2024-03-15T08:06:06-05:00 2023-04-30 410746749 CLIFTONLARSONALLEN LLP 4501 TAMIAMI TRAIL NORTH SUITE 200 NAPLES FL 341033548 990 2022-05-01 596154976 THE NAPLES PLAYERS INC NAPL 2394347340 701 5TH AVENUE SOUTH NAPLES FL 341026662 ROBERT W UEK TREASURER 2394347340 2024-03-14 1 ROBERT UEK XXX-XX-XXXX 0 AMELIA COOPER P00437898 2392628686 2024-03-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRYCE ALEXANDER 701 5TH AVENUE SOUTH NAPLES FL 341026662 9293372 0 X WWW.NAPLESPLAYERS.ORG X 1959 FL THE NAPLES PLAYERS MISSION IS TO BUILD COMMUNITY THROUGH EXCEPTIONAL ACCESS TO THE POWER OF THEATRE. 17 17 37 728 39800 0 10607582 6461197 1862863 2081878 2062 -301917 -18786 82974 12453721 8324132 0 0 0 0 1789559 2139433 0 0 306882 2076625 2565723 3866184 4705156 8587537 3618976 22577856 25224515 772857 3085348 21804999 22139167 TO BUILD COMMUNITY THROUGH EXCEPTIONAL ACCESS TO THE POWER OF THEATRE, PROVIDING A CULTURAL HUB THAT LEADS A SHIFT IN THE NATIONAL PERCEPTION OF HOW THEATRES CAN IMPACT THEIR COMMUNITIES. 0 0 2696855 1393729 MAINSTAGE - THE MAINSTAGE IS THE LARGEST SPACE, PROSCENIUM STYLE, AND USED TO PRESENT MUSICALS, PLAYS, CONCERTS, AND LECTURES; AS WELL AS USED FOR THE PRESENTATION OF YOUTH PRODUCTIONS, CLASSES, AND PROGRAMS FOR CHILDREN INVOLVED IN THE EDUCATION PROGRAM. IT IS MADE AVAILABLE FOR COMMUNITY RENTAL ON DATES THAT IT IS NOT IN-USE BY THE NAPLES PLAYERS. 543714 294344 STUDIO THEATRE - THE STUDIO THEATRE IS A FLEXIBLE PERFORMANCE SPACE USED TO PRESENT INTIMATE MUSICALS, PLAYS, AND LECTURES; AS WELL AS USED FOR THE PRESENTATION OF YOUTH PRODUCTIONS, CLASSES, AND PROGRAMS FOR CHILDREN INVOLVED IN THE EDUCATION PROGRAM. IT ALSO HOSTS THE READER'S THEATRE. 539043 354005 EDUCATION & OUTREACH:EDUCATION INCLUDES BOTH THE YOUTH THEATRE PROGRAM KNOWN AS KIDZACT AND ADULT EDUCATION CLASSES WHICH FOCUS ON ARTISTIC EXPRESSION & PROCESS, INDIVIDUAL VOICE, BODY AWARENESS, COMMUNICATION STYLES, DANCE AND MUSIC. OUTREACH ENCOMPASSES A "WELLNESS THROUGH THE ARTS" PROGRAM UTILIZING THERAPEUTIC PROCESSES TO ALLOW EXPRESS, ARTS ACCESS, AND DEVELOPMENT OF CHILDREN AND ADULTS WITH A RANGE OF DISABILITIES INCLUDING, BUT NOT LIMITED TO: AUTISM, SENSORY PROCESSING DISORDERS, PARKINSON'S, ALZHEIMER'S, ANXIETY & DEPRESSION, AND MORE. 3779612 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 96 0 37 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X DOREN DANIS 2394347340 701 5TH AVENUE SOUTH NAPLES FL 34102 BRYCE ALEXANDER EXECUTIVE DIRECTOR 40.00 X X 147316 0 31462 DOREN DANIS CHIEF FINANCIAL OFFICER 40.00 X X 48458 0 16132 PEGGY MONSON PRESIDENT 5.00 X X 0 0 0 ALYSSA HANEY EXECUTIVE VICE PRESIDENT 5.00 X X 0 0 0 ROBERT W UEK TREASURER 5.00 X X 0 0 0 OTTO IMMEL SECRETARY 5.00 X 0 0 0 TED BILL DIRECTOR 1.00 X 0 0 0 DEVEREAU DEDE BROWNLEE