Riverside Theatre Inc in Vero Beach, Florida (FL)

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Riverside Theatre Inc
Employer Identification Number (EIN)591764305
Name of OrganizationRiverside Theatre Inc
Address3250 Riverside Park Dr, Vero Beach, FL 32963-1877
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization, Educational Organization
Ruling Date08/1981
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$30,006,859
Amount of Income$9,741,914
Form 990 Revenue Amount$7,967,323
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Theater


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Amount of income in 2014: $9,741,914
Riverside Theatre Inc: 

 $9,741,914
Other organizations performing similar types of work: 

 $152,552

Assets in 2014: $30,006,859
Riverside Theatre Inc: 

 $30,006,859
Other organizations performing similar types of work: 

 $147,528

Expenses in 2014: $7,825,588
Riverside Theatre Inc: 

 $7,825,588
Other organizations performing similar types of work: 

 $149,497

Income to expenses ratio in 2014: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 63.4%
This organization: 

 63.4%
Other organizations performing similar types of work: 

 80.3%

Number of employees in 2014: 251
Riverside Theatre Inc: 

 251
Other organizations performing similar types of work: 

 7

Employees paid over $100,000 in 2014: 0.4%
Riverside Theatre Inc: 

 0.4%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 35.8%
This organization: 

 35.8%
Other organizations performing similar types of work: 

