Annual Report 2021

2021 Financial Highlights

The Crandell Theatre Annual Report for 2021 (distributed at the close of 2022) reflects a year in transition following the 16-month closure of the theater due to COVID-19. Through our 553 memberships (as of 12/21), generous contributions, grants to help shuttered businesses during the pandemic, PPP loan forgiveness, and a modified FilmColumbia, the theater returned to operation. Below is a breakdown of income and expenses for the 2021 operating year.

INCOME/OPERATING REVENUE

Grants $220,628
Contributions $129,403
Theater Box Office & Concessions $103,696
Membership$18,630
Rental Income $13,752
Misc. Income $467
Total Operating Revenue$486,578

Contributions to Capital Campaign $89,305
Forgiveness PPP Loans $63,560
Interest Income $427

Unrestricted Net Assets $1,233,389
Capital Funds/Pledges (Restricted Net Assets) $1,062,885

TOTAL NET ASSETS $2,296,274

EXPENSES

Program $205,634
Management & General $98,296
Fundraising $28,494
Depreciation $27,094

TOTAL OPERATING EXPENSES $359,518