Masonic Theatre Preservation Foundation
- Assets
- $6.0m
- Revenue
- $457.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Clifton Forge, VA
- Founding
- 03/2010
- Data as of
- 06/2022
- 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 06/2022, Masonic Theatre Preservation Foundation employed 6 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 06/2022, Masonic Theatre Preservation Foundation generated $457.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $94.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 7 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
2022
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 |
|---|---|---|---|
Gayle Hillert President | OfficerTrustee | 2 | $0 |
Brandon Caldwell Treasurer | OfficerTrustee | 2 | $0 |
Justin Reiter Executive Di | OfficerTrustee | 40 | $0 |
Susan Goings Secretary | OfficerTrustee | 2 | $0 |
Glenn Bryant Director | Trustee | 3 | $0 |
Darlene Burcham Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $305,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $424,070 |
| Total Program Service Revenue | $32,988 |
| 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 | $457,058 |
| 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 | $61,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,138 |
| Fees for services: Accounting | $3,075 |
| 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 | $1,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $238 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,710 |
| Insurance | $2,388 |
| All other expenses | $0 |
| Total functional expenses | $94,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,082 |
| 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 | $4,300,966 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $183,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $369,165 |
| Intangible assets | $0 |
| Other assets | $1,171,362 |
| Total assets | $6,044,823 |
| Accounts payable and accrued expenses | $25 |
| 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 | $4,643 |
| Total liabilities | $4,668 |
| Net assets without donor restrictions | $5,877,934 |
| Net assets with donor restrictions | $162,221 |
| 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 | $6,044,823 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Masonic Theatre Preservation Foundation has recieved totaling $377,637.
| Awarding Organization | Amount |
|---|---|
Alleghany Foundation Covington, VA PURPOSE: STAFFING OPERATIONS | $168,445 |
Alleghany Foundation Covington, VA PURPOSE: OPERATING SUPPORT FOR REMAINING TAX CREDIT COMPLIANCE PERIOD & 2022 | $160,000 |
Alleghany Foundation Covington, VA PURPOSE: STAFFING OPERATIONS | $27,055 |
Alleghany Foundation Covington, VA PURPOSE: OPERATIONAL/RELIEF FUNDING UNDER COVID-19 RESTRICTIONS | $16,638 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $5,184 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $315 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Links Trust Washington, DC | $8,914,003 | $10,793,468 |
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
National Archives Foundation Washington, DC | $14,544,421 | $8,935,036 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
House Of The Temple Historic Preservation Foundation Inc Washington, DC | $31,687,828 | $5,822,669 |
Historic Annapolis Inc Annapolis, MD | $11,216,187 | $4,170,932 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Supreme Court Historical Society The Society Washington, DC | $17,156,338 | $2,945,998 |