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Friends of the Fortune president Tess Gilfedder said the group was yet to make a final decision on its future, but she hoped it would continue what might take the theatre's place.
In early May, the Fortune Theatre Trust announced its immediate closure, saying the facility was no longer financially viable.
Mrs Gilfedder said the incorporated society had started about the same time as the Fortune Theatre Trust.
It had provided volunteers to act as ushers in the theatre, sell ice creams and chocolate, and ''pretty much whatever was required''.
The society, which had more than 100 members, provided food for functions, and had raised money for the theatre in the past.
It had a meeting of its committee this week.
Mrs Gilfedder said the friends would have an extraordinary general meeting in about two months to consider options for its future.
She said the society had been ''really attached to the building'', and did work only there, and might need legal advice about a future without it.
One option was to wait and see what happened in terms of professional theatre in Dunedin, and perhaps get involved with whatever organisation might continue to provide it.
''All of those people on the committee, and probably many of those volunteers that do the ushering want to keep theatre alive in Dunedin.
''They're there because of that.''
She said it would be silly to just dissolve the society when six months down the track something else might start in the Fortune's place.
However, members might have other ideas.
A general meeting was required before any decision of the committee was ratified.