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Waco Theater Center

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Arts, Cultural Organizations - Multipurpose (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$1.87M (2023)

Expenses
$3.7M (2023)

Total Assets
$3.97M (2023)

Total Liabilities
$290k (2023)

Source: Form 990 tax filings from 2017 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,866,880
Expenses
$3,702,109
Net Income
-$1,835,229
Net Assets
$3,679,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $585,535
31.4%
Program Services $48,906
2.6%
Investment Income $5,400
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,213,574
65.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,465
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $351,425
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $683,027
18.4%
Assets/Debt
Total Assets $3,968,946
Total Liabilities $289,848
Net Assets $3,679,098
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard Lawson (President) $125,000 $0 $0
Tina Knowles Lawson (Vice Preside) $125,000 $0 $0
Angeliki Giannakopolous (Secretary) $0 $0 $0
Melba Lfarquhar (Treasurer) $0 $0 $0
Glynn Turman (Board Member) $0 $0 $0
Ralph Farquhar (Board Member) $0 $0 $0
John Wiseman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,502,178
Expenses
$2,849,190
Net Income
$1,652,988
Net Assets
$5,218,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,342,126
96.4%
Program Services $150,592
3.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,460
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $364,394
12.8%
Professional Fundraising Fees $0
Other Salaries and Wages $625,651
22.0%
Assets/Debt
Total Assets $5,590,838
Total Liabilities $372,626
Net Assets $5,218,212
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard Lawson (President) $129,062 $0 $0
Tina Knowles Lawson (Vice Preside) $129,062 $0 $0
Angeliki Giannakopolous (Secretary) $0 $0 $0
Melba Lfarquhar (Treasurer) $0 $0 $0
Glynn Turman (Board Member) $0 $0 $0
Ralph Farquhar (Board Member) $0 $0 $0
John Wiseman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,112,232
Expenses
$1,847,007
Net Income
$1,265,225
Net Assets
$3,616,195
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,007,290
96.6%
Program Services $0
Investment Income $49
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $101,893
3.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,000
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $257,351
13.9%
Professional Fundraising Fees $0
Other Salaries and Wages $472,388
25.6%
Assets/Debt
Total Assets $4,060,821
Total Liabilities $444,626
Net Assets $3,616,195
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tina Knowles Lawson (Vice Preside) $132,351 $0 $0
Richard Lawson (President) $125,000 $0 $0
Angeliki Giannakopolous (Secretary) $0 $0 $0
Melba Lfarquhar (Treasurer) $0 $0 $0
Glynn Turman (Board Member) $0 $0 $0
Ralph Farquhar (Board Member) $0 $0 $0
John Wiseman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,489,860
Expenses
$1,592,904
Net Income
$896,956
Net Assets
$2,365,794
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,441,512
98.1%
Program Services $0
Investment Income $1,968
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $46,380
1.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $250,000
15.7%
Professional Fundraising Fees $0
Other Salaries and Wages $278,296
17.5%
Assets/Debt
Total Assets $2,754,972
Total Liabilities $389,178
Net Assets $2,365,794
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tina Knowles Lawson (Vice Preside) $125,000 $0 $0
Richard Lawson (President) $125,000 $0 $0
Ralph Farquhar (Board Member) $0 $0 $0
Angeliki Gjack (Board Member) $0 $0 $0
Melba Lfarquhar (Treasurer) $0 $0 $0
Steve Pamon (Board Member) $0 $0 $0
Glynn Turman (Board Member) $0 $0 $0
John Wiseman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,646,225
Expenses
$1,186,937
Net Income
$459,288
Net Assets
$1,455,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,540,432
93.6%
Program Services $79,740
4.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $26,053
1.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $223,958
18.9%
Professional Fundraising Fees $0
Other Salaries and Wages $205,541
17.3%
Assets/Debt
Total Assets $1,780,188
Total Liabilities $324,797
Net Assets $1,455,391
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tina Knowles Lawson (Vice President) $125,000 $0 $0
Richard Lawson (President) $31,250 $0 $0
Melba L Farquhar (Treasurer) $0 $0 $0
Angeliki G Jack (Secretary) $0 $0 $0
Glynn Turman (Board Member) $0 $0 $0
Ralph Farquhar (Board Member) $0 $0 $0
Steve Pamon (Board Member) $0 $0 $0
John Wiseman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,467,944
Expenses
$922,389
Net Income
$545,555
Net Assets
$996,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,411,238
96.1%
Program Services $48,656
3.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $8,050
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $187,262
20.3%
Assets/Debt
Total Assets $1,243,318
Total Liabilities $247,215
Net Assets $996,103
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard Lawson (President) $0 $0 $0
Tina Knowles Lawson (Vice President) $0 $0 $0
Melba L Farquhar (Treasurer) $0 $0 $0
Angeliki G Jack (Secretary) $0 $0 $0
Glynn Turman (Board Member) $0 $0 $0
Ralph Farquhar (Board Member) $0 $0 $0
Steve Pamon (Board Member) $0 $0 $0
John Wiseman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$773,084
Expenses
$319,626
Net Income
$453,458
Net Assets
$450,548
Notable Sources of Revenue Percent of Total Revenue
Contributions $764,489
98.9%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,595
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $715,976
Total Liabilities $265,428
Net Assets $450,548
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard Lawson (President) $0 $0 $0
Tina Knowles Lawson (Vice President) $0 $0 $0
Melba L Farquhar (Treasurer) $0 $0 $0
Angeliki G Jack (Secretary) $0 $0 $0
Glynn Turman (Board Member) $0 $0 $0
Ralph Farquhar (Board Member) $0 $0 $0
Steve Pamon (Board Member) $0 $0 $0
John Wiseman (Board Member) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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