Association for the Colonial Theatre

Nonprofit profile at a glance

EIN
232846336
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Phoenixville, PA, USA
Phone
6109171228
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Performing Arts Organizations

Official website

Reported finances

Revenue
$2,242,207
Expenses
$2,209,232
Assets
$7,594,481
Liabilities
$3,394,580

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • JOCELYN S HARRIS (PRESIDENT)
  • SUSAN BERRY-GORELLI (CO-VICE PRESIDENT)
  • MARYLOUISE STERGE (CO-VICE PRESIDENT)
  • JENNIFER CARLSON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JENNIFER CARLSON (EXECUTIVE DIRECTOR): $113,044 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the association for the colonial theatre is to showcase the transformative power of the arts to enrich lives, connect people, and enhance the cultural and economic vitality of phoenixville and surrounding communities.

What it reported doing in 2024

The association maintains the historic colonial theatre. Programs include art and independent films, classic films, programs for young audiences, live concerts, and community events. During the current year:- presented arts and culture programming to over 60,000 ticket holders -- over 35,000 instances of patrons attended film screenings. -- over 20,316 ticket holders attended live concerts and programs. -- over 300 complimentary tickets were redeemed, enabling these patrons the opportunity to enjoy free programming.see additional information on schedule othe colonial theatre provided discounted and free rentals to local nonprofits and community organizations including:- firebird children's theatre - orion communities- citizens advocacy- philadelphia folksong society- chester county lqbt equality alliance- crescendo phoenixville- alianzas de phoenixville- phoenixville area high school- the music depot school- huemanworks (mental health awareness event)the colonial theatre partnered with the following nonprofits to present a film relevant to that organization's mission: - historic trappe- domestic violence center of chester county- phoenixville juneteenth committee- mayfly project- theatre organ society of Delaware valley

Operating model

Revenue model
Earned-program. 61% of the money available for current operations came from fees and other program revenue.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.2%; rating input score 95
  • Program expense ratio: 81.9%; rating input score 82
  • Fundraising efficiency: $4.39 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.5%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 3.44; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 5.1%; rating input score 53; 53rd percentile among comparable filings

Growth

  • Program expense growth: 7.2% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 5% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 95.2% of revenue deployed · 81.9% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $113K · 17 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 14/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Sustainability: Officer compensation ratio scored 53/100.