Lincoln Theatre Center Foundation
- Assets
- $1.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Mount Vernon, WA
- Founding
- 01/1988
- Data as of
- 06/2023
- EIN
- 94-3052481
Organization Overview
Lincoln Theatre Center Foundation is located in Mount Vernon, WA. The organization was established in 1988. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Lincoln Theatre Center Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Theatre Center Foundation 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, Lincoln Theatre Center Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 10.6% 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 ENTERTAIN, INFORM AND INSPIRE OUR DIVERSE COMMUNITY THROUGH CINEMA, LIVE PERFORMANCES AND EDUCATIONAL PROGRAMS WHILE PRESERVING THE HISTORIC LINCOLN THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE THE HISTORIC LINCOLN THEATRE AS THE AREA'S MULTI-CULTURAL AND EDUCATIONAL ARTS CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Norton President | OfficerTrustee | 2 | $0 |
Duane Petzoldt Vice President | OfficerTrustee | 2 | $0 |
Ron Guttu Treasurer | OfficerTrustee | 2 | $0 |
Susan Redd Board Member | Trustee | 2 | $0 |
Conrad Askland Board Member | Trustee | 2 | $0 |
Germaine Kornegay Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,963 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,414 |
| All other contributions, gifts, grants, and similar amounts not included above | $448,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $600,509 |
| Total Program Service Revenue | $1,123,056 |
| Investment income | $449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,418 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,890,333 |
| 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. | $74,685 |
| Compensation of current officers, directors, key employees. | $11,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,961 |
| Payroll taxes | $43,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,027 |
| Office expenses | $19,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,999 |
| Travel | $2,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,052 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,578 |
| Insurance | $8,518 |
| All other expenses | $150,869 |
| Total functional expenses | $1,535,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,262 |
| Savings and temporary cash investments | $598,487 |
| Pledges and grants receivable | -$1,195 |
| Accounts receivable, net | -$85 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,450 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $464,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,279,188 |
| Accounts payable and accrued expenses | $25,146 |
| 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 | $25,146 |
| Net assets without donor restrictions | $1,254,042 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,279,188 |