Civic Intelligence

Ashland Theater Foundation

990 • Fiscal year 2018 • EIN 74-3224648

Jan 01, 2018 to Dec 31, 2018 • Filed on May 07, 2019

Organization ProfileWWW.ASHLANDTHEATRE.ORG
205 England StreetAshland, VA 23005

(804) 401-7007

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.09x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.07x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

87th percentile

35%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

96th percentile

164%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

292%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$692,472

Up $429,916 (+164%) from 2017

Net Assets

Up

$629,632

Up $367,076 (+140%) from 2017

Liabilities

Up

$62,840

Up $62,840 from 2017

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin87th percentile

Revenue

Up

$894,036

Up $665,791 (+292%) from 2017

Expenses

Up

$578,158

Up $526,434 (+1018%) from 2017

Net Income

Up

$315,878

Up $139,357 (+79%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2016: $93,002Liabilities 2016: $02016Assets 2017: $262,556Liabilities 2017: $0Net Assets 2017: $262,5562017Assets 2018: $692,472Liabilities 2018: $62,840Net Assets 2018: $629,6322018Assets 2019: $530,617Liabilities 2019: $50,323Net Assets 2019: $480,2942019Assets 2020: $519,521Liabilities 2020: $63,271Net Assets 2020: $456,2502020Assets 2021: $655,944Liabilities 2021: $3,807Net Assets 2021: $652,1372021Assets 2022: $579,428Liabilities 2022: $3,676Net Assets 2022: $575,7522022Assets 2023: $522,781Liabilities 2023: $5,581Net Assets 2023: $517,2002023Assets 2024: $503,257Liabilities 2024: $28,645Net Assets 2024: $474,6122024

Highlighted filing

2018

Assets$692,472
Liabilities$62,840
Net Assets$629,632
Open 2018 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $118,703Expenses 2016: $25,700Net Income 2016: $93,0032016Revenue 2017: $228,245Expenses 2017: $51,724Net Income 2017: $176,5212017Revenue 2018: $894,036Expenses 2018: $578,158Net Income 2018: $315,8782018Revenue 2019: $684,863Expenses 2019: $927,282Net Income 2019: -$242,4192019Revenue 2020: $210,187Expenses 2020: $222,877Net Income 2020: -$12,6902020Revenue 2021: $388,371Expenses 2021: $177,531Net Income 2021: $210,8402021Revenue 2022: $371,971Expenses 2022: $434,590Net Income 2022: -$62,6192022Revenue 2023: $466,097Expenses 2023: $510,029Net Income 2023: -$43,9322023Revenue 2024: $543,549Expenses 2024: $572,440Net Income 2024: -$28,8912024

Highlighted filing

2018

Revenue$894,036
Expenses$578,158
Net Income$315,878
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 7, 2019
Return Version
2018v3.1
Gross Receipts
$894,068
Mission and Program Overview

Mission

To reinvent the classic american movie house experience through exceptional film, live performances and music

To reinvent the classic american movie house experience through exceptional film, live performances and music. We deliver a deeper level of community engagement through speakers, panels, talkbacks and events that entertain, educate, inspire and are welcoming to all. We give voice to artists and access to audiences in underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$262,556$630,636▲ $368,080
Land, Buildings, and Equipment, Net-$51,198-
Inventories for Sale or Use-$10,638-
Total Assets$262,556$692,472▲ $429,916
Liabilities
Unsecured Notes Loans Payable-$49,690-
Accounts Payable and Accrued Expenses-$7,493-
Deferred Revenue-$5,657-
Total Liabilities$0$62,840▲ $62,840
Net Assets / Fund Balance
Unrestricted Net Assets$180,056$629,632▲ $449,576
Temporarily Rstr Net Assets$82,500--
Total Net Assets Fund Balance$262,556$629,632▲ $367,076
Total Liabilities and Net Assets / Fund Balance$262,556$692,472▲ $429,916

