Footlighters FY2024 filing

Tax-deductible

Newport, KY501(c)(3)Arts & CultureEIN 31-6060705Revenue $190K in FY2024

On file with the IRSfootlighters.org802 York St, 41071-1823 · Newport, KYTax-exempt since Mar 1966Publicly supported — 509(a)(2)

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Promotion of the fine arts

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $2K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$38K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 17 voting members
Concern: none of 17 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$190K
+8% vs prior year
Spent
$170K
To programs
99%
Net assets
$592K
By yearFY2021–FY2025
Revenue
$190K
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$24K
FY2022$107K
FY2023$176K
FY2024$190K
FY2025$190K
Expenses
$170K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2021$76K
FY2022$111K
FY2023$148K
FY2024$170K
FY2025$174K
Net assets
$592K
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2021$634K
FY2022$604K
FY2023$661K
FY2024$592K
FY2025$666K

From the FY2024 Form 990 (year ending July 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1966.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $169K Management & general 1% · $950

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 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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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

Footlighters is an arts and culture nonprofit based in Newport, KY.

Questions for Footlighters

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Provided by the organization

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1 program · $169K · in their own filed words · FY2023
01

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

$169Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$190K
Ln 12
Fees for servicesLn 2g$172K
Gifts and grantsLn 1h$12K
Other incomeLn 4–11$4K
Money outPt IX
$170K
Ln 25
Programscol B$169K
Managementcol C$950
Owns and owesPt X
$592K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$630K
LiabilitiesLn 26$38K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Fees for servicesLn 2g$172K
Investment incomeLn 3$3K
Other incomeLn 4–11$4K
Total revenueLn 12$190K
Assets in detailPt X, end of year
CashLn 1$55K
SavingsLn 2$81K
Cash and savings togetherLn 1–2$136K
Land, buildings, equipmentLn 10c$472K
Total assetsLn 16$630K
LiabilitiesLn 26$38K
Net assetsLn 32$592K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJuly
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 FY24End FY24
Cash and savingsLn 1–2$112K$136K
Land, buildings, equipmentLn 10c$544K$472K
Total assetsLn 16$674K$630K
LiabilitiesLn 26$13K$38K
Net assetsLn 32$661K$592K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$950$0$950$0
Other fees for servicesLn 11g$12K$12K$0$0
Advertising and promotionLn 12$2K$2K$0$0
RoyaltiesLn 15$17K$17K$0$0
OccupancyLn 16$53K$53K$0$0
Conferences, conventions and meetingsLn 19$1K$1K$0$0
Depreciation, depletion and amortizationLn 22$36K$36K$0$0
Other expenses (24a–d)Ln 24$47K$47K$0$0
All other expensesLn 24e$302$302$0$0
Total functional expensesLn 25$170K$169K$950$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $190K$174K$16K$666K 990 PDF
FY2024 Viewing $190K$170K$20K$592K 990 PDF
FY2023 $176K$148K$28K$661K 990 PDF
FY2022 $107K$111K−$4K$604K 990 PDF
FY2021 $24K$76K−$52K$634K 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 FY2024 990 (6 parts)
Part I · Summary $190,324 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,985$12,124
I-9 Program service revenuePrior year $156,420$171,582
I-10 Investment incomePrior year $3$2,978
I-11 Other revenuePrior year $4,710$3,640
I-12 Total revenuePrior year $176,118$190,324
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $148,378$170,394
I-18 Total expensesPrior year $148,378$170,394
I-19 Revenue less expensesPrior year $27,740$19,930
Part VI · Governance 0 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members0
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 $190,324 across 6 lines filed
VIII-1f All other contributions, gifts and grants$12,124
VIII-1h Total contributions, gifts and grants$12,124
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$171,582
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$2,978
VIII-6 Net rental income or lossRelated to mission $3,640$3,640
VIII-12 Total revenueRelated to mission $178,200 · Unrelated business $0 · Excluded from tax $0$190,324
Part IX · Statement of functional expenses $170,394 across 9 lines filed
IX-11c Accounting feesPrograms $0 · Management $950 · Fundraising $0$950
IX-11g Other fees for servicesPrograms $12,090 · Management $0 · Fundraising $0$12,090
IX-12 Advertising and promotionPrograms $2,312 · Management $0 · Fundraising $0$2,312
IX-15 RoyaltiesPrograms $17,015 · Management $0 · Fundraising $0$17,015
IX-16 OccupancyPrograms $53,424 · Management $0 · Fundraising $0$53,424
IX-19 Conferences, conventions and meetingsPrograms $1,117 · Management $0 · Fundraising $0$1,117
IX-22 Depreciation, depletion and amortizationPrograms $36,400 · Management $0 · Fundraising $0$36,400
IX-24 Other expenses (24a–d)Programs $46,784 · Management $0 · Fundraising $0$46,784
IX-24e All other expensesPrograms $302 · Management $0 · Fundraising $0$302
IX-25 Total functional expensesPrograms $169,444 · Management $950 · Fundraising $0$170,394
Part X · Balance sheet $629,996 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $84,752$55,371
X-2 Savings and temporary cash investmentsStart of year $27,741$80,719
X-4 Accounts receivableStart of year $0$841
X-9 Prepaid expenses and deferred chargesStart of year $17,202$21,508
X-10c Land, buildings and equipment, netStart of year $544,013$471,557
X-16 Total assetsStart of year $673,708$629,996
X-17 Accounts payable and accrued expensesStart of year $12,859$37,627
X-26 Total liabilitiesStart of year $12,859$37,627
X-32 Total net assets or fund balancesStart of year $660,849$592,369
X-33 Total liabilities and net assetsStart of year $673,708$629,996
Part XI · Reconciliation of net assets $592,369 net assets at year end
XI-1 Total revenue$190,324
XI-2 Total expenses$170,394
XI-3 Revenue less expenses$19,930
XI-4 Net assets at start of year$660,849
XI-9 Other changes in net assets−$88,410
XI-10 Net assets at end of year$592,369

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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