Meridian Little Theater
- Assets
- $406.7k
- Revenue
- $234.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Meridian, MS
- Founding
- 09/1952
- Data as of
- 05/2022
- EIN
- 64-0511323
Organization Overview
Meridian Little Theater is located in Meridian, MS. The organization was established in 1952. 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. Meridian Little Theater 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 05/2022, Meridian Little Theater generated $234.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $238.0k during the year ending 05/2022. While expenses have increased by 0.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY THEATER
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAMS SERVICE ACTIVITIES INCLUDE THE OPERATION OF A COMMUNITY THEATRE THAT PRODUCES FOUR REGULAR PRODUCTIONS AS WELL AS ONE YOUTH PRODUCTION EVERY YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Hutcheson Executive Business Mgr | Officer | 40 | $35,200 |
Sidney A Covington President | Officer | 0 | $0 |
Ric Alexander Treasurer | Officer | 0 | $0 |
Frank Coleman Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,013 |
| Related organizations | $0 |
| Government grants | $11,163 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,463 |
| Total Program Service Revenue | $149,086 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,555 |
| 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. | $35,200 |
| Compensation of current officers, directors, key employees. | $17,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,693 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,232 |
| Office expenses | $5,614 |
| Information technology | $45 |
| Royalties | $0 |
| Occupancy | $27,763 |
| 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 | $16,937 |
| Insurance | $11,858 |
| All other expenses | $14,399 |
| Total functional expenses | $237,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,452 |
| Savings and temporary cash investments | $3,008 |
| 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 | $14,139 |
| Net Land, buildings, and equipment | $336,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $406,664 |
| Accounts payable and accrued expenses | $4,831 |
| Grants payable | $0 |
| Deferred revenue | $500 |
| 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 | $1,717 |
| Total liabilities | $7,048 |
| Net assets without donor restrictions | $399,616 |
| 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 | $406,664 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Meridian Little Theater has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Paul & Sherry Broadhead Foundation Meridian, MS PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theatre Squared Inc Fayetteville, AR | $37,817,681 | $7,945,309 |
Alabama Shakespeare Festival Inc Montgomery, AL | $8,144,651 | $3,904,984 |
Nashville Repertory Theatre Inc Nashville, TN | $1,810,998 | $3,171,319 |
International Alliance Theatrical Stage Employees & Moving Picture New Orleans, LA | $12,003,795 | $3,171,295 |
Circuit Playhouse Inc Memphis, TN | $16,830,150 | $2,686,872 |
Cumberland County Playhouse Inc Crossville, TN | $3,086,163 | $3,321,582 |
Theatre Memphis Memphis, TN | $13,282,392 | $2,960,872 |
Hattiloo Theatre Memphis, TN | $6,441,567 | $2,960,425 |
Niswonger Performing Arts Center Board Inc Greeneville, TN | $1,613,543 | $2,227,613 |
Chattanooga Theatre Centre Inc Chattanooga, TN | $3,575,751 | $1,456,466 |
Nashville Academy Theatre And Nashville Childrens Theater Ass Nashville, TN | $3,623,501 | $1,668,132 |
Studio Tenn Theatre Company Franklin, TN | $457,834 | $1,178,517 |