Civic Intelligence

Sandusky State Theatre Inc

EIN 34-1568622 • 501(c)3 • Sandusky, OH

Profile

To purchase, renovate, protect, and operate the sandusky state theatre, located at 107 columbus avenue, sandusky, ohio working with citizens and organizations of the community to make the organization a center for the performing arts.

107 Columbus AveSandusky, OH 44870

www.sanduskystate.com

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.23x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

3.05x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

96th percentile

79%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

14th percentile

$116,013

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-34%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$42,730,186

Up $7,975,591 (+23%) from 2023

Liabilities

Up

$9,929,452

Up $5,362,436 (+117%) from 2023

Net Assets

Up

$32,800,734

Up $2,613,155 (+8.7%) from 2023

Revenue

Down

$3,257,842

Down $1,681,401 (-34%) from 2023

Expenses

Down

$687,137

Down $118,585 (-15%) from 2023

Net Income

Down

$2,570,705

Down $1,562,816 (-38%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $4,335,139Liabilities 2011: $138,940Net Assets 2011: $4,196,1992011Assets 2012: $4,488,323Liabilities 2012: $231,177Net Assets 2012: $4,257,1462012Assets 2013: $4,383,051Liabilities 2013: $103,383Net Assets 2013: $4,279,6682013Assets 2014: $4,464,830Liabilities 2014: $213,677Net Assets 2014: $4,251,1532014Assets 2015: $4,265,918Liabilities 2015: $95,959Net Assets 2015: $4,169,9592015Assets 2016: $4,210,482Liabilities 2016: $62,235Net Assets 2016: $4,148,2472016Assets 2017: $5,000,111Liabilities 2017: $196,668Net Assets 2017: $4,803,4432017Assets 2018: $4,738,425Liabilities 2018: $99,940Net Assets 2018: $4,638,4852018Assets 2019: $4,778,968Liabilities 2019: $80,459Net Assets 2019: $4,698,5092019Assets 2020: $8,872,296Liabilities 2020: $149,132Net Assets 2020: $8,723,1642020Assets 2021: $21,882,808Liabilities 2021: $69,983Net Assets 2021: $21,812,8252021Assets 2022: $26,880,833Liabilities 2022: $888,883Net Assets 2022: $25,991,9502022Assets 2023: $34,754,595Liabilities 2023: $4,567,016Net Assets 2023: $30,187,5792023Assets 2024: $42,730,186Liabilities 2024: $9,929,452Net Assets 2024: $32,800,7342024

Highlighted filing

2024

Assets$42,730,186
Liabilities$9,929,452
Net Assets$32,800,734

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,152,5122011Expenses 2012: $1,219,1982012Revenue 2013: $1,126,812Expenses 2013: $1,163,434Net Income 2013: -$36,6222013Revenue 2014: $1,123,107Expenses 2014: $1,204,516Net Income 2014: -$81,4092014Revenue 2015: $1,092,508Expenses 2015: $1,096,314Net Income 2015: -$3,8062015Revenue 2016: $969,310Expenses 2016: $1,065,505Net Income 2016: -$96,1952016Revenue 2017: $1,616,809Expenses 2017: $1,008,488Net Income 2017: $608,3212017Revenue 2018: $1,005,289Expenses 2018: $1,063,272Net Income 2018: -$57,9832018Revenue 2019: $998,650Expenses 2019: $1,078,048Net Income 2019: -$79,3982019Revenue 2020: $4,631,030Expenses 2020: $683,967Net Income 2020: $3,947,0632020Revenue 2021: $13,494,330Expenses 2021: $522,445Net Income 2021: $12,971,8852021Revenue 2022: $4,966,583Expenses 2022: $554,932Net Income 2022: $4,411,6512022Revenue 2023: $4,939,243Expenses 2023: $805,722Net Income 2023: $4,133,5212023Revenue 2024: $3,257,842Expenses 2024: $687,137Net Income 2024: $2,570,7052024

Highlighted filing

2024

Revenue$3,257,842
Expenses$687,137
Net Income$2,570,705

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.7$9.93$32.8$3.26$0.69$2.57
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.8$4.57$30.2$4.94$0.81$4.13
2022Detailed filing. Detailed filing data is available for this year.$26.9$0.89$26.0$4.97$0.55$4.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$0.07$21.8$13.5$0.52$13.0
2020Detailed filing. Detailed filing data is available for this year.$8.87$0.15$8.72$4.63$0.68$3.95
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$0.08$4.70$1.00$1.08$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.74$0.10$4.64$1.01$1.06$0.06
2017Detailed filing. Detailed filing data is available for this year.$5.00$0.20$4.80$1.62$1.01$0.61
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.21$0.06$4.15$0.97$1.07$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.27$0.10$4.17$1.09$1.10$0.00
2014Detailed filing. Detailed filing data is available for this year.$4.46$0.21$4.25$1.12$1.20$0.08
2013Detailed filing. Detailed filing data is available for this year.$4.38$0.10$4.28$1.13$1.16$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.49$0.23$4.26$1.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.34$0.14$4.20$1.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$3,558,997
Mission and Program Overview

