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Nonprofiteer
← CEDAR FALLS COMMUNITY THEATRE INC

Form 990 for tax year 2024

Filed by CEDAR FALLS COMMUNITY THEATRE INC.

Totals

Total revenue
$510,517
Total expenses
$537,301
Contributions and grants received
$207,458
Grants paid
$0
Program service revenue
$243,587
Investment income
$17,258
Other revenue
$42,214
Total assets, end of year
$731,219
Total liabilities, end of year
$41,752
Net assets or fund balances, end of year
$689,467
Program services expenses (Part IX)
$195,133
Management and general expenses
$338,115
Fundraising expenses
$4,053
Program service expenses (Part III)
$195,133

Program services were 36.3% 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

    $42,724

  • 1f · All other contributions, gifts and grants

    $164,734

  • 2a · Program service revenue: TICKET SALES

    total $210,106 · related or exempt $210,106

  • 2b · Program service revenue: SPONSOR INCOME

    total $26,035 · related or exempt $26,035

  • 2c · Program service revenue: CLASS REVENUE

    total $7,446 · related or exempt $7,446

  • 3 · Investment income

    total $7,147 · related or exempt $7,147

  • 7a · Gross sales of assets other than inventory

    securities $51,087

  • 7b · Less cost or other basis and sales expenses

    securities $40,976

  • 7c · Gain or loss

    securities $10,111

  • 7d · Net gain or loss

    total $10,111 · related or exempt $10,111

  • 10a · Gross sales of inventory

    $28,350

  • 10b · Cost of goods sold

    $10,577

  • 10c · Net income from sales of inventory

    total $17,773 · excluded $17,773

  • 11a · Other revenue: THEATRE RENTAL

    total $16,134 · related or exempt $16,134

  • 11b · Other revenue: FUNDRAISING EVENT

    total $8,307 · related or exempt $8,307

  • 11e · Other revenue, total

    $24,441

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $193,215 · management and general $193,215

  • 9 · Other employee benefits

    total $5,500 · management and general $5,500

  • 10 · Payroll taxes

    total $15,324 · management and general $15,324

  • 11c · Fees: accounting

    total $1,900 · management and general $1,900

  • 11e · Fees: professional fundraising services

    total $4,053 · fundraising $4,053

  • 11f · Fees: investment management

    total $4,149 · management and general $4,149

  • 12 · Advertising and promotion

    total $11,371 · program services $11,371

  • 13 · Office expenses

    total $19,840 · program services $19,004 · management and general $836

  • 16 · Occupancy

    total $30,928 · program services $11,254 · management and general $19,674

  • 20 · Interest

    total $1,932 · management and general $1,932

  • 22 · Depreciation, depletion and amortization

    total $62,017 · program services $31,030 · management and general $30,987

  • 23 · Insurance

    total $19,951 · management and general $19,951

  • 24a · Other expenses: PRODUCTION STIPENDS

    total $62,975 · program services $62,975

  • 24b · Other expenses: ROYALTIES & SCRIPTS

    total $26,842 · program services $26,842

  • 24c · Other expenses: REPAIR & MAINTENANCE

    total $18,612 · management and general $18,612

  • 24d · Other expenses: SUPPLIES

    total $14,951 · program services $2,905 · management and general $12,046

  • 24e · All other expenses

    total $43,741 · program services $29,752 · management and general $13,989

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,880 · end of year $14,013

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

    $1,884,595

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

    $1,383,398

  • 10c · Land, buildings and equipment, net

    beginning of year $508,584 · end of year $501,197

  • 11 · Investments: publicly traded securities

    beginning of year $202,899 · end of year $216,009

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,380 · end of year $6,135

  • 23 · Secured mortgages and notes payable

    beginning of year $31,738 · end of year $35,617

  • 31 · Retained earnings, endowment or other funds

    beginning of year $716,245 · end of year $689,467

Mission and programs · 2024

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 $195,133 · Revenue $243,587

As filed on the 2024 return.

Listed in Part VII

  • Bethany Brooks

    DIRECTOR

    Total calculated
    $0

  • David Dein

    DIRECTOR

    Total calculated
    $0

  • Amy Hastings

    VICE PRESIDE

    Total calculated
    $0

  • Sharon Kelleher

    DIRECTOR

    Total calculated
    $0

  • Michelle Knaack

    DIRECTOR

    Total calculated
    $0

  • Marnell Lyle

    DIRECTOR

    Total calculated
    $0

  • Patrick Lyons

    PRESIDENT

    Total calculated
    $0

  • Bethany Nelson

    DIRECTOR

    Total calculated
    $0

  • Liane Nichols

    DIRECTOR

    Total calculated
    $0

  • Kristin Teig Torres

    SECRETARY

    Total calculated
    $0

  • Dan Waterbury

    TREASURER

    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
2024
Filed
12 December 2025
IRS schema version
2024v5.0
Source object
202640149349301669

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