Hickory Community Theatre Inc
- Assets
- $1.0m
- Revenue
- $899.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Hickory, NC
- Founding
- 08/1954
- Data as of
- 06/2022
- EIN
- 56-0819493
Organization Overview
Hickory Community Theatre Inc is located in Hickory, NC. The organization was established in 1954. 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 06/2022, Hickory Community Theatre Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickory Community Theatre 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 06/2022, Hickory Community Theatre Inc generated $899.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $689.9k 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 PROMOTE AND FOSTER THE ART OF THEATRE; TO EDUCATE AND MENTOR ASPIRING ACTORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF DRAMA THEATRE, WORKSHOPS AND REFRESHMENTS DURING PERFORMANCES FOR THE PUBLIC, AS WELL AS SPONSOR SUMMER WORK SHOPS FOR THE PUBLIC AND STUDENTS TO FOSTER ARTISTIC TALENT IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rambo Managing Director | Officer | 40 | $50,840 |
Cavelle Davolio Vice President | OfficerTrustee | 2 | $0 |
Dorothy Collier Best Past President | OfficerTrustee | 2 | $0 |
Sara Stinemetz Treasurer | OfficerTrustee | 2 | $0 |
Thom Hutchens Secretary | OfficerTrustee | 2 | $0 |
Thelma E Eley President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,700 |
| Related organizations | $0 |
| Government grants | $104,647 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,656 |
| Total Program Service Revenue | $329,783 |
| Investment income | $990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,900 |
| Net Income from Fundraising Events | $62,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $899,529 |
| 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. | $53,483 |
| Compensation of current officers, directors, key employees. | $21,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,156 |
| Office expenses | $17,012 |
| Information technology | $0 |
| Royalties | $36,235 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,952 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,701 |
| Insurance | $41,858 |
| All other expenses | $23,362 |
| Total functional expenses | $689,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,585 |
| Savings and temporary cash investments | $293,829 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,663 |
| 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 | $4,585 |
| Net Land, buildings, and equipment | $614,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,472 |
| Total assets | $1,049,765 |
| Accounts payable and accrued expenses | $32,330 |
| Grants payable | $0 |
| Deferred revenue | $10,140 |
| 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 | $31,000 |
| Other liabilities | $0 |
| Total liabilities | $73,470 |
| Net assets without donor restrictions | $976,295 |
| 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 | $1,049,765 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hickory Community Theatre Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The@milton And Dorothy Sarnoff Raymond Foundation Williamstown, MA PURPOSE: CHARITABLE | $2,000 |
Endowment Analysis
| Beg. Balance | $24,160 |
| Earnings | $1,962 |
| Admin Expense | $650 |
| Ending Balance | $25,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Aurora Theatre Inc Lawrenceville, GA | $10,092,561 | $4,172,461 |
Barter Foundation Incorporated State Theatre Of Virginia Abingdon, VA | $10,953,876 | $6,208,012 |
American Shakespeare Center Staunton, VA | $2,626,073 | $2,087,317 |
Childrens Theatre Of Charlotte Inc Charlotte, NC | $26,819,373 | $2,866,228 |
North Carolina Theatre Raleigh, NC | $3,174,252 | $3,580,122 |
Roanoke Island Historical Association Inc Manteo, NC | $10,126,995 | $2,839,927 |
Carolina Theatre Of Durham Inc Durham, NC | $4,096,389 | $4,794,341 |
Nashville Repertory Theatre Inc Nashville, TN | $1,810,998 | $3,171,319 |
Triad Stage Inc Greensboro, NC | $3,172,585 | $1,782,621 |
Circuit Playhouse Inc Memphis, TN | $16,830,150 | $2,686,872 |
Cumberland County Playhouse Inc Crossville, TN | $3,086,163 | $3,321,582 |