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.
95¢ of each $1 spent went to programs.
$100K 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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FY2022 · 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.8 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
$492K
11% of total assets
Looks good: liabilities are 11% 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
$1.2M
-14% vs prior year
Spent
$912K
To programs
95%
Net assets
$3.8M
By yearFY2020–FY2024
Revenue
$1.2M
FY2022▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$1.4M
FY2022$1.2M
FY2023$841K
FY2024$863K
Expenses
$912K
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$295K
FY2021$795K
FY2022$912K
FY2023$1.0M
FY2024$996K
Net assets
$3.8M
FY2022▲ +7%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

95 cents of each dollar spent went to programs.

Program services 95% · $865K Management & general 3% · $28K Fundraising 2% · $20K

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; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$58,994Pt VII · Sec A
Chief of Funding
$41,230Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · $865K · in their own filed words · FY2022
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.

$727Kprogram 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.

$138Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$552K
Fees for servicesLn 2g$547K
Other incomeLn 4–11$68K
Money outPt IX
$912K
Ln 25
Programscol B$865K
Managementcol C$28K
Fundraisingcol D$20K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$213K
Total assetsLn 16$4.3M
LiabilitiesLn 26$492K
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$552K
Government grantsLn 1e$200K
Fees for servicesLn 2g$547K
Investment incomeLn 3$2K
Other incomeLn 4–11$68K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$132K
SavingsLn 2$81K
Cash and savings togetherLn 1–2$213K
Land, buildings, equipmentLn 10c$4.1M
Total assetsLn 16$4.3M
LiabilitiesLn 26$492K
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$121K$213K
Land, buildings, equipmentLn 10c$4.1M$4.1M
Total assetsLn 16$4.3M$4.3M
LiabilitiesLn 26$736K$492K
Net assetsLn 32$3.6M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$51K$6K$6K
Other salaries and wagesLn 7$101K$77K$12K$12K
Payroll taxesLn 10$17K$13K$2K$2K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$249K$249K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$21K$21K
RoyaltiesLn 15$6K$6K
OccupancyLn 16$39K$33K$6K
InterestLn 20$16K$16K
Depreciation, depletion and amortizationLn 22$133K$133K
InsuranceLn 23$26K$25K$1K
Other expenses (24a–d)Ln 24$205K$205K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$912K$865K$28K$20K

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 Viewing $1.2M$912K$256K$3.8M 990 PDF
FY2021 $1.4M$795K$571K$3.6M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $1,168,533 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $790,354$551,567
I-9 Program service revenuePrior year $529,259$547,154
I-10 Investment incomePrior year $88$1,607
I-11 Other revenuePrior year $46,159$68,205
I-12 Total revenuePrior year $1,365,860$1,168,533
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 $206,734$181,051
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $588,499$731,420
I-18 Total expensesPrior year $795,233$912,471
I-19 Revenue less expensesPrior year $570,627$256,062
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,168,533 across 8 lines filed
VIII-1b Membership dues$22,213
VIII-1e Government grants$200,000
VIII-1f All other contributions, gifts and grants$329,354
VIII-1h Total contributions, gifts and grants$551,567
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $547,154$547,154
VIII-3 Investment incomeExcluded from tax $1,607$1,607
VIII-6 Net rental income or lossRelated to mission $68,205$68,205
VIII-12 Total revenueRelated to mission $615,359 · Unrelated business $0 · Excluded from tax $1,607$1,168,533
Part IX · Statement of functional expenses $912,471 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,554 · Management $6,319 · Fundraising $6,319$63,192
IX-7 Other salaries and wagesPrograms $76,595 · Management $12,284 · Fundraising $12,284$101,163
IX-10 Payroll taxesPrograms $13,356 · Management $1,670 · Fundraising $1,670$16,696
IX-11c Accounting feesPrograms $14,154$14,154
IX-11g Other fees for servicesPrograms $249,171$249,171
IX-12 Advertising and promotionPrograms $18,497$18,497
IX-13 Office expensesPrograms $21,163$21,163
IX-15 RoyaltiesPrograms $6,303$6,303
IX-16 OccupancyPrograms $32,931 · Management $6,274$39,205
IX-20 InterestPrograms $15,559$15,559
IX-22 Depreciation, depletion and amortizationPrograms $132,545$132,545
IX-23 InsurancePrograms $24,708 · Management $1,097$25,805
IX-24 Other expenses (24a–d)Programs $205,350$205,350
IX-24e All other expensesPrograms $3,668$3,668
IX-25 Total functional expensesPrograms $864,554 · Management $27,644 · Fundraising $20,273$912,471
Part X · Balance sheet $4,327,203 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $34,247$132,170
X-2 Savings and temporary cash investmentsStart of year $86,405$80,715
X-4 Accounts receivableStart of year $37,850$11,568
X-8 Inventories for sale or useStart of year $6,638$6,638
X-10c Land, buildings and equipment, netStart of year $4,149,941$4,096,112
X-16 Total assetsStart of year $4,315,081$4,327,203
X-19 Deferred revenueStart of year $13,513$9,845
X-25 Other liabilitiesStart of year $722,117$481,844
X-26 Total liabilitiesStart of year $735,630$491,689
X-32 Total net assets or fund balancesStart of year $3,579,451$3,835,514
X-33 Total liabilities and net assetsStart of year $4,315,081$4,327,203
Part XI · Reconciliation of net assets $3,835,514 net assets at year end
XI-1 Total revenue$1,168,533
XI-2 Total expenses$912,471
XI-3 Revenue less expenses$256,062
XI-4 Net assets at start of year$3,579,451
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,835,514

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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