SAVE THE GRAND THEATRE INC
210 Washington Street
DBA Grand Theatre-Frankfort
Frankfort KY 40601-1822
Contact Information
Nonprofit SAVE THE GRAND THEATRE INC
Address 210 Washington Street
DBA Grand Theatre-Frankfort
Frankfort, KY 40601 1822
Phone (502) 226-4157
Fax 502 226-4158
Contact Name Bill Cull
At A Glance
IRS Ruling Year 2003
Other ways to donate, support, or volunteer We are in year two of our Donor Tree campaign where “Leaves” are available for donations of $1,000 and more. Multi-year pledges are available. Checks to the Grand may be made payable to “Save the Grand Theatre, Inc.” and mailed to 210 Washington Street, Frankfort, KY 40601. Phone donations via credit/debit card may be made by calling 502.352.7469, Monday – Friday, 10 am – 3 pm. On line donations may be made at www.grandtheatrefrankfort.org and selecting the “Donate Now” button. Numerous volunteer opportunities exist. Email grandtheatrevols@gmail.com or info@grandtheatrefrankfort.org.
Financial Summary
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Statements
Mission Statement

The Grand Theatre’s mission is to promote the arts and entertainment in Frankfort’s only Center for the Arts. The overriding purpose, however, is for the Grand to revitalize Frankfort’s underperforming downtown by drawing children, families and residents to our shows to spend money in the community, while drawing tourists who will stay in Frankfort after our shows. As activities at the Grand expand, they will support more restaurants, shops and other entertainment venues. At the same time, our shows and educational activities enhance the quality of life for our residents and serve a persuasive basis for new business to locate in Frankfort. Through this we strengthen our community and reduce our reliance on state government where salaries remain stagnant and lessened benefits devalue career opportunities.

Background Statement

Save the Grand Theatre, Inc. is a 501(c)3 organization formed in 2002 for the purpose of renovating the historic Grand Theatre and establishing it as the "center for the arts" in Kentucky's Capital City. After five years of fundraising, sponsoring arts events, and building public support, renovation began in 2007 and the Grand opened in September 2009 as a $5 million dollar facility with 428 seats.

The Grand is a 428-seat theatre with theatrical lighting and sound systems, and a cushioned stage that accommodates dance, acoustic-amplified music, drama, and film. Digital cinema projection equipment was installed in 2013. A satellite dish for live streaming of MET Opera, Art and other programming is utilized. Clear-com headsets and an intercom allow communication among all theatre areas. The art gallery with an additional 90 linear feet of exhibit space has a catering kitchen utilized for receptions and the lobby has a concession stand serving popcorn, candy, soft drinks, beer and wine. The connected historic Hendrick House is for ticket and administrative offices; a green room; prop, dressing and break rooms; and storage. The entire facility is handicapped-accessible. The stage is wheelchair accessible, the theatre has wheelchair and companion seating at orchestra and balcony levels, and bathroom doors open automatically. Assistive listening technology is installed in the theatre.

Impact Statement

Past year accomplishments:

1. Completed our Annual fund while expanding donations from other donors past year.

2. Added 3-5 live shows in addition to our season schedule of 12-14 shows.

3. Improved our Summer Children’s Series by scheduling only live performances.

4.  Employed a full-time Events Manager 3/1/2017.
 

Current year goals:

1. Use our Donor Tree Sculpture, be-nef-i-cent to initiate new fundraising from prior donors and new donors adding leaves to our tree.

2. Raise funds to improve essential lighting.

3. Raise money to repair our office headquarters, the Hendrick House by renovating the façade and replacing windows in the pre-Civil War structure.

4. Enhance and expand our educational programs for schools, home schooled and individuals including more participation in our Summer Children’s Series and theatre workshops. Offer more scholarships to deserving children.

Needs Statement

1. Full-time Events/Office Manager was employed this year to reduce the burden on its volunteers and allowing the theatre to grow. First year cost of $25,000 rising to $35,000 second year on.

2. The Grand needs to rehabilitate the facade and windows of its 150+ year-old office, back of house space. Work continues. Estimated cost is $50,000.

3. The Grand needs to expand its donor base to utilize its Donor Tree Sculpture be-nef-i-cent to add money for operations and endowment.  Year 2016-17 will see our first use of earnings from our endowment to support operations. Fund raising goal is to exceed $20,000.

4. The Grand needs to find new sponsors to support our educational programming while expanding our audience from area schools. Our goal is $15,000 in contributions.

 
 
CEO/Executive Director Statement

The unique nature of the Grand Theatre is that its Board and many volunteer supporters fully manage all the events at the theatre. I open our shows telling the audience that the Grand Theatre is the only Performing Arts Center in the universe where the staff is totally volunteer; because we all love the community, want to restore and enhance its downtown while promoting tourism and bring in the arts to improve and enhance our communities’ quality-of-life.

