Broadwater Productions Inc
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 100
- Location
- Helena, MT
- Founding
- 09/1975
- Data as of
- 06/2024
- EIN
- 81-0357843
Organization Overview
Broadwater Productions Inc is located in Helena, MT. The organization was established in 1975. 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 06/2024, Broadwater Productions Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadwater Productions 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 06/2024, Broadwater Productions Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2024. While expenses have increased by 8.1% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO BRIGHTEN HELENA, MONTANA AND ELEVATE THE HUMAN SPIRIT THROUGH LIVE THEATRE AND THEATRE EDUCATION.
Describe the Organization's Program Activity:
GRANDSTREET PRODUCES 7-8 MAINSTAGE THEATRE PRODUCTIONS ANNUALLY IN OUR HISTORIC 200-SEAT THEATRE. PRODUCTIONS RANGE FROM INTIMATE NEW PLAYS LIKE A DOLL'S HOUSE: PART II TO LARGE MUSICALS LIKE BRIGHT STAR. TWO PRODUCTIONS FEATURE STUDENTS FROM THE GRANDSTREET THEATRE SCHOOL, FOUR FEATURE COMMUNITY ACTORS, AND ONE OR TWO FEATURE A MIXED COMPANY OF COMMUNITY ACTORS, PROFESSIONAL ARTISTS FROM ACROSS THE COUNTRY, AND THEATRE SCHOOL STUDENTS.
GRANDSTREET THEATRE SCHOOL IS A NATIONALLY RECOGNIZED AFTER-SCHOOL THEATRICAL EDUCATION PROGRAM FOR STUDENTS IN 2ND GRADE THROUGH HIGH SCHOOL. STUDENTS LEARN ABOUT ALL ASPECTS OF THEATRE-MAKING IN A FUN AND RIGOROUS ENVIRONMENT. THE PROGRAM OFFERS MERIT AND NEED-BASED SCHOLARSHIPS TO STUDENTS.
GRANDSTREET SUMMER THEATRE SCHOOL CONSISTS OF ALL- AND HALF-DAY CAMPS TEACHING A RANGE OF THEATRICAL SKILLS FOR K-12 STUDENTS. CLASSES INCLUDE A TWO-WEEK-LONG SUMMER THEATRE CAMP, AN INTENSIVE ACTING CONSERVATORY FOR STUDENTS 13+, AND "THEATRE FOR SOCIAL SKILLS" FOR NEURODIVERSE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hope Morrison President | OfficerTrustee | 1 | $0 |
Kate Dramstad Vice President | OfficerTrustee | 1 | $0 |
Dr Will Snider Secretary | OfficerTrustee | 1 | $0 |
Meghan Bronec Treasurer | OfficerTrustee | 1 | $0 |
Graden Marcelle Legal Advisor | OfficerTrustee | 1 | $0 |
Alvaro Freyre Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,075 |
| Membership dues | $0 |
| Fundraising events | $68,131 |
| Related organizations | $0 |
| Government grants | $20,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,807 |
| Noncash contributions included in lines 1a–1f | $9,368 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,764 |
| Total Program Service Revenue | $873,178 |
| Investment income | $7,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,422 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,488 |
| Net Income from Gaming Activities | $9,658 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,254,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,397 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,928 |
| Compensation of current officers, directors, key employees. | $47,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $706,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,260 |
| Payroll taxes | $68,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $50,755 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $650 |
| Advertising and promotion | $46,810 |
| Office expenses | $58,809 |
| Information technology | $35,311 |
| Royalties | $23,687 |
| Occupancy | $106,119 |
| Travel | $22,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,772 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,856 |
| Insurance | $19,123 |
| All other expenses | $0 |
| Total functional expenses | $1,568,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,141 |
| Savings and temporary cash investments | $139,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,190 |
| 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 | $78,481 |
| Net Land, buildings, and equipment | $330,450 |
| Investments—publicly traded securities | $176,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,153,670 |
| Accounts payable and accrued expenses | $137,379 |
| Grants payable | $0 |
| Deferred revenue | $349,050 |
| 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 | $486,429 |
| Net assets without donor restrictions | $490,515 |
| Net assets with donor restrictions | $176,726 |
| 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 | $1,153,670 |