Billings Studio Theatre Inc
- Assets
- $1.7m
- Revenue
- $387.8k
- Investments
- $644.5k
- Employees
- 20
- Location
- Billings, MT
- Founding
- 12/1966
- Data as of
- 06/2022
- EIN
- 81-0293924
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.
Form
990T
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) | Role | Hours | Compensation |
|---|---|---|---|
Albert J Kalanick Executive Director | Officer | 40 | $74,080 |
Bryan Lippman President | OfficerTrustee | 1 | $0 |
Jim Mcrae Past President | OfficerTrustee | 1 | $0 |
Mycale Krohne Treasurer | OfficerTrustee | 1 | $0 |
Alisha Buck Secretary | OfficerTrustee | 1 | $0 |
Susannah Bush Vice President | OfficerTrustee | 1 | $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 |
| 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. | $73,645 |
| Compensation of current officers, directors, key employees. | $13,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,227 |
| Pension plan accruals and contributions | $9,599 |
| Other employee benefits | $46,994 |
| Payroll taxes | $17,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,062 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $19,735 |
| Occupancy | $15,732 |
| Travel | $1,549 |
| 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 | $14,688 |
| All other expenses | $28,452 |
| Total functional expenses | $488,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $961 |
| Savings and temporary cash investments | $91,138 |
| 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 | $22,627 |
| Net Land, buildings, and equipment | $867,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $644,538 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,671 |
| Total assets | $1,688,270 |
| Accounts payable and accrued expenses | $2,224 |
| Grants payable | $0 |
| Deferred revenue | $172,407 |
| 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 | $174,631 |
| Net assets without donor restrictions | $1,397,665 |
| Net assets with donor restrictions | $115,974 |
| 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 | $1,688,270 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Billings Studio Theatre Inc has recieved totaling $24,108.
| Awarding Organization | Amount |
|---|---|
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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mct Inc Missoula, MT | $5,451,347 | $4,816,315 |
Idaho Shakespeare Festival Inc Boise, ID | $8,329,786 | $2,964,259 |
Northern Prairie Performing Arts Fargo, ND | $4,316,249 | $3,798,008 |
Boise Contemporary Theater Inc Boise, ID | $1,894,253 | $1,029,010 |
Black Hills Playhouse Inc Rapid City, SD | $2,223,287 | $1,467,369 |
Alpine Theatre Project Inc Whitefish, MT | $92,577 | $848,953 |
Broadwater Productions Inc Helena, MT | $1,314,626 | $1,165,459 |
Sioux Falls State Theatre Company Sioux Falls, SD | $8,341,644 | $690,412 |
Sioux Empire Community Theatre Inc Sioux Falls, SD | $574,330 | $741,311 |
Montana Theatreworks Inc Bozeman, MT | $2,588,570 | $1,183,998 |
Alberta Bair Theater Corporation Billings, MT | $18,498,510 | $1,893,054 |
Off Square Theatre Company Jackson, WY | $301,646 | $526,987 |