Lincoln Theatre Center Foundation
- Assets
- $898.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Mount Vernon, WA
- Founding
- 01/1988
- Data as of
- 06/2022
- EIN
- 94-3052481
Organization Overview
Lincoln Theatre Center Foundation is located in Mount Vernon, WA. The organization was established in 1988. 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. As of 06/2022, Lincoln Theatre Center Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Theatre Center Foundation 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 06/2022, Lincoln Theatre Center Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $821.9k during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENTERTAIN, INFORM AND INSPIRE OUR DIVERSE COMMUNITY THROUGH CINEMA, LIVE PERFORMANCES AND EDUCATIONAL PROGRAMS WHILE PRESERVING THE HISTORIC LINCOLN THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE THE HISTORIC LINCOLN THEATRE AS THE AREA'S MULTI-CULTURAL AND EDUCATIONAL ARTS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Gietzen Executive Director | Officer | 40 | $66,462 |
Elizabeth Walker President | OfficerTrustee | 2 | $0 |
Gregory Norton Vice President | OfficerTrustee | 2 | $0 |
Duncan West Treasurer | OfficerTrustee | 2 | $0 |
Doris Brevoort Board Member | Trustee | 2 | $0 |
Susan Redd Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,853 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $466,482 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,914 |
| Total Program Service Revenue | $362,423 |
| Investment income | $140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,072,552 |
| 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. | $65,823 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,244 |
| Payroll taxes | $19,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,479 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,938 |
| Office expenses | $24,221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,062 |
| Travel | $1,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,417 |
| Insurance | $7,892 |
| All other expenses | $116,365 |
| Total functional expenses | $821,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,873 |
| Savings and temporary cash investments | $200,110 |
| Pledges and grants receivable | $1,635 |
| Accounts receivable, net | $7,401 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,450 |
| Prepaid expenses and deferred charges | $46 |
| Net Land, buildings, and equipment | $490,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $898,508 |
| Accounts payable and accrued expenses | $10,331 |
| 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 | $0 |
| Total liabilities | $10,331 |
| Net assets without donor restrictions | $888,177 |
| 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 | $898,508 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lincoln Theatre Center Foundation has recieved totaling $7,875.
| Awarding Organization | Amount |
|---|---|
Ferguson Foundation Mount Vernon, WA PURPOSE: SUPPORT FOR HISTORICAL THEATRE, PERFORMING ARTS AND OTHER PROGRAMMING | $5,000 |
The Heyday Foundation New York, NY PURPOSE: GENERAL SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of Flight Foundation Seattle, WA | $316,961,475 | $40,753,721 |
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 |
Henry Gallery Association Inc Seattle, WA | $28,956,119 | $4,211,330 |
Wing Luke Memorial Foundation Seattle, WA | $11,076,869 | $11,490,156 |
Anchorage Museum Foundation Anchorage, AK | $43,139,923 | $4,285,923 |
Jack And Shirley Mcintyre Foundation Camano Island, WA | $7,434,116 | $1,587,086 |
Numerica Performing Arts Center Wenatchee, WA | $4,487,181 | $1,049,987 |
Northwest Regional Esd Foundation Hillsboro, OR | $73,778 | $1,010,317 |
Kboo Foundation Portland, OR | $1,209,758 | $994,891 |
Lincoln Theatre Center Foundation Mount Vernon, WA | $898,508 | $1,072,552 |
Swedish Club Foundation Seattle, WA | $5,030,942 | $1,500,108 |