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Nonprofiteer
← THE TIVOLI THEATRE FOUNDATION INC

Form 990 for tax year 2024

Filed by THE TIVOLI THEATRE FOUNDATION INC.

Totals

Total revenue
$20,130,750
Total expenses
$16,234,791
Contributions and grants received
$3,463,335
Grants paid
$7,105
Program service revenue
$14,725,610
Investment income
$687,677
Other revenue
$1,254,128
Total assets, end of year
$37,508,203
Total liabilities, end of year
$7,275,938
Net assets or fund balances, end of year
$30,232,265
Program services expenses (Part IX)
$15,557,269
Management and general expenses
$372,725
Fundraising expenses
$304,797
Program service expenses (Part III)
$15,557,269

Program services were 95.8% 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.

  • 1c · Fundraising events

    $118,112

  • 1e · Government grants (contributions)

    $532,530

  • 1f · All other contributions, gifts and grants

    $2,812,693

  • 1g · Noncash contributions included above

    $621,823

  • 2a · Program service revenue: TICKET SALES

    total $13,238,526 · related or exempt $13,238,526

  • 2b · Program service revenue: THEATRE RENT & FEES

    total $1,421,247 · related or exempt $1,421,247

  • 2c · Program service revenue: EDUCATION PROGRAM

    total $44,475 · related or exempt $44,475

  • 2d · Program service revenue: CAMP FEES

    total $21,362 · related or exempt $21,362

  • 3 · Investment income

    total $693,689 · excluded $693,689

  • 7a · Gross sales of assets other than inventory

    securities $60,120

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

    securities $66,132

  • 7c · Gain or loss

    securities -$6,012

  • 7d · Net gain or loss

    total -$6,012 · excluded -$6,012

  • 8a · Fundraising events: gross income

    $131,377

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

    $118,112

  • 8b · Fundraising events: direct expenses

    $42,042

  • 8c · Net income from fundraising events

    total $89,335 · excluded $89,335

  • 10a · Gross sales of inventory

    $1,723,182

  • 10b · Cost of goods sold

    $558,389

  • 10c · Net income from sales of inventory

    total $1,164,793 · related or exempt $1,164,793

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,105 · program services $7,105

  • 5 · Compensation of officers, directors and key employees

    total $752,786 · program services $639,868 · management and general $75,279 · fundraising $37,639

  • 7 · Other salaries and wages

    total $847,149 · program services $720,077 · management and general $84,714 · fundraising $42,358

  • 8 · Pension plan contributions

    total $75,455 · program services $64,137 · management and general $7,545 · fundraising $3,773

  • 9 · Other employee benefits

    total $256,235 · program services $217,800 · management and general $25,624 · fundraising $12,811

  • 10 · Payroll taxes

    total $179,944 · program services $152,953 · management and general $17,994 · fundraising $8,997

  • 11a · Fees: management

    total $827,077 · program services $785,336 · management and general $41,741

  • 11c · Fees: accounting

    total $50,044 · management and general $50,044

  • 11g · Fees: other

    total $11,585,400 · program services $11,538,154 · management and general $3,100 · fundraising $44,146

  • 12 · Advertising and promotion

    total $23,041 · program services $23,041

  • 13 · Office expenses

    total $61,316 · program services $2,804 · management and general $56,776 · fundraising $1,736

  • 14 · Information technology

    total $8,008 · program services $8,008

  • 16 · Occupancy

    total $552,667 · program services $552,667

  • 17 · Travel

    total $17,839 · program services $6,688 · fundraising $11,151

  • 19 · Conferences, conventions and meetings

    total $28,510 · program services $27,832 · fundraising $678

  • 22 · Depreciation, depletion and amortization

    total $385,354 · program services $385,354

  • 23 · Insurance

    total $47,917 · program services $47,917

  • 24a · Other expenses: EQUIPMENT & SUPPLIES

    total $179,712 · program services $162,838 · management and general $9,908 · fundraising $6,966

  • 24b · Other expenses: TAXES & LICENSES

    total $122,733 · program services $122,733

  • 24c · Other expenses: FUNDRAISING EXPENSES

    total $115,767 · fundraising $115,767

  • 24d · Other expenses: EDUCATION

    total $57,012 · program services $57,012

  • 24e · All other expenses

    total $53,720 · program services $34,945 · fundraising $18,775

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $260,482 · end of year $40,211

  • 2 · Savings and temporary cash investments

    beginning of year $16,684,076 · end of year $10,165,076

  • 3 · Pledges and grants receivable

    beginning of year $2,113,875 · end of year $1,868,984

  • 4 · Accounts receivable

    beginning of year $323,676 · end of year $781,404

  • 7 · Other notes and loans receivable

    end of year $6,462,000

  • 8 · Inventories for sale or use

    beginning of year $58,680 · end of year $61,673

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,739 · end of year $38,059

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

    $6,031,477

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

    $2,167,162

  • 10c · Land, buildings and equipment, net

    beginning of year $11,103,594 · end of year $3,864,315

  • 12 · Investments: other securities

    end of year $14,213,745

  • 15 · Other assets

    beginning of year $14,919 · end of year $12,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,037,594 · end of year $528,546

