LIBERTY RESTORATION INC

EIN: 870452722 501(c)(3) Arts, Culture & Humanities

ASTORIA, OR

Total Revenue
$3,506,292
Total Expenses
$1,821,444
Total Assets
$6,556,852
Net Assets
$6,511,465
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
OR
Principal Officer
JENNIFER CROCKETT
Phone
5033255922
Tax Period
2024-07-01 to 2025-06-30

LIBERTY RESTORATION INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 165% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 48% operating margin.

Mission

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION: THE LIBERTY THEATRE IS A COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 26,000 ATTENDEES YEARLY. EDUCATIONAL PROGRAMMING THROUGH KIDS MAKE THEATRE: AFTER-SCHOOL, WEEKEND, AND CAMPS YEAR ROUND, FREE WORKSHOPS, FIELD TRIPS, AND LOW-COST PERFORMANCES. 2,900 STUDENTS SERVED YEARLY. DUE TO COVID-19, THE THEATRE WAS CLOSED TO PUBLIC EVENTS FOR NEARLY 18 MONTHS, RESULTING IN A SHORTFALL FROM LOST MARKETING, RETURNED TICKET FEES, REDUCED AUDIENCES, AND PERFORMANCE DEPOSITS. THEATRE DID NOT FULLY REOPEN UNTIL OCTOBER 2021. AUDIENCES WERE SLOW TO RETURN DUE TO UNCERTAINTY ABOUT THE VIRUS. HIGHER PROGRAM COSTS DUE TO REDUCED ENTERTAINMENT TOURING INDUSTRY AND HIGH COSTS OF PERFORMANCE FEES AND MARKETING.

Program Service Accomplishments

Program 1
Expenses: $931,748 Revenue: $564,052

COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 17,000 ATTENDEES YEARLY. DUE TO COVID-19 THE THEATRE WAS CLOSED TO PUBLIC EVENTS AS OF MARCH 13, 2020, RESULTING IN A...

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COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 17,000 ATTENDEES YEARLY. DUE TO COVID-19 THE THEATRE WAS CLOSED TO PUBLIC EVENTS AS OF MARCH 13, 2020, RESULTING IN A SHORTFALL FROM LOST MARKETING, RETURNED TICKET FEES, REDUCED AUDIENCES, AND PERFORMANCE DEPOSITS. THEATRE DID NOT FULLY REOPEN UNTIL OCTOBER, 2021. AUDIENCES WERE SLOW TO RETURN DUE TO UNCERTAINTY ABOUT THE VIRUS. HIGHER PROGRAM COSTS DUE TO REDUCED ENTERTAINMENT TOURING INDUSTRY AND HIGH COSTS OF PERFORMANCE FEES AND MARKETING.

Program 2
Expenses: $56,360 Revenue: $88,169

THE LIBERTY THEATRE IS A COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 26,000 ATTENDEES YEARLY. EDUCATIONAL PROGRAMMING THROUGH KIDS MAKE THEATRE: AFTER-SCHOOL...

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THE LIBERTY THEATRE IS A COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 26,000 ATTENDEES YEARLY. EDUCATIONAL PROGRAMMING THROUGH KIDS MAKE THEATRE: AFTER-SCHOOL, WEEKEND, AND CAMPS YEAR AROUND, FREE WORKSHOPS, FIELD-TRIPS, AND LOW COST PERFORMANCES. 2,900 STUDENTS SERVED YEARLY.

Program 3
Expenses: $7,038 Revenue: $6,367

MAINTENANCE AND RENOVATION OF STAGE SUPPORT AREAS TO INCREASE INFRASTRUCTURE AND PROGRAMMING ABILITY OF OUR HISTORIC THEATRE. THEATRE DID NOT FULLY REOPEN UNTIL OCTOBER, 2021 WITH CAPITAL CAMPAIGN...

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MAINTENANCE AND RENOVATION OF STAGE SUPPORT AREAS TO INCREASE INFRASTRUCTURE AND PROGRAMMING ABILITY OF OUR HISTORIC THEATRE. THEATRE DID NOT FULLY REOPEN UNTIL OCTOBER, 2021 WITH CAPITAL CAMPAIGN AND IMPROVEMENTS LARGELY SUSPENDED UNTIL 2023.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,400,640
Program Service Revenue $577,967
Investment Income $453,336
Other Revenue $74,349
TOTAL REVENUE $3,506,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $518,747
Fundraising Expenses $257,825
Program Expenses $995,146
Other Expenses $1,302,697
TOTAL EXPENSES $1,821,444

Year-over-Year Comparison

2024 2023 Change
Revenue $3,506,292 $1,324,024 +1.6%
Expenses $1,821,444 $1,404,917 +0.3%
Net Income $1,684,848 $-80,893 -21.8%
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
12
Independent Members
12
Employees
15
Volunteers
98

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
5
$84,799
Total Directors
12
$84,799
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER CROCKETT EXECUTIVE DI 40.00
Officer Director
$84,799 $0 $84,799
RYAN BLUM DIRECTOR N/A
Director
$0 $0 $0
MIKE BROSIUS TREASURER N/A
Officer Director
$0 $0 $0
BRETT ESTES DIRECTOR N/A
Director
$0 $0 $0
NORMA HERNANDEZ PRESIDENT 1.00
Officer Director
$0 $0 $0
NATHAN LAMPSON DIRECTOR N/A
Director
$0 $0 $0
JULIE LEWIS VICE PRESIDE N/A
Officer Director
$0 $0 $0
JOSH STELLMON DIRECTOR N/A
Director
$0 $0 $0
DEBORAH STENVALL DIRECTOR N/A
Director
$0 $0 $0
DULCYE TAYLOR DIRECTOR N/A
Director
$0 $0 $0
KATHERINE WATSON SECRETARY N/A
Officer Director
$0 $0 $0
BRAD WENGER DIRECTOR N/A
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 $3,506,292 $1,821,444 $6,556,852 $1,684,848
2024 No data No data No data No data
2023 $1,153,757 $1,495,588 $5,219,328 $-341,831
2022 $1,208,704 $1,235,122 $5,528,880 $-26,418
2021 $968,434 $587,531 $5,471,822 $380,903
2020 $955,311 $695,231 $5,081,869 $260,080
2020 $1,038,478 $695,231 $5,165,036 $343,247
2019 $759,907 $876,136 $4,688,833 $-116,229
2018 $371,937 $366,582 $6,235,039 $5,355
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