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Act 2 INC FY2021 filing

Tax-deductible

Aberdeen, SD501(c)(3)Arts & Culture EIN 46-0356747Revenue $864K in FY2021Latest return filed Nov 17, 2025

On file with the IRSAberdeen, SDTax-exempt since Aug 2014Publicly supported — 509(a)(2)

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Community Theatre to promote the interaction between the living theatre and the greater Aberdeen community. Providing an arena for the creative

501(c)(3) charity; gifts are tax-deductible.
9¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $202K a year · 26% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
9%
of spending
Concern: 9% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
39 mo
of spending, in cash
Looks good: 38.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $92K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$186K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$864K
+54% vs prior year
Spent
$543K
To programs
9%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$864K
FY2021▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2020$561K
FY2021$864K
FY2023$638K
FY2024$1.0M
Expenses
$543K
FY2021▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$432K
FY2021$543K
FY2023$604K
FY2024$693K
Net assets
$2.6M
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2023$2.5M
FY2024$2.8M

From the FY2021 Form 990 (year ending November 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2013-04-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Where the money goes

9 cents of each dollar spent went to programs.

Program services 9% · $51K Management & general 91% · $493K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Linda Peterson
Vice President
$0Pt VII · Sec A
Kathy Stuck
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Barb Evans
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
James Walker
Artistic/Managing Director
$0Pt VII · Sec A
See Act 2 INC executive salaries →

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 15aYes

Programs and updates

Presents live theatre to engage the Aberdeen community creatively.

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3 programs · $51K · in their own filed words · FY2020
01

Cinema

Cinematography for local area cinamtographers

$25Kprogram expense
02

Theatre Performances with/for local actors of all ages.

$18Kprogram expense
03

Young Peoples Theatre

Theatre perfomances for area youth actors

$7Kprogram 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
South Dakota Community FoundationFY2024$85K
Charities Aid Foundation AmericaFY2024$7K
Total grants receivedfrom 2 funders$92K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$864K
Ln 12
Gifts and grantsLn 1h$614K
Fees for servicesLn 2g$160K
Investment incomeLn 3$83K
Money outPt IX
$543K
Ln 25
Programscol B$51K
Managementcol C$493K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$2.8M
LiabilitiesLn 26$186K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$614K
Government grantsLn 1e$281K
Fees for servicesLn 2g$160K
Investment incomeLn 3$83K
Other incomeLn 4–11$7K
Total revenueLn 12$864K
Assets in detailPt X, end of year
CashLn 1$462K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$2.8M
LiabilitiesLn 26$186K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 511
VolunteersI 6300
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.4M$1.7M
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$2.5M$2.8M
LiabilitiesLn 26$169K$186K
Net assetsLn 32$2.3M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$143K$0$143K$0
Other employee benefitsLn 9$18K$0$18K$0
Payroll taxesLn 10$17K$0$17K$0
Advertising and promotionLn 12$8K$7K$900$0
Office expensesLn 13$1K$76$1K$0
RoyaltiesLn 15$7K$7K$0$0
OccupancyLn 16$27K$0$27K$0
TravelLn 17$259$259$0$0
Depreciation, depletion and amortizationLn 22$77K$0$77K$0
InsuranceLn 23$9K$0$9K$0
Other expenses (24a–d)Ln 24$67K$11K$56K$0
All other expensesLn 24e$168K$24K$143K$0
Total functional expensesLn 25$543K$51K$493K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $1.0M$693K$326K$2.8M 990 PDF
FY2023Filed with the IRS Mar 14, 2024 $638K$604K$33K$2.5M 990 PDF
FY2022 Not on file
FY2021 ViewingFiled with the IRS Mar 26, 2022 $864K$543K$321K$2.6M 990 PDF
FY2020Filed with the IRS Feb 2, 2021 $561K$432K$130K$2.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $864,069 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $408,669$613,910
I-9 Program service revenuePrior year $74,192$159,613
I-10 Investment incomePrior year $69,478$83,496
I-11 Other revenuePrior year $9,145$7,050
I-12 Total revenuePrior year $561,484$864,069
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $160,127$178,005
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $271,730$365,284
I-18 Total expensesPrior year $431,857$543,289
I-19 Revenue less expensesPrior year $129,627$320,780
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $864,069 across 7 lines filed
Lines not itemized here account for $89,111 of total revenue; see the IRS return.
VIII-1e Government grants$281,261
VIII-1f All other contributions, gifts and grants$332,649
VIII-1h Total contributions, gifts and grants$613,910
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$70,502
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$83,496
VIII-6 Net rental income or lossRelated to mission $7,050$7,050
VIII-12 Total revenueRelated to mission $250,159 · Unrelated business $0 · Excluded from tax $0$864,069
Part IX · Statement of functional expenses $543,289 across 12 lines filed
IX-7 Other salaries and wagesPrograms $0 · Management $143,383 · Fundraising $0$143,383
IX-9 Other employee benefitsPrograms $0 · Management $18,012 · Fundraising $0$18,012
IX-10 Payroll taxesPrograms $0 · Management $16,610 · Fundraising $0$16,610
IX-12 Advertising and promotionPrograms $7,444 · Management $900 · Fundraising $0$8,344
IX-13 Office expensesPrograms $76 · Management $1,397 · Fundraising $0$1,473
IX-15 RoyaltiesPrograms $7,120 · Management $0 · Fundraising $0$7,120
IX-16 OccupancyPrograms $0 · Management $27,024 · Fundraising $0$27,024
IX-17 TravelPrograms $259 · Management $0 · Fundraising $0$259
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $77,284 · Fundraising $0$77,284
IX-23 InsurancePrograms $0 · Management $8,820 · Fundraising $0$8,820
IX-24 Other expenses (24a–d)Programs $11,274 · Management $55,831 · Fundraising $0$67,105
IX-24e All other expensesPrograms $24,414 · Management $143,441 · Fundraising $0$167,855
IX-25 Total functional expensesPrograms $50,587 · Management $492,702 · Fundraising $0$543,289
Part X · Balance sheet $2,751,827 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $120,512$462,154
X-2 Savings and temporary cash investmentsStart of year $1,304,928$1,284,317
X-10c Land, buildings and equipment, netStart of year $1,081,823$1,005,356
X-16 Total assetsStart of year $2,507,263$2,751,827
X-17 Accounts payable and accrued expensesStart of year $127,719$185,754
X-23 Secured mortgages and notes payableStart of year $41,360$0
X-26 Total liabilitiesStart of year $169,079$185,754
X-27 Net assets without donor restrictionsStart of year $1,447,492$1,007,837
X-28 Net assets with donor restrictionsStart of year $890,692$1,558,236
X-32 Total net assets or fund balancesStart of year $2,338,184$2,566,073
X-33 Total liabilities and net assetsStart of year $2,507,263$2,751,827
Part XI · Reconciliation of net assets $2,566,073 net assets at year end
XI-1 Total revenue$864,069
XI-2 Total expenses$543,289
XI-3 Revenue less expenses$320,780
XI-4 Net assets at start of year$2,338,184
XI-8 Prior period adjustments−$92,891
XI-10 Net assets at end of year$2,566,073

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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