Legacy Theater Foundation Inc
- Assets
- $291.2k
- Revenue
- $308.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Carthage, IL
- Founding
- 03/2016
- Data as of
- 12/2021
- 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. As of 12/2021, Legacy Theater Foundation Inc employed 2 individuals. 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 12/2021, Legacy Theater Foundation Inc generated $308.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $206.6k during the year ending 12/2021. While expenses have increased by 7.4% 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
2021
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
TEXAS TENORS CHRISTMAS SHOW BROUGHT IN OVER 700 PATRONS TO THE THEATER IN DECEMBER WHICH WAS A GREAT ECONOMIC STIMULUS TO THE REGION.
EAGLES TRIBUTE SHOW BROUGHT IN NEARLY 400 PATRONS
SUZY BOGGUSS SHOW WAS A FINANCIAL SUCCESS AS OVER 300 PATRONS ATTENDED THE SHOW AND GAVE A BOOST TO THE LOCAL ECONOMY.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haley Dixon Office Manager | Officer | 20 | $23,532 |
Bonnie Bentzinger Ticket Office Worker | Officer | 15 | $11,466 |
Doug Groth President | Officer | 8 | $0 |
Barb Baily Secretary | Officer | 6 | $0 |
Andy Bastert Treasurer | Officer | 10 | $0 |
Ada Bair Vice President | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $122,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,978 |
| Noncash contributions included in lines 1a–1f | $476 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,898 |
| Total Program Service Revenue | $129,162 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,150 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$477 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,711 |
| 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. | $34,998 |
| Compensation of current officers, directors, key employees. | $9,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,023 |
| Office expenses | $2,906 |
| Information technology | $911 |
| Royalties | $0 |
| Occupancy | $19,927 |
| 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 | $0 |
| Insurance | $2,633 |
| All other expenses | $128,006 |
| Total functional expenses | $206,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,790 |
| Savings and temporary cash investments | $132,106 |
| 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 | $18,500 |
| Net Land, buildings, and equipment | $108,624 |
| Investments—publicly traded securities | $5,161 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,181 |
| Accounts payable and accrued expenses | $1,733 |
| 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 | $1,733 |
| 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 | $289,448 |
| Total liabilities and net assets/fund balances | $291,181 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Legacy Theater Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Pittsburgh Foundation Pittsburgh, PA PURPOSE: PERFORMING ARTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Music And Dance Theater Chicago Inc Chicago, IL | $59,585,451 | $8,251,636 |
Fox Cities Performing Arts Center Inc Appleton, WI | $82,069,378 | $12,172,619 |
Confluence Council Inc Eau Claire, WI | $3,541,289 | $9,499,634 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Firehouse Community Arts Center Of Chicago Chicago, IL | $572,664 | $2,968,045 |
Arts Of Southern Kentucky Inc Bowling Green, KY | $7,056,878 | $5,434,508 |
Sheldon Arts Foundation Saint Louis, MO | $19,890,863 | $2,862,291 |
Gillioz Center For Arts And Entertainment Springfield, MO | $537,009 | $2,542,105 |