MILLWALD THEATRE INC

EIN: 823878677 501(c)(3) Arts, Culture & Humanities

WYTHEVILLE, VA

Total Revenue
$728,418
Total Expenses
$689,721
Total Assets
$3,836,706
Net Assets
$3,405,831
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
DAVID CARPENTER
Phone
2766256955
Tax Period
2024-01-01 to 2024-12-31

MILLWALD THEATRE INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $840K in total revenue in fiscal year 2019. The organization ran a surplus of $804K, a strong 96% operating margin.

Mission

THE MISSION OF THE MILLWALD THEATRE IS TO BE A CULTURAL HUB THAT PROVIDES EXCEPTIONAL AND ACCESSIBLE ARTS EXPERIENCES INCLUDING ENTERTAINMENT, EDUCATION, AND CIVIC DIALOGUE WHILE PROMOTING ECONOMIC GROWTH IN OUR COMMUNITY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $361,109
Program Service Revenue $293,479
Investment Income $32,067
Other Revenue $41,763
TOTAL REVENUE $728,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,090
Fundraising Expenses $38,569
Program Expenses $558,806
Other Expenses $470,631
TOTAL EXPENSES $689,721

Year-over-Year Comparison

2024 2023 Change
Revenue $728,418 $1,061,719 -0.3%
Expenses $689,721 $825,692 -0.2%
Net Income $38,697 $236,027 -0.8%
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
14
Independent Members
14
Employees
24
Volunteers
20

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL T JONES BOARD TREASURER 10.00
Officer Director
$0 $0 $0
REBECCA JAMES BOARD SECRETARY 3.00
Officer Director
$0 $0 $0
BRUCE STEPHENS BOARD VICE CHAIR 3.00
Officer Director
$0 $0 $0
TERESA HAGEE BOARD CHAIR 10.00
Officer Director
$0 $0 $0
DAVID MANLEY BOARD MEMBER 3.00
Director
$0 $0 $0
CM WALTERS BOARD MEMBER 2.00
Director
$0 $0 $0
TERRY BEAMER BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL GILLMAN BOARD MEMBER 2.00
Director
$0 $0 $0
GLENDA CROCKETT-EANS BOARD MEMBER 2.00
Director
$0 $0 $0
DONALD MARTIN JR BOARD MEMBER 2.00
Director
$0 $0 $0
RANDY NEWBERRY BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID CARPENTER BOARD MEMBER 2.00
Director
$0 $0 $0
ANNE HARRISON BOARD MEMBER 2.00
Director
$0 $0 $0
SEAN VIARS BOARD MEMBER 2.00
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 $728,418 $689,721 $3,836,706 $38,697
2023 $1,061,719 $825,692 $3,874,049 $236,027
2022 $1,956,145 $264,979 $5,123,808 $1,691,166
2021 $768,017 $114,121 $4,409,085 $653,896
2020 $525,286 $35,073 $1,359,862 $490,213
2019 $839,836 $35,917 $827,716 $803,919
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