Des Moines Community Playhouse
- Assets
- $9.9m
- Revenue
- $1.8m
- Investments
- $537.4k
- Employees
- 50
- Location
- Des Moines, IA
- Founding
- 05/1946
- Data as of
- 08/2021
- EIN
- 42-0710259
Organization Overview
Des Moines Community Playhouse is located in Des Moines, IA. The organization was established in 1946. 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 08/2021, Des Moines Community Playhouse employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Moines Community Playhouse 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 08/2021, Des Moines Community Playhouse generated $1.8m 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 (5.6%) each year. All expenses for the organization totaled $1.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 6 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
EDUCATION AND LITERARY ACTIVITIES TO PROMOTE THEATRE AS AN ART AND CULTURAL ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF PLAYS AND SPONSORSHIP OF CLASSES FOR EDUCATIONAL PURPOSES AND CULTURAL ENRICHMENT FOR THE BENEFIT OF THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kilpatrick Executive Director | Officer | 45 | $77,014 |
Steve Schaaf Board President | OfficerTrustee | 3 | $0 |
Meyer Lehman Board Treasurer | OfficerTrustee | 2 | $0 |
Sally Cooper Smith Board Secretary | OfficerTrustee | 1 | $0 |
Barbara C White Board President - Elect | OfficerTrustee | 3 | $0 |
Scott Gire Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,500 |
| Related organizations | $0 |
| Government grants | $719,628 |
| All other contributions, gifts, grants, and similar amounts not included above | $699,365 |
| Noncash contributions included in lines 1a–1f | $1,456 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,439,493 |
| Total Program Service Revenue | $276,905 |
| Investment income | $1,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,138 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,967 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,985 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,796,377 |
| 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. | $92,519 |
| Compensation of current officers, directors, key employees. | $55,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,478 |
| Payroll taxes | $37,285 |
| 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 | $35,565 |
| Advertising and promotion | $45,113 |
| Office expenses | $114,428 |
| Information technology | $0 |
| Royalties | $25,179 |
| Occupancy | $144,569 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294,189 |
| Insurance | $20,753 |
| All other expenses | $0 |
| Total functional expenses | $1,458,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,340 |
| Savings and temporary cash investments | $933,662 |
| Pledges and grants receivable | $178,860 |
| Accounts receivable, net | $1,185 |
| 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 | $108,895 |
| Net Land, buildings, and equipment | $7,925,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $537,383 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $247,061 |
| Total assets | $9,934,545 |
| Accounts payable and accrued expenses | $127,174 |
| Grants payable | $0 |
| Deferred revenue | $260,027 |
| 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 | $2,205,218 |
| Other liabilities | $0 |
| Total liabilities | $2,592,419 |
| Net assets without donor restrictions | $6,498,808 |
| Net assets with donor restrictions | $843,318 |
| 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 | $9,934,545 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Des Moines Community Playhouse has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Melinda And Charles Ruperto Foundation Des Moines, IA PURPOSE: TO ASSIST IN FUNDING CULTURE AND FINE ARTS IN THE GREATER DES MOINES AREA | $5,000 |
Mary K And Daniel M Kelly Foundation Des Moines, IA PURPOSE: GENERAL OPERATIONS | $1,000 |
Endowment Analysis
| Beg. Balance | $477,115 |
| Earnings | $97,653 |
| Net Contributions | $30,737 |
| Other Expense | $23,537 |
| Ending Balance | $581,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
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 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |
Omaha Theater Company Omaha, NE | $9,432,355 | $7,494,980 |