Overview
What is Phoenix Theatre Building Corporation?
Phoenix Theatre Building Corporation is a nonprofit organization situated in Indianapolis, Indiana, specifically at 705 N Illinois Street. Its primary role is to manage and hold title to both real and personal property, primarily benefiting Phoenix Theatre Inc. The organization aims to distribute any surplus income beyond expenses and debt service to Phoenix Theatre Inc. Additionally, it supports Phoenix Theatre Inc. in fostering economic growth within Marion County, Indiana. This is achieved by using the managed property and its income to contribute positively to the local community.
Is Phoenix Theatre Building Corporation legitimate?
Phoenix Theatre Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Phoenix Theatre Building Corporation 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.
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What is the mission statement of Phoenix Theatre Building Corporation?
The Phoenix Theatre Building Corporation's primary role is to manage both real and personal property for the benefit of Phoenix Theatre Inc. Its primary objective is to distribute any net income surplus beyond expenses and debt service to Phoenix Theatre Inc. Additionally, the corporation assists Phoenix Theatre Inc. in promoting economic growth in its respective area. By doing so, it contributes to the overall development of the organization and its related initiatives.
Who is the CEO of Phoenix Theatre Building Corporation?
James Shook is the Director of Phoenix Theatre Building Corporation.
What is the revenue of Phoenix Theatre Building Corporation?
Phoenix Theatre Building Corporation's revenue in 2022 was $200,027.
Who are the executives of Phoenix Theatre Building Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Phoenix Theatre Building Corporation?
Phoenix Theatre Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phoenix Theatre Building Corporation
Phoenix Theatre Building Corporation serves a crucial role in managing and overseeing both real and personal property, acting as a benefactor for Phoenix Theatre Inc. The primary objective of Phoenix Theatre Building Corporation is to distribute any net income beyond expenses and debt service to Phoenix Theatre Inc., while simultaneously aiding its partner in promoting economic growth in Marion County, Indiana. The corporation's mission is multifaceted, involving not only property management but also providing financial support and fostering economic development for Phoenix Theatre Inc. In essence, Phoenix Theatre Building Corporation acts as a financial and property steward for Phoenix Theatre Inc., contributing to its overall success and the broader economic landscape of Marion County, Indiana.
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Impact
October, 2024
Phoenix Theatre Building Corporation plays a crucial role in supporting the vibrant arts scene in Indianapolis. By managing real and personal property, the corporation ensures that the Phoenix Theatre, a vital cultural entity, has the resources necessary to thrive. This management facilitates the distribution of net income generated from these properties, which in turn supports the theatre's operational and artistic initiatives.
In addition to directly benefiting the Phoenix Theatre, the corporation's efforts contribute to the broader economic growth of Marion County, Indiana. By fostering a thriving arts community, the organization enhances local tourism, creates jobs, and bolsters the economy. The presence of the Phoenix Theatre also enriches the cultural fabric of the community, making it a more attractive place for residents and visitors alike.
Through its commitment to community improvement, Phoenix Theatre Building Corporation not only elevates the theatre's mission but also plays a significant role in the overall development and enhancement of the Indianapolis arts landscape.
This information is meant to be a general summary of Phoenix Theatre Building Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27
- Program Service Revenue: $200,000
- Gross Receipts: $200,027
Assets and Liabilities:
- Total Assets: $10,071,425
- Total Liabilities: $9,700,000
- Net Assets: $371,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE RENT R
Revenue
$200,000
Organization Details
Founding Year
2018
Phone
(317) 543-3500Principal Officer
James Shook
Main Address
705 N ILLINOIS STREET, INDIANAPOLIS, IN, 46204
NTEE Category
Code: S47 - Community improvement
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