Civic Intelligence

Lincoln Theatre Association

EIN 20-5886656 • 501(c)3 • Columbus, OH

Profile

Lincoln theatre association is the operator of the historic lincoln theatre in the king-lincoln district of columbus, oh. The mission of lta is to showcase established and emerging national artists, provide a home for emerging community groups and the columbus jazz arts groups' jazz academy, and provide the community with year-round space for performances, rehearsals, classes and community events.

55 East State StreetColumbus, OH 43215

www.lincolntheatrecolumbus.com

Siviq Scores

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

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.14x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

16th percentile

-12%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

30th percentile

-1.0%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

17%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$10,858,883

Down $108,212 (-1.0%) from 2023

Liabilities

Up

$226,523

Up $44,904 (+25%) from 2023

Net Assets

Down

$10,632,360

Down $153,116 (-1.4%) from 2023

Revenue

Up

$1,571,483

Up $230,608 (+17%) from 2023

Expenses

Up

$1,763,536

Up $245,997 (+16%) from 2023

Net Income

Down

-$192,053

Down $15,389 (-8.7%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $14,041,424Liabilities 2010: $2,697,135Net Assets 2010: $11,344,2892010Assets 2011: $14,602,207Liabilities 2011: $2,711,369Net Assets 2011: $11,890,8382011Assets 2012: $13,283,612Liabilities 2012: $2,691,947Net Assets 2012: $10,591,6652012Assets 2013: $12,932,118Liabilities 2013: $2,698,235Net Assets 2013: $10,233,8832013Assets 2014: $12,316,988Liabilities 2014: $2,387,918Net Assets 2014: $9,929,0702014Assets 2015: $11,984,286Liabilities 2015: $2,354,627Net Assets 2015: $9,629,6592015Assets 2016: $11,944,979Liabilities 2016: $371,440Net Assets 2016: $11,573,5392016Assets 2017: $11,609,384Liabilities 2017: $302,168Net Assets 2017: $11,307,2162017Assets 2018: $12,296,037Liabilities 2018: $405,592Net Assets 2018: $11,890,4452018Assets 2019: $11,706,539Liabilities 2019: $214,482Net Assets 2019: $11,492,0572019Assets 2020: $11,130,683Liabilities 2020: $55,992Net Assets 2020: $11,074,6912020Assets 2021: $11,003,888Liabilities 2021: $66,318Net Assets 2021: $10,937,5702021Assets 2022: $11,122,867Liabilities 2022: $179,753Net Assets 2022: $10,943,1142022Assets 2023: $10,967,095Liabilities 2023: $181,619Net Assets 2023: $10,785,4762023Assets 2024: $10,858,883Liabilities 2024: $226,523Net Assets 2024: $10,632,3602024

Highlighted filing

2024

Assets$10,858,883
Liabilities$226,523
Net Assets$10,632,360

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,755,8852010Expenses 2011: $1,075,5032011Expenses 2012: $1,717,3022012Expenses 2013: $889,4052013Revenue 2014: $638,302Expenses 2014: $969,311Net Income 2014: -$331,0092014Revenue 2015: $676,459Expenses 2015: $1,024,561Net Income 2015: -$348,1022015Revenue 2016: $2,974,649Expenses 2016: $1,028,379Net Income 2016: $1,946,2702016Revenue 2017: $772,062Expenses 2017: $1,083,501Net Income 2017: -$311,4392017Revenue 2018: $1,635,439Expenses 2018: $1,083,726Net Income 2018: $551,7132018Revenue 2019: $804,668Expenses 2019: $1,215,466Net Income 2019: -$410,7982019Revenue 2020: $775,916Expenses 2020: $1,171,232Net Income 2020: -$395,3162020Revenue 2021: $709,125Expenses 2021: $946,134Net Income 2021: -$237,0092021Revenue 2022: $1,491,824Expenses 2022: $1,409,912Net Income 2022: $81,9122022Revenue 2023: $1,340,875Expenses 2023: $1,517,539Net Income 2023: -$176,6642023Revenue 2024: $1,571,483Expenses 2024: $1,763,536Net Income 2024: -$192,0532024

