Midland Community Theatre Inc in Midland, Texas (TX)

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Midland Community Theatre Inc
Employer Identification Number (EIN)756003774
Name of OrganizationMidland Community Theatre Inc
Address2000 W Wadley Ave, Midland, TX 79705-6431
ActivitiesOther cultural or historical activities, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date07/1947
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,207,603
Amount of Income$3,215,994
Form 990 Revenue Amount$3,113,097
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Theater


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Amount of income in 2013: $3,215,994 (it was $1,898,903 in 2012)
This organization: 

 $3,215,994
Other organizations performing similar types of work: 

 $213,388

Assets in 2013: $7,207,603 (it was $5,438,283 in 2012)
Midland Community Theatre Inc: 

 $7,207,603
Other organizations performing similar types of work: 

 $114,571

Expenses in 2013: $1,751,156
This organization: 

 $1,751,156
Other organizations performing similar types of work: 

 $213,311

Income to expenses ratio in 2013: 1.8
Midland Community Theatre Inc: 

 1.8
Other organizations performing similar types of work: 

 1.0

Number of employees in 2013: 28
This organization: 

 28
Other organizations performing similar types of work: 

 12

Grants share in income in 2013: 67.7%
Midland Community Theatre Inc: 

 67.7%
Other organizations performing similar types of work: 

