Skylight Music Theatre Corp
- Assets
- $3.5m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 140
- Location
- Milwaukee, WI
- Founding
- 07/1963
- Data as of
- 06/2022
- EIN
- 39-0975374
Organization Overview
Skylight Music Theatre Corp is located in Milwaukee, WI. The organization was established in 1963. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Skylight Music Theatre Corp employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skylight Music Theatre Corp 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 06/2022, Skylight Music Theatre Corp generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING THE FULL SPECTRUM OF MUSIC THEATRE WORKS TO A DIVERSE AUDIENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SKYLIGHT PROVIDED A SEASON OF FIVE MUSICAL THEATRE WORKS
THE SKYLIGHT PROVIDED EDUCATIONAL PROGRAMMING FOR ADULTS AS WELL AS ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS, PREDOMINANTLY IN THE MILWAUKEE PUBLIC SCHOOL SYSTEM
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lemmon Jack Executive Director | Officer | 50 | $132,737 |
Fraser Alexander VP Of Governance | OfficerTrustee | 1 | $0 |
Till Dr Brian D President | OfficerTrustee | 1 | $0 |
Lueder Michael VP Of Strategic Planning | OfficerTrustee | 1 | $0 |
Johnson Valerie VP Of Marketing | OfficerTrustee | 1 | $0 |
Skipper Irene VP Of Development, President Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $479,890 |
| Membership dues | $0 |
| Fundraising events | $55,252 |
| Related organizations | $0 |
| Government grants | $1,074,213 |
| All other contributions, gifts, grants, and similar amounts not included above | $827,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,436,882 |
| Total Program Service Revenue | $975,675 |
| Investment income | $85,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $139,109 |
| Net Gain/Loss on Asset Sales | $15,152 |
| Net Income from Fundraising Events | $6,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,977,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,790 |
| Compensation of current officers, directors, key employees. | $166,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,554,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,306 |
| Payroll taxes | $122,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,407 |
| Advertising and promotion | $164,937 |
| Office expenses | $36,579 |
| Information technology | $100,122 |
| Royalties | $64,524 |
| Occupancy | $587,405 |
| Travel | $23,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,518 |
| Insurance | $63,645 |
| All other expenses | $72,494 |
| Total functional expenses | $3,682,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,419 |
| Savings and temporary cash investments | $72,544 |
| Pledges and grants receivable | $309,665 |
| Accounts receivable, net | $91,446 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,480 |
| Prepaid expenses and deferred charges | $123,128 |
| Net Land, buildings, and equipment | $198,230 |
| Investments—publicly traded securities | $2,026,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,049 |
| Total assets | $3,450,356 |
| Accounts payable and accrued expenses | $77,519 |
| Grants payable | $0 |
| Deferred revenue | $314,986 |
| 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 | $1,325,317 |
| Total liabilities | $1,717,822 |
| Net assets without donor restrictions | $1,350,325 |
| Net assets with donor restrictions | $382,209 |
| 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 | $3,450,356 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Skylight Music Theatre Corp has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
The Derse Foundation Inc Waukesha, WI PURPOSE: ARTS & CULTURE SUPPORT | $400 |
Endowment Analysis
| Beg. Balance | $2,337,386 |
| Earnings | -$310,991 |
| Ending Balance | $2,026,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Minnesota Opera Minneapolis, MN | $36,038,130 | $16,099,693 |
Des Moines Metro Opera Inc Indianola, IA | $7,229,930 | $5,531,970 |
Skylight Music Theatre Corp Milwaukee, WI | $3,450,356 | $3,977,944 |
Florentine Opera Co Inc Milwaukee, WI | $7,598,617 | $5,457,526 |
Chicago Opera Theater Chicago, IL | $1,804,521 | $2,733,025 |
Madison Opera Inc Madison, WI | $2,864,319 | $1,938,281 |
Music Theater Works Wilmette, IL | $813,169 | $1,440,067 |
Opera Grand Rapids Grand Rapids, MI | $2,048,436 | $784,571 |
Chamber Opera Of Chicago Chicago, IL | $429,252 | $422,110 |
Pella Opera House Commission Pella, IA | $2,774,493 | $769,782 |
The Haymarket Opera Company Nfp Chicago, IL | $366,396 | $568,992 |
Opera For The Young Inc Madison, WI | $518,511 | $325,341 |