Arcadia Live will promote vibrant and diverse entertainment while preserving the history and life of downtown kerrville. Arcadia Live is the 501(c)(3) non-profit organization that also does business as kerrvilles 4th on the river.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$103K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $430K a year · 35% 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $296K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
30% of total assets
Looks good: liabilities are 30% 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
$2.0M
Spent
$295K
To programs
92%
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$2.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$1.4M
FY2022$1.2M
FY2023$841K
FY2024$863K
Expenses
$295K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$295K
FY2021$795K
FY2022$912K
FY2023$1.0M
FY2024$996K
Net assets
$3.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.6M
FY2022$3.8M
FY2023$3.6M
FY2024$3.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2011.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $272K Management & general 4% · $12K Fundraising 4% · $11K

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; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,709Pt VII · Sec A
Chief of Funding
$42,154Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Stacie Leporati’s $72K as Executive Director is at the 67th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Stacie Leporati$71,904$69,774$58,994—
Michael Kelliher———$60,709
Meredith Tilley—$51,327$41,230—
Anne Overby———$42,154
Libbie a Horton$32,799———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Promotes vibrant entertainment and preserves local history in downtown Kerrville.

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Provided by the organization

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2 programs · $272K · in their own filed words · FY2020
01

The arcadia theatre will stand as a testament to the history of this beautiful place while contributing to the culture, arts, entertainment, and community that makes kerrville so special.

$248Kprogram expense
02

The arcadia live will offer live entertainment and classic films in the historic arcadia theatre in downtown kerrville and annually produce a free music festival for the 4TH of the july for the citizens of kerrville in the louise hays park on the banks of the guadalupe river.

$24Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$296K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$57K
Other incomeLn 4–11$7K
Money outPt IX
$295K
Ln 25
Programscol B$272K
Managementcol C$12K
Fundraisingcol D$11K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$822K
Noncash giftsLn 1g$6K
Fees for servicesLn 2g$57K
Investment incomeLn 3$764
Other incomeLn 4–11$7K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$37K
Land, buildings, equipmentLn 10c$4.2M
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.3M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderDecember
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$220K$37K
Land, buildings, equipmentLn 10c$1.1M$4.2M
Total assetsLn 16$1.4M$4.3M
LiabilitiesLn 26$0$1.3M
Net assetsLn 32$1.4M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$103K$82K$10K$10K
Other salaries and wagesLn 7$22K$22K
Payroll taxesLn 10$10K$8K$787$786
Legal feesLn 11b$59$59
Accounting feesLn 11c$950$325$625
Other fees for servicesLn 11g$22K$22K
Advertising and promotionLn 12$68$68
Office expensesLn 13$9K$9K$144
OccupancyLn 16$23K$23K
Conferences, conventions and meetingsLn 19$104$104
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$54K$53K$123
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$295K$272K$12K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $863K$996K−$133K$3.5M 990 PDF
FY2023 $841K$1.0M−$199K$3.6M 990 PDF
FY2022 $1.2M$912K$256K$3.8M 990 PDF
FY2021 $1.4M$795K$571K$3.6M 990 PDF
FY2020 Viewing $2.0M$295K$1.7M$3.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,951,832 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $450,521$1,887,196
I-9 Program service revenuePrior year $42,167$56,616
I-10 Investment incomePrior year $566$764
I-11 Other revenuePrior year $0$7,256
I-12 Total revenuePrior year $493,254$1,951,832
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $43,060$134,764
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $134,864$160,307
I-18 Total expensesPrior year $177,924$295,071
I-19 Revenue less expensesPrior year $315,330$1,656,761
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 $1,951,832 across 9 lines filed
VIII-1b Membership dues$90,240
VIII-1e Government grants$821,550
VIII-1f All other contributions, gifts and grants$975,406
VIII-1g Noncash contributions (included above)$5,510
VIII-1h Total contributions, gifts and grants$1,887,196
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $56,616$56,616
VIII-3 Investment incomeExcluded from tax $764$764
VIII-6 Net rental income or lossRelated to mission $7,256$7,256
VIII-12 Total revenueRelated to mission $63,872 · Unrelated business $0 · Excluded from tax $764$1,951,832
Part IX · Statement of functional expenses $295,071 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $82,289 · Management $10,286 · Fundraising $10,286$102,861
IX-7 Other salaries and wagesPrograms $22,327$22,327
IX-10 Payroll taxesPrograms $8,003 · Management $787 · Fundraising $786$9,576
IX-11b Legal feesPrograms $59$59
IX-11c Accounting feesPrograms $325 · Management $625$950
IX-11g Other fees for servicesPrograms $22,107$22,107
IX-12 Advertising and promotionPrograms $68$68
IX-13 Office expensesPrograms $8,981 · Management $144$9,125
IX-16 OccupancyPrograms $22,679$22,679
IX-19 Conferences, conventions and meetingsPrograms $104$104
IX-20 InterestPrograms $11,901$11,901
IX-22 Depreciation, depletion and amortizationPrograms $30,767$30,767
IX-23 InsurancePrograms $7,373$7,373
IX-24 Other expenses (24a–d)Programs $53,386 · Fundraising $123$53,509
IX-24e All other expensesPrograms $1,665$1,665
IX-25 Total functional expensesPrograms $272,034 · Management $11,842 · Fundraising $11,195$295,071
Part X · Balance sheet $4,272,444 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $219,776$34,295
X-2 Savings and temporary cash investments$2,548
X-4 Accounts receivable$44
X-10c Land, buildings and equipment, netStart of year $1,132,287$4,235,557
X-16 Total assetsStart of year $1,352,063$4,272,444
X-17 Accounts payable and accrued expenses$157,375
X-19 Deferred revenue$22,116
X-25 Other liabilitiesStart of year $0$1,084,128
X-26 Total liabilitiesStart of year $0$1,263,619
X-32 Total net assets or fund balancesStart of year $1,352,063$3,008,825
X-33 Total liabilities and net assetsStart of year $1,352,063$4,272,444
Part XI · Reconciliation of net assets $3,008,825 net assets at year end
XI-1 Total revenue$1,951,832
XI-2 Total expenses$295,071
XI-3 Revenue less expenses$1,656,761
XI-4 Net assets at start of year$1,352,063
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,008,825

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

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