Civic Intelligence

Lincoln Theatre Center Foundation

EIN 94-3052481 • 501(c)3 • Mount Vernon, WA

Profile

To entertain, inform and inspire our diverse community through cinema, live performances and educational programs while preserving the historic lincoln theatre.

PO Box 2312Mount Vernon, WA 98273

www.lincolntheatre.org

Siviq Scores

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

Liabilities / Assets

58th percentile

0.12x

Higher debt load relative to assets than 58% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.19x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

44th percentile

1.7%

Higher net margin than 44% of similar nonprofits.

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

Top Officer Pay

45th percentile

$29,668

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

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

Asset Growth

89th percentile

46%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

7th percentile

-41%

Faster revenue growth than 7% of similar nonprofits.

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

Assets

Up

$1,871,312

Up $592,124 (+46%) from 2023

Liabilities

Up

$217,490

Up $192,344 (+765%) from 2023

Net Assets

Up

$1,653,822

Up $399,780 (+32%) from 2023

Revenue

Down

$1,119,780

Down $770,553 (-41%) from 2023

Expenses

Down

$1,100,477

Down $435,246 (-28%) from 2023

Net Income

Down

$19,303

Down $335,307 (-95%) 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: $45,430Liabilities 2011: $35,803Net Assets 2011: $9,6272011Assets 2012: $36,729Liabilities 2012: $28,831Net Assets 2012: $7,8982012Assets 2013: $169,703Liabilities 2013: $31,758Net Assets 2013: $137,9452013Assets 2014: $253,166Liabilities 2014: $23,196Net Assets 2014: $229,9702014Assets 2015: $338,948Liabilities 2015: $18,424Net Assets 2015: $320,5242015Assets 2016: $403,923Liabilities 2016: $11,186Net Assets 2016: $392,7372016Assets 2017: $472,834Liabilities 2017: $15,075Net Assets 2017: $457,7592017Assets 2018: $585,821Liabilities 2018: $14,491Net Assets 2018: $571,3302018Assets 2019: $599,530Liabilities 2019: $16,366Net Assets 2019: $583,1642019Assets 2020: $596,277Liabilities 2020: $70,256Net Assets 2020: $526,0212020Assets 2021: $782,205Liabilities 2021: $141,896Net Assets 2021: $640,3092021Assets 2022: $898,508Liabilities 2022: $10,331Net Assets 2022: $888,1772022Assets 2023: $1,279,188Liabilities 2023: $25,146Net Assets 2023: $1,254,0422023Assets 2024: $1,871,312Liabilities 2024: $217,490Net Assets 2024: $1,653,8222024

Highlighted filing

2024

Assets$1,871,312
Liabilities$217,490
Net Assets$1,653,822

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $418,018Expenses 2011: $424,440Net Income 2011: -$6,4222011Expenses 2012: $452,6142012Expenses 2013: $433,6832013Revenue 2014: $612,084Expenses 2014: $528,290Net Income 2014: $83,7942014Revenue 2015: $584,950Expenses 2015: $505,728Net Income 2015: $79,2222015Revenue 2016: $756,218Expenses 2016: $688,029Net Income 2016: $68,1892016Revenue 2017: $731,730Expenses 2017: $664,226Net Income 2017: $67,5042017Revenue 2018: $873,702Expenses 2018: $753,909Net Income 2018: $119,7932018Revenue 2019: $966,013Expenses 2019: $997,468Net Income 2019: -$31,4552019Revenue 2020: $910,054Expenses 2020: $999,411Net Income 2020: -$89,3572020Revenue 2021: $578,895Expenses 2021: $460,978Net Income 2021: $117,9172021Revenue 2022: $1,072,552Expenses 2022: $821,881Net Income 2022: $250,6712022Revenue 2023: $1,890,333Expenses 2023: $1,535,723Net Income 2023: $354,6102023Revenue 2024: $1,119,780Expenses 2024: $1,100,477Net Income 2024: $19,3032024

Highlighted filing

2024

Revenue$1,119,780
Expenses$1,100,477
Net Income$19,303

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.22$1.65$1.12$1.10$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.28$0.03$1.25$1.89$1.54$0.35
2022Detailed filing. Detailed filing data is available for this year.$0.90$0.01$0.89$1.07$0.82$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.14$0.64$0.58$0.46$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.60$0.07$0.53$0.91$1.00$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.02$0.58$0.97$1.00$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.59$0.01$0.57$0.87$0.75$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.02$0.46$0.73$0.66$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.39$0.76$0.69$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.02$0.32$0.58$0.51$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.02$0.23$0.61$0.53$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.03$0.14$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.03$0.01$0.45
2011Summary only. Only limited summary data is available for this year.$0.05$0.04$0.01$0.42$0.42$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,198,152
Mission and Program Overview

Mission

To entertain, inform and inspire our diverse community through cinema, live performance and educational programs while preserving the historic lincoln theatre.

