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Tower Theatre Foundation Inc

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 / Theater (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.35M (2023)

Expenses
$2.29M (2023)

Total Assets
$3.73M (2023)

Total Liabilities
$668k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,351,818
Expenses
$2,289,776
Net Income
$62,042
Net Assets
$3,062,259
Notable Sources of Revenue Percent of Total Revenue
Contributions $817,440
34.8%
Program Services $1,526,665
64.9%
Investment Income $11,233
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,520
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $121,228
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $775,041
33.8%
Assets/Debt
Total Assets $3,730,064
Total Liabilities $667,805
Net Assets $3,062,259
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $121,229 $0 $6,061
Richard Gallio (Secretary) $0 $0 $0
Steve Magidson (Director) $0 $0 $0
Colin Clark (Director) $0 $0 $0
Anthony Albertazzi (Director) $0 $0 $0
Beverley Maul (Chair) $0 $0 $0
Eric Lowery North (Director) $0 $0 $0
Gary Gallagher (Vice Chair) $0 $0 $0
Phil Gammel (Director) $0 $0 $0
Michael Gesme (Director) $0 $0 $0
Aleta Nissen (Director) $0 $0 $0
Doug Oas (Treasurer) $0 $0 $0
Karen Woodruff (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,473,687
Expenses
$1,843,908
Net Income
$629,779
Net Assets
$3,000,217
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,435,203
58.0%
Program Services $1,038,339
42.0%
Investment Income $145
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $103,936
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $634,108
34.4%
Assets/Debt
Total Assets $3,447,410
Total Liabilities $447,193
Net Assets $3,000,217
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $103,936 $0 $5,542
Ed Irish (Director) $0 $0 $0
Steve Mackelvie (Director) $0 $0 $0
Richard Gallio (Secretary) $0 $0 $0
Steve Magidson (Director) $0 $0 $0
Colin Clark (Director) $0 $0 $0
Anthony Albertazzi (Chair) $0 $0 $0
Beverley Maul (Vice Chair) $0 $0 $0
Eric Lowery North (Director) $0 $0 $0
Gary Gallagher (Director) $0 $0 $0
Phil Gammel (Director) $0 $0 $0
Michael Gesme (Director) $0 $0 $0
Aleta Nissen (Director) $0 $0 $0
Doug Oas (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,148,129
Expenses
$976,976
Net Income
$171,153
Net Assets
$2,370,438
Notable Sources of Revenue Percent of Total Revenue
Contributions $999,882
87.1%
Program Services $149,193
13.0%
Investment Income $51
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$997
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $98,297
10.1%
Professional Fundraising Fees $0
Other Salaries and Wages $426,133
43.6%
Assets/Debt
Total Assets $2,883,297
Total Liabilities $512,859
Net Assets $2,370,438
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $98,297 $0 $5,431
Ed Irish (Director) $0 $0 $0
Steve Mackelvie (Director) $0 $0 $0
Richard Gallio (Secretary) $0 $0 $0
Steve Magidson (Director) $0 $0 $0
Colin Clark (Director) $0 $0 $0
Anthony Albertazzi (Chair) $0 $0 $0
Beverley Maul (Vice Chair) $0 $0 $0
Eric Lowery North (Director) $0 $0 $0
Gary Gallagher (Director) $0 $0 $0
Phil Gammel (Director) $0 $0 $0
Michael Gesme (Director) $0 $0 $0
Aleta Nissen (Director) $0 $0 $0
Doug Oas (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,602,430
Expenses
$1,778,631
Net Income
-$176,201
Net Assets
$2,199,285
Notable Sources of Revenue Percent of Total Revenue
Contributions $362,309
22.6%
Program Services $1,239,535
77.4%
Investment Income $586
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $118,576
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $609,945
34.3%
Assets/Debt
Total Assets $2,685,770
Total Liabilities $486,485
Net Assets $2,199,285
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $118,576 $0 $4,803
Ann Rhoads (Treasurer) $0 $0 $0
Ed Irish (Director) $0 $0 $0
Steve Mackelvie (Director) $0 $0 $0
Richard Gallio (Chair) $0 $0 $0
Steve Magidson (Director) $0 $0 $0
Meredith Savadove (Secretary) $0 $0 $0
Colin Clark (Vice Chair) $0 $0 $0
Anthony Albertazzi (Director) $0 $0 $0
Beverley Maul (Director) $0 $0 $0
Scott Ramsay (Director) $0 $0 $0
Eric Lowery North (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,907,042
Expenses
$1,880,512
Net Income
$26,530
Net Assets
$2,375,486
Notable Sources of Revenue Percent of Total Revenue
Contributions $355,091
18.6%
Program Services $1,550,887
81.3%
Investment Income $1,064
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $704,927
37.5%
Assets/Debt
Total Assets $2,854,924
Total Liabilities $479,438
Net Assets $2,375,486
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $107,646 $0 $0
Alison Hamm (Chair) $0 $0 $0
Mark Beach (Director) $0 $0 $0
Lora Nordquist (Director) $0 $0 $0
Ann Rhoads (Director) $0 $0 $0
Douglas Watson (Secretary) $0 $0 $0
Michelle Andre (Director) $0 $0 $0
Ed Irish (Director) $0 $0 $0
Steve Mackelvie (Director) $0 $0 $0
Ellen Wolff (Director) $0 $0 $0
Richard Gallio (Director) $0 $0 $0
Steve Magidson (Director) $0 $0 $0
Meredith Savadove (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,585,750
Expenses
$1,674,577
Net Income
-$88,827
Net Assets
$2,348,954
Notable Sources of Revenue Percent of Total Revenue
Contributions $312,672
19.7%
Program Services $1,285,370
81.1%
Investment Income $324
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$12,616
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $106,212
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $536,168
32.0%
Assets/Debt
Total Assets $2,785,557
Total Liabilities $436,603
Net Assets $2,348,954
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $106,212 $0 $0
