The Final Curtain
Novato Theater, a non-profit 501(c)3 organization, must dissolve. Read the statement below from our Board of Directors.
November 1, 2022
It is with deep disappointment that Novato Theater, a non-profit 501(c)3 organization, must be dissolved arising from a lack of funds to continue.
Novato Theater was formed 10 years ago with a mission to create a downtown community cultural center in downtown Novato that would serve the North Bay by providing a wide variety of arts, entertainment, and education programs. The plan included a 235-seat main theater and 50 moveable seats in an upstairs theater which could also be used for meetings and video conferences.
Underpinning this was recognition that art can create community across cultural, racial and socioeconomic divides. Art can bring beauty, can make one think, can bring innovation and improve the quality of life. It was also seen as a catalyst in developing the downtown area into a vibrant center of activity.
Hundreds of people and organizations donated to Novato Theater over the past decade, and more than 1,500 people signed a petition of support. While many wanted this community addition, the required resources proved to be unattainable. Unfortunately, Novato Theater had to face the reality that it could no longer support itself.
In dissolving Novato Theater, there are legal responsibilities to be addressed, most importantly a requirement to sell its assets and disburse those funds as permitted by the IRS. Novato Theater’s status as a 501(c)3 non-profit prevents the return, or prorated return, of donations.
The key asset of Novato Theater is the property at 924 Grant Avenue, which will be put up for sale. Novato Theater is discussing issues with the City of Novato over deed restrictions that currently would limit usage and hence affect a sale.
Novato Theater wishes to express deep gratitude to the many who contributed to the cause. Also, and importantly, it thanks the many volunteers who patiently contributed thousands of hours to this noble goal.