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$51,198$1,315$52,513
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Clark MercerBoard Chair
Alphine JeffersonBoard Member
Brenda FlippoBoard Member
Chris RayBoard Member
James DoeringBoard Member
James FoleyBoard Member
Kathy AbbottBoard Member
Madeline AldermanBoard Member
Preston BryantBoard Member
Billy CopelandBoard Treasu
Hugh JoyceBoard VP
Jennifer ChambersPrior Treas/
Revenue and Support

Revenue Composition

Contributions and Grants
$766,346
Program Service Revenue
$35,867
Investment Income
$288
Other Revenue
$91,535
All Other Contributions
$660,571
Change in Net Assets
$315,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$436,324
Salaries, Compensation, and Employee Benefits$141,834
Total Fundraising Expense$42,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$315,677$27,500$6,646$349,823
Other Salaries and Wages$47,906$46,580$25,838$120,324
Depreciation Depletion$52,450$63-$52,513
Occupancy$1,641$17,042-$18,683
Other Employee Benefits$5,200$5,200$2,600$13,000
Payroll Taxes$3,403$3,229$1,878$8,510
Office Expenses$299$911$3,233$4,443
Insurance$2,197$811$226$3,234
Advertising$686-$1,719$2,405
Fees for Services Accounting-$1,970-$1,970
Conferences and Meetings-$1,669-$1,669
Interest$1,153--$1,153
Travel-$431-$431
Total Functional Expenses$430,612$105,406$42,140$578,158
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$91,567
Fundraising Direct Expenses$32
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Iron Horse Gala$67,383$67,383-$67,383
Seat Naming$17,100$17,100-$17,100
Total Events$84,483$84,483-$84,483
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
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, Page 6, Part VI, Line 11B

“Board review, discussion and acceptance prior to filing”

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

“Conflicts disclosed, board member leaves the room and does not vote on any element that would cause conflict.”

Form 990, Page 6, Part VI, Line 19

“Documents made available to the public upon written request”

Filing and Contact Details

Filer

Filer Name
Ashland Theater Foundation
EIN
74-3224648
Phone
8044017007
Address
205 ENGLAND STREET, ASHLAND, VA 23005
Doing Business As
Ashland Theatre Foundation

Signing Officer

Name
Douglas Love
Title
CEO
Phone
8044017007
Signed
2019-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clark Mercer
Formed
2014
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
47

Preparer

Firm
Mary Capule CPA
Address
106 SUNNY DR, ASHLAND, VA 23005-2800
Preparer
Mary Capule CPA
Phone
8047985827
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To reinvent the classic american movie house experience through exceptional film, live performances and music. We deliver a deeper level of community engagement through speakers, panels, talkbacks and events that entertain, educate, inspire and are welcoming to all. We give voice to artists and access to audiences in underserved communities.”

Form 990, Page 1, Part I, Line 6

“Volunteers staffed and planned fundraisers, gave hard hat tours, set up donor events and served on the construction and planning committees.”

Form 990, Part IX, Line 11G

“Equipment rental 52 0 0 renovations 314,325 0 0 consultant - it support 0 551 0 consultant - grants/fundraisi 0 0 6,450 consultant - general mgmt 0 25,050 0 film bookers 500 0 0 film licenses 200 0 0 meals 0 196 196 screen advertising edit 600 0 0 payroll processing 0 180 0 business licenses 0 1,523 0 total 315,677 27,500 6,646”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 51,198”

