Majestic Theatre Inc
- Assets
- $1.6m
- Revenue
- $468.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chillicothe, OH
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 31-1288939
Organization Overview
Majestic Theatre Inc is located in Chillicothe, OH. The organization was established in 1990. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Majestic 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 06/2022, Majestic Theatre Inc generated $468.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $201.5k during the year ending 06/2022. While expenses have increased by 13.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE INTEREST IN THE LOCAL AND SURROUNDING AREA IN THE THEATER, AND TO PRESERVE AND RENOVATE THE HISTORICALLY SIGNIFICANT MAJESTIC THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAJESTIC THEATRE CONTINUES TO PRODUCE THEATRICAL PERFORMANCES AS WELL AS PROGRAMS OF A COMMUNITY INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Hoyet President | OfficerTrustee | 4 | $0 |
Melody Young Treasurer | OfficerTrustee | 0 | $0 |
David Blosser Vice President | OfficerTrustee | 0 | $0 |
Gene Betts Secretary | OfficerTrustee | 0 | $0 |
Carie Wolfe Board Member | Trustee | 0 | $0 |
Jana Detty Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,010 |
| Total Program Service Revenue | $87,414 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,132 |
| 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 | $3,276 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $468,914 |
| 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 | $1,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,049 |
| Office expenses | $6,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,524 |
| 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 | $74,408 |
| Insurance | $14,051 |
| All other expenses | $392 |
| Total functional expenses | $201,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,654 |
| Savings and temporary cash investments | $290,815 |
| 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 | $1,274,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,088 |
| Total assets | $1,608,327 |
| Accounts payable and accrued expenses | $391 |
| 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 | $0 |
| Total liabilities | $391 |
| Net assets without donor restrictions | $0 |
| 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 | $1,607,936 |
| Total liabilities and net assets/fund balances | $1,608,327 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Majestic Theatre Inc has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Chillicothe-Ross Community Foundation Inc Chillicothe, OH PURPOSE: TO PROMOTE THE CITY OF CHILLICOTHE AND ROSS COUNTY. | $60,000 |
David Meade Massie Trust Chillicothe, OH PURPOSE: MATCHING GRANT FOR RENOVATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Community Center Cincinnati, OH | $42,849,507 | $12,688,103 |
Greater Midland Community Centers Inc Midland, MI | $48,025,321 | $35,293,302 |
Neighborhood Alliance Lorain, OH | $4,241,501 | $5,326,902 |
Raymond And Mirim Klein Jcc Philadelphia, PA | $5,761,678 | $5,591,664 |
Kaiserman Jewish Community Ctr Haverford, PA | $3,173,049 | $4,057,949 |
Neighborhood Club Grosse Pointe, MI | $14,484,889 | $2,773,010 |
Kingsley Association Pittsburgh, PA | $9,182,378 | $1,988,387 |
Salem Community Center Association Inc Salem, OH | $10,935,309 | $2,579,852 |
Louisville Central Community Center Inc Louisville, KY | $9,005,846 | $2,345,144 |
Y B M C Corporation Pierceton, IN | $1,737,147 | $1,674,529 |
Miller Center For Recreation And Wellness Lewisburg, PA | $11,558,800 | $1,058,852 |
Friendly House Association Of Mansfield Ohio Mansfield, OH | $4,175,699 | $1,472,609 |