Historic Elsinore Theatre Inc
- Assets
- $3.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Salem, OR
- Founding
- 03/1981
- Data as of
- 06/2023
- EIN
- 93-0776334
Organization Overview
Historic Elsinore Theatre Inc is located in Salem, OR. The organization was established in 1981. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Historic Elsinore Theatre Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Elsinore Theatre 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 06/2023, Historic Elsinore Theatre Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 19.9% per year over the past 8 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
TO PROMOTE AND DEVELOP CULTURAL (ACTIVITIES) EXPERIENCES IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF HISTORIC THEATRE FOR BOTH EDUCATION AND ENTERTAINING ARTISTIC PERFORMANCES THROUGH A SERIES OF PERFORMANCES AND RENTAL OF THEATRE TO PERFORMING GROUPS.
STARTED A FREE FILM SERIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. THE PROGRAM ALLOWS ONE ADULT AND THEIR CAREGIVER TO ATTEND A LOW SENSORY FILM FOR FREE. WE ALSO PROVIDE FREE SNACKS AND BEVERAGES. WE POLL THE ATTENDEES AND THEY SELECT FUTURE FILMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Forsee Treasurer | OfficerTrustee | 1 | $0 |
Erik Anderson President | OfficerTrustee | 1 | $0 |
Ric Linares Vice President | OfficerTrustee | 1 | $0 |
Patrick Carney Director | Trustee | 1 | $0 |
Annemarie Dufault President | OfficerTrustee | 1 | $0 |
Randy Cook Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,266 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $283,448 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,118 |
| Total Program Service Revenue | $1,944,396 |
| Investment income | $13,026 |
| 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 | $152,556 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,624,909 |
| 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 | $464,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,540 |
| Payroll taxes | $53,030 |
| Fees for services: Management | $188,051 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,607 |
| Advertising and promotion | $40,163 |
| Office expenses | $23,333 |
| Information technology | $4,840 |
| Royalties | $0 |
| Occupancy | $39,249 |
| Travel | $3,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,420 |
| Insurance | $13,075 |
| All other expenses | $123,537 |
| Total functional expenses | $2,489,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,038,687 |
| Savings and temporary cash investments | $429,713 |
| 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 | $18,987 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,368,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,855,391 |
| Accounts payable and accrued expenses | $74,913 |
| Grants payable | $0 |
| Deferred revenue | $32,647 |
| 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 | $7,510 |
| Total liabilities | $115,070 |
| Net assets without donor restrictions | $3,733,884 |
| Net assets with donor restrictions | $6,437 |
| 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 | $3,855,391 |