Legacy Theater Foundation INC

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We operate and maintain the Legacy Theater for the enjoyment and betterment of the region. We book professional entertainment as well as educational performers and shows as well as rent out the facility to local organizations.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 100 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 5
filings with a surplus
Average surplus $117K a year · 26% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$42K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$865K
+93% vs prior year
Spent
$554K
To programs
77%
Net assets
$4.7M
By yearFY2021–FY2025
Revenue
$865K
FY2025▲ +93%
Tap a bar for its year
Revenue by fiscal year
FY2021$309K
FY2022$318K
FY2023$274K
FY2024$448K
FY2025$865K
Expenses
$554K
FY2025▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2021$207K
FY2022$255K
FY2023$249K
FY2024$365K
FY2025$554K
Net assets
$4.7M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$289K
FY2022$352K
FY2023$4.3M
FY2024$4.4M
FY2025$4.7M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2016.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $426K Management & general 23% · $128K

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

17 people listed on the 990; $77K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$35,054Pt VII · Sec A
Executive Director
$25,039Pt VII · Sec A
Ticket Office Worker
$8,681Pt VII · Sec A
Ticket Office Worker
$3,296Pt VII · Sec A
$2,500Pt VII · Sec A
Ticket Office Worker
$2,409Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Larissa McShane’s $35K as Executive Director is at the 30th percentile of top reported officer pay among 2216 $100K–1M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Tom Robbins—$55,385$231——
Larissa McShane$35,054————
Casey Hall$25,039$477———
Gera Ufkes—$1,328$25,024$11,829—
Haley Dixon————$23,532
Bonnie Bentzinger$3,296$17,824$17,738$16,860$11,466
Halley Dixon———$8,928—
Audrie Inman$8,681————

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.

See Legacy Theater Foundation INC executive salaries →

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

Operate and maintain a historic theater for regional enjoyment and betterment.

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3 programs · $198K · in their own filed words · FY2025
01

A Night With Kelsey Grammer

$161Kprogram expense
02

Texas Tenors

$23Kprogram expense
03

Broadway Review

$14Kprogram 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
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$865K
Ln 12
Gifts and grantsLn 1h$381K
Fees for servicesLn 2g$262K
Other incomeLn 4–11$213K
Money outPt IX
$554K
Ln 25
Programscol B$426K
Managementcol C$128K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$452K
Total assetsLn 16$4.7M
LiabilitiesLn 26$42K
PeoplePt VI, VII
17
listed · VII A
PaidVII A6
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$381K
Government grantsLn 1e$28K
Noncash giftsLn 1g$21K
Fundraising eventsLn 1c$208K
Fees for servicesLn 2g$262K
Investment incomeLn 3$8K
Other incomeLn 4–11$213K
Total revenueLn 12$865K
Assets in detailPt X, end of year
CashLn 1$243K
SavingsLn 2$209K
Cash and savings togetherLn 1–2$452K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4.3M
Total assetsLn 16$4.7M
LiabilitiesLn 26$42K
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 57
VolunteersI 6100
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 FY25End FY25
Cash and savingsLn 1–2$182K$452K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$4.3M$4.3M
Total assetsLn 16$4.5M$4.7M
LiabilitiesLn 26$111K$42K
Net assetsLn 32$4.4M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$8K$8K
Pay of current officers, directors and key staffLn 5$81K$61K$20K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$6K$4K$1K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$2K$0$2K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$39K$19K$21K
Office expensesLn 13$20K$0$20K$0
Information technologyLn 14$839$0$839$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$24K$0$24K$0
TravelLn 17$1K$0$1K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$23K$0$23K$0
InsuranceLn 23$10K$0$10K$0
All other expensesLn 24e$338K$333K$6K
Total functional expensesLn 25$554K$426K$128K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $865K$554K$311K$4.7M 990 PDF
FY2024Filed with the IRS May 15, 2025 $448K$365K$83K$4.4M 990 PDF
FY2023Filed with the IRS May 31, 2024 $274K$249K$25K$4.3M 990 PDF
FY2022Filed with the IRS May 15, 2023 $318K$255K$62K$352K 990 PDF
FY2021Filed with the IRS Sep 29, 2022 $309K$207K$102K$289K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $864,714 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $171,568$381,165
I-9 Program service revenuePrior year $236,603$261,994
I-10 Investment incomePrior year $8,061$8,098
I-11 Other revenuePrior year $31,402$213,457
I-12 Total revenuePrior year $447,634$864,714
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$8,440
I-15 Salaries and benefitsPrior year $95,883$86,881
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $269,188$458,264
I-18 Total expensesPrior year $365,071$553,585
I-19 Revenue less expensesPrior year $82,563$311,129
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $864,714 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$208,000
VIII-1d Related organizations$0
VIII-1e Government grants$28,280
VIII-1f All other contributions, gifts and grants$144,885
VIII-1g Noncash contributions (included above)$20,679
VIII-1h Total contributions, gifts and grants$381,165
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $261,994 · Unrelated business $0 · Excluded from tax $0$261,994
VIII-3 Investment incomeRelated to mission $8,098 · Unrelated business $0 · Excluded from tax $0$8,098
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $8,295 · Unrelated business $0 · Excluded from tax $0$8,295
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $205,162$205,162
VIII-12 Total revenueRelated to mission $278,387 · Unrelated business $0 · Excluded from tax $205,162$864,714
Part IX · Statement of functional expenses $553,585 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $8,440$8,440
IX-5 Pay of current officers, directors and key staffPrograms $61,338 · Management $20,000 · Fundraising $0$81,338
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $4,183 · Management $1,360 · Fundraising $0$5,543
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $1,631 · Fundraising $0$1,631
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $18,837 · Management $20,617$39,454
IX-13 Office expensesPrograms $0 · Management $20,316 · Fundraising $0$20,316
IX-14 Information technologyPrograms $0 · Management $839 · Fundraising $0$839
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $23,593 · Fundraising $0$23,593
IX-17 TravelPrograms $0 · Management $1,298 · Fundraising $0$1,298
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $22,700 · Fundraising $0$22,700
IX-23 InsurancePrograms $0 · Management $10,055 · Fundraising $0$10,055
IX-24e All other expensesPrograms $332,717 · Management $5,661$338,378
IX-25 Total functional expensesPrograms $425,515 · Management $128,070 · Fundraising $0$553,585
Part X · Balance sheet $4,734,830 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $24,762$242,502
X-2 Savings and temporary cash investmentsStart of year $157,682$209,189
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $17,350$10,500
X-10c Land, buildings and equipment, netStart of year $4,292,769$4,272,639
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-16 Total assetsStart of year $4,492,563$4,734,830
X-17 Accounts payable and accrued expensesStart of year $2,936$3,807
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $107,732$37,999
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $110,668$41,806
X-32 Total net assets or fund balancesStart of year $4,381,895$4,693,024
X-33 Total liabilities and net assetsStart of year $4,492,563$4,734,830
Part XI · Reconciliation of net assets $4,693,024 net assets at year end
XI-1 Total revenue$864,714
XI-2 Total expenses$553,585
XI-3 Revenue less expenses$311,129
XI-4 Net assets at start of year$4,381,895
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,693,024

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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