Creede Repertory Theatre Inc
- Assets
- $3.9m
- Revenue
- $1.0m
- Investments
- $137.4k
- Employees
- 82
- Location
- Creede, CO
- Founding
- 02/1974
- Data as of
- 10/2020
- EIN
- 84-0660026
Organization Overview
Creede Repertory Theatre Inc is located in Creede, CO. The organization was established in 1974. 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 10/2020, Creede Repertory Theatre Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creede Repertory 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 10/2020, Creede Repertory Theatre Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $999.5k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FROM ITS ROCKY MOUNTAIN ROOTS, CREEDE REPERTORY THEATRE SERVES AS AN ARTISTIC HOME TO OUR RURAL COMMUNITY AND BEYOND, THROUGH THE CREATION OF REPERTORY SEASONS, DYNAMIC EDUCATIONAL PROGRAMS, AND COMPELLING NEW WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREEDE REPERTORY THEATRE IS A CULTURAL HOME FOR ARTISTS, RESIDENTS, AND VISITORS OF THE WEST. CRT IS COMMITTED TO PRODUCING AN ANNUAL REPERTORY SEASON COMPRISED OF THE BEST OF CONTEMPORARY AND CLASSIC THEATRE FROM MAY THROUGH SEPTEMBER; DEVELOPING AN ORIGINAL YOUNG AUDIENCE OUTREACH TOUR (YAOT)TRAVELING ACROSS THE RURAL SOUTHWEST FROM SEPTEMBER THROUGH NOVEMBER; PROVIDING ENGAGING AND MEANINGFUL THEATRE EXPERIENCES AND EDUCATIONAL OPPORTUNITIES FOR LEARNERS OF ALL AGES; AND DEVELOPING AND PRODUCING NEW THEATRICAL WORKS THROUGH THE HEADWATERS NEW PLAY PROGRAM. CRT MAKES THE PERFORMING ARTS ACCESSIBLE TO THE PUBLIC THROUGH LOCAL DISCOUNTS FOR RURAL RESIDENTS AND FREE EDUCATIONAL PROGRAMMING. CRT'S EDUCATION PROGRAMS HELP TO PROMOTE A GREATER UNDERSTANDING OF THE PERFORMING ARTS THROUGH DAY CAMPS, THEATRE FOR YOUNG AUDIENCES, COMMUNITY OUTREACH EFFORTS, AND THE YOUNG AUDIENCE OUTREACH TOUR WHICH REACHED MORE THAN 35,000 STUDENTS IN SCHOOLS SPREAD ACROSS 8 STATES.
CREEDE REPERTORY THEATRE IS A CULTURAL HOME FOR ARTISTS, RESIDENTS, AND VISITORS OF THE WEST. CRT IS COMMITTED TO PRODUCING AN ANNUAL REPERTORY SEASON COMPRISED OF THE BEST OF CONTEMPORARY AND CLASSIC THEATRE FROM MAY THROUGH SEPTEMBER; DEVELOPING AN ORIGINAL YOUNG AUDIENCE OUTREACH TOUR (YAOT)TRAVELING ACROSS THE RURAL SOUTHWEST FROM SEPTEMBER THROUGH NOVEMBER; PROVIDING ENGAGING AND MEANINGFUL THEATRE EXPERIENCES AND EDUCATIONAL OPPORTUNITIES FOR LEARNERS OF ALL AGES; AND DEVELOPING AND PRODUCING NEW THEATRICAL WORKS THROUGH THE HEADWATERS NEW PLAY PROGRAM. CRT MAKES THE PERFORMING ARTS ACCESSIBLE TO THE PUBLIC THROUGH LOCAL DISCOUNTS FOR RURAL RESIDENTS AND FREE EDUCATIONAL PROGRAMMING. CRT'S EDUCATION PROGRAMS HELP TO PROMOTE A GREATER UNDERSTANDING OF THE PERFORMING ARTS THROUGH DAY CAMPS, THEATRE FOR YOUNG AUDIENCES, COMMUNITY OUTREACH EFFORTS, AND THE YOUNG AUDIENCE OUTREACH TOUR WHICH REACHED MORE THAN 35,000 STUDENTS IN SCHOOLS SPREAD ACROSS 8 STATES.
