Civic Intelligence

Merced Theatre Foundation Inc.

990 • Fiscal year 2023 • EIN 77-0495888

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 19, 2024

2824 Park Ave Suite BMerced, CA 95348

(209) 383-2442

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

33rd percentile

-3.3%

Higher net margin than 33% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

34th percentile

-0.8%

Faster asset growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

49%

Faster revenue growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,123,891

Down $31,287 (-0.8%) from 2022

Net Assets

Down

$4,112,159

Down $31,241 (-0.8%) from 2022

Liabilities

Down

$11,732

Down $46 (-0.4%) from 2022

Revenue

Up

$960,730

Up $316,853 (+49%) from 2022

Expenses

Up

$991,971

Up $239,559 (+32%) from 2022

Net Income

Up

-$31,241

Up $77,294 (+71%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,728,780Liabilities 2011: $0Net Assets 2011: $2,728,7802011Assets 2012: $2,996,960Liabilities 2012: $70,430Net Assets 2012: $2,926,5302012Assets 2013: $2,933,542Liabilities 2013: $171,807Net Assets 2013: $2,761,7352013Assets 2014: $2,892,564Liabilities 2014: $171,963Net Assets 2014: $2,720,6012014Assets 2015: $2,791,039Liabilities 2015: $171,789Net Assets 2015: $2,619,2502015Assets 2016: $2,790,286Liabilities 2016: $246,661Net Assets 2016: $2,543,6252016Assets 2017: $2,853,553Liabilities 2017: $252,113Net Assets 2017: $2,601,4402017Assets 2018: $2,944,371Liabilities 2018: $214,523Net Assets 2018: $2,729,8482018Assets 2019: $2,900,169Liabilities 2019: $230,051Net Assets 2019: $2,670,1182019Assets 2020: $3,951,821Liabilities 2020: $10,888Net Assets 2020: $3,940,9332020Assets 2021: $4,263,270Liabilities 2021: $11,335Net Assets 2021: $4,251,9352021Assets 2022: $4,155,178Liabilities 2022: $11,778Net Assets 2022: $4,143,4002022Assets 2023: $4,123,891Liabilities 2023: $11,732Net Assets 2023: $4,112,1592023Assets 2024: $4,062,132Liabilities 2024: $11,889Net Assets 2024: $4,050,2432024

Highlighted filing

2023

Assets$4,123,891
Liabilities$11,732
Net Assets$4,112,159

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $178,796Expenses 2011: $51,716Net Income 2011: $127,0802011Revenue 2012: $573,173Expenses 2012: $401,769Net Income 2012: $171,4042012Revenue 2013: $334,539Expenses 2013: $512,853Net Income 2013: -$178,3142013Revenue 2014: $420,611Expenses 2014: $461,745Net Income 2014: -$41,1342014Revenue 2015: $391,663Expenses 2015: $493,014Net Income 2015: -$101,3512015Revenue 2016: $351,185Expenses 2016: $426,810Net Income 2016: -$75,6252016Revenue 2017: $440,024Expenses 2017: $382,209Net Income 2017: $57,8152017Revenue 2018: $595,626Expenses 2018: $467,218Net Income 2018: $128,4082018Revenue 2019: $389,902Expenses 2019: $449,632Net Income 2019: -$59,7302019Revenue 2020: $222,842Expenses 2020: $338,479Net Income 2020: -$115,6372020Revenue 2021: $719,644Expenses 2021: $408,642Net Income 2021: $311,0022021Revenue 2022: $643,877Expenses 2022: $752,412Net Income 2022: -$108,5352022Revenue 2023: $960,730Expenses 2023: $991,971Net Income 2023: -$31,2412023Revenue 2024: $959,519Expenses 2024: $1,021,435Net Income 2024: -$61,9162024

Highlighted filing

2023

Revenue$960,730
Expenses$991,971
Net Income-$31,241
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 19, 2024
Return Version
2023v5.0
Gross Receipts
$986,961
Mission and Program Overview

Mission

Restoration and operation of the merced theatre building

The foundation secures funds by means of memberships, sponsorships, fundraisers, and donations to restore the historic landmark merced theatre as a self-supporting center for arts, entertainment, and civic events for merced and the central valley.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,143,400$4,112,159▼ $31,241
Land, Buildings, and Equipment, Net$2,088,099$1,973,637▼ $114,462
Savings and Temporary Cash Investments$1,310,323$1,711,323▲ $401,000
Cash and Non-Interest-Bearing Accounts$745,440$432,570▼ $312,870
Prepaid Expenses and Deferred Charges$11,316$6,361▼ $4,955
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,155,178$4,123,891▼ $31,287
Liabilities
Accounts Payable and Accrued Expenses$11,778$11,732▼ $46
Total Liabilities$11,778$11,732▼ $46
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,143,400$4,112,159▼ $31,241
Total Liabilities and Net Assets / Fund Balance$4,155,178$4,123,891▼ $31,287

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,802,217$768,946$2,571,163
Other Land Buildings$130,803$238,025$368,828
Equipment$40,617$56,911$97,528
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adam LauppePresident
Mary CamperVice President
Amy Lozano-smithDirector
Art KamangarDirector
Jane LawrenceDirector
Jim CunninghamDirector
Kathleen CrookhamDirector
Kim GarnerDirector
L Carmen RamirezDirector
LE'TRICE CURLDirector
Maxwell NortonDirector
Neil MorseDirector
Robert DinuzzoDirector
Robert DylinaDirector
Skip GeorgeDirector
Skip HinmanDirector
Grey RobertsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$124,486
Program Service Revenue
$605,720
Investment Income
$28,165
Other Revenue
$202,359
All Other Contributions
$37,350
Change in Net Assets
$-31,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$855,429
Salaries, Compensation, and Employee Benefits$136,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$387,117--$387,117
Current Officers, Directors, Trustees, and Key Employees$126,234--$126,234
Depreciation Depletion$114,462--$114,462
All Other Expenses$84,561--$84,561
Insurance$37,357--$37,357
Other Expenses$29,471--$29,471
Advertising$20,954--$20,954
Payroll Taxes$10,308--$10,308
Fees for Service Investment Mgmnt Fees$175--$175
Total Functional Expenses$991,971$0$0$991,971
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,200
Fundraising Direct Expenses$2,410
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
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
No
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 6

The foundation is supported by its members.

