Lucas Theatre For The Arts Inc
- Assets
- $6.5m
- Revenue
- $375.6k
- Investments
- $0.0
- Employees
- 25
- Location
- Savannah, GA
- Founding
- 02/1988
- Data as of
- 06/2022
- EIN
- 58-1775851
Organization Overview
Lucas Theatre For The Arts Inc is located in Savannah, GA. The organization was established in 1988. 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, Lucas Theatre For The Arts Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucas Theatre For The Arts 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 06/2022, Lucas Theatre For The Arts Inc generated $375.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $808.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LUCAS THEATRE PROVIDES THE COMMUNITY WITH A WIDE RANGE OF CULTURAL AND ARTISTIC PERFORMANCES, INCLUDING THEATRICALPRODUCTIONS, FILM SCREENINGS, AND MUSIC CONCERTS, THROUGHOUT THE YEAR. THE LUCAS THEATRE IS A 1,200-SEAT, STATE-OF-THE-ART, HISTORIC THEATER THAT PROVIDES A PROFESSIONALLY-RUN VENUE SPACE FOR COMMUNITY ORGANIZATIONS AND EVENTS, INCLUDINGSAVANNAH PHILHARMONIC, SAVANNAH MUSIC FESTIVAL, SAVANNAH BALLET THEATRE, AND LOCAL SCHOOLS. IN ADDITION TO STATE-OF-THE-ART SOUND AND TECHNOLOGY SYSTEMS, THE LUCAS THEATRE FEATURES ITS ORIGINAL, FULLY RESTORED 1925 WURLITZER PIPE ORGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUCAS THEATRE SERVED OVER 39,001 PATRONS IN 2021-22 WITH A WIDE RANGE OF CULTURAL AND ARTISTIC PERFORMANCES OVER127 DAYS OF USE. THE LUCAS THEATRE HOSTS THEATRICAL PRODUCTIONS, FILM SCREENINGS, AND MUSIC CONCERTS DURING THE YEAR ANDPROVIDES A STATE-OF-THE-ART, PROFESSIONALLY-RUN VENUE SPACE FOR COMMUNITY ORGANIZATIONS AND EVENTS, INCLUDING SAVANNAHPHILHARMONIC, SAVANNAH MUSIC FESTIVAL, SAVANNAH BALLET THEATRE, AND LOCAL SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Wallace President | OfficerTrustee | 1 | $0 |
Jeffrey Waller Treasurer | OfficerTrustee | 1 | $0 |
Darrell Naylor-Johnson Director | Trustee | 1 | $0 |
Daniel Filson Asst Treasurer & Asst Sec | OfficerTrustee | 1 | $0 |
Carmen Stowers Secretary | Trustee | 1 | $0 |
Linda Evans Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $75,605 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,605 |
| 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 | $74,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,370 |
| Payroll taxes | $82 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,648 |
| Advertising and promotion | $0 |
| Office expenses | $4,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,137 |
| 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 | $329,655 |
| Insurance | $9,368 |
| All other expenses | $0 |
| Total functional expenses | $808,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,752 |
| 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 | $10,199 |
| Prepaid expenses and deferred charges | $10,181 |
| Net Land, buildings, and equipment | $6,304,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,506,134 |
| Accounts payable and accrued expenses | $2,301,351 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,301,351 |
| Net assets without donor restrictions | $4,204,783 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,506,134 |