Zeiders American Dream Theater
- Assets
- $9.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 49
- Location
- Virginia Beach, VA
- Founding
- 12/2013
- Data as of
- 06/2022
- EIN
- 46-2010262
Organization Overview
Zeiders American Dream Theater is located in Virginia Beach, VA. The organization was established in 2013. 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 06/2022, Zeiders American Dream Theater employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zeiders American Dream Theater 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, Zeiders American Dream Theater generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. 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 PROVIDE A FORUM FOR ARTISTIC PRESENTATION TO THE COMMUNITY AND TO SUPPORT CREATIVITY WITH A FOCUS ON THE DEVELOPMENT OF ARTISTS, COMPOSERS, AND CREATIVE WRITERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZADT CONDUCTED A WIDE RANGE OF EVENTS INCLUDING: PLAYS, MUSICALS, CABARETS, CONCERTS, COMEDY CHILDREN'S THEATER, AND COMMUNITY EVENTS SUCH AS OPEN MICS FOR SPOKEN WORD OR MUSIC. MANY EVENTS WERE DONE IN COOPERATION WITH OTHER ARTS AND COMMUNITY ORGANIZATIONS. CONCESSIONS ARE SOLD A MOST EVENTS. THIS YEAR'S LIVE PROGRAMMING WAS LIMITED BY COVID-19 SHUTDOWNS. ZADT EXPANDED OUR STREAMING PROGRAMS DURING THIS PERIOD.
OTHER ARTS AND COMMUNITY ORGANIZATIONS USE THE THEATER FOR PROGRAMMING. EVENTS INCLUDE CITY OF VIRGINIA BEACH, YOUTH PROGRAMS, CHURCH, AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Zeiders Chairman/director | OfficerTrustee | 16 | $0 |
John Ickes Secretary/treasurer/director | Trustee | 1 | $0 |
Morgan Davis Director | Trustee | 1 | $0 |
Christopher Hanna Director | Trustee | 1 | $0 |
James Spore Director | Trustee | 1 | $0 |
David Whitted Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $388,291 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,416,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,805,038 |
| Total Program Service Revenue | $257,796 |
| Investment income | $123 |
| 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 | $2,062,957 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $545,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,787 |
| Payroll taxes | $40,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $587 |
| Advertising and promotion | $122,687 |
| Office expenses | $46,782 |
| Information technology | $17,702 |
| Royalties | $0 |
| Occupancy | $113,010 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $410,645 |
| Insurance | $5,206 |
| All other expenses | $0 |
| Total functional expenses | $2,068,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66 |
| 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 | $13,722 |
| Net Land, buildings, and equipment | $8,956,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,355,099 |
| Accounts payable and accrued expenses | $683 |
| 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 | $0 |
| Total liabilities | $683 |
| Net assets without donor restrictions | $9,354,416 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,355,099 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Zeiders American Dream Theater has recieved totaling $39,000.
| Awarding Organization | Amount |
|---|---|
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $39,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Washington Performing Arts Society Washington, DC | $12,549,147 | $4,886,462 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Arts Of Southern Kentucky Inc Bowling Green, KY | $7,056,878 | $5,434,508 |
Lyric Foundation Inc Baltimore, MD | $19,508,427 | $4,826,860 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |
Hippodrome Foundation Inc Baltimore, MD | $13,272,762 | $8,345,176 |
Bijou Theater Center Knoxville, TN | $4,966,166 | $3,906,222 |
Maryland Hall For The Creative Arts Inc Annapolis, MD | $14,959,941 | $1,722,678 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Atlas Performing Arts Center Washington, DC | $17,353,205 | $2,355,130 |