Raw XML Appendix399 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt084318
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt028181
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt012380
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt084318
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt028181
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt012380
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01110554
IRS990ScheduleA/TotalSupportAmt01110554
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt051198
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01315
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052513
IRS990ScheduleD/TotalBookValueLandBuildingsAmt051198
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0IRON HORSE GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SEAT NAMING
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt084483
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt067383
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017100
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt084483
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO REINVENT THE CLASSIC AMERICAN MOVIE HOUSE EXPERIENCE THROUGH EXCEPTIONAL FILM, LIVE PERFORMANCES AND MUSIC. WE DELIVER A DEEPER LEVEL OF COMMUNITY ENGAGEMENT THROUGH SPEAKERS, PANELS, TALKBACKS AND EVENTS THAT ENTERTAIN, EDUCATE, INSPIRE AND ARE WELCOMING TO ALL. WE GIVE VOICE TO ARTISTS AND ACCESS TO AUDIENCES IN UNDERSERVED COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS STAFFED AND PLANNED FUNDRAISERS, GAVE HARD HAT TOURS, SET UP DONOR EVENTS AND SERVED ON THE CONSTRUCTION AND PLANNING COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEW, DISCUSSION AND ACCEPTANCE PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICTS DISCLOSED, BOARD MEMBER LEAVES THE ROOM AND DOES NOT VOTE ON ANY ELEMENT THAT WOULD CAUSE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EQUIPMENT RENTAL 52 0 0 RENOVATIONS 314,325 0 0 CONSULTANT - IT SUPPORT 0 551 0 CONSULTANT - GRANTS/FUNDRAISI 0 0 6,450 CONSULTANT - GENERAL MGMT 0 25,050 0 FILM BOOKERS 500 0 0 FILM LICENSES 200 0 0 MEALS 0 196 196 SCREEN ADVERTISING EDIT 600 0 0 PAYROLL PROCESSING 0 180 0 BUSINESS LICENSES 0 1,523 0 TOTAL 315,677 27,500 6,646
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 51,198
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalContributionsAmt0766346
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt042140
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105406
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0430612
IRS990/TotalFunctionalExpensesGrp/TotalAmt0578158
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt062840
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt062840
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0262556
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0629632
IRS990/TotalProgramServiceExpensesAmt0430612
IRS990/TotalProgramServiceRevenueAmt035867
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt036155
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0894036
IRS990/TotalVolunteersCnt047
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0262556
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0692472
IRS990/TravelGrp/ManagementAndGeneralAmt0431
IRS990/TravelGrp/TotalAmt0431
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O ASHLAND THEATRE FOUNDATION
IRS990/USAddress/AddressLine2Txt0205 ENGLAND STREET
IRS990/USAddress/CityNm0ASHLAND
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023005
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IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.ASHLANDTHEATRE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS LOVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08044017007
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASHLAND THEATER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ASHL
ReturnHeader/Filer/EIN0743224648
ReturnHeader/Filer/PhoneNum08044017007
ReturnHeader/Filer/USAddress/AddressLine1Txt0205 ENGLAND STREET
ReturnHeader/Filer/USAddress/CityNm0ASHLAND
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.251.1.104
ReturnHeader/FilingSecurityInformation/IPDt02019-05-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:59:37
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0811346439
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARY CAPULE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0106 SUNNY DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0230052800
ReturnHeader/PreparerPersonGrp/PhoneNum08047985827
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY CAPULE CPA
ReturnHeader/ReturnTs02019-05-07T13:59:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$692,472
Liabilities
$62,840
Net assets
$629,632
Revenue
$894,036
Expenses
$578,158
Net income
$315,878
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.03$0.29$4.75$5.44$5.72$0.29
2023Detailed filing. Detailed filing data is available for this year.$5.23$0.06$5.17$4.66$5.10$0.44
2022Detailed filing. Detailed filing data is available for this year.$5.79$0.04$5.76$3.72$4.35$0.63
2021Detailed filing. Detailed filing data is available for this year.$6.56$0.04$6.52$3.88$1.78$2.11
2020Detailed filing. Detailed filing data is available for this year.$5.20$0.63$4.56$2.10$2.23$0.13
2019Detailed filing. Detailed filing data is available for this year.$5.31$0.50$4.80$6.85$9.27$2.42
2018Detailed filing. Detailed filing data is available for this year.$6.92$0.63$6.30$8.94$5.78$3.16
2017Detailed filing. Detailed filing data is available for this year.$2.63$0.00$2.63$2.28$0.52$1.77
2016Summary only. Only limited summary data is available for this year.$0.93$0.00$1.19$0.26$0.93