Civic Intelligence

The Lincoln Theatre Inc

EIN 54-1477479 • 501(c)3 • Marion, VA

Profile

To create and substain a regional center for enrichment, education, and entertainment

117 E Main StreetMarion, VA 24354

www.thelincoln.org

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.08x

Higher debt load relative to assets than 52% of similar nonprofits.

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

Liabilities / Revenue

63rd percentile

0.17x

Higher debt load relative to revenue than 63% of similar nonprofits.

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

Net Margin

21st percentile

-11%

Higher net margin than 21% of similar nonprofits.

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

Top Officer Pay

50th percentile

$56,667

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

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

Asset Growth

27th percentile

-3.6%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

76th percentile

33%

Faster revenue growth than 76% of similar nonprofits.

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

Assets

Down

$1,253,490

Down $46,815 (-3.6%) from 2023

Liabilities

Up

$94,863

Up $16,242 (+21%) from 2023

Net Assets

Down

$1,158,627

Down $63,057 (-5.2%) from 2023

Revenue

Up

$566,044

Up $139,681 (+33%) from 2023

Expenses

Up

$629,101

Up $142,319 (+29%) from 2023

Net Income

Down

-$63,057

Down $2,638 (-4.4%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,513,660Liabilities 2011: $125,550Net Assets 2011: $1,388,1102011Assets 2012: $1,406,612Liabilities 2012: $85,603Net Assets 2012: $1,321,0092012Assets 2013: $1,354,281Liabilities 2013: $75,622Net Assets 2013: $1,278,6592013Assets 2014: $1,321,159Liabilities 2014: $115,577Net Assets 2014: $1,205,5822014Assets 2015: $1,229,046Liabilities 2015: $84,618Net Assets 2015: $1,144,4282015Assets 2016: $1,139,023Liabilities 2016: $62,451Net Assets 2016: $1,076,5722016Assets 2017: $1,325,156Liabilities 2017: $38,211Net Assets 2017: $1,286,9452017Assets 2018: $1,280,810Liabilities 2018: $23,408Net Assets 2018: $1,257,4022018Assets 2019: $1,244,339Liabilities 2019: $31,525Net Assets 2019: $1,212,8142019Assets 2020: $1,232,777Liabilities 2020: $74,145Net Assets 2020: $1,158,6322020Assets 2021: $1,329,395Liabilities 2021: $13,725Net Assets 2021: $1,315,6702021Assets 2022: $1,320,198Liabilities 2022: $38,095Net Assets 2022: $1,282,1032022Assets 2023: $1,300,305Liabilities 2023: $78,621Net Assets 2023: $1,221,6842023Assets 2024: $1,253,490Liabilities 2024: $94,863Net Assets 2024: $1,158,6272024

Highlighted filing

2024

Assets$1,253,490
Liabilities$94,863
Net Assets$1,158,627

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $495,248Expenses 2011: $568,397Net Income 2011: -$73,1492011Revenue 2012: $458,960Expenses 2012: $526,061Net Income 2012: -$67,1012012Revenue 2013: $440,201Expenses 2013: $493,430Net Income 2013: -$53,2292013Revenue 2014: $484,548Expenses 2014: $557,625Net Income 2014: -$73,0772014Revenue 2015: $373,389Expenses 2015: $434,543Net Income 2015: -$61,1542015Revenue 2016: $353,572Expenses 2016: $421,428Net Income 2016: -$67,8562016Revenue 2017: $238,066Expenses 2017: $257,841Net Income 2017: -$19,7752017Revenue 2018: $252,122Expenses 2018: $281,665Net Income 2018: -$29,5432018Revenue 2019: $264,241Expenses 2019: $308,829Net Income 2019: -$44,5882019Revenue 2020: $158,831Expenses 2020: $213,013Net Income 2020: -$54,1822020Revenue 2021: $402,207Expenses 2021: $245,169Net Income 2021: $157,0382021Revenue 2022: $287,949Expenses 2022: $321,516Net Income 2022: -$33,5672022Revenue 2023: $426,363Expenses 2023: $486,782Net Income 2023: -$60,4192023Revenue 2024: $566,044Expenses 2024: $629,101Net Income 2024: -$63,0572024

Highlighted filing

2024

Revenue$566,044
Expenses$629,101
Net Income-$63,057

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.25$0.09$1.16$0.57$0.63$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.08$1.22$0.43$0.49$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.32$0.04$1.28$0.29$0.32$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.33$0.01$1.32$0.40$0.25$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.07$1.16$0.16$0.21$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.03$1.21$0.26$0.31$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.02$1.26$0.25$0.28$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.04$1.29$0.24$0.26$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.14$0.06$1.08$0.35$0.42$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.08$1.14$0.37$0.43$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.32$0.12$1.21$0.48$0.56$0.07
2013Summary only. Only limited summary data is available for this year.$1.35$0.08$1.28$0.44$0.49$0.05
2012Summary only. Only limited summary data is available for this year.$1.41$0.09$1.32$0.46$0.53$0.07
2011Summary only. Only limited summary data is available for this year.$1.51$0.13$1.39$0.50$0.57$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$567,164
Mission and Program Overview

