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Nonprofit · EIN 85-3675636

FRIENDS OF THE MAJESTIC

Tax-exempt · CRESTED BUTTE, CO 81224

Financials

$685K$705K2023$708K$802K2024$637K$666K2025
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF THE MAJESTIC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$636,883$666,373-$29,490$80,844$9,692$71,152
December 31, 2024990$708,148$801,610-$93,462$113,424$12,782$100,642
December 31, 2023990$684,563$704,627-$20,064$206,023$11,580$194,443
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$51,507
Membership dues
$18,490
Program service revenue
$584,488
Investment income
$888
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$113,412
Other salaries and wages
$79,572
Salaries, compensation and benefits (total)
$212,618
Professional fundraising fees
$0
Accounting fees
$9,615
Occupancy
$163,957
Program services (functional)
$533,099
Management and general (functional)
$66,637
Fundraising (functional)
$66,637

Balance sheet and other

Total assets, start of year
$113,424
Total assets, end of year
$80,844
Total liabilities, end of year
$9,692
Net assets, end of year
$71,152
Net assets without donor restrictions
$45,136
Net assets with donor restrictions
$26,016
Gross receipts
$636,883
Employees
0
Volunteers
0
Year formed
2020
State of legal domicile
CO

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.

NameTitleHours / weekCompensation
CAROLYN WALLACEEXECUTIVE DIRECTOR
Trustee or director
40$59,659
MORGAN WIENBURGPRESIDENT
Trustee or director, Officer
1$0
MALCOLM BOYCEBOARD MEMBER
Trustee or director
1$0
KAITLYN ARCHAMBAULTBOARD MEMBER
Trustee or director
1$0
TREVOR BONABOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
MORGAN WIENBURGPRESIDENT
Trustee or director, Officer
1$0
MALCOLM BOYCEBOARD MEMBER
Trustee or director
1$0
KAITLYN ARCHAMBAULTBOARD MEMBER
Trustee or director
1$0
TREVOR BONABOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
CAROLYN WALLACEEXECUTIVE DIRECTOR
Trustee or director
38.71$52,029
CONRAD KAULASSISTANT DIRECTOR
Trustee or director
38.71$48,338
MORGAN WIENBURGPRESIDENT
Trustee or director, Officer
2$0
JENN REEBBOARD MEMBER
Trustee or director
2$0
JESSY HILLSECRETARY
Trustee or director, Officer
2$0
EMILY GIRDWOODBOARD MEMBER
Trustee or director
1$0
KAREN HOSKINBOARD MEMBER
Trustee or director
1$0
TREVOR BONABOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
507 RED LADY AVE, CRESTED BUTTE, CO 81224-9878
Mailing address (990-N for 2021)
PO Box 4223, Crested Butte CO 81224
Principal officer (990 for 2025)
CAROLYN WALLACE, PO BOX 4223, CRESTED BUTTE, CO 81224
Principal officer (990-N for 2021)
Carolyn Wallace, PO Box 4223, Crested Butte CO 81224
Signed the 990
CAROLYN WALLACE, EXECUTIVE DIRECTOR
Phone
(970) 349-8955
Return prepared by
H&H CPAS AND ADVISORS LLC

Mission

THE MAJESTIC THEATRE SERVES TO ENTERTAIN, EDUCATE, AND INSPIRE THE GUNNISON VALLEY THROUGH NEW MOVIES, LOCAL FILMS, COMMUNITY EVENTS AND COLLABORATIONS. WE HARNESS THE POWER OF MOVIES TO PROVIDE AN ESCAPE OR A LEARNING EXPERIENCE FOR ALL MEMBERS OF THE GUNNISON VALLEY. BY CREATING MORE OPPORTUNITY FOR LOCAL EVENTS, THE MAJESTIC OPERATES AS AN ESSENTIAL COMMUNITY RESOURCE

990 for the year ended December 31, 2025

Program accomplishments

  • THE ORGANIZATION SERVES TO ENTERTAIN, EDUCATE, AND INSPIRE THE GUNNISON VALLEY THROUGH NEW MOVIES, LOCAL FILMS, COMMUNITY EVENTS AND COLLABORATIONS
    Expenses $533,099 · revenue $585,376
  • N/A
  • N/A

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-3675636
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$80,844
Income (IRS master file)
$636,883

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$636,883$666,373$80,844IRS
990December 2024$708,148$801,610$113,424IRS
990December 2023$684,563$704,627$206,023XML
990December 2022$465,596$291,033$241,711IRS
990-N for 2021
Officer: Carolyn Wallace
December 31, 2021≤ $50,000 receipts––e-Postcard

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 85-3675636).

Questions about FRIENDS OF THE MAJESTIC

What is the EIN of FRIENDS OF THE MAJESTIC?
The employer identification number (EIN) of FRIENDS OF THE MAJESTIC is 85-3675636.
Is FRIENDS OF THE MAJESTIC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to FRIENDS OF THE MAJESTIC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF THE MAJESTIC 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 THE MAJESTIC 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 THE MAJESTIC 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 THE MAJESTIC?
The 990 for the year ended December 31, 2025 names CAROLYN WALLACE.
Who are the officers and directors of FRIENDS OF THE MAJESTIC?
The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $59,659 (CAROLYN WALLACE, EXECUTIVE DIRECTOR).
How much revenue does FRIENDS OF THE MAJESTIC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $636,883, expenses of $666,373 and total assets of $80,844 at year end.

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