Nonprofit · EIN 05-0530154
FRIENDS OF CALHOUNS GEM THEATRE INC
Tax-exempt · CALHOUN, GA 30701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $626,211 | $630,681 | -$4,470 | $3,079,829 | $69,150 | $3,010,679 |
| December 31, 2024 | 990 | $544,122 | $492,587 | $51,535 | $3,083,988 | $68,839 | $3,015,149 |
| December 31, 2023 | 990 | $460,788 | $377,496 | $83,292 | $3,056,982 | $74,728 | $2,982,254 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $112,966
- of which government grants
- $30,926
- Membership dues
- $4,806
- Program service revenue
- $493,716
- Investment income
- $3,529
- Net rental income
- $15,700
- Other revenue
- $16,000
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $36,000
- Salaries, compensation and benefits (total)
- $38,814
- Professional fundraising fees
- $0
- Accounting fees
- $825
- Depreciation
- $82,479
- Program services (functional)
- $348,545
- Management and general (functional)
- $268,978
- Fundraising (functional)
- $13,158
Balance sheet and other
- Total assets, start of year
- $3,083,988
- Total assets, end of year
- $3,079,829
- Total liabilities, end of year
- $69,150
- Net assets, end of year
- $3,010,679
- Land, buildings and equipment
- $2,799,473
- Net assets without donor restrictions
- $3,010,679
- Gross receipts
- $626,211
- Employees
- 1
- Year formed
- 2002
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHASE BOHANNON | MEMBER Trustee or director | 0 | $0 |
| VALERIE ROBBINS | MEMBER Trustee or director | 0 | $0 |
| JIM ROSENCRANTS | MEMBER Trustee or director | 0 | $0 |
| KIM WATTERS | PRESIDENT Officer | 0 | $0 |
| WILLIAM ASBURY | TREASURER Officer | 0 | $0 |
| FAYE BENTLEY | SECRETARY Officer | 0 | $0 |
| JAMES ASBURY | THEATER MANAGER Key employee, Highest-paid employee | 0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHASE BOHANNON | MEMBER Trustee or director | 0 | $0 |
| VALERIE ROBBINS | MEMBER Trustee or director | 0 | $0 |
| JIM ROSENCRANTS | MEMBER Trustee or director | 0 | $0 |
| KIM WATTERS | PRESIDENT Officer | 0 | $0 |
| WILLIAM ASBURY | TREASURER Officer | 0 | $0 |
| FAYE BENTLEY | SECRETARY Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FAYE BENTLEY | SECRETARY Officer | 0 | $0 |
| WILLIAM ASBURY | TREASURER Officer | 0 | $0 |
| KIM WATTERS | PRESIDENT Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 114 N WALL ST, CALHOUN, GA 30701-2242
- In care of
- % WILLIAM G ASBURY
- Principal officer (990 for 2025)
- WILLIAM ASBURY, 114 NORTH WALL ST, Calhoun, GA 30701
- Signed the 990
- WILLIAM G ASBURY, TREASURER
- Phone
- (706) 625-3132
- Website
- www.calhoungem.org
- Return prepared by
- Wayne Jones Accounting Services
Mission
TO RESTORE THE HISTORIC GEM THEATRE IN DOWNTOWN CALHOUN, GA. THE STRUCTURE HAS SIGNIFICANT VALUE TO THE HISTORY OF THE COMMUNITY.
Program accomplishments
- PART III, LINE 4D--ALL OTHER ACCOMPLISHMENTS EXPENSES INCURRED TO PROVIDE THE COMMUNITY WITH PLAYS, MUSIC, CONCERTS, ETC. PART VI, LINE 11B--ORGANIATIONS PROCESS TO REVIEW FORM 889. NO REVIEW WAS OR WILL BE CONDUCTED. PART XI, LINE 9-OTHER CHANGES IN NET ASSETS EXPLANATION BOOK/TAX DEPRECIATION DIFFERENCE $-176 PART VI, LINE 19--GOVERNING DOCUMENTS DISCLOSURE EXPLANATION AVAILABLE UPON REQUEST.Expenses $348,545 · grants $46,971
- THE ORGANIZATION CONTINUES TO RAISES PUBLIC AWARENESS AND THE QUALITY OF LIFE BY PROVIDING THE COMMUNITY WITH PLAYS, MUSIC, CONCERTS, ETC.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0530154
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A61)
- Assets (IRS master file)
- $3,079,829
- Income (IRS master file)
- $626,211
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $626,211 | $630,681 | $3,079,829 | IRS |
| 990 | December 2024 | $544,122 | $492,587 | $3,083,988 | IRS |
| 990 | December 2023 | $460,788 | $377,496 | $3,056,982 | XML |
| 990 | December 2022 | $277,760 | $227,827 | $3,066,646 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0530154).
Questions about FRIENDS OF CALHOUNS GEM THEATRE INC
- What is the EIN of FRIENDS OF CALHOUNS GEM THEATRE INC?
- The employer identification number (EIN) of FRIENDS OF CALHOUNS GEM THEATRE INC is 05-0530154.
- Is FRIENDS OF CALHOUNS GEM THEATRE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to FRIENDS OF CALHOUNS GEM THEATRE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF CALHOUNS GEM THEATRE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF CALHOUNS GEM THEATRE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF CALHOUNS GEM THEATRE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FRIENDS OF CALHOUNS GEM THEATRE INC?
- The 990 for the year ended December 31, 2025 names WILLIAM ASBURY.
- Who are the officers and directors of FRIENDS OF CALHOUNS GEM THEATRE INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF CALHOUNS GEM THEATRE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $626,211, expenses of $630,681 and total assets of $3,079,829 at year end.
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