2022-05-13T09:10:59-05:00 2021-06-30 201826687 Pilc & Moseley LLC 4312 Grove Avenue Richmond VA 23221 990 2020-07-01 311806232 The Byrd Theatre Foundation BYRD 8046485008 2908 W Cary Street Richmond VA 23221 Ben Cronly Treasurer 8046485008 2022-04-28 1 Ben Cronly 999009999 Ellen A Moseley P00441447 8049188490 X 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z Ben Cronly 4023 Clinton Avenue Richmond VA 23227 611466 0 X www.byrdtheatrefoundation.org X 2002 VA To expand the big screen experience, celebrate the art of cinema and preserve Virginia's grand motion picture palace, with a vision to elevate the Byrd's landmark position among American theaters as a center for film that continues to provide the broadest possible public access to exceptional cinematic experiences, 21 21 21 10 -3863 0 531008 375392 0 138280 8493 1124 137353 48568 676854 563364 0 0 0 0 101389 249723 0 0 170990 448572 390919 549961 640642 126893 -77278 2157495 1935860 932128 898560 1225367 1037300 X To expand the big screen experience, celebrate the art of cinema and preserve Virginia's grand motion picture palace, with a vision to elevate the Byrd's landmark position among american theaters as a center for film that continues to provide the broadest possible public access to exceptional cinematic experiences. 1 0 80384 Restoration and Improvements to the Theatre:Listed on the state and national registers of historic landmarks, the Byrd Theatre opened ninety years ago on December 24, 1928. It has remained operational and nearly unchaged since the day construction was completed. In 2011, the Byrd Theatre Foundation launched a bold initiative to raise the first $1,800,000 for phase one restoration projects, mortgage reduction and capacity building. Significant achievements included replacement of the roof, replacements of the theatre's heating and cooling systems, installation of a digital server, installation of a new state-of-the-art 4K projector, ongoing maintenace and repais on the might Wurlitzer organ. More recent work has included repair and restoration of the theatre's plasterwork, installation of a point-of-sale system at the theatre, replacement of the theatre's center section of seats in the main auditorium, creation of a wheelchair accesible seating area and construction of an ADA family restroom on the first floor of the theatre. 147433 Capacity building for growth:DESPITE THE CLOSURE OF THE THEATRE DURING MONTHS OF THIS FISCAL YEAR DUE TO COVID, THE FOUNDATION MADE MAJOR STRIDES IN CAPACITY BUILDING. THE FOUNDATION USED FUNDS RAISED IN PREVIOUS YEARS TO HIRE ITS FIRST EXECUTIVE DIRECTOR WHO ARRIVED AFTER THE THEATRE HAD BEEN CLOSED TO COVID. HOWEVER, WITHIN A FEW MONTHS WHEN THE STATE AND CITY ALLOWED RE-OPENING OF THE VENUE, THE COMPANY RE-OPENED AND DEVELOPED NEW REVENUE STREAMS DESPITE EXTREMELY LIMITED CAPACITIES. ALL CDC PROTOCALS WERE IMPLEMENTED AS WELL AS NINE MONTHS OF WORK TO THE HVAC SYSTEM. THIS MAINTENANCE WORK INCLUDED A SYSTEM WIDE CLEANING OF THE HVAC SYSTEM AND INSTALLING A TRIPLE FILTRATION SYSTEM USING HOSPITAL GRADE FILTERS AND U/V LIGHTING TO ELIMINATE AS MUCH OF THE VIRUS AS POSSIBLE AND ESTABLISH MODERN MAINTENANCE OF THIS SYSTEM. ALSO, FUNDS WERE USED TO EMPLOY SEVERAL FULL-TIME STAFF POSITIONS TO CREATE OPERATIONAL STABILITY. DEVELOPMENT ACTIVITIES WERE BROUGHT IN HOUSE FOR THE FIRST TIME AS WELL. ALTHOUGH THE THEATRE CONTINUES TO OPERATE AT ONE-THIRD OF AVAILABLE OCCUPANCY, EVERY OPPORTUNITY HAS BEEN UTILIZED TO SAFELY BALANCE THE NEED TO BRING IN REVENUE WITH THE NEED FOR PROTECTING PATRONS AND STAFF AS COVID VARIANTS HAVE CONTINUED TO CAUSE PEAKS AND VALLEYS TO POTENTIAL INCOME AND PROGRAMMING. 92280 151257 Evolving the Byrd as a center for film, film literacy, and program expansion:THE IMPACT OF COVID DELAYED SOME OF THESE EFFORTS ALONG WITH THE ORGANIZATIONAL SHIFT DUE TO HIRING PROFESSIONAL STAFF. HOWEVER, EVERY EFFORT TO CONTINUE THIS CRITICAL GOAL CONTINUED AT SOME LEVEL. SUCCESSFUL PROGRAMMING OCCURRED DUE TO ONGOING RELATIONSHIPS WITH FILM FESTIVALS AS WELL AS NEW PARTNERSHIPS WITH LOCAL AGENCIES SUCH AS A NEW BUSINESS INCUBATOR FOR WOMEN OF COLOR THROUGH VCU THAT SCREENED NEW FILMS BY DIRECTORS OF IN THEIR PROGRAM, WORKING WITH FILM CLASSES AT VCU FOR PRESENTATION OF STUDENTS FINAL PROJECTS, WORLD PREMIERES WERE HELD IN CONJUNCTION WITH DISNEY AND THE STATE FILM OFFICE FOR VIRGINIANS WHO HAD WORKED ON THESE FILMS OR SERIES. HISTORIC PRESERVATION EFFORTS CONTINUED THROUGH COMPLETING A CONTRACT WITH AN ARCHITECTURAL FIRM AND THEN PRICING OUT ITEMS IDENTIFIED FOR REPAIR AND PRESERVATION ALONGSIDE EFFORTS TO CULTIVATE DONORS FOR AN UPCOMING CAMPAIGN TO RAISE FUNDS FOR THESE ITEMS. AND, FINALLY, THE THEATRE BEGAN WORKING IN COLLABORATION WITH THE CARYTOWN MERCHANTS ASSOCIATION TO PROGRAM ACTIVITIES TOGETHER FOR THE COMMUNITY. 