Civic Intelligence

Stagewest Theater Company

EIN 31-1636048 • 501(c)3 • Des Moines, IA

Profile

Stagewest theatre company d/b/a iowa stage theatre company transforms iowa, its citizens, and arts community by producing truthful, relevant, and intimate theatre that inspires, enlightens, and entertains.

PO Box 13466Des Moines, IA 50310

www.iowastage.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.52x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.82x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

16th percentile

-19%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

16th percentile

-16%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

6.6%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$503,419

Down $96,643 (-16%) from 2023

Liabilities

Down

$262,972

Down $34,443 (-12%) from 2023

Net Assets

Down

$240,447

Down $62,200 (-21%) from 2023

Revenue

Up

$321,698

Up $19,850 (+6.6%) from 2023

Expenses

Up

$383,898

Up $79,761 (+26%) from 2023

Net Income

Down

-$62,200

Down $59,911 (-2617%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2019: $42,567Liabilities 2019: $5,110Net Assets 2019: $37,4572019Assets 2020: $49,505Liabilities 2020: $17,355Net Assets 2020: $32,1502020Assets 2021: $294,531Liabilities 2021: $165,739Net Assets 2021: $128,7922021Assets 2022: $426,799Liabilities 2022: $181,236Net Assets 2022: $245,5632022Assets 2023: $600,062Liabilities 2023: $297,415Net Assets 2023: $302,6472023Assets 2024: $503,419Liabilities 2024: $262,972Net Assets 2024: $240,4472024

Highlighted filing

2024

Assets$503,419
Liabilities$262,972
Net Assets$240,447

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2019: $345,169Expenses 2019: $360,437Net Income 2019: -$15,2682019Revenue 2020: $282,447Expenses 2020: $287,754Net Income 2020: -$5,3072020Revenue 2021: $260,641Expenses 2021: $163,999Net Income 2021: $96,6422021Revenue 2022: $363,032Expenses 2022: $246,261Net Income 2022: $116,7712022Revenue 2023: $301,848Expenses 2023: $304,137Net Income 2023: -$2,2892023Revenue 2024: $321,698Expenses 2024: $383,898Net Income 2024: -$62,2002024

Highlighted filing

2024

Revenue$321,698
Expenses$383,898
Net Income-$62,200

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 18, 2025
Return Version
2024v5.1
Gross Receipts
$321,948
Mission and Program Overview

Mission

Stagewest theatre company d/b/a iowa stage theatre company transforms iowa, its citizens, and arts community by producing truthful, relevant, and intimate theatre that inspires, enlightens, and entertains.

Iowa stage theatre company is iowa's leading ensemble theatre, producing both classic and cutting-edge work and paying all cast and crew. See part iii, line 1 for mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$262,246$217,271▼ $44,975
Accounts Receivable$40,637$34,003▼ $6,634
Prepaid Expenses and Deferred Charges$15,443$22,459▲ $7,016
Total Assets$600,062$503,419▼ $96,643
Other Assets Total$281,736$229,686▼ $52,050
Liabilities
Other Liabilities$281,736$233,269▼ $48,467
Accounts Payable and Accrued Expenses$15,679$29,703▲ $14,024
Total Liabilities$297,415$262,972▼ $34,443
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$302,647$240,447▼ $62,200
Total Net Assets Fund Balance$302,647$240,447▼ $62,200
Total Liabilities and Net Assets / Fund Balance$600,062$503,419▼ $96,643

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$229,686--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff MasonPresident
Jen LindbergVice President
Bonnie HodsonBoard Member
Chuck KubaBoard Member
Craig MillerBoard Member
Dani BoalBoard Member
Donna ScarfeBoard Member
Sue DittmerBoard Member
Todd WarmingBoard Member
Shea WildSecretary
Ben SheridanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$197,035
Program Service Revenue
$113,918
Investment Income
$7,927
Other Revenue
$2,818
All Other Contributions
$197,035
Change in Net Assets
$-62,200

