Ashland Theater Foundation
- Assets
- $579.4k
- Revenue
- $372.0k
- Investments
- $0.0
- Employees
- 17
- Location
- Ashland, VA
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 74-3224648
Organization Overview
Ashland Theater Foundation, operating under the name Ashland Theatre Foundation, is located in Ashland, VA. The organization was established in 2011. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Ashland Theatre Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashland 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, Ashland Theatre Foundation generated $372.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $434.6k during the year ending 12/2022. 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
TO REINVENT THE CLASSIC AMERICAN MOVIE HOUSE EXPERIENCE THROUGH EXCEPTIONAL FILM, LIVE PERFORMANCES AND MUSIC. WE DELIVER A DEEPER LEVEL OF COMMUNITY ENGAGEMENT THROUGH SPEAKERS, PANELS, TALKBACKS AND EVENTS THAT ENTERTAIN, EDUCATE, INSPIRE AND ARE WELCOMING TO ALL. WE GIVE VOICE TO ARTISTS AND ACCESS TO AUDIENCES IN UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENOVATION AND MAINTENANCE OF THE HISTORIC ASHLAND THEATRE
ASHLAND ARTS ACCESS PROVIDES FREE OR REDUCED PRICED ADMISSION FOR LOWER INCOME RESIDENTS. IN 2019, ASHLAND THEATRE FOUNDATION SPONSORED THREE EVENTS WITH FREE VOUCHERS: 88 TICKETS REDEEMED, HOTEL TRANSYLVANIA, 10/20/2019 69 TICKETS REDEEMED, ELF, 12/15/2019 225 TICKETS REDEEMED, HANOVER HEAD START EVENT, 12/18/2019 TAKE THE STAGE IS A PROGRAM OFFERING REDUCED PRICE RENTAL FEES TO OTHER NONPROFIT PERFORMING ARTS ORGANIZATIONS TO PERFORM IN OUR THEATRE. IN 2019, WE HOSTED FOU EVENTS FOR THE WHISTLE STOP THEATRE AND TWO EVENTS FOR HANOVER IDOL THROUGH THIS PROGRAM
PRESENTATION OF FILMS AND MUSICAL PROGRAMS
AUSOME MOVIES, A SENSORY-FRIENDLY MONTHLY FILM SERIES FOR AUTISTIC CHILDREN. IN 2019, ASHLAND THEATRE FOUNDATION HOSTED 11 AUSOME MOVIES - ONE EACH MONTH FROM FEBRUARY THROUGH DECEMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madeline Alderman Board Member | Trustee | $0 | |
Anita Barnhart Board Member | Trustee | $0 | |
Preston Bryant Board Member | Trustee | $0 | |
Jennifer Chambers Secretary | OfficerTrustee | $0 | |
William Copeland Board Treasu | OfficerTrustee | $0 | |
Charles Dawson Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,120 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,579 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,915 |
| Noncash contributions included in lines 1a–1f | $2,555 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,614 |
| Total Program Service Revenue | $285,900 |
| Investment income | $2,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,960 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $371,971 |
| 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 | $180,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,972 |
| Payroll taxes | $14,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,508 |
| Fees for services: Accounting | $5,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,201 |
| Advertising and promotion | $6,778 |
| Office expenses | $13,307 |
| Information technology | $24,679 |
| Royalties | $0 |
| Occupancy | $27,671 |
| 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 | $1,486 |
| Insurance | $20,768 |
| All other expenses | $0 |
| Total functional expenses | $434,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,075 |
| Savings and temporary cash investments | $469,574 |
| 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 | $87 |
| Inventories for sale or use | $5,413 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $102,279 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $579,428 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,014 |
| 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 | $662 |
| Total liabilities | $3,676 |
| Net assets without donor restrictions | $575,752 |
| 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 | $579,428 |