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Nonprofiteer
← HISTORIC TENNESSEE THEATRE FOUNDATION

Form 990 for tax year 2023

Filed by HISTORIC TENNESSEE THEATRE FOUNDATION.

Totals

Total revenue
$18,045,140
Total expenses
$15,532,286
Contributions and grants received
$2,970,675
Grants paid
$0
Program service revenue
$13,543,122
Investment income
$440,853
Other revenue
$1,090,490
Total assets, end of year
$41,256,689
Total liabilities, end of year
$7,104,245
Net assets or fund balances, end of year
$34,152,444
Program services expenses (Part IX)
$14,664,446
Management and general expenses
$683,813
Fundraising expenses
$184,027
Program service expenses (Part III)
$14,664,446

Program services were 94.4% 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)

    $1,625,407

  • 1f · All other contributions, gifts and grants

    $1,345,268

  • 2a · Program service revenue: BROADWAY TICKET SALES

    total $8,311,161 · related or exempt $8,311,161

  • 2b · Program service revenue: GENERAL TICKET SALES

    total $4,292,433 · related or exempt $4,292,433

  • 2c · Program service revenue: TICKET SALES FOR RENTER

    total $322,332 · related or exempt $322,332

  • 2d · Program service revenue: FOUNDATION SPONSORSHIPS

    total $293,886 · related or exempt $293,886

  • 2e · Program service revenue: TICKET REBATES

    total $263,073 · related or exempt $263,073

  • 2f · All other program service revenue

    total $60,237 · related or exempt $60,237

  • 3 · Investment income

    total $440,853 · related or exempt $440,853

  • 6a · Gross rents

    real property $405,893

  • 6c · Rental income or loss

    real property $405,893

  • 6d · Net rental income or loss

    total $405,893 · related or exempt $405,893

  • 10a · Gross sales of inventory

    $884,186

  • 10b · Cost of goods sold

    $263,926

  • 10c · Net income from sales of inventory

    total $620,260 · related or exempt $620,260

  • 11a · Other revenue: ADVERTISING REVENUE

    total $36,175 · related or exempt $36,175

  • 11b · Other revenue: BIJOU & 612 HOA MANAGEMENT FE

    total $26,700 · related or exempt $26,700

  • 11c · Other revenue: OTHER REVENUE

    total $1,462 · related or exempt $1,462

  • 11e · Other revenue, total

    $64,337

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $178,162 · program services $89,082 · management and general $44,540 · fundraising $44,540

  • 7 · Other salaries and wages

    total $1,155,945 · program services $844,793 · management and general $222,281 · fundraising $88,871

  • 9 · Other employee benefits

    total $166,409 · program services $116,486 · management and general $33,282 · fundraising $16,641

  • 10 · Payroll taxes

    total $100,188 · program services $70,131 · management and general $20,038 · fundraising $10,019

  • 11a · Fees: management

    total $2,005,547 · program services $2,001,843 · management and general $3,704

  • 11c · Fees: accounting

    total $24,300 · management and general $24,300

  • 11g · Fees: other

    total $93,242 · program services $93,242

  • 12 · Advertising and promotion

    total $887,564 · program services $887,564

  • 13 · Office expenses

    total $46,264 · program services $46,264

  • 16 · Occupancy

    total $214,380 · program services $191,151 · management and general $23,229

  • 19 · Conferences, conventions and meetings

    total $12,547 · program services $12,547

  • 22 · Depreciation, depletion and amortization

    total $788,482 · program services $788,482

  • 23 · Insurance

    total $107,300 · program services $107,300

  • 24a · Other expenses: BROADWAY - ARTIST FEES

    total $5,007,614 · program services $5,007,614

  • 24b · Other expenses: ARTIST FEES

    total $2,387,208 · program services $2,387,208

  • 24c · Other expenses: BROADWAY - STAGEHANDS

    total $515,347 · program services $515,347

  • 24d · Other expenses: CREDIT CARD AND ANALYSIS

    total $275,679 · management and general $275,679

  • 24e · All other expenses

    total $1,566,108 · program services $1,505,392 · management and general $36,760 · fundraising $23,956

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,580,719 · end of year $13,844,107

  • 2 · Savings and temporary cash investments

    beginning of year $3,722,353 · end of year $4,342,514

  • 4 · Accounts receivable

    beginning of year $858,149 · end of year $903,442

  • 8 · Inventories for sale or use

    beginning of year $35,039 · end of year $54,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,701 · end of year $98,304

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

    $34,616,904

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

    $12,602,599

  • 10c · Land, buildings and equipment, net

    beginning of year $21,889,419 · end of year $22,014,305

  • 17 · Accounts payable and accrued expenses

    beginning of year $924,528 · end of year $2,050,302

  • 19 · Deferred revenue

    beginning of year $3,652,737 · end of year $5,047,293

  • 25 · Other liabilities

    beginning of year $9,650 · end of year $6,650

  • 27 · Net assets without donor restrictions

    beginning of year $31,404,488 · end of year $34,002,467

  • 28 · Net assets with donor restrictions

    beginning of year $149,977 · end of year $149,977

Mission and programs · 2023

Mission

TO HOLD, MAINTAIN, RENOVATE AND IMPROVE CERTAIN REAL PROPERTY KNOWN AS THE HISTORIC TENNESSEE THEATRE LOCATED IN KNOXVILLE TENNESSEE, IN ORDER TO PROVIDE A PERFORMING ARTS VENUE FOR THE COMMUNITY AND OTHER ENTITIES FOR HISTORIC AND EDUCATIONAL ACTIVITIES; TO PRESERVE AND RESTORE THE HISTORIC TENNESSEE THEATRE AS A HISTORICAL LANDMARK; AND TO PROVIDE THE GENERAL PUBLIC WITH A GREATER AWARENESS, APPRECIATION AND UNDERSTANDING OF THE THEATRICAL PERFORMING ARTS.

  • SUPPORT OF PERFORMING ARTS ORGANIZATIONS AND OTHER INSTITUTIONS FOR ACTIVITIES INVOLVING EDUCATION AND RELIGION.

    Expenses $12,873,131 · Revenue $13,543,122

  • OPERATION OF HISTORICAL THEATRE TO PROVIDE A FACILITY FOR ORGANIZATIONS AND ACTIVITIES INVOLVING THE PERFORMING ARTS, EDUCATION AND RELIGION.

    Expenses $1,791,315

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

Listed in Part VII

  • Becky Hancock

    EXEC. DIRECT

    Total calculated
    $190,200
    From this org
    $178,162
    From related orgs
    $0
    Other
    $12,038
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,162
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,038
    Nontaxable benefits
    not reported
    Filer's total
    $190,200

  • Ed Rottmann

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Orlando Diaz

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Rick Blackburn

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jody Zahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandi Swilley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walt Bearden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Bumpas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cory Champman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Clayton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Eyre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Hamilton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Hay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dylan Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Omar Jubran

    DIRECOT

    Total calculated
    $0
    Hours/week
    1

  • Jeannette Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katrice Jones Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liz Sherrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Latisha Stubblefield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jenny Swanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lance Tracy

    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. 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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202443189349303344

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