Civic Intelligence

The Park Theater Trust

EIN 84-3216944 • 501(c)3 • Lafayette, CA

Profile

films, throwback favorites, and engaging non-film events. Our goal is for The Trust to own the Park Theater building for the community, protect the Theater from outside development, and retain it for the enjoyment of future generations.

PO Box 1624Lafayette, CA 94549

www.parktheatertrust.org

Siviq Scores

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

Liabilities / Assets

39th percentile

0.06x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.21x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

86th percentile

32%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

87th percentile

56%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$8,840,835

Up $2,622,947 (+42%) from 2023

Liabilities

Up

$541,601

Up $28,288 (+5.5%) from 2023

Net Assets

Up

$8,299,234

Up $2,594,659 (+45%) from 2023

Operations
Liabilities / Revenue56th percentileNet Margin99th percentile

Revenue

Up

$2,598,400

Up $903,099 (+53%) from 2023

Expenses

Up

$60,228

Up $7,072 (+13%) from 2023

Net Income

Up

$2,538,172

Up $896,027 (+55%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth86th percentile

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

$10M$5.0M$0Assets 2021: $4,540,147Liabilities 2021: $1,228,171Net Assets 2021: $3,311,9762021Assets 2022: $5,074,760Liabilities 2022: $1,012,330Net Assets 2022: $4,062,4302022Assets 2023: $6,217,888Liabilities 2023: $513,313Net Assets 2023: $5,704,5752023Assets 2024: $8,840,835Liabilities 2024: $541,601Net Assets 2024: $8,299,2342024

Highlighted filing

2024

Assets$8,840,835
Liabilities$541,601
Net Assets$8,299,234
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2021: $3,334,205Expenses 2021: $44,332Net Income 2021: $3,289,8732021Revenue 2022: $1,061,788Expenses 2022: $311,334Net Income 2022: $750,4542022Revenue 2023: $1,695,301Expenses 2023: $53,156Net Income 2023: $1,642,1452023Revenue 2024: $2,598,400Expenses 2024: $60,228Net Income 2024: $2,538,1722024

Highlighted filing

2024

Revenue$2,598,400
Expenses$60,228
Net Income$2,538,172
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,840,835
Liabilities
$541,601
Net assets
$8,299,234
Revenue
$2,598,400
Expenses
$60,228
Net income
$2,538,172
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.84$0.54$8.30$2.60$0.06$2.54
2023Detailed filing. Detailed filing data is available for this year.$6.22$0.51$5.70$1.70$0.05$1.64
2022Detailed filing. Detailed filing data is available for this year.$5.07$1.01$4.06$1.06$0.31$0.75
2021Detailed filing. Detailed filing data is available for this year.$4.54$1.23$3.31$3.33$0.04$3.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$2,672,438
Mission and Program Overview

Mission

Our goal is for The Trust to own the Park Theater building for the community of Lafayette, protect the Park Theater from outside development, and retain it for the enjoyment of future generations.

The mission of The Park Theater Trust is to refurbish and operate Lafayettes iconic Park Theater building, and to revitalize it into an accessible and inclusive, community-centered cinema, arts and culture hub with programming that includes critically acclaimed (see page 2)

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,985,539$3,410,918▲ $425,379
Savings and Temporary Cash Investments$1,309,375$3,210,548▲ $1,901,173
Pledges and Grants Receivable$1,512,300$2,145,069▲ $632,769
Cash and Non-Interest-Bearing Accounts$402,498$69,414▼ $333,084
Inventories for Sale or Use$4,339$2,886▼ $1,453
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,217,888$8,840,835▲ $2,622,947
Other Assets Total$3,837$2,000▼ $1,837
Liabilities
Other Liabilities$507,700$507,700→ $0
Accounts Payable and Accrued Expenses$5,613$33,901▲ $28,288
Total Liabilities$513,313$541,601▲ $28,288
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,904,575$6,422,284▲ $1,517,709
Net Assets With Donor Restrictions$800,000$1,876,950▲ $1,076,950
Total Net Assets Fund Balance$5,704,575$8,299,234▲ $2,594,659
Total Liabilities and Net Assets / Fund Balance$6,217,888$8,840,835▲ $2,622,947

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,408,902$68,118$3,477,020
Other Land Buildings$2,016$1,764$3,780
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Kathy BowlesPresident
John McCormickDirector
Larry HaydonDirector
Peter BerkowitzDirector
Tracey Karsten FarrellCFO
Jana CoreySecretary
Angela FerrifTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,426,931
Program Service Revenue
$0
Investment Income
$154,753
Other Revenue
$16,716
All Other Contributions
$2,426,931
Change in Net Assets
$2,538,172

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,598,400
Revenue Not Reported on Form 990
$15,648
Total Revenue per Audited Statements
$2,614,048
Total Revenue per Form 990
$2,598,400
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,228
Total Fundraising Expense$13,269
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$12,553--$12,553
Fees for Services Accounting-$6,712-$6,712
Other Expenses$5,323$3,340$13,084$3,340
Information Technology$3,250--$3,250
Insurance-$2,159-$2,159
Fees for Services Legal$1,152--$1,152
Depreciation Depletion$756--$756
Office Expenses-$518$185$703
All Other Expenses$-471$728-$257
Total Functional Expenses$22,563$24,396$13,269$60,228

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$143,140
Expenses Not Reported on Form 990$82,912
Expenses per Audited Statements$60,228
Total Expenses per Form 990$60,228
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Grant$500,000
Deposits Held$7,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

“Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.”

