Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1989.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
11 people listed on the 990; $1K paid to officers and key staff.
Shawn Clerkin’s $1K as Board Member is at the 1st percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
See Academy Theatre Foundation executive salaries →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 15aYes
Programs and updates
Operates a theater providing cultural, educational, and civic events for the community.
Questions for Academy Theatre Foundation
Your first name shows with your question. Academy Theatre Foundation answers here, for everyone.
The organization operates a theater to provide cultural, educational and civic events for the community.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $11K | $11K | $9K | $10K | $10K |
| SpentLn 1d–1f | $130 | $117 | $111 | $134 | $107 |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $427K | $511K |
| InvestmentsLn 11–13 | $394K | $436K |
| Land, buildings, equipmentLn 10c | $541K | $565K |
| Total assetsLn 16 | $1.4M | $1.6M |
| LiabilitiesLn 26 | $37K | $58K |
| Net assetsLn 32 | $1.4M | $1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $127K | $127K | ||
| Payroll taxesLn 10 | $10K | $10K | ||
| Accounting feesLn 11c | $38K | $38K | ||
| Investment management feesLn 11f | $130 | $130 | ||
| Other fees for servicesLn 11g | $32K | $32K | ||
| Advertising and promotionLn 12 | $18K | $18K | ||
| Office expensesLn 13 | $5K | $4K | $199 | |
| OccupancyLn 16 | $21K | $21K | ||
| Depreciation, depletion and amortizationLn 22 | $77K | $77K | ||
| InsuranceLn 23 | $10K | $9K | $898 | |
| Other expenses (24a–d)Ln 24 | $172K | $172K | ||
| All other expensesLn 24e | $5K | $5K | ||
| Total functional expensesLn 25 | $515K | $471K | $43K | $199 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Mar 13, 2026 | $595K | $515K | $80K | $1.5M | 990 PDF |
| FY2024Filed with the IRS Mar 12, 2025 | $554K | $515K | $39K | $1.4M | 990 PDF |
| FY2023Filed with the IRS Jan 16, 2024 | $547K | $403K | $145K | $1.3M | 990 PDF |
| FY2022Filed with the IRS Mar 15, 2023 | $536K | $311K | $225K | $1.2M | 990 PDF |
| FY2021Filed with the IRS Jul 20, 2021 | $251K | $127K | $124K | $946K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $594,969 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 2 to look at
Part VIII · Statement of revenue $594,969 across 12 lines filed
Part IX · Statement of functional expenses $514,715 across 12 lines filed
Part X · Balance sheet $1,560,805 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,502,329 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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