 39.0%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoYesNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 10967083132
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return231240251
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$243,586$238,759$245,155
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$7,486$12,186$13,624
Total number of individuals who received more than $100,000 of reportable compensation from the organization211
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$6,617,435$7,988,665$7,880,107$7,967,323
Contributions, Gifts, Grants and Other Similar Amounts$1,994,133$4,520,857$3,743,470$2,853,957
Program Service Revenue$3,481,750$3,119,378$3,520,825$3,727,623
Theater Companies and Dinner Theaters $2,942,656$3,353,865$3,550,036
611600$176,722$166,960$177,587
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$64,864$67,090$87,578$51,817
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$1,343$100$50$0
Net gain/loss from sales of assets other than inventory$141,871$596,826$-170,298$581,062
Gross amount from sales of assets other than inventory (Securities / Other)$1,020,603 / $3,000$3,383,031 / $0$2,019,334 / $0$2,113,937 / $0
Less: cost or other basis and sales expenses (Securities / Other)$877,666 / $4,066$2,726,308 / $59,897$2,189,632 / $0$1,532,875 / $0
Gain or (loss) (Securities / Other)$142,937 / $-1,066$656,723 / $-59,897$-170,298 / $0$581,062 / $0
Net income/loss from fundraising events$229,707$244,291$222,956$257,945
Gross income from fundraising events$439,193$444,048$450,451$499,661
Less: direct expenses$209,486$199,757$227,495$241,716
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$703,767$-559,877$475,526$494,919
900099$79,331$326,630$343,220
722210$73,600$116,183$130,607
900099$38,774$16,263$15,882
All other revenue$-751,582$16,450$5,210
Statement of Functional Expenses
2011201220132014
Total functional expenses$7,266,491$6,577,224$7,161,198$7,825,588
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$237,765$255,783$248,254$265,618
Compensation not included above, to disqualified persons$1,876,092$1,993,868$0
Other salaries and wages$0$0$0$2,066,618
Pension plan accruals and contributions$135,448$141,000$139,429
Other employee benefits$172,324$168,609$143,525
Payroll taxes$217,085$210,002$222,359$231,108
Fees for services (non-employees)
Management$0$0$0
Legal$120$848$0
Accounting$26,097$28,337$29,181
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$657,423$616,120$959,524
Advertising and promotion$274,242$334,020$354,839
Office expenses$617,168$743,167$817,671
Information technology$30,524$33,391$38,115
Royalties$240,565$309,839$295,011
Occupancy$901,154$947,261$1,083,259
Travel$160,557$310,482$325,828
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$18,542$9,582$13,967
Interest$22,155$11,164$8,534
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$902,487$909,040$913,317
Insurance$50,833$54,475$59,727
Other expenses$32,643$49,880$49,390
Other expenses$-6,935$29,502$30,927
Balance Sheet
2011201220132014
Total assets$25,330,724$26,894,681$29,319,404$30,006,859
Cash - non-interest-bearing$187,561$98,037$172,878
Savings and temporary cash investments$643,069$1,667,745$1,727,657
Pledges and grants receivable, net$2,029,219$1,013,992$985,820
Accounts receivable, net$9,266$38,413$69,980
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$25,936$26,154$41,459
Prepaid expenses and deferred charges$297,360$294,563$363,270
Land, buildings, and equipment: cost or other basis$18,127,174$17,329,053$16,580,488
Investments - publicly traded securities$4,475,219$7,245,153$8,654,881
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$1,099,877$1,606,294$1,410,426
Total liabilities$1,483,797$1,636,313$2,319,911$2,304,198
Accounts payable and accrued expenses$72,229$156,179$145,182
Grants payable$0$0$0
Deferred revenue$1,268,967$1,386,825$1,563,568
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$74,288$170,601$145,976$114,458
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$124,516$630,931$480,990
Total net assets or fund balances$23,846,927$25,258,368$26,999,493$27,702,661
Unrestricted net assets$18,997,308$18,950,833$18,700,632
Temporarily restricted net assets$1,350,302$1,622,099$2,226,051
Permanently restricted net assets$4,910,758$6,426,561$6,775,978
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$15,237,626
Subtotal Support$16,688,672
Gifts, grants, contributions, and membership fees received$16,294,711
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$393,961
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$1,451,046
Total Support$35,978,472
Public Support$16,688,672
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$340,572
Net income from unrelated business activities, whether or not the business is regularly carried on$42,589
Other income. Do not include gain or loss from the sale of capital assets$18,906,639
Gross receipts from related activities, etc.$17,916,771
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$3,005,827$2,874,913$5,500,196$6,734,009$6,627,201$10,480,121$9,905,832$5,397,108
Contributions, gifts, grants, and similar amounts received$1,027,141$862,742$3,184,045$3,919,289$4,163,971$7,399,569$6,594,035$1,936,295
Contributions to donor advised funds$0$0
Direct public support$946,576$815,911$3,073,103$3,869,829$4,089,078$7,065,078$5,665,735$1,826,437
