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Nonprofiteer
← FRIENDS OF THE GARDEN THEATER

Form 990 for tax year 2023

Filed by FRIENDS OF THE GARDEN THEATER.

Totals

Total revenue
$750,354
Total expenses
$562,359
Contributions and grants received
$512,943
Grants paid
$0
Program service revenue
$197,983
Investment income
$20,000
Other revenue
$19,428
Total assets, end of year
$3,373,385
Total liabilities, end of year
$65,965
Net assets or fund balances, end of year
$3,307,420
Program services expenses (Part IX)
$383,239
Management and general expenses
$165,390
Fundraising expenses
$13,730
Program service expenses (Part III)
$383,239

Program services were 68.1% 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

    $512,943

  • 2a · Program service revenue: TICKET SALES

    total $128,298 · related or exempt $128,298

  • 2b · Program service revenue: SPONSORSHIPS

    total $51,750 · related or exempt $51,750

  • 2c · Program service revenue: MEMBERSHIP REVENUE

    total $10,550 · related or exempt $10,550

  • 2d · Program service revenue: OTHER

    total $7,385 · related or exempt $7,385

  • 3 · Investment income

    total $20,180 · related or exempt $20,180

  • 7a · Gross sales of assets other than inventory

    securities $6,309

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

    securities $6,489

  • 7c · Gain or loss

    securities -$180

  • 7d · Net gain or loss

    total -$180 · related or exempt -$180

  • 10a · Gross sales of inventory

    $40,728

  • 10b · Cost of goods sold

    $21,300

  • 10c · Net income from sales of inventory

    total $19,428 · related or exempt $19,428

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $120,556 · program services $60,278 · management and general $48,222 · fundraising $12,056

  • 10 · Payroll taxes

    total $9,240 · program services $4,620 · management and general $3,696 · fundraising $924

  • 11c · Fees: accounting

    total $5,100 · management and general $5,100

  • 11g · Fees: other

    total $48,103 · program services $45,743 · management and general $2,360

  • 12 · Advertising and promotion

    total $3,723 · program services $2,344 · management and general $1,379

  • 13 · Office expenses

    total $25,629 · program services $7,575 · management and general $18,054

  • 16 · Occupancy

    total $28,079 · program services $17,884 · management and general $10,195

  • 17 · Travel

    total $1,593 · program services $1,593

  • 19 · Conferences, conventions and meetings

    total $2,179 · program services $2,078 · management and general $101

  • 22 · Depreciation, depletion and amortization

    total $235,760 · program services $185,025 · management and general $50,735

  • 23 · Insurance

    total $14,012 · management and general $14,012

  • 24a · Other expenses: MOVIE RENTALS

    total $40,283 · program services $40,283

  • 24b · Other expenses: SOFTWARE

    total $10,874 · program services $4,921 · management and general $5,953

  • 24c · Other expenses: BANK FEES

    total $8,964 · program services $7,681 · management and general $1,283

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $5,472 · program services $1,472 · management and general $4,000

  • 24e · All other expenses

    total $2,792 · program services $1,742 · management and general $300 · fundraising $750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $159,029 · end of year $209,390

  • 2 · Savings and temporary cash investments

    beginning of year $727,897 · end of year $370,513

  • 3 · Pledges and grants receivable

    beginning of year $268,500 · end of year $77,500

  • 4 · Accounts receivable

    beginning of year $1,219 · end of year $2,905

  • 8 · Inventories for sale or use

    beginning of year $2,477 · end of year $2,079

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

    $3,011,353

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

    $300,355

  • 10c · Land, buildings and equipment, net

    beginning of year $2,004,257 · end of year $2,710,998

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,653 · end of year $59,058

  • 25 · Other liabilities

    beginning of year $5,144 · end of year $6,907

  • 27 · Net assets without donor restrictions

    beginning of year $2,414,364 · end of year $3,191,288

  • 28 · Net assets with donor restrictions

    beginning of year $705,218 · end of year $116,132

Mission and programs · 2023

Mission

THE FRIENDS OF THE GARDEN THEATER, A CHARITABLE ORGANIZATION, WAS FORMED IN 2019 TO ENSURE THE GARDEN THEATER REMAINS A VITAL PART OF THE FRANKFORT AND BENZIE COUNTY COMMUNITY. THE GARDEN THEATER IS NOT ONLY A CINEMA, IT IS A COMMUNITY ASSET UTILIZED FOR FUNDRAISERS, CONCERTS, WEDDINGS, TALENT SHOWS/PAGEANTS, HISTORICAL AND CURRENT EVENTS PRESENTATIONS, AND MORE.

  • MOVIES - HOSTS REGULAR CURRENT MOVIES AS WELL AS KIDS MOVIES AND DOCUMENTARIES.

    Expenses $320,790 · Revenue $92,337

  • LIVE MUSIC EVENTS - BY LOCAL AND NATIONAL ARTISTS

    Expenses $47,075 · Revenue $52,367

  • FILM FESTIVALS - THE FRANKFORT 48 IS AN AMATEUR SHOWCASE OF 2-MINUTE FILMS BY HIGH SCHOOLERS AND IN OCTOBER HOSTS A 4 TO 5 DAY ANNUAL FILM FESTIVAL SHOWING 4-5 MORE OBSCURE FILMS EACH DAY.

    Expenses $15,374 · Revenue $50,084

  • Revenue $3,195

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

Listed in Part VII

  • Rick Schmitt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Scott Harrison

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Jeff Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Becky Bagnall

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Amy King Schindler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elise Crafts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Oellerich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Katie Jones

    EXECUTIVE DI

    Total calculated
    $73,597
    From this org
    $73,597
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
20 June 2024
IRS schema version
2023v5.0
Source object
202431839349300958

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