Totals
- Total revenue
- $465,837
- Total expenses
- $510,489
- Contributions and grants received
- $201,922
- Grants paid
- $0
- Program service revenue
- $209,875
- Investment income
- $4,201
- Other revenue
- $49,839
- Total assets, end of year
- $1,060,277
- Total liabilities, end of year
- $4,238
- Net assets or fund balances, end of year
- $1,056,039
- Program services expenses (Part IX)
- $510,489
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $510,489
Program services were 100.0% 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.
-
1b · Membership dues
$4,125
-
1e · Government grants (contributions)
$20,127
-
1f · All other contributions, gifts and grants
$177,670
-
2a · Program service revenue: 3RD PARTY EVENTS
total $10,250 · related or exempt $10,250
-
2b · Program service revenue: THEATER EVENTS
total $199,375 · related or exempt $199,375
-
2c · Program service revenue: MARQUEE RENTAL
total $250 · related or exempt $250
-
3 · Investment income
total $4,201 · related or exempt $4,201
-
10a · Gross sales of inventory
$64,457
-
10b · Cost of goods sold
$22,461
-
10c · Net income from sales of inventory
total $41,996
-
11a · Other revenue: OTHER INCOME
total $7,843 · related or exempt $7,843
-
11e · Other revenue, total
$7,843
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $41,667 · program services $41,667
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $98,166 · program services $98,166
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $16,469 · program services $16,469
-
11a · Fees: management
total $394 · program services $394
-
11b · Fees: legal
total $650 · program services $650
-
11c · Fees: accounting
total $8,870 · program services $8,870
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $38,600 · program services $38,600
-
13 · Office expenses
total $2,321 · program services $2,321
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $54,433 · program services $54,433
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $48,607 · program services $48,607
-
23 · Insurance
total $9,280 · program services $9,280
-
24a · Other expenses: EVENT EXPENSES
total $182,349 · program services $182,349
-
24b · Other expenses: FUNDRAISING EXPENSES
total $2,109 · program services $2,109
-
24c · Other expenses: ORGAN STORAGE
total $2,100 · program services $2,100
-
24d · Other expenses: BOARD/ VOLUNTEER ACTIVITIES
total $706 · program services $706
-
24e · All other expenses
total $3,768 · program services $3,768
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $167,493 · end of year $159,861
-
4 · Accounts receivable
beginning of year $2,200
-
10a · Land, buildings and equipment: cost or other basis
$1,134,567
-
10b · Land, buildings and equipment: accumulated depreciation
$295,901
-
10c · Land, buildings and equipment, net
beginning of year $875,136 · end of year $838,666
-
13 · Investments: program-related
beginning of year $32,145 · end of year $35,156
-
15 · Other assets
beginning of year $29,589 · end of year $26,594
-
17 · Accounts payable and accrued expenses
beginning of year $17,523 · end of year $4,238
-
25 · Other liabilities
beginning of year $486
-
27 · Net assets without donor restrictions
beginning of year $171,006 · end of year $977,937
-
28 · Net assets with donor restrictions
beginning of year $917,548 · end of year $78,102
Mission and programs · 2023
Mission
REHABILITATE AND RESTORE THE HISTORIC WHITESIDE THEATRE IN DOWNTOWN CORVALLIS TO BECOME A MULTIPURPOSE ENTERTAINMENT AND EVENTS VENUE, ENHANCING ECONOMIC VITALITY AND CULTURAL DIVERSITY FOR THE ENTIRE COMMUNITY
-
THE REHABILITATION ACTIVITIES CONTINUED FOR THE YEAR. THE THEATER HAS BEEN AVAILABLE FOR USE AND SPONSORED SEVERAL EVENTS.
Expenses $510,489
As filed on the 2023 return.
Listed in Part VII
-
Steven RichmondSTEVEN RICHMOND
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Cloud DavidsonCLOUD DAVIDSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Iva MurprheeIVA MURPRHEE
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Celina Mendoza-AndersonCELINA MENDOZA-ANDERSON
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Melissa MurphyMELISSA MURPHY
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Sharon BogdanovicSHARON BOGDANOVIC
CHAIR
- Total calculated
- $0
- Hours/week
- 3
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
- 7 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431319349302983
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