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← TCR FOUNDATION

Form 990 for tax year 2023

Filed by TCR FOUNDATION.

Totals

Total revenue
$55,516
Total expenses
$873,145
Contributions and grants received
$0
Grants paid
$425,000
Program service revenue
$0
Investment income
$55,516
Other revenue
$0
Total assets, end of year
$4,883,464
Total liabilities, end of year
$13,882,434
Net assets or fund balances, end of year
-$8,998,970
Program services expenses (Part IX)
$853,796
Management and general expenses
$19,349
Fundraising expenses
$0
Program service expenses (Part III)
$853,796

Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $24,867 · excluded $24,867

  • 7a · Gross sales of assets other than inventory

    securities $30,649

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $30,649

  • 7d · Net gain or loss

    total $30,649 · excluded $30,649

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $425,000 · program services $425,000

  • 11b · Fees: legal

    total $10,080 · management and general $10,080

  • 11c · Fees: accounting

    total $2,126 · management and general $2,126

  • 11f · Fees: investment management

    total $7,143 · management and general $7,143

  • 11g · Fees: other

    total $4,800 · program services $4,800

  • 22 · Depreciation, depletion and amortization

    total $423,996 · program services $423,996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,346 · end of year $43,110

  • 4 · Accounts receivable

    beginning of year $0 · end of year $1,030

  • 10a · Land, buildings and equipment: cost or other basis

    $10,363,852

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,724,842

  • 10c · Land, buildings and equipment, net

    beginning of year $3,063,006 · end of year $2,639,010

  • 12 · Investments: other securities

    beginning of year $2,314,830 · end of year $2,200,314

  • 25 · Other liabilities

    beginning of year $75,000 · end of year $13,882,434

  • 27 · Net assets without donor restrictions

    beginning of year $4,374,156 · end of year -$10,084,709

  • 28 · Net assets with donor restrictions

    beginning of year $985,026 · end of year $1,085,739

Mission and programs · 2023

Mission

TO MAINTAIN AND OPERATE REAL ESTATE USED BY THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC. A PUBLICLY SUPPORTED CULTURAL ORGANIZATION AND HOLD A MAJORITY OF ENDOWED FUNDS.

  • THEATRE BUILDING-THE ORGANIZATION OWNS AND MAINTAINS A THEATRE BUILDING WHICH HOUSES THE PERFORMANCES ARRANGED BY THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC., A PUBLICLY SUPPORTED 501(C)(3) EXEMPT ORGANIZATION AND HOLD A MAJORITY OF ENDOWED FUNDS.

    Expenses $853,796 · Grants $425,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DEIGNAN PAT

    PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RINGS RANDY

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ERENBERGER LEANN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.8 related

  • ABERNATHY TERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARROLL PATRICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • DAVIS TERRI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAY MARY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KLEIN JAMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINGE DINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MCGRATH MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.8 related

  • OLSON TYLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.8 related

  • RICHARDSON SARAH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SMITH LEIGHTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.8 related

  • HALLMAN KATIE

    EXECUTIVE DIRECTOR

    Total calculated
    $134,878
    From this org
    $0
    From related orgs
    $107,438
    Other
    $27,440
    Hours/week
    0 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • IOWA THEATRE BUILDING LLC

    LESSOR OF BUILDINGS · IA · income $243,461 · assets $2,639,010

    Directly controlled by TCR FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
21 May 2025
IRS schema version
2023v6.0
Source object
202501419349301255

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