Indirect public support$22,027$0$0$0$0$0$0$0
Government contributions (grants)$58,538$46,831$110,942$49,460$74,893$334,491$928,300$109,858
Program service revenue including government fees and contracts$1,681,383$1,787,871$2,081,919$2,095,618$1,841,295$2,323,205$1,965,212$2,445,290
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$47,735$68,429$64,693$65,024$83,488$187,045$235,775$113,214
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$23,180$18,906$22,834$15,535$4,910$6,541$2,358$32,541
Gross rents$23,180$18,906$22,834$15,535$4,910$6,541$2,358$32,541
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$24,241$-134,941$116,269$191,624$17,296$85,187$295,782$-200,422
Gain or (loss) from sales of assets other than inventory$-41,536$-65,421$-226,303$12,063$14,527$37,980$64,317$76,861
Gross amount from sales of assets other than inventory$115,504$634,462$499,575$820,932$1,341,474$3,509,461$2,763,497$1,399,897
Less: cost or other basis and sales expenses$157,040$699,883$725,878$808,869$1,326,947$3,471,481$2,699,180$1,323,036
Net income or (loss) from special events and activities$187,434$271,021$221,267$411,713$484,565$398,312$630,430$907,876
Gross revenue$187,434$271,021$221,267$411,713$484,565$398,312$630,430$907,876
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$56,249$66,306$35,472$23,143$17,149$42,282$117,923$85,453
Total expenses$2,875,661$3,126,556$3,661,240$3,703,143$3,832,920$4,203,281$3,925,593$5,763,102
Program services$1,962,481$2,149,947$2,386,788$2,407,844$2,404,737$2,784,033$2,357,357$3,651,110
Management and general$863,081$869,270$1,002,387$1,045,279$1,099,610$1,106,134$1,180,541$1,582,555
Fundraising$50,099$107,339$272,065$250,020$328,573$313,114$387,695$529,437
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$6,662,531$6,410,888$8,249,844$11,280,710$14,074,991$20,351,831$26,332,070$25,966,076
Excess or (deficit) for the year$130,166$-251,643$1,838,956$3,030,866$2,794,281$6,276,840$5,980,239$-365,994
Net assets or fund balances at beginning of year$4,611,423$6,662,531$6,410,888$8,249,844$11,280,710$14,074,991$20,351,831$26,332,070
Other changes in net assets or fund balances$1,920,942$0$0$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,763,102$3,651,110$1,582,555$529,437
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$174,585$89,570$85,015$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,354,738$784,997$567,783$1,958
Pension plan contributions not included above$82,504$66,206$16,298$0
Employee benefits not included above$0$0$0$0
Payroll taxes$119,598$67,400$52,008$190
Professional fundraising fees$0$0$0$0
Accounting fees$28,500$0$28,500$0
Legal fees$0$0$0$0
Supplies$13,670$5,530$6,856$1,284
Telephone$34,642$7,459$27,183$0
Postage and shipping$61,374$25,752$20,808$14,814
Occupancy$239,465$48,339$190,862$264
Equipment rental and maintenance$0$0$0$0
Printing and publications$85,083$53,614$8,542$22,927
Travel$22,187$20,194$1,993$0
Conferences, conventions, and meetings$3,981$3,981$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$796,344$760,053$36,291$0
Other expenses not covered above$2,746,431$1,718,015$540,416$488,000
Balance Sheets
20002001200220032004200520062007
Total assets$7,359,640$7,211,848$9,052,160$12,129,009$14,912,475$21,963,263$27,961,864$27,815,011
Cash - non-interest-bearing$22,041$8,383$4,113$56,880$102,691$58,910$4,551$36,918
Savings and temporary cash investments$839,117$1,003,199$800,522$1,620,362$1,197,738$1,410,524$1,661,303$556,398
Accounts receivable less allowance for doubtful accounts$7,802$12,155$49,939$13,681$7,857$258,931$263,170$58,458
Pledges receivable less allowance for doubtful accounts$111,140$77,879$2,085,856$3,491,004$4,459,086$3,790,872$2,544,179$1,912,191
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$141,981$179,476$215,525$173,723$112,219$123,787$142,009$222,401
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$3,109,132$2,937,602$2,987,185$3,583,361$3,742,790$8,331,228$0$0
Investments - other$1,997,934$1,871,833$1,797,632$2,089,367$4,201,113$6,912,647$3,055,381$3,002,423
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$19,228,572$20,324,193
Other assets, including program-related investments$1,130,493$1,121,321$1,111,388$1,100,631$1,088,981$1,076,364$1,062,699$1,702,029
Total liabilities$697,109$800,960$802,316$848,299$837,484$1,611,432$1,629,794$1,848,935
Accounts payable and accrued expenses$37,463$37,415$37,248$115,017$81,212$954,723$529,457$74,530
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$630,863$763,545$765,068$733,282$756,272$656,709$1,100,337$920,277
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$28,783$0$0$0$0$0$0$200,000
Other liabilities$0$0$0$0$0$0$0$654,128
Total liabilities and net assets/fund balances$7,359,640$7,211,848$9,052,160$12,129,009$14,912,475$21,963,263$27,961,864$27,815,011
Total net assets or fund balances$6,662,531$6,410,888$8,249,844$11,280,710$14,074,991$20,351,831$26,332,070$25,966,076
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$3,005,827$2,874,913$5,500,196$6,734,009$6,627,201$10,480,121$9,905,832$5,397,108
Total revenue, gains, and other support per audited financial statements$2,960,050$2,965,021$5,589,543$6,822,531$6,714,830$10,565,505$9,992,726$5,481,589
Other expenses$-23,750$90,108$89,347$88,522$87,629$86,663$86,894$84,481
Net unrealized gains on investments$0$0$0$0$0$5$0$0
Donated services and use of facilities$90,811$90,108$89,347$88,522$87,629$86,663$85,615$84,481