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

“Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

Form 990, Part VI, Section B, Line 15A

“The Park Theater Trust had no employees during the year ended December 31, 2024.”

Form 990, Part VI, Section B, Line 15B

“The Park Theater Trust had no employees during the year ended December 31, 2024.”

Form 990, Part VI, Section C, Line 18

“Tax returns are available for download from several websites and by request from the organization's office in Lafayette, California.”

Form 990, Part VI, Section C, Line 19

“All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to www.candid.org (where they are available for viewing as electronic copies) and are also available by request from the Organization's office in Lafayette, California.”

Filing and Contact Details

Filer

Filer Name
The Park Theater Trust
EIN
84-3216944
Phone
5102190671
Address
PO Box 1624, Lafayette, CA 94549

Signing Officer

Name
Angela Ferrif
Title
Treasurer
Phone
5102190671
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Bowles
Formed
2019
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
31

Preparer

Firm
Regalia Berger & Berger Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in discount LT Receivables = -$67264”

Financial Statement Notes

Part X : FIN48 Footnote

“Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, the Park Theater Trust is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that the Park Theater Trust has adequately evaluated its current tax positions and has concluded that as of December 31, 2024, the Park Theater Trust does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.The Park Theater Trust has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. The Park Theater Trust may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, the Park Theater Trust calculates and accrues the applicable taxes payable.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Change in discount on LT receivables $-67264 990T expenses $71706”

Part XII, Line 2D: Other expenses and losses per audited F/S

“990-T expenses $71706”

