Legacy Theater Foundation Inc
- Assets
- $4.4m
- Revenue
- $274.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Carthage, IL
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 81-1291908
Organization Overview
Legacy Theater Foundation Inc is located in Carthage, IL. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Theater 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, Legacy Theater Foundation Inc generated $274.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $249.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AND UPKEEP OF THE LEGACY THEATER FOR THE ENJOYMENT AND BETTERMENT OF THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHURCH BASEMENT LADIES SHOW BROUGHT IN OVER 700 PATRONS TO THE THEATER AND WAS A GREAT ECONOMIC STIMULUS TO THE REGION.
OTHER PROGRAMMING AND PERFORMANCES WERE GENERALLY WELL ATTENDED AND PROVIDED NOT ONLY RECREATIONAL OPPORTUNITY FOR PATRONS BUT WAS ALSO A CONSISTENT ECONOMIC STIMULUS FOR THE AREA.
THE TWITTY SHOW BROUGHT OVER 400 PATRONS INTO TOWN AND WAS A GREAT ECONOMIC BENEFIT TO THE AREA.
THE SELENA SHOW GAVE A BOOST TO THE LOCAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gera Ufkes Office Mgr. | Officer | 25 | $25,024 |
Bonnie Bentzinger Ticket Office Worker | Officer | 20 | $17,738 |
Tom Robbins Executive Director | Officer | 40 | $231 |
Amy Graham4 Director | Trustee | 6 | $0 |
Connie Dyer Director | Trustee | 4 | $0 |
Joy Swearingen Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,710 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,402 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,112 |
| Total Program Service Revenue | $145,769 |
| Investment income | $6,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,113 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,435 |
| 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. | $42,993 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $850 |
| Payroll taxes | $3,555 |
| 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 | $0 |
| Advertising and promotion | $21,360 |
| Office expenses | $4,815 |
| Information technology | $910 |
| Royalties | $0 |
| Occupancy | $28,098 |
| 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 | $15,475 |
| Insurance | $11,687 |
| All other expenses | $0 |
| Total functional expenses | $249,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,052 |
| Savings and temporary cash investments | $177,066 |
| 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 | $26,000 |
| Net Land, buildings, and equipment | $4,071,523 |
| Investments—publicly traded securities | $9,219 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,358,860 |
| Accounts payable and accrued expenses | $2,308 |
| Grants payable | $0 |
| Deferred revenue | $57,220 |
| 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 | $59,528 |
| 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 | $3,921,612 |
| Retained earnings, endowment, accumulated income, or other funds | $377,720 |
| Total liabilities and net assets/fund balances | $4,358,860 |