Performing Arts Foundation of KC dba Folly Theater
Folly Business Office
1020 Central, Suite 200
Kansas City MO 64105
The historic Folly Theater provides an intimate setting and unsurpassed acoustics.
Web and Phone Contact
Telephone (816) 842-5500
Mission Statement
Vision Statement: To be a world-class venue for the performing arts and community programs...engaging, inspiring and entertaining diverse audiences. 
 
Mission Statement: To preserve Kansas City's oldest historic theater as a premier performance venue, we commit to maintain our building's heritage, diversify our program and entertainment offerings, and be an enthusiastic participant in the continuing revitalization of downtown Kansas City.
Leadership
CEO/Executive Director Ms. Gale B. Tallis
Board Chair Mr. Mark Seely
Board Chair Company Affiliation Lockton Companies, LLC
History and Background
Year of Incorporation 1965
Former Names
Standard Theater
Century Theater
Shuberts Missouri Theater
Folly Burlesque
Folly Theater
Financial Summary
Revenue Expense Area Graph

Comparing revenue to expenses shows how the organizations finances fluctuate over time.

Source: IRS Form 990

 Breakdown
Net Gain/Loss:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.
Statements
Mission Statement
Vision Statement: To be a world-class venue for the performing arts and community programs...engaging, inspiring and entertaining diverse audiences. 
 
Mission Statement: To preserve Kansas City's oldest historic theater as a premier performance venue, we commit to maintain our building's heritage, diversify our program and entertainment offerings, and be an enthusiastic participant in the continuing revitalization of downtown Kansas City.
Background Statement
Opened in 1900, the historic Folly Theater is Kansas City's oldest and only nineteenth century theater. Renowned for its intimate setting and acoustics, the Folly is a favorite performance space among artists. As the neighborhood just outside the walls of the Folly Theater has changed over the past century, entire streetscapes have come and gone, and yet the Folly has endured. With its distinctive architecture by Louis Curtiss, it was saved from the wrecking ball and placed on the National Register of Historic Places in 1974, and now represents one of Kansas City's greatest success stories in urban renewal and preservation.
  
Drawing more than 60,000 people annually, the Folly has sparked new life in downtown and is the venue of choice among many presenting and producing organizations, which bring the world's best music, dance, theater and entertainment to Kansas City. As a non-profit presenting organization, the Folly Theater is nationally recognized. The Folly Jazz Series, described by The Kansas City Star as "the area's premier jazz concert series," is among only a handful of subscription-based jazz series in the nation, and has been named one of the 150 "Best Jazz Venues in the World" by Downbeat Magazine.  The Folly Kids' Series presents the very best national touring professional children's theater companies, as well as collaborations with other local arts organizations. The series introduces young people to various disciplines of the arts, presents a variety of social themes and offers educators a supplement to history, social studies and literature curricula.
  
Since 2006, the Folly-sponsored series “Cyprus Avenue Live at the Folly”, has featured notable artists of American popular music ranging from Jerry Lee Lewis and Rosanne Cash to Los Lobos and Blind Boys of Alabama. This program offering is made possible by arrangements with local National Public Radio affiliate station KCUR 89.3 FM. The Folly also serves as a venue for other performing arts series, including the Friends of Chamber Music and Harriman-Jewell Program of William Jewell College, as well as local producing companies that include the Kansas City Women's Chorus, City in Motion Dance Company, Ailey II and Heartland Men's Chorus. In addition, the Folly is utilized regularly by many area businesses and community organizations for a wide range of functions, including meetings, seminars, training sessions and civic forums (such as La Raza's conference), DST Systems & Butler Manufacturing.
 
The Folly is also the venue for many other non-profit organizations’ events, including those of Bright Futures Fund, American Red Cross, and Kansas City Repertory Theatre. On July of 2010, the Folly was host for a political campaign rally which featured President Barack Obama, so we can now state that the Folly has hosted the greats from Gypsy Rose Lee and The Marx Brothers to the likes of Walter Cronkite, Itzhak Perlman, Dave Brubeck and even the President of the United States. Now 116 years old, the historic Folly Theater is truly an irreplaceable asset.
 
