Her comment was from finding information connected with a ministry that early on was thought to have taken over the building to open yet another church not needed in that area.

And wondered how it could happen with their confusing and questionable financial statements?

Eric

via Todd Waldo with much thanks! The official unveiling of the marquee should be in the next few weeks.

Now, decades after Mr. Robinson left his mark, about $1 million is being invested to turn the building into a community space whose offerings would include dance and drama classes for young people.

The theater on 25th Street (East End Theater) is a shambles and don’t see how anything can be done with it? The owners saw fit to completely gut the building down to the dirt ground and doesn’t even have a roof on it – only 4 walls (a shell). Anything done to that building will need extensive work and a lot of money. Why did they gut it???? And it has sat empty for several years and as one person put it, is one big pigeon coop. I “think” there is some sort of plan in the near future for the 25th Street theater but as with other buildings within the old historic districts, zoning for parking is an issue and there is no allotted parking for it.

The following information summarizes their assetts, mission statement, programs, etc. I will have to contact the Effective Ministries, Inc. directly to fully understand the work they are doing at the Robinson Theather. However., if anyone here can correct what I found on the IRS 990 form and share it with the rest of us, I think it would be appreciated by Effectivce Ministries. Someone can ask for an explaination of their programs if they are curious about the next three projects listed on their 990 form:
1. an orphanage

2. provided 2 wells to provide drinking
water
3. ASSISTED SEVERAL EXEMPT ORGANIZATIONS 501 (c) (3) WITH SUPPORT HELP SO THAT THEIR EXEMPT PURPOSES COULD BE MET AND MORE MINISTRY WORK COULD BE DONE.

Here is the detail from JustGive.org that takes financial, program and activity data from the annual IRS 990 form and puts it into a format to be easily understood by the average donor:

Year Founded: Information not available
Ruling Year: 2006
Fiscal Year: December 31, 2007
Assets: $12,992
(from Dec 31, 2007 Form 990)
Income: $939,678
(from Dec 31, 2007 Form 990)
No. of Board Members: Information not available
No. of Full-Time Employees: Information not available
No. of Part-Time Employees: Information not available
No. of Volunteers: Information not available

BOARD OF DIRECTORS: Name, Title
CHARLES MANSIE, Treasurer
ALEXANDER DIFFEE, Secretary
MICHAEL THALER, President

MISSION AND PROGRAMS

Mission:
EMPLOYEES ARE HIRED TO WORK FOR IRC 501(c) (3) ORGANIZATIONS TO MAKE SURE THAT THE MINISTRIES OF THESE ORGANIZATIONS ARE AS EFFECTIVE AS POSSIBLE.

(HUH????)

Programs
1. CONSTRUCTED AN ORPHANAGE SO THAT ORPHANED CHILDREN COULD BE RAISED IN A HEALTHY AND SAFE ENVIRONMENT. (HUH??? WHERE)

2. CONSTRUCTED TWO WELLS SO THAT THE COMMUNITY WOULD HAVE ACCESS TO A SANITARY DRINKING WATER SUPPLY.
(HUH?? WHERE? WHEN? WHY? )

3. ASSISTED SEVERAL EXEMPTORGANIZATIONS 501 (c) (3) WITH SUPPORT HELP SO THAT THEIR EXEMPT PURPOSES COULD BE MET AND MORE MINISTRY WORK COULD BE DONE.
(WHICH EXEMPT 501c3 ORGS? WHAT KIND OF HELP WAS GIVEN?)

FINANCIAL DATA:
Revenues and Expenses: Fiscal Year Ending December 31, 2007
REVENUE
Contributions $939,638
Government Grants $0
Program Services $0
Investments $40
Special Events $0
Sales $0
Other $0
Total Revenue $939,678
EXPENSES
Program Services $862,427 (were the 2 wells and the orphanage building considered “program services”?)
Administration $0
Other $0
Total Expenses $862,427
Net Gain/Loss $77,251

——————————————————————————–

Balance Sheet: Fiscal Year Ending December 31, 2007
Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization’s total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization’s current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

ASSETS January 1, 2007 December 31, 2007 Change
Cash & Equivalent $8,909 $4,562 ($4,347)
Accounts Receivable $0 $0 $0
Pledges & Grants Receivable $0 $0 $0
Receivable / Other $0 $0 $0
Inventories for Sale of Use $0 $0 $0
Investment/Securities $0 $0 $0
Investment/Other $0 $0 $0
Fixed Assets $0 $0 $0
Other $0 $8,430 $8,430
Total Assets $8,909 $12,992 $4,083
LIABILITIES January 1, 2007 December 31, 2007 Change
Accounts Payable $0 $0 $0
Grants Payable $0 $0 $0
Deferred Revenue $0 $0 $0
Loans and Notes $100,000 $26,832 ($73,168) – This suggests they borrowed money instead of pursuing grant funding or raising funds through a community fundraiser.
Tax-Exempt Bond Liabilities $0 $0 $0
Other $0 $0 $0
Total Liabilities $100,000 $26,832 ($73,168)
FUND BALANCE ($91,091) ($13,840) $77,251

Eric