Skip to content
Nonprofiteer
← EMBASSY THEATRE FOUNDATION INC

Form 990 for tax year 2023

Filed by EMBASSY THEATRE FOUNDATION INC.

Totals

Total revenue
$4,218,815
Total expenses
$5,322,645
Contributions and grants received
$1,315,219
Grants paid
$0
Program service revenue
$2,702,417
Investment income
$143,855
Other revenue
$57,324
Total assets, end of year
$18,143,296
Total liabilities, end of year
$1,226,539
Net assets or fund balances, end of year
$16,916,757
Program services expenses (Part IX)
$4,360,702
Management and general expenses
$666,761
Fundraising expenses
$295,182
Program service expenses (Part III)
$4,360,702

Program services were 81.9% 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.

  • 1b · Membership dues

    $87,745

  • 1c · Fundraising events

    $388,446

  • 1e · Government grants (contributions)

    $260,000

  • 1f · All other contributions, gifts and grants

    $579,028

  • 1g · Noncash contributions included above

    $41,619

  • 2a · Program service revenue: TICKETING REVENUE

    total $1,670,614 · related or exempt $1,670,614

  • 2b · Program service revenue: CONCESSIONS/MERCHANDISE

    total $527,902 · related or exempt $527,902

  • 2c · Program service revenue: RENTAL INCOME

    total $296,183 · related or exempt $296,183

  • 2d · Program service revenue: SERVICE FEES

    total $207,718 · related or exempt $207,718

  • 3 · Investment income

    total $165,889 · excluded $165,889

  • 7a · Gross sales of assets other than inventory

    securities $1,164,600

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

    securities $1,186,634

  • 7c · Gain or loss

    securities -$22,034

  • 7d · Net gain or loss

    total -$22,034 · related or exempt -$22,034

  • 8a · Fundraising events: gross income

    $281,398

  • 8a · Fundraising events: contributions included on line 1c

    $388,446

  • 8b · Fundraising events: direct expenses

    $224,074

  • 8c · Net income from fundraising events

    total $57,324

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $256,574 · program services $148,814 · management and general $64,143 · fundraising $43,617

  • 7 · Other salaries and wages

    total $939,132 · program services $544,697 · management and general $234,783 · fundraising $159,652

  • 9 · Other employee benefits

    total $182,899 · program services $106,081 · management and general $45,725 · fundraising $31,093

  • 10 · Payroll taxes

    total $90,908 · program services $52,727 · management and general $22,727 · fundraising $15,454

  • 11b · Fees: legal

    total $6,589 · management and general $6,589

  • 11c · Fees: accounting

    total $47,982 · management and general $47,982

  • 11g · Fees: other

    total $172,361 · management and general $172,361

  • 12 · Advertising and promotion

    total $284,469 · program services $284,469

  • 13 · Office expenses

    total $29,712 · program services $5,726 · management and general $20,788 · fundraising $3,198

  • 14 · Information technology

    total $90,109 · program services $87,406 · management and general $901 · fundraising $1,802

  • 16 · Occupancy

    total $650,421 · program services $634,296 · management and general $5,375 · fundraising $10,750

  • 17 · Travel

    total $3,895 · management and general $3,895

  • 22 · Depreciation, depletion and amortization

    total $828,581 · program services $803,723 · management and general $8,286 · fundraising $16,572

  • 23 · Insurance

    total $124,637 · program services $111,198 · management and general $1,146 · fundraising $12,293

  • 24a · Other expenses: SHOW EXPENSES

    total $1,424,270 · program services $1,424,270

  • 24b · Other expenses: FOOD AND BEVERAGE EXPENSE

    total $107,461 · program services $107,461

  • 24c · Other expenses: EQUIPMENT EXPENSE

    total $37,568 · program services $36,441 · management and general $376 · fundraising $751

  • 24d · Other expenses: PROFESSIONAL DEVELOPMENT

    total $31,684 · management and general $31,684

  • 24e · All other expenses

    total $13,393 · program services $13,393

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,020 · end of year $4,961

  • 2 · Savings and temporary cash investments

    beginning of year $3,150,298 · end of year $2,185,196

  • 3 · Pledges and grants receivable

    beginning of year $404,376 · end of year $449,639

  • 4 · Accounts receivable

    beginning of year $26,972 · end of year $20,847

  • 8 · Inventories for sale or use

    beginning of year $31,388 · end of year $21,113

  • 9 · Prepaid expenses and deferred charges

    beginning of year $202,950 · end of year $139,873

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

    $24,551,100

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

    $11,420,587

  • 10c · Land, buildings and equipment, net

    beginning of year $13,787,661 · end of year $13,130,513

  • 11 · Investments: publicly traded securities

    beginning of year $1,796,961 · end of year $2,104,797

  • 15 · Other assets

    beginning of year $12,096 · end of year $86,357

  • 17 · Accounts payable and accrued expenses

    beginning of year $283,107 · end of year $149,713

  • 19 · Deferred revenue

    beginning of year $1,405,262 · end of year $1,064,544

  • 25 · Other liabilities

    end of year $12,282

  • 27 · Net assets without donor restrictions

    beginning of year $17,133,274 · end of year $16,381,943

  • 28 · Net assets with donor restrictions

    beginning of year $596,079 · end of year $534,814

Mission and programs · 2023

Mission

THE EMBASSY THEATRE ENRICHES THE CULTURAL LIFE OF THE REGION BY PROVIDING A WIDE RANGE OF ARTS AND ENTERTAINMENT EXPERIENCES IN A HISTORIC VENUE.

  • TO PRESERVE AND MAINTAIN ONE OF THE LARGEST HISTORIC THEATRES IN THE STATE OF INDIANA THROUGH QUALITY STAGE PERFORMANCES BY NATIONAL AND LOCAL ORGANIZATIONS AS WELL AS RENTAL OF THE BUILDING FOR ALL TYPES OF FUNCTIONS.

    Expenses $4,360,702 · Revenue $2,702,418

As filed on the 2023 return.

Listed in Part VII

  • KELLY UPDIKE

    PRESIDENT &

    Total calculated
    $159,200
    From this org
    $149,127
    From related orgs
    $0
    Other
    $10,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,127
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,073
    Nontaxable benefits
    not reported
    Filer's total
    $159,200

  • WALTER THOMAS SMITH

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MIKE BYNUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA GIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA GRANT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KARA KELLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER NUSBAUM

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TRACY SHELLABARGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOLYNN SUKO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JERMAINE THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THAO NGUYEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RACHEL OSTING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF WOENKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLISON ACOSTA-SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETH MCAVOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA OLIVERO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY JO HARDIMAN

    COO

    Total calculated
    $101,219
    From this org
    $94,289
    From related orgs
    $0
    Other
    $6,930
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
25 February 2025
IRS schema version
2023v6.0
Source object
202520579349300502

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.