THE STATE THEATRE FOUNDATION INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- THE STATE THEATRE FOUNDATION INC (EIN 20-1712170)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-15
- IRS object ID
- 201441369349300009
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule L
- Schedule M
- Schedule N
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-15T22:03:13-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541149263 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YOUNT HYDE & BARBOUR PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 SUNSET LANE SUITE 1310 | AddressLine1 |
| City | CULPEPER | City |
| State | VA | State |
| ZIP Code | 22701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201712170 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE STATE THEATRE FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | STAT | NameControl |
| Phone | 5408290293 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 657 | AddressLine1 |
| City | CULPEPER VA | City |
| State | VA | State |
| ZIP Code | 22701 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GARY W LEE | Name |
| Title | TREASURER | Title |
| Phone | 5408290293 | Phone |
| Date Signed | 2014-05-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRIS PEARSON CPA | Name |
| PTIN | P00547894 | PTIN |
| Phone | 5408256050 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GARY W LEE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 305 S MAIN ST | AddressLine1 |
| City | CULPEPER | City |
| State | VA | State |
| ZIP Code | 22701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1641571 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CULPEPERTHEATRE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2004 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | ORGANIZE AND FUNDRAISE FOR A COMMUNITY LIVE PERFORMING ARTS & REGIONAL CULTURAL CENTER | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3 | TotalNbrEmployees |
| Total Nbr Volunteers | 100 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 203758 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1608886 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -796 | InvestmentIncomePriorYear |
| Investment Income Current Year | 17 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 37787 | OtherRevenuePriorYear |
| Other Revenue Current Year | 19178 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 240749 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1628081 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 50589 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 59891 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2869 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 30503 | OtherExpensePriorYear |
| Other Expenses Current Year | 39264 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 81092 | TotalExpensesPriorYear |
| Total Expenses Current Year | 99155 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 159657 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1528926 | RevenuesLessExpensesCY |
| Total Assets BOY | 6509133 | TotalAssetsBOY |
| Total Assets EOY | 3755128 | TotalAssetsEOY |
| Total Liabilities BOY | 4298814 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2210319 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3755128 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | ORGANIZE & FUNDRAISE FOR A COMMUNITY LIVE PERFORMING ARTS FACILITY AND REGIONAL CULTURAL CENTER | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Description | AFTER NINE YEARS OF PLANNING AND VOLUNTEER EFFECT, THE FOUNDATION COMPLETED CONSTRUCTION/REHABILITATION OF 1930'S ERA VAUDEVILLE THEATRE IN MAY, 2013 THEREBY ESTABLISHING THE REGION'S FIRST CULTURAL AND PERFORMING ARTS CENTER DEDICATED TO QUALITY ENTERTAINMENT AT A REASONABLE ADMISSION CHARGE, A VENUE FOR THE COMMUNITY'S SCHOOL SYSTEM TO ACQUAINT/EDUCATE STUDENTS ABOUT THE ARTS, AND TO STIMULATE ECONOMIC DEVELOPMENT IN THE COMMUNITY. THE FOUNDATION CURRENTLY MANAGES THE THEATER FACILITY FOR THE STATE THEATRE MASTER TENANT, LLC. | Description |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 1 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 5 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 3 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GARY W LEE TREASURER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5408290293 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 657 | AddressLine1 |
| City | CULPEPER | City |
| State | VA | State |
| ZIP Code | 22701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| GREG YATES | ||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |
| TAD LOVING | ||||||
| DIRECTOR/PAST CHAIRMAN | 5.00 | X | 0 | 0 | 0 | |
| GARY LEE | ||||||
| TREASURER | 30.00 | X | 0 | 0 | 0 | X |
| DAVID ALBEE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BRUCE CLARK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CHRIS HAMILTON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| QUINTIN MULLINS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LIZ YATES | ||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |
| MIRIAM HALSEY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CATHY DALRYMPLE | ||||||