 
Impact Statement
The Folly Theater stands as a definitive illustration of an irreplaceable community asset, enriching the successful economic recovery of a neighborhood through preservation and the arts. As a partner and leader in downtown revitalization we enhance our community by serving the cultural, entertainment, educational, business and civic needs of Greater Kansas City. None of these goals could be met without the ongoing maintenance and care of this historic structure.
  
Significant accomplishments during the 2015-2016 season included:  Greater Community Involvement, including on-going partnerships with UMKC Conservatory, Kansas City Art Institute Graphic Design Department, American Jazz Museum, Crossroads Academy, the Downtowners, Historic KC Foundation, A.L.I.V.E.  Building & administration achievements are:  Improved computers, new historic doors for the theater (12 of them),  continued new production equipment,  repairs to lit ball atop Folly Theater (there since 1900), over 900 LED light bulbs for exterior and interior of Folly Theater, increasing our efficiencies, and cutting down on manpower, expanding media reach with google analytic tools, social media and outreach in the community (joining Hispanic Chamber, Mid-American Gay & Lesbian Chamber of Commerce, and many other organizations) all of which we anticipate will elevate the Folly's presence.
  
Goals for the 2016-2017 season include new, Meyer speakers for our stage (approximately $34,000), working towards our capital campaign to replace our HVAC system (approximately $850,000), increasing our Endowment Fund,  increasing our volunteer corps, increasing awareness of the Folly within the KC Community with increased marketing efforts.  All of these maintenance, repair and marketing, capital and fundraising projects serve to enhance every patron's experience at the Folly and ensure its future and legacy in the Kansas City community.
Needs Statement
  1. Replacement of the HVAC system ($850,000)
  2. Increasing the Folly Theater Endowment Fund in order to secure the Folly's financial future
  3. Program support for Jazz, Kid's and Cyprus Avenue Live Series
  4. Marketing/advertising resources and personnel needed to promote the theater and our programming
  5. Replacement of the  HVAC system ($850,000)
Service Categories
Performing Arts Centers
Areas of Service
MO
KS
MO - Jackson County
MO - Clay County
MO - Platte County
KS - Wyandotte County
KS - Johnson County
MO - Jackson County Urban Core
IL
IA
NE
KS - Wyandotte County Urban Core
CO
OK
CEO/Executive Director/Board Chair Statement
The mission of the Folly Theater board and staff is "To preserve Kansas City's oldest historic theater as a premier performance venue, we commit to maintain our building’s heritage, diversify our program and entertainment offerings, and be an enthusiastic participant in the continuing revitalization of downtown Kansas City".To financially secure the Grand Lady's future - so she may be experienced by future generations of avid theater-goers, we must rally our community to accomplish three fundraising goals:
 
  • Support increased annual operating and working capital needs in the amount of $150,000
  • Support building reserve needs for deferred maintenance and future maintenance and repairs averaging $215,000 per year over the next five years
  • The Folly's Endowment Campaign, which will secure the Folly's future for many years to come.

The Folly's wonderful acoustics and intimate space create a peerless relationship between artist & audience, inspiring internationally-renowned flutist, Sir James Galway, to call her "Kansas City's Carnegie Hall".  The Performing Arts Foundation of Kansas City, under the dynamic leadership of Joan Kent Dillon and William N. Deramus III, led a community-wide initiative to "save the Folly" from the wrecking ball in the 1970's.  Their dream became reality when the Folly Theater re-opened in November of 1981.  Since that auspicious occasion, the Folly has earned a well-deserved reputation as one of the nation's premier concert halls, and stands as a prominent example of downtown redevelopment.
  
