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Nonprofiteer
← STATE THEATER COMPANY

Form 990 for tax year 2023

Filed by STATE THEATER COMPANY.

Totals

Total revenue
$179,853
Total expenses
$79,314
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$241
Other revenue
$179,612
Total assets, end of year
$2,947,213
Total liabilities, end of year
$3,734
Net assets or fund balances, end of year
$2,943,479
Program services expenses (Part IX)
$79,314
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$79,314

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $241 · excluded $241

  • 10a · Gross sales of inventory

    $216,537

  • 10b · Cost of goods sold

    $36,925

  • 10c · Net income from sales of inventory

    total $179,612 · related or exempt $179,612

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $68,777 · program services $68,777

  • 24a · Other expenses: CREDIT CARD FEES

    total $10,050 · program services $10,050

  • 24b · Other expenses: BANK FEES

    total $487 · program services $487

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,881 · end of year $26,991

  • 2 · Savings and temporary cash investments

    beginning of year $5,606 · end of year $5,847

  • 8 · Inventories for sale or use

    beginning of year $4,710 · end of year $3,332

  • 10a · Land, buildings and equipment: cost or other basis

    $2,668,132

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,729,816

  • 10c · Land, buildings and equipment, net

    beginning of year $1,007,092 · end of year $938,316

  • 15 · Other assets

    beginning of year $1,803,296 · end of year $1,972,727

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,645 · end of year $3,734

  • 27 · Net assets without donor restrictions

    beginning of year $2,837,337 · end of year $2,937,876

  • 28 · Net assets with donor restrictions

    beginning of year $5,603 · end of year $5,603

Mission and programs · 2023

Mission

WE'RE HERE TO INSPIRE GENERATIONS. WE CONNECT PEOPLE AND STRENGTHEN COMMUNITY BY SHOWCASING UNFORGETTABLE PERFORMANCES ACROSS GENRES, PROVIDING LIFE-CHANGING ARTS EDUCATION PROGRAMS, AND DREAMING UP MAGICAL EXPERIENCES IN ICONIC VENUES THAT ANCHOR AND DEFINE DOWNTOWN AUSTIN.

  • THE STATESIDE THEATRE, CONSTRUCTED IN 1935 AS AUSTIN'S FIRST VENUE BUILT SPECIFICALLY TO SHOW MOTION PICTURES, IS AN UNDERSTATED BUT ESSENTIAL PIECE OF AUSTIN HISTORY AND THE AUSTIN THEATRE ALLIANCE'S CURRENT ROLE IN THE LOCAL ARTS COMMUNITY. IT WAS LAST RENOVATED IN THE 1980S AND HAS A MAXIMUM OCCUPANCY OF 310. THE STATESIDE THEATRE PROVIDES AN INTIMATE, ACCESSIBLE SPACE FOR LOCAL ARTS ORGANIZATIONS TO RENT, UP-AND-COMING MUSICIANS TO LAUNCH INTO LARGER MARKETS, AND FOR THE ORGANIZATION TO HOST COMMUNITY EVENTS AND TRY NEW, INNOVATIVE IDEAS. LIKE THE PARAMOUNT, THE STATESIDE THEATRE ALSO SUPPORTS THE MANY PROGRAMS OF THE AUSTIN THEATRE ALLIANCE INCLUDING THE PARAMOUNT EDUCATION PROGRAMS, THE MOONTOWER JUST FOR LAUGHS COMEDY FESTIVAL, THE SUMMER CLASSIC FILM SERIES, AND COMMUNITY ACCESS PROGRAMS; HOSTS WORLD PREMIERES OF SXSW, AUSTIN FILM FESTIVAL, AND BEYOND; AND WORKS WITH EXPERTS TO ENSURE THE CAREFUL PRESERVATION OF AUSTIN HISTORY.

    Expenses $79,314 · Revenue $179,612

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Grace Renbarger

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • H James Ritts III

    SECRETARY/CEO

    Total calculated
    $390,295
    From this org
    $0
    From related orgs
    $380,631
    Other
    $9,664
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,558 related
    Bonus
    $0 + $71,073 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,664 related
    Filer's total
    $0 + $390,295 related

  • Hal Katz

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sandra Hill

    CHIEF FINANCIAL OFFICER

    Total calculated
    $204,796
    From this org
    $0
    From related orgs
    $195,119
    Other
    $9,677
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,619 related
    Bonus
    $0 + $16,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,677 related
    Filer's total
    $0 + $204,796 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
PROCESS USED BY RELATED ORGANIZATION TO ESTABLISH THE COMPENSATION OF THE RELATED ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: THE PRESIDENT OF THE AUSTIN THEATRE ALLIANCE (ATA) BOARD AND ITS EXECUTIVE COMMITTEE REVIEW EVALUATIONS COMPLETED BY THE BOARD MEMBERS AND KEY MANAGEMENT PRIOR TO MAKING RECOMMENDATIONS THAT ARE SUBJECT TO APPROVAL BY THE FULL ATA BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202502279349302400

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