  • 19 · Deferred revenue

    beginning of year $3,235,141 · end of year $4,789,316

  • 23 · Secured mortgages and notes payable

    end of year $1,958,076

  • 27 · Net assets without donor restrictions

    beginning of year $22,212,478 · end of year $30,232,265

  • 28 · Net assets with donor restrictions

    beginning of year $4,123,828 · end of year $0

Mission and programs · 2024

Mission

THE CORPORATION SHALL, BY ITSELF OR IN AFFILIATION WITH OTHER ENTITIES, OWN, HOLD, LEASE, OPERATE, MAINTAIN, RENOVATE, AND IMPROVE CERTAIN REAL PROPERTY KNOWN AS THE TIVOLI THEATRE, THE SOLDIERS & SAILORS MEMORIAL AUDITORIUM, INCLUDING THE ROBERT KIRK WALKER COMMUNITY THEATRE, AND THE TIVOLI CENTER (COLLECTIVELY, THE "VENUES") LOCATED IN CHATTANOOGA, TENNESSEE, IN ORDER TO (A) TO PROVIDE PERFORMING ARTS VENUES FOR THE COMMUNITY AND OTHER ENTITIES AND INDIVIDUALS FOR ARTISTIC AND EDUCATIONAL ACTIVITIES; (B) TO PRESERVE AND RESTORE THE VENUES AS HISTORICAL LANDMARKS, IF APPROPRIATE; (C) TO LEASE THE TIVOLI CENTER (OR PARTS THEREOF) TO THIRD PARTIES AND OTHER CHARITABLE ORGANIZATIONS IN SUPPORT OF THE CORPORATION'S MISSION; AND (D) TO PROVIDE THE GENERAL PUBLIC WITH A GREATER AWARENESS, APPRECIATION, AND UNDERSTANDING OF THE THEATRICAL AND PERFORMING ARTS.

Activities or mission (Part I)

PRESERVE, RESTORE, AND OPERATE THREE HISTORIC LANDMARKS TO IMPROVE QUALITY OF LIFE IN CHATTANOOGA

  • OPERATION OF TWO HISTORIC PERFORMING ARTS VENUES IN CHATTANOOGA, TN, THE TIVOLI THEATRE AND SOLDIERS AND SAILORS MEMORIAL AUDITORIUM; TO OVERSEE THE FUNDRAISING EVENTS AND DIRECTION OF THE FACILITIES. (DOES NOT INCLUDE IN-KIND EXPENSES OF $32,050)

    Expenses $15,557,269 · Grants $7,105 · Revenue $15,890,403

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • W KEITH SANFORD

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • ANDY MULDOON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • SUSAN RICH

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • BRENT GOLDBERG

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    4

  • BOB MCKENZIE

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    4

  • HENRY ALDRIDGE PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARMEN DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BYRON KELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL SEAL

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • SHALIN TEJANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE WALKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE ZABEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR KELLY ARNOLD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN ROBERTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLY LEDFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONNA HARRISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM MONTAGUE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRAVIS MCDONOUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIA BURSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA SCOREY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROY VAUGHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JARVIS DAVENPORT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS A WILKINSON

    EXECUTIVE DIRECTOR CEO

    Total calculated
    $319,843
    From this org
    $307,541
    From related orgs
    $0
    Other
    $12,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,541
    Bonus
    $0
    Other
    $0
    Deferred
    $12,302
    Nontaxable benefits
    $0
    Filer's total
    $319,843

  • COURTNEY E KEENE

    COO-EVENTS/OPERATIONS

    Total calculated
    $204,861
    From this org
    $179,263
    From related orgs
    $0
    Other
    $25,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,263
    Bonus
    $0
    Other
    $0
    Deferred
    $7,280
    Nontaxable benefits
    $18,318
    Filer's total
    $204,861

  • DAVID R HOLSCHER

    COO-BOOKING/PROJECT MANAGER

    Total calculated
    $261,085
    From this org
    $232,685
    From related orgs
    $0
    Other
    $28,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,685
    Bonus
    $0
    Other
    $0
    Deferred
    $9,432
    Nontaxable benefits
    $18,968
    Filer's total
    $261,085

  • SARA M WILLIAMS

    CFO

    Total calculated
    $138,917
    From this org
    $133,574
    From related orgs
    $0
    Other
    $5,343
    Hours/week
    24

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 · 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

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TIVOLI SUB ONE BLOCKER INC

    C · MAXIMIZE BENEFITS ATTRIBUTABLE TO LLC ENTITIES WHICH IT OWNS INTEREST · TN · 100% owned · share of income $79,855 · share of assets $9,130,692

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202611059349301601

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