Community Theatre Of Cedar Rapids Inc
- Assets
- $3.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Cedar Rapids, IA
- Founding
- 03/1950
- Data as of
- 07/2021
- EIN
- 42-0890913
Organization Overview
Community Theatre Of Cedar Rapids Inc, operating under the name Theatre Cedar Rapids, is located in Cedar Rapids, IA. The organization was established in 1950. 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 07/2021, Theatre Cedar Rapids employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Cedar Rapids 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, Theatre Cedar Rapids generated $1.1m 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 (10.9%) each year. All expenses for the organization totaled $1.1m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 6 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
THEATRE CEDAR RAPIDS STRIVES TO CREATE THE MAGIC OF LIVE THEATRE THROUGH INTENSIVE COMMUNITY INVOLVEMENT IN PERFORMANCE, SPECIAL EVENTS, THEATRE EDUCATION AND SERVICES.
Describe the Organization's Program Activity:
THEATER PRODUCTIONS: THERE WERE NO THEATRE PRODUCTIONS IN FY21 DUE TO THE PANDEMIC. THEATRE CEDAR RAPIDS PRODUCED THREE OUT-OF-DOORS PRODUCTIONS AT BRUCEMORE, INC. WHEN SOCIAL DISTANCING WAS ALLOWED. VIRTUAL PROGRAMMING LED THE WAY FOR THE THEATRE PRIOR TO THAT WITH 11 PRODUCTIONS OF VARIOUS SIZES. TOTAL COMMUNITY ATTENDANCE AND PROGRAM PARTICIPATION WAS APPROXIMATELY 3,779, COMPRISED OF 3,544 THEATRE PATRONS, 194 YOUTH & ADULT STUDENTS, AND 41 VOLUNTEER PLACEMENTS. VOLUNTEERS LOGGED A COMBINED 3,800 HOURS, SERVING AS PERFORMERS, SET BUILDERS AND TECH CREW, COSTUME AND PROPS BUILDERS, AND USHERS AND BOX OFFICE WORKERS.
EDUCATIONAL PROGRAMS: A TOTAL OF 149 YOUTH PARTICIPATED IN A RANGE OF VIRTUAL AND ONSITE EDUCATION PROGRAMS INCLUDING CLASSES AND CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Hallman Executive Director | Officer | 40 | $80,796 |
Patrice Carroll President | OfficerTrustee | 0.8 | $0 |
Dave Morton Vice President | OfficerTrustee | 0.8 | $0 |
Leann Erenberger Secretary | OfficerTrustee | 0.8 | $0 |
Travis Fell Treasurer | OfficerTrustee | 0.8 | $0 |
James Klein Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $49,825 |
| Membership dues | $0 |
| Fundraising events | $1,829 |
| Related organizations | $150,000 |
| Government grants | $162,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $618,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $982,412 |
| Total Program Service Revenue | $139,968 |
| Investment income | $19 |
| 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 | -$9,275 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,121,721 |
| 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. | $104,962 |
| Compensation of current officers, directors, key employees. | $10,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,446 |
| Pension plan accruals and contributions | $7,786 |
| Other employee benefits | $61,737 |
| Payroll taxes | $32,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $488 |
| Fees for services: Accounting | $59,946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,443 |
| Advertising and promotion | $27,920 |
| Office expenses | $44,803 |
| Information technology | $0 |
| Royalties | $6,800 |
| Occupancy | $137,486 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,817 |
| Insurance | $35,693 |
| All other expenses | $0 |
| Total functional expenses | $1,067,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $587,648 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $67,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,947 |
| Prepaid expenses and deferred charges | $68,097 |
| Net Land, buildings, and equipment | $300,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,510,552 |
| Total assets | $3,558,491 |
| Accounts payable and accrued expenses | $82,205 |
| Grants payable | $0 |
| Deferred revenue | $762,727 |
| 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 | $159,760 |
| Unsecured mortgages and notes payable | $332,452 |
| Other liabilities | $48,309 |
| Total liabilities | $1,385,453 |
| Net assets without donor restrictions | -$235,178 |
| Net assets with donor restrictions | $2,408,216 |
| 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 | $3,558,491 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Community Theatre Of Cedar Rapids Inc has recieved totaling $202,047.
| Awarding Organization | Amount |
|---|---|
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: ANNUAL DESIGNATED DISTRIBUTION, GENERAL SUPPORT, THEATRE CEDAR RAPIDS GENERAL OPERATING SUPPORT, THEATRE CEDAR RAPIDS REOPENING SUPPORT, ORGANIZATIONAL TRAINING FOR DIVERSITY & INCLUSION, THE SOUND OF MUSIC' AT TCR SUPPORT, TCR OUT OF DOORS THEATRE PROGRAMMING AT BRUCEMORE | $159,880 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $39,100 |
Lavern T Busse & Audrey Busse Foundation Cedar Rapids, IA PURPOSE: GENERAL OPERATING BUDGET | $1,500 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $1,350 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $217 |
Endowment Analysis
| Beg. Balance | $141,399 |
| Earnings | $29,695 |
| Admin Expense | $491 |
| Other Expense | $6,527 |
| Ending Balance | $164,076 |
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 |