Totals
- Total revenue
- $1,631,505
- Total expenses
- $1,672,834
- Contributions and grants received
- $288,538
- Grants paid
- $0
- Program service revenue
- $1,146,107
- Investment income
- $2,810
- Other revenue
- $194,050
- Total assets, end of year
- $6,039,470
- Total liabilities, end of year
- $2,740,612
- Net assets or fund balances, end of year
- $3,298,858
- Program services expenses (Part IX)
- $1,356,320
- Management and general expenses
- $204,302
- Fundraising expenses
- $112,212
- Program service expenses (Part III)
- $1,356,320
Program services were 81.1% 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.
-
1c · Fundraising events
$43,254
-
1f · All other contributions, gifts and grants
$245,284
-
2a · Program service revenue: THEATRE PERFORMANCES
total $746,755 · related or exempt $746,755
-
2b · Program service revenue: FACILITY RENTAL & FEES
total $353,148 · related or exempt $353,148
-
2c · Program service revenue: EDUCATION PROGRAM FEES
total $46,204 · related or exempt $46,204
-
3 · Investment income
total $2,810 · excluded $2,810
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$43,254
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
10a · Gross sales of inventory
$315,491
-
10b · Cost of goods sold
$121,441
-
10c · Net income from sales of inventory
total $194,050 · excluded $194,050
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $531,135 · program services $366,483 · management and general $116,850 · fundraising $47,802
-
11c · Fees: accounting
total $10,859 · program services $2,715 · management and general $5,430 · fundraising $2,714
-
11g · Fees: other
total $44,834 · program services $22,417 · management and general $17,934 · fundraising $4,483
-
13 · Office expenses
total $6,552 · program services $3,276 · management and general $3,276
-
17 · Travel
total $4,067 · program services $1,016 · management and general $1,017 · fundraising $2,034
-
20 · Interest
total $5,469 · program services $5,469
-
22 · Depreciation, depletion and amortization
total $186,750 · program services $149,400 · management and general $18,675 · fundraising $18,675
-
23 · Insurance
total $34,331 · program services $23,688 · management and general $7,553 · fundraising $3,090
-
24a · Other expenses: PERFORMER FEES
total $278,268 · program services $278,268
-
24b · Other expenses: RENT
total $152,056 · program services $121,644 · management and general $15,206 · fundraising $15,206
-
24c · Other expenses: MOVIE AND PLAY LICENSIN
total $65,827 · program services $65,827
-
24d · Other expenses: TICKET FEES
total $63,250 · program services $63,250
-
24e · All other expenses
total $289,436 · program services $252,867 · management and general $18,361 · fundraising $18,208
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $658,179 · end of year $307,809
-
3 · Pledges and grants receivable
beginning of year $22,016 · end of year $15,662
-
4 · Accounts receivable
beginning of year $86,349 · end of year $29,458
-
8 · Inventories for sale or use
beginning of year $41,338 · end of year $41,338
-
9 · Prepaid expenses and deferred charges
beginning of year $37,565 · end of year $7,447
-
10a · Land, buildings and equipment: cost or other basis
$5,687,823
-
10b · Land, buildings and equipment: accumulated depreciation
$2,220,606
-
10c · Land, buildings and equipment, net
beginning of year $3,598,322 · end of year $3,467,217
-
12 · Investments: other securities
beginning of year $410,000 · end of year $856,559
-
15 · Other assets
beginning of year $31,750 · end of year $1,313,980
-
17 · Accounts payable and accrued expenses
beginning of year $51,758 · end of year $31,729
-
19 · Deferred revenue
beginning of year $101,784 · end of year $55,877
-
25 · Other liabilities
beginning of year $1,338,349 · end of year $2,653,006
-
27 · Net assets without donor restrictions
beginning of year $3,368,628 · end of year $3,292,358
-
28 · Net assets with donor restrictions
beginning of year $25,000 · end of year $6,500
Mission and programs · 2022
Mission
THE MISSION OF THE EARL AND RACHEL SMITH STRAND THEATRE IS TO: PARTNER AND SERVE, ENTERTAIN AND EDUCATE, PRESERVE AND PROMOTE. SEE SCHEDULE O, PART 1, LINE 1 FOR ADDITIONAL DETAILS.
Activities or mission (Part I)
THE MISSION OF THE EARL AND RACHAEL SMITH STRAND THEATRE IS TO:-PARTNER AND SERVE BY PROVIDING CULTURAL ENTERTAINMENT, PROGRAMS, AND MEETING SPACE THAT IS ACCESSIBLE TO A DIVERSE AUDIENCE, BENEFITS THE COMMUNITY, AND PROMOTES ECONOMIC DEVELOPMENT.-ENTERTAIN AND EDUCATE BY OFFERING A UNIQUE VENUE THAT PROVIDES HIGH QUALITY AND A VARIETY OF PERFORMING ARTS, FILMS, EDUCATION PROGRAMS AND SPECIAL EVENTS.-PRESERVE AND PROMOTE BY REMAINING FINANCIALLY SOUND WITH TICKET SALES, SPACE RENTAL, AND SUPPORT FROM PRIVATE AND BUSINESS DONORS.
