The Tivoli Theatre Foundation Inc
- Assets
- $19.7m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 28
- Location
- Chattanooga, TN
- Founding
- 10/2015
- Data as of
- 06/2022
- EIN
- 47-4405861
Organization Overview
The Tivoli Theatre Foundation Inc is located in Chattanooga, TN. The organization was established in 2015. 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 06/2022, Tivoli Theatre Foundation Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tivoli 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION SHALL, BY ITSELF OR IN AFFILIATION WITH OTHER ENTITIES, OWN, HOLD, LEASE, OPERATE, MAINTAIN, RENOVATE, AND IMPROVE CERTAIN REAL PROPERTY KNOWN AS THE TIVOLI THEATRE, THE SOLDIERS & SAILORS MEMORIAL AUDITORIUM, INCLUDING THE ROBERT KIRK WALKER COMMUNITY THEATRE, AND THE TIVOLI CENTER (COLLECTIVELY, THE "VENUES") LOCATED IN CHATTANOOGA, TENNESSEE, IN ORDER (A) TO PROVIDE PERFORMING ARTS VENUES FOR THE COMMUNITY AND OTHER ENTITIES AND INDIVIDUALS FOR ARTISTIC AND EDUCATIONAL ACTIVITIES; (B) TO PRESERVE AND RESTORE THE VENUES AS HISTORICAL LANDMARKS, IF APPROPRIATE; (C) TO LEASE THE TIVOLI CENTER (OR PARTS THEREOF) TO THIRD PARTIES AND OTHER CHARITABLE ORGANIZATIONS IN SUPPORT OF THE CORPORATION'S MISSION; AND (D) TO PROVIDE THE GENERAL PUBLIC WITH A GREATER AWARENESS, APPRECIATION, AND UNDERSTANDING OF THE THEATRICAL AND PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF TWO HISTORIC PERFORMING ARTS VENUES IN CHATTANOOGA, TN, THE TIVOLI THEATRE AND SOLDIERS AND SAILORS MEMORIAL AUDITORIUM; TO OVERSEE THE FUNDRAISING EVENTS AND DIRECTION OF THE FACILITIES. (DOES NOT INCLUDE IN-KIND EXPENSES OF $24,000)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Wilkinson Executive Director | Officer | 40 | $180,342 |
David R Holscher Coo, General Manager | Officer | 40 | $152,260 |
Susan Rich Secretary | OfficerTrustee | 4 | $0 |
Carol Seal Treasurer | OfficerTrustee | 4 | $0 |
Bob Mckenzie Executive Committee Member | OfficerTrustee | 4 | $0 |
Brent Goldberg Executive Committee Member | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Waitress Touring Llc Artist Agent | 6/29/22 | $136,496 |
Summer First National Tour Llc Artist Agent | 6/29/22 | $118,091 |
Outsource Staffing Llc Show Staff | 6/29/22 | $283,051 |
Mills & Schnoering Architects Llc Architects | 6/29/22 | $1,133,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $78,383 |
| Related organizations | $0 |
| Government grants | $9,044,724 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,210,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,333,492 |
| Total Program Service Revenue | $8,746,222 |
| Investment income | $2,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $146,611 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $790,917 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,020,214 |
| 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. | $325,038 |
| Compensation of current officers, directors, key employees. | $32,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,154,955 |
| Pension plan accruals and contributions | $53,009 |
| Other employee benefits | $225,164 |
| Payroll taxes | $111,456 |
| Fees for services: Management | $754,475 |
| Fees for services: Legal | $2,611 |
| Fees for services: Accounting | $17,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,400 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,725,033 |
| Advertising and promotion | $0 |
| Office expenses | $102,488 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $685,911 |
| Travel | $3,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $434,690 |
| Insurance | $93,704 |
| All other expenses | $69,534 |
| Total functional expenses | $11,511,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,908,939 |
| Savings and temporary cash investments | $1,008,409 |
| Pledges and grants receivable | $2,295,000 |
| Accounts receivable, net | $419,042 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,233 |
| Prepaid expenses and deferred charges | $78,656 |
| Net Land, buildings, and equipment | $8,987,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,285 |
| Total assets | $19,745,641 |
| Accounts payable and accrued expenses | $657,512 |
| Grants payable | $0 |
| Deferred revenue | $2,351,831 |
| 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 | $3,009,343 |
| Net assets without donor restrictions | $15,436,298 |
| Net assets with donor restrictions | $1,300,000 |
| 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 | $19,745,641 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that The Tivoli Theatre Foundation Inc has recieved totaling $596,750.
| Awarding Organization | Amount |
|---|---|
Lyndhurst Foundation Inc Chattanooga, TN PURPOSE: PLANNING AND DESIGN | $250,000 |
Robert F Stone Foundation Wilmington, DE PURPOSE: ASSISTANCE COVERING GENERAL OPERATIONS LOSSES DUE TO THE COVID-19 PANDEMIC | $200,000 |
Robert F Stone Foundation Wilmington, DE PURPOSE: THE TIVOLI THEATRE AND PERFORMANCE ARTS CENTER RENOVATION PROJECT | $50,000 |
Schillhahn-Huskey Foundation Chattanooga, TN PURPOSE: CAPITAL CAMPAIGN | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $14,750 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: BOBBY STONE FOUNDATION CHALLENGE GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolf Trap Foundation For The Performing Arts Vienna, VA | $98,256,215 | $37,160,457 |
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Red Mountain Theatre Company Inc Birmingham, AL | $35,964,987 | $9,815,041 |
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Center For Puppetry Arts Inc Atlanta, GA | $20,916,247 | $3,804,159 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
City Springs Theatre Company Sandy Springs, GA | $2,774,850 | $2,619,384 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |
Cumberland Plateau Company Inc Lebanon, VA | $9,644,678 | $675,012 |
Savannah Music Festival Inc Savannah, GA | $2,910,137 | $2,078,517 |