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Nonprofiteer
← HULLS ANGELS INC

Form 990 for tax year 2022

Filed by HULLS ANGELS INC.

Totals

Total revenue
$328,322
Total expenses
$306,017
Contributions and grants received
$83,290
Grants paid
$0
Program service revenue
$139,217
Investment income
$394
Other revenue
$105,421
Total assets, end of year
$1,010,009
Total liabilities, end of year
$76,667
Net assets or fund balances, end of year
$933,342
Program services expenses (Part IX)
$258,013
Management and general expenses
$34,207
Fundraising expenses
$13,797
Program service expenses (Part III)
$258,013

Program services were 84.3% 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

    $6,390

  • 1f · All other contributions, gifts and grants

    $76,900

  • 2a · Program service revenue: ADMISSIONS

    total $139,217 · related or exempt $139,217

  • 3 · Investment income

    total $394 · excluded $394

  • 6a · Gross rents

    real property $16,318

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $16,318

  • 6d · Net rental income or loss

    total $16,318 · related or exempt $16,318

  • 10a · Gross sales of inventory

    $153,562

  • 10b · Cost of goods sold

    $64,459

  • 10c · Net income from sales of inventory

    total $89,103 · related or exempt $89,103

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $25,898 · program services $7,769 · management and general $10,360 · fundraising $7,769

  • 7 · Other salaries and wages

    total $78,217 · program services $74,548 · management and general $3,669

  • 10 · Payroll taxes

    total $8,517 · program services $6,693 · management and general $1,230 · fundraising $594

  • 11c · Fees: accounting

    total $5,650 · management and general $5,650

  • 11g · Fees: other

    total $11,453 · program services $9,053 · management and general $2,400

  • 12 · Advertising and promotion

    total $11,144 · program services $11,144

  • 13 · Office expenses

    total $2,941 · management and general $2,941

  • 14 · Information technology

    total $50 · management and general $50

  • 16 · Occupancy

    total $12,487 · program services $9,365 · management and general $3,122

  • 22 · Depreciation, depletion and amortization

    total $26,786 · program services $26,786

  • 23 · Insurance

    total $6,835 · program services $6,835

  • 24a · Other expenses: COST OF MOVIES

    total $75,921 · program services $75,921

  • 24b · Other expenses: CONCESSIONS

    total $20,123 · program services $20,123

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $9,776 · program services $9,776

  • 24d · Other expenses: FUNDRAISING

    total $5,434 · fundraising $5,434

  • 24e · All other expenses

    total $4,785 · management and general $4,785

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,072 · end of year $63,994

  • 2 · Savings and temporary cash investments

    beginning of year $99,541 · end of year $111,292

  • 4 · Accounts receivable

    beginning of year $650 · end of year $4,563

  • 8 · Inventories for sale or use

    beginning of year $8,316 · end of year $8,316

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,126 · end of year $2,677

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

    $1,076,735

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

    $277,568

  • 10c · Land, buildings and equipment, net

    beginning of year $814,400 · end of year $799,167

  • 14 · Intangible assets

    beginning of year $20,000 · end of year $20,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,068 · end of year $76,667

  • 27 · Net assets without donor restrictions

    beginning of year $911,037 · end of year $933,342

Mission and programs · 2022

Mission

TO PRESERVE THE DRIVE-IN THEATER IN LEXINGTON, VIRIGNIA AND PROVIDE AFFORDABLE FAMILY ENTERTAINMENT IN A HISTORICAL DRIVE-IN THEATER FOR A SMALL, RURAL COMMUNITY.

Activities or mission (Part I)

TO PRESERVE THE DRIVE-IN THEATER IN LEXINGTON, VIRGINIA AND PROVIDE AFFORDABLE FAMILY ENTERTAINMENT IN A HISTORICAL DRIVE-IN THEATER FOR A SMALL, RURAL COMMUNITY.

  • PROVIDE LOW-COST FAMILY ENTERTAINMENT AT A DRIVE-IN THEATER LOCATED IN ROCKBRIDGE COUNTY, VIRGINIA ON FRIDAY, SATURDAY, SUNDAY AND OCCASIONAL WEEK NIGHTS IN THE SPRING, SUMMER AND FALL.

    Expenses $258,013 · Revenue $244,638

As filed on the 2022 return.

Listed in Part VII

  • LIZ SCHMIDT

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • KEVIN MERRILL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KYLE MCCOIL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MATT PAXTON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARK MCKISSICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETE FARNHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRUCE YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANIE HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAUREN SUMMERS

    EXECUTIVE DIRECTOR

    Total calculated
    $25,898
    From this org
    $25,898
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ALEX SHIELDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARYANN ACUFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANE DOWDELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSICA BUHLER

    DIRECTOR

    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
2022
Filed
20 June 2023
IRS schema version
2022v5.0
Source object
202301719349301700

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