2025-05-15T12:56:44-04:00 2024-06-30 030496412 WIEBE HINTON HAMBALEK LLP 7090 N MARKS AVE STE 104 FRESNO CA 937110270 990 2023-07-01 870452722 LIBERTY RESTORATION INC LIBE 5033255922 1203 COMMERCIAL STREET ASTORIA OR 97103 JOSH STELLMON PRESIDENT 5033255922 2025-05-14 true true R KEVIN HINTON P00854081 5594318334 2025-05-14 X 2023 2025-03-06 01:10:19Z JENNIFER CROCKETT 1203 COMMERCIAL STREET ASTORIA OR 97103 1367182 false X HTTP://WWW.LIBERTYASTORIA.ORG X 1998 OR FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE ORGANIZATION IS RESTORING AND MAINTAINING A HISTORIC THEATRE WHICH PROVIDES A FORUM FOR PERFORMING ARTISTS AND COMMUNITY EVENTS. AS A VITAL COMMUNITY PARTNER, THE HISTORIC LIBERTY THEATRE IS A REGIONAL GATHERING PLACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES AND EDUCATIONAL PROGRAMS. 12 12 15 98 0 558684 761244 498741 453172 3384 2014 92948 107594 1153757 1324024 0 0 441580 507176 0 97500 1054008 897741 1495588 1404917 -341831 -80893 5219328 5157821 248484 267870 4970844 4889951 X FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION: THE LIBERTY THEATRE IS A COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 26,000 ATTENDEES YEARLY. EDUCATIONAL PROGRAMMING THROUGH KIDS MAKE THEATRE: AFTER-SCHOOL, WEEKEND, AND CAMPS YEAR ROUND, FREE WORKSHOPS, FIELD TRIPS, AND LOW-COST PERFORMANCES. 2,900 STUDENTS SERVED YEARLY. DUE TO COVID-19, THE THEATRE WAS CLOSED TO PUBLIC EVENTS FOR NEARLY 18 MONTHS, RESULTING IN A SHORTFALL FROM LOST MARKETING, RETURNED TICKET FEES, REDUCED AUDIENCES, AND PERFORMANCE DEPOSITS. THEATRE DID NOT FULLY REOPEN UNTIL OCTOBER 2021. AUDIENCES WERE SLOW TO RETURN DUE TO UNCERTAINTY ABOUT THE VIRUS. HIGHER PROGRAM COSTS DUE TO REDUCED ENTERTAINMENT TOURING INDUSTRY AND HIGH COSTS OF PERFORMANCE FEES AND MARKETING. false true 783829 1081526 COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 17,000 ATTENDEES YEARLY. DUE TO COVID-19 THE THEATRE WAS CLOSED TO PUBLIC EVENTS AS OF MARCH 13, 2020, RESULTING IN A SHORTFALL FROM LOST MARKETING, RETURNED TICKET FEES, REDUCED AUDIENCES, AND PERFORMANCE DEPOSITS. THEATRE DID NOT FULLY REOPEN UNTIL OCTOBER, 2021. AUDIENCES WERE SLOW TO RETURN DUE TO UNCERTAINTY ABOUT THE VIRUS. HIGHER PROGRAM COSTS DUE TO REDUCED ENTERTAINMENT TOURING INDUSTRY AND HIGH COSTS OF PERFORMANCE FEES AND MARKETING. 83708 122790 THE LIBERTY THEATRE IS A COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 26,000 ATTENDEES YEARLY. EDUCATIONAL PROGRAMMING THROUGH KIDS MAKE THEATRE: AFTER-SCHOOL, WEEKEND, AND CAMPS YEAR AROUND, FREE WORKSHOPS, FIELD-TRIPS, AND LOW COST PERFORMANCES. 2,900 STUDENTS SERVED YEARLY. 137340 141573 MAINTENANCE AND RENOVATION OF STAGE SUPPORT AREAS TO INCREASE INFRASTRUCTURE AND PROGRAMMING ABILITY OF OUR HISTORIC THEATRE. THEATRE DID NOT FULLY REOPEN UNTIL OCTOBER, 2021 WITH CAPITAL CAMPAIGN AND IMPROVEMENTS LARGELY SUSPENDED UNTIL 2023. 1004877 true true false false false false false true false false true false false false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 38 0 15 true false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false OR X JENNIFER CROCKETT 5033255922 1203 COMMERCIAL STREET ASTORIA OR 97103 JENNIFER CROCKETT EXECUTIVE DI 40.00 X 69991 0 0 RYAN BLUM DIRECTOR 2.00 X 0 0 0 MIKE BROSIUS TREASURER 1.00 X 0 0 0 BRETT ESTES DIRECTOR 1.00 X 0 0 0 NORMA HERNANDEZ DIRECTOR 1.00 X 0 0 0 NATHAN LAMPSON DIRECTOR 1.00 X 0 0 0 MAURA LEDERER DIRECTOR 8.00 X 0 0 0 JULIE LEWIS DIRECTOR 1.00 X 0 0 0 JOSH STELLMON PRESIDENT 4.00 X X 0 0 0 DEBORAH STENVALL DIRECTOR 1.00 X 0 0 0 DULCYE TAYLOR VICE PRESIDE 2.00 X X 0 0 0 KATHERINE WATSON SECRETARY 1.00 X 0 0 0 69991 false false false 84300 213388 463556 20673 761244 TICKET SALES 711110 345855 345855 CONCESSIONS SALES 711110 75362 75362 THEATRE RENTAL 711110 31844 31844 MERCHANDISE SALES 711110 111 111 