Kansas City has a great opportunity to ensure that the Folly Theater will never face the wrecking ball ever again.  We ask for your generous donation toward our trio of needs.  With the caring support of many, we'll continue our dedication to fulfilling our mission to the performing arts community. Thank you.
Programs
Description
At the forefront of our mission is our stewardship role as the painstaking caretaker and preserver of the 116 -year old historic Folly Theater, which truly is an irreplaceable community asset. Without question, building overhead and maintenance costs represent our greatest challenge as a non-profit organization.
Category Arts, Culture & Humanities, General/Other Historic Preservation & Conservation
Population Served Adults, ,
Short-Term Success The Folly Board and Staff have been able to create a Building Fund, through fundraising efforts.  This money has allowed us to take care of some of our deferred maintenance needs, as well as creating a new marquee sign for the building (the first since 1974), and build up an "emergency" fund.
Long-Term Success The condition of the building itself is the benchmark by which we measure success. The ideal scenario, of course, would be to maintain the historic structure in pristine condition, which certainly is our goal and is at the heart of our mission statement. The reality is that quite often maintenance projects must be placed on a deferred maintenance list until the necessary funds can be raised. This situation underscores the need for us to build the Folly’s endowment to $10 million to ensure the preservation of the historic structure in perpetuity.
Program Success Monitored By At the monthly meeting of the Board of Directors, the Executive Director provides an update of building maintenance projects and physical plant/equipment needs. Maintenance expenditures are examined as part of the financial summary reports that are reviewed at the monthly meetings of the Folly Board of Directors.
Examples of Program Success As stated above, the condition of the building itself is the benchmark by which we measure success.
Description
The Folly Kids’ Series presents professional, nationally-touring children’s theater companies, as well as collaborations with other local arts organizations in order to serve the educational, social, and cultural needs of the community. The Series is a valuable asset to the education community, providing a rich arts experience tied to curricula: literature, social studies, and history. Because the series also entertains, the joys of knowledge and learning present themselves in new ways to school children extending their education beyond the performances on stage. Many of the students who participate in the Folly Kids Series, some as young as Kindergarten and First Grade, have never stepped inside a true theater nor experienced live entertainment.  These performances can be transformational experiences for these children.  Currently, the Folly is in meetings with many of the organizations in Kansas City in order to incorporate STEAM into our Kids' Programming offerings. 
Category Arts, Culture & Humanities, General/Other Theatrical Performances
Population Served Children and Youth (0 - 19 years), ,
Short-Term Success Each season, over 10,000 school children attend performances of the Folly Kids’ Series. Thus, the primary short-term measure of the success of the Folly Kids’ Series is comparing prior-year figures to the number of children and schools served each season, along with corresponding revenues from both ticket sales and program underwriting.
Long-Term Success
The specific goals of the Folly Kids’ Series are to:
  1. Present a variety of classic and contemporary social themes
  2. Offer educators programs that complement and expand their classroom curriculum
  3. Introduce children to various disciplines of the performing arts
  4. Provide access to programs for underserved children, including offering complimentary tickets to performances as available.
Program Success Monitored By
Performance evaluation surveys provide feedback from educators and school districts to assess the extent to which the long-term program goals stated above are being met, in particular as Folly Kids’ Series production pertain to school curricula. Success is also evaluated by Folly Management through review of the breadth of subject matter and the quality of the professional touring theater productions that are presented.
  
The annual programming budgets are developed by the Executive Director and reviewed by the Finance & Audit Committee before being presented to the full board for approval. At each monthly meeting of the Board of Directors, detailed financial summary reports are distributed that reflect actual month and year-to-date revenue/expense figures compared to budget, with corresponding variances shown.
 
