Legacy Theatre

Tax-deductible

Branford, CT501(c)(3)Arts & CultureEIN 45-2855557Revenue $2.1M in FY2024

On file with the IRSlegacytheatrect.org128 Thimble Islands Rd, 06405-5740 · Branford, CTTax-exempt since Aug 2012Publicly supported charity — 170(b)(1)(A)(vi)

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The Legacy Theatre is a professional theater company that enhances the connecticut shoreline's economy, educational opportunities and quality of life through live theater and related programs.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Run by 4 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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 $175K a year · 12% 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$209K
to officers and key staff · 11% of spending
Top officer’s pay lower than 53% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $679K
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
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
$2.1M
-18% vs prior year
Spent
$1.9M
To programs
62%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$2.1M
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$151K
FY2020$211K
FY2021$1.3M
FY2022$1.2M
FY2023$2.5M
FY2024$2.1M
Expenses
$1.9M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$222K
FY2020$186K
FY2021$1.0M
FY2022$1.5M
FY2023$1.7M
FY2024$1.9M
Net assets
$2.2M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2020$1.2M
FY2021$1.5M
FY2022$1.2M
FY2023$2.0M
FY2024$2.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2012.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $1.2M Management & general 28% · $544K Fundraising 10% · $185K

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

13 people listed on the 990; $209K paid to officers and key staff.

Part VII, Section A · reportable compensation
Former Ex-Officio, MD
$119,500Pt VII · Sec A
Ex-Officio, Artistic Direc
$85,336Pt VII · Sec A
$3,402Pt VII · Sec A
$536Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jeffry Provost’s $120K as Former Ex-Officio, MD is at the 47th percentile of top reported officer pay among 3924 $1–10M 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.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2020
Jeffry Provost$119,500—————
Jeffrey Provost—$90,769————
Keely Knudsen$85,336$89,199————
Keely Baisden Knudsen———$63,852$27,000$52,000
Julianne Alberty——$46,154———
Stephanie Williams$3,402$3,096$2,435$1,800——
James Roday Rodriguez$536—————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Presents live theater and related programs to boost the economy, education, and quality of life.

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Provided by the organization

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2 programs · $1.2M · in their own filed words · FY2024
01

We had a tremendous 2024 season of performances and events. There were 11,394 tickets sold, we hosted 118 ticketed events, had audiences from 34 states and 5 countries. The season highlights include four main stage productions, six family series productions, seven sunday broadway concert series performances, a holiday show and many other…

$1.2Mprogram expense
02

We held various educational programs in 2024. These programs include educational partnerships with surrounding organizations and towns and include individuals of age groups ranging from toddlers to senior citizens. We hosted classes, workshops, intensives, conservatory programs and class field trips.