DIRECTOR 1.00 X 0 0 0 DENNIS GLASS IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 BRUCE GRAEV DIRECTOR 1.00 X 0 0 0 ROBIN BACHE GRAY DIRECTOR 1.00 X 0 0 0 ALAN JAFFE DIRECTOR 1.00 X 0 0 0 TERRY LIBBY DIRECTOR 1.00 X 0 0 0 BETH PETRUNOFF DIRECTOR 1.00 X 0 0 0 PATRICIA POLLOK DIRECTOR 1.00 X 0 0 0 KELLEY GERAGHTY PRICE DIRECTOR 1.00 X 0 0 0 NANCY RIBORDY DIRECTOR 1.00 X 0 0 0 NANCY WOOLF DIRECTOR 1.00 X 0 0 0 KAT ZAGEL DIRECTOR 1.00 X 0 0 0 195774 0 47594 1 0 1 0 0 X 919540 49687 5491970 6608 6461197 PLAYS AND MUSICALS 711110 2035538 2035538 PROGRAM AD SALES 711110 39800 39800 MEMBERSHIP DUES 711110 6540 6540 2081878 120283 120283 422198 844398 -422200 -422200 -422200 58000 919540 79051 -21051 -21051 85609 45791 39818 39818 EMPLOYEE RETENTION CREDIT 900099 64207 64207 64207 8324132 2042078 39800 -218943 286894 140099 126781 20014 1431444 1062737 216887 151820 13360 9352 2672 1336 282541 197779 56508 28254 125194 87636 25039 12519 19708 14781 3942 985 22000 16500 4400 1100 62046 33025 24303 4718 235029 194282 40747 197906 160774 29739 7393 47054 35290 9411 2353 121016 121016 267800 214935 39649 13216 7780 5835 1556 389 61411 5327 1726 54358 287837 282080 5757 63519 50815 6352 6352 PRODUCTION COSTS 828974 828974 TICKET EXPENSE 150647 150647 BOARD EXPENSES 59593 44695 14898 EDUCATION 58178 58178 75225 64855 8295 2075 4705156 3779612 618662 306882 600 18786 3788683 9472028 3817188 3549457 442040 245361 215723 182763 8708481 3985959 3887550 4722522 8670023 5385215 1756049 1648383 22577856 25224515 109720 798971 663137 785209 0 1501168 772857 3085348 X 4543651 3879252 17261348 18259915 21804999 22139167 22577856 25224515 X 3618976 -3284808 X 0 1 X 1 0 X 1180961 1661070 3006509 10607582 6461197 22917319 1760280 1892924 394111 1814163 2042078 7903556 175618 115451 52210 127465 143609 614353 3116859 3669445 3452830 12549210 8646884 31435228 212459 111211 377551 1603825 848410 3153456 0 212459 111211 377551 1603825 848410 3153456 28281772 47641 25480 7067 12552 120283 213023 18002 18002 65643 25480 7067 12552 120283 231025 64207 64207 3182502 3694925 3459897 12561762 8831374 31730460 0.89130 0.89960 0.00730 0.00580 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: EMPLOYEE RETENTION CREDIT - 2022 AMOUNT: $ 64,207. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47706 47706 5650047 3985959 1664088 7521 7521 919677 919677 2083530 2083530 4722522 BENEFICIAL INTEREST IN NET ASSETS OF OTHERS (SEE SCHEDULE O) 5385215 F 5385215 SECURITY DEPOSIT 36781 RIGHT OF USE ASSETS 1501168 LOAN FINANCING FEES 110434 1648383 LEASE OBLIGATIONS 1501168 1501168 X 5487619 -2816817 -2816817 8304436 19696 19696 8324132 5153451 467991 467991 4685460 19696 19696 4705156 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOOD AND BEVERAGE COST OF GOODS SOLD 45,791. CHANGE IN THE VALUE OF BENEFICIAL INTEREST -3,284,808. LOSS ON DISPOSAL OF FIXED ASSETS 422,200. