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Nonprofiteer
← DOWNTOWN ARTS THEATER INC

Form 990 for tax year 2024

Filed by DOWNTOWN ARTS THEATER INC.

Totals

Total revenue
$1,479,571
Total expenses
$209,993
Contributions and grants received
$1,444,780
Grants paid
$0
Program service revenue
$0
Investment income
$28,134
Other revenue
$6,657
Total assets, end of year
$2,896,556
Total liabilities, end of year
$249,124
Net assets or fund balances, end of year
$2,647,432
Program services expenses (Part IX)
$167,738
Management and general expenses
$42,255
Fundraising expenses
$0
Program service expenses (Part III)
$167,738

Program services were 79.9% 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.

  • 1e · Government grants (contributions)

    $30,000

  • 1f · All other contributions, gifts and grants

    $1,414,780

  • 1g · Noncash contributions included above

    $1,664

  • 3 · Investment income

    total $28,134 · excluded $28,134

  • 8a · Fundraising events: gross income

    $7,871

  • 8b · Fundraising events: direct expenses

    $2,847

  • 8c · Net income from fundraising events

    total $5,024 · excluded $5,024

  • 11a · Other revenue: MISCELLANEOUS

    total $1,633 · related or exempt $1,633

  • 11e · Other revenue, total

    $1,633

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $103,039 · program services $103,039

  • 7 · Other salaries and wages

    total $9,332 · program services $9,332

  • 9 · Other employee benefits

    total $12,403 · program services $12,403

  • 10 · Payroll taxes

    total $10,562 · program services $10,562

  • 11c · Fees: accounting

    total $9,054 · management and general $9,054

  • 11f · Fees: investment management

    total $6,439 · management and general $6,439

  • 11g · Fees: other

    total $19,592 · program services $19,500 · management and general $92

  • 12 · Advertising and promotion

    total $1,795 · program services $1,795

  • 13 · Office expenses

    total $833 · management and general $833

  • 14 · Information technology

    total $1,779 · management and general $1,779

  • 16 · Occupancy

    total $21,583 · management and general $21,583

  • 17 · Travel

    total $259 · management and general $259

  • 22 · Depreciation, depletion and amortization

    total $11,107 · program services $11,107

  • 24a · Other expenses: MAINTENANCE AND REPAIRS

    total $369 · management and general $369

  • 24b · Other expenses: MEMBERSHIP FEES DUES AND S

    total $825 · management and general $825

  • 24c · Other expenses: POSTAGE AND PRINTING

    total $1,022 · management and general $1,022

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $928,217 · end of year $906,145

  • 9 · Prepaid expenses and deferred charges

    end of year $3,799

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

    $2,026,303

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

    $39,691

  • 10c · Land, buildings and equipment, net

    beginning of year $501,066 · end of year $1,986,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,429

  • 22 · Loans and payables to officers and key people

    beginning of year $25,000 · end of year $25,000

  • 23 · Secured mortgages and notes payable

    end of year $206,079

  • 24 · Unsecured notes and loans payable

    beginning of year $25,000 · end of year $25,000

  • 25 · Other liabilities

    end of year -$6,955

  • 27 · Net assets without donor restrictions

    beginning of year $447,748 · end of year $845,232

  • 28 · Net assets with donor restrictions

    beginning of year $930,106 · end of year $1,802,200

Mission and programs · 2024

Mission

THROUGHOUT 2024, THE ORGANIZATION ENGAGED IN RENOVATING AND RESTORING A STATE-OF-THE ART VENUE FOR HOSTING MOVIES AND LIVE EVENTS. WE HOPE THIS VENUE CONTRIBUTES TO THE ECONOMIC AND CULTURAL DEVELOPMENT OF DOWNTOWN WOOSTER, WAYNE COUNTY, AND FUTURE LOCAL ARTS PARTNERSHIPS.

  • OUR MISSION IS TO ENTERTAIN, EDUCATE, AND ENRICH OUR COMMUNITY. THE ORGANIZATION ENGAGED IN RENOVATING AND RESTORING A STATE-OF-THE ART VENUE DURING 2024 FOR HOSTING MOVIES AND LIVE EVENTS. THE VENUE WILL PROVIDE FILMS AND PERFORMANCE ARTS OF CULTURAL, SOCIAL, AND HISTORICAL INTEREST, AND INSPIRE COLLABORATION WITH SCHOOLS, HIGHER EDUCATION, AND ART CENTERS TO OFFER EXPERIENCES IN THE ARTS FOR ALL OF WAYNE COUNTY WHILE ALSO CONTRIBUTING TO THE ECONOMIC DEVELOPMENT OF DOWNTOWN WOOSTER.

    Expenses $167,738

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeremy Thomas

    MANAGING DIRECTOR

    Total calculated
    $103,039
    From this org
    $85,426
    From related orgs
    $0
    Other
    $17,613
    Hours/week
    40

  • Greg Shaya

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Cameron Maneese

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Suzanne Huse

    SECRETARY

    Total calculated
    $0
    Hours/week
    6

  • Cathy Roche

    PAST TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Matthew Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Sandra Hull

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Christopher Buchanan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeff Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Laura Neill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rodney Mitchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Guinevere Steenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ron Holtman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kim Seaman

    BOARD MEMBER AND PAST VP

    Total calculated
    $0
    Hours/week
    2

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
2024
Filed
8 November 2025
IRS schema version
2024v5.2
Source object
202513139349300906

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