| DIRECTOR/CHAIRPERSON | 20.00 | X | 0 | 0 | 0 | X |
| DON HAIGHT JR | ||||||
| DIRECTOR/VICE CHAIRPERSON | 3.00 | X | 0 | 0 | 0 | X |
| NORM LAUDERMILCH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| STEVE SOUTHARD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CLARISSA BERRY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MIKE MASHON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RAVEN YATES | ||||||
| SECRETARY | 5.00 | X | 0 | 0 | 0 | X |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 1608886 | AllOtherContributions |
| Noncash Contributions | 1273305 | NoncashContributions |
| Total Contributions | 1608886 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17 | RelatedOrExemptFunctionIncome |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 25155 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 13490 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 11665 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11665 | TotalRevenueColumn |
| Related Or Exempt Function Income | 11665 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | EARTHQUAKE DAMAGE REIM | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 7513 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7513 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 7513 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1628081 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19195 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53387 | Total |
| Management And General | 53387 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3000 | Total |
| Management And General | 3000 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3504 | Total |
| Management And General | 3504 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1500 | Total |
| Management And General | 1500 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9682 | Total |
| Management And General | 9682 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10339 | Total |
| Management And General | 10339 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5114 | Total |
| Management And General | 5114 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FUNDRAISING EXPENSES | 2869 | 2869 | |
| DUES & SUBSCRIPTIONS | 2573 | 2573 | |
| EQUIPMENT RENTAL | 2523 | 2523 | |
| PRINTING & COPYING | 1735 | 1735 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2929 | Total |
| Management And General | 2929 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99155 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 96286 | ManagementAndGeneral |
| Fundraising | 2869 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12801 | BOY |
| EOY | 18735 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 0 | LandBuildingsEquipmentBasis |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6369152 | BOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21642 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 105538 | BOY |
| EOY | 3736393 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6509133 | BOY |
| EOY | 3755128 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39531 | BOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3250000 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1009283 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4298814 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2210319 | BOY |
| EOY | 3755128 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2210319 | BOY |
| EOY | 3755128 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6509133 | BOY |
| EOY | 3755128 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 1528926 | ReconcilationRevenueExpenses |
| Reconcilation Prior Adjustment | 15883 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 139944 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 186870 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 265753 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 153758 | CurrentTaxYearMinus1Year |
| Current Tax Year | 632746 | CurrentTaxYear |
| Total | 1379071 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 139944 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 186870 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 265753 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 153758 | CurrentTaxYearMinus1Year |
| Current Tax Year | 632746 | CurrentTaxYear |
| Total | 1379071 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 760187 | AmountsSubstContributorsTotal |
| Public Support Total170 | 618884 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 953 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | -60 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | -12473 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | -796 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17 | CurrentTaxYear |
| Total | -12359 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 1366712 | TotalSupport |
| Public Support Pertcentage170 | 0.45280 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.49400 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INVESTMENT IN STATE THEATRE OWNER, LLC | 3247816 |
| INVESTMENT IN STATE THEATRE MANAGER, LLC | -463923 |
