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Rees Theatre Inc

EIN 82-3021665 · Plymouth, IN

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

LegitimacyPassesRegistration and standingFinancial healthFair58 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The REES Theatre Inc.s mission is to restore maintain and operate the historic Rees Theatre as an arts cultural and educational resource for the use and benefit of the community. In late 2022 the organization completed the final phase of its renovation and restoration of the theatre building and opened to the public. 2024 marked The REES Theatres second full year of operation as a center for arts education culture and celebration.

Income
$420,958
Spending
$327,113
Spent on programs
64%
Reserves
-13.5 months of spending
Largest source of income
donations and private grants, 62%
Employees
24
Volunteers
50

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 58 out of 100. Higher than 27% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    0 of 35

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

  • Debt

    20 of 20

    It owes 10% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 22% of income.

  • Income trend

    15 of 15

    Income rose 1% on the year before.

  • Spending floor

    8 of 15

    64% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 91 out of 100. Higher than 75% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • 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, 2024, 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. $1,301 spent. For almost seventy years the Rees Theatre in downtown Plymouth,Indiana served as the areas hub for family entertainment. Sadly in 2009 the 1940 Art Deco theatre closed and fell into disrepair. Recognizing the value of the building as an important cultural and historic landmark for the people of Plymouth and Marshall County a group of concerned citizens began meeting in 2016 and 2017 to explore how to bring the Rees Theatre back to life as a center for arts culture and education. In 2018 the Rees Theatre Inc. commenced the multi-phased restoration renovation and repurposing work on the building. The organization worked with architects engineers audio-visual experts and construction professionals for four years and proudly reopened the Rees Theatre doors to the public in October 2022. 2023 saw a few finishing touches being added to the restored theatre as well as final consultations with engineers architects and AV experts. In 2024 mechanical repairs and routine maintenance also took place. Also work began on the third floor of the Theatre. This area will house offices and meeting entertainment space.
  2. $208,122 spent. In its 2024 programming season the Rees Theatre presented an exciting and diverse slate of movies performances educational programs and community events. Highlights from the busy year included: *Cinema - Seasoned Citizens matinees childrens movies; *Theater - Community theater and comedy acts; *Music - Live performances featuring bands and artists representing a diverse array of musical genres; *Education - Workforce training and seminars workshops academic lectures documentary presentations elementary field trips academic award programs speech and debate team showcase; *Civic - public forum nights service and community club meetings fundraisers and award presentations; and *Celebrations - graduation parties holiday parties class reunions wedding events. For each happening at The REES volunteers welcomed the community serving as ushers concessions workers and post-event cleaners. Paid audio-visual technicians and artistic directors ensured that presentations at The Rees were of a high caliber. Even when not hosting an event or program the Rees Theatre serves as a center for community connection. The restored lighted marquee continues to enhance the downtowns streetscape announcing community events messages of support and celebration and as an official Marshall County emergency messaging board messages of public importance. Individuals and groups may sponsor their own marquee posts to publicize non-profit events proclaim happy occasions or commemorate milestones. The Rees Theatre looks forward to 2025 and another year of bringing the community together to celebrate arts education culture and milestones.

Source: Form 990 for the year ending December 31, 2024, 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 October 13, 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 October 13, 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 October 13, 2026.

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

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

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

    Recognized by the IRS since January 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 21, 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.