THE TIVOLI THEATRE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE TIVOLI THEATRE FOUNDATION INC

EIN 47-4405861 · Performing Arts (A60)

What they do

THE CORPORATION SHALL, BY ITSELF or IN AFFILIATION WITH OTHER ENTITIES, OWN, HOLD, LEASE, OPERATE, MAINTAIN, RENOVATE, and IMPROVE CERTAIN REAL PROPERTY KNOWN AS THE TIVOLI THEATRE, THE SOLDIERS & SAILORS MEMORIAL AUDITORIUM, INCLUDING THE ROBERT KIRK WALKER COMMUNITY THEATRE, and THE TIVOLI CENTER (COLLECTIVELY, THE "VENUES") LOCATED IN CHATTANOOGA, TENNESSEE, IN ORDER to (A) to PROVIDE PERFORMING ARTS VENUES for THE COMMUNITY and OTHER ENTITIES and INDIVIDUALS for ARTISTIC and EDUCATIONAL ACTIVITIES; (B) to PRESERVE and RESTORE THE VENUES AS HISTORICAL LANDMARKS, IF APPROPRIATE; (C) to LEASE THE TIVOLI CENTER (OR PARTS THEREOF) to THIRD PARTIES and OTHER CHARITABLE ORGANIZATIONS IN SUPPORT of THE CORPORATIONS MISSION; and (D) to PROVIDE THE GENERAL PUBLIC WITH A GREATER AWARENESS, APPRECIATION, and UNDERSTANDING of THE THEATRICAL and PERFORMING ARTS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

77.28%of revenue went to mission work95.8% of expenses · Program services

1.51%of revenue went to fundraising1.9% of expenses

$80.65spent for every $100 of revenueRevenue covered expenses this year.

1.85%of revenue went to management and office costs2.3% of expenses

$2.31in assets for every $1 spent this yearSome assets cannot be spent right away.

17.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $319,843 for NICHOLAS A WILKINSON (EXECUTIVE DIRECTOR CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$20,130,750

Mission workProgram services$15,557,26977.28% of revenue95.8% of expenses

ManagementOffice and general costs$372,7251.85% of revenue2.3% of expenses

FundraisingAsking for donations$304,7971.51% of revenue1.9% of expenses

Revenue left after expensesReported annual surplus$3,895,95919.35% of revenueShown in gray on the chart

Total expenses$16,234,79180.65% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.8% mission · 2.3% management · 1.9% fundraisingTotal expenses: 80.65% of revenue

2023Expense mix: 94.9% mission · 3.0% management · 2.1% fundraisingTotal expenses: 78.35% of revenue

2022Expense mix: 95.6% mission · 2.6% management · 1.8% fundraisingTotal expenses: 70.38% of revenue

2021Expense mix: 96.0% mission · 2.7% management · 1.3% fundraisingTotal expenses: 50.01% of revenue

2020Expense mix: 92.1% mission · 5.4% management · 2.6% fundraisingTotal expenses: 74.35% of revenue

2019Expense mix: 98.2% mission · 1.4% management · 0.4% fundraisingTotal expenses: 97.73% of revenue

Money in and money out

Revenue$20,130,750

Expenses$16,234,791

Annual surplus $3,895,959 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$15,557,269 · 95.8% of expenses

Management and office costs$372,725 · 2.3% of expenses

Fundraising$304,797 · 1.9% of expenses

See all reported dollar amounts

Revenue$20,130,750

Expenses$16,234,791

Assets$37,508,203

Income$20,797,313

Contributions$3,463,335

Mission work (program services)$15,557,269

Fundraising$304,797

Grants given$7,105

Average grant$7,105

Management and general$372,725

Accounting fees$50,044

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

NICHOLAS A WILKINSONEXECUTIVE DIRECTOR CEO · 40 hrs/week $319,843Base $307,541 · Other $12,302

DAVID R HOLSCHERCOO-BOOKING/PROJECT MANAGER · 40 hrs/week $261,085Base $232,685 · Other $28,400

COURTNEY E KEENECOO-EVENTS/OPERATIONS · 40 hrs/week $204,861Base $179,263 · Other $25,598

SARA M WILLIAMSCFO · 24 hrs/week $138,917Base $133,574 · Other $5,343

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

NICHOLAS A WILKINSONEXECUTIVE DIRECTOR CEO

DAVID R HOLSCHERCOO-BOOKING/PROJECT MANAGER

COURTNEY E KEENECOO-EVENTS/OPERATIONS

SARA M WILLIAMSCFO

JERRY MITCHELLDIRECTOR

W KEITH SANFORDCHAIR

TRAVIS MCDONOUGHDIRECTOR

TOM MONTAGUEDIRECTOR

SUSAN RICHSECRETARY

STEVE ZABELDIRECTOR

SHALIN TEJANIDIRECTOR

ROY VAUGHNDIRECTOR

LAURA SCOREYDIRECTOR

KELLY LEDFORDDIRECTOR

JUSTIN ROBERTSONDIRECTOR

JULIA BURSCHDIRECTOR

ANDY MULDOONVICE CHAIR

JARVIS DAVENPORTDIRECTOR

HENRY ALDRIDGE PHDDIRECTOR

DR KELLY ARNOLDDIRECTOR

DONNA HARRISONDIRECTOR

CAROLINE WALKERDIRECTOR

CAROL SEALTREASURER

CARMEN DAVISDIRECTOR

BYRON KELLYDIRECTOR

BRENT GOLDBERGEXECUTIVE COMMITTEE MEMBER

BOB MCKENZIEEXECUTIVE COMMITTEE MEMBER

About this charity

Recognized since: January 2015
Location: 399 MCCALLIE AVE, CHATTANOOGA, TN 37402-2008
County: Hamilton
In care of: % KEITH SANFORD
Primary officer: CAROL SEAL, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(423) 757-5580

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: JOHNSON MURPHEY & WRIGHT PC
NTEE classification: Performing Arts (A60)
IRS tax category: Performing Arts
Grant-giving organization: Yes