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

The foundation has no committees with authority to act on behalf of the governing body.

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

Form 990 is given to the treasurer of the foundation for review, signature, and filing.

Form 990, Part VI, Section C, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Merced Theatre Foundation
EIN
77-0495888
Phone
2093832442
Address
2824 PARK AVE SUITE B, MERCED, CA 95348

Signing Officer

Name
Grey B Roberts
Title
Treasurer
Phone
2093832442
Signed
2024-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Lauppe
Formed
1998
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
0

Preparer

Firm
Grey B Roberts & Co
Address
2824 PARK AVE STE B, MERCED, CA 95348
Preparer
Grey B Roberts
Phone
2093832442
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Entertainers: program service expenses 387,117. Management and general expenses 0. Fundraising expenses 0. Total expenses 387,117.

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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt045150
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0155419
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0155419
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3JANITORIAL
IRS990/OtherExpensesGrp/ProgramServicesAmt092099
IRS990/OtherExpensesGrp/ProgramServicesAmt152817
IRS990/OtherExpensesGrp/ProgramServicesAmt236416
IRS990/OtherExpensesGrp/ProgramServicesAmt329471
IRS990/OtherExpensesGrp/TotalAmt092099
IRS990/OtherExpensesGrp/TotalAmt152817
IRS990/OtherExpensesGrp/TotalAmt236416
IRS990/OtherExpensesGrp/TotalAmt329471
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010308
IRS990/PayrollTaxesGrp/TotalAmt010308
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011316
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06361
IRS990/PrincipalOfficerNm0ADAM LAUPPE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/Desc0TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0579772
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt125948
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0579772
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125948
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt044870
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt025852
IRS990/PYOtherExpensesAmt0637033
IRS990/PYOtherRevenueAmt0154478
IRS990/PYProgramServiceRevenueAmt0418677
IRS990/PYRevenuesLessExpensesAmt0-108535
IRS990/PYSalariesCompEmpBnftPaidAmt0115379
IRS990/PYTotalExpensesAmt0752412
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0643877
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-31241
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0155419
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0834454
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04143400
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04112159
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01310323
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01711323
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0128686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt044870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0454727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt077960
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt069700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0775943
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt028165
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025852
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07004
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01483
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0537
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt063041
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02353644
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92490
IRS990ScheduleA/PublicSupportPY170Pct00.95940
IRS990ScheduleA/PublicSupportTotal170Amt0775943
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0128686
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt044870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0454727
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt077960
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt069700
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0775943
IRS990ScheduleA/TotalSupportAmt0838984
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01802217
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0768946
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02571163
IRS990ScheduleD/EquipmentGrp/BookValueAmt040617
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056911
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097528
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0130803
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0238025
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0368828
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01973637
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS SUPPORTED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS GIVEN TO THE TREASURER OF THE FOUNDATION FOR REVIEW, SIGNATURE, AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENTERTAINERS: PROGRAM SERVICE EXPENSES 387,117. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 387,117.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04155178
IRS990/TotalAssetsEOYAmt04123891
IRS990/TotalAssetsGrp/BOYAmt04155178
IRS990/TotalAssetsGrp/EOYAmt04123891
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0124486
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0991971
IRS990/TotalFunctionalExpensesGrp/TotalAmt0991971
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011778
IRS990/TotalLiabilitiesEOYAmt011732
IRS990/TotalLiabilitiesGrp/BOYAmt011778
IRS990/TotalLiabilitiesGrp/EOYAmt011732
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04143400
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04112159
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0991971
IRS990/TotalProgramServiceRevenueAmt0605720

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.06$0.01$4.05$0.96$1.02$0.06
2023Detailed filing. Detailed filing data is available for this year.$4.12$0.01$4.11$0.96$0.99$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.16$0.01$4.14$0.64$0.75$0.11
2021Detailed filing. Detailed filing data is available for this year.$4.26$0.01$4.25$0.72$0.41$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.95$0.01$3.94$0.22$0.34$0.12
2019Detailed filing. Detailed filing data is available for this year.$2.90$0.23$2.67$0.39$0.45$0.06
2018Summary only. Only limited summary data is available for this year.$2.94$0.21$2.73$0.60$0.47$0.13
2017Summary only. Only limited summary data is available for this year.$2.85$0.25$2.60$0.44$0.38$0.06
2016Summary only. Only limited summary data is available for this year.$2.79$0.25$2.54$0.35$0.43$0.08
2015Summary only. Only limited summary data is available for this year.$2.79$0.17$2.62$0.39$0.49$0.10
2014Summary only. Only limited summary data is available for this year.$2.89$0.17$2.72$0.42$0.46$0.04
2013Summary only. Only limited summary data is available for this year.$2.93$0.17$2.76$0.33$0.51$0.18
2012Summary only. Only limited summary data is available for this year.$3.00$0.07$2.93$0.57$0.40$0.17
2011Summary only. Only limited summary data is available for this year.$2.73$0.00$2.73$0.18$0.05$0.13