Examples of Program Success The Folly Theater undergoes an annual audit to assess the performance of every aspect of operations and programs. Folly-sponsored programs (i.e., the Folly Jazz Series, Cyprus Avenue & Folly Kids’ Series) comprise approximately 22% of annual revenue.
Description The Folly regularly presents national-level jazz artists who perform  with their own working groups in an intimate, acoustically-superior concert setting. Joe Klopus of The Kansas City Star described the Folly Jazz Series as "The area's premier jazz concert series." The Folly Jazz Series includes a selection of artists which provide a balance of innovation and tradition, presenting both veteran artists as well as younger, emerging artists who have established themselves at the national level. Downbeat Magazine has named the Folly Theater "one of the 150 best jazz venues in the world".
Category Arts, Culture & Humanities, General/Other Performing Arts
Population Served Adults, Adults,
Short-Term Success Short term success is measured by attendance and corresponding ticket sales revenue for each concert. Advance print/radio publicity and newspaper reviews also provide a measure of the relative importance and “newsworthiness” of each concert. There is also immediate feedback from audience members regarding the quality and aesthetics of each concert.
Long-Term Success Primary objectives of the Folly Jazz Series have been to cultivate, develop, broaden and diversify the audience for jazz, as well as preserving a piece of Kansas City's history with Jazz.
Program Success Monitored By Sales and attendance reports are the primary measure of the success of the Folly Jazz Series, in addition to aesthetic assessments of the performances (i.e. concert reviews, patron remarks, etc.) Annual audience surveys are conducted each year that provided valuable patron information regarding demographics and audience preferences. This information is taken into consideration when making future program selections.
Examples of Program Success The Folly Theater undergoes an annual audit to assess the performance of every aspect of operations and programs. Folly-sponsored programs (i.e., the Folly Jazz Series and Folly Kids’ Series) comprise approximately 22% of annual revenue.
Description In 2006, The Folly added “Cyprus Avenue Live at the Folly” featuring concerts by notable artists of American popular music. “Cyprus Avenue” was created specifically to develop new audiences and to enhance earned revenue in support of operations. This program offering is made possible by arrangements with local National Public Radio affiliate station KCUR 89.3 FM, and features such artists as Jerry Lee Lewis, Rosanne Cash, Blind Boys of Alabama, Marty Stuart, Art Garfunkel, Mavis Staples, Los Lobos, Madeleine Peyroux, and many more.  The show is hosted by Bill Shapiro of KCUR, who created the radio program "Cyprus Avenue" over 35 years ago to celebrate American roots music.
Category Arts, Culture & Humanities, General/Other Musical Performances
Population Served Adults, ,
Short-Term Success Short term success is measured by attendance and corresponding ticket sales revenue for each concert. Advance print/radio publicity and newspaper reviews also provide a measure of the relative importance and “newsworthiness” of each concert. There is also immediate feedback from audience members regarding the quality and aesthetics of each concert.
Long-Term Success Primary objectives for "Cyprus Avenue" are to cultivate, develop, broaden and diversify the Folly Theater's general audience, as well as showcase the Folly Theater's superior acoustics for concerts.
Program Success Monitored By Sales and attendance reports are the primary measure of the success of each "Cyprus Avenue" concert, in addition to aesthetic assessments of the performances (i.e. concert reviews, patron remarks, etc.)
Examples of Program Success The Folly Theater undergoes an annual audit to assess the performance of every aspect of operations and programs.
Description The historic Folly Theater serves the Kansas City community as an important host venue for many events. The Folly is available for performances, benefits, recitals, business functions, award presentations, and all special occasion gatherings. The Folly possesses an intimate performance space with world-class acoustics and state-of-the-art lighting and sound systems, all of which serve to enhance the many events that take place each year. It is occupied by rental clients approximately 120+ nights a year.
Category Arts, Culture & Humanities, General/Other Performing Arts
Population Served Adults, ,
Short-Term Success The number of rental events and corresponding revenues are compared against budget projections on a monthly basis.  The Folly continues to obtain new clients based on word of mouth from other clients on a positive experience. 
Long-Term Success Rentals are an important part of the Folly Theater’s annual operating budget, representing approximately 38% of our annual revenue. Our goal is to utilize otherwise “dark days” for rental events to achieve optimal use of the theater, as well as opening up the Folly Theater for community & civic organizatons (new partnership with UMKC Conservatory, Crossroads Academy having their school assemblies & art programs at the Folly, etc)
Program Success Monitored By At the monthly meeting of the Board of Directors, financial summary reports are reviewed to examine the performance of all aspects of operations, including rentals. Financial figures are reviewed by month-by-month compared to budget and Year-to-date compared to budget.
Examples of Program Success The Folly Theater undergoes and annual audit to assess the performance of every aspect of operations and programs. Rentals comprise approximately 42% of revenue earned from annual operations.
CEO Comments
The Folly Theater is an important cultural institution in the Kansas City area. Listed on the National Register of Historic Places, the Folly Theater is the oldest and only remaining 19th-Century theater in Kansas City. Acoustically unsurpassed, the Folly Theater is "the venue of choice" among many local presenting and producing organizations, which bring the world's best classical music, jazz, dance, theater and entertainment to Kansas City. As a non-profit arts organization, the Folly presents its nationally recognized Folly Kids' Series and Folly Jazz Series. The newest offering of Folly-sponsored programs is “Cyprus Avenue Live at the Folly”, which is conceived as a new series of concerts that will feature notable artists of American popular music. This new Folly program offering is made possible by arrangement with Bill Shapiro, longtime radio host of “Cyprus Avenue”, which airs on local NPR-affiliate station KCUR 89.3 FM.
  
