Association For The Colonial Theater
- Assets
- $8.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 34
- Location
- Phoenixville, PA
- Founding
- 11/1996
- Data as of
- 08/2023
- EIN
- 23-2846336
Organization Overview
Association For The Colonial Theater is located in Phoenixville, PA. The organization was established in 1996. 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 08/2023, Association For The Colonial Theater employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For The Colonial 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 08/2023, Association For The Colonial Theater generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.3m during the year ending 08/2023. While expenses have increased by 10.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE COMMUNITY BY CELEBRATING THE POWER OF FILM AND THE PERFORMING ARTS.
Describe the Organization's Program Activity:
THE ASSOCIATION MAINTAINS THE HISTORIC COLONIAL THEATRE. PROGRAMS INCLUDE ART AND INDEPENDENT FILMS, CLASSIC FILMS, PROGRAMS FOR YOUNG AUDIENCES, LIVE CONCERTS, AND COMMUNITY EVENTS. DURING THE CURRENT YEAR:- OVER 51,276 PEOPLE ATTENDED, OR PARTICIPATED VIRTUALLY IN, ARTS AND CULTURE PROGRAMMING.- OVER 33,085 PATRONS ATTENDED FILM SCREENINGS.- OVER 12,000 PATRONS ATTENDED LIVE CONCERTS AND PROGRAMS.- OVER 300 PATRONS HAD THE OPPORTUNITY TO ENJOY FILMS OR CONCERTS FOR FREE.SEE ADDITIONAL INFORMATION ON SCHEDULE O- THE COLONIAL THEATRE PROVIDED DISCOUNTED AND FREE RENTALS TO LOCAL NONPROFITS AND COMMUNITY ORGANIZATIONS INCLUDING: FIREBIRD CHIDREN'S THEATRE, KEHILLAH OF CHESTER COUNTY JEWISH FILM FESTIVAL (SHORTS); ORION COMMUNITIES MUSIC FOR EVERYONE FUNDRAISER; AND CITIZEN ADVOCACY'S VOLUNTEER APPRECIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyn S Harris President | OfficerTrustee | 5 | $0 |
Susan Berry-Gorelli Co-Vice President | OfficerTrustee | 2 | $0 |
Marylouise Sterge Co-Vice President | OfficerTrustee | 2 | $0 |
Pauline Monson Secretary | OfficerTrustee | 2 | $0 |
Matthew Carberry Treasurer | OfficerTrustee | 2 | $0 |
William M Andersen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $52,149 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,669 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,818 |
| Total Program Service Revenue | $1,291,782 |
| Investment income | $8,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,122 |
| 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 | $242,702 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,120,194 |
| 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. | $74,719 |
| Compensation of current officers, directors, key employees. | $37,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $489,831 |
| Pension plan accruals and contributions | $7,446 |
| Other employee benefits | $47,214 |
| Payroll taxes | $54,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,385 |
| Advertising and promotion | $47,106 |
| Office expenses | $34,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,963 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,677 |
| Interest | $138,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379,415 |
| Insurance | $30,517 |
| All other expenses | $4,335 |
| Total functional expenses | $2,289,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,019 |
| Savings and temporary cash investments | $755,619 |
| Pledges and grants receivable | $28,149 |
| Accounts receivable, net | $5,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,602 |
| Prepaid expenses and deferred charges | $41,227 |
| Net Land, buildings, and equipment | $7,169,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,059,102 |
| Accounts payable and accrued expenses | $62,146 |
| Grants payable | $0 |
| Deferred revenue | $66,227 |
| 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 | $3,392,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,521,356 |
| Net assets without donor restrictions | $4,494,275 |
| Net assets with donor restrictions | $43,471 |
| 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 | $8,059,102 |