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Nonprofiteer
← HISTORIC DESOTO THEATRE FOUNDATION INC

Form 990 for tax year 2022

Filed by HISTORIC DESOTO THEATRE FOUNDATION INC.

Totals

Total revenue
$344,489
Total expenses
$120,505
Contributions and grants received
$277,967
Grants paid
$0
Program service revenue
$0
Investment income
$1,049
Other revenue
$65,473
Total assets, end of year
$1,070,202
Total liabilities, end of year
$110,865
Net assets or fund balances, end of year
$959,337
Program services expenses (Part IX)
$96,505
Management and general expenses
$24,000
Fundraising expenses
$0
Program service expenses (Part III)
$96,505

Program services were 80.1% 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.

  • 1f · All other contributions, gifts and grants

    $277,967

  • 3 · Investment income

    total $1,049 · unrelated business $1,049

  • 11a · Other revenue: RENTAL INCOME

    total $49,532 · related or exempt $49,532

  • 11b · Other revenue: TICKET REVENUE

    total $15,438 · related or exempt $15,438

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $503 · related or exempt $503

  • 11e · Other revenue, total

    $65,473

Functional expenses

Part IX, the statement of functional expenses.

  • 12 · Advertising and promotion

    total $3,043 · program services $3,043

  • 16 · Occupancy

    total $7,457 · program services $7,457

  • 17 · Travel

    total $481 · program services $481

  • 20 · Interest

    total $3,301 · program services $3,301

  • 22 · Depreciation, depletion and amortization

    total $18,550 · program services $18,550

  • 23 · Insurance

    total $7,198 · program services $7,198

  • 24a · Other expenses: MAINTENANCE AND REPAIRS

    total $27,394 · program services $27,394

  • 24b · Other expenses: CAMPAIGN EXPENSES

    total $24,000 · management and general $24,000

  • 24c · Other expenses: JANITORIAL

    total $5,735 · program services $5,735

  • 24d · Other expenses: CATERING

    total $2,733 · program services $2,733

  • 24e · All other expenses

    total $20,613 · program services $20,613

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $277,084 · end of year $481,695

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

    $878,339

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

    $289,832

  • 10c · Land, buildings and equipment, net

    beginning of year $586,524 · end of year $588,507

  • 23 · Secured mortgages and notes payable

    beginning of year $128,256 · end of year $110,865

  • 27 · Net assets without donor restrictions

    beginning of year $735,352 · end of year $959,337

Mission and programs · 2022

Mission

TO RESTORE THE DESOTO THEATRE TO ITS ORIGINAL GLORY.

Activities or mission (Part I)

TO RESTORE HISTORIC DESOTO THEATRE TO ITS FORMER GLORY.

  • TO RECONSTRUCT AND REHABILITATE THE DESOTO THEATRE FOR THE BENEFIT OF THE COMMUNITY BY PROVIDING CONCERTS AND SHOWS.

    Expenses $96,505

As filed on the 2022 return.

Listed in Part VII

  • Jim Powell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Lisa McWhorter

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • David Cook

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chris Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Clonts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chason Mull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashley Garner

    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
6 November 2023
IRS schema version
2022v5.0
Source object
202323199349313272

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