The Byrd Theatre Foundation

Organization Overview

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 06/2023, Byrd Theatre Foundation employed 33 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 06/2021, Byrd Theatre Foundation generated $563.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $640.6k during the year ending 06/2021. While expenses have increased by 16.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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.


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Board, Officers & Key Employees

Name (title)Compensation
Martin Davenport
Chair
$0
Jeannie Welliver
Chair Nominee
$0
Robin Ashworth
Vice Chair
$0
Frank Rizzo
Treasurer
$0
Chris Banta
Secretary
$0
Dr Keith Miller
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$375,392
Investment income $1,124
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$3,863
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $39,454
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $563,364

Peer Organizations

Organization NameAssets
North Carolina Performing Arts Center At Charlotte Foundation
Charlotte, NC
$45,746,637
Tennessee Performing Arts Center Management Corporation
Nashville, TN
$25,885,364
Historic Tennessee Theatre Foundation
Knoxville, TN
$18,045,140
Louisville Theatrical Association
Louisville, KY
$11,227,516
Lyric Foundation Inc
Baltimore, MD
$9,818,271
Strathmore Hall Foundation Inc
North Bethesda, MD
$8,322,288
Washington Performing Arts Society
Washington, DC
$4,794,870
Luther F Carson Four Rivers Center Inc
Paducah, KY
$8,140,961
Maryland Hall For The Creative Arts Inc
Annapolis, MD
$3,966,832
Arts Of Southern Kentucky Inc
Bowling Green, KY
$4,740,455
Belcourt Theatre Inc
Nashville, TN
$3,381,310
Atlas Performing Arts Center
Washington, DC
$2,775,528
Academy Center Of The Arts Inc
Lynchburg, VA
$2,549,867
Hippodrome Foundation Inc
Baltimore, MD
$12,259,696
Maryland Theatre Association Inc
Hagerstown, MD
$2,112,353
Bijou Theater Center
Knoxville, TN
$3,906,222
Pack Place Performing Arts
Asheville, NC
$1,932,942
North Carolina Soybean Producers
Raleigh, NC
$2,484,273
Words Beats And Life Inc
Washington, DC
$1,939,183
Zeiders American Dream Theater
Virginia Beach, VA
$1,666,651
Avalon Theatre Project Inc
Washington, DC
$1,586,949
Federal City Performing Arts Association Inc
Washington, DC
$1,332,095
The National Theatre Foundation
Washington, DC
$1,353,760
Richmond Performing Arts Alliance
Richmond, VA
$2,881,535
Maryland Grain Producers Utilization Board Inc
Chester, MD
$1,749,094

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