Augusta Colonial Theater
Legal name: Colonial Theater Inc
Nonprofit profile at a glance
- EIN
- 272159587
- IRS 990 coverage
- 2017–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025, Form 990-EZ 2016, Form 990-N 2013
- Location
- Augusta, ME, US
- Phone
- (207) 209-3525
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Historical Societies & Historic Preservation
Reported finances
- Revenue
- $192,446
- Expenses
- $141,817
- Assets
- $1,560,364
- Liabilities
- $167,140
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- CATHY MILOJEVIC-KAEY (EXECUTIVE DIRECTOR)
Highest reported compensation
- CATHY MILOJEVIC-KAEY (EXECUTIVE DIRECTOR): $67,303 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
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 2025
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
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.5%; rating input score 73
- Program expense ratio: 99.7%; 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; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 26.3%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 11; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 47.5%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 23.5% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 12.7% per year; rating input score 100; 70th 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: 73.5% of revenue deployed · 99.7% of spending went to programs
- Governance: 9 of 9 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $141K in reported program spending
- Leadership: top reported pay $67K · 10 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 8 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.