Save The Grand Theatre Inc
- Assets
- $5.0m
- Revenue
- $859.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Frankfort, KY
- Founding
- 02/2003
- Data as of
- 05/2022
- EIN
- 03-0405779
Organization Overview
Save The Grand Theatre Inc is located in Frankfort, KY. The organization was established in 2003. 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 05/2022, Save The Grand Theatre Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Save The Grand 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 05/2022, Save The Grand Theatre Inc generated $859.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $486.3k during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SAVE THE GRAND THEATRE, INC.'S PURPOSE AND MISSION IS TO RENOVATE AND RESTORE A HISTORIC MOVING PICTURE THEATRE INTO A VENUE FOR ART,EDUCATION PROJECTS AND PROGRAMS FOR THE COMMUNITY. THE ORGANIZATION RAISES MONIES FROM CHARITABLE, PRIVATE AND PUBLIC SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVE THE GRAND THEATRE, INC'S PURPOSE IS TO RENOVATE AN OLD MOVIE THEATRE INTO A VENUE FOR ART AND EDUCATION PROGRAMS FOR THE COMMUNITY AND REGION. THE ORGANIZATION RAISIES MONIES THROUGH CHARITABLE, PRIVATE AND PUBLIC SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fontaine Banks III Secretary | OfficerTrustee | 5 | $0 |
William H Cull President/direc | OfficerTrustee | 20 | $0 |
Raven Turner Director | Trustee | 1 | $0 |
Jeremy Wooldridge Director | Trustee | 1 | $0 |
Thomas Hampton Jr Director | Trustee | 1 | $0 |
Jack Ellis Director | Trustee | 1 | $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 | $298,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $298,983 |
| Total Program Service Revenue | $203,097 |
| Investment income | $32,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,635 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $859,015 |
| 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 | $70,075 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,361 |
| 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 | $13,579 |
| Advertising and promotion | $15,818 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,031 |
| Insurance | $15,745 |
| All other expenses | $15,726 |
| Total functional expenses | $486,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,883 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $444,000 |
| Accounts receivable, net | $5,446 |
| 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 | $3,011,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $41,160 |
| Other assets | $1,142,822 |
| Total assets | $4,961,877 |
| Accounts payable and accrued expenses | $3,670 |
| 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 | $1,574,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,578,170 |
| Net assets without donor restrictions | $2,690,000 |
| Net assets with donor restrictions | $693,707 |
| 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 | $4,961,877 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Save The Grand Theatre Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,030,917 |
| Earnings | -$58,723 |
| Admin Expense | $339 |
| Net Contributions | $188,150 |
| Other Expense | $17,184 |
| Ending Balance | $1,142,821 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Playhouse Square Foundation Cleveland, OH | $326,085,880 | $24,719,658 |
Tennessee Performing Arts Center Management Corporation Nashville, TN | $35,782,071 | $25,885,364 |
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
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 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
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 |