Augusta Colonial Theater

Legal name: Colonial Theater Inc

Overview

Mission

Our mission is to restore and operate the historic Colonial Theater in downtown Augusta, Maine, as an arts and cultural center for the artistic, educational, and charitable benefit of the community.

What it reported doing in 2024

To restore and operate the historic colonial theater. Over the course of a few years, colonial theater, inc. Has accomplished the following to help secure the integrity of the theater for future work, and ensure success in fundraising efforts:-employing a consulting firm to conduct a survey to add the colonial theater to the national register of historic places-removal of debris and asbestos-repair and replace damaged flooring-replacing the roof to prevent further damage to the interior-developing a plan with fema to protect the building from flood damage-initiating a structural analysis for the floor-gathering bids for floor and subfloor reconstruction and the replacement of timbers-evaluating electrical, mechanical, structural and civil engineering plans for construction firms to bid on-held specialty events inside the theater-complete historical restoration of facade and lobby-begin interior restoration plans including work towards 50% design drawings-restoration of exterior windows and doors-begin planning for stage expansion and restoration.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
272159587
IRS 990 coverage
2017–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2016, Form 990-N 2013
Headquarters
Augusta, ME, US
Phone
(207) 209-3525
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Historical Societies & Historic Preservation

Official website

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 92
  • Accountability: 68
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 35.3%; rating input score 35
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 64.7%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 14.32; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 55.8%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 25% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 13.9% per year; rating input score 100; 75th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 35.3% of revenue deployed · 100% of spending went to programs
  • Governance: 11 of 11 board members independent · 2 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $109K in reported program spending
  • Leadership: top reported pay $60K · 13 people listed
  • Highest-paid contractors: 1 contractor listed · $207K reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 annual filings from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

13 people listed

Highest reported compensation

  • CATHY MILOJEVIC-KAEY (EXECUTIVE DIRECTOR): $59,792 total reported compensation
  • KATHI WALL (SECRETARY): $761 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.