Masonic Theatre Preservation Foundation
- Assets
- $8.0m
- Revenue
- $477.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Clifton Forge, VA
- Founding
- 03/2010
- Data as of
- 06/2023
- EIN
- 27-0440123
Organization Overview
Masonic Theatre Preservation Foundation is located in Clifton Forge, VA. The organization was established in 2010. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Masonic Theatre Preservation Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Theatre Preservation Foundation 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, Masonic Theatre Preservation Foundation generated $477.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $802.9k during the year ending 06/2023. 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
THE MISSION OF THE MASONIC THEATRE PRESERVATION FOUNDATION IS TO SERVE THE GREATER ALLEGHANY HIGHLANDS COMMUNITY WITH A VARIETY OF EDUCATIONAL, ENTERTAINMENT, BUSINESS, AND SOCIAL PROGRAMS TO SUPPORT THE REVITALIZED HISTORIC MASONIC THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MASONIC THEATRE PRESERVATION FOUNDATION SERVES THE GREATER ALLEGHANY HIGHLANDS COMMUNITY WITH A VARIETY OF EDUCATIONAL, ENTERTAINMENT, BUSINESS, AND SOCIAL PROGRAMS; AND PARTNERS WITH ORGANIZATIONS IN NEED OF A FACILITY TO HOST PROGRAMS. BY DOING SO, THE MASONIC THEATRE AND AMPHITHEATRE IS UTILIZED IN PROVIDING FIRST-CLASS VENUES FOR THE PERFORMING ARTS AS WELL AS MULTI-USE SPACE FOR COMMUNITY ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Reiter Executive Di | OfficerTrustee | 40 | $72,013 |
David Crosier President | OfficerTrustee | 5 | $0 |
David Hipes Treasurer | OfficerTrustee | 5 | $0 |
Glenn Bryant Director | Trustee | 2 | $0 |
Kathy Bryant Director | Trustee | 2 | $0 |
Glen Bryant Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,051 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,008 |
| Total Program Service Revenue | $193,098 |
| 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 | $8,205 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $477,311 |
| 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. | $72,013 |
| Compensation of current officers, directors, key employees. | $14,403 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,893 |
| Fees for services: Accounting | $14,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,832 |
| Advertising and promotion | $26,310 |
| Office expenses | $8,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,896 |
| Travel | $291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,552 |
| Insurance | $56,542 |
| All other expenses | $0 |
| Total functional expenses | $802,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,714 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $7,726,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $254,218 |
| Other assets | $0 |
| Total assets | $8,000,446 |
| Accounts payable and accrued expenses | $34,008 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,123 |
| Total liabilities | $78,131 |
| Net assets without donor restrictions | $7,922,315 |
| Net assets with donor restrictions | $0 |
| 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 | $8,000,446 |