Form 990 for tax year 2022
Filed by PALM SPRINGS PLAZA THEATRE FOUNDATION.
Totals
- Total revenue
- $4,653,787
- Total expenses
- $408,593
- Contributions and grants received
- $4,270,659
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $59,112
- Other revenue
- $324,016
- Total assets, end of year
- $10,081,528
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $10,081,528
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $16,099
- Fundraising expenses
- $392,494
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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)
$200,000
-
1f · All other contributions, gifts and grants
$4,070,659
-
3 · Investment income
total $59,112 · related or exempt $59,112
-
8a · Fundraising events: gross income
$434,569
-
8b · Fundraising events: direct expenses
$110,553
-
8c · Net income from fundraising events
total $324,016 · unrelated business $324,016
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $9,147 · management and general $9,147
-
11e · Fees: professional fundraising services
total $21,040 · fundraising $21,040
-
12 · Advertising and promotion
total $324,537 · fundraising $324,537
-
13 · Office expenses
total $21,859 · management and general $784 · fundraising $21,075
-
14 · Information technology
total $17,802 · management and general $2,161 · fundraising $15,641
-
23 · Insurance
total $3,181 · management and general $2,916 · fundraising $265
-
24a · Other expenses: Postage and printing
total $11,027 · management and general $1,091 · fundraising $9,936
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,346,196 · end of year $1,716,456
-
2 · Savings and temporary cash investments
end of year $5,399,820
-
3 · Pledges and grants receivable
beginning of year $1,490,138 · end of year $2,779,138
-
4 · Accounts receivable
end of year $47,211
-
15 · Other assets
end of year $138,903
-
27 · Net assets without donor restrictions
beginning of year $628,703 · end of year $2,223,800
-
28 · Net assets with donor restrictions
beginning of year $5,207,631 · end of year $7,857,728
Mission and programs · 2022
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, 2023, 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.
As filed on the 2022 return.
Listed in Part VII
-
David C Lee
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Brian Ray
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Frank Jones
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Gino LaMont
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Kathy Weremiuk
Board Member
- Total calculated
- $0
- Hours/week
- 15
-
Peter Wilson
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
David Ready
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Cinda Stolk
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Bruce Hoban
Board Member
- Total calculated
- $0
- Hours/week
- 20
-
Don Cecil
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Judith Blanchard
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Teddy Grouya
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
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431349349304783
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