Raw XML AppendixShowing 400 of 459 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05613
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt033901
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The mission of The Park Theater Trust is to refurbish and operate Lafayettes iconic Park Theater building, and to revitalize it into an accessible and inclusive, community-centered cinema, arts and culture hub with programming that includes critically acclaimed (see page 2)
IRS990/AdvertisingGrp/ProgramServicesAmt012553
IRS990/AdvertisingGrp/TotalAmt012553
IRS990/AllOtherContributionsAmt02426931
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0728
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0-471
IRS990/AllOtherExpensesGrp/TotalAmt0257
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Angela Ferrif
IRS990/BooksInCareOfDetail/PhoneNum09258992052
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 1624
IRS990/BooksInCareOfDetail/USAddress/CityNm0Lafayette
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094549
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0402498
IRS990/CashNonInterestBearingGrp/EOYAmt069414
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt02332
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02426931
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0154753
IRS990/CYOtherExpensesAmt060228
IRS990/CYOtherRevenueAmt016716
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt02538172
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt060228
IRS990/CYTotalFundraisingExpenseAmt013269
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02598400
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0756
IRS990/DepreciationDepletionGrp/TotalAmt0756
IRS990/Desc0Initially called together as a volunteer task force by the City of Lafayette, The Park Theater Trust (TPTT) is a 501(c)(3) Public Benefit corporation. In April 2019, we were awarded seed monies by the Community Foundation of Lafayette (CFL), and in February 2020, we received our formal determination letter from the IRS confirming our tax-exempt status. TPTT has since been the recipient of four additional Excellence Grants by CFL. Primarily due to private donations and grants from family foundations, CFL and other institutions including the City of Lafayette, TPTT raised the $3 million required to purchase the Park Theater property for the community, and closed escrow in December 2021.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0800000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01876950
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt022563
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06712
IRS990/FeesForServicesAccountingGrp/TotalAmt06712
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01152
IRS990/FeesForServicesLegalGrp/TotalAmt01152
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt113.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt218.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt311.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt66.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Kathy Bowles
IRS990/Form990PartVIISectionAGrp/PersonNm1Jana Corey
IRS990/Form990PartVIISectionAGrp/PersonNm2Tracey Karsten Farrell
IRS990/Form990PartVIISectionAGrp/PersonNm3Peter Berkowitz
IRS990/Form990PartVIISectionAGrp/PersonNm4Larry Haydon
IRS990/Form990PartVIISectionAGrp/PersonNm5Angela Ferrif
IRS990/Form990PartVIISectionAGrp/PersonNm6John McCormick
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02672438
IRS990/GrossRentsGrp/RealAmt086400
IRS990/GrossSalesOfInventoryAmt04354
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt03250
IRS990/InformationTechnologyGrp/TotalAmt03250
IRS990/InsuranceGrp/ManagementAndGeneralAmt02159
IRS990/InsuranceGrp/TotalAmt02159
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt04339
IRS990/InventoriesForSaleOrUseGrp/EOYAmt02886
IRS990/InvestmentIncomeGrp/ExclusionAmt0154753
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0154753
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt069882
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02985539
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03410918
IRS990/LandBldgEquipCostOrOtherBssAmt03480800
IRS990/LegalDomicileStateCd0CA
IRS990/LessRentalExpensesGrp/RealAmt071706
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0films, throwback favorites, and engaging non-film events. Our goal is for The Trust to own the Park Theater building for the community, protect the Theater from outside development, and retain it for the enjoyment of future generations.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05704575
IRS990/NetAssetsOrFundBalancesEOYAmt08299234
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02022
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02022
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt014694
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt014694
IRS990/NetUnrelatedBusTxblIncmAmt01939
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04904575
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06422284
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt014502
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt0185
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0518
IRS990/OfficeExpensesGrp/TotalAmt0703
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03837
IRS990/OtherAssetsTotalGrp/EOYAmt02000
IRS990/OtherChangesInNetAssetsAmt0-67264
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Events
IRS990/OtherExpensesGrp/Desc1Facilities & Equipment
IRS990/OtherExpensesGrp/Desc2Bank and service fees
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/FundraisingAmt013084
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010808
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23340
IRS990/OtherExpensesGrp/ProgramServicesAmt05323
IRS990/OtherExpensesGrp/TotalAmt013084
IRS990/OtherExpensesGrp/TotalAmt110808
IRS990/OtherExpensesGrp/TotalAmt25454
IRS990/OtherExpensesGrp/TotalAmt33340
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0507700
IRS990/OtherLiabilitiesGrp/EOYAmt0507700
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01512300
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02145069
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Kathy Bowles
IRS990/PriorPeriodAdjustmentsAmt0123751
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Reopening the Park Theater consistently ranks in the top four community concerns a priority of citizens, local businesses, and the City. As an anchor of a revitalized town center, the Park will become a magnet a center for newly released Hollywood movies and classics, independent and foreign films, and creative programming to appeal to all ages. The time is NOW for the Park Theater to resume its rightful place in this newly vibrant scene and shine again in the role for which it was created: Entertaining and engaging the entire Lafayette community.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01613857
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0135473
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt053156
IRS990/PYOtherRevenueAmt0-54029
IRS990/PYRevenuesLessExpensesAmt01642145
IRS990/PYTotalExpensesAmt053156
IRS990/PYTotalRevenueAmt01695301
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02538172
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt014694
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01309375
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03210548
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02426931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01613857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0967684
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03307280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt022103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08337855
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0154753
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0135473
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0137931
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt025056
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0453213
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt03983428
IRS990ScheduleA/SubstantialContributorsTotAmt04354427
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02426931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01613857
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0967684
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03307280
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt022103
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08337855
IRS990ScheduleA/TotalSupportAmt08791068
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03408902
IRS990ScheduleD/BuildingsGrp/DepreciationAmt068118
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03477020
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt011206
IRS990ScheduleD/DonatedServicesUseFcltsAmt011206
IRS990ScheduleD/ExpensesNotReportedAmt082912
IRS990ScheduleD/ExpensesSubtotalAmt060228
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt071706
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02016
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01764
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Conditional Grant
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deposits Held
IRS990ScheduleD/OtherRevenueAmt04442
IRS990ScheduleD/RevenueNotReportedAmt015648
IRS990ScheduleD/RevenueSubtotalAmt02598400
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, the Park Theater Trust is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that the Park Theater Trust has adequately evaluated its current tax positions and has concluded that as of December 31, 2024, the Park Theater Trust does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.The Park Theater Trust has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. The Park Theater Trust may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, the Park Theater Trust calculates and accrues the applicable taxes payable.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Change in discount on LT receivables $-67264 990T expenses $71706
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2990-T expenses $71706
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03410918
IRS990ScheduleD/TotalExpensesPerForm990Amt060228
IRS990ScheduleD/TotalLiabilityAmt0507700
IRS990ScheduleD/TotalRevenuePerForm990Amt02598400
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02614048
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0143140
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Park Theater Trust had no employees during the year ended December 31, 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Park Theater Trust had no employees during the year ended December 31, 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Tax returns are available for download from several websites and by request from the organization's office in Lafayette, California.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to www.candid.org (where they are available for viewing as electronic copies) and are also available by request from the Organization's office in Lafayette, California.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Change in discount LT Receivables = -$67264
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06217888
IRS990/TotalAssetsEOYAmt08840835
IRS990/TotalAssetsGrp/BOYAmt06217888
IRS990/TotalAssetsGrp/EOYAmt08840835
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02426931
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013269
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024396

Document Assets

No mirrored PDF or thumbnail assets are attached yet.