Foundry Theater Inc
Nonprofit profile at a glance
- EIN
- 872383367
- IRS 990-EZ coverage
- 2021–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2021
- Location
- Huntington, WV, USA
- Phone
- 3049630690
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $133,786
- Expenses
- $94,880
- Assets
- $45,025
- Liabilities
- $160
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- CORY DENNISON (PRESIDENT)
People named in this filing
- CORY DENNISON (PRESIDENT)
- MICHAEL VALENTINE (VICE PRESIDE)
- PATRICK WOODWARD II (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To serve the public as a presenter of arts and entertainment for family audiences, to promote the arts and create a hub for creatives of the underservered appalachian region and to provide educational arts programming for the public and for area schools.
Operating model
- Revenue model
- Earned-program. 81% 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.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 100
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53.8%; rating input score 54
- Program expense ratio: 75.8%; rating input score 76
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 29.1%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 35.8% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 25.8% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 108.1% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 53.8% of revenue deployed · 75.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $72K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2021 to 2023
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.