philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Talladega First INC FY2023 filing

Tax-deductible

Talladega, AL501(c)(3) EIN 63-0918897Revenue $203K in FY2023

On file with the IRSritztalladega.comPo Box 228, 35161-0228 · Talladega, ALTax-exempt since Jan 1987Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To provide for the economic, cultural and civic pride revitalization of the city of talladega's historic courthouse district by providing quality and diverse lively arts performances in the restored ritz theater, a restored art deco performance center.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
4 of 6
filings with a surplus
Average surplus $47K a year · 19% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
32 mo
of spending, in cash
Looks good: 32.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $39
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$203K
+43% vs prior year
Spent
$238K
To programs
87%
Net assets
$862K
By yearFY2019–FY2024
Revenue
$203K
FY2023▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2019$308K
FY2020$144K
FY2021$456K
FY2022$142K
FY2023$203K
FY2024$256K
Expenses
$238K
FY2023▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2019$285K
FY2020$130K
FY2021$175K
FY2022$206K
FY2023$238K
FY2024$196K
Net assets
$862K
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2019$665K
FY2020$680K
FY2021$961K
FY2022$897K
FY2023$862K
FY2024$922K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 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 Jan 1987.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $209K Management & general 11% · $26K Fundraising 1% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Eric Burrage
Director
$0Pt VII · Sec A
Avery Embry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chad Jones
Chair, Execu
$0Pt VII · Sec A
$0Pt VII · Sec A
Hughlena Kay
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Mascia
Director
$0Pt VII · Sec A
See Talladega First INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Revitalizes historic district with diverse live arts performances.

Questions for Talladega First INC

Tap to ask. Talladega First INC sees how many people are interested.

Your first name shows with your question. Talladega First INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $207K · in their own filed words · FY2023
01

Operated and maintained the ritz theater and provided quality and diverse lively arts performances for the citizens of talladega and the surrounding area which provided an economic boost to the city of talladega.

$207Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$39
Total grants receivedfrom 1 funder$39

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$203K
Ln 12
Gifts and grantsLn 1h$104K
Fees for servicesLn 2g$68K
Other incomeLn 4–11$25K
Money outPt IX
$238K
Ln 25
Programscol B$209K
Managementcol C$26K
Fundraisingcol D$4K
Owns and owesPt X
$862K
net assets · Ln 32
Cash and savingsLn 1–2$642K
Total assetsLn 16$864K
LiabilitiesLn 26$3K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$104K
Government grantsLn 1e$58K
Fees for servicesLn 2g$68K
Investment incomeLn 3$7K
Other incomeLn 4–11$25K
Total revenueLn 12$203K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$578K
Cash and savings togetherLn 1–2$642K
Land, buildings, equipmentLn 10c$222K
Total assetsLn 16$864K
LiabilitiesLn 26$3K
Net assetsLn 32$862K
OperationsPt I, VI
EmployeesI 51
VolunteersI 650
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 FY23End FY23
Cash and savingsLn 1–2$660K$642K
Land, buildings, equipmentLn 10c$240K$222K
Total assetsLn 16$900K$864K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$897K$862K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$60K$51K$6K$3K
Other employee benefitsLn 9$6K$5K$618$309
Payroll taxesLn 10$4K$4K$440$220
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$82$82
OccupancyLn 16$29K$25K$4K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$899$899
InterestLn 20$309$309
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$87K$80K$6K
All other expensesLn 24e$14K$8K$6K
Total functional expensesLn 25$238K$209K$26K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $256K$196K$60K$922K 990 PDF
FY2023 Viewing $203K$238K−$35K$862K 990 PDF
FY2022 $142K$206K−$64K$897K 990 PDF
FY2021 $456K$175K$281K$961K 990 PDF
FY2020 $144K$130K$15K$680K 990 PDF
FY2019 $308K$285K$23K$665K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $203,218 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $99,015$103,824
I-9 Program service revenuePrior year $28,956$67,619
I-10 Investment incomePrior year $2,426$6,934
I-11 Other revenuePrior year $11,591$24,841
I-12 Total revenuePrior year $141,988$203,218
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $64,504$70,506
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $141,811$167,909
I-18 Total expensesPrior year $206,315$238,415
I-19 Revenue less expensesPrior year −$64,327−$35,197
Part VI · Governance 20 of 20 board members independent, 1 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $203,218 across 7 lines filed
VIII-1e Government grants$57,621
VIII-1f All other contributions, gifts and grants$46,203
VIII-1h Total contributions, gifts and grants$103,824
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $67,619$67,619
VIII-3 Investment incomeExcluded from tax $6,934$6,934
VIII-8 Net income from fundraising eventsExcluded from tax $15,467$24,841
VIII-12 Total revenueRelated to mission $67,619 · Excluded from tax $22,401$203,218
Part IX · Statement of functional expenses $238,415 across 14 lines filed
IX-7 Other salaries and wagesPrograms $50,943 · Management $5,993 · Fundraising $2,997$59,933
IX-9 Other employee benefitsPrograms $5,248 · Management $618 · Fundraising $309$6,175
IX-10 Payroll taxesPrograms $3,738 · Management $440 · Fundraising $220$4,398
IX-11c Accounting feesManagement $1,999$1,999
IX-12 Advertising and promotionPrograms $4,917$4,917
IX-13 Office expensesManagement $82$82
IX-16 OccupancyPrograms $24,551 · Management $4,332$28,883
IX-17 TravelPrograms $4,230$4,230
IX-19 Conferences, conventions and meetingsPrograms $899$899
IX-20 InterestPrograms $309$309
IX-22 Depreciation, depletion and amortizationPrograms $22,379$22,379
IX-23 InsurancePrograms $3,371$3,371
IX-24 Other expenses (24a–d)Programs $80,120 · Management $6,500$86,620
IX-24e All other expensesPrograms $7,798 · Management $6,422$14,220
IX-25 Total functional expensesPrograms $208,503 · Management $26,386 · Fundraising $3,526$238,415
Part X · Balance sheet $864,089 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $73,263$63,931
X-2 Savings and temporary cash investmentsStart of year $587,067$578,365
X-10c Land, buildings and equipment, netStart of year $239,528$221,793
X-16 Total assetsStart of year $899,858$864,089
X-17 Accounts payable and accrued expensesStart of year $3,135$2,563
X-26 Total liabilitiesStart of year $3,135$2,563
X-27 Net assets without donor restrictionsStart of year $896,723$861,526
X-32 Total net assets or fund balancesStart of year $896,723$861,526
X-33 Total liabilities and net assetsStart of year $899,858$864,089
Part XI · Reconciliation of net assets $861,526 net assets at year end
XI-1 Total revenue$203,218
XI-2 Total expenses$238,415
XI-3 Revenue less expenses−$35,197
XI-4 Net assets at start of year$896,723
XI-10 Net assets at end of year$861,526

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.