Meigs Theatre Foundation Inc
Nonprofit profile at a glance
- EIN
- 844058375
- IRS 990-EZ coverage
- 2023–2023
- Forms available
- Form 990-EZ 2023
- Location
- Decatur, TN, USA
- Phone
- 4235062612
- Rating
- 40
- Verdict
- MIXED
- Rating confidence
- Limited
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $100,100
- Expenses
- $0
- Assets
- $100,100
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
2 people listed
People named in this filing
- George Thomas (Director)
- Sandra Hood (Secretary - 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
Mission I - The preservation and restoration of the Historic Meigs Theatre, its rural character, heritage and the orderly growth and development of the Town of Decatur, and County of Meigs, Tennessee. Mission II - To promote the visual, literary, and performing arts through awareness, participation, education, via recorded, virtual and live events. The Foundation will work towards the attainment of these objectives through educational programs and publications, through research into the Theatre's history, acquisition of materials pertaining to all aspects of its history and will cooperate with historical societies and other agencies promoting compatible.
What it reported doing in 2023
In 2023 we continued the restoration of the physical structure of the Theatre. We had Board of Directors meetings, engineering reviews of proposed building modifications, and elected officers. We opened our bank account in late 2023 upon agreement by the Board of Directors.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 9
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
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: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.