Mccallum Theatre Foundation Inc
- Assets
- $10.2m
- Revenue
- $253.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Desert, CA
- Founding
- 05/1989
- Data as of
- 07/2022
- EIN
- 33-0334165
Organization Overview
Mccallum Theatre Foundation Inc is located in Palm Desert, CA. The organization was established in 1989. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccallum 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 07/2022, Mccallum Theatre Foundation Inc generated $253.3k 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 (3.7%) each year. All expenses for the organization totaled $3.4m during the year ending 07/2022. 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
TO ADMINISTER GIFTS AND GRANTS EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF THE NON-PROFIT ACTIVITIES OF THE FRIENDS OF THE CULTURAL CENTER, INC., A NON-PROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTERED GIFTS AND GRANTS EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF THE NON-PROFIT ACTIVITIES OF THE FRIENDS OF THE CULTURAL CENTER INC, A NON-PROFIT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Mathews Chairman | OfficerTrustee | 1.5 | $0 |
James Grant President & CEO | OfficerTrustee | 1 | $0 |
Robert Mcconnaughey President | OfficerTrustee | 1 | $0 |
James P Hamm Secretary | Trustee | 1.5 | $0 |
Frank Gaeta Director | Trustee | 1.5 | $0 |
Ronald Gregoire Director | Trustee | 1.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $259,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,349 |
| 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 | $47,324 |
| 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 | $68,352 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,361,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,862 |
| Savings and temporary cash investments | $236,151 |
| Pledges and grants receivable | $709,923 |
| 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 | $9,035,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,344 |
| Total assets | $10,233,971 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,515,292 |
| Total liabilities | $3,515,292 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $6,718,679 |
| 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 | $10,233,971 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Mccallum Theatre Foundation Inc has recieved totaling $239,000.
| Awarding Organization | Amount |
|---|---|
Charity Works Culver City, CA PURPOSE: PROMOTE HEALTH AND HOPE TO THE COMMUNITY INCLUDING PROVIDING RELIEF FOR POOR AND UNDERPRIVELEGED | $125,000 |
Jewish Community Fdn Of The Jewish Federation Council Of Greater La Los Angeles, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Lester Family Foundation La Jolla, CA PURPOSE: GENERAL PURPOSE | $25,000 |
Inland Empire Community Foundation Riverside, CA PURPOSE: Donation on behalf of Arthur and Deborah Jacobson | $15,000 |
Community Foundation Of Macon County Decatur, IL PURPOSE: OPERATIONS | $13,000 |
Organization Name not Listed PURPOSE: GENERAL OPERATING SUPPORT | | $10,000 |
Endowment Analysis
| Beg. Balance | $7,935,224 |
| Earnings | -$693,836 |
| Other Expense | $522,709 |
| Ending Balance | $6,718,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fine Arts Museums Foundation San Francisco, CA | $293,998,421 | $1,528,655 |
Friends Of Public Radio Arizona Tempe, AZ | $7,510,291 | $7,440,783 |
California Center For The Arts Escondido Foundation Escondido, CA | $1,637,426 | $6,432,180 |
Screen Actors Guild - American Federation Of Television And Radio Los Angeles, CA | $32,891,873 | $7,217,007 |
Carmel Mission Foundation Inc Carmel, CA | $1,231,681 | $982,770 |
All Classical Public Media Inc Portland, OR | $12,996,411 | $4,875,278 |
Oregon Shakespearean Festival Endowment Fund Inc Ashland, OR | $33,018,945 | $1,149,955 |
Ford Theatre Foundation Hollywood, CA | $2,293,812 | $4,065,513 |
Mccallum Theatre Foundation Inc Palm Desert, CA | $10,233,971 | $253,349 |
California State Railroad Museum Foundation Inc Sacramento, CA | $11,474,601 | $3,874,416 |
Phoenix Art Museum Endowment Fund Inc Phoenix, AZ | $32,304,336 | $805,868 |
The California Museum Of History Women And The Arts Sacramento, CA | $9,367,922 | $1,679,886 |