In addition to the Folly's own presenting series, other presenting or producing organizations that make the historic Folly Theater their "home" venue for most of their events include The Friends of Chamber Music, the Harriman-Jewell Series of William Jewell College, Ailey II, Heartland Men's Chorus, and the UMKC Conservatory, among others. With its diverse and important programs, the Folly has strong involvement from the entire Kansas City community. The Folly strives to reach a broad constituency to introduce new audiences to attend the performing arts. Events large and small flourish in this one-of-a kind performance setting. Drawing over 60,000 people annually, the Folly Theater plays an important role in the revitalization of Downtown Kansas City.
 
Executive Director/CEO
Executive Director Ms. Gale B. Tallis
Term Start June 2010
Experience
As the Executive Director of the Folly Theater, Gale Tallis comes to the position with a wide range of experience in the arts and non-profit organizations.  Prior to her three years at the Folly Theater as Director of Operations, where she was in charge of all theater operations, sales to rental clients, and managing and booking all Folly events, Ms. Tallis was Special Events & Facility Rental Director at Union Station, where she was responsible for all programming and facility rentals, theaters and exhibits. Her other   experience includes Executive Director of the Westport Merchant's Association, Sales and Marketing Director of American Heartland Theater, and Executive Director of the Kansas City Renaissance Festival.  Through the years, Ms. Tallis has served on many non-profit arts organizations committees, including Race for the Cure and Forks & Corks. Ms. Tallis received a Bachelor of Arts in both Child Development and Psychology from the University of Kansas.
Co-CEO/Executive Director
Term Start
Compensation Last Year
Former CEOs
NameTerm
Douglas Y. Tatum Feb 1993 - May 2010
Mr. Joe Wilson Aug 1988 - Dec 1992
Senior Staff
Title Director of Development
Staff
Paid Full-Time Staff 5
Paid Part-Time Staff 5
Volunteers 286
Paid Contractors 12
Retention Rate 80%
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Annually
Non-Management Formal Evaluation Yes
Non-Management Formal Evaluation Frequency Annually
Plans & Policies
Organization Has a Fundraising Plan Yes
Organization Has a Strategic Plan Yes
Management Succession Plan No
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Collaborations
The Folly Theater is always looking for opportunities to collaborate with other arts organizations, in order to widen our sphere of influence.  We are fortunate to host Heartland Men's Chorus, Harriman-Jewell, Friends of Chamber Music, Kansas City Women's Chorus, Alvin Ailey, and many others as clients.  With our 2016-2017 Jazz Series, we will have guests from the community (musicians, jazz afficianados), who will conduct our pre-concert JazzTalks, and once again, the Kansas City Graphics Design Department will create the posters for our Jazz Series.  This year, the Folly has also launched the Metzler, Copaken Initiative, which is targeted at helping to fund arts organizations who would like to expand their horizons to the Folly, but would not be able to financially without some support.  Our first collaboration in this initiative transpired in July, 2016, with the very successful opening of the Fringe Festival. In 2013, the Folly was excited to partner with VML and New Century Follies to create a new social media project in conjunction with an August performance, bringing the audience "into" the performance sphere.
Affiliations
AffiliationYear
League of Historic American Theatres2013
Nonprofit Connect of Greater Kansas City2013
Chamber of Commerce2014
Awards
Award/RecognitionOrganizationYear
150 Best Jazz Venues in the WorldDownbeat Magazine2011
150 Best Jazz Venues in the WorldDownbeat Magazine2012
Executive Director one of 100 people who have changed life in Kansas City foreverKansas City Magazine2012
Tomorrow AwardSXSW/VML2014
One of Kansas City's Most Influential WomenKansas City Magazine2015
Government Licenses
Is your organization licensed by the government? No
CEO Comments
The Folly Theater administrative staff is comprised of five full-time professionals working in the following positions: Executive Director, Events Director, Manager of Ticketing and Administration, Marketing Manager and Development Director. In addition, part-time positions include the positions of Bookkeeper, Front-of-House Managers (3), and Custodian.
  
