Music Theatre Wichita
- Assets
- $15.6m
- Revenue
- $761.8k
- Investments
- $0.0
- Employees
- 189
- Location
- Wichita, KS
- Founding
- 05/1972
- Data as of
- 12/2021
- EIN
- 48-0785658
Organization Overview
Music Theatre Wichita is located in Wichita, KS. The organization was established in 1972. 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 12/2021, Music Theatre Wichita employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Theatre Wichita 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 12/2021, Music Theatre Wichita generated $761.8k 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 (20.6%) each year. All expenses for the organization totaled $757.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.2%) 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
MUSIC THEATRE WICHITA IS DEDICATED TO STIMULATING AND NURTURING INTEREST IN MUSICAL THEATRE BY PRODUCING AND/OR PRESENTING BROADWAY QUALITY PRODUCTIONS WHILE ENTERTAINING AND EDUCATING PATRONS, THE COMMUNITY AND THEATRICAL ARTISTS
Describe the Organization's Program Activity:
MTWICHITA'S 2021 FISCAL YEAR WAS CHALLENGING, WITH HALLMARKS INCLUDING: ONGOING CHALLENGES OF PRODUCING DURING A PANDEMIC: COSTS OF PRODUCING WERE HIGHER, INCOME POTENTIAL WAS LOWER, AND COVID RESTRICTIONS AND PROTOCOLS BROUGHT PREVIOUSLY UNHEARD OF CHALLENGES FOR STAFF. MAJOR CHANGES TO STAFFING, A COMBINATION OF PLANNED LEADERSHIP CHANGES, COVID-ERA JOB CHANGES, AND ORGANIZATIONAL NEEDS EVOLVING. THE PANDEMIC HIGHLIGHTING MANY AREAS THAT PREVIOUSLY NEEDED INVESTMENT, SUCH AS A NEW CRM FOR MANAGING PATRON INFORMATION, UPGRADED WEBSITE FEATURES, AND INCREASED COMMUNITY INVOLVEMENT. IN NOVEMBER, THE SEASON CONCLUDED WITH THE NEW COMMUNITY-FOCUSED MUSICAL TWELFTH NIGHT. CENTURY II CONVENTION HALL; SIX PERFORMANCES; 6,126 ATTENDED.OTHER INITIATIVES AND HIGHLIGHTS INCLUDED: CHANGE OF THE FISCAL YEAR TO ALIGN WITH THE CALENDAR YEAR.ADDITION OF STAFF, RECALIBRATE STAFF DUTIES, AND POSITION THE ORGANIZATION FOR GROWTH.PLANS FOR STAFF TRAINING, REVIEWING AND UPDATING POLICIES, AND MORE SET INTO MOTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Marcum Artistic Director | Officer | 40 | $105,918 |
Angela Cassette Managing Director | Officer | 40 | $96,367 |
Wayne Bryan Producing Advisor | Officer | 40 | $82,563 |
Vickie Kline Former Finance Director | Officer | 40 | $59,340 |
Kimberly Storer Finance Director | Officer | 40 | $30,292 |
Lora Barry President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Music Theatre International Royalties | 10/30/16 | $138,122 |
Show Call Llc Set Loading In/out | 10/30/16 | $112,616 |
Donlevy Lithograph Inc Print Playbills | 10/30/16 | $113,770 |
Mathur Media Group 1632 Media | 10/30/16 | $131,179 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $218,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $418,670 |
| Total Program Service Revenue | $180,512 |
| Investment income | $125,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,757 |
| 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. | $59,869 |
| Compensation of current officers, directors, key employees. | $33,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $311,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,112 |
| Payroll taxes | $32,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,512 |
| Fees for services: Other | $15,985 |
| Advertising and promotion | $26,823 |
| Office expenses | $15,213 |
| Information technology | $4,093 |
| Royalties | $14,037 |
| Occupancy | $6,689 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,100 |
| Interest | $1,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,879 |
| Insurance | $7,956 |
| All other expenses | $25,222 |
| Total functional expenses | $757,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,769 |
| 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 | $205,572 |
| Net Land, buildings, and equipment | $1,158,672 |
| Investments—publicly traded securities | $13,819,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,691 |
| Total assets | $15,633,556 |
| Accounts payable and accrued expenses | $152,526 |
| Grants payable | $0 |
| Deferred revenue | $2,133,129 |
| 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 | $345,318 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,630,973 |
| Net assets without donor restrictions | $1,732,360 |
| Net assets with donor restrictions | $11,270,223 |
| 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 | $15,633,556 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Music Theatre Wichita has recieved totaling $373,791.
| Awarding Organization | Amount |
|---|---|
Wichita Community Foundation Wichita, KS PURPOSE: WAYNE BRYAN ENDOWMENT FUND, ANNUAL DISTRIBUTION, GENERAL PURPOSES | $128,660 |
C Colaw And G Crane Charitable Trust St Petersburg, FL PURPOSE: UNRESTRICTED GRANT | $67,607 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $50,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $20,153 |
Dwane L And Velma Lunt Wallace Wichita, KS PURPOSE: MUSIC THEATRE FOR YOUNG PEOPLE PROGRAM | $20,000 |
Koch Family Foundation Wichita, KS PURPOSE: 2021 SEASON AND INTERN PROGRAM | $15,500 |
Endowment Analysis
| Beg. Balance | $13,591,505 |
| Earnings | $144,287 |
| Admin Expense | $8,512 |
| Net Contributions | $91,841 |
| Ending Balance | $13,819,121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
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 |
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 |
Theatre Aspen Aspen, CO | $2,636,414 | $3,832,324 |
Lyric Theatre Of Oklahoma Inc Oklahoma City, OK | $13,499,880 | $4,030,124 |
Arrow Rock Lyceum Arrow Rock, MO | $3,578,737 | $4,078,982 |
Stages St Louis Chesterfield, MO | $5,581,683 | $2,784,399 |
Springfield Little Theatre Inc Springfield, MO | $4,120,602 | $1,969,104 |
Rocky Mountain Repertorey Theatre Grand Lake, CO | $9,762,143 | $2,216,400 |
St Louis Shakespeare Festival St Louis, MO | $909,280 | $1,148,329 |