Liberty Theatre Foundation Inc
- Assets
- $1.3m
- Revenue
- $27.4k
- Investments
- $0.0
- Employees
- 0
- Location
- La Grande, OR
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-3781829
Organization Overview
Liberty Theatre Foundation Inc is located in La Grande, OR. The organization was established in 2012. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Theatre Foundation 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 12/2023, Liberty Theatre Foundation Inc generated $27.4k 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 (16.5%) each year. All expenses for the organization totaled $15.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REHABILITATION AND RESTORATION OF A HISTORIC THEATRE ACCORDING TO NATIONAL PARK SERVICE STANDARDS. THE MISSION IS TO OPEN THE THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 THE FOUNDATION WAS FOCUSED ON PRIORITIZING MEETING THE REQUIREMENTS FOR THE ECONOMIC DEVELOPMENT ADMINISTRATION GRANT THAT WAS AWARDED IN LATE 2022. THE FOUNDATION MADE GREAT PROGRESS AND EXPECTS TO SOLICIT BIDS IN Q1 OF 2024 FOR A CONTRACTOR TO FINISH THE PROJECT BY Q3 OF 2024
THE AUDITORIUM CEILING WAS COMPLETELY FINISHED: LIGHTING AND FIRE SUPPRESSION INSTALLATIONS WERE COMPLETED AND CEILING PAINTED. THIS INCLUDED THE DESIGNING AND PAINTING OF THE CHANDELIERS MEDALLION ON THE CEILING AROUND THE POINT WHERE THE CHANDELIER IS HUNG FROM. THE RESTORED CHANDELIER WAS ALSO INSTALLED AND LIT UP FOR THE FIRST TIME SINCE 1959. SHORTLY AFTER THAT, THE LARGE TEMPORARY WORK PLATFORM WAS REMOVED. THIS PLATFORM WAS IN PLACE FOR ABOUT 22 MONTHS AND ALLOWED CREWS TO WORK ON THE RESTORATION OF THE CEILING FROMA STABLE AND FLAT FLOOR ONLY 12 FEET BELOW THE CEILING. AFTER THE REMOVAL OF THE WORK PLATFORM, CREWS TURNED THEIR FOCUS TO FRAMING. THE LARGE, CURVED WALLS THAT TRANSITION FROM THE EXTERIOR WALLS OF THE THEATER INTO THE STAGE PROSCENIUM WERE FRAMED; WHICH INCLUDED ARCHED ENTRYWAYS ONTO STAIRS LEADING UP THE STAGE, AND LARGE ALCOVES THAT WILL HOUSE THE MAIN SPEAKERS OF THE THEATERS SOUND SYSTEM. THERE WAS ADDITIONAL FRAMING IN THE BASEMENT UNDER THE STAGE, AND IN THE LOBBY. IN THE BATHREEOMS, THE REMAINING PLUMBING WORK WAS COMPLETED AND PASSED THEIR PRESSURE TESTS.OUT FRONT, THE CEILINGS OF THE ENTRYWAY AND CANOPY WERE INSULATED AND INSTALLED. THE FALSE CEILING WAS INSTALLED ABOVE THE STAGE. THIS INCLUDED THE INSTALLATION OF 15 CUSTOM DESIGNED/BUILT TRUSSES TO SPANNING OVER THE STAGE, AND TWO MASSIVE LEDGER BOARD ATTACHED TO THE WALLS THAT THE TRUSSES SAT ON. THEN DECKING WAS INSTALLED OVER THE TOP OF THE TRUSSES TO ENCLOSE THE CELING. ADDITIONAL FIRE SUPPRESSION PLUMBING WAS THEN SUSPENDED FROMT HE CEILING. THE BOARD HAS SUSPENDED RESTORATION EFFORTS UNTIL MORE FUND CAN BE RAISED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Ducote Board Member | Trustee | 2 | $0 |
Jeff Clark Vice-Chair | OfficerTrustee | 2 | $0 |
Ashley Otoole Board Chair | OfficerTrustee | 5 | $0 |
Ted Kramer Secretary & Treasure | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,344 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| 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 | $27,350 |
| 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 | $2,106 |
| Fees for services: Accounting | $3,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,150 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95 |
| Advertising and promotion | $0 |
| Office expenses | $233 |
| Information technology | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,522 |
| All other expenses | $0 |
| Total functional expenses | $15,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,538 |
| 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 | $1,295,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,310,899 |
| Accounts payable and accrued expenses | $0 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,000 |
| 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 | $1,160,899 |
| Total liabilities and net assets/fund balances | $1,310,899 |