Story Theater Company

Tax-deductible

Ames, IA501(c)(3)Arts & CultureEIN 76-0842889Revenue $209K in FY2024

On file with the IRSstorytheatercompany.org1609 Golden Aspen Dr Ste 105, 50010-8078 · Ames, IATax-exempt since Feb 2007Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the organization is to increase the number of theatrical opportunities for the children of ames and the surrounding communities by providing workshops and performances and to expose them to positive role models from the iowa state university Theater department who teach them the fundamentals of Theater while encouraging self-confidence, responsibility, and teamwork.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
2 of 2
filings with a surplus
Average surplus $8K a year · 4% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 3% of spending
Top officer’s pay lower than 98% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$209K
+3% vs prior year
Spent
$206K
To programs
93%
Net assets
$79K
By yearFY2020–FY2024
Revenue
$209K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$57K
FY2021$139K
FY2022$153K
FY2023$203K
FY2024$209K
Expenses
$206K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$189K
FY2024$206K
Net assets
$79K
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$69K
FY2021$95K
FY2022$62K
FY2023$76K
FY2024$79K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2007.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $192K Management & general 7% · $14K Fundraising 0% · $316

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

14 people listed on the 990; $6K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$2,635Pt VII · Sec A
Vice Preside
$2,550Pt VII · Sec A
Director
$800Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Amy Divine’s $3K as President is at the 2nd percentile of top reported officer pay among 2216 $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.

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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

Provides theater workshops and performances for children, fostering confidence and teamwork.

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Provided by the organization

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2 programs · $192K · in their own filed words · FY2024
01

Children's Theater Productions

To offer quality theatrical opportunities for children in ames and the surrounding communities through theater performances with positive role models who teach the fundamentals of theater in a positive and welcoming environment that encourages self confidence, responsibility and teamwork.

$122Kprogram expense
02

Children's Theater Workshops

To offer quality theatrical opportunities for children in ames and the surrounding communities through workshops with positive role models who teach the fundamentals of theater in a positive and welcoming environment that encourages self confidence, responsibility and teamwork.

$70Kprogram 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$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$209K
Ln 12
Gifts and grantsLn 1h$120K
Fees for servicesLn 2g$76K
Other incomeLn 4–11$8K
Money outPt IX
$206K
Ln 25
Programscol B$192K
Managementcol C$14K
Fundraisingcol D$316
Owns and owesPt X
$79K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$81K
LiabilitiesLn 26$2K
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$120K
Government grantsLn 1e$33K
Fees for servicesLn 2g$76K
Investment incomeLn 3$5K
Other incomeLn 4–11$8K
Total revenueLn 12$209K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Other assetsLn 15$52K
Total assetsLn 16$81K
LiabilitiesLn 26$2K
Net assetsLn 32$79K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$101K$27K
Total assetsLn 16$102K$81K
LiabilitiesLn 26$26K$2K
Net assetsLn 32$76K$79K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$634$634
Pay of current officers, directors and key staffLn 5$6K$6K
Other salaries and wagesLn 7$49K$45K$5K
Payroll taxesLn 10$4K$3K$353
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$511$511
Other fees for servicesLn 11g$34K$34K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$2K$262$1K
OccupancyLn 16$63K$62K$509
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$37K$34K$3K$316
All other expensesLn 24e$788$378$410
Total functional expensesLn 25$206K$192K$14K$316

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $209K$206K$3K$79K 990 PDF
FY2023 $203K$189K$13K$76K 990 PDF
FY2022 $153K$62K 990 PDF
FY2021 $139K$95K 990 PDF
FY2020 $57K$69K 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 FY2024 990 (6 parts)
Part I · Summary $209,154 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,629$120,220
I-9 Program service revenuePrior year $120,130$75,844
I-10 Investment incomePrior year $6,823$4,908
I-11 Other revenuePrior year $3,168$8,182
I-12 Total revenuePrior year $202,750$209,154
I-13 Grants and similar amounts paid$634
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $49,571$59,040
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $139,882$146,247
I-18 Total expensesPrior year $189,453$205,921
I-19 Revenue less expensesPrior year $13,297$3,233
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $209,154 across 8 lines filed
Lines not itemized here account for $4,534 of total revenue; see the IRS return.
VIII-1e Government grants$32,740
VIII-1f All other contributions, gifts and grants$87,480
VIII-1h Total contributions, gifts and grants$120,220
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,844$75,844
VIII-3 Investment incomeExcluded from tax $4,908$4,908
VIII-6 Net rental income or lossRelated to mission $400 · Excluded from tax $170$570
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,078$3,078
VIII-12 Total revenueRelated to mission $83,856 · Excluded from tax $5,078$209,154
Part IX · Statement of functional expenses $205,921 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $634$634
IX-5 Pay of current officers, directors and key staffPrograms $5,985$5,985
IX-7 Other salaries and wagesPrograms $44,665 · Management $4,620$49,285
IX-10 Payroll taxesPrograms $3,417 · Management $353$3,770
IX-11c Accounting feesManagement $1,594$1,594
IX-11f Investment management feesManagement $511$511
IX-11g Other fees for servicesPrograms $34,307$34,307
IX-12 Advertising and promotionPrograms $4,414$4,414
IX-13 Office expensesPrograms $262 · Management $1,437$1,699
IX-16 OccupancyPrograms $61,993 · Management $509$62,502
IX-23 InsurancePrograms $1,702 · Management $2,089$3,791
IX-24 Other expenses (24a–d)Programs $33,765 · Management $2,560 · Fundraising $316$36,641
IX-24e All other expensesPrograms $378 · Management $410$788
IX-25 Total functional expensesPrograms $191,522 · Management $14,083 · Fundraising $316$205,921
Part X · Balance sheet $81,014 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $100,704$26,666
X-9 Prepaid expenses and deferred chargesStart of year $1,148$2,053
X-15 Other assets$52,295
X-16 Total assetsStart of year $101,852$81,014
X-17 Accounts payable and accrued expensesStart of year $26,351$2,186
X-26 Total liabilitiesStart of year $26,351$2,186
X-27 Net assets without donor restrictionsStart of year $75,501$78,828
X-32 Total net assets or fund balancesStart of year $75,501$78,828
X-33 Total liabilities and net assetsStart of year $101,852$81,014
Part XI · Reconciliation of net assets $78,828 net assets at year end
XI-1 Total revenue$209,154
XI-2 Total expenses$205,921
XI-3 Revenue less expenses$3,233
XI-4 Net assets at start of year$75,501
XI-8 Prior period adjustments$94
XI-10 Net assets at end of year$78,828

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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