Highlighted filing

2024

Revenue$1,571,483
Expenses$1,763,536
Net Income-$192,053

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$0.23$10.6$1.57$1.76$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$0.18$10.8$1.34$1.52$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$0.18$10.9$1.49$1.41$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$0.07$10.9$0.71$0.95$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$0.06$11.1$0.78$1.17$0.40
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$0.21$11.5$0.80$1.22$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$0.41$11.9$1.64$1.08$0.55
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$0.30$11.3$0.77$1.08$0.31
2016Detailed filing. Detailed filing data is available for this year.$11.9$0.37$11.6$2.97$1.03$1.95
2015Detailed filing. Detailed filing data is available for this year.$12.0$2.35$9.63$0.68$1.02$0.35
2014Detailed filing. Detailed filing data is available for this year.$12.3$2.39$9.93$0.64$0.97$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$2.70$10.2$0.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$2.69$10.6$1.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$2.71$11.9$1.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$2.70$11.3$1.76
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.2
Gross Receipts
$734,740
Mission and Program Overview

Mission

Lincoln theatre association is the operator of the historic lincoln theatre in the king-lincoln district of columbus, oh. The mission of lta is to showcase established and emerging national artists, provide a home for emerging community groups and the columbus jazz arts groups' jazz academy, and provide the community with year-round space for performances, rehearsals, classes and community events.

To operate the historic lincoln theatre in columbus, ohio

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,263,016$9,815,776▼ $447,240
Savings and Temporary Cash Investments$381,323$639,688▲ $258,365
Investments in Publicly Traded Securities$352,234$470,654▲ $118,420
Pledges and Grants Receivable$110,326$62,182▼ $48,144
Accounts Receivable$15,563$7,710▼ $7,853
Prepaid Expenses and Deferred Charges$7,921$7,278▼ $643
Cash and Non-Interest-Bearing Accounts$300$600▲ $300
Total Assets$11,130,683$11,003,888▼ $126,795
Liabilities
Deferred Revenue$30,934$35,045▲ $4,111
Accounts Payable and Accrued Expenses$25,058$31,273▲ $6,215
Total Liabilities$55,992$66,318▲ $10,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,679,750$10,458,146▼ $221,604
Net Assets With Donor Restrictions$394,941$479,424▲ $84,483
Total Net Assets Fund Balance$11,074,691$10,937,570▼ $137,121
Total Liabilities and Net Assets / Fund Balance$11,130,683$11,003,888▼ $126,795

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,033,794$3,975,130$13,008,924
Other Land Buildings$781,982$1,039,566$1,821,548

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$345,016-▲ $102,024$13,778$431,254
2019$352,509-▲ $7,824$13,507$345,016
2018$340,631-▲ $22,213$13,243$352,509
2017$321,750-▲ $36,864$12,983$340,631
2016$312,998-▲ $38,960$25,208$321,750
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marlon Moore PhdPresident
Peter J HershaVice President
Barbara B LachDirector
Barbara K BrandtDirector
Chelsea BarnettDirector
Jack Marchbanks PhdDirector
Jason JenkinsDirector
Ralph Smithers JrDirector
Stephanie MeredithDirector
Yohannan TerrellDirector
Habiba BankstonDirector (begin 2/21)
Cathryn GeppertDirector (begin 6/21)
Kathy RansierDirector (begin 6/21)
Marketta Franklin-thomasDirector (begin 9/20)
Prashant NateriDirector (begin 9/20)
Kelly Simons PhdDirector (term 12/20)
Tony Hutchins EsqDirector (term 12/20)
Nadine George-graves PhdDirector (term 6/21)
Angela PaceSecretary
Anthony UnderdownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$540,923
Program Service Revenue
$145,990
Investment Income
$14,782
Other Revenue
$7,430
All Other Contributions
$192,164
Change in Net Assets
$-237,009

Audited Revenue Reconciliation

Revenue per Audited Statements
$709,125
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$125,503
Total Revenue per Audited Statements
$834,628
Total Revenue per Form 990
$709,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$775,885
Salaries, Compensation, and Employee Benefits$170,249
Total Fundraising Expense$34,128
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$472,848--$472,848
Other Salaries and Wages$152,287--$152,287
Occupancy$106,578$3,920-$110,498
Fees for Services Management-$68,842$29,503$98,345
Insurance$29,409--$29,409
Fees for Services Other$10,213$10,875-$21,088
Other Employee Benefits$16,559--$16,559
Information Technology-$7,274-$7,274
Office Expenses$867$4,677$347$5,891
Advertising$1,440$1,043$28$2,511
Other Expenses$921$420$4,250$1,341
Payroll Taxes$1,063--$1,063
Pension Plan Contributions$340--$340
Total Functional Expenses$814,075$97,931$34,128$946,134