The Board of Directors meets monthly as a full board. The members of the board include lawyers, CPAs, individuals involved in major businesses, and community representatives. To maintain a strong board membership, the Vice President for Board Development is charged with leading the effort to identify and recruit qualified candidates.
 
Folly Board Members are expected to:
 
  1. Regularly attend Board Meetings and provide governance/oversight of operations, and participate in one or more sub-committee.
  2. Facilitate and assist with annual fundraising endeavors.
  3. Commensurate with ability, participate in the annual campaign with a gift at the suggested Director's Level ($500) or higher.
  4. Support the Folly through the purchase of tickets and attend performances at the Folly Theater.
  5. Assist with efforts to solicit rentals of the Folly, especially for corporate/business use during weekdays.
Board Chair
Board Chair Mr. Mark Seely
Company Affiliation Lockton Companies, LLC
Term July 2016 to June 2018
Email mseely@lockton.com
Board Members
NameAffiliation
Mr. Chris Benner DST Systems, Inc.
Mr. Pete Browne Kissick Construction Co.
Mr. Michael Cline Kansas City Southern
Mr. Mark Eagleton Bank of America - US Trust
Mr. Stewart S. Koesten KHC Wealth Management
Mr. Jeremy Lillig Bright Futures Fund
Mr. Edgar Palacios Connections to Success
Ms. Lyla Perrodin Perrodin, LLC
Ms. Stacy Purvis Elevate Energy
Mr. Doug Richards B2i Ventures
Ms Rosetta Robins Strategic Management Solutions
Mr. Mark Seely Lockton Companies
Ms. Jayne Siemens Venice Communications
Mr. Alejandro J. Solorio Solorio & Avila
Mr. Richard Starks Waddell & Reed
Mr. James Sullivan Valley View Financial Group Trust Company
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 13
Hispanic/Latino 2
Native American/American Indian 0
Other 0
Board Demographics - Gender
Male 12
Female 4
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 75%
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100%
Percentage Making In-Kind Contributions 100%
Constituency Includes Client Representation Yes
Number of Full Board Meetings Annually 12
Standing Committees
Building
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Finance
Marketing
Program / Program Planning
Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala)
CEO Comments
The Folly Theater administrative staff is comprised of five full-time professionals working in the following positions: Executive Director, Events Director, Manager of Administration and Box Office,  Marketing Manager and Development Director. In addition, part-time positions include the positions of Bookkeeper, Front-of-House Managers (3), and Custodian.
  
The Board of Directors meets monthly as a full board. The members of the board include lawyers, CPAs, individuals involved in major businesses, and community representatives. To maintain a strong board membership, the Vice President for Board Development is charged with leading the effort to identify and recruit qualified candidates.
  
Folly Board Members are expected to:
 
  1. Regularly attend Board Meetings and provide governance/oversight of operations, and participate in one or more sub-committees.
  2. Facilitate and assist with annual fundraising endeavors.
  3. Commensurate with ability, participate in the annual campaign with a gift at the suggested Director's Level ($500) or higher.
  4. Support the Folly through the purchase of tickets and attend performances at the Folly Theater.
  5. Assist with efforts to solicit rentals of the Folly, especially for corporate/business use during weekdays.
  6. Assist and participate in Folly Annual Classic Golf Tournament, and Benefit Galas.
Financials
Fiscal Year Start July 01, 2016
Fiscal Year End June 30, 2017
Projected Revenue $1,206,039
Projected Expenses $1,205,958
Endowment Value $450,000
Spending Policy Income Only
Form 990s
IRS Letter of Exemption
Foundation Comments
  • FYE 6/30/2015, 2014: Financial data reported using the IRS Form 990.
  • FYE 6/30/2013:  Financial data reported using the organization's audited financial statements. 
  • Foundations/corporate revenue line item may include contributions from individuals.

