Form 990 for tax year 2023
Filed by PALM SPRINGS PLAZA THEATRE FOUNDATION.
Totals
- Total revenue
- $1,491,901
- Total expenses
- $333,557
- Contributions and grants received
- $1,180,655
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $289,809
- Other revenue
- $21,437
- Total assets, end of year
- $11,239,872
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $11,239,872
- Program services expenses (Part IX)
- $92,125
- Management and general expenses
- $64,351
- Fundraising expenses
- $177,081
- Program service expenses (Part III)
- $92,125
Program services were 27.6% 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.
-
1e · Government grants (contributions)
$50,000
-
1f · All other contributions, gifts and grants
$1,130,655
-
3 · Investment income
total $289,809 · related or exempt $289,809
-
8a · Fundraising events: gross income
$21,614
-
8b · Fundraising events: direct expenses
$2,243
-
8c · Net income from fundraising events
total $19,371 · unrelated business $19,371
-
11a · Other revenue: OTHER INCOME
total $2,066 · related or exempt $2,066
-
11e · Other revenue, total
$2,066
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $40,000 · program services $40,000
-
11b · Fees: legal
total $12,399 · management and general $12,399
-
11c · Fees: accounting
total $16,469 · management and general $16,469
-
11e · Fees: professional fundraising services
total $78,643 · fundraising $78,643
-
11g · Fees: other
total $52,125 · program services $52,125
-
12 · Advertising and promotion
total $91,765 · fundraising $91,765
-
13 · Office expenses
total $13,551 · management and general $13,551
-
14 · Information technology
total $12,179 · management and general $8,130 · fundraising $4,049
-
23 · Insurance
total $13,802 · management and general $13,802
-
24a · Other expenses: Postage and printing
total $2,624 · fundraising $2,624
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,716,456 · end of year $419,500
-
2 · Savings and temporary cash investments
beginning of year $5,399,820 · end of year $1,496,927
-
3 · Pledges and grants receivable
beginning of year $2,779,138 · end of year $1,889,128
-
4 · Accounts receivable
beginning of year $47,211
-
9 · Prepaid expenses and deferred charges
end of year $7,253,250
-
15 · Other assets
beginning of year $138,903 · end of year $181,067
-
27 · Net assets without donor restrictions
beginning of year $2,223,800 · end of year $9,341,744
-
28 · Net assets with donor restrictions
beginning of year $7,857,728 · end of year $1,898,128
Mission and programs · 2023
Mission
To establish an endowment through donations, grants, and gifts for the restoration and future maintenance of The Plaza Theatre located in and owned by the City of Palm Springs California. Funds raised will also be used to promote ongoing cultural and recreational services.
-
During the fiscal year ended June 30, 2024, the organizations sole program was to raise the initial funds needed to restore the Theatre building. No other programs were undertaken and all expenses incurred were in service of the capital raise.
Expenses $92,125
As filed on the 2023 return.
Listed in Part VII
-
Brian Ray
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
David C Lee
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Teddy Grouya
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Kathy Weremiuk
Board Member
- Total calculated
- $0
- Hours/week
- 15
-
Ken Wachter
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Carol Adney
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Carolyn Caldwell
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Judith Blanchard
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Don Cecil
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Alan DeZon
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Mark Hamilton
Treasurer
- Total calculated
- $0
- Hours/week
- 35
-
JR Roberts
Chairman and President
- Total calculated
- $0
- Hours/week
- 35
-
Kevin Corcoran
Vice President
- Total calculated
- $0
- Hours/week
- 15
-
Rick Vila
Secretary
- Total calculated
- $0
- Hours/week
- 20
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520709349301537
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