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Nonprofit · EIN 47-4405861

THE TIVOLI THEATRE FOUNDATION INC

Tax-exempt · CHATTANOOGA, TN 37402

Financials

$20.5M$14.4M2022$16.8M$13.2M2023$20.1M$16.2M2024
Revenue Expenses · by fiscal year end
Financials of THE TIVOLI THEATRE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$20,130,750$16,234,791$3,895,959$37,508,203$7,275,938$30,232,265
June 30, 2024990$16,821,723$13,180,362$3,641,361$30,609,041$4,272,735$26,336,306
June 30, 2023990$20,484,887$14,418,224$6,066,663$25,038,713$2,341,724$22,696,989
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,463,335
of which government grants
$532,530
Program service revenue
$14,725,610
Investment income
$687,677
Net gain from sales of assets
-$6,012
Net income from fundraising events
$89,335
Net income from sales of inventory
$1,164,793
Other revenue
$1,254,128

Expenses

Grants and similar amounts paid
$7,105
Compensation of officers, directors and key employees
$752,786
Other salaries and wages
$847,149
Salaries, compensation and benefits (total)
$2,111,569
Professional fundraising fees
$0
Accounting fees
$50,044
Occupancy
$552,667
Travel
$17,839
Depreciation
$385,354
Program services (functional)
$15,557,269
Management and general (functional)
$372,725
Fundraising (functional)
$304,797

Balance sheet and other

Total assets, start of year
$30,609,041
Total assets, end of year
$37,508,203
Total liabilities, end of year
$7,275,938
Net assets, end of year
$30,232,265
Land, buildings and equipment
$3,864,315
Net assets without donor restrictions
$30,232,265
Gross receipts
$20,797,313
Employees
27
Volunteers
0
Year formed
2014
State of legal domicile
TN

