Embassy Theatre Foundation, Inc.
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Embassy Theatre Foundation, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
The Embassy Theatre enriches the cultural life of the region by providing a wide range of arts and entertainment experiences in a historic venue.
Year, State Incorporated:
1972, IN
Also Known As:
Audiences Unlimited
Theatre
For the year ended June 30, 2024, Embassy Theatre Foundation, Inc.'s program expenses were:
Programs: $4,584,776
Total Program Expenses: $4,584,776
Chief Executive
Kelly Updike, President/CEO
Compensation*
$159,200
Chair of the Board
Walter Thomas Smith, Dean
Chair's Profession / Business Affiliation
Manchester University
Board Size
16
Paid Staff Size
31
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Direct mail appeals, Door-to-door solicitation, Special events, Grant proposals, Radio
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Embassy Theatre Foundation, Inc.'s audited financial statements for the year ended June 30, 2024.
Source of Funds
| Contributions and Grants | $437,651 |
| In-Kind Contributions | $61,396 |
| Sponsorships | $52,850 |
| Investment Income | $392,222 |
| Government Grants | $260,000 |
| Special Events | $732,344 |
| Memberships | $87,745 |
| Earned Revenue | $2,709,918 |
| Total Income | $4,734,126 |
Programs: 83% Fundraising: 5% Administrative: 12%
| Total Income | $4,734,126 |
| Total expenses: | $5,546,721 |
| Program expenses | $4,584,776 |
| Fundraising expenses | $295,183 |
| Administrative expenses | $666,762 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-812,595 |
| Beginning Net Assets | $17,729,356 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $16,916,761 |
| Total Liabilities | $1,226,534 |
| Total Assets | $18,143,295 |
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Standards Not Met
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Review in Progress
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Report completed by:
BBB Serving Northern Indiana