Footlighters EIN 31-6060705

Footlighters

EIN  31-6060705 Public charity (501(c)(3)) Newport, KY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
Cathy Lutts · President
Money in and out
$190K revenue, $174K expenses
Bottom line
99% program efficiency

Footlighters is an arts and culture nonprofit based in Newport, KY. For fiscal year 2025 it reported $190K in revenue, $174K in expenses, and $666K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$174K
Pt IX · Ln 25
Net assets
$666K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs0% vs prior filing year
Operating runway
12.2mo
months of highly liquid reserves at operating expense rate▲ +27% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▼ -19% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$190K
FY20250%
Expenses
$174K
FY2025▲ +2%
Total assets
$714K
FY2025▲ +13%
Total liabilities
$48K
FY2025▲ +27%
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$174K
Pt IX · Ln 25
Net assets
$666K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$714K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $172K of program spending, described in the organization's own filed words · FY2024.
01

To create and foster a greater interest in theatre and the arts through production of plays and other fine arts events

$172Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFootlighters
EINHdr · item D31-6060705
Principal addressHdr · item CNewport, KY
WebsiteHdr · item Jwww.footlighters.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A650)
Ruling yearIRS BMFMar 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
VP Admin
$0Pt VII · Sec A
VP Productions
$0Pt VII · Sec A
VP Facilites/Treas
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Footlighters executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$160K · 84%
Contributions & grants$19K · 10%
Other revenue$6K · 3%
Investment income$4K · 2%
Program service revenue84%$160K
Contributions & grants10%$19K
Other revenue3%$6K
Investment income2%$4K
Total revenueLn 12$190K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$172K
Management & general1%$2K
Total functional expensesLn 25$174K

Balance Sheet

Part X · end of year
CashLn 1$177K
Total assetsLn 16$714K
Total liabilitiesLn 26$48K
Total net assetsLn 32$666K
Months of cash on handcomputed12.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $177K · Operating expenses/yr $174K
12.2 months
Where the money goes
Program services
Program services $172K · Total expenses $174K
99%
Management & General
Management & general $2K · Total expenses $174K
1%
Fundraising
Fundraising $0 · Total expenses $174K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $16K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $19K · Total revenue $190K
10%
Government reliance
Government grants — · Total revenue $190K
Earned-income share
Program service revenue $160K · Total revenue $190K
84%
Investment reliance
Investment income $4K · Total revenue $190K
+2%
Program self-sufficiency
Program service revenue $160K · Total expenses $174K
92%
Growth & trend
Revenue growth (YoY)
This year $190K · Prior year $190K
0%
Net-asset trend (YoY)
End of year $666K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $190K · Expenses $174K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $714K
Net-asset ratio
Net assets $666K · Total assets $714K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $714K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cathy Lutts · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $174K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $174K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth -0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$190K revenue · viewing · ⤓ 990 PDF
FY2024$190K revenue · ⤓ 990 PDF
FY2023$176K revenue · ⤓ 990 PDF
FY2022$107K revenue · ⤓ 990 PDF
FY2021$24K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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