 

Detailed Financials
 
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$395,884$400,527$142,105
Government Contributions$0$0$0
Federal----$0
State----$0
Local----$0
Unspecified$0$0$0
Individual Contributions----$141,130
$0$0$0
$418,277$426,045$552,617
Investment Income, Net of Losses$2,448$0$0
Membership Dues$0$0$0
Special Events$94,707$21,276$89,963
Revenue In-Kind$0$0$0
Other$48,216$39,970$169,495
Expense Allocation
Fiscal Year201520142013
Program Expense$608,401$608,309$580,873
Administration Expense$237,935$238,605$208,113
Fundraising Expense$90,335$78,774$75,008
Payments to Affiliates----$0
Total Revenue/Total Expenses1.020.961.27
Program Expense/Total Expenses65%66%67%
Fundraising Expense/Contributed Revenue18%19%20%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$4,105,793$4,056,124$4,090,047
Current Assets$745,288$677,911$356,779
Long-Term Liabilities$64,369$18,996$0
Current Liabilities$21,815$40,380$55,429
Total Net Assets$4,019,609$3,996,748$4,034,618
Short-Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities34.1616.796.44
Long-Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets2%0%0%
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountEnid & Crosby Kemper Foundation $25,000 --DST Systems $100,000
Second Highest Funding Source & Dollar AmountKissick Construction $22,500 --Richard J. Stern Foundation $63,475
Third Highest Funding Source & Dollar AmountIndividual Donor $21,839 --Individual Donor $22,500
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose The Folly Theater is currently engaged in a Capital Campaign to raise funds for a new HVAC system at a cost of approximately $850,000, in order to maintain the Folly's legacy and future as a world class performing arts venue
Goal $850,000.00
Dates July 2015 to June 2018
Amount Raised to Date $15,000.00 as of June 2015
Capital Campaign Anticipated in Next 5 Years Yes
Organization Comments The Folly Theater has the following sources of revenue from annual operations: Programming income from Folly-sponsored events (Folly Jazz Series, Folly Kids' Series, and "Cyprus Avenue Live at the Folly", Special Presentations, , fundraising events (including Folly Frolic Concert, Eat, Drink & Be Jolly at the Folly Picnic & Golf Tournament), rental income from use of the facility, and contributions from our annual campaign. Our annual operating budget is customarily structured on a break-even basis to cover annual operations and projected annual "routine" maintenance costs of the building. At the heart of the Folly's mission is our stewardship role to preserve the historic Folly Theater. Not surprising for a structure that is 116 years old, there is always something in need of repair or replacement. Without question, one of our greatest challenges as a non-profit organization is in keeping up with the ongoing maintenance needs of the historic building as we strive to fulfill our mission. Just prior to the opening of the historic Folly Theater's 2000-2001 Centennial season, the Folly Board of Directors and Management successfully completed a $2.1 million renovation to the historic Theater. Our long-range goal is to build the Folly Theater's endowment fund to a level ($1.5 million as a start) sufficient to provide for the annual ongoing maintenance needs of the historic structure and secure the Folly's future. The Staff has made a concerted effort in the last 6 years to concentrate on raising funds for a special building-related fund, that has allowed us to care for some of the deferred maintenance, as well as purchase new production equipment, and take care of some current needs that will allow us to operate more efficiently (new more efficient doors, LED lighting and more).   Due to the fact that all funding of our operations must be raised through ticketing income, rentals or contributions, there is very little "margin for error" regarding the Folly's annual operations. As stated above, providing for the annual maintenance need of the historic structure is one of our greatest challenges.
Organization Name Performing Arts Foundation of KC dba Folly Theater
Address Folly Business Office
1020 Central, Suite 200
Kansas City, MO 64105
Primary Phone (816) 842-5500
CEO/Executive Director Ms. Gale B. Tallis
Board Chair Mr. Mark Seely
Board Chair Company Affiliation Lockton Companies, LLC
Year of Incorporation 1965
Former Names
Standard Theater
Century Theater
Shuberts Missouri Theater
Folly Burlesque
Folly Theater