| COMMERCIAL RENTAL REALTY HELD FOR RESALE | 952500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 3736393 | TotalBookValueOtherAssets |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LERNER BUILDING LLC | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | OWNED BY CHRIS HAMILTON, FORMER VICE CHAIRPERSON | Relationship |
| Amount Of Transaction | 5114 | AmountOfTransaction |
| Description Of Transaction | MONTHLY OFFICE SPACE RENTAL | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 296480 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVG FMV DATE OF DONATION | MethodOfDeterminingRevenues |
Real Estate Commercial RealEstateCommercial
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 950000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISED VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | LIGHTING SCONCES | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 26825 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MSRP | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule N IRS990ScheduleN
Disposition Table DispositionTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | PRIOR TO APRIL 11, 2013, ALL REAL PROPERTY ON THE SITE OF THE HISTORIC STATE THEATER WAS TITLED IN THE NAME OF STATE THEATRE OWNER, LLC.(STO). STO WAS A SINGLE MEMBER LLC OWNED SOLELY BY THE STATE THEATRE FOUNDATION, INC. (STF). DURING APRIL, 2013, BANK OF CLARKE COUNTY INVESTED CAPITAL INTO THE ENTITY IN RETURN FOR A 99.9% EQUITY INTEREST. ALL REAL PROPERTY (EXCEPT A COMMERCIAL RENTAL PROPERTY LOCATED IN MANASSAS, VA) INCLUDING IMPROVEMENTS ARE NOW OWNED IN A FOR-PROFIT ENTITY TREATED AS A PARTNERSHIP FOR INCOME TAX PURPOSES | DescriptionOfAsset |
| Date Of Distribution | 2013-04-11 | DateOfDistribution |
| FMV Of Asset | 11408674 | FMVOfAsset |
| Method Of FMV Determination | COST BASIS | MethodOfFMVDetermination |
| EIN | 261951500 | EIN |
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATE THEATRE OWNER LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 311 S MAIN ST | AddressLine1 |
| City | CULPEPER | City |
| State | VA | State |
| ZIP Code | 22701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | PARTNERSHIP | IRCSection |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | 1 | DirectorOfSuccessor2 |
| Employee Of Successor2 | 0 | EmployeeOfSuccessor2 |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2 |
| Receive Compensation2 | 0 | ReceiveCompensation2 |
Form990 Schedule N Part III Form990ScheduleNPartIII (2 entries)
| ExplanationExplanation |
|---|
| PART II, LINE 2E: LUNSFORD L LOVING AND GARY W LEE |
| PART II, LINE 2E: MANAGING MEMBERS OF TRANSFEREE ORGANIZATION |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CHANGES IN PROGRAM SERVICES | FORM 990, PART III, LINE 3 | FOUNDATION ENTERED INTO PARTNERSHIP WITH VARIOUS FOR-PROFIT ENTITIES TO RAISE CAPITAL FOR DEBT REDUCTION, TO LEASE FACILITIES AND TO MANAGE PROGRAM SERVICES FOR THOSE ENTITIES. |
| FORM 990, PART VI, SECTION A, LINE 2 | HUSBAND AND WIFE ARE BOTH MEMBERS OF THE BOARD. ADDITIONALLY, THE FOUNDATION LEASED A BUSINESS OFFICE FROM ONE OF ITS DIRECTORS PENDING OCCUPANCY OF THE THEATER'S NEWLY CONSTRUCTED FACILITY IN MAY 2013 FOR $500/MONTH. | |
| FORM 990, PART VI, SECTION B, LINE 11 | RETURN REVIEWED BY THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WITH TREASURER PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF THE EXECUTIVE/MANAGING DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WHICH EXCLUDES SUCH EXECUTIVE/MANAGING DIRECTOR. FACTORS INCLUDE DEGREE OF RESPONSIBILITY ACCEPTED BY THE PERSON HOLDING THE POSITION, EXPECTATION OF TIME COMMITMENT TO THE POSITION AND GENERAL ECONOMIC CONDITIONS IN THE MARKET AREA. | |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS AND POLICES AVAILABLE UPON REQUEST. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|
| STATE THEATRE DEVELOPER LLC | |||||||
| 311 S MAIN STREET | CULPEPER | VA | 22701 | 261951571 | REAL ESTATE DEVELOPMENT | VA | THE STATE THEATRE FOUNDATION INC |
| STATE THEATRE MANAGER LLC | |||||||
| 311 S MAIN STREET | CULPEPER | VA | 22701 | 261951460 | PROPERTY MANAGEMENT | VA | THE STATE THEATRE FOUNDATION INC |
Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeType | Disproportionate AllocationsDisproportionateAllocations | General Or Managing PartnerGeneralOrManagingPartner | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STATE THEATRE OWNER LLC | |||||||||||
| 311 S MAIN ST | CULPEPER | VA | 22701 | 261951500 | REAL ESTATE HOLDING ENTITY | VA | STATE THEATRE FOUNDATION INC | RELATED | 0 | 1 | 0.85000 |
| STATE THEATRE MASTER TENANT LLC | |||||||||||
| 311 S MAIN ST | CULPEPER | VA | 22701 | 462348042 | OPERATOR OF THE VENUE | VA | STATE THEATRE FOUNDATION INC | RELATED | 0 | 1 | 0.15600 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 305 E MAIN ST LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 311 S MAIN ST | AddressLine1 |
| City | CULPEPER | City |
| State | VA | State |
| ZIP Code | 22701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383901761 | EIN |
| Primary Activity | PROPERTY MANAGEMENT | PrimaryActivity |
| Legal Domicile State | VA | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATE THEATRE FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |