Civic Intelligence

The Capitol Theater Foundation Of

EIN 20-2372290 • 501(c)3 • Burlington, IA

Profile

The acquisition and restoration of the capitol theater and isu buildings to provide a venue for performing arts events in burlington, iowa. In 2012 began operating as a regional performing arts center for southeast iowa and west central illinois.

211 N 3rd StBurlington, IA 52601

www.burlingtoncapitoltheater.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.26x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

1.08x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

45th percentile

1.8%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

9.6%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,547,617

Up $45,435 (+1.8%) from 2023

Liabilities

Down

$658,662

Down $38,069 (-5.5%) from 2023

Net Assets

Up

$1,888,955

Up $83,504 (+4.6%) from 2023

Revenue

Up

$611,818

Up $53,608 (+9.6%) from 2023

Expenses

Up

$528,314

Up $69,954 (+15%) from 2023

Net Income

Down

$83,504

Down $16,346 (-16%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $358,713Liabilities 2010: $116,066Net Assets 2010: $242,6472010Assets 2011: $2,868,887Liabilities 2011: $499,951Net Assets 2011: $2,368,9362011Assets 2012: $3,679,224Liabilities 2012: $1,514,991Net Assets 2012: $2,164,2332012Assets 2013: $3,443,421Liabilities 2013: $1,119,143Net Assets 2013: $2,324,2782013Assets 2014: $3,137,044Liabilities 2014: $791,346Net Assets 2014: $2,345,6982014Assets 2015: $2,888,621Liabilities 2015: $751,211Net Assets 2015: $2,137,4102015Assets 2016: $2,708,323Liabilities 2016: $778,841Net Assets 2016: $1,929,4822016Assets 2017: $2,604,622Liabilities 2017: $816,119Net Assets 2017: $1,788,5032017Assets 2018: $2,509,352Liabilities 2018: $745,150Net Assets 2018: $1,764,2022018Assets 2019: $2,429,038Liabilities 2019: $671,932Net Assets 2019: $1,757,1062019Assets 2020: $2,421,548Liabilities 2020: $695,713Net Assets 2020: $1,725,8352020Assets 2021: $2,444,385Liabilities 2021: $460,071Net Assets 2021: $1,984,3142021Assets 2022: $2,400,855Liabilities 2022: $695,254Net Assets 2022: $1,705,6012022Assets 2023: $2,502,182Liabilities 2023: $696,731Net Assets 2023: $1,805,4512023Assets 2024: $2,547,617Liabilities 2024: $658,662Net Assets 2024: $1,888,9552024

Highlighted filing

2024

Assets$2,547,617
Liabilities$658,662
Net Assets$1,888,955

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $144,354Expenses 2010: $59,400Net Income 2010: $84,9542010Expenses 2011: $154,3322011Revenue 2012: $384,530Expenses 2012: $357,158Net Income 2012: $27,3722012Revenue 2013: $666,297Expenses 2013: $323,732Net Income 2013: $342,5652013Revenue 2014: $484,594Expenses 2014: $330,412Net Income 2014: $154,1822014Revenue 2015: $171,786Expenses 2015: $290,074Net Income 2015: -$118,2882015Revenue 2016: $194,685Expenses 2016: $402,613Net Income 2016: -$207,9282016Revenue 2017: $222,427Expenses 2017: $363,406Net Income 2017: -$140,9792017Revenue 2018: $277,781Expenses 2018: $302,082Net Income 2018: -$24,3012018Revenue 2019: $260,502Expenses 2019: $267,598Net Income 2019: -$7,0962019Revenue 2020: $185,791Expenses 2020: $217,062Net Income 2020: -$31,2712020Revenue 2021: $544,162Expenses 2021: $285,683Net Income 2021: $258,4792021Revenue 2022: $485,882Expenses 2022: $585,095Net Income 2022: -$99,2132022Revenue 2023: $558,210Expenses 2023: $458,360Net Income 2023: $99,8502023Revenue 2024: $611,818Expenses 2024: $528,314Net Income 2024: $83,5042024

