THE 1932 CRITERION THEATRE

EIN: 203267346 501(c)(3) Arts, Culture & Humanities

BAR HARBOR, ME

Total Revenue
$684,294
Total Expenses
$858,261
Total Assets
$3,032,080
Net Assets
$3,027,687
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
ME
Principal Officer
STEPHEN LEISER
Phone
2072880829
Tax Period
2023-01-01 to 2023-12-31

THE 1932 CRITERION THEATRE, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $684K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $858K exceeded revenue, resulting in a 25% operating deficit.

Mission

KEEPING THE 1932 CRITERION THEATRE ALIVE THROUGH THE ARTS AND CINEMA. KEEPING THE ARTS ALIVE IN DOWNEAST MAINE THROUGH THE 1932 CRITERION THEATRE.

Program Service Accomplishments

Program 1
Expenses: $724,607 Revenue: $345,486

IN 2023 THE CRITERION THEATRE ACCOMPLISHED ITS GOAL OF DOING MORE FOR THE COMMUNITY, HOSTING MORE AND MORE LIVE CONCERTS, AND BRINGING PROGRAMMING TO THE ARTS COMMUNITY. WE CONTINUED TO BUILD ON OUR...

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IN 2023 THE CRITERION THEATRE ACCOMPLISHED ITS GOAL OF DOING MORE FOR THE COMMUNITY, HOSTING MORE AND MORE LIVE CONCERTS, AND BRINGING PROGRAMMING TO THE ARTS COMMUNITY. WE CONTINUED TO BUILD ON OUR DONATION GOALS AND SOME MUCH NEEDED RENOVATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $207,185
Program Service Revenue $345,486
Investment Income $6,863
Other Revenue $124,760
TOTAL REVENUE $684,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $242,817
Fundraising Expenses $40,250
Program Expenses $724,607
Other Expenses $615,444
TOTAL EXPENSES $858,261

Year-over-Year Comparison

2023 2022 Change
Revenue $684,294 $571,829 +0.2%
Expenses $858,261 $595,665 +0.4%
Net Income $-173,967 $-23,836 +6.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
14
Volunteers
25

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN LEISER PRESIDENT 2.00
Officer Director
$0 $0 $0
NICHOLAS SCHOEDER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
STEVEN PARADY COMMITTEE CH 2.00
Officer Director
$0 $0 $0
SUSAN RAAB SECRETARY 2.00
Officer Director
$0 $0 $0
JEFF YOUNG DIRECTOR 0.50
Director
$0 $0 $0
RICHARD CLEARY DIRECTOR 0.50
Director
$0 $0 $0
CINDY EICHENHOLZ DIRECTOR 0.50
Director
$0 $0 $0
STEVEN BOUCHER CLERK 0.50
Officer Director
$0 $0 $0
SARAH JONES DIRECTOR 0.50
Director
$0 $0 $0
JESSICA ROSS DIRECTOR 0.50
Director
$0 $0 $0
NICHOLAS WALTON TREASURER 0.50
Officer Director
$0 $0 $0
MORGAN MACKENZIE DIRECTOR 0.50
Director
$0 $0 $0
JOIE LEISER DIRECTOR 0.50
Director
$0 $0 $0
ANNIE LEONARDI DIRECTOR 0.50
Director
$0 $0 $0
EMILY GRAHAM DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $684,294 $858,261 $3,032,080 $-173,967
2022 $571,829 $595,665 $3,206,051 $-23,836
2021 $729,367 $401,580 $3,264,172 $327,787
2020 $460,223 $300,440 $3,259,750 $159,783
2019 $1,318,208 $978,302 $3,099,930 $339,906
2018 $722,886 $837,831 $2,813,333 $-114,945
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