The Tivoli Theatre Foundation Inc
- Assets
- $25.0m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Chattanooga, TN
- Founding
- 10/2015
- Data as of
- 06/2023
- EIN
- 47-4405861
Organization Overview
The Tivoli Theatre Foundation Inc is located in Chattanooga, TN. The organization was established in 2015. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Tivoli Theatre Foundation Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tivoli 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 06/2023, Tivoli Theatre Foundation Inc generated $20.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $14.4m during the year ending 06/2023. While expenses have increased by 13.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE, RESTORE, AND OPERATE THREE HISTORIC LANDMARKS TO IMPROVE QUALITY OF LIFE IN CHATTANOOGA
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF TWO HISTORIC PERFORMING ARTS VENUES IN CHATTANOOGA, TN, THE TIVOLI THEATRE AND SOLDIERS AND SAILORS MEMORIAL AUDITORIUM; TO OVERSEE THE FUNDRAISING EVENTS AND DIRECTION OF THE FACILITIES. (DOES NOT INCLUDE IN-KIND EXPENSES OF $24,000)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Keith Sanford Chair | OfficerTrustee | 4 | $0 |
Susan Rich Secretary | OfficerTrustee | 4 | $0 |
Brent Goldberg Director | Trustee | 1 | $0 |
Carol Seal Treasurer | OfficerTrustee | 4 | $0 |
Carmen Davis Director | Trustee | 1 | $0 |
Bob Mckenzie Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Outsource Staffing Llc Show Staff | 6/29/23 | $749,606 |
Outback Presents Llc Artist Agent | 6/29/23 | $462,355 |
Get Ready Tour Llc Artist Agent | 6/29/23 | $326,451 |
Ovalle Enterprises Llc Dba Mcs Janitorial Service | 6/29/23 | $263,800 |
Mills & Schnoering Architects Llc Architects | 6/29/23 | $1,008,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,627 |
| Related organizations | $0 |
| Government grants | $6,852,886 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,901,310 |
| Noncash contributions included in lines 1a–1f | $54,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,895,823 |
| Total Program Service Revenue | $10,640,634 |
| Investment income | $202,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,611 |
| Net Income from Fundraising Events | -$46,426 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $728,227 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,484,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,500 |
| 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. | $500,714 |
| Compensation of current officers, directors, key employees. | $50,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,425,060 |
| Pension plan accruals and contributions | $49,435 |
| Other employee benefits | $259,357 |
| Payroll taxes | $137,136 |
| Fees for services: Management | $847,727 |
| Fees for services: Legal | $28,745 |
| Fees for services: Accounting | $26,407 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,706,007 |
| Advertising and promotion | $44,319 |
| Office expenses | $55,235 |
| Information technology | $26,808 |
| Royalties | $0 |
| Occupancy | $1,122,308 |
| Travel | $7,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,426 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $521,891 |
| Insurance | $158,885 |
| All other expenses | $28,165 |
| Total functional expenses | $14,418,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,217 |
| Savings and temporary cash investments | $12,480,178 |
| Pledges and grants receivable | $2,525,009 |
| Accounts receivable, net | $165,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,742 |
| Prepaid expenses and deferred charges | $46,104 |
| Net Land, buildings, and equipment | $9,595,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,102 |
| Total assets | $25,038,713 |
| Accounts payable and accrued expenses | $348,181 |
| Grants payable | $0 |
| Deferred revenue | $1,993,543 |
| 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 | $2,341,724 |
| Net assets without donor restrictions | $20,216,130 |
| Net assets with donor restrictions | $2,480,859 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $25,038,713 |