To entertain, unform,and inspire our diverse community through cinema, live perfromances, and educational programs while preserving the historic linoln theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$598,487$608,360▲ $9,873
Land, Buildings, and Equipment, Net$464,269$594,082▲ $129,813
Cash and Non-Interest-Bearing Accounts$214,262$90,200▼ $124,062
Prepaid Expenses and Deferred Charges-$31,746-
Accounts Receivable$-85$7,906▲ $7,991
Inventories for Sale or Use$3,450$3,450→ $0
Pledges and Grants Receivable$-1,195--
Total Assets$1,279,188$1,871,312▲ $592,124
Other Assets Total$0$535,568▲ $535,568
Liabilities
Deferred Revenue-$138,112-
Accounts Payable and Accrued Expenses$25,146$79,378▲ $54,232
Total Liabilities$25,146$217,490▲ $192,344
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$883,146-
Net Assets Without Donor Restrictions$1,254,042$770,676▼ $483,366
Total Net Assets Fund Balance$1,254,042$1,653,822▲ $399,780
Total Liabilities and Net Assets / Fund Balance$1,279,188$1,871,312▲ $592,124

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$69,782$414,308$484,090
Leasehold Improvements$365,063$68,240$433,303
Other Land Buildings$159,237$759$159,996
Other Assets Org$615--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Roger GietzenExecutive DirectorFT$29,668$29,668

Board Members and Trustees

NameTitle
Gregory NortonPresident
Duane PetzoldtVice President
Conrad AsklandBoard Member
Doris BrevoortBoard Member
Germaine KornegayBoard Member
Joe BowenBoard Member
Susan ReddBoard Member
Ron GuttuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$447,534
Program Service Revenue
$585,011
Investment Income
$16,776
Other Revenue
$70,459
All Other Contributions
$132,082
Change in Net Assets
$19,303

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,119,780
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$29,268
Total Revenue per Audited Statements
$1,149,048
Total Revenue per Form 990
$1,119,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$626,075
Salaries, Compensation, and Employee Benefits$474,402
Total Fundraising Expense$68,853
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$251,496$119,050$26,702$397,248
Office Expenses$47,963$15,680$19,709$83,352
Advertising$65,702-$9,854$75,556
Payroll Taxes$27,502$16,174$3,628$47,304
Depreciation Depletion$44,040$225-$44,265
Fees for Services Accounting-$34,398-$34,398
Occupancy$25,500$5,176$3,215$33,891
Other Employee Benefits$17,691$9,932$2,227$29,850
Other Expenses$11,107$4,037$3,222$11,107
All Other Expenses$5,317--$5,317
Information Technology$1,776$888$296$2,960
Fees for Services Other-$1,761-$1,761
Conferences and Meetings-$1,561-$1,561
Insurance$592$254-$846
Travel-$518-$518
Total Functional Expenses$821,970$209,654$68,853$1,100,477

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,249,745
Expenses per Audited Statements$1,100,477
Total Expenses per Form 990$1,100,477
Expenses Not Reported on Form 990$149,268
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$38,947
Fundraising Gross Income$31,740
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Brewfest$35,803$31,740$38,947$-7,207
Total Events$35,803$31,740$38,947$-7,207
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
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
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, Part VI, Section A, Line 6

Individuals can become lincoln theatre members by paying an annual fee of $30. There are various membership levels which include various benefits such as film passes and on screen recognition. All board members are able to vote on the board of directors at the annual membership meeting.

Form 990, Part VI, Section A, Line 7A

Members elect the directors of the foundation by majority vote of those present at the annual meeting.

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

The form 990 was reviewed by the executive director and treasurer before it is filed.

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

Officers and board members are required to disclose conflicts of interests. New officers and board members are made aware of the conflict of interest policy and disclosure requirements.

Form 990, Part VI, Section C, Line 18

Form 990 is available upon request or online through guidestar.org

Form 990, Part VI, Section C, Line 19

All governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lincoln Theatre Center Foundation
EIN
94-3052481
Phone
3604197129
Address
PO BOX 2312, MOUNT VERNON, WA 98273

Signing Officer

Name
Ronald L Guttu
Title
Treasurer
Phone
3604197129
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald L Guttu
Formed
1988
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
8
Employees
14
Volunteers
166

Preparer

Firm
Larson Gross Advisors LLC
Address
2211 RIMLAND DR 422, BELLINGHAM, WA 98226
Preparer
Steve Forbes-cpa
Phone
3607344280
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

A new independent auditor was selected during the year.

