Theatrical Arts At Forestburgh Inc
- Assets
- $722.6k
- Revenue
- $929.0k
- Investments
- $0.0
- Employees
- 147
- Location
- Forestburgh, NY
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-4432375
Organization Overview
Theatrical Arts At Forestburgh Inc is located in Forestburgh, NY. The organization was established in 2014. 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 12/2022, Theatrical Arts At Forestburgh Inc employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatrical Arts At Forestburgh 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 12/2022, Theatrical Arts At Forestburgh Inc generated $929.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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
PROVIDE PROFESSIONAL LIVE THEATRE AND PERFORMING ARTS FOR EDUCATIONAL AND CULTURAL ENRICHMENT PURPOSES TO THE STUDENTS, RESIDENTS AND VISITORS OF THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PROFESSIONAL LIVE THEATRE AND PERFORMING ARTS FOR EDUCATIONAL AND CULTURAL ENRICHMENT PURPOSES TO THE STUDENTS, RESIDENTS AND VISITORS OF THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin Trapp Managing Dir | Officer | 40 | $42,000 |
Colin Brinkmann Member | Trustee | 0.5 | $0 |
Fontaine Lee President | Trustee | 0.5 | $0 |
Armando Ramirez Treasuer | Trustee | 0.5 | $0 |
Daniel Shim Secretary | Trustee | 0.5 | $0 |
Spencer Stockdale Vice Preside | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,456 |
| Noncash contributions included in lines 1a–1f | $123,564 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,956 |
| Total Program Service Revenue | $654,072 |
| Investment income | $2,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$376 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,849 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $928,977 |
| 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 | $440,885 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,500 |
| Payroll taxes | $47,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,522 |
| Office expenses | $21,753 |
| Information technology | $0 |
| Royalties | $48,365 |
| Occupancy | $83,920 |
| Travel | $23,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,388 |
| Insurance | $52,530 |
| All other expenses | $8,052 |
| Total functional expenses | $1,292,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,206 |
| Savings and temporary cash investments | $670 |
| 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 | $34,829 |
| Net Land, buildings, and equipment | $237,112 |
| Investments—publicly traded securities | $88,770 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $722,587 |
| Accounts payable and accrued expenses | $28,394 |
| Grants payable | $0 |
| Deferred revenue | $116,695 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $17,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $587,304 |
| Other liabilities | $8,899 |
| Total liabilities | $758,292 |
| Net assets without donor restrictions | -$35,705 |
| 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 | $722,587 |