Avalon Theatre Foundation Inc
- Assets
- $57.7k
- Revenue
- $68.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 09/1992
- Data as of
- 12/2021
- EIN
- 84-1199582
Organization Overview
Avalon Theatre Foundation Inc is located in Grand Junction, CO. The organization was established in 1992. 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. Avalon 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 12/2021, Avalon Theatre Foundation Inc generated $68.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $86.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE, PROMOTE AND ENHANCE THE AVALON THEATRE FOR COMMUNITY BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIPELINE PROJECT BETWEEN ORIGINAL CORNERSTONE PROJECT AND UPCOMING CENTENNIAL PROJECT - MARQUEE, THEATRE OPERATIONS AND PATRON EXPERIENCE PACKAGES.
COMMUNITY BENEFIT FUND PROVIDED ASSISTANCE TOWARD VENUE RENTAL EXPENSE TO WORTHY COMMUNITY ORGANIZATIONS FOR EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Fitzgerald Vice President | OfficerTrustee | 0 | $0 |
Arielle Brachfeld Secretary | OfficerTrustee | 0 | $0 |
Steve Doyle President | OfficerTrustee | 0 | $0 |
Nikki Hanks Treasurer | OfficerTrustee | 0 | $0 |
Debbie Kovalik Board Member | Trustee | 0 | $0 |
David Goe Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,833 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,839 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $22,642 |
| Advertising and promotion | $322 |
| Office expenses | $3,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| 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 | $1,558 |
| All other expenses | $0 |
| Total functional expenses | $86,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,729 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,729 |
| Accounts payable and accrued expenses | $559 |
| 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 | $559 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $57,170 |
| 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 | $57,729 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Avalon Theatre Foundation Inc has recieved totaling $16.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Flunison Fund Private Foundation Aspen, CO PURPOSE: ASSISTANCE | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Vilar Center Arts Foundation Avon, CO | $21,813,325 | $6,525,406 |
Tulsa Performing Arts Center Trust Tulsa, OK | $9,008,592 | $6,495,113 |
Producers Live Stock Cr Corp Omaha, NE | $188,745,900 | $8,023,454 |
Center For The Arts Crested Butte, CO | $20,478,017 | $2,980,319 |
Fonner Park Exposition And Events Center Inc Grand Island, NE | $3,469,214 | $2,166,552 |
Friends Of Levitt Pavilion Denver Denver, CO | $1,477,528 | $3,241,132 |
Phoenix Performing Arts Center Inc Phoenix, AZ | $1,404,123 | $1,426,991 |
St Lukes Performing Arts Academy Highlands Ranch, CO | $808,627 | $1,082,453 |
Orpheum Performing Arts Centre Ltd Wichita, KS | $3,982,044 | $1,347,692 |
Wyo Theatre Inc Sheridan, WY | $4,306,747 | $947,384 |
Outpost Productions Inc Albuquerque, NM | $1,676,831 | $1,136,124 |