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Save The Grand Theatre Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030405779 ✦ Frankfort, KY ✦ Designated as a 501(c)(3)

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Overview

What is Save The Grand Theatre Inc?

Save The Grand Theatre Inc, operating under the name Grand Theatre-Frankfort, is a nonprofit organization situated in Frankfort, Kentucky. Their primary mission is to renovate and restore a historic movie theatre into a vibrant cultural hub, offering art and educational programs for the community and wider region. They achieve this goal by raising funds through various sources, including charitable, private, and public donations. Their efforts aim to preserve a piece of local history while simultaneously providing enriching experiences for the community. With a staff of three dedicated individuals, Save The Grand Theatre Inc is committed to breathing new life into this cherished landmark.


Official website here: www.grandtheatrefrankfort.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 69% (Two-Star out of Four Star rating)

Save The Grand Theatre Inc, operating as Grand Theatre-Frankfort, has received a Two-Star rating from Charity Navigator, indicating areas for improvement, particularly in governance and accountability practices. While the organization displays a commendable program expense ratio of 70.20%, which suggests a significant portion of its budget is allocated to its mission-related activities, it lacks independent board members and has not implemented essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy.

The financial health of the organization appears stable, with a liabilities to assets ratio of 28.44%, and it has successfully avoided material diversion of assets. However, the absence of independent oversight raises concerns about the effectiveness of governance, which is critical for maintaining public trust and operational transparency. Additionally, the lack of posted tax forms on its website further limits transparency regarding its financial practices.

Overall, while Save The Grand Theatre Inc shows promise through its program expenditures and financial oversight in certain areas, the deficiencies in board independence and key policies could hinder its effectiveness and accountability in the long term. Addressing these issues may help improve its rating and enhance stakeholder confidence.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Save The Grand Theatre Inc?

80% of 771 reviewers on Facebook recommend Save The Grand Theatre Inc. Here is a summary of their reviews:

Many patrons express their appreciation for the annual Children's summer series, highlighting its simplicity and impressiveness. One user noted that the experience shared with family, particularly their granddaughter, made the event particularly memorable.

Overall, the sentiment indicates that the nonprofit successfully delivers enjoyable experiences, though there is a desire for greater community engagement and attendance from local residents. The consistent praise for their programming suggests that the theatre plays an important role in bringing arts to families.


This AI summary has been generated from reviews found on Facebook.

Is Save The Grand Theatre Inc legitimate?

Save The Grand Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Save The Grand Theatre Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,961

For more financial information, click here


Official website here: www.grandtheatrefrankfort.org

What is the mission statement of Save The Grand Theatre Inc?

Save The Grand Theatre Inc, operating as the Grand Theatre-Frankfort, aims to restore and renovate a historic movie theater into a community hub for arts and educational programs. The organization raises funds from various sources, including charitable, private, and public contributions, to achieve this goal. By transforming the theater, they aim to provide a venue where the community can engage in artistic and educational projects and programs. The renovated theater will serve as a valuable resource, enriching the local culture and fostering community engagement.


Official website here: www.grandtheatrefrankfort.org

Who is the CEO of Save The Grand Theatre Inc?

William H Cull is the President/Direc of Save The Grand Theatre Inc.


Official website here: www.grandtheatrefrankfort.org

What is the revenue of Save The Grand Theatre Inc?

Save The Grand Theatre Inc's revenue in 2023 was $789,224.


Official website here: www.grandtheatrefrankfort.org

Who are the executives of Save The Grand Theatre Inc and what are their salaries?

The average compensation at Save The Grand Theatre Inc during 2023 was $24,987. There are 3 employees at Save The Grand Theatre Inc.


Here are 10 key members and their salaries:


William H Cull (President/Direc)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Albro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fontaine Banks Iii (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raven Turner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Fields (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Renshaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Wooldridge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Ellis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Hampton Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melanie Van Houten (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.grandtheatrefrankfort.org

Where can I find the form 990 for Save The Grand Theatre Inc?

Save The Grand Theatre Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.grandtheatrefrankfort.org

Learn more at the official website: www.grandtheatrefrankfort.org

Mission Statement of Save The Grand Theatre Inc

Save The Grand Theatre Inc, also known as Grand Theatre-Frankfort, is dedicated to restoring a historic movie theatre into a vibrant venue for artistic and educational projects and programs. This nonprofit organization raises funds from various sources, including charitable, private, and public donations, to achieve this mission. Their purpose is to breathe new life into an old movie theatre, transforming it into a community space that fosters creativity and learning. By renovating this iconic landmark, Save The Grand Theatre Inc aims to contribute to the cultural enrichment of the area and provide a space where local artists and learners can thrive.

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Impact




July, 2024

Save The Grand Theatre, Inc., also known as the Grand Theatre-Frankfort, has a significant impact on the community and region of Frankfort, Kentucky. The organization's mission is to renovate and restore a historic moving picture theatre into a venue for art and education programs.

By providing a space for cultural and educational events, Save The Grand Theatre Inc Dba Grand Theatre-Frankfort contributes to the enrichment of the community. Through fundraising efforts that involve charitable, private, and public sources, the organization is able to support its mission of preserving this historical venue for the benefit of the public.

Overall, Save The Grand Theatre Inc Dba Grand Theatre-Frankfort plays a crucial role in preserving local heritage, fostering artistic expression, and enhancing educational opportunities in the Frankfort area.




This information is meant to be a general summary of Save The Grand Theatre Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$789,224 (2023)
Expenses
$595,199 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $23,496
  • Program Service Revenue: $291,002
  • Gross Receipts: $789,224

Assets and Liabilities:

  • Total Assets: $4,985,138
  • Total Liabilities: $1,417,912
  • Net Assets: $3,567,226

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONCESSION

Revenue

$22,388

EVENT INCOME

Revenue

$211,195

SEASON SUSCRIPTIONS

Revenue

$6,690

SPONSORSHIP

Revenue

$37,125

THEATRE RENT-EVENTS

Revenue

$13,604

Organization Details

Founding Year

2002

Principal Officer

William H Cull

Main Address

210 WASHINGTON STREET, FRANKFORT, KY, 40601

NTEE Category

Code: A61 - Arts

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