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
NICHOLAS A WILKINSONEXECUTIVE DIRECTOR CEO
Officer
40$307,541$12,302
DAVID R HOLSCHERCOO-BOOKING/PROJECT MANAGER
Key employee
40$232,685$28,400
COURTNEY E KEENECOO-EVENTS/OPERATIONS
Key employee
40$179,263$25,598
SARA M WILLIAMSCFO
Highest-paid employee
24$133,574$5,343
W KEITH SANFORDCHAIR
Trustee or director, Officer
4$0$0
ANDY MULDOONVICE CHAIR
Trustee or director, Officer
4$0$0
SUSAN RICHSECRETARY
Trustee or director, Officer
4$0$0
BRENT GOLDBERGEXECUTIVE COMMITTEE MEMBER
Trustee or director, Officer
4$0$0
BOB MCKENZIEEXECUTIVE COMMITTEE MEMBER
Trustee or director, Officer
4$0$0
HENRY ALDRIDGE PHDDIRECTOR
Trustee or director
1$0$0
CARMEN DAVISDIRECTOR
Trustee or director
1$0$0
BYRON KELLYDIRECTOR
Trustee or director
1$0$0
CAROL SEALTREASURER
Trustee or director, Officer
4$0$0
SHALIN TEJANIDIRECTOR
Trustee or director
1$0$0
CAROLINE WALKERDIRECTOR
Trustee or director
1$0$0
12 more people on this return
NameTitleHours / weekCompensation
STEVE ZABELDIRECTOR
Trustee or director
1$0
DR KELLY ARNOLDDIRECTOR
Trustee or director
1$0
JERRY MITCHELLDIRECTOR
Trustee or director
1$0
JUSTIN ROBERTSONDIRECTOR
Trustee or director
1$0
KELLY LEDFORDDIRECTOR
Trustee or director
1$0
DONNA HARRISONDIRECTOR
Trustee or director
1$0
TOM MONTAGUEDIRECTOR
Trustee or director
1$0
TRAVIS MCDONOUGHDIRECTOR
Trustee or director
1$0
JULIA BURSCHDIRECTOR
Trustee or director
1$0
LAURA SCOREYDIRECTOR
Trustee or director
1$0
ROY VAUGHNDIRECTOR
Trustee or director
1$0
JARVIS DAVENPORTDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 26 people
NameTitleHours / weekCompensation
NICHOLAS A WILKINSONEXECUTIVE DIRECTOR CEO
Officer
40$273,630
DAVID HOLSCHERCOO-BOOKING/PROJECT MANAGER
Key employee
40$225,091
COURTNEY E KEENECOO-EVENTS/OPERATIONS
Highest-paid employee
40$140,618
SARA M WILLIAMSCFO
Highest-paid employee
24$121,605
W KEITH SANFORDCHAIR
Trustee or director, Officer
4$0
ANDY MULDOONVICE CHAIR
Trustee or director, Officer
4$0
SUSAN RICHSECRETARY
Trustee or director, Officer
4$0
BRENT GOLDBERGEXECUTIVE COMMITTEE MEMBER
Trustee or director, Officer
4$0
BOB MCKENZIEEXECUTIVE COMMITTEE MEMBER
Trustee or director, Officer
4$0
HENRY ALDRIDGE PHDDIRECTOR
Trustee or director
1$0
CARMEN DAVISDIRECTOR
Trustee or director
1$0
ALICE DAVENPORTDIRECTOR
Trustee or director
1$0
BYRON KELLYDIRECTOR
Trustee or director
1$0
CAROL SEALTREASURER
Trustee or director, Officer
4$0
SHALIN TEJANIDIRECTOR
Trustee or director
1$0
CAROLINE WALKERDIRECTOR
Trustee or director
1$0
STEVE ZABELDIRECTOR
Trustee or director
1$0
DR KELLY ARNOLDDIRECTOR
Trustee or director
1$0
JERRY MITCHELLDIRECTOR
Trustee or director
1$0
JUSTIN ROBERTSONDIRECTOR
Trustee or director
1$0
KELLY LEDFORDDIRECTOR
Trustee or director
1$0
DONNA HARRISONDIRECTOR
Trustee or director
1$0
TOM MONTAGUEDIRECTOR
Trustee or director
1$0
TRAVIS MCDONOUGHDIRECTOR
Trustee or director
1$0
JULIA BURSCHEXECUTIVE COMMITTEE MEMBER
Trustee or director, Officer
1$0
LAURA SCOREYDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2023: 25 people
NameTitleHours / weekCompensation
NICK WILKINSONEXECUTIVE DIRECTOR CEO
Officer
40$250,000
DAVID R HOLSCHERCOO-BOOKING/PROJECT MANAGEMENT
Key employee
40$204,560
COURTNEY KEENECOO-EVENTS/OPERATIONS
Highest-paid employee
40$126,108
SARA WILLIAMSCFO
Highest-paid employee
24$105,750
W KEITH SANFORDCHAIR
Trustee or director, Officer
4$0
SUSAN RICHSECRETARY
Trustee or director, Officer
4$0
BRENT GOLDBERGDIRECTOR
Trustee or director
1$0
CAROL SEALTREASURER
Trustee or director, Officer
4$0
CARMEN DAVISDIRECTOR
Trustee or director
1$0
BOB MCKENZIEDIRECTOR
Trustee or director
1$0
BYRON KELLYDIRECTOR
Trustee or director
1$0
ANDY MULDOONVICE CHAIR
Trustee or director, Officer
4$0
ALICE DAVENPORTDIRECTOR
Trustee or director
1$0
SHALIN TEJANIDIRECTOR
Trustee or director
1$0
HENRY ALDRIDGE PHDDIRECTOR
Trustee or director
1$0
DONNA ELLE HARRISONDIRECTOR
Trustee or director
1$0
JERRY MITCHELLDIRECTOR
Trustee or director
1$0
CAROLINE WALKERDIRECTOR
Trustee or director
1$0
STEVE ZABELDIRECTOR
Trustee or director
1$0
DR KELLY ARNOLDDIRECTOR
Trustee or director
1$0
DR JUSTIN ROBERTSONDIRECTOR
Trustee or director
1$0
KELLY LEDFORDDIRECTOR
Trustee or director
1$0
TRAVIS MCDONOUGHDIRECTOR
Trustee or director
1$0
TOM MONTAGUEDIRECTOR
Trustee or director
1$0
JULIA BURSCHDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
399 MCCALLIE AVE, CHATTANOOGA, TN 37402-2008
In care of
% KEITH SANFORD
Principal officer (990 for 2024)
CAROL SEAL, 399 MCCALLIE AVENUE, CHATTANOOGA, TN 37402
Signed the 990
CAROL SEAL, TREASURER
Phone
(423) 757-5580
Return prepared by
JOHNSON MURPHEY & WRIGHT PC