 23.4%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
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?NoNo
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?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
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?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
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)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
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?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
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?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
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?NoNo
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?NoNo
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?NoNo
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?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
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?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
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?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 109605142
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?NoYesYes
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 return02928
Did the organization file all required federal employment tax returns?NoYesYes
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?YesNoNo
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?NoYesYes
Did the organization notify the donor of the value of the goods or services provided?NoYesYes
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
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$74,841$89,923
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
2010201120122013
Total revenue$1,492,202$1,840,419$1,601,191$3,113,097
Contributions, Gifts, Grants and Other Similar Amounts$832,375$892,194$969,913$2,108,461
Program Service Revenue$543,035$661,091$734,200$887,427
0$661,091$501,794$96,749
0$0$123,903$52,492
0$0$48,114$163,237
0$0$60,389$574,949
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$14,308$30,101$26,683$41,909
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$41,294$45,125$14,260$51,518
Gross rents (Real / Personal)$45,019 / $0$45,125 / $0$0 / $56,433$0 / $109,597
Less: rental expenses (Real / Personal)$3,725 / $0$0 / $0$0 / $42,173$0 / $58,079
Rental income or (loss) (Real / Personal)$41,294 / $0$45,125 / $0$0 / $14,260$0 / $51,518
Net gain/loss from sales of assets other than inventory$0$0$0$0
Net income/loss from fundraising events$0$0$-182,222$-69
Gross income from fundraising events$0$0$73,317$44,749
Less: direct expenses$0$0$255,539$44,818
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$61,190$211,908$38,357$23,851
0$182,071$38,357$23,851
All other revenue$0$0$0
Statement of Functional Expenses
2010201120122013
Total functional expenses$1,613,212$1,677,774$1,691,853$1,751,156
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$71,083$72,765$82,541$89,923
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$396,005$458,493$482,902$503,278
Pension plan accruals and contributions$7,735$0$0
Other employee benefits$0$85,934$83,285
Payroll taxes$35,824$40,268$42,530$45,862
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$10,000$15,527$0
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$449$0$24,711
Advertising and promotion$6,000$0$0
Office expenses$7,757$18,541$19,712
Information technology$5,770$20,964$18,485
Royalties$0$0$0
Occupancy$91,976$187,493$190,117
Travel$8,309$5,010$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$165,331$170,535$170,791
Insurance$99,848$0$0
Other expenses$352,306$30,821$443,746
Other expenses$51,251$33,463$61,621
Other expenses$48,000$70,600$48,724
Other expenses$39,792$411,930$46,004
Other expenses$0$33,062$4,897
Balance Sheet
2010201120122013
Total assets$4,996,650$5,159,295$5,438,283$7,207,603
Cash - non-interest-bearing$717,955$662,651$767,626
Savings and temporary cash investments$305,259$0$0
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$0$44,495$92,706
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$0$0$0
Prepaid expenses and deferred charges$5,440$86,210$83,808
Land, buildings, and equipment: cost or other basis$2,859,677$2,791,329$2,701,680
Investments - publicly traded securities$1,270,964$1,853,598$3,561,783
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$0$0$413,689$471,522
Accounts payable and accrued expenses$0$124,845$66,930
Grants payable$0$0$0
Deferred revenue$0$288,844$404,592
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$0$0$0$0
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)$0$0$0
Total net assets or fund balances$4,996,650$5,159,295$5,024,594$6,736,081
Unrestricted net assets$3,509,194$5,024,594$6,736,081
Temporarily restricted net assets$138,119$0$0
Permanently restricted net assets$1,511,982$0$0
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 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$8,045,903
Subtotal$8,045,903
Gifts, grants, contributions, and membership fees received$4,413,817
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$3,632,086
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$8,179,027
Public support$8,045,903
Subtotal$133,124
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$133,124
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$123,128$113,150$9,978
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$25,703$0$25,703
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$40,878$47,057$-6,179
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$56,547$66,093$-9,546
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
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$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$9,978
Net operating loss deduction$9,978
Unrelated business taxable income before specific deduction$0
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Vive Les Arts Societe Of Killeen Harker Heights Inc3401 S W S Young Dr, Killeen, TX 76542-2832TX1976-07$986,000
2Wichita Falls Backdoor PlayersPO BOX 896, Wichita Falls, TX 76307-0896TX1971-12$281,218
3Waco Civic Theatre1517 Lake Air Dr, Waco, TX 76710-2925TX1956-06$267,329
4State Theater CompanyPO BOX 1566, Austin, TX 78767-1566TX1982-12$112,599
5Silsbee Little Theater IncPobox 890, Silsbee, TX 77656TX1975-12$73,880
6Cultural And Educational Opportunities For Teens, Center Stage Texas2826 Real St, Austin, TX 78722TX1989-11$72,927
7Rialto Community Theater IncPO BOX 209, Brownfield, TX 79316-0209TX1993-04$48,073
8Unicorn School Of ActingPO BOX 2793, Pearland, TX 77588-2793TX1995-04$42,436
9Theatre Inc10616 Galatea Place, El Paso, TX 79924TX1985-10$36,185
10Texas Mime Theatre2714 Florence Street, Houston, TX 77009TX1988-03$11,532
11Actors Workshop Of HoustonPO BOX 22366, Houston, TX 77227-2366TX1983-12$0
12Angelina Alliance For The Dramatic ArtsPO BOX 275, Lufkin, TX 75902-0275TX1995-09$0
13Austin Sign Language Theatre Academy7904 Finch Trl, Austin, TX 78745-6832TX1996-08$0
14Aztec Of Albany FoundationPo Box 3249, Albany, TX 76430TX1994-01$0
15Bucket Productions, Rice Jason T Gen Ptr734 Pebble Beach Dr, Garland, TX 75043-5686TX1997-12$0
16Central Texas Childrens Theatre2202 Grove Dr, Round Rock, TX 78681-2103TX1990-08$0
17Children Of Light Players908 Austin Highlands Blvd, Austin, TX 78745-3816TX1993-05$0
18Cuero New Generation Community Theatre504 W Broadway St, Cuero, TX 77954-3616TX1996-05$0
19Fat Man Production5801 Lumberdale Road 128, Houston, TX 77092-1515TX1993-09$0
20Laredo Institute For Theatrical Education, Lite Productions Inc1510 Calle Del Norte Suite 16, Laredo, TX 78041TX1998-03$0
Number of organizations performing similar types of work
Alaska5
Alabama5
Arkansas2
Arizona14
California79
Colorado18
Connecticut14
District of Columbia2
Delaware2
Florida40
Georgia13
Iowa10
Idaho4
Illinois41
Indiana17
Kansas6
Kentucky6
Louisiana12
Massachusetts25
Maryland13
Maine10
Michigan21
Minnesota12
Missouri17
Mississippi4
Montana7
North Carolina15
North Dakota1
Nebraska7
New Hampshire6
New Jersey15
New Mexico6
New York105
Ohio25
Oklahoma7
Oregon10
Pennsylvania24
Rhode Island2
South Carolina7
South Dakota1
Tennessee16
Texas43
Utah5
Virginia21
Vermont9
Washington21
Wisconsin18
West Virginia5
Wyoming3
Total771

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