Nonprofit · EIN 87-2929235
IOLA THEATRE ASSOCIATION
Tax-exempt · IOLA, KS 66749
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $167,464 | $172,431 | -$4,967 | $292,818 | $0 | $292,818 |
| June 30, 2024 | 990 | $309,124 | $140,698 | $168,426 | $297,785 | $0 | $297,785 |
| June 30, 2022 | 990-EZ | $24,235 | $1,185 | $23,050 | $23,050 | $0 | $23,050 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $160,286
- of which government grants
- $145,285
- Program service revenue
- $0
- Investment income
- $7,168
- Other revenue
- $10
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $21,505
- Program services (functional)
- $144,912
- Management and general (functional)
- $27,519
Balance sheet and other
- Total assets, start of year
- $297,785
- Total assets, end of year
- $292,818
- Total liabilities, end of year
- $0
- Net assets, end of year
- $292,818
- Land, buildings and equipment
- $19,650
- Gross receipts
- $167,464
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2021
- State of legal domicile
- KS
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Toland | Chair Officer | 10 | $0 |
| Cortney Kelly | Vice-Chair/Treasurer Officer | 2 | $0 |
| Maria Unruh | Secretary Officer | 10 | $0 |
| Paul Porter | Member Officer | 2 | $0 |
| James Hall | Member Officer | 4 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Toland | Chair Officer | 4 | $0 |
| Cortney Kelly | Vice-Chair Officer | 2 | $0 |
| Maria Unruh | Secretary/ Treasurer Officer | 5 | $0 |
| Paul Porter | Member Officer | 1 | $0 |
| James Hall | Member Officer | 5 | $0 |
990-EZ for the year ended June 30, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Toland | Chair | 5 | $0 |
| David Toland | Vice Chair | 5 | $0 |
| James Smith | Secretary/Treasurer | 10 | $0 |
| James Hall | member | 0 | $0 |
| Abby Works | Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 202 S WASHINGTON AVE, IOLA, KS 66749-3253
- Principal officer (990 for 2024)
- Elizabeth Toland, 412 East Street, Iola, KS 66749
- Signed the 990
- Elizabeth Toland, Chair
- Phone
- (913) 295-2835
- Website
- iolatheatre.org
Mission
Iola Theatre Association is raising funds through grants and a capital campaign to restore the Iola Theatre. We are working with an architectural firm to scope the restoration and renovation work needed and to obtain precise cost estimates. All work is to be funded through a capital campaign targeting local and regional donors and will ultimately result in construction documents that will be publicly bid. This period is estimated to take 180 days for the initial phase and an additional 180 days to secure funding and require approximately 20 hours per week by volunteers. Upon execution of construction documents, we anticipate a 365 day construction period, with total renovation/restoration costs estimated at approximately $4 million. This work will be funded through private foundation funding, state and local government support, and private donations. The general contractor will be overseen by a committee of the Board of Directors that will likely spend upwards of 30 hours per week.
Program accomplishments
- Initial hiring of professionals was completed including hiring the architect firm, general manager for construction, and historic preservation consultants. Design phase is completed.Expenses $127,552 · grants $127,552
- Design of marquee to replicate the original marquee.Expenses $17,360 · grants $17,360
- nothing0
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2929235
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $292,818
- Income (IRS master file)
- $167,464
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $167,464 | $172,431 | $292,818 | IRS |
| 990 | June 2024 | $309,124 | $140,698 | $297,785 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-EZ | June 2022 | $24,235 | $1,185 | $23,050 | XML |
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 87-2929235).
Questions about IOLA THEATRE ASSOCIATION
- What is the EIN of IOLA THEATRE ASSOCIATION?
- The employer identification number (EIN) of IOLA THEATRE ASSOCIATION is 87-2929235.
- Is IOLA THEATRE ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to IOLA THEATRE ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOLA THEATRE ASSOCIATION 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 IOLA THEATRE ASSOCIATION 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 IOLA THEATRE ASSOCIATION 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 IOLA THEATRE ASSOCIATION?
- The 990 for the year ended June 30, 2025 names Elizabeth Toland.
- Who are the officers and directors of IOLA THEATRE ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does IOLA THEATRE ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $167,464, expenses of $172,431 and total assets of $292,818 at year end.
Other nonprofits in IOLA
- HOPE UNLIMITED INC EIN 48-0988579 · last filed 990 for 2025
- ALLEN REGIONAL TRANSPORTATION INC EIN 88-2825226 · last filed 990 for 2025
- HUMANITY HOUSE EIN 81-1799536 · last filed 990 for 2024
- IOLA SENIOR CITIZENS INC EIN 23-7416608 · last filed 990-EZ for 2024
- ALLEN COUNTY MULTI-AGENCY TEAM EIN 48-1227456 · last filed 990-N for 2025
- SOUTHWIND EXTENSION EDUCATION FOUNDATION EIN 85-3568568 · last filed 990-N for 2025
- SAINT LUKES HOSPITAL OF ALLEN COUNTY INC EIN 84-3362602 · last filed 990 for 2023
- THRIVE ALLEN COUNTY INC EIN 32-0198379 · last filed 990 for 2025