453172 2014 976 1038 138128 22115 116013 116013 116013 11400 84300 21043 -9643 OTHER REVENUE 900099 1224 1224 1224 1324024 455372 117051 X 69990 69990 323230 182067 69764 71399 79998 79998 33958 26467 4238 3253 22218 22218 341961 313394 17503 11064 124647 124542 105 19891 12167 4290 3434 1730 1730 6005 3922 800 1283 5892 5645 247 188486 188486 24806 119 24687 PRODUCTION SUPPLIES 38960 33264 2246 3450 UTILITIES 38035 2927 35108 CONCESSIONS COGS 29486 29486 REPAIR & MAITENANCE 17554 1554 16000 38070 14762 20043 3265 1404917 1004877 302540 97500 170446 343295 3684 35257 107540 21359 7925160 3171395 4892998 4753765 23301 25504 5219328 5157821 7124 6794 18920 145811 110000 112440 115265 248484 267870 X 4962378 4889951 8466 4970844 4889951 5219328 5157821 -80893 X false false X 722197 801859 897709 558684 761245 3741694 722197 801859 897709 558684 761245 3741694 278262 3463432 136564 118770 149036 91631 604714 1100715 53420 84859 1224 139503 4981912 1784146 0.69520 0.78990 X PART II, LINE 10 OTHER INCOME 139,503 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X CULTURAL ENRICHMENT false 240484 240484 7329079 2898084 4430995 355597 273311 82286 4753765 LINE OF CREDIT 58141 PROMISSORY NOTE 50000 FMC PAYABLE 4400 TENANT DEPOSITS 2724 115265 SCHEDULE D, PAGE 2, PART III, LINE 4 LIBERTY RESTORATION, INC. OWNS AND IS RESTORING A HISTORIC VAUDEVILLE THEATRE AND CINEMA IN THE ASTOR BUILDING, WHICH IS LISTED IN THE NATIONAL REGISTER OF HISTORIC PLACES. THE RESTORATION AND MAINTENANCE OF THIS THEATRE, WHICH PROVIDES A FORUM FOR PERFORMING ARTISTS AND COMMUNITY EVENTS, IS THE ORGANIZATION'S EXEMPT PURPOSE. THE THEATRE CONTAINS TWELVE HISTORIC OIL ON CANVAS MURALS DEPICTING VENETIAN CANAL SCENES BY JOSEPH KNOWLES. ANNUAL GALA 95700 84300 11400 7500 13543 95700 84300 11400 7500 13543 21043 -9643 FORM 990 - ORGANIZATION'S MISSION FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION: THE LIBERTY THEATRE IS A COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 26,000 ATTENDEES YEARLY. EDUCATIONAL PROGRAMMING THROUGH KIDS MAKE THEATRE: AFTER-SCHOOL, WEEKEND, AND CAMPS YEAR ROUND, FREE WORKSHOPS, FIELD TRIPS, AND LOW-COST PERFORMANCES. 2,900 STUDENTS SERVED YEARLY. DUE TO COVID-19, THE THEATRE WAS CLOSED TO PUBLIC EVENTS FOR NEARLY 18 MONTHS, RESULTING IN A SHORTFALL FROM LOST MARKETING, RETURNED TICKET FEES, REDUCED AUDIENCES, AND PERFORMANCE DEPOSITS. THEATRE DID NOT FULLY REOPEN UNTIL OCTOBER 2021. AUDIENCES WERE SLOW TO RETURN DUE TO UNCERTAINTY ABOUT THE VIRUS. HIGHER PROGRAM COSTS DUE TO REDUCED ENTERTAINMENT TOURING INDUSTRY AND HIGH COSTS OF PERFORMANCE FEES AND MARKETING. FORM 990, PAGE 2, PART III, LINE 3 THE ADDED KIDS MAKE THEATRE EDUCATIONAL PROGRAM OFFERS YEAR-ROUND AFTER- SCHOOL, WEEKEND, AND CAMP CLASSES, SERVING 450 STUDENTS. CLASSES ARE 15 PER SESSION, REMOVING BARRIERS TO ARTS EDUCATION. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE FULL BOARD FOR ADOPTION BEFORE BEING SIGNED BY THE PRESIDENT. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AT MEETINGS WHEN APPLICABLE TO AN ISSUE UNDER DISCUSSION. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR SALARY WAS DETERMINED BY A COMMITTEE COMPRISED OF BOARD OFFICERS, MEMBERS OF THE HR COMMITTEE, AND COMMUNITY STAKEHOLDERS. THE INTERVIEW PROCESS INCLUDED RESEARCH OF COMPARABLE ORGANIZATIONS LOCALLY AND REGIONALLY. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY BY THE HR COMMITTEE, WITH INPUT AND ADOPTION BY THE FULL BOARD. FORM 990, PAGE 6, PART VI, LINE 15B THE FORM 990 IS REVIEWED BY THE FULL BOARD FOR ADOPTION BEFORE BEING SIGNED BY THE PRESIDENT. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES 38,426 14,654 2,765 PROGRAM SERVICES 1,975 0 0 PERFORMANCE FEES 230,968 0 0 BANK CHARGES & MERCHANT FEES 25,663 172 0 LICENSES & FEES 16,362 2,677 8,299 TOTAL 313,394 17,503 11,064