Billings Studio Theatre Inc

Organization Overview

Billings Studio Theatre Inc is located in Billings, MT. The organization was established in 1966. 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, Billings Studio Theatre Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Studio 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, Billings Studio Theatre Inc generated $387.8k 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 (3.9%) each year. All expenses for the organization totaled $488.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP AN ACTIVE VOLUNTEER BASED COMMUNITY THEATRE PROGRAM

Describe the Organization's Program Activity:

THE ORGANIZATION IS COMMITTED TO PROVIDING THE LOCAL COMMUNITY WITH AN ANNUAL SEASON OF LIVE STAGE PRODUCTIONS, BENEFITTING THOSE COMMUNITY MEMBERS WHO PARTICIPATE IN STAGING THE PLAYS, AS WELL AS THOSE WHO ATTEND THE PERFORMANCES. THIS SEASON THE ORGANIZATION PRODUCED AND PERFORMED 8 DIFFERENT PRODUCTIONS, AND A SUMMER CAMP. THE ONGOING COVID-19 PANDEMIC WAS STILL IMPACTING THE ABILITY TO PUT ON ADDITIONAL PRODUCTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Albert J Kalanick
Executive Director
$74,080
Jim Mcrae
Past President
$0
Mycale Krohne
Treasurer
$0
Bryan Lippman
President
$0
Susannah Bush
Vice President
$0
Alisha Buck
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$168,341
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$168,341
Total Program Service Revenue$186,877
Investment income $106
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,252
Net Income from Fundraising Events $14,928
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,647
Miscellaneous Revenue$0
Total Revenue $387,811

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Billings Studio Theatre Inc has recieved totaling $24,108.

Awarding OrganizationAmount
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$9,268
Montana Community Foundation Inc

Helena, MT

PURPOSE: 2021 ANNUAL DISTRIBUTION

$5,633
Melvin Pete And Lois Hoiness Foundation

Spokane, WA

PURPOSE: PHILANTHROPIC PURPOSES

$5,000
Mary Alice Fortin Foundation For Youth Enrichment

Billings, MT

PURPOSE: SPONSORSHIP OF THE YOUTH SUMMER THEATRE CAMP.

$2,000
Dan And Jeanne Scott Family Foundation

Billings, MT

PURPOSE: OPERATING SUPPORT

$1,000
Royal And Norma Johnson Charitable Foundation

Billings, MT

PURPOSE: FURTHER EXEMPT PURPOSE

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$257,697
Earnings$2,918
Admin Expense$4,166
Net Contributions$14,428
Other Expense$5,633
Ending Balance$265,244

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