The Byrd Theatre Foundation is located in Richmond, VA. The organization was established in 2002. 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 06/2022, Byrd Theatre Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Byrd Theatre 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 06/2020, Byrd Theatre Foundation generated $676.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.3% each year . All expenses for the organization totaled $550.0k during the year ending 06/2020. While expenses have increased by 16.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND THE BIG SCREEN EXPERIENCE, CELEBRATE THE ART OF CINEMA AND PRESERVE VIRGINIA'S GRAND MOTION PICTURE PALACE, WITH A VISION TO ELEVATE THE BYRD'S LANDMARK POSITION AMONG AMERICAN THEATERS AS A CENTER FOR FILM THAT CONTINUES TO PROVIDE THE BROADEST POSSIBLE PUBLIC ACCESS TO EXCEPTIONAL CINEMATIC EXPERIENCES,
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPACITY BUILDING FOR GROWTH:DESPITE THE CLOSURE OF THE THEATRE DURING MONTHS OF THIS FISCAL YEAR DUE TO COVID, THE FOUNDATION MADE MAJOR STRIDES IN CAPACITY BUILDING. THE FOUNDATION USED FUNDS RAISED IN PREVIOUS YEARS TO HIRE ITS FIRST EXECUTIVE DIRECTOR WHO ARRIVED AFTER THE THEATRE HAD BEEN CLOSED TO COVID. HOWEVER, WITHIN A FEW MONTHS WHEN THE STATE AND CITY ALLOWED RE-OPENING OF THE VENUE, THE COMPANY RE-OPENED AND DEVELOPED NEW REVENUE STREAMS DESPITE EXTREMELY LIMITED CAPACITIES. ALL CDC PROTOCALS WERE IMPLEMENTED AS WELL AS NINE MONTHS OF WORK TO THE HVAC SYSTEM. THIS MAINTENANCE WORK INCLUDED A SYSTEM WIDE CLEANING OF THE HVAC SYSTEM AND INSTALLING A TRIPLE FILTRATION SYSTEM USING HOSPITAL GRADE FILTERS AND U/V LIGHTING TO ELIMINATE AS MUCH OF THE VIRUS AS POSSIBLE AND ESTABLISH MODERN MAINTENANCE OF THIS SYSTEM. ALSO, FUNDS WERE USED TO EMPLOY SEVERAL FULL-TIME STAFF POSITIONS TO CREATE OPERATIONAL STABILITY. DEVELOPMENT ACTIVITIES WERE BROUGHT IN HOUSE FOR THE FIRST TIME AS WELL. ALTHOUGH THE THEATRE CONTINUES TO OPERATE AT ONE-THIRD OF AVAILABLE OCCUPANCY, EVERY OPPORTUNITY HAS BEEN UTILIZED TO SAFELY BALANCE THE NEED TO BRING IN REVENUE WITH THE NEED FOR PROTECTING PATRONS AND STAFF AS COVID VARIANTS HAVE CONTINUED TO CAUSE PEAKS AND VALLEYS TO POTENTIAL INCOME AND PROGRAMMING.
RESTORATION AND IMPROVEMENTS TO THE THEATRE:LISTED ON THE STATE AND NATIONAL REGISTERS OF HISTORIC LANDMARKS, THE BYRD THEATRE OPENED NINETY YEARS AGO ON DECEMBER 24, 1928. IT HAS REMAINED OPERATIONAL AND NEARLY UNCHAGED SINCE THE DAY CONSTRUCTION WAS COMPLETED. IN 2011, THE BYRD THEATRE FOUNDATION LAUNCHED A BOLD INITIATIVE TO RAISE THE FIRST $1,800,000 FOR PHASE ONE RESTORATION PROJECTS, MORTGAGE REDUCTION AND CAPACITY BUILDING. SIGNIFICANT ACHIEVEMENTS INCLUDED REPLACEMENT OF THE ROOF, REPLACEMENTS OF THE THEATRE'S HEATING AND COOLING SYSTEMS, INSTALLATION OF A DIGITAL SERVER, INSTALLATION OF A NEW STATE-OF-THE-ART 4K PROJECTOR, ONGOING MAINTENACE AND REPAIS ON THE MIGHT WURLITZER ORGAN. MORE RECENT WORK HAS INCLUDED REPAIR AND RESTORATION OF THE THEATRE'S PLASTERWORK, INSTALLATION OF A POINT-OF-SALE SYSTEM AT THE THEATRE, REPLACEMENT OF THE THEATRE'S CENTER SECTION OF SEATS IN THE MAIN AUDITORIUM, CREATION OF A WHEELCHAIR ACCESIBLE SEATING AREA AND CONSTRUCTION OF AN ADA FAMILY RESTROOM ON THE FIRST FLOOR OF THE THEATRE.
