League Of Resident Theatres Inc
- Assets
- $644.8k
- Revenue
- $535.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 01/2017
- Data as of
- 06/2021
- EIN
- 81-4041249
Organization Overview
League Of Resident Theatres Inc is located in Providence, RI. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. League Of Resident Theatres Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, League Of Resident Theatres Inc generated $535.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $423.1k during the year ending 06/2021. 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
TO PROMOTE THE COMMON INTEREST OF PROFESSIONAL NON-PROFIT RESIDENT THEATERS AND IMPROVE BUSINESS CONDITIONS FOR PROFESSIONAL NON-PROFIT RESIDENT THEATERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIVE BARGAINING AGREEMENTS WITH THREE NATIONAL ARTIST UNIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Siegel President | OfficerTrustee | 5 | $0 |
Debby Buchholz Vice President | OfficerTrustee | 1 | $0 |
Tom Parrish Treasurer | OfficerTrustee | 5 | $0 |
Rebecca Hopkins Secretary | OfficerTrustee | 1 | $0 |
Maggie Boland Vice President | OfficerTrustee | 1 | $0 |
Marissa Larose Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glick & Weintraub Pc Legal Services | 6/29/21 | $263,515 |
Stephanie Grassi Esq Pc Legal Services | 6/29/21 | $192,002 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,100 |
| Investment income | $832 |
| 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 | $535,432 |
| Statement of Expenses | |
|---|---|
| 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 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 | $68,196 |
| Fees for services: Legal | $321,800 |
| 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 | $0 |
| Office expenses | $11,390 |
| Information technology | $1,715 |
| Royalties | $0 |
| Occupancy | $14,742 |
| Travel | $443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,923 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,927 |
| All other expenses | $0 |
| Total functional expenses | $423,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,876 |
| Savings and temporary cash investments | $570,885 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $644,761 |
| Accounts payable and accrued expenses | $2,416 |
| Grants payable | $0 |
| Deferred revenue | $28,843 |
| 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 | $31,259 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $613,502 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that League Of Resident Theatres Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Block-Leavitt Foundation Seattle, WA PURPOSE: TO SUPPORT PUBLIC THEATRE. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Warren Alpert Foundation Providence, RI | $0 | $34,230,713 |
Rhode Island Automobile Insurance Plan Johnston, RI | $25,251,183 | $13,070,810 |
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |
Downtown Boston Business Improvement District Corporation Boston, MA | $4,039,139 | $7,235,337 |
Greater Boston Chamber Of Commerce Boston, MA | $11,076,057 | $7,257,999 |
Better Business Bureau Inc Marlborough, MA | $5,408,175 | $6,008,226 |
Two Ten Footwear Foundation Inc Waltham, MA | $38,171,628 | $5,812,562 |