Tower Theatre Foundation Inc
- Assets
- $3.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 46
- Location
- Bend, OR
- Founding
- 01/1998
- Data as of
- 06/2023
- EIN
- 91-1829147
Organization Overview
Tower Theatre Foundation Inc is located in Bend, OR. The organization was established in 1998. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Tower Theatre Foundation Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tower 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 06/2023, Tower Theatre Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 5.2% 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 BE CENTRAL OREGON'S LEADING PERFORMING ARTS ORGANIZATION, PROVIDING CULTURAL & EDUCATION PROGRAMS THAT MAKE ESSENTIAL CONTRIBUTIONS TO THE REGION'S LIFESTYLE & STRENGTH OF COMMUNITY BY PROVIDING AN EXTRAORDINARY SPACE FOR PERFORMANCES, EDUCATION, CIVIC GATHERINGS & SOCIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATRE WAS UTILIZED FOR A WIDE VARIETY OF CULTURAL EVENTS DURING THE YEAR. 5% OF THE THEATRE'S LICENSEES WERE NONPROFIT ORGANIZATIONS.
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 |
|---|---|---|---|
Richard Gallio Secretary | OfficerTrustee | 1 | $0 |
Steve Magidson Director | Trustee | 1 | $0 |
Colin Clark Director | Trustee | 1 | $0 |
Anthony Albertazzi Director | Trustee | 1 | $0 |
Beverley Maul Chair | OfficerTrustee | 1 | $0 |
Eric Lowery-North Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $214,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $602,990 |
| Noncash contributions included in lines 1a–1f | $11,972 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $817,440 |
| Total Program Service Revenue | $1,526,665 |
| Investment income | $11,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,351,818 |
| 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. | $121,228 |
| Compensation of current officers, directors, key employees. | $20,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $775,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $71,188 |
| Fees for services: Management | $646 |
| Fees for services: Legal | $592 |
| Fees for services: Accounting | $26,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $69,634 |
| Office expenses | $12,688 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,520 |
| 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 | $111,719 |
| Insurance | $31,470 |
| All other expenses | $62,344 |
| Total functional expenses | $2,289,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $1,139,489 |
| Pledges and grants receivable | $98,735 |
| 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 | $22,123 |
| Net Land, buildings, and equipment | $2,388,145 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,372 |
| Total assets | $3,730,064 |
| Accounts payable and accrued expenses | $103,665 |
| Grants payable | $0 |
| Deferred revenue | $313,518 |
| 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 | $170,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,372 |
| Total liabilities | $667,805 |
| Net assets without donor restrictions | $3,062,259 |
| 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 | $3,730,064 |