EVOLVING THE BYRD AS A CENTER FOR FILM, FILM LITERACY, AND PROGRAM EXPANSION:THE IMPACT OF COVID DELAYED SOME OF THESE EFFORTS ALONG WITH THE ORGANIZATIONAL SHIFT DUE TO HIRING PROFESSIONAL STAFF. HOWEVER, EVERY EFFORT TO CONTINUE THIS CRITICAL GOAL CONTINUED AT SOME LEVEL. SUCCESSFUL PROGRAMMING OCCURRED DUE TO ONGOING RELATIONSHIPS WITH FILM FESTIVALS AS WELL AS NEW PARTNERSHIPS WITH LOCAL AGENCIES SUCH AS A NEW BUSINESS INCUBATOR FOR WOMEN OF COLOR THROUGH VCU THAT SCREENED NEW FILMS BY DIRECTORS OF IN THEIR PROGRAM, WORKING WITH FILM CLASSES AT VCU FOR PRESENTATION OF STUDENTS FINAL PROJECTS, WORLD PREMIERES WERE HELD IN CONJUNCTION WITH DISNEY AND THE STATE FILM OFFICE FOR VIRGINIANS WHO HAD WORKED ON THESE FILMS OR SERIES. HISTORIC PRESERVATION EFFORTS CONTINUED THROUGH COMPLETING A CONTRACT WITH AN ARCHITECTURAL FIRM AND THEN PRICING OUT ITEMS IDENTIFIED FOR REPAIR AND PRESERVATION ALONGSIDE EFFORTS TO CULTIVATE DONORS FOR AN UPCOMING CAMPAIGN TO RAISE FUNDS FOR THESE ITEMS. AND, FINALLY, THE THEATRE BEGAN WORKING IN COLLABORATION WITH THE CARYTOWN MERCHANTS ASSOCIATION TO PROGRAM ACTIVITIES TOGETHER FOR THE COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stacy Shaw Executive Director | Officer | 40 | $90,000 |
Ted Haynes Chair Nominee | OfficerTrustee | 5 | $0 |
Ben Cronly Treasurer | OfficerTrustee | 5 | $0 |
Martin Davenport Chair | OfficerTrustee | 5 | $0 |
Beth Schulhof Secretary | OfficerTrustee | 2 | $0 |
Robin Ashworth Vice Chair | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $531,008 |
Investment income | $8,493 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $13,397 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $123,956 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $676,854 |
Statement of Expenses | |
---|---|
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 to disqualified persons | $0 |
Other salaries and wages | $93,137 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $8,252 |
Fees for services: Management | $838 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $13,308 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $36,000 |
Advertising and promotion | $11,961 |
Office expenses | $626 |
Information technology | $5,743 |
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 | $37,162 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $92,743 |
Insurance | $22,280 |
All other expenses | $0 |
Total functional expenses | $549,961 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $705,991 |
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 | $129,295 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,157,495 |
Accounts payable and accrued expenses | $0 |
Grants payable | $168,846 |
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 | $762,127 |
Other liabilities | $1,155 |
Total liabilities | $932,128 |
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 |
Total liabilities and net assets/fund balances | $1,225,367 |
Over the last fiscal year, we have identified 10 grants that The Byrd Theatre Foundation has recieved totaling $154,923.
Awarding Organization | Amount |
---|---|
The Pauley Family Foundation Richmond, VA PURPOSE: ANNUAL SUPPORT | $100,000 |
Reinhart Foundation Richmond, VA PURPOSE: FOR GENERAL CHARITABLE PURPOSES. | $20,000 |
Durham Foundation 055006540546 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $20,000 |
White Trivas Family Foundation Inc Naples, FL PURPOSE: CHARITABLE | $5,000 |
Mary Morton Parsons Foundation Richmond, VA PURPOSE: SUPPORT GENERAL OPERATIONS | $5,000 |
Morton G & Nancy P Thalhimer Foundation Glen Allen, VA PURPOSE: FULFILL EXEMPT PURPOSE | $2,500 |
Organization Name | Assets | Revenue |
---|---|---|
North Carolina Performing Arts Center At Charlotte Foundation Charlotte, NC | $47,388,531 | $23,681,356 |
Tennessee Performing Arts Center Management Corporation Nashville, TN | $35,782,071 | $25,885,364 |
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Washington Performing Arts Society Washington, DC | $12,549,147 | $4,886,462 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Arts Of Southern Kentucky Inc Bowling Green, KY | $7,056,878 | $5,434,508 |
Lyric Foundation Inc Baltimore, MD | $19,508,427 | $4,826,860 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |
Hippodrome Foundation Inc Baltimore, MD | $13,272,762 | $8,345,176 |
Bijou Theater Center Knoxville, TN | $4,966,166 | $3,906,222 |
Maryland Hall For The Creative Arts Inc Annapolis, MD | $14,959,941 | $1,722,678 |