Offers quality theater, cultural, and educational experiences at the historic Arcadia Theater.
For fiscal year 2024 it reported $348K in revenue, $338K in expenses, and $355K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$348K
Pt VIII · Ln 12
Total expenses
$338K
Pt IX · Ln 25
Net assets
$355K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
89%
Program services $0.89 Management & general $0.08 Fundraising $0.03
Program efficiency
89%
of spending reaches programs0% vs prior filing year
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate▲ +20% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +677% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$348K
FY2024▼ -3%
$358K$179K$0
FY2020FY2024
Expenses
$338K
FY2024▼ -6%
$360K$180K$0
FY2020FY2024
Total assets
$406K
FY2024▲ +3%
$406K$203K$0
FY2020FY2024
Total liabilities
$51K
FY2024▲ +4%
$83K$42K$0
FY2020FY2024
Total revenue
$348K
Pt VIII · Ln 12
Total expenses
$338K
Pt IX · Ln 25
Net assets
$355K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$406K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III
Where the work happens
1 program service account for $302K of program spending, described in the organization's own filed words · FY2023.
01
Provide quality theater, culteral and educational experience at the historic arcadia theater for area residents through a variety of adult and childrens productions. Also provides a venue for local performing arts groups.
Gerald G Ledney’s $40K as Executive Director
is at the 34th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Gerald G Ledney · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $40K · Total expenses $338K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $83K · Total expenses $338K
24%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
89%
—
—
Overhead ratio
8%
—
—
Fundraising cost ratio
10%
—
—
Revenue growth
-3%
—
—
Accounting fee ratio
3%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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