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Nonprofiteer
← RIVERSIDE THEATRE

Form 990 for tax year 2024

Filed by RIVERSIDE THEATRE.

Totals

Total revenue
$697,044
Total expenses
$882,037
Contributions and grants received
$401,180
Grants paid
$0
Program service revenue
$270,495
Investment income
$1,697
Other revenue
$23,672
Total assets, end of year
$553,581
Total liabilities, end of year
$225,010
Net assets or fund balances, end of year
$328,571
Program services expenses (Part IX)
$614,703
Management and general expenses
$218,111
Fundraising expenses
$49,223
Program service expenses (Part III)
$614,703

Program services were 69.7% 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

    $18,606

  • 1e · Government grants (contributions)

    $47,000

  • 1f · All other contributions, gifts and grants

    $335,574

  • 1g · Noncash contributions included above

    $15,420

  • 2a · Program service revenue: TICKET SALES/ADMISSIONS

    total $224,955 · related or exempt $224,955

  • 2b · Program service revenue: MERCHANDISE/CONCESSIONS

    total $36,964 · related or exempt $36,964

  • 2c · Program service revenue: GIFT CERTIFICATES/ OTHER FEES

    total $8,576 · related or exempt $8,576

  • 3 · Investment income

    total $1,697 · excluded $1,697

  • 8a · Fundraising events: gross income

    $29,518

  • 8a · Fundraising events: contributions included on line 1c

    $18,606

  • 8b · Fundraising events: direct expenses

    $5,846

  • 8c · Net income from fundraising events

    total $23,672

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $74,285 · program services $40,857 · management and general $14,857 · fundraising $18,571

  • 7 · Other salaries and wages

    total $224,601 · program services $164,329 · management and general $37,473 · fundraising $22,799

  • 9 · Other employee benefits

    total $12,469 · program services $12,469

  • 10 · Payroll taxes

    total $23,210 · program services $15,982 · management and general $4,042 · fundraising $3,186

  • 11c · Fees: accounting

    total $12,694 · management and general $12,694

  • 11g · Fees: other

    total $163,751 · program services $149,101 · management and general $13,700 · fundraising $950

  • 12 · Advertising and promotion

    total $10,236 · program services $10,236

  • 13 · Office expenses

    total $34,265 · program services $21,468 · management and general $9,429 · fundraising $3,368

  • 14 · Information technology

    total $2,468 · management and general $2,468

  • 15 · Royalties

    total $20,067 · program services $20,067

  • 16 · Occupancy

    total $92,050 · program services $92,050

  • 17 · Travel

    total $8,907 · program services $8,907

  • 20 · Interest

    total $4,710 · management and general $4,710

  • 22 · Depreciation, depletion and amortization

    total $74,407 · management and general $74,407

  • 23 · Insurance

    total $13,745 · program services $13,745

  • 24a · Other expenses: MISCELLANEOUS

    total $26,142 · program services $5,419 · management and general $20,723

  • 24b · Other expenses: COSTUME, SETS, AND PROPS

    total $24,338 · program services $24,338

  • 24c · Other expenses: SALES AND INCOME TAX

    total $17,777 · program services $17,777

  • 24d · Other expenses: MAINTENANCE AND REPAIR

    total $14,357 · management and general $14,357

  • 24e · All other expenses

    total $27,558 · program services $17,958 · management and general $9,251 · fundraising $349

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $88,090 · end of year $45,446

  • 3 · Pledges and grants receivable

    beginning of year $86,424 · end of year $40,526

  • 4 · Accounts receivable

    beginning of year $490 · end of year $3,390

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,560 · end of year $23,253

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

    $686,331

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

    $331,263

  • 10c · Land, buildings and equipment, net

    beginning of year $429,475 · end of year $355,068

  • 15 · Other assets

    beginning of year $144,486 · end of year $85,898

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,872 · end of year $21,960

  • 19 · Deferred revenue

    beginning of year $43,798 · end of year $48,038

  • 23 · Secured mortgages and notes payable

    beginning of year $93,472 · end of year $102,447

  • 25 · Other liabilities

    beginning of year $102,819 · end of year $52,565

  • 27 · Net assets without donor restrictions

    beginning of year $294,643 · end of year $238,505

  • 28 · Net assets with donor restrictions

    beginning of year $218,921 · end of year $90,066

Mission and programs · 2024

Mission

RIVERSIDE THEATRE STRENGTHENS THE CULTURAL FABRIC OF IOWA CITY THROUGH INTIMATE, ENGAGING PRODUCTIONS FROM CLASSICS TO NEW WORKS, FOSTERING A DEEPER APPRECIATION FOR THE DRAMATIC ARTS. SEE SCHEDULE O FOR CONTINUATION.

Activities or mission (Part I)

A GREAT CITY DESERVES BOLD THEATRE.THEATRE THAT SPARKS DISCOURSE, BUILDS COMMUNITY, DELIGHTS, INSPIRES, BREAKS DOWN BARRIERS, AND EXPLORES THE COMPLEXITIES OF THE HUMAN SPIRIT. RIVERSIDE THEATRE STRENGTHENS THE CULTURAL FABRIC OF IOWA CITY THROUGH INTIMATE, ENGAGING PRODUCTIONS FROM CLASSICS TO NEW WORKS, FOSTERING A DEEPER APPRECIATION FOR THE DRAMATIC ARTS AMONG AN ENGAGED, EVOLVING AUDIENCE.

  • THROUGH ITS ROSTER OF FULL PRODUCTIONS, OUTREACH EVENTS, AND EDUCATIONAL ACTIVITIES, RIVERSIDE THEATRE SERVES THE IOWA CITY AREA WITH PROGRAMMING THAT FOSTERS APPRECIATION FOR THE DRAMATIC ARTS, EMPLOYS ARTISTS, AND STRENGTHENS COMMUNITY THROUGH OPPORTUNITIES FOR ENTERTAINMENT, SERIOUS DISCOURSE, AND REFLECTION. DURING ITS 2024/2025 SEASON, RIVERSIDE THEATRE PRESENTED SIX TICKETED PRODUCTIONS, A FREE OUTDOOR SHAKESPEARE PRODUCTION IN IOWA CITY'S LOWER CITY PARK, POST-SHOW DISCUSSIONS, SPECIAL EVENTS, AND EDUCATIONAL PROGRAMS, DELIVERING PATRONS AND STUDENTS HIGH- QUALITY THEATRICAL EXPERIENCES WHILE PROVIDING PROFESSIONAL OPPORTUNITIES FOR LOCAL AND REGIONAL THEATRE ARTISTS TO FURTHER THEIR CRAFT.

    Expenses $614,703 · Revenue $270,495

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

Listed in Part VII

  • Laurie Zaiger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Uri Lessing Left 325

    DIRECTOR

    Total calculated
    $0
  • Amelia Kanellis

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Marnie Saeugling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Loomis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wallace Chappell Left 425

    DIRECTOR

    Total calculated
    $0
  • Derek Logas

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jim Throgmorton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Adam Knight

    PROD. ART. D

    Total calculated
    $75,280
    From this org
    $71,216
    From related orgs
    $0
    Other
    $4,064
    Hours/week
    40
  • Connie Alt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Manning

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Mel Schlachter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Aaron Greenwald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jaime Watts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeremy Mims

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Brockmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Neera Khera Left 1124

    DIRECTOR

    Total calculated
    $0
  • Peggy Grimmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rachel McPherson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2 February 2026
IRS schema version
2024v5.0
Source object
202620349349300422

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