The very moving nature of volunteer support reinforces my belief and that of our organization that we all are doing something important. We all know that we have a wonderfully preserved downtown with a great walking lifestyle for those of us who live within the area. Our downtown, however, still has many vacant storefronts and requires more attractions to make it thriving and viable. As half of the people who work in Frankfort leave at 4:30 for their homes in adjacent counties, we must attract more tourists and daytime visitors to achieve a critical mass to inspire growth.

We also need to develop additional quality housing downtown to encourage more of those who live in other counties to move to Frankfort. With the pending move of the state workforce from the Capitol Plaza Tower, and its possible future demolition, quality residential to replace lost traffic is essential.

The Grand Theatre is one of the reasons that individuals will move to Frankfort, both for the professional workers who attend our events and their families who participate in our educational activities for students. The entire Grand family is devoted to the theatre as a vehicle to take us and Frankfort to another level.

Board Chair Statement

The Grand Theatre has built a considerable organization utilizing the efforts of volunteer Board Members, its President and members of the community to create a business generating over $300,000 in revenues. The impact of the theater has been to draw over 12,000 people annually into Frankfort's downtown filling its restaurants both with those who live here and another approximate 2000 from outside the community. This means that Frankfort keeps more of its effective buying income (EBI) spent at home while bringing people from outside Frankfort to spend their money in our community. As Frankfort is located between Lexington and Louisville the Grand has altered the movement of monies outside the community to bringing those monies back home.

The Grand hosts almost 100 events annually placing a huge burden on its volunteer staff and management.

The theory of the Grand Theatres’ business plan has been to grow the theatre’s business and create a greater revenue base to allow the theatre to add staff to further expand, while ensuring its long-term viability. Through an ambitious events schedule, we have built the support of the city and county who provide us with very limited financial assistance (most Arts Centers are owned and heavily subsidized by government). We have also been successful in raising an endowment, the income from which will help us finance the hiring of staff.

The Grand has been my vision since the mid-1980s when our first effort to create a Performing Arts Center failed. When approached in 2002, I accepted a Board position and then became President in December 2004. In 2005, we bought the theatre building, began events in a rough shell, received $488,000 from the Legislature, $100,000 from the Governor and a County bond issue in 2006 for $3.4 million allowing restoration and expansion of an old movie theatre. The Grand opened in 2009 and is now completing its 7th season.

I believe the Grand in 2016 is ready to take a huge step forward, adding staff and gradually expanding operations. But help is needed as Frankfort is a government dominated town with a small corporate community. Expanding our donor base outside Franklin County is essential.
 
Service Categories
Secondary Organization Category Arts,Culture & Humanities / Arts Education
Tertiary Organization Category Arts,Culture & Humanities / Arts & Culture
Geographic Areas Served
Areas
Kentucky
Anderson County
Franklin County
Owen County
Scott County
Shelby County
Woodford County
Fayette County
Jefferson County

The Grand Theatre is located at 308 St. Clair Street, Frankfort, KY 40601. Patrons attending the Grand are generally from the Central Kentucky area, but also state-wide and from bordering states.  Some of our youth and young adult programs serve students from Kentucky State University (KSU), the only historically black college/university in the state while more serve schools/home-school in Franklin, Anderson, Scott, Woodford, Owen and other counties.

