FRIENDS OF KENTUCKY THEATRE Charity Report

Public IRS 990 nonprofit record

FRIENDS OF KENTUCKY THEATRE

EIN 87-2882616 · Federated Giving Programs (T70)

What they do

The Kentucky Theatre is A Historic Building In Downtown Lexington, KY, That Had Fallen Into Disuse and Disrepair. Purchased By The City of Lexington, The Friends of The Kentucky Theatre Inc is A Nonprofit Tasked With Overseeing The Restoration, Maintenance, Operation, and Future Expansion of The Theater In A Public-private Partnership With The Lexington Fayette Urban County Government. The Theater is Used By The City, By Nonprofits & NGOs, and By The Public for A Myriad of Local Programs, Live Events, Artists & Entertainers, Including Offering Modern & Classic Films, Locally Written & Produced Films, Historical and Other Specialty Films Not Available In Commercial Theatres, As Well As Film School Partnerships With Students & Faculty At The University of Kentucky. The Restoration and Maintenance of The Historical Landmark Property, Over 100 Years Old, is An Ongoing Labor of Love.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.20 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 leaders9 people are listed in the latest report.

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

Money made simple

93.16%of revenue went to mission work93.2% of expenses · Program services

1.37%of revenue went to fundraising1.4% of expenses

$100.00spent for every $100 of revenueSpending was higher than revenue this year.

5.47%of revenue went to management and office costs5.5% of expenses

$0.21in assets for every $1 spent this yearSome assets cannot be spent right away.

7.5%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.

Worth asking: Expenses exceeded revenue by $5 this year. Ask whether that was planned or caused by a one-time event.

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$1,720,867

Mission workProgram services$1,603,22093.16% of revenue93.2% of expenses

ManagementOffice and general costs$94,0945.47% of revenue5.5% of expenses

FundraisingAsking for donations$23,5581.37% of revenue1.4% of expenses

Total expenses$1,720,872100.00% 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: 93.2% mission · 5.5% management · 1.4% fundraisingTotal expenses: 100.00% of revenue

2023Expense mix: 94.1% mission · 4.9% management · 1.0% fundraisingTotal expenses: 89.10% of revenue

2022Expense mix: 91.1% mission · 5.6% management · 3.3% fundraisingTotal expenses: 90.71% of revenue

Money in and money out

Revenue$1,720,867

Expenses$1,720,872

Annual shortfall $5 Expenses were higher than revenue 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)$1,603,220 · 93.2% of expenses

Management and office costs$94,094 · 5.5% of expenses

Fundraising$23,558 · 1.4% of expenses

See all reported dollar amounts

Revenue$1,720,867

Expenses$1,720,872

Assets$366,146

Income$1,809,109

Contributions$129,633

Mission work (program services)$1,603,220

Fundraising$23,558

Management and general$94,094

Accounting fees$14,043

Investing fees$118

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (9)

ANITA COURTNEYSECRETARY

ASHISH PATELDIRECTOR

BEVERLY FORTUNEDIRECTOR

BRADFORD QUEENTREASURER

CELESTE LEWISDIRECTOR

EDD MACKEYDIRECTOR

LISA MEEKBOARD CHAIR

MAUREEN PETERSDIRECTOR

STEPHANIE FITCHDIRECTOR

About this charity

Recognized since: January 2022
Location: 214 E MAIN ST, LEXINGTON, KY 40507-1310
County: Fayette
In care of: % LISA MEEK
Primary officer: Hayward Wilkirson, Executive Director

How to reach them

WebsiteVisit the charity’s website Emailinfo@kentuckytheatre.org Phone(859) 231-6997 Officer phone(859) 940-6977

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BOURNE BOOKKEEPING & ADMIN SRVCS
NTEE classification: Federated Giving Programs (T70)
IRS tax category: Federated Giving Programs