Save The Grand Theatre Inc
- Assets
- $5.0m
- Revenue
- $789.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Frankfort, KY
- Founding
- 02/2003
- Data as of
- 05/2023
- EIN
- 03-0405779
Organization Overview
Save The Grand Theatre Inc is located in Frankfort, KY. The organization was established in 2003. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2023, Save The Grand Theatre Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Save The Grand Theatre Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Save The Grand Theatre Inc generated $789.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $595.2k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SAVE THE GRAND THEATRE, INC.'S PURPOSE AND MISSION IS TO RENOVATE AND RESTORE A HISTORIC MOVING PICTURE THEATRE INTO A VENUE FOR ART,EDUCATION PROJECTS AND PROGRAMS FOR THE COMMUNITY. THE ORGANIZATION RAISES MONIES FROM CHARITABLE, PRIVATE AND PUBLIC SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVE THE GRAND THEATRE, INC'S PURPOSE IS TO RENOVATE AN OLD MOVIE THEATRE INTO A VENUE FOR ART AND EDUCATION PROGRAMS FOR THE COMMUNITY AND REGION. THE ORGANIZATION RAISIES MONIES THROUGH CHARITABLE, PRIVATE AND PUBLIC SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Cull President/direc | OfficerTrustee | 20 | $0 |
Joyce Albro Director | Trustee | 1 | $0 |
Fontaine Banks III Secretary | OfficerTrustee | 5 | $0 |
Raven Turner Director | Trustee | 1 | $0 |
Michael Fields Director | Trustee | 1 | $0 |
William Renshaw Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,441 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,441 |
| Total Program Service Revenue | $291,002 |
| Investment income | $29,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,414 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $789,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,509 |
| Advertising and promotion | $27,640 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,596 |
| Insurance | $15,055 |
| All other expenses | $38,940 |
| Total functional expenses | $595,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $432,200 |
| Accounts receivable, net | $409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,450 |
| Net Land, buildings, and equipment | $2,891,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,044 |
| Other assets | $1,163,173 |
| Total assets | $4,985,138 |
| Accounts payable and accrued expenses | $4,912 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,413,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,417,912 |
| Net assets without donor restrictions | $2,872,519 |
| Net assets with donor restrictions | $694,707 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,985,138 |