Little Theatre Of Owatonna Inc
- Assets
- $194.3k
- Revenue
- $106.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Owatonna, MN
- Founding
- 03/1978
- Data as of
- 07/2021
- EIN
- 41-1318377
Organization Overview
Little Theatre Of Owatonna Inc is located in Owatonna, MN. The organization was established in 1978. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Theatre Of Owatonna 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 07/2021, Little Theatre Of Owatonna Inc generated $106.0k 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 (6.0%) each year. All expenses for the organization totaled $101.2k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE INTEREST & ENJOYMENT OF THE DRAMATIC ARTS IN THE OWATONNA AREA THROUGH EDUCATION,INVOLVEMENT & EXPOSURE TO VARIOUS PUBLIC PERFORMANCES.
Describe the Organization's Program Activity:
PLAY PRODUCTION - 4 PRODUCTIONS WITH TOTAL ATTENDANCE OF 1,604 TO ENHANCE THEATRICAL ARTS AWARENESS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Bartkowiak Executive Se | Officer | 40 | $8,912 |
Kristi Westergaard President | Officer | 1 | $0 |
Curt Jorgensen Treasurer | Officer | 1 | $0 |
Vidette Ostermeier Vice Preside | Officer | 1 | $0 |
Emma Hellevik Director | Trustee | 1 | $0 |
Bev Cashman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,051 |
| Investment income | $7,007 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,043 |
| 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. | $8,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,514 |
| Office expenses | $11,017 |
| Information technology | $0 |
| Royalties | $5,335 |
| Occupancy | $10,989 |
| Travel | $327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,598 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,746 |
| Insurance | $2,540 |
| All other expenses | $0 |
| Total functional expenses | $101,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,463 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $21,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,023 |
| Total assets | $194,348 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,098 |
| Total liabilities | $7,098 |
| 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 | $187,250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Little Theatre Of Owatonna Inc has recieved totaling $57,500.
| Awarding Organization | Amount |
|---|---|
Owatonna Foundation Inc Owatonna, MN PURPOSE: LIGHTING | $50,000 |
Wenger Foundation Crystal Bay, MN PURPOSE: ASSIST OPERATIONS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Theatre Foundation Minneapolis, MN | $150,141,249 | $18,685,485 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Hennepin Theatre Tr Minneapolis, MN | $22,588,604 | $4,825,873 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |
Duluth Playhouse Inc Duluth, MN | $18,649,161 | $3,003,530 |
Stages Theatre Company Inc Hopkins, MN | $3,890,708 | $3,759,025 |
Playwrights Center Inc Minneapolis, MN | $3,908,050 | $3,263,756 |
Childrens Theater Of Madison Inc Madison, WI | $744,521 | $1,901,804 |
Englert Civic Theatre Inc Non Profit Iowa City, IA | $7,526,488 | $2,477,327 |