Merced Theatre Foundation Inc
- Assets
- $4.1m
- Revenue
- $960.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Merced, CA
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 77-0495888
Organization Overview
Merced Theatre Foundation Inc is located in Merced, CA. The organization was established in 2003. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Merced 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 12/2023, Merced Theatre Foundation Inc generated $960.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $992.0k during the year ending 12/2023. While expenses have increased by 17.1% per year over the past 5 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
THE FOUNDATION SECURES FUNDS BY MEANS OF MEMBERSHIPS, SPONSORSHIPS, FUNDRAISERS, AND DONATIONS TO RESTORE THE HISTORIC LANDMARK MERCED THEATRE AS A SELF-SUPPORTING CENTER FOR ARTS, ENTERTAINMENT, AND CIVIC EVENTS FOR MERCED AND THE CENTRAL VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART, ENTERTAINMENT, AND CIVIC EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Lauppe President | Trustee | 10 | $0 |
Mary Camper Vice President | Trustee | 10 | $0 |
Grey Roberts Treasurer | Trustee | 10 | $0 |
Kathleen Crookham Director | Trustee | 10 | $0 |
Jim Cunningham Director | Trustee | 10 | $0 |
Le'trice Curl Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,156 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,486 |
| Total Program Service Revenue | $605,720 |
| Investment income | $28,165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $155,419 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $45,150 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $960,730 |
| 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. | $126,234 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,308 |
| 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 | $175 |
| Fees for services: Other | $387,117 |
| Advertising and promotion | $20,954 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,462 |
| Insurance | $37,357 |
| All other expenses | $84,561 |
| Total functional expenses | $991,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,570 |
| Savings and temporary cash investments | $1,711,323 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $6,361 |
| Net Land, buildings, and equipment | $1,973,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,123,891 |
| Accounts payable and accrued expenses | $11,732 |
| 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 | $11,732 |
| Net assets without donor restrictions | $0 |
| 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 | $4,112,159 |
| Total liabilities and net assets/fund balances | $4,123,891 |