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Solomon Valley Cinema Inc

EIN 48-1127964 · Beloit, KS

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak42 out of 100GovernanceWeak12 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO MAINTAIN THE CINEMA ARTS IN A SMALL COMMUNITY

Income
$143,548
Spending
$141,871
Spent on programs
100%
Reserves
-3.5 months of spending
Largest source of income
fees for its services, 60%
Employees
12
Volunteers
9

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 42 out of 100. Higher than 14% of charities in its peer group (arts and culture, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 70% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 1% of income.

  • Income trend

    10 of 15

    Income fell 7% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 12 out of 100. Higher than 0% of charities in its peer group (arts and culture, under $250k).

  • Independent board

    0 of 25

    0 of 0 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    0 of 5

    Reports that it does not keep minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. SEE ATTACHMENT #2 THE CINEMA BEGAN WHEN COMMUNITY PEOPLE WANTED TO BUILD A THEATER IN BLOIT. THE MITCHELL COUNTY FOUNDATION WAS FORMED SO CONTRIBUTORS COULD MAKE TAX FREE DONATION AND A BOARD OF FIVE WAS APPOINTED TO HEAD UP THE CINEMA PROJECT, MOST OF THE WORK ON THEATER WAS DONE BY DONATED LABOR. OVERALL, THERE WERE CLOSE TO 200 VOLUNTEERS WHO HELPED BUILD THE BUILDING WITH MANY BELOIT BUSINESSES AND PEOPLE PLEADGING TIME, MONEY, AND MATERIALS. THE THEATER WAS INITIALLU RUN BY AREA VOLUNTEERS AND THE BOARD MEMBERS. TWO PEOPLE A NIGHT WERE SCHEDULE TO RUN THE PROJECTORS, SELL TICKETS AND CONCESSIONS. AS REVENUE INCREASED, THEY HIRED A MANAGER AND HIGH SCHOOL STUDENTS. IT IS WITH GREAT PRIDE THROUGH THE YEARS THE CINEMA HAS CONTRIBUTED SOME OF ITS EXCESS REVENUE BACK TO MITCHELL COUNTY
  2. THE CINEMA BEGAN WHEN COMMUNITY PEOPLE WANTED TO BUILD A THEAZTER IN BELOIT. THE MITCHELL COUNTY FOUNDATION WAS FORMED SO CONTRIBUTORS COULD MAKE A TAX FREE DONATION AND A BOARD OF FIVE WAS APPOINTED TO HEAD UP THE CINEMA PROJECT. MOST OF THE WORK ON THE THEATER WAS DONE BY DONATED LABOR. OVERALL, THERE WERE CLOSE TO 200 VOLUNTEERS WHO HELPDED BUILD THE BUILDING WITH MANY BELOIT BUSINESSES AND PEOPLE PLEDGING TIME, MONEY, AND MATERIALS. THE THEATER WAS INITIALLY RUN BY AREA VOLUNTEERS AND THE BOARD MEMBERS. TWO PEOPLE A NIGHT WERE SCHEDULED TO RUN THE PROJECTORS AND SELL TICKETS AND CONCESSIONS. AS REVENUE INCREASED, THEY HIRED A MANAGER AND HIGH SCHOOL STUDENTS. IT IS WITH GREAT PRIDE THROUGH THE YEARS THE CINEMA HAS CONTRIBUTRED SOME OF ITS ECVESS REVENUE BACK TO MITHCELL COUNTY

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1993.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.