Budget & Funding Sources

Preservation of Egyptian Theatre, Inc. (P.E.T.), a 501(c)(3) non-profit organization, owns and operates the historic Egyptian Theatre.

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.  The only annual operating support received from any government entity is a grant through the Illinois Arts Council Agency part of the State of Illinois.  This grant has averaged around $18,000 in recent years.

COVID-19 – March 13, 2020 due to the global pandemic caused by the virus COVID-19, the State of Illinois implemented restrictions that included the closure of theatres.  The Theatre was closed for many months, allowed to re-open in October 2020 with extremely limited capacity and then shut down again in November 2020.  In late January 2021 the Theatre was allowed to re-open once again with extremely limited capacity.  The remainder of 2021 was up and down with restrictions leading into January/February 2022 that had dismal attendance due to the surge of the Omicron variant.  March 2022 was the start of a very slow return to normal operations.

The financial impact from COVID-19 was devastating and will likely take years to recover.  For the period of March 2020 – March 2022:
>The revenue loss is estimated at $1.5 million.
>185 events were canceled or rescheduled.
>Projected attendance loss is 55,580
>Projected performers & crew impacted is 3,750+

COVID-19 Relief Funding Received

Fiscal Year 2022 (July 1, 2021 – June 30, 2022)

Total Revenue & Support = $2,232,504
Total Expenses = $1,735,988
Net Gain/Loss = $496,516

Note: There was a $6.5 million capital project that spanned multiple years with income and expenses for this project spanning FY 19 through FY 22.  Net Gain/Loss for those fiscal years not representative of operating alone.

FY 2021 Audited Financials
FY 2020 Audited Financials
FY 2019 Audited Financials
FY 2018 Audited Financials

FY 2021 Tax Form 990
FY 2020 Tax Form 990
FY 2019 Tax Form 990
FY 2018 Tax Form 990
FY 2017 Tax Form 990

Capital Support

The City of DeKalb 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.  Combined for FY 2019 and FY 2020 the City of DeKalb awarded $2.5 million for the lobby expansion and building HVAC project.  That funding came 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 4/1/23 was $97,072.48.  An annual disbursement of roughly 4% is used for the ongoing operations and maintenance of the historic Egyptian Theatre.


For more information contact our Executive Director.

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