Civic Intelligence

Warner Theatre Preservation Trust

EIN 25-1743074 • 501(c)3 • Erie, PA

Profile

Long-term planning for, and commencement of, the historic restoration and expansion of the warner theatre in erie, pa to a multi-use performing arts center.

809 French StreetErie, PA 16501

n/A

Siviq Scores

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

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

48th percentile

0.8%

Higher net margin than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

61st percentile

4.2%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

3.3%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$85,701

Up $3,467 (+4.2%) from 2023

Liabilities

Flat

$28

Flat from 2023

Net Assets

Up

$85,673

Up $3,467 (+4.2%) from 2023

Revenue

Up

$311,555

Up $9,857 (+3.3%) from 2023

Expenses

Up

$308,939

Up $7,428 (+2.5%) from 2023

Net Income

Up

$2,616

Up $2,429 (+1299%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $1,493,996Liabilities 2012: $8Net Assets 2012: $1,493,9882012Assets 2013: $1,476,105Liabilities 2013: $18Net Assets 2013: $1,476,0872013Assets 2014: $1,414,989Liabilities 2014: $10,257Net Assets 2014: $1,404,7322014Assets 2015: $1,370,471Liabilities 2015: $12,489Net Assets 2015: $1,357,9822015Assets 2016: $509,395Liabilities 2016: $4,665Net Assets 2016: $504,7302016Assets 2017: $503,952Liabilities 2017: $6,105Net Assets 2017: $497,8472017Assets 2018: $330,336Liabilities 2018: $889Net Assets 2018: $329,4472018Assets 2019: $330,336Liabilities 2019: $889Net Assets 2019: $329,4472019Assets 2020: $137,853Liabilities 2020: $24Net Assets 2020: $137,8292020Assets 2021: $102,679Liabilities 2021: $0Net Assets 2021: $102,6792021Assets 2022: $82,047Liabilities 2022: $28Net Assets 2022: $82,0192022Assets 2023: $82,234Liabilities 2023: $28Net Assets 2023: $82,2062023Assets 2024: $85,701Liabilities 2024: $28Net Assets 2024: $85,6732024

Highlighted filing

2024

Assets$85,701
Liabilities$28
Net Assets$85,673

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $285,2812012Revenue 2013: $497Expenses 2013: $18,787Net Income 2013: -$18,2902013Revenue 2014: $20,392Expenses 2014: $91,990Net Income 2014: -$71,5982014Revenue 2015: $285Expenses 2015: $47,146Net Income 2015: -$46,8612015Revenue 2016: $519,213Expenses 2016: $1,372,850Net Income 2016: -$853,6372016Revenue 2017: $260Expenses 2017: $7,738Net Income 2017: -$7,4782017Revenue 2018: $140,825Expenses 2018: $308,601Net Income 2018: -$167,7762018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $18,852Expenses 2020: $210,470Net Income 2020: -$191,6182020Revenue 2021: $3,127Expenses 2021: $38,277Net Income 2021: -$35,1502021Revenue 2022: $37Expenses 2022: $20,697Net Income 2022: -$20,6602022Revenue 2023: $301,698Expenses 2023: $301,511Net Income 2023: $1872023Revenue 2024: $311,555Expenses 2024: $308,939Net Income 2024: $2,6162024

Highlighted filing

2024

Revenue$311,555
Expenses$308,939
Net Income$2,616

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$311,555
Mission and Program Overview

Mission

Long-term planning for, and commencement of, the historic restoration and expansion of the warner theatre in erie, pa to a multi-use performing arts center.

To preserve and transform the warner theatre in erie, pennsylvania into a modern performing arts center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$61,469$67,639▲ $6,170
Inventories for Sale or Use$17,759$14,205▼ $3,554
Investments in Publicly Traded Securities$3,006$3,857▲ $851
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$82,234$85,701▲ $3,467
Liabilities
Accounts Payable and Accrued Expenses$28$28→ $0
Total Liabilities$28$28→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$82,206$85,673▲ $3,467
Total Net Assets Fund Balance$82,206$85,673▲ $3,467
Total Liabilities and Net Assets / Fund Balance$82,234$85,701▲ $3,467

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$8,006$8,006
Compensation and Service Providers