Highlighted filing

2024

Revenue$611,818
Expenses$528,314
Net Income$83,504

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.66$1.89$0.61$0.53$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.50$0.70$1.81$0.56$0.46$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.40$0.70$1.71$0.49$0.59$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.44$0.46$1.98$0.54$0.29$0.26
2020Detailed filing. Detailed filing data is available for this year.$2.42$0.70$1.73$0.19$0.22$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.43$0.67$1.76$0.26$0.27$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.51$0.75$1.76$0.28$0.30$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.60$0.82$1.79$0.22$0.36$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.71$0.78$1.93$0.19$0.40$0.21
2015Detailed filing. Detailed filing data is available for this year.$2.89$0.75$2.14$0.17$0.29$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.14$0.79$2.35$0.48$0.33$0.15
2013Detailed filing. Detailed filing data is available for this year.$3.44$1.12$2.32$0.67$0.32$0.34
2012Summary only. Only limited summary data is available for this year.$3.68$1.51$2.16$0.38$0.36$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.50$2.37$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.12$0.24$0.14$0.06$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.0
Gross Receipts
$666,562
Mission and Program Overview

Mission

The acquisition and restoration of the capitol theater and isu buildings to provide a venue for performing arts events in burlington, iowa. In 2012 began operating as a regional performing arts center for southeast iowa and west central illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,152,509$2,273,886▲ $121,377
Cash and Non-Interest-Bearing Accounts$305,706$268,242▼ $37,464
Inventories for Sale or Use$3,000$3,000→ $0
Savings and Temporary Cash Investments$40,867$2,239▼ $38,628
Accounts Receivable$100$250▲ $150
Total Assets$2,502,182$2,547,617▲ $45,435
Liabilities
Other Liabilities$656,640$638,676▼ $17,964
Accounts Payable and Accrued Expenses$40,091$19,986▼ $20,105
Total Liabilities$696,731$658,662▼ $38,069
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,805,451$1,888,955▲ $83,504
Total Net Assets Fund Balance$1,805,451$1,888,955▲ $83,504
Total Liabilities and Net Assets / Fund Balance$2,502,182$2,547,617▲ $45,435

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,246,586$1,285,910$3,532,496
Land$27,300-$27,300
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ed MansheimPresident
Daniel PappasDirector
Dustin RothDirector
James RhodesDirector
Jeff PoulterDirector
Kay SackvilleDirector
Kevin CarrDirector
Melissa FloresDirector
Sydney GerstDirector
Tadd GoodDirector
Terri DowellDirector
Zach JamesPast Preside
Chad BirdSecretary
Russ RodriguezTreasurer
Tomi HaganVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$332,537
Program Service Revenue
$148,978
Investment Income
$1,306
Other Revenue
$128,997
All Other Contributions
$324,107
Change in Net Assets
$83,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$416,081
Salaries, Compensation, and Employee Benefits$112,233
Total Fundraising Expense$546
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$125,869--$125,869
Other Salaries and Wages$104,099--$104,099
Occupancy$49,184--$49,184
Interest$31,491--$31,491
Office Expenses$19,763--$19,763
Insurance$18,000--$18,000
Fees for Services Other$10,800$5,901-$16,701
All Other Expenses$11,728-$546$12,274
Travel$9,619--$9,619
Payroll Taxes$8,134--$8,134
Advertising$7,469--$7,469
Other Expenses$5,310--$5,310
Information Technology$1,554--$1,554
Conferences and Meetings$25--$25
Total Functional Expenses$521,867$5,901$546$528,314
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan$272,475
Mortgage$231,787
Seirpc$134,414
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board of directors reviews and approves the draft 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest disclosure statements received annually by executive committee from each board member and reviewed for inappropriate relationships.

Form 990, Page 6, Part VI, Line 15A

Executive director compensation is subject to review and approval of the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Capitol Theater Foundation of
EIN
20-2372290
Phone
3192371099
Address
211 N 3RD ST, BURLINGTON, IA 52601

Signing Officer

Name
Tomi Hagan
Title
Vice President
Phone
6607488268
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Mansheim
Formed
2005
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
20

Preparer

Firm
Menke & Company
Address
406 AVENUE E PO BOX 135, WEST POINT, IA 52656-0135
Preparer
Ann M Menke
Phone
3198376042
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The acquisition and restoration of the capitol theater and isu buildings to provide a venue for performing arts events in burlington, iowa. In 2012 began operating as a regional performing arts center for southeast iowa and west central illinois.

