Civic Intelligence

Studio Players Inc.

990 • Fiscal year 2021 • EIN 31-0987123

Jul 01, 2020 to Jun 30, 2021 • Filed on Jun 20, 2022

PO Box 54737Lexington, KY 40555-4737

(859) 312-4894

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

3rd percentile

-113%

Higher net margin than 3% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

53rd percentile

$750

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$568,116

No earlier filing loaded for comparison.

Net Assets

$568,116

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$18,039

No earlier filing loaded for comparison.

Expenses

$38,415

No earlier filing loaded for comparison.

Net Income

-$20,376

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2021: $568,116Liabilities 2021: $0Net Assets 2021: $568,1162021Assets 2022: $538,192Liabilities 2022: $0Net Assets 2022: $538,1922022Assets 2023: $552,359Liabilities 2023: $0Net Assets 2023: $552,3592023Assets 2024: $568,077Liabilities 2024: $0Net Assets 2024: $568,0772024Assets 2025: $592,889Liabilities 2025: $0Net Assets 2025: $592,8892025

Highlighted filing

2021

Assets$568,116
Liabilities$0
Net Assets$568,116

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2021: $18,039Expenses 2021: $38,415Net Income 2021: -$20,3762021Revenue 2022: $53,339Expenses 2022: $85,204Net Income 2022: -$31,8652022Revenue 2023: $109,665Expenses 2023: $95,498Net Income 2023: $14,1672023Revenue 2024: $125,964Expenses 2024: $114,002Net Income 2024: $11,9622024Revenue 2025: $140,991Expenses 2025: $116,179Net Income 2025: $24,8122025

Highlighted filing

2021

Revenue$18,039
Expenses$38,415
Net Income-$20,376
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jun 20, 2022
Return Version
2020v4.0
Gross Receipts
$18,039
Mission and Program Overview

Mission

Studio Players Inc. is a non- profit organization with the following mission: To entertain our community with high quality live theatre; with a variety of shows from classic to contemporary playwrights; and to provide those willing to volunteer with the organization opportunities to participate in all aspects of live theatre.

Non-profit community theatre

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$218,738$284,656▲ $65,918
Land, Buildings, and Equipment, Net$200,000$200,000→ $0
Cash and Non-Interest-Bearing Accounts$89,597$65,602▼ $23,995
Investments Other Securities$78,908$16,808▼ $62,100
Investments in Publicly Traded Securities$855$1,050▲ $195
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$588,098$568,116▼ $19,982
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$588,098$568,116▼ $19,982
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$588,098$568,116▼ $19,982
Total Liabilities and Net Assets / Fund Balance$588,098$568,116▼ $19,982

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$200,000-$200,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary McCormickTrusteeePT$750-$750
Sam Jenkins SmithPresident ElectPT-$300$300
Mylissa CrutcherTrusteePT-$300$300

Board Members and Trustees

NameTitle
Debbie SharpPast President
Carly PrestonPresident
Bob SingletonTrustee
Rob MaddoxTrustee
Robert KinstleTrustee
Steve MeadowsTrustee
Ellen HellardSecretary
David BratcherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,349
Program Service Revenue
$3,872
Investment Income
$4,818
Other Revenue
$0
All Other Contributions
$9,309
Change in Net Assets
$-20,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,415
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$17,105$0$0$17,105
Insurance$4,403$592$0$4,995
Advertising$3,010$0$0$3,010
Royalties$2,000$0$0$2,000
Office Expenses$459$0$0$459
Fees for Services Legal$0$450$0$450
Information Technology$362$0$0$362
Total Functional Expenses$37,373$1,042$0$38,415
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 1

Studio Players A rticles of incorporation call for 11 members of a board of Trustees consisting 5 Officers: President; Past President; President Elect; Secretary; and Treasurer; plus six Trustees. Officers serve one year terms although the Secretary and Treasurer may be elected to subsequent one-year terms. Trustees serve staggered three-year terms and may serve one more consecutive term. They may serve as Trustees again after having been out of office for a year after a six year term. There is an advisory board consisting of individuals who participate in board meetings but do not have a vote in board decisions. Often these are persons who are active volunteers at Studio but may prefer not to be on the board. All 11 board members are approved by the Members of Studio Players. These individuals pay a $10 membership fee for which they receive a free ticket to a Studio Players show and also attend the annual meeting of the organization where they vote approval of members of the board. Many members have been associated with Studio Players for over twenty years and sometimes will volunteer as ushers or assist with costumes or set painting decoration. Many also have been Season Ticket holders and donors to Studio Players. The Articles of Incorporation intended to establish Studio Players as a community theatre not only to provide entertainment to the local area but also to create a "communuity" of supporters who would become part of a larger Studio Players family. Perhaps this is why Studio has been able to last for nearly 70 years.

Part VI, Line 7A

When Studio Players Articles of Incorporation established a board of directors and officers whose positions and terms of office would be approved by "members." These members pay dues of $10 per year for which they receive a free ticket to one of the organizations shows as well the ability to vote for officers and directors at an annual members meeting usually held in the month of June.

Part VI, Line 11B

The board is notified Form 900 has been prepared and is available for review. The board's monthly meeting often occurs after the return has been prepared however and arrangements can be made to meet in those situations. Members of the public are welcome to review the completed form upon request by contacting the corporation's Treasurer through Studio Players web site or by calling the Treasurer.

Part VI, Line 18

Members of the public are welcome to review the form upon request by making contact through Studio Players web site or by directly calling the organization' s Treasurer.

Filing and Contact Details

Filer

Filer Name
Studio Players Inc
EIN
31-0987123
In Care Of
% David Bratcher
Phone
8593124894
Address
PO BOX 54737, LEXINGTON, KY 40555-4737

Signing Officer

Name
David W Bratcher
Title
Treasurer
Signed
2022-06-20
Discuss with paid preparer
No

Organization Details

Formed
1952
Legal Domicile
Ky
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
45
Supplemental Narrative

Additional Explanations

Part III, line 3

Studio Players rents its theatre from the City of Lexington KY. Because of the lockdowns relating to the Covid 19 pandemic Lexington's Mayor ordered all city buildings to be closed on March 15 2020. The order remained in effect through the end of June 2021 and continued on into the next fiscal year. Not having a place to perform significantly altered our ability to offer program services.

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