Board Chair
Board Chair Mr. William H. Cull
Company Affiliation Attorney at Law
Board Members
NameAffiliationStatus
Mr. Fontaine (Chip) Banks IIIVice President, Farmers BankVoting
Mr. William (Bill) H. Cull President, Save the Grand Theatre, Inc.Voting
Mr. Michael Fields Community VolunteerVoting
Mr. Thomas (Tom) Hampton Community VolunteerVoting
Dr. William (Will) Renshaw Drs. Renshaw, Wix, Murray and HollandVoting
Ms. Melanie VanHouten Josephine Sculpture ParkVoting
Mr. Jeremy Wooldridge Ky State Government / eyeDEZIGN.comVoting
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 7
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 7
Female 1
Unspecified 0
Governance
Board Term Lengths 0
Board Term Limits 0
Board Meeting Attendance % 87%
Written Board Selection Criteria? No
Written Conflict of Interest Policy? No
Percentage Making Monetary Contributions 100%
Percentage Making In-Kind Contributions 100%
Number of Full Board Meetings Annually 20
CEO/Executive Director
Executive Director Mr. Bill Cull
Term Start Dec 2004
Email billcull@aol.com
Experience President, Save the Grand Theatre, Inc., 2004-present. Mr. Cull manages the Grand Theatre's overall operations, reviews and negotiates artists' contracts, directs the fundraising for, acquisition of, and restoration of theatre property.  Additionally he oversees repairs and renovations, capital improvements and serves as House Manager for various events.   His prior professional background is as follows:  Deputy Counsel, Office of the Governor, 1977-80; General Counsel, Kentucky Economic Development Cabinet 1980-82; Secretary and General Counsel, Wilkinson Enterprises, Inc. 1982-93; President, Concept Inc., (merged with Corrections Corporation); 1983-95; President, WMC Corporation, management and development company 1989-2010; Manager, CMB Dev. Co., Real Estate Development, 1997-present
Staff
Full Time Staff 0
Part Time Staff 2
Volunteers 100
Contractors 1
Retention Rate 100%
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 4
Hispanic/Latino 0
Native American/American Indian 0
Other 0
Staff Demographics - Gender
Male 1
Female 3
Unspecified 0
Senior Staff
Title Events Manager
Experience/Biography Serves on the Board of the Grand and has managed events (on a volunteer basis) for over 4 years.  Mr. Wooldridge is a also a graphic artist and is responsible for print and online promotions.
Description Both artistic and programming quality at the Grand Theatre are determined and ensured by the expertise of individuals on the Board and Program Committee and their connections with professional artists and arts organizations.  The program committee is led by Board member Dr. Will Renshaw, a past President of the Frankfort Arts Foundation and jazz guitarist who is extensively involved in music and educational activities in the community, along with Board member Jeremy Wooldridge, who Chairs the Gallery Committee, a graphic artist who designs for Grand Theatre events, and is also an alumnus of the Governor's School for the Arts. Mr. Wooldridge is a regular contributor in the selection of Grand shows.  Mr Cull, the Executive Director/President, attends PAE and APAP conferences, and meets with agents to determine availability/price and contract terms with artists for season and school shows selected by the Board/Program group.
Category
Population Served , ,
Description The Grand contracts with the satellite provider, Fathom, to broadcast the MET Opera season live on Saturdays and other arts programming like theatre, dance and visual artists in various packages.
Category
Population Served , ,
Description The Grand conducts a community-wide survey where voting continues for six weeks and a summer film series of seven films is selected.  About twenty businesses/individuals sponsor the series with the person selecting the most winning films receiving two season passes.
Category
Population Served , ,
Description The Grand works with the Kentucky Arts Council to select area artists and present six live shows for children enrolled in summer Day Care or at home with parents, grandparents or care givers.
Category
Population Served , ,
Description The Grand presents two Lexington Children's Theatre acting workshops so Franklin County children can attend two week long acting camps without having to be transported to and from Lexington or Louisville.
Category
Population Served , ,
Plans & Policies
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan?
Management Succession Plan? Under Development
Organization Policy and Procedures Under Development
Nondiscrimination Policy Yes
Whistleblower Policy No
Document Destruction Policy No
Financials
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Fiscal Year
Fiscal Year Start June 01, 2016
Fiscal Year End May 31, 2017
Projected Revenue $355,000.00
Projected Expenses $345,000.00
Endowment Value $320,000.00
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available). Revenue from foundations and corporations may be included in individual contributions when not itemized separately.
Fiscal Year201620152014
Foundation and
Corporation Contributions
------
Government Contributions$32,041$0$0
Federal------
State------
Local------
Unspecified$32,041--$0
Individual Contributions$35,217$72,118$76,920
$0--$0
$272,760$261,823$290,226
Investment Income, Net of Losses($7,209)$18,748$24,023
Membership Dues$0--$0
Special Events$0--$36,873
Revenue In-Kind$0--$0
Other$281,442$265,969$229,617
Expense Allocation
Fiscal Year201620152014
Program Expense$780,779$597,977$562,056
Administration Expense$0--$0
Fundraising Expense$0--$0
Payments to Affiliates------
Total Revenue/Total Expenses0.791.071.17
Program Expense/Total Expenses100%103%100%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$4,649,105$5,147,382$4,781,569
Current Assets$496,722$509,992$52,032
Long-Term Liabilities$2,617,000$2,933,657$3,061,104
Current Liabilities$1,989$9,081$3,502
Total Net Assets$2,030,116$2,204,644$1,716,963
Form 990s
2016 Form 990
2015 Form 990
2014 Form 990
2013 Form 990
2012 Form 990
2011 Form 990
2010 Form 990
2009 Form 990
2008 Form 990
Audit Documents
2015 AUDIT AS OF MAY 31 2015
Capital Campaign
Currently in a Capital Campaign? Anticipated In 3 Years
Goal $20,000.00
State Registration Yes
Comments
Foundation Staff Comments In 2013, Save the Grand changed from a calendar year (Jan. to Dec.) to a fiscal year (June to May). A full year of financials is not available for 2013.
Address 210 Washington Street
DBA Grand Theatre-Frankfort
Frankfort, KY 406011822
Primary Phone 502 226-4157
CEO/Executive Director Mr. Bill Cull
Board Chair Mr. William H. Cull
Board Chair Company Affiliation Attorney at Law