Latchis Arts INC FY2020 filing

Tax-deductible

Brattleboro, VT501(c)(3)Arts & CultureEIN 03-0231573Revenue $145K in FY2020

On file with the IRSlatchis.org50 Main St, 05301-3248 · Brattleboro, VTTax-exempt since Apr 1976Publicly supported — 509(a)(2)

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Renovations of Latchis theatre in brattleboro, vermont

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $27K a year · 16% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$227K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$145K
Spent
$139K
To programs
39%
Net assets
$940K
By yearFY2020–FY2025
Revenue
$145K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$145K
FY2021$74K
FY2022$104K
FY2023$278K
FY2024$249K
FY2025$188K
Expenses
$139K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$139K
FY2021$83K
FY2022$97K
FY2023$191K
FY2024$162K
FY2025$204K
Net assets
$940K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$940K
FY2021$1.0M
FY2022$1.1M
FY2023$1.1M
FY2024$1.0M
FY2025$901K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $54K Management & general 60% · $83K Fundraising 2% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Dir.
$0Pt VII · Sec A
President
$0Pt VII · Sec A
VP & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Latchis Arts INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Restores and revitalizes the historic Latchis Theatre for community enjoyment.

Questions for Latchis Arts INC

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Provided by the organization

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1 program · $54K · in their own filed words · FY2019
01

Renovations of latchis theatre in brattleboro, vermont

$54Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$145K
Ln 12
Fees for servicesLn 2g$78K
Gifts and grantsLn 1h$62K
Other incomeLn 4–11$5K
Money outPt IX
$139K
Ln 25
Programscol B$54K
Managementcol C$83K
Fundraisingcol D$2K
Owns and owesPt X
$940K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$1.2M
LiabilitiesLn 26$227K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Fees for servicesLn 2g$78K
Other incomeLn 4–11$5K
Gains on assetsLn 7$0
Total revenueLn 12$145K
Assets in detailPt X, end of year
CashLn 1$47K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$58K
InvestmentsLn 11–13$898K
Land, buildings, equipmentLn 10c$439
Other assetsLn 15$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$227K
Net assetsLn 32$940K
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$54K$58K
InvestmentsLn 11–13$1.1M$898K
Land, buildings, equipmentLn 10c$599$439
Total assetsLn 16$1.4M$1.2M
LiabilitiesLn 26$233K$227K
Net assetsLn 32$1.1M$940K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$31K$31K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$1K$786
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$482$260$222
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$8K$8K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$66K$53K$11K$2K
All other expensesLn 24e$2K$2K$121
Total functional expensesLn 25$139K$54K$83K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $188K$204K−$15K$901K 990 PDF
FY2024 $249K$162K$87K$1.0M 990 PDF
FY2023 $278K$191K$87K$1.1M 990 PDF
FY2022 $104K$97K$6K$1.1M 990 PDF
FY2021 $74K$83K−$10K$1.0M 990 PDF
FY2020 Viewing $145K$139K$6K$940K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $145,425 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $56,994$62,317
I-9 Program service revenuePrior year $54,694$78,093
I-10 Investment incomePrior year $697$0
I-11 Other revenuePrior year $5,609$5,015
I-12 Total revenuePrior year $117,994$145,425
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,054$33,847
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $105,631$105,278
I-18 Total expensesPrior year $112,685$139,125
I-19 Revenue less expensesPrior year $5,309$6,300
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $145,425 across 9 lines filed
Lines not itemized here account for −$235 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$62,317
VIII-1h Total contributions, gifts and grants$62,317
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $78,093$78,093
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $5,250$5,250
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $78,093 · Excluded from tax $5,015$145,425
Part IX · Statement of functional expenses $139,125 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $31,147$31,147
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $2,700$2,700
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,108$4,108
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,131 · Management $786$1,917
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $260 · Management $222$482
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $8,017$8,017
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $22,184$22,184
IX-23 InsuranceManagement $1,243$1,243
IX-24 Other expenses (24a–d)Programs $52,506 · Management $10,877 · Fundraising $2,217$65,600
IX-24e All other expensesManagement $1,606 · Fundraising $121$1,727
IX-25 Total functional expensesPrograms $53,897 · Management $82,890 · Fundraising $2,338$139,125
Part X · Balance sheet $1,166,742 assets, 20 lines filed
Asset lines not itemized here account for $25,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $27,456$47,305
X-2 Savings and temporary cash investmentsStart of year $26,790$10,299
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $8,818$9,204
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $599$439
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $1,092,784$898,304
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $198,215$176,191
X-15 Other assets$0
X-16 Total assetsStart of year $1,364,662$1,166,742
X-17 Accounts payable and accrued expenses$85
X-25 Other liabilities$2
X-26 Total liabilitiesStart of year $232,683$226,918
X-27 Net assets without donor restrictionsStart of year $1,126,834$934,679
X-28 Net assets with donor restrictionsStart of year $5,145$5,145
X-32 Total net assets or fund balancesStart of year $1,131,979$939,824
X-33 Total liabilities and net assetsStart of year $1,364,662$1,166,742
Part XI · Reconciliation of net assets $939,824 net assets at year end
XI-1 Total revenue$145,425
XI-2 Total expenses$139,125
XI-3 Revenue less expenses$6,300
XI-4 Net assets at start of year$1,131,979
XI-9 Other changes in net assets−$198,455
XI-10 Net assets at end of year$939,824

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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