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$971,749
Expenses per Audited Statements$946,134
Total Expenses per Form 990$946,134
Expenses Not Reported on Form 990$25,615
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$25,615
Fundraising Gross Income$1,350
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lincoln Theatre Celebration$94,931$1,350$17,259$-15,909
Total Events$94,931$1,350$25,615$-24,265
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

During fiscal year 2021, the association continued its management agreement with the columbus association for the performing arts (capa). Under this agreement, capa provides certain management, financial, and marketing services to the association. The association's board continues to provide oversight and strategic direction to both the association's staff and capa in its capacity as management company.

Form 990, Part VI, Section A, Line 6

The columbus association for the performing arts is the sole member.

Form 990, Part VI, Section A, Line 7A

The columbus association for the performing arts, the sole member of the association, has authority over the election and appointment of the directors of the governing body, as well as the authority to remove the directors at any time.

Form 990, Part VI, Section A, Line 8B

The organization does not have committees with the authority to act on behalf of the governing body. If it did, however, the contemporaneous documentation of the committees' meetings and their actions would be performed.

Form 990, Part VI, Section B, Line 11B

After managements review of the draft, the 990 is distributed via e-mail to the full board of the association for review and comment. The 990 is modified, if needed, based on board comments and questions. The final draft submitted to the irs is re-distributed to all board members.

Form 990, Part VI, Section B, Line 12C

Applicable individuals are required to fill out conflict statements on an annual basis.

Form 990, Part VI, Section C, Line 18

The organization's forms 1023 and 990 are available upon request and the 990 form is also available on another's website, www.guidestar.org.

Form 990, Part VI, Section C, Line 19

Governing documents and policies are generally not provided to the public, other than those required to be disclosed by law.

Filing and Contact Details

Filer

Filer Name
Lincoln Theatre Association
EIN
20-5886656
Phone
6144691045
Address
55 EAST STATE STREET, COLUMBUS, OH 43215

Signing Officer

Name
Peter Hersha
Title
President
Phone
6144691045
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Hersha
Formed
2006
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
17
Employees
29
Volunteers
30

Preparer

Firm
John Gerlach & Company Llp
Address
37 W BROAD ST STE 530, COLUMBUS, OH 43215
Preparer
Tj Conger CPA
Phone
6142242164
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINES 2A & 2B: THE ORGANIZATION HAS AN AGREEMENT WITH A

Related organization, the columbus association for the performing arts, ein: 31-0749884, regarding the compensation of salaried employees. These employees are paid by the related organization with the lincoln theatre association reimbursing the related organization on a monthly basis. All required federal payroll tax returns were filed.

FORM 990, PART XI, LINE 9:

BAD DEBT RECOVERY 5,869.

Financial Statement Notes

PART V, LINE 4:

Endowment funds are used to support the general operations of lincoln theatre association.

PART X, LINE 2:

The association has adopted the provisions of the financial accounting standards board (fasb) accounting standards codification (asc) relating to uncertain tax positions. The association does not believe its financial statements include any uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Bad debt recovery 5,869. Special event costs 25,615.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event costs 25,615.