Form 990, Page 2, Part III, Line 4D

Performing arts and film programming in restored historic burlington capitol theater.

Raw XML AppendixShowing 400 of 449 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE ACQUISITION AND RESTORATION OF THE CAPITOL THEATER AND ISU BUILDINGS TO PROVIDE A VENUE FOR PERFORMING ARTS EVENTS IN BURLINGTON, IOWA. IN 2012 BEGAN OPERATING AS A REGIONAL PERFORMING ARTS CENTER FOR SOUTHEAST IOWA AND WEST CENTRAL ILLINOIS.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0124560
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt099550
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01805451
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01888955
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt049184
IRS990/OccupancyGrp/TotalAmt049184
IRS990/OfficeExpensesGrp/ProgramServicesAmt019763
IRS990/OfficeExpensesGrp/TotalAmt019763
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0COST OF LIVE ACTS
IRS990/OtherExpensesGrp/Desc1COST OF FILMS
IRS990/OtherExpensesGrp/Desc2CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc3TICKETING FEES
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IRS990/OtherExpensesGrp/ProgramServicesAmt121276
IRS990/OtherExpensesGrp/ProgramServicesAmt25463
IRS990/OtherExpensesGrp/ProgramServicesAmt35310
IRS990/OtherExpensesGrp/TotalAmt092083
IRS990/OtherExpensesGrp/TotalAmt121276
IRS990/OtherExpensesGrp/TotalAmt25463
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IRS990/OtherLiabilitiesGrp/BOYAmt0656640
IRS990/OtherLiabilitiesGrp/EOYAmt0638676
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0104099
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt08134
IRS990/PayrollTaxesGrp/TotalAmt08134
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ED MANSHEIM
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc1FACILITY RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2SPONSORSHIPS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt133337
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225260
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3295
IRS990/ProgSrvcAccomActy2Grp/Desc0REGIONAL PERFORMING ARTS CENTER FOR SOUTHEAST IOWA AND WEST CENTRAL ILLINOIS. PERFORMING ARTS AND FILM PROGRAMMING IN RESTORED HISTORIC BURLINGTON CAPITOL THEATER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0521867
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0148978
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PERFORMING ARTS AND FILM PROGRAMMING IN RESTORED HISTORIC BURLINGTON CAPITOL THEATER.
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IRS990/PYOtherExpensesAmt0396625
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IRS990/PYProgramServiceRevenueAmt0141191
IRS990/PYRevenuesLessExpensesAmt099850
IRS990/PYSalariesCompEmpBnftPaidAmt061735
IRS990/PYTotalExpensesAmt0458360
IRS990/PYTotalRevenueAmt0558210
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt083504
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt040867
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02239
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 62,527
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0390597
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0323605
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0278239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0157028
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01482006
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt034321
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07779
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0124646
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt017316
IRS990ScheduleA/OtherIncome170Grp/TotalAmt062527
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01482006
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt027300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027300
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02246586
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01285910
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03532496
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1231787
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2134414
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SEIRPC
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IRS990ScheduleD/TotalLiabilityAmt0638676
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ACQUISITION AND RESTORATION OF THE CAPITOL THEATER AND ISU BUILDINGS TO PROVIDE A VENUE FOR PERFORMING ARTS EVENTS IN BURLINGTON, IOWA. IN 2012 BEGAN OPERATING AS A REGIONAL PERFORMING ARTS CENTER FOR SOUTHEAST IOWA AND WEST CENTRAL ILLINOIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERFORMING ARTS AND FILM PROGRAMMING IN RESTORED HISTORIC BURLINGTON CAPITOL THEATER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE DRAFT 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST DISCLOSURE STATEMENTS RECEIVED ANNUALLY BY EXECUTIVE COMMITTEE FROM EACH BOARD MEMBER AND REVIEWED FOR INAPPROPRIATE RELATIONSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05901
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0521867
IRS990/TotalFunctionalExpensesGrp/TotalAmt0528314
IRS990/TotalGrossUBIAmt099550
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IRS990/TotalProgramServiceExpensesAmt0521867
IRS990/TotalProgramServiceRevenueAmt0148978
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