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Nonprofiteer
← MAGICAL THEATRE COMPANY

Form 990 for tax year 2023

Filed by MAGICAL THEATRE COMPANY.

Totals

Total revenue
$634,842
Total expenses
$652,967
Contributions and grants received
$331,538
Grants paid
$0
Program service revenue
$235,603
Investment income
$47,979
Other revenue
$19,722
Total assets, end of year
$3,140,240
Total liabilities, end of year
$54,506
Net assets or fund balances, end of year
$3,085,734
Program services expenses (Part IX)
$588,574
Management and general expenses
$64,393
Fundraising expenses
$0
Program service expenses (Part III)
$588,574

Program services were 90.1% 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.

  • 1e · Government grants (contributions)

    $22,140

  • 1f · All other contributions, gifts and grants

    $309,398

  • 2a · Program service revenue: THEATRE PRODUCTION INCOME

    total $235,603 · related or exempt $235,603

  • 3 · Investment income

    total $21,908 · excluded $21,908

  • 7a · Gross sales of assets other than inventory

    securities $38,295

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

    securities $12,224

  • 7c · Gain or loss

    securities $26,071

  • 7d · Net gain or loss

    total $26,071 · related or exempt $26,071

  • 8a · Fundraising events: gross income

    $33,612

  • 8b · Fundraising events: direct expenses

    $13,890

  • 8c · Net income from fundraising events

    total $19,722

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $38,087 · program services $21,635 · management and general $16,452

  • 8 · Pension plan contributions

    total $3,347 · program services $3,012 · management and general $335

  • 9 · Other employee benefits

    total $17,231 · program services $15,508 · management and general $1,723

  • 10 · Payroll taxes

    total $12,653 · program services $11,313 · management and general $1,340

  • 11a · Fees: management

    total $5,227 · management and general $5,227

  • 11c · Fees: accounting

    total $4,200 · management and general $4,200

  • 11g · Fees: other

    total $2,089 · management and general $2,089

  • 13 · Office expenses

    total $24,479 · management and general $24,479

  • 16 · Occupancy

    total $45,407 · program services $40,866 · management and general $4,541

  • 22 · Depreciation, depletion and amortization

    total $60,668 · program services $60,668

  • 23 · Insurance

    total $18,982 · program services $18,982

  • 24a · Other expenses: PRODUCTION EPENSES

    total $414,687 · program services $414,687

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $2,758 · management and general $2,758

  • 24c · Other expenses: CAST & VOLUNTEER EXPENSE

    total $1,903 · program services $1,903

  • 24d · Other expenses: OTHER EXPENSES

    total $1,249 · management and general $1,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $870,008 · end of year $207,127

  • 2 · Savings and temporary cash investments

    beginning of year $295,937 · end of year $907,264

  • 4 · Accounts receivable

    beginning of year $12,739 · end of year $11,755

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,209 · end of year $25,261

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

    $2,218,853

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

    $622,503

  • 10c · Land, buildings and equipment, net

    beginning of year $1,599,530 · end of year $1,596,350

  • 11 · Investments: publicly traded securities

    beginning of year $352,404 · end of year $392,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,804 · end of year $2,506

  • 19 · Deferred revenue

    beginning of year $59,817 · end of year $52,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,095,206 · end of year $3,085,734

Mission and programs · 2023

Mission

EDUCATION. THE THEATRE IS A NOT-FOR-PROFIT, RESIDENT AND TOURING EDUCATIONAL AND ENTERTAINMENT RESOURCE FOR YOUNG AUDIENCES AND FAMILIES. WE PROVIDE ENHANCED LEARNING, GROWTH, AND CIVIC OPPORTNITIES.

  • LIVE THEATRE ENTERTAINMENT

    Expenses $588,574 · Revenue $264,079

As filed on the 2023 return.

Listed in Part VII

  • Martha Bidlingmyer

    BD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Ondrus

    BD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Louis Sukie

    BD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donald Baker

    SECRETARY- T

    Total calculated
    $0
    Hours/week
    2

  • Catherine Bulgrin

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Timothy Papp

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

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
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202530539349300203

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