Raw XML AppendixShowing 400 of 735 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.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt07710
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO OPERATE THE HISTORIC LINCOLN THEATRE IN COLUMBUS, OHIO
IRS990/AdvertisingGrp/FundraisingAmt028
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IRS990/Desc0THE LINCOLN THEATRE ASSOCIATION (LTA) MANAGES AND OPERATES THE HISTORIC LINCOLN THEATRE COMPLEX LOCATED IN THE KING-LINCOLN DISTRICT OF COLUMBUS, OH. OPERATION OF THE THEATRE CONSISTED OF OVERSEEING RENTAL OF THE THEATRE, RELATED REHEARSAL AND BALLROOM SPACES, AND OVERSEEING OFFICE SPACE AND EDUCATION SPACES. THE LINCOLN THEATRE PARTICULARLY ENCOURAGES AND SUPPORTS NEW AND EMERGING BLACK ARTISTS AND ARTS ORGANIZATIONS. DURING FY21, MORE THAN 20,000 PEOPLE ATTENDED EVENTS, EITHER VIRTUALLY OR LIVE AT THE THEATRE, FEATURING A WIDE RANGE OF PERFORMANCES. IN MARCH 2020, THE LINCOLN SUSPENDED IN-PERSON PROGRAMMING DUE TO THE COVID-19 PANDEMIC. THE LINCOLN THEATRE ASSOCIATION RETURNED TO IN-PERSON PROGRAMS THAT WERE PRODUCED PRIMARILY ONLINE WITH A RESTRICTED LIVE AUDIENCE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR (BEGIN 9/20)
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IRS990/MissionDesc0THE MISSION OF THE LINCOLN THEATRE ASSOCIATION IS TO SERVE AS THE STEWARD OF THE HISTORIC LANDMARK THEATRE, AS AN INCUBATOR FOR TALENTED, EMERGING ARTISTS IN OUR COMMUNITY, AS A PRESENTER OF THE HIGHEST QUALITY ARTISTS FROM AROUND THE WORLD, AND AS A CREATIVE PARTNER THAT IS AN ECONOMIC CATALYST FOR THE REVITALIZATION OF THE KING-LINCOLN DISTRICT AND DOWNTOWN COLUMBUS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0OUR EDUCATION PROGRAMS FOR ALL AGES SERVED THE KING-LINCOLN DISTRICT AND SURROUNDING COMMUNITIES. FOR ADULTS, OUR LARGEST PROGRAM HELPED EMERGING ARTISTS BY PROVIDING A SERIES OF CLASSES AND WORKSHOPS, GIVING PRACTICAL GUIDANCE ON ISSUES SUCH AS COPYRIGHT LAW, INSURANCE, MARKETING, AND PRODUCTION VALUES. THE LINCOLN THEATRE ASSOCIATION ALSO PROUDLY HOSTED A COMMUNITY CONVERSATIONS SERIES FREE FOR THE PUBLIC WITH PANEL DISCUSSIONS ON TIMELY SUBJECTS. IN OCTOBER OF 2020, THE SUBJECT OF OUR VIRTUAL COMMUNITY CONVERSATIONS WAS "SOCIAL JUSTICE, SOCIAL WELLNESS - CORPORATE TO COMMUNITY". FOR CHILDREN, OUR LARGEST EDUCATION PROGRAM WAS OUR PATTERNZ SUMMER CAMP, WHICH SERVED HUNDREDS OF CHILDREN AGES 6-13 FOR EIGHT WEEKS, PROVIDING VALUABLE ARTS EDUCATION EXPERIENCES. CAMPERS PARTICIPATED IN WORKSHOPS LEARNING ABOUT DANCE, VISUAL ARTS, THEATRE, AND MUSIC; GAINING PERFORMING SKILLS AS THEY BUILT IMPORTANT SOCIAL AND EMOTIONAL SKILLS.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
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IRS990/ProgSrvcAccomActy3Grp/Desc0PUBLIC PROGRAMS PROVIDED BY THE LINCOLN THEATRE ASSOCIATION BENEFITED BOTH ARTISTS AND THE GENERAL PUBLIC. OUR BACKSTAGE AT THE LINCOLN AND CLUB LINCOLN CONCERT SERIES FEATURED LOCAL MUSICIANS AND SHOWCASED A VARIETY OF GENRES, SUCH AS R&B, SOUL, JAZZ, GOSPEL, AND SPOKEN WORD. DUE TO THE COVID-19 PANDEMIC, CONCERTS WERE HELD THROUGH VIRTUAL PLATFORMS AND LIMITED, IN-PERSON EVENTS. IN THE FALL OF 2020, THE LINCOLN INTRODUCED A SHORT-RUN CONCERT SERIES FOR THE MONTH OF SEPTEMEBER, THE LINCOLN LIVING ROOM, WHICH HIGHLIGHTED EMERGING TALENT AND EXPERIMENTED WITH THE VIRTUAL PLATFORM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt028275
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