Mission

The sandusky state theatre was originally created in 1928 and reinvented several times since its inception. The arts, particularly the performing arts, are a reflection and a documentation of our culture and society. Therefore, in order to survive they must evolve, adapt, and transform; echoing what is happening in the real world. For more than 80 years, the theatre has been an integral part of the greater sandusky community.

The sandusky state theatre is an historic landmark that enhances the lives of the residents of north central ohio by providing a variety of programs of artistic, educational, and social value.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,959,317$37,052,976▲ $13,093,659
Pledges and Grants Receivable$9,181,850$4,268,196▼ $4,913,654
Cash and Non-Interest-Bearing Accounts$186,467$169,448▼ $17,019
Savings and Temporary Cash Investments$263,549$37,759▼ $225,790
Intangible Assets$27,000$27,000→ $0
Prepaid Expenses and Deferred Charges$12,705$6,000▼ $6,705
Total Assets$34,754,595$42,730,186▲ $7,975,591
Other Assets Total$1,123,707$1,168,807▲ $45,100
Liabilities
Unsecured Notes Loans Payable-$8,543,187-
Accounts Payable and Accrued Expenses$4,537,918$1,361,528▼ $3,176,390
Other Liabilities$24,099$19,738▼ $4,361
Deferred Revenue$4,999$4,999→ $0
Total Liabilities$4,567,016$9,929,452▲ $5,362,436
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,030,929$27,515,288▲ $7,484,359
Net Assets With Donor Restrictions$10,156,650$5,285,446▼ $4,871,204
Total Net Assets Fund Balance$30,187,579$32,800,734▲ $2,613,155
Total Liabilities and Net Assets / Fund Balance$34,754,595$42,730,186▲ $7,975,591

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,373,870-$35,373,870
Buildings$1,437,273$1,567,662$3,004,935
Equipment$66,852$367,109$433,961
Land$174,981-$174,981

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,059,369-▲ $108,356$43,600$1,101,819
2023$997,261-▲ $127,949$44,654$1,059,369
2022$1,213,367$16,420▼ $163,963$46,061$997,261
2021$1,138,434-▲ $142,241$42,843$1,213,367
2020$1,102,743-▲ $98,866$41,895$1,138,434
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chris ParthemoreExecutive DirectorFT$116,013$116,013

Board Members and Trustees

NameTitle
Kim RedfernPresident
Lillian ShafferVice President
Beth MaidenDirector
Colleen Shay MurrayDirector
Dr Andrew ZucherDirector
Gina MilkieDirector
Jeremy Normington-slayDirector
Marcus HarrisDirector
Ryan WhaleyDirector
Tim ParkisonDirector
Leslie MurraySecretary
Bethany ParnellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,511,063
Program Service Revenue
$90,133
Investment Income
$1,656,646
Other Revenue
$0
All Other Contributions
$1,511,063
Change in Net Assets
$2,570,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$398,292
Other Expenses$288,845
Total Fundraising Expense$160,411
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$53,902$107,805$53,903$215,610
Current Officers, Directors, Trustees, and Key Employees$29,025$58,052$29,026$116,103
Occupancy$25,372$50,745$25,373$101,490
Depreciation Depletion$66,218$16,555-$82,773
Other Employee Benefits$9,408$18,817$9,408$37,633
Payroll Taxes$7,236$14,473$7,237$28,946
Advertising--$22,467$22,467
Fees for Services Accounting-$21,355-$21,355
Insurance-$8,390-$8,390
Travel$4,958-$1,239$6,197
Office Expenses$812$1,625$813$3,250
Other Expenses$607$1,213$607$2,427
All Other Expenses$6,792$-13,538$7,735$989
Total Functional Expenses$236,029$290,697$160,411$687,137
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Deposits and Funds Held for Others$19,738
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The theatre has an independent six member oversight committee (board of review) that has the responsibility to approve the election of directors to the board.

