THE LANCASTER GRAND THEATER INC

Address
27 PUBLIC SQUARE
LANCASTER, KY 40444
Contact
Website: http://lancastergrand.com
Phone: +1 (859) 792-7103
Nonprofit
NTEE: Y42 - Domestic Fraternal Societies
EIN: 20-2281779

Mission

THE LANCASTER GRAND THEATER INC. IS COMMITTED TO THE REVITALIZATION AND SUSTAINABILITY OF LANCASTER'S HISTORIC GRAND THEATER TO ITS ONCE PROUD SPLENDOR. THE THEATER PROVIDES A VENUE FOR BOTH GARRARD COUNTY AND CENTRAL KENTUCKY TO ENJOY FAMILY-ORIENTED ENTERTAINMENT, AS WELL AS PROVIDE A MEETING PLACE FOR CONFERENCES AND SPEAKING ENGAGEMENTS.
 201620152013
Basic features of the organization
Year of formation2005
Subsection code03
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00 
Number of employees22 
Number of people compensated >$100k00 
Number of volunteers4040 
Number of highly compensated contractors00 
Personnel
Akers, Arnie
Title TREASURER 
Name of key/compensated person ARNIE AKERS 
Position of compensated person
Current individual trustee or director True 
Current officer True 
Average hours per week working for org 1.00 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Dailey, McKinley
TitleDIRECTORPRESIDENT 
Name of key/compensated personMCKINLEY DAILEYMCKINLEY DAILEY 
Position of compensated person
Current individual trustee or directorTrueTrue 
Current officer True 
Average hours per week working for org6.0010.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Montgomery, Betty
TitleDIRECTORMEMBER 
Name of key/compensated personBETTY MONTGOMERYBETTY MONTGOMERY 
Position of compensated person
Current individual trustee or directorTrueTrue 
Average hours per week working for org5.002.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Werkmeister, Kelly
TitlePRESIDENTMEMBER 
Name of key/compensated personKELLY WERKMEISTERKELLY WERKMEISTER 
Position of compensated person
Current individual trustee or directorTrueTrue 
Current officerTrue  
Average hours per week working for org5.002.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE LANCASTER GRAND THEATER INC. IS COMMITTED TO THE REVITALIZATION AND SUSTAINABILITY OF LANCASTER'S HISTORIC GRAND THEATER TO ITS ONCE PROUD SPLENDOR. THE THEATER PROVIDES A VENUE FOR BOTH GARRARD COUNTY AND CENTRAL KENTUCKY TO ENJOY FAMILY-ORIENTED ENTERTAINMENT, AS WELL AS PROVIDE A MEETING PLACE FOR CONFERENCES AND SPEAKING ENGAGEMENTS.THE LANCASTER GRAND THEATER INC. IS COMMITTED TO THE REVITALIZATION AND SUSTAINABILITY OF LANCASTER'S HISTORIC GRAND THEATER TO ITS ONCE PROUD SPLENDOR. THE THEATER PROVIDES A VENUE FOR BOTH GARRARD COUNTY AND CENTRAL KENTUCKY TO ENJOY FAMILY-ORIENTED ENTERTAINMENT, AS WELL AS PROVIDE A MEETING PLACE FOR CONFERENCES AND SPEAKING ENGAGEMENTS. 
Program service expenses, total$366,061.00$699,560.00 
Programs, including revenue & expenses
THE LANCASTER GRAND THEATER PROVIDED A WEALTH OF ENTERTAINMENT OPTIONS TO GARRARD AND SURROUNDING COUNTIES. THE GRAND HOSTED MANY PERFORMANCES FROM NATIONALLY-KNOWN ARTISTS, SHOWED CLASSIC FILMS, PROVIDED A VENUE FOR COMMUNITY EVENTS AND PROVIDED EDUCATIONAL OPPORTUNITIES FOR AREA STUDENTS.
Program expenses$366,061.00$699,560.00 
Program revenue$125,231.00$307,975.00 
Program descriptionTHE LANCASTER GRAND THEATER PROVIDED A WEALTH OF ENTERTAINMENT OPTIONS TO GARRARD AND SURROUNDING COUNTIES. THE GRAND HOSTED MANY PERFORMANCES FROM NATIONALLY-KNOWN ARTISTS, SHOWED CLASSIC FILMS, PROVIDED A VENUE FOR COMMUNITY EVENTS AND PROVIDED EDUCATIONAL OPPORTUNITIES FOR AREA STUDENTS.THE LANCASTER GRAND THEATER PROVIDED A WEALTH OF ENTERTAINMENT OPTIONS TO GARRARD AND SURROUNDING COUNTIES. THE GRAND HOSTED MANY PERFORMANCES FROM NATIONALLY-KNOWN ARTISTS, SHOWED CLASSIC FILMS, PROVIDED A VENUE FOR COMMUNITY EVENTS AND PROVIDED EDUCATIONAL OPPORTUNITIES FOR AREA STUDENTS. 
Financial data
Revenue
Total revenue$222,944.00$562,681.00 
Revenue from contributions (total)$97,713.00$254,706.00$273,058.00
Investment income, current yr$0.00$0.00 
Total revenue from grants, etc., current yr$97,713.00$254,706.00 
Other revenue, current yr$2,400.00$3,000.00 
Net unrelated business taxable revenue$0.00$0.00 
Program service revenue (total)$122,831.00$304,975.00$74,393.00
Sources of contributions
Revenue from all other contributions$97,713.00$254,706.00 
Other types of revenue
Net rental income$2,400.00$3,000.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$366,061.00$699,560.00 
Total functional expenses: program service $366,061.00$699,560.00 
Total functional expenses: management and general$0.00$0.00 
Total functional expenses: fundraising$0.00$0.00 
Fees for services
Fundraising service fees (total)$0.00$0.00 
Assets and liabilities
Total assets$3,605,923.00$3,747,801.00$892,002.00
Total assets, beginning of year$3,747,801.00$3,788,800.00 
Total liabilities$804,974.00$803,735.00$643,839.00
Total liabilities, beginning of year$803,735.00$707,855.00 
Net assets$2,800,949.00$2,944,066.00 
Net assets, beginning of year$2,944,066.00$3,080,945.00 
Cash: non-interest bearing$2,503.00-$5,176.00 
Cash: non-interest bearing, beginning of year-$5,176.00-$1,088.00 
Loans and other payables to key persons$773,075.00$769,275.00 
Other financial variables
Revenue less expenses-$143,117.00-$136,879.00 
Advertising (total)$11,331.00$51,887.00 
Accounts payable & accrued expenses$1,899.00$4,460.00 
Unsecured notes & loans to unrelated parties$30,000.00$30,000.00 
Total net assets or fund balances$2,800,949.00$2,944,066.00 
Depreciation, depletion, amortization$155,382.00$153,497.00 
Governance and accountability
Number of voting members34 
Number of independent voting members34 
Relationships among key personnel True 
Accrual accountingTrueTrue 
Tax year start date2016-01-012015-01-01 
Tax year end date2016-12-012015-12-012013-12-01
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrue 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990 
IRS schema version2016v3.02015v2.1 
Filing identifier201743119349302529201603199349307860 
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