Mission

THE CORPORATION SHALL, BY ITSELF OR IN AFFILIATION WITH OTHER ENTITIES, OWN, HOLD, LEASE, OPERATE, MAINTAIN, RENOVATE, AND IMPROVE CERTAIN REAL PROPERTY KNOWN AS THE TIVOLI THEATRE, THE SOLDIERS & SAILORS MEMORIAL AUDITORIUM, INCLUDING THE ROBERT KIRK WALKER COMMUNITY THEATRE, AND THE TIVOLI CENTER (COLLECTIVELY, THE "VENUES") LOCATED IN CHATTANOOGA, TENNESSEE, IN ORDER TO (A) TO PROVIDE PERFORMING ARTS VENUES FOR THE COMMUNITY AND OTHER ENTITIES AND INDIVIDUALS FOR ARTISTIC AND EDUCATIONAL ACTIVITIES; (B) TO PRESERVE AND RESTORE THE VENUES AS HISTORICAL LANDMARKS, IF APPROPRIATE; (C) TO LEASE THE TIVOLI CENTER (OR PARTS THEREOF) TO THIRD PARTIES AND OTHER CHARITABLE ORGANIZATIONS IN SUPPORT OF THE CORPORATION'S MISSION; AND (D) TO PROVIDE THE GENERAL PUBLIC WITH A GREATER AWARENESS, APPRECIATION, AND UNDERSTANDING OF THE THEATRICAL AND PERFORMING ARTS.

990 for the year ended June 30, 2025

Program accomplishments

  • OPERATION OF TWO HISTORIC PERFORMING ARTS VENUES IN CHATTANOOGA, TN, THE TIVOLI THEATRE AND SOLDIERS AND SAILORS MEMORIAL AUDITORIUM; TO OVERSEE THE FUNDRAISING EVENTS AND DIRECTION OF THE FACILITIES. (DOES NOT INCLUDE IN-KIND EXPENSES OF $32,050)
    Expenses $15,557,269 · grants $7,105 · revenue $15,890,403

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
47-4405861
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
2015
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$37,508,203
Income (IRS master file)
$20,797,313

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$20,130,750$16,234,791$37,508,203XML
990-TJune 2025–––IRS
990June 2024$16,821,723$13,180,362$30,609,041XML
990June 2023$20,484,887$14,418,224$25,038,713XML
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––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 47-4405861).

Questions about THE TIVOLI THEATRE FOUNDATION INC

What is the EIN of THE TIVOLI THEATRE FOUNDATION INC?
The employer identification number (EIN) of THE TIVOLI THEATRE FOUNDATION INC is 47-4405861.
Is THE TIVOLI THEATRE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to THE TIVOLI THEATRE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE TIVOLI THEATRE FOUNDATION 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 THE TIVOLI THEATRE FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE TIVOLI THEATRE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of THE TIVOLI THEATRE FOUNDATION INC?
The 990 for the year ended June 30, 2025 names CAROL SEAL.
Who are the officers and directors of THE TIVOLI THEATRE FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 27 people; 4 received compensation from the organization, the highest $307,541 (NICHOLAS A WILKINSON, EXECUTIVE DIRECTOR CEO).
How much revenue does THE TIVOLI THEATRE FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $20,130,750, expenses of $16,234,791 and total assets of $37,508,203 at year end.

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