Longmont Theatre Company
- Assets
- $582.0k
- Revenue
- $179.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Longmont, CO
- Founding
- 05/1989
- Data as of
- 06/2022
- EIN
- 84-1092371
Organization Overview
Longmont Theatre Company is located in Longmont, CO. The organization was established in 1989. 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, Longmont Theatre Company employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longmont Theatre Company 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, Longmont Theatre Company generated $179.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $226.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LONGMONT THEATRE COMPANYS MISSION IS TO PROVIDE CONSISTENTLY HIGH-QUALITY ENTERTAINMENT WITH A STRONG EDUCATIONAL COMPONENT FOR AND BY THE CITIZENS OF THE GREATER BOULDER COUNTY AREA AND TO SUCCESSFULLY MANAGE A SELF-SUFFICIENT PERFORMING ARTS CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATRICAL PRODUCTIONS - LONGMONT THEATRE COMPANY IS A 65-YEAR-OLD COMMUNITY THEATRE COMPANY OWNING AND OPERATING A PERFORMING ARTS CENTER WITH OVER 250 VOLUNTEERS THAT ANNUALLY PROVIDES LIVE THEATRICAL STAGE PRODUCTIONS, ADULT & CHILDREN WORKSHOPS, AND COMMUNITY OUTREACH PROVIDED FREE BY THE SUMMER REPERTORY THEATRE SHAKESPEARE TROUPE PERFORMING IN AREA PARKS. THEN CAME COVID-19. THE THEATRE CLOSED MARCH 2020 LOSING OVER 75% OF ITS FUNDING WITH THE CANCELLATION OF TWO PRODUCTIONS (INCLUDING THE LARGE MAY MUSICAL - THE LARGEST TICKET SELLER OF THE SEASON), CANCELLATION OF THE YOUTH THEATRE , ART CINEMA AND THE SUMMER YOUTH PROGRAM. ALL CONCESSIONS REVENUE WAS ALSO LOST. INDIVIDUAL DONATIONS HELPED THE THEATRE MAINTAIN THE BUILDING AND MEET BASIC FIXED EXPENSES. IN FISCAL YEAR JULY 1, 2021 TO JUNE 30, 2022, LTC REOPENED WITH A CHRISTMAS PRODUCTION AFTER BEING CLOSED FROM 21 MONTHS (MARCH 2020 TO NOVEMBER 2021) DUE TO COVID-19. UNFORTUNATELY, THE NEW OMICRON VARIANT FORCED ANOTHER CLOSURE AND CANCELLATION OF REHEARSALS AND THE FEBRUARY 2022 WINTER PRODUCTION. WE OPENED FOR ANOTHER SMALL SHOW BUT UNFORTUNATELY, COVID-19 AGAIN CAUSED A CLOSING OF THE FIRST WEEKEND IN THE BIGGEST THREE WEEK RUN OF THE YEAR - THE MAY MUSICAL. IN ALL, THE CLOSURES IN FY21-22 COST LTC A SIGNIFICANT LOSS IN TICKET AND CONCESSIONS REVENUE.
OTHER PERFORMING ARTS - LONGMONT THEATRE COMPANY ENHANCES AND ENCOURAGES OTHER PERFORMING ARTS FOR THE COMMUNITY, PROVIDING ART CINEMA, CONCERTS, COMEDY, AND LITERARY EVENTS IN THE 300-SEAT HISTORIC THEATRE LOCATED IN THE HEART OF DOWNTOWN LONGMONT. IN THE 2018/19 YEAR, WE HAD APPROXIMATELY 94 EVENTS/PRODUCTIONS WHICH INCLUDES THE MAIN STAGE LIVE THEATRE, SUMMER REPERTORY TROUPE AND MUSICAL ENSEMBLES, YOUTH THEATRE, CONCERTS, AND ART CINEMA. WE ALSO HAVE TWO MUSICAL ENSEMBLE GROUPS AGES 18 TO 55 AND GOLD 55PLUS - AVAILABLE FOR COMMUNITY EVENTS. AFTER COVID, WE REOPENED IN LATE 2021 AND TEMPORARILY CLOSED AGAIN DUE TO OMICRON IN EARLY 2022 AND AGAIN IN MAY OF 2022.
