The Park Theater Trust

EIN: 843216944 501(c)(3) Arts, Culture & Humanities

Lafayette, CA

Total Revenue
$1,535,106
Total Expenses
$74,405
Total Assets
$10,358,490
Net Assets
$9,688,731
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
Kathy Bowles
Phone
5102190671
Tax Period
2025-01-01 to 2025-12-31

The Park Theater Trust, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2025. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 95% operating margin.

Mission

films, throwback favorites, and engaging non-film events. Our goal is for The Trust to own the Park Theater building for the community, protect the Theater from outside development, and retain it for the enjoyment of future generations.

Program Service Accomplishments

Program 1
Expenses: $31,810

Initially called together as a volunteer task force by the City of Lafayette, The Park Theater Trust (TPTT) is a 501(c)(3) Public Benefit corporation. In April 2019, we were awarded seed monies by...

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Initially called together as a volunteer task force by the City of Lafayette, The Park Theater Trust (TPTT) is a 501(c)(3) Public Benefit corporation. In April 2019, we were awarded seed monies by the Community Foundation of Lafayette (CFL), and in February 2020, we received our formal determination letter from the IRS confirming our tax-exempt status. TPTT has since been the recipient of four additional Excellence Grants by CFL. Primarily due to private donations and grants from family foundations, CFL and other institutions including the City of Lafayette, TPTT raised the $3 million required to purchase the Park Theater property for the community, and closed escrow in December 2021.

Program 2

Reopening the Park Theater consistently ranks in the top four community concerns a priority of citizens, local businesses, and the City. As an anchor of a revitalized town center, the Park will...

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Reopening the Park Theater consistently ranks in the top four community concerns a priority of citizens, local businesses, and the City. As an anchor of a revitalized town center, the Park will become a magnet a center for newly released Hollywood movies and classics, independent and foreign films, and creative programming to appeal to all ages. The time is NOW for the Park Theater to resume its rightful place in this newly vibrant scene and shine again in the role for which it was created: Entertaining and engaging the entire Lafayette community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,392,493
Program Service Revenue $0
Investment Income $168,465
Other Revenue $-25,852
TOTAL REVENUE $1,535,106

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $31,810
Other Expenses $74,405
TOTAL EXPENSES $74,405

Year-over-Year Comparison

2025 2024 Change
Revenue $1,535,106 $2,598,400 -0.4%
Expenses $74,405 $60,228 +0.2%
Net Income $1,460,701 $2,538,172 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
31

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathy Bowles President 3.00
Officer Director
$0 $0 $0
Jana Corey Secretary 13.00
Officer Director
$0 $0 $0
Angela Ferrif Treasurer 5.00
Officer Director
$0 $0 $0
Tracey Karsten Farrell CFO 18.50
Officer Director
$0 $0 $0
Peter Berkowitz Director 11.00
Director
$0 $0 $0
JOHN MCCORMICK Director 6.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,535,106 $74,405 $10,358,490 $1,460,701
2024 No data No data No data No data
2023 $1,695,301 $53,156 $6,217,888 $1,642,145
2022 $1,061,788 $311,334 $5,074,760 $750,454
2021 $3,334,205 $44,332 $4,540,147 $3,289,873
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