Jack K Ayre And Frank Ayre Lee Theatre Foundation
- Assets
- $1.9m
- Revenue
- $133.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 47-1702608
Organization Overview
Jack K Ayre And Frank Ayre Lee Theatre Foundation is located in Fort Worth, TX. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jack K Ayre And Frank Ayre Lee 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 12/2022, Jack K Ayre And Frank Ayre Lee Theatre Foundation generated $133.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $131.2k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 4 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.
Since 2020, Jack K Ayre And Frank Ayre Lee Theatre Foundation has awarded 13 individual grants totaling $298,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Lee Salters President | 1 | $0 | |
Raymond Clifford Lee Vice President | 1 | $0 | |
Gary Hunter Lee Treasurer | 1 | $0 | |
Linda M Lee Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $189 |
| Dividends & Interest | $57,468 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,042 |
| Capital Gain Net Income | $74,042 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,797 |
| Total Revenue | $133,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,668 |
| Total operating and administrative expenses | $27,663 |
| Contributions, gifts, grants paid | $103,500 |
| Total expenses and disbursements | $131,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,305 |
| Savings and temporary cash investments | $103,619 |
| Net Accounts receivable | $1,133 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,760 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,055,813 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,907,782 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jack K Ayre And Frank Ayre Lee Theatre Foundation has awarded $103,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION OF COMMUNITY THEATRE PURPOSE: OPERATIONAL SUPPORT | $48,000 |
KIDS WHO CARE PURPOSE: OPERATIONAL SUPPORT | $10,000 |
SHAKESPEARE THEATRE OF NEW JERSEY PURPOSE: OPERATIONAL SUPPORT | $12,500 |
THEATRE NETWORK OF TEXAS PURPOSE: OPERATIONAL SUPPORT | $33,000 |