Stranahan Theater Trust

Tax-deductible

Toledo, OH501(c)(3)Since 1969Arts & CultureEIN 34-6560639Revenue $2.7M in FY2025

On file with the IRSstranahantheater.com4645 Heatherdowns Blvd, 43614-3154 · Toledo, OHTax-exempt since Aug 1963Publicly supported — 509(a)(2)

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The Stranahan Theater Trust provides a wide variety of programming and performing arts experiences for diverse audiences that enrich the quality of life in our community.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $559K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 17.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $463K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-4% vs prior year
Spent
$2.4M
To programs
79%
Net assets
$5.3M
By yearFY2021–FY2025
Revenue
$2.7M
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.8M
FY2022$3.6M
FY2023$3.0M
FY2024$2.8M
FY2025$2.7M
Expenses
$2.4M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.9M
FY2022$2.2M
FY2023$2.3M
FY2024$2.3M
FY2025$2.4M
Net assets
$5.3M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.4M
FY2022$3.8M
FY2023$4.5M
FY2024$5.0M
FY2025$5.3M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1963.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.9M Management & general 21% · $521K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Trustee (ending 12/31/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
General Manager (9/1/24-12/15/24)
$0Pt VII · Sec A

Cheryl Byrne’s $107K as Interim Executive Director End 11/22 is at the 38th percentile of top reported officer pay among 3925 $1–10M 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 · 3 named individuals · Part VII

NameFY2023FY2022
Dennis Sankovich—$31,846
Stephen Hyman—$29,192
Cheryl Byrne$10,769—

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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Presents diverse entertainment in a large theater, enriching community life.

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Provided by the organization

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1 program · $1.9M · in their own filed words · FY2024
01

The stranahan theater trust was established as a non-profit in 1969 and has operated continuously since then. Operating as the stranahan, it has been used as a premier non-profit venue by citizens throughout northwest ohio and southeast michigan.

$1.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$463K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.1M
Gifts and grantsLn 1h$489K
Investment incomeLn 3$113K
Money outPt IX
$2.4M
Ln 25
Programscol B$1.9M
Managementcol C$521K
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$6.8M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$489K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$113K
Gains on assetsLn 7−$2K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$3.5M
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$39K
Total assetsLn 16$6.8M
LiabilitiesLn 26$1.5M
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.4M$3.5M
Land, buildings, equipmentLn 10c$3.0M$2.8M
Total assetsLn 16$6.6M$6.8M
LiabilitiesLn 26$1.6M$1.5M
Net assetsLn 32$5.0M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$1.2M$869K$283K
Legal feesLn 11b$31K$31K
Accounting feesLn 11c$36K$36K
Other fees for servicesLn 11g$68K$860$67K
Advertising and promotionLn 12$26K$1K$24K
Office expensesLn 13$11K$3K$8K
OccupancyLn 16$142K$135K$7K
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$369K$367K$2K
InsuranceLn 23$112K$104K$8K
Other expenses (24a–d)Ln 24$424K$404K$20K
All other expensesLn 24e$62K$37K$24K
Total functional expensesLn 25$2.4M$1.9M$521K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.7M$2.4M$264K$5.3M 990 PDF
FY2024 $2.8M$2.3M$512K$5.0M 990 PDF
FY2023 $3.0M$2.3M$738K$4.5M 990 PDF
FY2022 $3.6M$2.2M$1.4M$3.8M 990 PDF
FY2021 $1.8M$1.9M−$98K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,706,693 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $492,999$488,992
I-9 Program service revenuePrior year $2,235,032$2,104,568
I-10 Investment incomePrior year $101,741$113,133
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,829,772$2,706,693
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,317,583$2,442,431
I-18 Total expensesPrior year $2,317,583$2,442,431
I-19 Revenue less expensesPrior year $512,189$264,262
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,706,693 across 6 lines filed
Lines not itemized here account for $180,418 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$488,992
VIII-1h Total contributions, gifts and grants$488,992
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,924,150$1,924,150
VIII-3 Investment incomeExcluded from tax $114,704$114,704
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,571−$1,571
VIII-12 Total revenueRelated to mission $2,104,568 · Unrelated business $0 · Excluded from tax $113,133$2,706,693
Part IX · Statement of functional expenses $2,442,431 across 12 lines filed
IX-11a Management feesPrograms $868,561 · Management $283,115$1,151,676
IX-11b Legal feesManagement $31,448$31,448
IX-11c Accounting feesManagement $35,945$35,945
IX-11g Other fees for servicesPrograms $860 · Management $66,941$67,801
IX-12 Advertising and promotionPrograms $1,405 · Management $24,103$25,508
IX-13 Office expensesPrograms $2,937 · Management $7,843$10,780
IX-16 OccupancyPrograms $134,972 · Management $7,217$142,189
IX-20 InterestManagement $9,556$9,556
IX-22 Depreciation, depletion and amortizationPrograms $366,546 · Management $2,366$368,912
IX-23 InsurancePrograms $103,985 · Management $8,369$112,354
IX-24 Other expenses (24a–d)Programs $404,250 · Management $20,087$424,337
IX-24e All other expensesPrograms $37,479 · Management $24,446$61,925
IX-25 Total functional expensesPrograms $1,920,995 · Management $521,436 · Fundraising $0$2,442,431
Part X · Balance sheet $6,757,085 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,266,020$2,461,259
X-2 Savings and temporary cash investmentsStart of year $1,108,274$1,058,334
X-3 Pledges and grants receivableStart of year $68,876$65,385
X-4 Accounts receivableStart of year $74,048$172,422
X-8 Inventories for sale or useStart of year $22,827$17,788
X-9 Prepaid expenses and deferred chargesStart of year $16,861$105,084
X-10c Land, buildings and equipment, netStart of year $3,007,758$2,837,974
X-15 Other assetsStart of year $45,194$38,839
X-16 Total assetsStart of year $6,609,858$6,757,085
X-17 Accounts payable and accrued expensesStart of year $607,079$452,729
X-19 Deferred revenueStart of year $272,979$274,887
X-25 Other liabilitiesStart of year $704,638$740,045
X-26 Total liabilitiesStart of year $1,584,696$1,467,661
X-27 Net assets without donor restrictionsStart of year $5,025,162$5,289,424
X-32 Total net assets or fund balancesStart of year $5,025,162$5,289,424
X-33 Total liabilities and net assetsStart of year $6,609,858$6,757,085
Part XI · Reconciliation of net assets $5,289,424 net assets at year end
XI-1 Total revenue$2,706,693
XI-2 Total expenses$2,442,431
XI-3 Revenue less expenses$264,262
XI-4 Net assets at start of year$5,025,162
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,289,424

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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