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

The form 990 is prepared by an independent cpa firm. A draft of the form 990 is reviewed and approved by management. A copy is made available to all board members prior to filing.

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

Board members are required to sign a conflict of interest policy document annually. The board secretary maintains a copy of all current signed documents. When a conflict arises, the board member is recused from discussion and voting on such matters.

Form 990, Part VI, Section B, Line 15

The executive committee of the board of directors reviews and approves compensation of the executive director. An annual review is conducted. Compensation is based on job performance, evaluations, and comparison to compensation paid for similar positions.

Form 990, Part VI, Section C, Line 18

A copy of the current form 990 is available upon request.

Form 990, Part VI, Section C, Line 19

A copy of the current governing documents is available upon request.

Filing and Contact Details

Filer

Filer Name
Sandusky State Theatre Inc
EIN
34-1568622
Phone
4196261347
Address
107 COLUMBUS AVE, SANDUSKY, OH 44870
Doing Business As
The Sandusky State Theatre

Signing Officer

Name
Bethany Parnell
Title
Treasurer
Phone
4196261347
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bethany Parnell
Formed
1987
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
20

Preparer

Firm
Meaden & Moore Ltd
Address
1375 EAST NINTH STREET SUITE 1800, CLEVELAND, OH 44114-1790
Preparer
Karen B Cooney
Phone
2162413272
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The theatre's endowment is held as a beneficial interest in the community foundation. The theatre provided the resources for the agency endowment fund from donor contributions restricted for permanent endowment to support activities of the theatre.

PART X, LINE 2:

The theatre follows the provisions of "accounting for uncertainty in income taxes" which prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The theatre recognizes interest and penalties accrued related to unrecognized tax uncertainties in income tax expense, if any. The theatre determined that there are no material uncertain tax positions.

Schedule D, Part VI, Line 5 Other

The balance classified in land, buildings, and equipment as "other" represents construction in progress costs related to the renovation of the building.

Raw XML AppendixShowing 400 of 518 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04537918
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01361528
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE SANDUSKY STATE THEATRE IS AN HISTORIC LANDMARK THAT ENHANCES THE LIVES OF THE RESIDENTS OF NORTH CENTRAL OHIO BY PROVIDING A VARIETY OF PROGRAMS OF ARTISTIC, EDUCATIONAL, AND SOCIAL VALUE.
IRS990/AdvertisingGrp/FundraisingAmt022467
IRS990/AdvertisingGrp/TotalAmt022467
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IRS990/AllOtherExpensesGrp/TotalAmt0989
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IRS990/BooksInCareOfDetail/PhoneNum04196261347
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0107 COLUMBUS AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SANDUSKY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd044870
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IRS990/DelegationOfMgmtDutiesInd00
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IRS990/DepreciationDepletionGrp/TotalAmt082773
IRS990/Desc0PRESENT LIVE STAGE PRODUCTIONS AND FILMS OF CULTURAL AND EDUCATIONAL VALUE AND PROVIDE A FACILITY FOR OTHER ORGANIZATIONS TO PRESENT THEIR STAGE PRODUCTIONS.STORM DAMAGE IN JUNE 2020 HAS CREATED THE OPPORTUNITY FOR THE THEATRE TO REBUILD. THE THEATRE HAS BEEN FOCUSED ON REBUILDING THE HISTORIC STAGE AND GUEST EXPERIENCE SINCE THAT TIME.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/MissionDesc0THE SANDUSKY STATE THEATRE WAS ORIGINALLY CREATED IN 1928 AND WAS REINVENTED SEVERAL TIMES SINCE ITS INCEPTION. THE ARTS, PARTICULARLY THE PERFORMING ARTS, ARE A REFLECTION AND A DOCUMENTATION OF OUR CULTURE AND SOCIETY. THEREFORE, IN ORDER TO SURVIVE THEY MUST EVOLVE, ADAPT, AND TRANSFORM; ECHOING WHAT IS HAPPENING IN THE REAL WORLD. FOR MORE THAN 80 YEARS, THE THEATRE HAS BEEN AN INTEGRAL PART OF THE GREATER SANDUSKY COMMUNITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0CARYL CRANE YOUTH THEATRE (CCYT) PROVIDES OPPORTUNITIES FOR YOUNG PEOPLE TO BE PART OF AN ARTS EDUCATION PROGRAM. CCYT IS USING VARIOUS TEMPORARY LOCATIONS IN THE AREA AND WILL BECOME PART OF THE PERMANENT PROGRAMS AND ACTIVITIES TO BE OFFERED ONCE THE THEATRE REOPENS.
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