The Main Street Youth Theatre Inc
- Assets
- $1.2m
- Revenue
- $366.2k
- Investments
- $926.0k
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 58-2325670
Organization Overview
The Main Street Youth Theatre Inc is located in Hilton Head Island, SC. The organization was established in 1998. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Youth 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 12/2021, Main Street Youth Theatre Inc generated $366.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $179.4k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE ARTS THROUGH PRODUCTION OF LOCAL FAMILY PLAYS AND MUSICALS AND EDUCATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF LOCAL FAMILY PLAYS, MUSICALS AND EDUCATIONAL PROGRAMS
PRODUCTION OF LOCAL FAMILY PLAYS, MUSICALS AND EDUCATIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Mckivergan Secretary | OfficerTrustee | $0 | |
Cinda Seamon Chairperson | OfficerTrustee | $0 | |
Debbie Cort Treasurer | Officer | $0 | |
Mark Erickson Member | Trustee | $0 | |
Daniel Cort Vice Chair | Trustee | $0 | |
Josh Wall Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,245 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,882 |
| Total Program Service Revenue | $23,976 |
| Investment income | $5,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $185,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $366,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,845 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,265 |
| Fees for services: Investment Management | $5,894 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,133 |
| Office expenses | $3,408 |
| Information technology | $2,307 |
| Royalties | $0 |
| Occupancy | $6,845 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,354 |
| All other expenses | $1,912 |
| Total functional expenses | $179,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,154 |
| Savings and temporary cash investments | $290,813 |
| 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 | $1,071 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $926,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,247,038 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,247,038 |
| 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 | $1,247,038 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Main Street Youth Theatre Inc has recieved totaling $5,820.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aurora Theatre Inc Lawrenceville, GA | $10,092,561 | $4,172,461 |
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 |
Triad Stage Inc Greensboro, NC | $3,172,585 | $1,782,621 |
Cape Fear Regional Theatre At Fayetteville Inc Fayetteville, NC | $12,746,440 | $5,274,207 |
Greenville Theatre Greenville, SC | $1,160,759 | $1,950,645 |
Theatre In The Park Inc Raleigh, NC | $2,002,475 | $1,910,364 |
Elm Street Cultural Arts Village Inc Woodstock, GA | $1,718,719 | $1,491,889 |
International Alliance Theatrical Stage Employees & Moving Picture M Wilmington, NC | $5,538,162 | $2,076,502 |
Thalian Association Of Wilmington Inc Wilmington, NC | $860,494 | $1,715,848 |