Armory Theater Fund
- Assets
- $21.7m
- Revenue
- $355.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 09/2004
- Data as of
- 06/2023
- EIN
- 20-1006407
Organization Overview
Armory Theater Fund is located in Portland, OR. The organization was established in 2004. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armory Theater Fund 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 06/2023, Armory Theater Fund generated $355.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $51.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 8 years. 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
TO RECEIVE GIFTS TO THE ARMORY THEATER FUND FOR THE DEVELOPMENT, AND MAINTENANCE OF THE BOB AND DIANA GERDING THEATER IN THE PORTLAND ARMORY, HOME OF PORTLAND CENTER STAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED REHABILITATION, RECONSTRUCTION AND MAINTENANCE OF THE HISTORIC ARMORY THEATER BUILDING INTO A PERFORMING ARTS THEATER FOR THE BENEFIT OF PORTLAND CENTER STAGE. THE THEATER HAS BEEN RECOGNIZED BY FORBES MAGAZINE AS ONE OF THE GREENEST BULDINGS IN AMERICA AND IS THE FIRST HISTORICAL RENOVATION OF A PERFORMING ARTS VENUE IN THE WORLD TO ACHIEVE A PLATINUM LEED CERTIFCATE. THE RENOVATION CONTINUES TO CONTRIBUTE TO THE REVITILIZATION OF THE PEARL DISTRICT OF PORTLAND, OREGON, PROVIDING ECONOMIC BENEFITS TO THE COMMUNITY IN THE NEAR TERM AS WELL AS A PROJECTED LONG-TERM IMPACT OF OVER $100 MILLION IN NEW ECONOMIC ACTIVITY OVER THE NEXT DECADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Greg Ness Board Chair | OfficerTrustee | 0.5 | $0 |
Tom Imeson Director | Trustee | 0.5 | $0 |
Robert Van Brocklin Director | Trustee | 0.5 | $0 |
Kelly Saito Director | Trustee | 0.5 | $0 |
Mike Golub Director | Trustee | 0.5 | $0 |
Ted Austin Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $355,915 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,915 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| 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 | $51,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $51,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,142 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,620 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,312,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,680,649 |
| Accounts payable and accrued expenses | $1,985 |
| 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 | $1,115,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,117,811 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $20,562,838 |
| 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 | $21,680,649 |