320097 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 6 0 1 21 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 VA X X X X Ben Cronly 8048228368 2908 W Cary Street Richmond VA 23221 Steve Taylor Chair 5.00 X X 0 0 0 Ted Haynes Chair Nominee 5.00 X X 0 0 0 Robin Ashworth Vice Chair 5.00 X X 0 0 0 Ben Cronly Treasurer 5.00 X X 0 0 0 Susan Reed Secretary 2.00 X X 0 0 0 Gibson Worsham Director 2.00 X 0 0 0 Chris Banta Director 2.00 X 0 0 0 Felicity Blundon Director 2.00 X 0 0 0 Nancy News Director 2.00 X 0 0 0 Beth Schulhof Director 2.00 X 0 0 0 John Spacek Director 2.00 X 0 0 0 Kevin Brandt Director 2.00 X 0 0 0 Jim Contner Director 2.00 X 0 0 0 Martin Davenport Director 2.00 X 0 0 0 Wayne Dementi Director 2.00 X 0 0 0 Charles Donato Director 2.00 X 0 0 0 Dick Luck Director 2.00 X 0 0 0 Michelle Partrea Director 2.00 X 0 0 0 Frank Rizzo Director 2.00 X 0 0 0 David Ross Director 2.00 X 0 0 0 Liz Tyler Director 2.00 X 0 0 0 Stacy Shaw Executive Director 40.00 X 45000 0 0 45000 0 0 0 0 0 0 0 97940 277452 375392 Movie, game parties, a 711110 138280 138280 138280 1124 1124 32935 36798 -3863 -3863 -3863 50758 11304 39454 39454 Miscellaneous Revenu 711110 12977 12977 12977 563364 151257 -3863 40578 X 90000 31500 18000 40500 131512 46029 26303 59180 10826 3789 2165 4872 17385 6085 3477 7823 35414 12395 12395 10624 70241 24072 24693 21476 14448 7224 7224 15725 6077 2390 7258 43013 39376 3637 3278 3278 85304 81039 4265 34653 227 34426 Film Expense 33627 32018 888 721 Repairs and Maintenance 21315 14237 7078 Bank Charges and Fees 14493 10524 3969 Licenses 7760 3814 3946 11648 1691 2614 7343 640642 320097 149555 170990 705991 467913 129295 51501 2212918 796472 1322209 1416446 2157495 1935860 29433 168846 4200 762127 744049 1155 120878 932128 898560 X 1159861 469781 65506 567519 1225367 1037300 2157495 1935860 X -77278 -110789 X 0 1 X 1 0 X 219019 250032 32708 305200 375392 1182351 967 138280 139247 11074 34601 29000 92865 12977 180517 231060 284633 61708 398065 526649 1502115 0 0 0 1502115 231060 284633 61708 398065 526649 1502115 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 443606 443606 1598938 384456 1214482 95360 95360 75014 412016 -337002 1416446 SBA EIDL Loan 120878 120878 X 600162 36798 36798 563364 0 563364 677440 36798 36798 640642 0 640642 Part X, Line 2: The Foundation follows Financial Accounting Standards Board ("FASB") guidance on how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. Management has evaluated the Foundation's tax position and concluded that the Foundation had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the guidance. The Foundation is not currently under audit by any tax jurisdiction. Part XI, Line 2d - Other Adjustments: Rental Expenses Netted Against Revenue Part XII, Line 2d - Other Adjustments: Rental Expenses Netted Against Revenue Theatre Operations 50758 50758 11304 50758 50758 11304 11304 39454 Form 990, Part III, line 2 1928 Limited, Inc was a wholly owned, incorporated affiliate of the Foundation that operated the Byrd Theatre as a movie theatre and venue of events in Richmond, Virginia until its dissolution in December 2020. At the time of dissolution, the Foundation took over 1928's operational duties, any any remaining assets in use by 1928 were transferred to the Foundation. Form 990, Part VI, Section A, line 4 Articles of Incorporation have been amended. Form 990, Part VI, Section B, line 11b The organizations process is to review & discuss the form 990 prior to approving for IRS filing. Form 990, Part VI, Section B, line 12c The BOD members are required to sign and submit the conflict of interst policy annually. In addition, it a new member is brought in mid-year, they are required to sign and submit the same form at that time. Form 990, Part VI, Section C, line 18 GiveRichmond.Guidestar.Org Form 990, Part VI, Section C, line 19 The organization is in the process of making these documents available on their website, www.ByrdTheatreFuondation.Org. While that is in the works, all documents are made available to the public upon request. Form 990, Part IX, line 11g Marketing: Program service expenses 12,600. Management and general expenses 12,600. Fundraising expenses 10,800. Total expenses 36,000. Other Professional Fees: Program service expenses 11,472. Management and general expenses 12,093. Fundraising expenses 10,676. Total expenses 34,241. Form 990, Part XI, line 9: Acquisition of Debt in Excess of Assets from 1928 Limited, Inc -110,789. 1928 Limited Inc DBA The Byrd Theatre 2908 W Cary Street Richmond VA 23221 208396504 Movie Theatre VA C 138280 1.00000 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1928 Limited Inc H 4563 Book Value 1928 Limited Inc D 105402 Mortgage Balance from Bank