Historic Lansdowne Theater Corporation is located in Lansdowne, PA. The organization was established in 2007. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Historic Lansdowne Theater Corporation 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 12/2021, Historic Lansdowne Theater Corporation generated $137.1k 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 (5.9%) each year. All expenses for the organization totaled $132.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESTORATION AND OPERATION OF A HISTORICAL MOVIE THEATER.
Describe the Organization's Program Activity:
RESTORATION AND OPERATION OF A HISTORICAL MOVIE THEATER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matthew Schultz Executive Director | 50 | $110,000 | |
Louis Pavone Treasurer/secretary | OfficerTrustee | 2 | $0 |
John Carpenter Vice President | OfficerTrustee | 2 | $0 |
Robert Jara President | OfficerTrustee | 2 | $0 |
Nichole Shustack ESQ Director | Trustee | 2 | $0 |
Nathan Hall Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $35,822 |
All other contributions, gifts, grants, and similar amounts not included above | $91,079 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $126,901 |
Total Program Service Revenue | $3,257 |
Investment income | $47 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $6,750 |
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 | $137,097 |
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 | $11,000 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $884 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,859 |
Fees for services: Accounting | $2,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $83,500 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $9,481 |
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 | $22 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $21,847 |
Insurance | $0 |
All other expenses | $263 |
Total functional expenses | $132,256 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $213,991 |
Pledges and grants receivable | $50,000 |
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 | $29,011 |
Net Land, buildings, and equipment | $1,992,161 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,285,163 |
Accounts payable and accrued expenses | $274,348 |
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 | $492,298 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $19,882 |
Total liabilities | $786,528 |
Net assets without donor restrictions | $1,428,635 |
Net assets with donor restrictions | $70,000 |
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 | $2,285,163 |
Over the last fiscal year, we have identified 1 grants that Historic Lansdowne Theater Corporation has recieved totaling $2,500.
Awarding Organization | Amount |
---|---|
Broughton Foundation Drexel Hill, PA PURPOSE: UNRESTRICTED | $2,500 |
Organization Name | Assets | Revenue |
---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
Ohio Historical Society Columbus, OH | $7,345,353 | $25,940,986 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |