The Egyptian Theatre does not receive operational funding support from any government entity. Our revenue is generated by earned sources: ticket sales to events, rental of the theatre to groups for events, concession & merchandise sales, box office fees, and contributed sources: donations, memberships, sponsorships and grants.
Preservation of the Egyptian Theatre, Inc. (P.E.T.), a 501(c)(3) non-profit organization, owns and operates the historic Egyptian Theatre.
Currently P.E.T. is carrying no debt.
Fiscal Year 2017 (July 1, 2016 – June 30, 2017)
Gross Revenue = $383,960
Total Expenses = $355,610
Net Gain/Loss = $28,350
The City of DeKalb has generously supported the Egyptian Theatre for many years with funding towards capital projects. Eligible capital projects must be a repair or improvement to the building and can not include any operating expenses for staff or utilities. Bills for these approved capital projects are submitted to the City of DeKalb for payment. Therefore that funding and those project expenses do not get reflected in our annual financial statements. For FY 2017 the City of DeKalb awarded $100,000 for approved capital projects for the Egyptian Theatre. That funding comes from the City of DeKalb downtown Tax Increment Financing (TIF) district.
The Egyptian Theatre has an endowment that was established after the restoration in 1983. The endowment is currently managed by the DeKalb County Community Foundation. The balance as of 7/1/17 was $103,288. An annual disbursement of roughly 4% is used for the ongoing operations and maintenance of the historic Egyptian Theatre.
The Egyptian Theatre has a reserve account that is invested with the DeKalb County Community Foundation through an agency fund. The balance as of 7/1/17 was $27,539. We hope to grow our reserve fund to increase our financial security.
For more information contact our Executive Director.