Belcourt Theatre Inc
- Assets
- $8.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Nashville, TN
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 62-1770620
Organization Overview
Belcourt Theatre Inc is located in Nashville, TN. The organization was established in 1999. 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 12/2023, Belcourt Theatre Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belcourt Theatre 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, Belcourt Theatre Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. 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
TO ENGAGE, ENRICH AND EDUCATE THROUGH INNOVATIVE FILM PROGRAMMING IN OUR HISTORIC THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BELCOURT THEATRE IS A NONPROFIT CULTURAL INSTITUTION THAT ENGAGES, ENRICHES AND EDUCATES AUDIENCES THROUGH INNOVATIVE FILM AND FILM EDUCATION PROGRAMMING. HOUSED IN NASHVILLE'S ONLY HISTORIC NEIGHBORHOOD THEATRE, THE BELCOURT PRESENTS THE BEST OF INDEPENDENT, WORLD, DOCUMENTARY AND REPERTORY CINEMA 365 DAYS A YEAR; PROMOTES VISUAL LITERACY AND FILM EDUCATION THROUGHOUT OUR COMMUNITY AND PROVIDES UNIQUE OPPORTUNITIES FOR PEOPLE OF ALL AGES TO EXPERIENCE THE POWER OF FILM. FIRST OPENED IN 1925 AS A SILENT MOVIE HOUSE, THE THEATRE UNDERWENT A MAJOR RENOVATION AND RESTORATION IN 2016, ADDING A THIRD SMALLER THEATRE (35 SEATS) AND A FILM EDUCATION CLASSROOM TO THE TWO EXISTING THEATRES (332 SEATS & 255 SEATS). SINCE THE RE-OPENING OF THE THEATRE AS A NONPROFIT ART HOUSE IN 1999, OVER A MILLION PEOPLE HAVE VISITED THE BELCOURT TO SEE NEARLY 2,800 FILMS FROM EVERY CORNER OF THE GLOBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Silverman Executive Director | Officer | 40 | $155,758 |
Krystal Clark Chair | OfficerTrustee | 2 | $0 |
Eric Holder Vice Chair | OfficerTrustee | 2 | $0 |
Clay Risinger Treasurer | OfficerTrustee | 2 | $0 |
Katie Burdette Secretary | OfficerTrustee | 2 | $0 |
John Sloop Immediate Past Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rc Matthews Contractor Llc General Contractor | 12/30/16 | $4,823,252 |
Tuck Hinton Architects Design Development | 12/30/16 | $160,230 |
Boston Light & Sound Cinema Equipment & Installation | 12/30/16 | $123,225 |
Facility Planners Office Furniture & Installation | 12/30/16 | $113,679 |
Pro Systems Cabling | 12/30/16 | $101,702 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,462 |
| Related organizations | $0 |
| Government grants | $305,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,421 |
| Noncash contributions included in lines 1a–1f | $65,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $674,283 |
| Total Program Service Revenue | $1,969,463 |
| Investment income | $112,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $228,829 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$92,873 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $487,843 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,381,310 |
| 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. | $188,504 |
| Compensation of current officers, directors, key employees. | $94,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,200,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,296 |
| Payroll taxes | $104,501 |
| 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 | $82,343 |
| Fees for services: Other | $0 |
| Advertising and promotion | $154,520 |
| Office expenses | $41,824 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,804 |
| Travel | $20,908 |
| 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 | $259,072 |
| Insurance | $40,526 |
| All other expenses | $19,063 |
| Total functional expenses | $3,359,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,094,306 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $205,421 |
| Accounts receivable, net | $43,531 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,836 |
| Prepaid expenses and deferred charges | $17,983 |
| Net Land, buildings, and equipment | $5,050,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,457,132 |
| Accounts payable and accrued expenses | $183,770 |
| Grants payable | $0 |
| Deferred revenue | $40,831 |
| 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 | $872,471 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,932 |
| Total liabilities | $1,187,004 |
| Net assets without donor restrictions | $7,257,706 |
| Net assets with donor restrictions | $12,422 |
| 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 | $8,457,132 |