Fiscal Year 2007 Ends in the Black

The Foundation is extremely proud to announce that, for the second year in a row, the organization has ended its year in the black. Total expenditures were $591,236 and total revenue was $592,943, leaving a net income of $1707. Audience for the year grew by 6%, with 29,347 attending 411 events (an average of more than one a day).

Income came from these areas:
Fundraising Events (such as the annual auction and the Porterhouse Brewfest) 27%
Membership 19%
Rentals 16%
Individual Sponsors 14%
Grants 12%
Concessions 9%
Concerts 3%

We experienced losses of $20,000 in film and $1500 in the Arts In Education Series (school shows).

Most notable changes from fiscal year 2006 to fiscal year 2007 are:
35% increase in overall revenue
35% increase in overall expenses
89% increase in net rental income
23% increase in net concession income
11% increase in net fundraising income

The Foundation wishes to thank all its members, film goers, concert patrons, volunteers and sponsors for your passionate support of the historic Lincoln Theatre. Our doors could not be open without you.