Michigan Theater Foundation Inc
- Assets
- $15.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 111
- Location
- Ann Arbor, MI
- Founding
- 02/1982
- Data as of
- 09/2021
- EIN
- 38-2269013
Organization Overview
Michigan Theater Foundation Inc is located in Ann Arbor, MI. The organization was established in 1982. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Michigan Theater Foundation Inc employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Theater Foundation 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 09/2021, Michigan Theater Foundation Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $3.3m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michigan Theater Foundation Inc has awarded 206 individual grants totaling $1,478,344. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO JOYFULLY BRING DIVERSE PEOPLE TOGETHER TO BUILD COMMUNITY, ENHANCE UNDERSTANDING, ADVANCE PUBLIC STORYTELLING AND THE ARTS, AND PROTECT OUR HISTORIC BUILDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION, MAINTENANCE, AND RESTORATION OF THE MICHIGAN THEATER AND THE STATE THEATRE FOR THE BENEFIT OF THE COMMUNITY AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell B Collins Ceo/secretar | OfficerTrustee | 40 | $141,516 |
Lee Berry Chief Dev Of | 40 | $131,000 | |
Janice Warner Finance Dire | Officer | 40 | $96,354 |
Jamie Buhr Chair | OfficerTrustee | 1 | $0 |
Agnes Moy-Sarns Chair | OfficerTrustee | 1 | $0 |
Peter Schork Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Picture Film Distribution | 9/29/19 | $148,295 |
The Andrews Group Human Resources | 9/29/19 | $102,385 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,785 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $532,691 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,213,262 |
| Noncash contributions included in lines 1a–1f | $2,667 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,766,738 |
| Total Program Service Revenue | $650,364 |
| Investment income | $13,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $96,885 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,527,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $224,203 |
| Compensation of current officers, directors, key employees. | $155,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,014,105 |
| Pension plan accruals and contributions | $28,497 |
| Other employee benefits | $128,742 |
| Payroll taxes | $90,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $283,472 |
| Advertising and promotion | $38,817 |
| Office expenses | $38,880 |
| Information technology | $27,174 |
| Royalties | $0 |
| Occupancy | $141,905 |
| Travel | $4,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $722,101 |
| Insurance | $46,750 |
| All other expenses | $138,596 |
| Total functional expenses | $3,317,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,710,499 |
| Savings and temporary cash investments | $1,752,012 |
| Pledges and grants receivable | $1,255,261 |
| Accounts receivable, net | $14,866 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,966 |
| Prepaid expenses and deferred charges | $45,974 |
| Net Land, buildings, and equipment | $10,086,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,884,793 |
| Accounts payable and accrued expenses | $159,362 |
| Grants payable | $0 |
| Deferred revenue | $648,520 |
| 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 | $264,151 |
| Unsecured mortgages and notes payable | $563,523 |
| Other liabilities | $1,737,532 |
| Total liabilities | $3,373,088 |
| Net assets without donor restrictions | $11,256,445 |
| Net assets with donor restrictions | $1,255,260 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,884,793 |
Grants Awarded
Over the last fiscal year, Michigan Theater Foundation Inc has awarded $1,478,344 in support to 206 organizations.
| Grant Recipient | Amount |
|---|---|
JANUS FILMS PURPOSE: PASS THROUGH GRANT | $200,000 |
JANUS FILMS PURPOSE: PASS THROUGH GRANT | $200,000 |
Bend, OR PURPOSE: PROGRAM SUPPORT | $5,286 |
Amherst, MA PURPOSE: PROGRAM SUPPORT | $5,286 |
Athens, GA PURPOSE: PROGRAM SUPPORT | $5,286 |
Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $5,286 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Michigan Theater Foundation Inc has recieved totaling $305,865.
| Awarding Organization | Amount |
|---|---|
Ann Arbor Area Community Foundation Ann Arbor, MI PURPOSE: ARTS AND CULTURE | $138,584 |
Duffy Foundation Ann Arbor, MI PURPOSE: USE CONSISTENT W/501(C)(3) STATUS | $90,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $35,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $24,700 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $15,000 |
Sterken Family Foundation Saline, MI PURPOSE: GENERAL DONATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Broadway Grand Rapids Grand Rapids, MI | $2,343,299 | $13,547,749 |
Detroit Opera Detroit, MI | $46,812,293 | $9,178,032 |
Fox Cities Performing Arts Center Inc Appleton, WI | $82,069,378 | $12,172,619 |
Confluence Council Inc Eau Claire, WI | $3,541,289 | $9,499,634 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Music Hall Center For The Performing Arts Inc Detroit, MI | $3,982,183 | $5,279,340 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Great Lakes Center For The Arts Bay Harbor, MI | $37,486,193 | $6,372,255 |
Playhouse Square Development Corporation Cleveland, OH | $842,822 | $0 |
Arts In Stark Canton, OH | $26,886,137 | $1,886,035 |