Audited Revenue Reconciliation

Revenue per Audited Statements
$321,698
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$250
Total Revenue per Audited Statements
$321,948
Total Revenue per Form 990
$321,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$305,174
Salaries, Compensation, and Employee Benefits$78,724
Total Fundraising Expense$21,442
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$95,502$10,930-$106,432
Other Salaries and Wages$58,811$7,351$7,351$73,513
Advertising$17,275$3,455$13,570$34,300
Other Expenses$16,230--$16,230
Office Expenses$2,909$11,634-$14,543
Fees for Services Accounting-$12,595-$12,595
Royalties$8,422--$8,422
Payroll Taxes$4,169$521$521$5,211
Total Functional Expenses$315,970$46,486$21,442$383,898

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$384,148
Expenses per Audited Statements$383,898
Total Expenses per Form 990$383,898
Expenses Not Reported on Form 990$250
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$376
Fundraising Direct Expenses$250
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$233,269
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The treasurer and goverance committee review the form 990 and approval by the board of directors is done before filing.

Form 990, Part VI, Section B, Line 12C

Written conflict of interest policies are reviewed and signed annually by each board member.

Form 990, Part VI, Section B, Line 15

Questions 15a and 15b on page 6 of form 990 do not apply to stagewest theater company as the company does not compensate any individuals meeting the form 990 definition of ceo, executive director, top management official, officer or key employee.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Stagewest Theater Company
EIN
31-1636048
Phone
5153090251
Address
PO BOX 13466, DES MOINES, IA 50310
Doing Business As
Iowa Stage Theatre Company

Signing Officer

Name
Benjamin Sheridan
Title
Treasurer
Phone
5153090251
Signed
2025-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Sheridan
Formed
1996
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
95

Preparer

Firm
Denman CPA Llp
Address
1601 22ND STREET SUITE 400, WEST DES MOINES, IA 50266-1453
Preparer
Thomas O Welchans
Phone
5152258400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board treasurer assumes responsibility for the oversight of the audit of the financial statements and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The company has adopted the accounting for uncertainty in income tax requirements as required by the income tax topic of the fasb accounting standards codification. Management has evaluated their material tax positions and determined no income tax effects with respect to the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 250.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 250.

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IRS990/PYTotalExpensesAmt0304137
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0301848
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0-62200
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0121986
IRS990/RoyaltiesGrp/ProgramServicesAmt08422
IRS990/RoyaltiesGrp/TotalAmt08422
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0192035
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0139611
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0130711
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0213529
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0219968
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0895854
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07927
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02398
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01506
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0392
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0301
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt012524
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0121986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0171652
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0107559
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0149111
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt040372
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0590680
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07927
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02398
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01506
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0392
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0301
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012524
IRS990ScheduleA/InvestmentIncomeCYPct00.00840
IRS990ScheduleA/InvestmentIncomePYPct00.00340
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86460
IRS990ScheduleA/PublicSupportPY509Pct00.86130
IRS990ScheduleA/PublicSupportTotal509Amt01296016
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt046500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt043118
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt042500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt038400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0190518
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt046500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt043118
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt042500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt038400
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0190518
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0314021
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0311263
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0238270
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0362640
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0260340
IRS990ScheduleA/Total509Grp/TotalAmt01486534
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0321948
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0313661
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0239776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0363032
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0260641
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01499058
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt0250
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0383898
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0229686
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING RIGHT-OF-USE ASSETS
IRS990ScheduleD/OtherExpensesIncludedAmt0250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0233269
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt0250
IRS990ScheduleD/RevenueNotReportedAmt0250
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0321698
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY HAS ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX REQUIREMENTS AS REQUIRED BY THE INCOME TAX TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED NO INCOME TAX EFFECTS WITH RESPECT TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 250.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 250.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0229686
IRS990ScheduleD/TotalExpensesPerForm990Amt0383898
IRS990ScheduleD/TotalLiabilityAmt0233269
IRS990ScheduleD/TotalRevenuePerForm990Amt0321698
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0321948
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0384148
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER AND GOVERANCE COMMITTEE REVIEW THE FORM 990 AND APPROVAL BY THE BOARD OF DIRECTORS IS DONE BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WRITTEN CONFLICT OF INTEREST POLICIES ARE REVIEWED AND SIGNED ANNUALLY BY EACH BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2QUESTIONS 15A AND 15B ON PAGE 6 OF FORM 990 DO NOT APPLY TO STAGEWEST THEATER COMPANY AS THE COMPANY DOES NOT COMPENSATE ANY INDIVIDUALS MEETING THE FORM 990 DEFINITION OF CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OFFICER OR KEY EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD TREASURER ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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