Liabilities / Assets
52nd percentile
Higher debt load relative to assets than 52% of similar nonprofits.
EIN 54-1477479 • 501(c)3 • Marion, VA
Profile
To create and substain a regional center for enrichment, education, and entertainment
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
52nd percentile
Higher debt load relative to assets than 52% of similar nonprofits.
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
50th percentile
Higher top officer pay than 50% of similar nonprofits.
Top officer pay equals 10.0% of source-year revenue.
Asset Growth
27th percentile
Faster asset growth than 27% of similar nonprofits.
Revenue Growth
76th percentile
Faster revenue growth than 76% of similar nonprofits.
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
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
To create and substain a regional center for enrichment, education, and entertainment.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Robert Watkins | Executive Di | FT | $56,667 | $56,667 |
| Name | Title |
|---|---|
| Suzanne Jennings | President |
| Paul Morrison | By-laws Comm |
| Bill Jennings | Endowment |
| Anna Vernan Bowman | Marketing Co |
| Ginny Moorer | Marketing Co |
| Michael Karnes | Program Comm |
| Mike Hall | Secretary |
| Brian Walker | Treasurer |
| Nancy Hollyfield | Vice Preside |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $9,240 |
| Fundraising Direct Expenses | $1,120 |
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Ticket Revenue Payable | $91,688 |
| Gift Card Outstanding | $2,214 |
| Square Gift Card | $600 |
| Sales Tax Payable | $361 |
“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.”
“Compensation is reviewed and voted upon by the board at the annual meeting.”
“Governing documents are made available to the public upon request.”
“To create and substain a regional center for enrichment, education and entertainment.”
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/Desc | 0 | TO PROVIDE ENTERTAINMENT AND EDUCATION FOR PATRONS WITH SHOWS AND A VENUE FOR PERFORMING ARTISTS. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BY-LAWS COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TREASURER |
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| IRS990/FormationYr | 0 | 1988 |
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| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 711110 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 1 | RETAIL SALES |
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| IRS990/ProgramServiceRevenueGrp/Desc | 3 | SALES |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | RENT, 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/Desc | 0 | DEPRECIATION AND INTEREST EXPENSE ON EQUIPMENT USED IN THE PERFORMING CULTURAL ARTS CENTER. |
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| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | TO CREATE AND SUBSTAIN A REGIONAL CENTER FOR ENRICHMENT, EDUCATION AND ENTERTAINMENT. |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 16 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 2622 |
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| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99720 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.84710 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 928150 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 115201 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 928150 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
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| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1309843 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 30313 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 403576 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 433889 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 18000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 18000 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 16386 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 115346 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 131732 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 91688 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 2214 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 600 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TICKET REVENUE PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | GIFT CARD OUTSTANDING |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | SQUARE GIFT CARD |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | SALES TAX PAYABLE |
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| IRS990ScheduleD/TotalLiabilityAmt | 0 | 94863 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | TO CREATE AND SUBSTAIN A REGIONAL CENTER FOR ENRICHMENT, EDUCATION AND ENTERTAINMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | COMPENSATION IS REVIEWED AND VOTED UPON BY THE BOARD AT THE ANNUAL MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/TaxablePartyNotificationInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 1253490 |
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| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 540882 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 629101 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 78621 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 94863 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 78621 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 94863 |
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| IRS990/TotalProgramServiceRevenueAmt | 0 | 359759 |
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| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 2509 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1253490 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 115 HEMLOCK ST |
| IRS990/USAddress/CityNm | 0 | MARION |
| IRS990/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/USAddress/ZIPCd | 0 | 24354 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 11 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
| IRS990/WebsiteAddressTxt | 0 | HTTP://WWW.THELINCOLN.ORG/ |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ROBERT WATKINS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2767836093 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE LINCOLN THEATRE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LINC |
| ReturnHeader/Filer/EIN | 0 | 541477479 |
| ReturnHeader/Filer/PhoneNum | 0 | 2767836092 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 117 E MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MARION |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 24354 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 844065433 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LAWHORN CPA GROUP LLC |
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