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Nonprofiteer
← PHOENIX THEATRE BUILDING CORPORATION

Form 990 for tax year 2023

Filed by PHOENIX THEATRE BUILDING CORPORATION.

Totals

Total revenue
$200,022
Total expenses
$449,017
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$200,000
Investment income
$22
Other revenue
$0
Total assets, end of year
$9,822,430
Total liabilities, end of year
$9,700,000
Net assets or fund balances, end of year
$122,430
Program services expenses (Part IX)
$429,179
Management and general expenses
$19,838
Fundraising expenses
$0
Program service expenses (Part III)
$429,179

Program services were 95.6% 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.

  • 2a · Program service revenue: PROGRAM SERVICE RENT R

    total $200,000 · related or exempt $200,000

  • 3 · Investment income

    total $22 · excluded $22

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $7,256 · management and general $7,256

  • 11c · Fees: accounting

    total $12,431 · management and general $12,431

  • 11g · Fees: other

    total $75,000 · program services $75,000

  • 20 · Interest

    total $114,654 · program services $114,654

  • 22 · Depreciation, depletion and amortization

    total $239,525 · program services $239,525

  • 24a · Other expenses: OTHER EXPENSES

    total $151 · management and general $151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,155 · end of year $137,317

  • 4 · Accounts receivable

    beginning of year $15,000 · end of year $15,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,000 · end of year $75,000

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

    $10,661,214

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

    $1,347,328

  • 10c · Land, buildings and equipment, net

    beginning of year $9,553,411 · end of year $9,313,886

  • 14 · Intangible assets

    beginning of year $297,816 · end of year $280,162

  • 15 · Other assets

    beginning of year $76,043 · end of year $1,065

  • 23 · Secured mortgages and notes payable

    beginning of year $9,700,000 · end of year $9,700,000

  • 27 · Net assets without donor restrictions

    beginning of year $371,425 · end of year $122,430

Mission and programs · 2023

Mission

TO HOLD TITLE TO AND MANAGE REAL & PERSONAL PROPERTY FOR THE BENEFIT OF PHOENIX THEATRE INC., INDIANAPOLIS IN; TO DISTRIBUTE NET INCOME IN EXCESS OF EXPENSES AND DEBT SERVICE TO PHOENIX THEATRE INC., AND ASSIST PHOENIX THEATRE INC. IN PROMOTING ECONOMIC GROWTH OF MARION COUNTY, INDIANA.

  • TO HOLD TITLE TO AND MANAGE REAL & PERSONAL PROPERTY FOR THE BENEFIT OF PHOENIX THEATRE INC., INDIANAPOLIS IN; TO DISTRIBUTE NET INCOME IN EXCESS OF EXPENSES AND DEBT SERVICE TO PHOENIX THEATRE INC., AND ASSIST PHOENIX THEATRE INC. IN PROMOTING ECONOMIC GROWTH OF MARION COUNTY, INDIANA.

    Expenses $429,179

  • N/A

  • N/A

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

Listed in Part VII

  • Michael Flint

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Gastineau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Kincannon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Shook

    PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Frank Hoffman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
14 March 2024
IRS schema version
2023v4.0
Source object
202430749349300423

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