Alison Hamm (Chair) $0 $0 $0
Mark Beach (Director) $0 $0 $0
Lora Nordquist (Director) $0 $0 $0
Ann Rhoads (Director) $0 $0 $0
Douglas Watson (Secretary) $0 $0 $0
Michelle Andre (Director) $0 $0 $0
Ed Irish (Director) $0 $0 $0
Steve Mackelvie (Director) $0 $0 $0
Ellen Wolff (Director) $0 $0 $0
Richard Gallio (Director) $0 $0 $0
Steve Magidson (Director) $0 $0 $0
Meredith Savadove (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,657,327
Expenses
$1,722,820
Net Income
-$65,493
Net Assets
$2,437,781
Notable Sources of Revenue Percent of Total Revenue
Contributions $286,497
17.3%
Program Services $1,370,554
82.7%
Investment Income $276
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $116,267
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $502,500
29.2%
Assets/Debt
Total Assets $2,799,305
Total Liabilities $361,524
Net Assets $2,437,781
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $116,267 $0 $0
Alison Hamm (Chairman) $0 $0 $0
Mark Beach (Director) $0 $0 $0
Lora Nordquist (Director) $0 $0 $0
Cathy Tai (Director) $0 $0 $0
Ann Rhoads (Treasurer) $0 $0 $0
Douglas Watson (Secretary) $0 $0 $0
Alex Smith (Director) $0 $0 $0
Michelle Andre (Director) $0 $0 $0
Ed Irish (Director) $0 $0 $0
Shan Kingston (Director) $0 $0 $0
Steve Mackelvie (Director) $0 $0 $0
Ellen Wolff (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,537,864
Expenses
$1,527,363
Net Income
$10,501
Net Assets
$2,503,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $288,029
18.7%
Program Services $1,248,219
81.2%
Investment Income $149
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,467
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $115,290
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $499,280
32.7%
Assets/Debt
Total Assets $3,003,597
Total Liabilities $500,325
Net Assets $2,503,272
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $115,290 $0 $0
Alison Hamm (Chairman) $0 $0 $0
Mark Beach (Director) $0 $0 $0
Lora Nordquist (Director) $0 $0 $0
Cathy Tai (Director) $0 $0 $0
Brian Tompkins (Director) $0 $0 $0
Kevin Sparks (Treasurer) $0 $0 $0
Douglas Watson (Secretary) $0 $0 $0
Ann Rhoads (Director) $0 $0 $0
Alex Smith (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,351,865
Expenses
$1,369,176
Net Income
-$17,311
Net Assets
$2,492,771
Notable Sources of Revenue Percent of Total Revenue
Contributions $276,354
20.4%
Program Services $1,075,304
79.5%
Investment Income $207
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $119,114
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $449,047
32.8%
Assets/Debt
Total Assets $2,877,465
Total Liabilities $384,694
Net Assets $2,492,771
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $119,114 $0 $0
Anna Johnson (Director) $0 $0 $0
Alison Hamm (Chairman) $0 $0 $0
Mark Beach (Director) $0 $0 $0
Lora Nordquist (Director) $0 $0 $0
Carly Mcfarland (Director) $0 $0 $0
Jim Davidson (Director) $0 $0 $0
Cathy Tai (Director) $0 $0 $0
Brian Tompkins (Director) $0 $0 $0
Kevin Sparks (Treasurer) $0 $0 $0
Douglas Watson (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,161,572
Expenses
$1,266,901
Net Income
-$105,329
Net Assets
$2,510,082
Notable Sources of Revenue Percent of Total Revenue
Contributions $240,552
20.7%
Program Services $921,285
79.3%
Investment Income $223
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$488
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $110,000
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $396,830
31.3%
Assets/Debt
Total Assets $2,945,682
Total Liabilities $435,600
Net Assets $2,510,082
Compensation
Key Employees and Officers Compensation Related Other
Ray Solley (Executive Director) $110,000 $0 $0
Alison Hamm (Director) $0 $0 $0
Bob Singer (Chairman) $0 $0 $0
Steve Magidson (Secretary) $0 $0 $0
Carly Mcfarland (Treasurer) $0 $0 $0
Jim Davidson (Director) $0 $0 $0
Cassondra Schindler (Director) $0 $0 $0
Brian Tompkins (Director) $0 $0 $0
Kevin Sparks (Director) $0 $0 $0
Douglas Watson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,100,034
Expenses
$1,196,905
Net Income
-$96,871
Net Assets
$2,615,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $164,393
14.9%
Program Services $935,363
85.0%
Investment Income $278
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $94,424
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $347,384
29.0%
Assets/Debt
Total Assets $3,020,596
Total Liabilities $405,185
Net Assets $2,615,411

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$891,021
Expenses
$999,971
Net Income
-$108,950
Net Assets
$2,712,282
Notable Sources of Revenue Percent of Total Revenue
Contributions $175,415
19.7%
Program Services $714,973
80.2%
Investment Income $633
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $95,000
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $295,705
29.6%
Assets/Debt
Total Assets $3,049,898
Total Liabilities $337,616
Net Assets $2,712,282

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$863,743
Expenses
$950,022
Net Income
-$86,279
Net Assets
$2,821,232
Notable Sources of Revenue Percent of Total Revenue
Contributions $201,363
23.3%
Program Services $660,840
76.5%
Investment Income $1,540
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $103,800
10.9%
Professional Fundraising Fees $0
Other Salaries and Wages $250,665
26.4%
Assets/Debt
Total Assets $3,137,201
Total Liabilities $315,969
Net Assets $2,821,232

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

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.

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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

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