Mission

To create and substain a regional center for enrichment, education, and entertainment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,088,409$1,088,875▲ $466
Cash and Non-Interest-Bearing Accounts$172,570$144,244▼ $28,326
Accounts Receivable$39,326$20,371▼ $18,955
Total Assets$1,300,305$1,253,490▼ $46,815
Liabilities
Other Liabilities$78,621$94,863▲ $16,242
Total Liabilities$78,621$94,863▲ $16,242
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,221,684$1,158,627▼ $63,057
Total Net Assets Fund Balance$1,221,684$1,158,627▼ $63,057
Total Liabilities and Net Assets / Fund Balance$1,300,305$1,253,490▼ $46,815

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,024,176$285,667$1,309,843
Equipment$30,313$403,576$433,889
Other Land Buildings$16,386$115,346$131,732
Land$18,000-$18,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert WatkinsExecutive DiFT$56,667$56,667

Board Members and Trustees

NameTitle
Suzanne JenningsPresident
Paul MorrisonBy-laws Comm
Bill JenningsEndowment
Anna Vernan BowmanMarketing Co
Ginny MoorerMarketing Co
Michael KarnesProgram Comm
Mike HallSecretary
Brian WalkerTreasurer
Nancy HollyfieldVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$195,656
Program Service Revenue
$359,759
Investment Income
$2,509
Other Revenue
$8,120
All Other Contributions
$82,976
Change in Net Assets
$-63,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$487,981
Salaries, Compensation, and Employee Benefits$141,120
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$102,456--$102,456
All Other Expenses$59,918$2,734-$62,652
Current Officers, Directors, Trustees, and Key Employees-$56,667-$56,667
Other Salaries and Wages$50,735--$50,735
Occupancy$38,571--$38,571
Advertising$34,127--$34,127
Other Expenses$25,831--$25,831
Comp Disqual Persons-$23,458-$23,458
Insurance$12,686$5,360-$18,046
Office Expenses$15,804--$15,804
Payroll Taxes$10,260--$10,260
Fees for Services Accounting$2,507--$2,507
Total Functional Expenses$540,882$88,219$0$629,101
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,240
Fundraising Direct Expenses$1,120
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
Ticket Revenue Payable$91,688
Gift Card Outstanding$2,214
Square Gift Card$600
Sales Tax Payable$361
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 lincoln theatre, inc. Holds monthly financial board meetings and provides a copy of the form 990 to the board members and addresses any questions or problems that may occur.

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

Compensation is reviewed and voted upon by the board at the annual meeting.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Lincoln Theatre Inc
EIN
54-1477479
Phone
2767836092
Address
117 E MAIN STREET, MARION, VA 24354

Signing Officer

Name
Robert Watkins
Title
Executive Director
Phone
2767836093
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Watkins
Formed
1988
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
11
Volunteers
90

Preparer

Firm
Lawhorn CPA Group LLC
Address
129 S CHESTNUT ST, MARION, VA 24354
Preparer
Amanda Mynatt CPA
Phone
2767837257
Supplemental Narrative

Additional Explanations

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

To create and substain a regional center for enrichment, education and entertainment.

Raw XML AppendixShowing 400 of 412 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/ProgSrvcAccomActy2Grp/Desc0RENT, INSURANCE AND UTILITY EXPENSES TO PROVIDE THE ORGANIZATION WITH A BUILDING TO MAINTAIN THE PERFORMING CULTURAL ARTS CENTER THAT PROVIDES EDUCATION AND CULTURE TO THE REGION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DEPRECIATION AND INTEREST EXPENSE ON EQUIPMENT USED IN THE PERFORMING CULTURAL ARTS CENTER.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02667
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO CREATE AND SUBSTAIN A REGIONAL CENTER FOR ENRICHMENT, EDUCATION AND ENTERTAINMENT.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0305643
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0115201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0928150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02509
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013
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IRS990ScheduleA/PublicSupportPY170Pct00.84710
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0174904
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt018000
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0131732
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TICKET REVENUE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1GIFT CARD OUTSTANDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SQUARE GIFT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SALES TAX PAYABLE
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IRS990ScheduleD/TotalLiabilityAmt094863
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO CREATE AND SUBSTAIN A REGIONAL CENTER FOR ENRICHMENT, EDUCATION AND ENTERTAINMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE LINCOLN THEATRE, INC. HOLDS MONTHLY FINANCIAL BOARD MEETINGS AND PROVIDES A COPY OF THE FORM 990 TO THE BOARD MEMBERS AND ADDRESSES ANY QUESTIONS OR PROBLEMS THAT MAY OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS REVIEWED AND VOTED UPON BY THE BOARD AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0540882
IRS990/TotalFunctionalExpensesGrp/TotalAmt0629101
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IRS990/TotalOtherProgSrvcExpenseAmt066327
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IRS990/TotalProgramServiceExpensesAmt0540882
IRS990/TotalProgramServiceRevenueAmt0359759
IRS990/TotalReportableCompFromOrgAmt056667
IRS990/TotalRevenueGrp/ExclusionAmt02509
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0566044
IRS990/TotalVolunteersCnt090
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 HEMLOCK ST
IRS990/USAddress/CityNm0MARION
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024354
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IRS990/WebsiteAddressTxt0HTTP://WWW.THELINCOLN.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT WATKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02767836093
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LINCOLN THEATRE INC
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0541477479
ReturnHeader/Filer/PhoneNum02767836092
ReturnHeader/Filer/USAddress/AddressLine1Txt0117 E MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0MARION
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024354
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844065433
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAWHORN CPA GROUP LLC

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