Music Theatre Wichita
- Assets
- $12.7m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 303
- Location
- Wichita, KS
- Founding
- 05/1972
- Data as of
- 12/2022
- 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 12/2022, Music Theatre Wichita employed 303 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 12/2022, Music Theatre Wichita generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $5.7m during the year ending 12/2022. While expenses have increased by 5.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
MUSIC THEATRE WICHITA'S 2022 FISCAL YEAR FEATURED A RETURN TO FIVE SUMMER PRODUCTIONS. TICKET SALES INCREASED GREATLY IN 2022, BUT ATTENDANCE WAS STILL LOWER THAN PRE-PANDEMIC ATTENDANCE NUMBERS. HIGHLIGHTS INCLUDED ATTENDANCE OF NEARLY 4800 AND A DIVERSITY OF STRONG PROGRAMMING AND SERVICES FOR YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Heck Director | Trustee | 1 | $0 |
Paul Witte Director | Trustee | 1 | $0 |
Darcee Datteri Governance | OfficerTrustee | 0.5 | $0 |
Jeff Emmot Government Relations | OfficerTrustee | 0.5 | $0 |
Andrew Kovar President | OfficerTrustee | 1 | $0 |
Amy Williams Dei | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donlevy Lithograph Inc Print Playbills | 10/30/16 | $113,770 |
Music Theatre International Royalties | 10/30/16 | $138,122 |
Mathur Media Group 1632 Media | 10/30/16 | $131,179 |
Show Call Llc Set Loading In/out | 10/30/16 | $112,616 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,097,642 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,315,456 |
| Noncash contributions included in lines 1a–1f | $12,770 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,413,098 |
| Total Program Service Revenue | $2,540,676 |
| Investment income | $328,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $841 |
| Net Rental Income | $7,138 |
| Net Gain/Loss on Asset Sales | $169,003 |
| Net Income from Fundraising Events | $5,064 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,928 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,599,669 |
| 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. | $503,008 |
| Compensation of current officers, directors, key employees. | $77,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,270,372 |
| Pension plan accruals and contributions | $41,062 |
| Other employee benefits | $123,854 |
| Payroll taxes | $193,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,722 |
| Fees for services: Other | $81,259 |
| Advertising and promotion | $382,722 |
| Office expenses | $156,565 |
| Information technology | $23,444 |
| Royalties | $208,517 |
| Occupancy | $178,602 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,215 |
| Interest | $17,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,437 |
| Insurance | $51,525 |
| All other expenses | $0 |
| Total functional expenses | $5,681,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,388 |
| 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 | $183,210 |
| Net Land, buildings, and equipment | $1,155,699 |
| Investments—publicly traded securities | $11,184,326 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,553 |
| Total assets | $12,683,103 |
| Accounts payable and accrued expenses | $252,614 |
| Grants payable | $0 |
| Deferred revenue | $1,271,440 |
| 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 | $680,564 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,204,618 |
| Net assets without donor restrictions | $749,286 |
| Net assets with donor restrictions | $9,729,199 |
| 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 | $12,683,103 |