Old Town Playhouse Inc
- Assets
- $1.4m
- Revenue
- $487.5k
- Investments
- $0.0
- Employees
- 27
- Location
- Traverse City, MI
- Founding
- 07/1977
- Data as of
- 06/2021
- EIN
- 38-2095449
Organization Overview
Old Town Playhouse Inc is located in Traverse City, MI. The organization was established in 1977. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Old Town Playhouse Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Town Playhouse Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Old Town Playhouse Inc generated $487.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $463.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A VOLUNTEER-BASED ORGANIZATION PROMOTING QUALITY COMMUNITY THEATRE EXPERIENCES FOR THE PEOPLE OF NORTHWEST MICHIGAN BY PROVIDING EDUCATIONAL OPPORTUNITIES AND ENTERTAINMENT IN THE THEATRICAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WERE ABLE TO RESUME THEATRE PRODUCTIONS DUE TO THE EASING OF COVID RESTRICTIONS. WE PRODUCED AND STAGED 9 COMMUNITY THEATRE PRODUCTIONS WHICH PROMOTED THE CULTURAL AND LITERARY DEVELOPMENT OF OUR NORTHERN MICHIGAN COMMUNITY. WE PROVIDED OPPORTUNITIES FOR INDIVIDUALS TO PARTICIPATE IN ALL ASPECTS OF THE DRAMATIC ARTS. TICKET SALES COMPRISED OF OVER 13,160 SEATS. WE ALSO PROVIDED AN OPPORTUNITY FOR 16 DIFFERENT GROUPS OF ENTERTAINERS TO PRESENT THEIR CRAFT TO OUR PATRONS WITH PERFORMANCES UNDER OUR OUTSIDE TENT.
WE WERE ABLE TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR OVER 282 CHILDREN AND YOUNG ADULTS.
WE PRODUCED READER STYLE PRODUCTIONS. MEMBERS WHO PERFORM RANGE IN AGES FROM 55 TO 93 YEARS OF AGE. THEY PERFORMED IN OUR FACILITY AND ALSO DID COMMUNITY OUTREACH. THIS ENCOURAGES LIFELONG PARTICIPATION IN THE THEATRE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Oetjens Jackson Executive Director | Officer | 40 | $49,177 |
Chris Radu President | OfficerTrustee | 1 | $0 |
Margaret Brace Vice President | OfficerTrustee | 15 | $0 |
Marcy Hermann Secretary | OfficerTrustee | 1 | $0 |
Chuck Moeser Treasurer | OfficerTrustee | 2 | $0 |
Lindsay Raymond Director | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,183 |
| Investment income | $520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,458 |
| Net Gain/Loss on Asset Sales | -$27 |
| Net Income from Fundraising Events | $975 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,710 |
| Payroll taxes | $14,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,900 |
| Advertising and promotion | $4,243 |
| Office expenses | $6,250 |
| Information technology | $6,599 |
| Royalties | $0 |
| Occupancy | $41,958 |
| Travel | $153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,293 |
| Insurance | $14,306 |
| All other expenses | $0 |
| Total functional expenses | $463,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,684 |
| Savings and temporary cash investments | $382,308 |
| Pledges and grants receivable | $88,856 |
| Accounts receivable, net | $56,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,427,538 |
| Accounts payable and accrued expenses | $6,973 |
| Grants payable | $0 |
| Deferred revenue | $183,303 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,363 |
| Total liabilities | $207,639 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,219,899 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Old Town Playhouse Inc has recieved totaling $53,688.
| Awarding Organization | Amount |
|---|---|
Worthington Family Foundation Traverse City, MI PURPOSE: UNDERWRITE CURRENT AND NEW PROGRAMS | $34,980 |
Grand Traverse Regional Community Foundation Traverse City, MI PURPOSE: A:ARTS, CULTURE | $18,460 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $248 |
Endowment Analysis
| Beg. Balance | $568,484 |
| Earnings | -$71,594 |
| Grants | $19,920 |
| Ending Balance | $476,969 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Childrens Theatre Of Cincinnati Cincinnati, OH | $17,028,934 | $8,914,508 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
Great Lakes Theater Festival Inc Cleveland, OH | $6,916,721 | $4,972,488 |
Cincinnati Shakespeare Company Cincinnati, OH | $14,840,812 | $4,731,587 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |
Shadoart Productions Inc Columbus, OH | $8,163,963 | $3,721,440 |