Board Members and Trustees

NameTitle
Douglas MurphyChairman
Joseph HilbertVice Chairman
Augustus PineDirector
Ed SnyderDirector
Gary MaasDirector
John Casey WellsDirector
Marlene MoscoDirector
Michael MccormickDirector
Thomas TupitzaSecretary
Charles IversonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$311,075
Program Service Revenue
$0
Investment Income
$480
Other Revenue
$0
All Other Contributions
$311,075
Change in Net Assets
$2,616
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,000
Other Expenses$8,939
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Other Expenses-$6,039-$6,039
Fees for Services Accounting-$2,900-$2,900
Total Functional Expenses$300,000$8,939$0$308,939
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Erie County Convention Center AuthorityErie, PA-To Help Fund Restoration and Expansion of the Historic Warner Theatre in Erie, Pa$300,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization does not have any individual committees with authority to act on behalf of the governing body.

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

The form 990 is reviewed by the board chair, treasurer and secretary prior to filing.

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

To ensure the trust operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, the board of directors will conduct periodic reviews of compensation arrangements to assure compensation paid by the trust is reasonable as well as to assess whether contracts and consultant agreements conform to the trust's policies and represent reasonable investments that advance the trust's charitable purposes without resulting in excess private benefit.

Form 990, Part VI, Section B, Line 15

The trust does not have a compensated ceo, officers or key employees.

Form 990, Part VI, Section C, Line 19

The organization will provide governing documents, conflict of interest policy, and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Warner Theatre Preservation Trust
EIN
25-1743074
Phone
8144598852
Address
809 FRENCH STREET, ERIE, PA 16501

Signing Officer

Name
Charles Iverson
Title
Treasurer
Phone
8144598852
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Iverson
Formed
1994
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Mcgill Power Bell & Assoc Llp
Address
2402 W 8TH STREET, ERIE, PA 16505
Preparer
Vincent Halupczynski
Phone
8144536594
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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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt08006
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08006
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0300000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO HELP FUND RESTORATION AND EXPANSION OF THE HISTORIC WARNER THEATRE IN ERIE, PA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ERIE COUNTY CONVENTION CENTER AUTHORITY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0140 WEST 6TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ERIE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd016501
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FUNDS ARE MONITORED AND AWARDED BY THE BOARD OF DIRECTORS TO PRESERVE AND TRANSFORM THE WARNER THEATRE IN ERIE, PA INTO A MODERN PEFORMING ARTS CENTER.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY INDIVIDUAL COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD CHAIR, TREASURER AND SECRETARY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO ENSURE THE TRUST OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, THE BOARD OF DIRECTORS WILL CONDUCT PERIODIC REVIEWS OF COMPENSATION ARRANGEMENTS TO ASSURE COMPENSATION PAID BY THE TRUST IS REASONABLE AS WELL AS TO ASSESS WHETHER CONTRACTS AND CONSULTANT AGREEMENTS CONFORM TO THE TRUST'S POLICIES AND REPRESENT REASONABLE INVESTMENTS THAT ADVANCE THE TRUST'S CHARITABLE PURPOSES WITHOUT RESULTING IN EXCESS PRIVATE BENEFIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUST DOES NOT HAVE A COMPENSATED CEO, OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION WILL PROVIDE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt082234
IRS990/TotalAssetsEOYAmt085701
IRS990/TotalAssetsGrp/BOYAmt082234
IRS990/TotalAssetsGrp/EOYAmt085701
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0311075
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08939
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0300000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0308939
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028
IRS990/TotalLiabilitiesEOYAmt028
IRS990/TotalLiabilitiesGrp/BOYAmt028
IRS990/TotalLiabilitiesGrp/EOYAmt028
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt082206
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt085673
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0300000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0480
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0311555
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt082234
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt085701
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0809 FRENCH STREET
IRS990/USAddress/CityNm0ERIE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016501
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES IVERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08144598852
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WARNER THEATRE PRESERVATION TRUST
ReturnHeader/Filer/BusinessNameControlTxt0WARN
ReturnHeader/Filer/EIN0251743074
ReturnHeader/Filer/PhoneNum08144598852
ReturnHeader/Filer/USAddress/AddressLine1Txt0809 FRENCH STREET
ReturnHeader/Filer/USAddress/CityNm0ERIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251031405
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCGILL POWER BELL & ASSOC LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02402 W 8TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ERIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd016505
ReturnHeader/PreparerPersonGrp/PhoneNum08144536594
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VINCENT HALUPCZYNSKI
ReturnHeader/ReturnTs02025-11-12T10:47:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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