YOUTH THEATRE - LONGMONT THEATRE COMPANY ALSO PROVIDES AN EDUCATIONAL YOUTH THEATRE PROGRAM FOR CHILDREN AGES 5 TO 18 SERVING APPROXIMATELY 150 YOUTH EACH SUMMER. THE PROGRAM INCLUDES 8 WEEKS OF THEATRE WORKSHOPS CUMULATING IN LIVE THEATRICAL STAGE PRODUCTIONS STAGED AND ASSISTANT DIRECTED BY THE YOUNG PARTICIPANTS. THE LIVE STAGE PRODUCTIONS ARE PERFORMED FOR THE GENERAL PUBLIC. YOUTH LEARN ALL ASPECTS OF THEATRE BY PARTICIPATING AS ACTORS, STAGE MANAGERS AND ASSISTANT DIRECTORS, LIGHT AND SOUND DESIGN AND MANAGEMENT OF THE TECHNICAL BOOTH DURING LIVE PRODUCTIONS. MANY OF THESE YOUTH GO ON TO PERFORM IN THE LARGE MAIN STAGE CHRISTMAS PRODUCTION THE THEATRE PRODUCES FOR THE HOLIDAYS, AND SOME CONTINUE WITH THE THEATRE COMPANY AS ADULTS INCLUDING BECOMING MEMBERS OF THE BOARD OF DIRECTORS. DUE TO COVID-19, THE THEATRE CLOSED IN MARCH 2020, AND THE SUMMER YOUTH THEATRE WAS CANCELLED FOR THE SUMMERS OF 2020 AND 2021. WE REOPENED IN LATE 2021 AND TEMPORARILY CLOSED AGAIN DUE TO OMICRON JANUARY THROUGH MID-MARCH OF 2022 AND AGAIN IN MAY OF 2022. IN THE SUMMER OF 2022, YOUTH THEATRE REOPENED, BUT AT A VERY REDUCED LEVEL DUE TO COVID-19.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwayne Plunkett Director | Trustee | 2 | $2,710 |
Greg Schumann Treasurer | OfficerTrustee | 25 | $0 |
Faye Lamb President | OfficerTrustee | 50 | $0 |
Emma Dehner Secretary | OfficerTrustee | 10 | $0 |
Judith Ernst Vice President | OfficerTrustee | 40 | $0 |
Tanya Daugherty Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,963 |
| Total Program Service Revenue | $98,895 |
| Investment income | $1,504 |
| 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 | $179,362 |
| 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. | $7,590 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,495 |
| Fees for services: Accounting | $7,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,188 |
| Advertising and promotion | $3,381 |
| Office expenses | $10,065 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,868 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,171 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,894 |
| Insurance | $13,895 |
| All other expenses | $6,658 |
| Total functional expenses | $226,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,285 |
| Savings and temporary cash investments | $175,885 |
| 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 |
| Net Land, buildings, and equipment | $341,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,193 |
| Other assets | $33,912 |
| Total assets | $581,987 |
| Accounts payable and accrued expenses | $15,873 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $200,538 |
| Unsecured mortgages and notes payable | $133,400 |
| Other liabilities | $0 |
| Total liabilities | $349,811 |
| Net assets without donor restrictions | $188,043 |
| Net assets with donor restrictions | $44,133 |
| 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 | $581,987 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Longmont Theatre Company has recieved totaling $6,350.
| Awarding Organization | Amount |
|---|---|
Longmont Community Foundation Longmont, CO PURPOSE: PROGRAM SUPPORT | $6,350 |
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 |