CREEDE REPERTORY THEATRE IS A CULTURAL HOME FOR ARTISTS, RESIDENTS, AND VISITORS OF THE WEST. CRT IS COMMITTED TO PRODUCING AN ANNUAL REPERTORY SEASON COMPRISED OF THE BEST OF CONTEMPORARY AND CLASSIC THEATRE FROM MAY THROUGH SEPTEMBER; DEVELOPING AN ORIGINAL YOUNG AUDIENCE OUTREACH TOUR (YAOT)TRAVELING ACROSS THE RURAL SOUTHWEST FROM SEPTEMBER THROUGH NOVEMBER; PROVIDING ENGAGING AND MEANINGFUL THEATRE EXPERIENCES AND EDUCATIONAL OPPORTUNITIES FOR LEARNERS OF ALL AGES; AND DEVELOPING AND PRODUCING NEW THEATRICAL WORKS THROUGH THE HEADWATERS NEW PLAY PROGRAM. CRT MAKES THE PERFORMING ARTS ACCESSIBLE TO THE PUBLIC THROUGH LOCAL DISCOUNTS FOR RURAL RESIDENTS AND FREE EDUCATIONAL PROGRAMMING. CRT'S EDUCATION PROGRAMS HELP TO PROMOTE A GREATER UNDERSTANDING OF THE PERFORMING ARTS THROUGH DAY CAMPS, THEATRE FOR YOUNG AUDIENCES, COMMUNITY OUTREACH EFFORTS, AND THE YOUNG AUDIENCE OUTREACH TOUR WHICH REACHED MORE THAN 35,000 STUDENTS IN SCHOOLS SPREAD ACROSS 8 STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Diantonio Producing Ar | Officer | 40 | $52,500 |
Elizabeth Zurn Lujan VP Of Financ | OfficerTrustee | 2 | $0 |
Larry Morgan VP Of Facili | OfficerTrustee | 1 | $0 |
Richard M Sloan VP Fund Deve | OfficerTrustee | 2 | $0 |
Mary Lee Pinkerton Secretary | OfficerTrustee | 2 | $0 |
Amy Krueger VP Board Dev | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $987,087 |
| Investment income | $9,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,450 |
| Net Gain/Loss on Asset Sales | $9,869 |
| Net Income from Fundraising Events | $65 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,396 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,048,273 |
| 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. | $58,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $384,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,847 |
| Payroll taxes | $53,432 |
| 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 | $19,590 |
| Fees for services: Other | $51,966 |
| Advertising and promotion | $3,481 |
| Office expenses | $12,909 |
| Information technology | $0 |
| Royalties | $10,368 |
| Occupancy | $94,430 |
| Travel | $22,740 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $178,266 |
| Insurance | $33,817 |
| All other expenses | $0 |
| Total functional expenses | $999,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,622 |
| Savings and temporary cash investments | $7,649 |
| Pledges and grants receivable | $18,798 |
| Accounts receivable, net | $1,957 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,674 |
| Prepaid expenses and deferred charges | $7,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $137,351 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,043,402 |
| Total assets | $3,879,946 |
| Accounts payable and accrued expenses | $26,418 |
| Grants payable | $0 |
| Deferred revenue | $40,776 |
| 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 | $210,200 |
| Other liabilities | $0 |
| Total liabilities | $277,394 |
| 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 | $3,602,552 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Creede Repertory Theatre Inc has recieved totaling $308,174.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $103,210 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $35,000 |
Krueger Charitable Foundation Tulsa, OK PURPOSE: OUTREACH TOUR PLAY | $30,000 |
Hoglund Foundation Dallas, TX PURPOSE: GENERAL OPERATING SUPPORT FOR COVID-RELATED SAFETY EXPENSES | $20,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: LED LIGHTS IN THE RUTH THEATRE | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $15,500 |
Endowment Analysis
| Beg. Balance | $1,187,328 |
| Earnings | $57,437 |
| Admin Expense | -$19,590 |
| Net Contributions | $14,525 |
| Other Expense | -$58,947 |
| Ending Balance | $1,180,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hale Centre Theatre Sandy, UT | $67,089,883 | $41,532,108 |
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |
Rialto Theatre Foundation Tucson, AZ | $5,053,009 | $7,645,173 |
Omaha Theater Company Omaha, NE | $9,432,355 | $7,494,980 |
Theatre Aspen Aspen, CO | $2,636,414 | $3,832,324 |
Childsplay Inc Tempe, AZ | $2,399,283 | $3,822,737 |
Abt Performing Arts Association Inc Peoria, AZ | $3,404,145 | $5,585,443 |
Lyric Theatre Of Oklahoma Inc Oklahoma City, OK | $13,499,880 | $4,030,124 |
International Alliance Theatrical Stage Employees & Moving Picture Santa Fe, NM | $2,914,386 | $3,481,191 |
Amp Concerts Albuquerque, NM | $3,001,759 | $3,001,207 |
Rocky Mountain Repertorey Theatre Grand Lake, CO | $9,762,143 | $2,216,400 |