Friends Of The Garden Theater
- Assets
- $3.4m
- Revenue
- $750.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Frankfort, MI
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 83-2531689
Organization Overview
Friends Of The Garden Theater is located in Frankfort, MI. The organization was established in 2020. 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 12/2023, Friends Of The Garden Theater employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Garden Theater 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, Friends Of The Garden Theater generated $750.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $562.4k during the year ending 12/2023. 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 FRIENDS OF THE GARDEN THEATER, A CHARITABLE ORGANIZATION, WAS FORMED IN 2019 TO ENSURE THE GARDEN THEATER REMAINS A VITAL PART OF THE FRANKFORT AND BENZIE COUNTY COMMUNITY. THE GARDEN THEATER IS NOT ONLY A CINEMA, IT IS A COMMUNITY ASSET UTILIZED FOR FUNDRAISERS, CONCERTS, WEDDINGS, TALENT SHOWS/PAGEANTS, HISTORICAL AND CURRENT EVENTS PRESENTATIONS, AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOVIES - HOSTS REGULAR CURRENT MOVIES AS WELL AS KIDS MOVIES AND DOCUMENTARIES.
LIVE MUSIC EVENTS - BY LOCAL AND NATIONAL ARTISTS
FILM FESTIVALS - THE FRANKFORT 48 IS AN AMATEUR SHOWCASE OF 2-MINUTE FILMS BY HIGH SCHOOLERS AND IN OCTOBER HOSTS A 4 TO 5 DAY ANNUAL FILM FESTIVAL SHOWING 4-5 MORE OBSCURE FILMS EACH DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Schmitt President | Officer | 2 | $0 |
Scott Harrison Vice Preside | Officer | 2 | $0 |
Jeff Smith Treasurer | Officer | 2 | $0 |
Becky Bagnall Secretary | Officer | 2 | $0 |
Amy King Schindler Director | Trustee | 2 | $0 |
Elise Crafts Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $512,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,943 |
| Total Program Service Revenue | $197,983 |
| Investment income | $20,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,428 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $750,354 |
| 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 | $120,556 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,103 |
| Advertising and promotion | $3,723 |
| Office expenses | $25,629 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,079 |
| Travel | $1,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,179 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,760 |
| Insurance | $14,012 |
| All other expenses | $2,792 |
| Total functional expenses | $562,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,390 |
| Savings and temporary cash investments | $370,513 |
| Pledges and grants receivable | $77,500 |
| Accounts receivable, net | $2,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,079 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,710,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,373,385 |
| Accounts payable and accrued expenses | $59,058 |
| 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 | $6,907 |
| Total liabilities | $65,965 |
| Net assets without donor restrictions | $3,191,288 |
| Net assets with donor restrictions | $116,132 |
| 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 | $3,373,385 |