$27Kprogram 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 · FY2024
See all 16 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$452K
Other incomeLn 4–11$21K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.2M
Managementcol C$544K
Fundraisingcol D$185K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$4.9M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
13
listed · VII A
PaidVII A4
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$37K
Noncash giftsLn 1g$548K
Fundraising eventsLn 1c$41K
Fees for servicesLn 2g$452K
Investment incomeLn 3$5
Other incomeLn 4–11$21K
Gains on assetsLn 7−$34
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$140K
Cash and savings togetherLn 1–2$140K
Land, buildings, equipmentLn 10c$4.8M
Other assetsLn 15$800
Total assetsLn 16$4.9M
LiabilitiesLn 26$2.8M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 511
VolunteersI 64
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 FY24End FY24
Cash and savingsLn 1–2$218K$140K
Land, buildings, equipmentLn 10c$5.1M$4.8M
Total assetsLn 16$5.3M$4.9M
LiabilitiesLn 26$3.3M$2.8M
Net assetsLn 32$2.0M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$209K$127K$60K$22K
Other salaries and wagesLn 7$420K$237K$121K$61K
Other employee benefitsLn 9$16K$16K
Payroll taxesLn 10$60K$34K$18K$8K
Legal feesLn 11b$11K$5K$7K
Accounting feesLn 11c$13K$13K
Professional fundraising feesLn 11e$3K$3K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$87K$46K$28K$13K
Office expensesLn 13$50K$26K$16K$7K
OccupancyLn 16$82K$43K$27K$12K
TravelLn 17$3K$1K$818$377
InterestLn 20$93K$93K
Depreciation, depletion and amortizationLn 22$256K$82K$128K$46K
InsuranceLn 23$26K$14K$8K$4K
Other expenses (24a–d)Ln 24$584K$553K$23K$8K
Total functional expensesLn 25$1.9M$1.2M$544K$185K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.1M$1.9M$162K$2.2M 990 PDF
FY2023 $2.5M$1.7M$821K$2.0M 990 PDF
FY2022 $1.2M$1.5M−$315K$1.2M 990 PDF
FY2021 $1.3M$1.0M$276K$1.5M 990 PDF
FY2020 $151K$222K−$71K$1.2M 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 $2,073,393 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,171,595$1,601,001
I-9 Program service revenuePrior year $1,364,337$451,709
I-10 Investment incomePrior year −$5,232−$29
I-11 Other revenuePrior year −$750$20,712
I-12 Total revenuePrior year $2,529,950$2,073,393
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 $596,133$704,115
I-16a Professional fundraising feesPrior year $1,400$2,850
I-17 Other expensesPrior year $1,111,600$1,204,765
I-18 Total expensesPrior year $1,709,133$1,911,730
I-19 Revenue less expensesPrior year $820,817$161,663
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-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,073,393 across 10 lines filed
Lines not itemized here account for $474 of total revenue; see the IRS return.
VIII-1c Fundraising events$41,471
VIII-1e Government grants$37,135
VIII-1f All other contributions, gifts and grants$1,522,395
VIII-1g Noncash contributions (included above)$547,851
VIII-1h Total contributions, gifts and grants$1,601,001
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $451,709$451,709
VIII-3 Investment incomeRelated to mission $5$5
VIII-7 Net gain or loss on sales of assetsRelated to mission −$34−$34
VIII-8 Net income from fundraising eventsExcluded from tax $20,238$20,238
VIII-12 Total revenueRelated to mission $452,154 · Unrelated business $0 · Excluded from tax $20,238$2,073,393
Part IX · Statement of functional expenses $1,911,730 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $126,859 · Management $59,750 · Fundraising $22,165$208,774
IX-7 Other salaries and wagesPrograms $237,220 · Management $121,370 · Fundraising $61,237$419,827
IX-9 Other employee benefitsPrograms $15,658$15,658
IX-10 Payroll taxesPrograms $34,268 · Management $17,520 · Fundraising $8,068$59,856
IX-11b Legal feesPrograms $4,690 · Management $6,573$11,263
IX-11c Accounting feesManagement $12,700$12,700
IX-11e Professional fundraising feesFundraising $2,850$2,850
IX-11g Other fees for servicesManagement $1,100$1,100
IX-12 Advertising and promotionPrograms $45,625 · Management $28,484 · Fundraising $13,116$87,225
IX-13 Office expensesPrograms $25,908 · Management $16,175 · Fundraising $7,448$49,531
IX-16 OccupancyPrograms $43,071 · Management $26,889 · Fundraising $12,382$82,342
IX-17 TravelPrograms $1,311 · Management $818 · Fundraising $377$2,506
IX-20 InterestManagement $92,991$92,991
IX-22 Depreciation, depletion and amortizationPrograms $81,823 · Management $127,849 · Fundraising $46,026$255,698
IX-23 InsurancePrograms $13,503 · Management $8,430 · Fundraising $3,882$25,815
IX-24 Other expenses (24a–d)Programs $552,820 · Management $23,157 · Fundraising $7,617$583,594
IX-25 Total functional expensesPrograms $1,182,756 · Management $543,806 · Fundraising $185,168$1,911,730
Part X · Balance sheet $4,949,418 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $217,810$139,748
X-10c Land, buildings and equipment, netStart of year $5,059,935$4,808,870
X-15 Other assetsStart of year $800$800
X-16 Total assetsStart of year $5,278,545$4,949,418
X-25 Other liabilitiesStart of year $1,259,300$1,268,510
X-26 Total liabilitiesStart of year $3,259,300$2,768,510
X-27 Net assets without donor restrictionsStart of year $2,019,245$2,178,908
X-28 Net assets with donor restrictions$2,000
X-32 Total net assets or fund balancesStart of year $2,019,245$2,180,908
X-33 Total liabilities and net assetsStart of year $5,278,545$4,949,418
Part XI · Reconciliation of net assets $2,180,908 net assets at year end
XI-1 Total revenue$2,073,393
XI-2 Total expenses$1,911,730
XI-3 Revenue less expenses$161,663
XI-4 Net assets at start of year$2,019,245
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,180,908

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

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