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$-114,561$0$0$0$0$0$1,279$0
Other revenue$22,027$0$0$0$0$1,279$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$22,027$0$0$0$0$1,279$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$2,875,661$3,126,556$3,661,240$3,703,143$3,832,920$4,203,281$3,925,593$5,763,102
Total expenses and losses per audited financial statements$2,977,718$3,216,664$3,750,587$3,791,665$3,920,549$4,289,944$4,011,208$5,847,583
Other revenue$102,057$90,108$89,347$88,522$87,629$86,663$85,615$84,481
Donated services and use of facilities$0$0$89,347$88,522$87,629$86,663$85,615$84,481
Prior year adjustments$90,811$90,108$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$11,246$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$72,520$12,495$0
40$84,705$4,865$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings46
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200666
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$130,318$30,786$3,299,709
Program service revenue
Program service revenue 1000000$000$0$2,184,485
Program service revenue 2000000$000$0$130,487
Program service revenue 3Advertising and related services$130,31800$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$113,214$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$32,541$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-200,422$0
Gain or (loss) from sales of assets other than inventory000000$000$0$76,861
Net income or (loss) from special events000000$000$0$907,876
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$85,453$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$60,656$5,515$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$2,442,497$2,740,987$2,833,162$3,343,202$4,749,719$5,148,554$10,377,062$10,157,762
Gifts, grants, and contributions received$772,972$986,891$902,992$1,176,068$2,514,140$3,195,888$8,067,783$7,840,728
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,559,299$1,602,691$1,776,529$2,044,135$2,131,876$1,847,119$2,073,411$1,960,978
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$53,331$95,156$87,335$87,527$80,559$88,398$193,586$238,133
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$56,895$56,249$66,306$35,472$23,144$17,149$42,282$117,923
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$94,699$0$94,699
Gross receipts or sales less returns and allowances$94,699$0$0
Cost of goods sold$0$0$0
Gross profit$946,991$0$94,699
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$142,501
Compensation of officers, directors, and trustees$0
Salaries and wages$79,495
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$63,006
Unrelated business taxable income$47,802
Unrelated business taxable income before net operating loss deduction$47,802
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$47,802
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Seaside Music Theatre IncPO BOX 2633, Ormond Beach, FL 32175-2633FL1985-07$4,233,222
2Venice Little Theatre Inc140 Tampa Ave W, Venice, FL 34285-1727FL1964-06$2,617,179
3Theatre Winter Haven IncPO BOX 1230, Winter Haven, FL 33882-1230FL1981-05$1,071,288
4Young People In Dramatic Arts, Old Schoolhouse Theater Foundation2200 Periwinkle Way, Sanibel, FL 33957-4001FL1989-08$844,290
5South Florida Jazz IncC/O Schneider7860 Peters Rd, Plantation, FL 33324FL1993-04$488,950
6Titusville Playhouse Inc301 Julia St, Titusville, FL 32796-3520FL1966-11$486,992
7Teatro Avante Inc744 Sw 8th St 2nd Floor, Miami, FL 33130-3311FL1985-10$428,100
8Vero Beach Theatre Guild Inc2020 San Juan Ave Vero Beach Fl 329, Vero Beach, FL 32960FL1962-11$396,160
9Suncoast Young Peoples Theatre Inc6237 Grand Blvd, New Prt Rchy, FL 34652-2603FL1981-10$215,757
10Theatre Downtown Inc2113 N Orange Ave, Orlando, FL 32804-5534FL1989-04$200,810
11Stage West IncPO BOX 5201, Spring Hill, FL 34611-5201FL1983-08$192,628
12Royal Palm Players IncPO BOX 954, Boca Grande, FL 33921-0954FL1992-09$182,433
13The Coconut Grove Playhouse Inc3550 Main Highway, Miami, FL 33133FL1963-11$161,123
14Theatre Conspiracy10091 Mcgregor Blvd, Fort Myers, FL 33919-1002FL1995-09$144,571
15Tamarac Theatre Of Performing Arts Inc8761 Holly Ct, Tamarac, FL 33321-2088FL1980-12$109,850
16Shoestring Theatre Inc380 S Goodwin St, Lake Helen, FL 32744-2803FL1983-03$97,899
17Wekiva River Players IncPo Box 915271, Longwood, FL 32791-5271FL1994-08$72,716
18Stage Crafters Community Theatre IncPO BOX 1749, Ft Walton Bch, FL 32549-1749FL1975-01$50,446
19Tots N Teens Theatre Inc101 W 27th St, Jacksonville, FL 32206-2066FL1987-01$18,934
20Childrens Theatre For The Deaf IncPO BOX 357674, Gainesville, FL 32635-7674FL1987-08$0
Number of organizations performing similar types of work
Alaska10
Alabama15
Arkansas9
Arizona17
California250
Colorado32
Connecticut39
District of Columbia11
Delaware8
Florida82
Georgia35
Hawaii8
Iowa25
Idaho8
Illinois90
Indiana44
Kansas11
Kentucky25
Louisiana18
Massachusetts70
Maryland31
Maine17
Michigan54
Minnesota44
Missouri29
Mississippi10
Montana7
North Carolina40
North Dakota6
Nebraska13
New Hampshire15
New Jersey62
New Mexico15
Nevada4
New York224
Ohio60
Oklahoma21
Oregon46
Pennsylvania94
Rhode Island11
South Carolina26
South Dakota6
Tennessee14
Texas102
Utah10
Virginia38
Vermont16
Washington57
Wisconsin41
West Virginia6
Wyoming2
International5
Total1,933

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