Form 990 for tax year 2022
Filed by THE TIVOLI THEATRE FOUNDATION INC.
Totals
- Total revenue
- $20,484,887
- Total expenses
- $14,418,224
- Contributions and grants received
- $8,895,823
- Grants paid
- $3,500
- Program service revenue
- $10,640,634
- Investment income
- $266,629
- Other revenue
- $681,801
- Total assets, end of year
- $25,038,713
- Total liabilities, end of year
- $2,341,724
- Net assets or fund balances, end of year
- $22,696,989
- Program services expenses (Part IX)
- $13,783,758
- Management and general expenses
- $368,168
- Fundraising expenses
- $266,298
- Program service expenses (Part III)
- $13,783,758
Program services were 95.6% 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
$141,627
-
1e · Government grants (contributions)
$6,852,886
-
1f · All other contributions, gifts and grants
$1,901,310
-
1g · Noncash contributions included above
$54,000
-
2a · Program service revenue: TICKET SALES
total $9,334,693 · related or exempt $9,334,693
-
2b · Program service revenue: THEATRE RENT & FEES
total $1,279,256 · related or exempt $1,279,256
-
2c · Program service revenue: CAMP FEES
total $16,685 · related or exempt $16,685
-
2d · Program service revenue: EDUCATION PROGRAM
total $10,000 · related or exempt $10,000
-
3 · Investment income
total $202,018 · excluded $202,018
-
7a · Gross sales of assets other than inventory
securities $64,611
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $64,611
-
7d · Net gain or loss
total $64,611 · excluded $64,611
-
8a · Fundraising events: gross income
$263,228
-
8a · Fundraising events: contributions included on line 1c
$141,627
-
8b · Fundraising events: direct expenses
$309,654
-
8c · Net income from fundraising events
total -$46,426 · excluded -$46,426
-
10a · Gross sales of inventory
$1,255,427
-
10b · Cost of goods sold
$527,200
-
10c · Net income from sales of inventory
total $728,227 · related or exempt $728,227
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,500 · program services $3,500
-
5 · Compensation of officers, directors and key employees
total $500,714 · program services $425,607 · management and general $50,071 · fundraising $25,036
-
7 · Other salaries and wages
total $1,425,060 · program services $1,211,301 · management and general $142,506 · fundraising $71,253
-
8 · Pension plan contributions
total $49,435 · program services $42,020 · management and general $4,944 · fundraising $2,471
-
9 · Other employee benefits
total $259,357 · program services $220,453 · management and general $25,935 · fundraising $12,969
-
10 · Payroll taxes
total $137,136 · program services $116,566 · management and general $13,713 · fundraising $6,857
-
11a · Fees: management
total $847,727 · program services $847,727
-
11b · Fees: legal
total $28,745 · management and general $28,745
-
11c · Fees: accounting
total $26,407 · management and general $26,407
-
11g · Fees: other
total $8,706,007 · program services $8,685,283 · management and general $20,724
-
12 · Advertising and promotion
total $44,319 · program services $44,319
-
13 · Office expenses
total $55,235 · program services $10,497 · management and general $44,738
-
14 · Information technology
total $26,808 · program services $26,808
-
16 · Occupancy
total $1,122,308 · program services $1,122,308
-
17 · Travel
total $7,890 · program services $7,890
-
19 · Conferences, conventions and meetings
total $35,426 · program services $35,426
-
22 · Depreciation, depletion and amortization
total $521,891 · program services $521,891
-
23 · Insurance
total $158,885 · program services $158,885
-
24a · Other expenses: EQUIPMENT & SUPPLIES
total $199,606 · program services $189,221 · management and general $10,385
-
24b · Other expenses: FUNDRAISING EXPENSES
total $147,712 · fundraising $147,712
-
24c · Other expenses: TAXES & LICENSES
total $85,891 · program services $85,891
-
24e · All other expenses
total $28,165 · program services $28,165
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,908,939 · end of year $169,217
-
2 · Savings and temporary cash investments
beginning of year $1,008,409 · end of year $12,480,178
-
3 · Pledges and grants receivable
beginning of year $2,295,000 · end of year $2,525,009
-
4 · Accounts receivable
beginning of year $419,042 · end of year $165,809
-
8 · Inventories for sale or use
beginning of year $29,233 · end of year $39,742
-
9 · Prepaid expenses and deferred charges
beginning of year $78,656 · end of year $46,104
-
10a · Land, buildings and equipment: cost or other basis
$11,350,427
-
10b · Land, buildings and equipment: accumulated depreciation
$1,754,875
-
10c · Land, buildings and equipment, net
beginning of year $8,987,077 · end of year $9,595,552
-
15 · Other assets
beginning of year $19,285 · end of year $17,102
-
17 · Accounts payable and accrued expenses
beginning of year $657,512 · end of year $348,181
-
19 · Deferred revenue
beginning of year $2,351,831 · end of year $1,993,543
-
27 · Net assets without donor restrictions
beginning of year $15,436,298 · end of year $20,216,130
-
28 · Net assets with donor restrictions
beginning of year $1,300,000 · end of year $2,480,859
Mission and programs · 2022
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 $24,000)
Expenses $13,783,758 · Grants $3,500 · Revenue $11,368,861
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
W Keith SanfordW KEITH SANFORD
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Susan RichSUSAN RICH
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Brent GoldbergBRENT GOLDBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol SealCAROL SEAL
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Carmen DavisCARMEN DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob McKenzieBOB MCKENZIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Byron KellyBYRON KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy MuldoonANDY MULDOON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Alice DavenportALICE DAVENPORT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shalin TejaniSHALIN TEJANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Henry Aldridge PhDHENRY ALDRIDGE PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna Elle HarrisonDONNA ELLE HARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry MitchellJERRY MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Caroline WalkerCAROLINE WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve ZabelSTEVE ZABEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kelly ArnoldDR KELLY ARNOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Justin RobertsonDR JUSTIN ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly LedfordKELLY LEDFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Travis McDonoughTRAVIS MCDONOUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom MontagueTOM MONTAGUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julia BurschJULIA BURSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nick WilkinsonNICK WILKINSON
EXECUTIVE DIRECTOR CEO
- Total calculated
- $250,000
- From this org
- $250,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $250,000
-
David R HolscherDAVID R HOLSCHER
COO-BOOKING/PROJECT MANAGEMENT
- Total calculated
- $204,560
- From this org
- $204,560
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,560
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $204,560
-
Sara WilliamsSARA WILLIAMS
CFO
- Total calculated
- $105,750
- From this org
- $105,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 24
-
Courtney KeeneCOURTNEY KEENE
COO-EVENTS/OPERATIONS
- Total calculated
- $126,108
- From this org
- $126,108
- From related orgs
- $0
- Other
- $0
- 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 · 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430329349300333
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