Financial Statement Notes

PART X, LINE 2:

The lincoln theater center foundation, pursuant to a letter of determination from the internal revenue service, is a non-profit organization exempted from the federal income tax under section 501(c)(3) of the internal revenue service code of 1986. As of june, 30 2024 the entity had no unrealated business activities subject to federal income taxes. Management evaluated the entities tax positions and concluded that the entity had taken no uncertain tax positions.

Raw XML AppendixShowing 400 of 531 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/MaterialDiversionOrMisuseInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO ENTERTAIN, UNFORM,AND INSPIRE OUR DIVERSE COMMUNITY THROUGH CINEMA, LIVE PERFROMANCES, AND EDUCATIONAL PROGRAMS WHILE PRESERVING THE HISTORIC LINOLN THEATRE.
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IRS990/OccupancyGrp/ManagementAndGeneralAmt05176
IRS990/OccupancyGrp/ProgramServicesAmt025500
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IRS990/OfficeExpensesGrp/FundraisingAmt019709
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015680
IRS990/OfficeExpensesGrp/ProgramServicesAmt047963
IRS990/OfficeExpensesGrp/TotalAmt083352
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3EDUCATIONAL EXPENSES
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IRS990/OtherExpensesGrp/ProgramServicesAmt311107
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03628
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016174
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0-1195
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IRS990/ProgramServiceRevenueGrp/Desc2FILM TICKET SALES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt412313
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION OPERATES A PRIMARILY VOLUNTEER RUN CONCESSIONS PROGRAM AT THE LINCOLN THEATRE, OFFERING ORGANIC POPCORN SOURCED FROM THE SKAGIT VALLEY FOOD CO-OP, ASSORTED SNACKS, AND A VARIETY OF BEVERAGES. PROCEEDS SUPPORT THE THEATRE'S NONPROFIT MISSION, WHILE EMPHASIZING PARTNERSHIPS WITH LOCAL BUSINESSES AND PROVIDING HIGH-QUALITY REFRESHMENTS TO ENHANCE THE PATRON EXPERIENCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0202631
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0144216
IRS990/ProgSrvcAccomActy3Grp/Desc0THE LINCOLN THEATRE PRESENTS A CURATED SELECTION OF FILMS TO EDUCATE, ENTERTAIN, AND INSPIRE THE COMMUNITY. THE PROGRAM FEATURES INDEPENDENT, CLASSIC, FOREIGN, AND DOCUMENTARY FILMS, AS WELL AS CULTURALLY SIGNIFICANT AND FAMILY-FRIENDLY TITLES. BY OFFERING DIVERSE CINEMATIC EXPERIENCES, THE THEATRE PROMOTES FILM AS AN ART FORM AND FOSTERS DIALOGUE, CULTURAL AWARENESS, AND COMMUNITY ENGAGEMENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0202940
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0145153
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE LINCOLN THEATRE OFFERS SKAGIT THEATRE CAMP AND THE LINCOLN PLAYERS THEATRE SCHOOL TO PROVIDE HIGH-QUALITY, SKILLS-BASED PERFORMING ARTS EDUCATION FOR STUDENTS OF ALL AGES. LED BY EXPERIENCED THEATRE PROFESSIONALS, THESE PROGRAMS EMPHASIZE ONE-ON-ONE INSTRUCTION, CREATIVITY, AND PERSONAL GROWTH IN A SUPPORTIVE CLASSROOM SETTING WITHIN THE HISTORIC LINCOLN THEATRE. THROUGH PARTNERSHIPS WITH LOCAL SCHOOLS, ORGANIZATIONS, AND SOCIAL SERVICE AGENCIES, THE THEATRE ENSURES BROAD ACCESS TO ARTS EDUCATION AND COMMUNITY ENRICHMENT ACROSS SKAGIT VALLEY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt017300
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt012313
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYProgramServiceRevenueAmt01123056
IRS990/PYRevenuesLessExpensesAmt01890333
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01890333
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt019303
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt076949
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0284046
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0608360
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0446951
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0591509
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0637914
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0509886
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0140609
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0433
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0399160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01123057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0362423
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt068885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0777859
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02731384
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt023178
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt015751
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt038929
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0131810
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0449
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt0214768
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93610
IRS990ScheduleA/PublicSupportTotal509Amt05097182
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0433303

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