-
AS THE LAST REMAINING HISTORIC THEATRE IN COBB COUNTY, THE STRAND IS A LANDMARK STEEPED IN HISTORY ON THE MARIETTA SQUARE. ORIGINALLY BUILT IN 1935 BY THE MANNING-WINKS THEATRE COMPANY AS AN ART DECO MOVIE PALACE. IT IS CURRENTLY THE HOME OF THE EARL AND RACHEL SMITH STRAND THEATRE, A NONPROFIT ARTS ORGANIZATION THAT LIGHTS UP THE SQUARE WITH FILMS, CONCERTS, MUSICALS, PLAYS, EDUCATIONAL PROGRAMMING, AND COMMUNITY GATHERINGS. WHETHER PATRONS ARE INTERESTED IN STEPPING BACK IN TIME TO GLIMPSE A BYGONE ERA OR LOOKING FORWARD TO SEEING CURRENT ACTS OF TODAY, THE STRAND FILLS A CRITICAL NICHE IN THE LOCAL CULTURAL LANDSCAPE OF MARIETTA. THE STRAND HOSTS A WIDE VARIETY OF ART FORMS AND COMMUNITY GATHERINGS AND PROVIDES A HISTORIC HOME FOR ARTS LOVERS TO COME TOGETHER AS A COMMUNITY.
Expenses $736,978 · Revenue $1,097,158
-
THE ORGANIZATION IS DEDICATED TO THE RESTORATION AND OPERATION OF THE LAST REMAINING HISTORIC THEATRE IN COBB COUNTY. BY THE EARLY 2000S, THE LANDMARK HAD FALLEN INTO SERIOUS DISREPAIR. A GROUP OF CONCERNED CIVIC LEADERS LAUNCHED INTO ACTION TO RE-OPEN THE THEATRE IN 2008 AND RESTORED IT TO ITS FORMER SPLENDOR. THE THEATRE'S PHYSICAL ASSETS RANGING FROM THE RESTORED LUMIERE LOUNGE TO THE OPEN-AIR ROOFTOP TERRACE ARE ALL ESSENTIAL PIECES OF THE BUSINESS MODEL NOT DIRECTLY ASSOCIATED WITH PERFORMANCES.
Expenses $602,982 · Revenue $11,140
-
THE ORGANIZATION IS DEDICATED TO SERVING THE COMMUNITY'S NEED AND GROWING DEMAND FOR HIGH-QUALITY ARTS PROGRAMMING AND EDUCATION. THE ORGANIZATION DEVELOPS PROGRAMS TO INTRODUCE AND GARNER A LOVE FOR THE ARTS IN THE YOUNG COMMUNITY MEMBERS AND STUDENTS. THIS IS ACCOMPLISHED THROUGH PERFORMING ARTS CAMPS, WORKSHOPS AND PRODUCTIONS SPECIFICALLY FOR AND IN MANY CASES PERFORMED BY STUDENTS AND YOUTH.
Expenses $16,360 · Revenue $37,809
As filed on the 2022 return.
Listed in Part VII
-
Kim GreshKIM GRESH
CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Ron CarterRON CARTER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ralph KnightRALPH KNIGHT
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Alyssa BlanchardALYSSA BLANCHARD
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Debbie AbernathyDEBBIE ABERNATHY
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Cassandra BuckalewCASSANDRA BUCKALEW
FACILITIES CHAIR
- Total calculated
- $0
- Hours/week
- 3.5
-
Wendy BunchWENDY BUNCH
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jay CunninghamJAY CUNNINGHAM
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Karen HallacyKAREN HALLACY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Carol Ann King MassihCAROL ANN KING MASSIH
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Becky PadenBECKY PADEN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Arnold HuffmanARNOLD HUFFMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stan WiseSTAN WISE
DEVELOPMENT CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Mazi MazloomMAZI MAZLOOM
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth ManningELIZABETH MANNING
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stewart CampbellSTEWART CAMPBELL
LIASON TO BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Stephen ImlerSTEPHEN IMLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Tracy Rathbone StyfTRACY RATHBONE STYF
STRATEGIC PLANNING CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Karen LockhartKAREN LOCKHART
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Holly Comer TuchmanHOLLY COMER TUCHMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Terri Bunten GuthrieTERRI BUNTEN GUTHRIE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Dana JohnsonDANA JOHNSON
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
The Honorable Sam OlensTHE HONORABLE SAM OLENS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
David PerssonDAVID PERSSON
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michele SwannMICHELE SWANN
NOMINATING CHAIR
- Total calculated
- $0
- Hours/week
- 3.5
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
- 3 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312769349301231
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