Form 990 for tax year 2022
Filed by CEDAR FALLS COMMUNITY THEATRE INC.
Totals
- Total revenue
- $250,340
- Total expenses
- $378,254
- Contributions and grants received
- $74,690
- Grants paid
- $0
- Program service revenue
- $151,838
- Investment income
- $5,160
- Other revenue
- $18,652
- Total assets, end of year
- $849,110
- Total liabilities, end of year
- $46,640
- Net assets or fund balances, end of year
- $802,470
- Program services expenses (Part IX)
- $143,993
- Management and general expenses
- $227,785
- Fundraising expenses
- $6,476
- Program service expenses (Part III)
- $143,993
Program services were 38.1% 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.
-
1b · Membership dues
$61,355
-
1f · All other contributions, gifts and grants
$13,335
-
2a · Program service revenue: TICKET SALES
total $136,013 · related or exempt $136,013
-
2b · Program service revenue: PROGRAM ADV INCOME
total $9,725 · related or exempt $9,725
-
2c · Program service revenue: SPONSOR INCOME
total $6,100 · related or exempt $6,100
-
3 · Investment income
total $4,388 · related or exempt $4,388
-
7a · Gross sales of assets other than inventory
securities $34,214
-
7b · Less cost or other basis and sales expenses
securities $33,442
-
7c · Gain or loss
securities $772
-
7d · Net gain or loss
total $772 · related or exempt $772
-
10a · Gross sales of inventory
$5,460
-
10b · Cost of goods sold
$3,698
-
10c · Net income from sales of inventory
total $1,762 · excluded $1,762
-
11a · Other revenue: THEATRE RENTAL
total $12,565 · related or exempt $12,565
-
11b · Other revenue: GOLF OUTING INCOME
total $4,325 · related or exempt $4,325
-
11e · Other revenue, total
$16,890
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $96,696 · management and general $96,696
-
10 · Payroll taxes
total $7,397 · management and general $7,397
-
11c · Fees: accounting
total $1,666 · management and general $1,666
-
11e · Fees: professional fundraising services
total $6,476 · fundraising $6,476
-
11f · Fees: investment management
total $3,895 · management and general $3,895
-
12 · Advertising and promotion
total $1,826 · program services $1,826
-
13 · Office expenses
total $25,403 · program services $21,413 · management and general $3,990
-
16 · Occupancy
total $36,188 · program services $11,893 · management and general $24,295
-
20 · Interest
total $2,826 · management and general $2,826
-
22 · Depreciation, depletion and amortization
total $64,343 · program services $33,360 · management and general $30,983
-
23 · Insurance
total $18,529 · management and general $18,529
-
24a · Other expenses: CONTRACT LABOR
total $23,115 · program services $23,115
-
24b · Other expenses: SPECIAL EVENT EXPENSES
total $21,719 · program services $21,719
-
24c · Other expenses: REPAIR & MAINTENANCE
total $20,168 · management and general $20,168
-
24d · Other expenses: ROYALTIES & SCRIPTS
total $17,439 · program services $17,439
-
24e · All other expenses
total $30,568 · program services $13,228 · management and general $17,340
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $163,325 · end of year $81,690
-
4 · Accounts receivable
end of year $1,500
-
10a · Land, buildings and equipment: cost or other basis
$1,817,570
-
10b · Land, buildings and equipment: accumulated depreciation
$1,254,287
-
10c · Land, buildings and equipment, net
beginning of year $627,627 · end of year $563,283
-
11 · Investments: publicly traded securities
beginning of year $200,872 · end of year $202,637
-
17 · Accounts payable and accrued expenses
beginning of year $2,590 · end of year $3,853
-
18 · Grants payable
beginning of year $5,000
-
23 · Secured mortgages and notes payable
beginning of year $53,850 · end of year $42,787
-
31 · Retained earnings, endowment or other funds
beginning of year $930,384 · end of year $802,470
Mission and programs · 2022
Mission
TO SHOWCASE COMMUNITY-BASED PERFORMING ARTS IN CEDAR FALLS, IOWA.
-
THE ORGANIZATION'S MAIN EXEMPT PURPOSE IS THE PRESENTATION OF LIVE THEATRICAL PERFORMANCES IN THE COMMUNITY. THE MISSION OF THE CEDAR FALLS COMMUNITY THEATRE IS TO BE A SHOWCASE FOR THE PERFORMING ARTS IN THE CITY, TO ENHANCE THE CULTURAL AND ECONOMIC DEVELOPMENT OF THE CITY, AND TO BE A PART OF ITS HISTORICAL PRESERVATION. NORMALLY, FOUR FULL-SCALE PRODUCTIONS AND OTHER SMALLER PERFORMANCES TAKE PLACE EACH YEAR. CEDAR FALLS COMMUNITY THEATRE, INC. PROMOTES FULL UTILIZATION OF THE BUILDING SPACE AND SERVICES TO GENERATE REVENUE TO COVER THE EXPENSES OF THE BUILDING AND THE PROGRAM. IN A NORMAL YEAR, OVER 25,000 PEOPLE WILL VISIT OSTER REGENT PRODUCTIONS, TRAVELING TOURS, RECEPTIONS, CLASSES, AND OTHER MISCELLANEOUS EVENTS.
Expenses $143,993 · Revenue $151,838
As filed on the 2022 return.
Listed in Part VII
-
BLAKE CONOVER
VICE PRESIDE
- Total calculated
- $0
-
MARNELL LYLE
DIRECTOR
- Total calculated
- $0
-
DAN LYNCH
TREASURER
- Total calculated
- $0
-
PAT LYONS
DIRECTOR
- Total calculated
- $0
-
MEGHAN MCELENEY
PRESIDENT
- Total calculated
- $0
-
LEE NICHOLAS
DIRECTOR
- Total calculated
- $0
-
LIANE NICHOLS
DIRECTOR
- Total calculated
- $0
-
MICHELLE RATHE
DIRECTOR
- Total calculated
- $0
-
KRISTIN TIEG TORRES
SECRETARY
- Total calculated
- $0
-
GRANT TRACEY
DIRECTOR
- Total calculated
- $0
-
DAN WATERBURY
DIRECTOR
- Total calculated
- $0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332239349301138
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