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER EVENT EXPENSES 19,696. PART XII, LINE 2D - OTHER ADJUSTMENTS: FOOD AND BEVERAGE COST OF GOODS SOLD 45,791. LOSS ON DISPOSAL OF FIXED ASSETS 422,200. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER EVENT EXPENSES 19,696. GALA 977540 919540 58000 16778 32757 5425 24091 977540 919540 58000 16778 32757 5425 24091 79051 -21051 X X X X 0 0 0 0 0 0 0 0 0 BRYCE ALEXANDER EXECUTIVE DIRECTOR 147316 0 0 0 0 0 7977 0 23485 0 178778 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE PRESIDENT, AS CHAIR, AND ALL OTHER OFFICERS, TOGETHER WITH THE IMMEDIATE PAST PRESIDENT, SHALL CONSTITUTE THE EXECUTIVE COMMITTEE. THE EXECUTIVE DIRECTOR SHALL BE PRESENT AT MEETINGS OF THE EXECUTIVE COMMITTEE, UNLESS EXCUSED BY THE COMMITTEE, BUT SHALL NOT BE A MEMBER THEREOF. THE EXECUTIVE COMMITTEE SHALL PROVIDE OVERSIGHT FOR THE ACTIONS OF THE EXECUTIVE DIRECTOR, OVERSEE STRATEGIC PLANNING, AND MAY EXERCISE THE POWERS OF THE BOARD BETWEEN MEETINGS OF THE BOARD. ALL ACTIONS TAKEN SHALL BE REPORTED TO THE BOARD AT ITS NEXT MEETING. REGULAR SCHEDULED MEETINGS OR SPECIAL MEETINGS MAY BE CALLED BY THE PRESIDENT, THE EXECUTIVE DIRECTOR, OR BY ANY TWO (2) MEMBERS OF THIS COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE CORPORATION SHALL BE OPEN TO ALL PERSONS WHO SHARE AN INTEREST AND BELIEF IN THE PURPOSES OF THE CORPORATION. EACH MEMBER MUST BE CURRENT IN THE PAYMENT OF DUES AND MEET CERTAIN MEMBERSHIP REQUIREMENTS AS ESTABLISHED BY THE BOARD OF DIRECTORS IN ORDER TO PARTICIPATE ACTIVELY AS A MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER WHO HAS REACHED HIS OR HER MAJORITY SHALL BE ELIGIBLE TO VOTE FOR THE ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ELECTION OF THE BOARD OF DIRECTORS IS NOW PLACED IN THE HANDS OF THE BOARD OF DIRECTORS. THE MEMBERSHIP CAN STILL RECOMMEND INDIVIDUALS (SENT TO THE GOVERNANCE COMMITTEE). FORM 990, PART VI, SECTION B, LINE 11B AFTER REVIEW BY CFO AND TREASURER, FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS FOR REVIEW WITHOUT DONOR DETAIL FOR CONFIDENTIALITY PURPOSES, AFTER FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IF A BOARD OR COMMITTEE MEMBER HAS AN INTEREST IN A PROPOSED TRANSACTION WITH TNP IN THE FORM OF A SIGNIFICANT PERSONAL OR ORGANIZATIONAL FINANCIAL INTEREST IN THE TRANSACTION OR HOLDS A POSITION AS TRUSTEE, DIRECTOR, OFFICER, OR STAFF MEMBER IN SUCH ORGANIZATION, HE OR SHE MUST MAKE FULL DISCLOSURE OF SUCH INTEREST BEFORE ANY DISCUSSION OR NEGOTIATION OF SUCH TRANSACTION. ANY BOARD OR COMMITTEE MEMBER WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD OR THE COMMITTEE SHALL NOT PARTICIPATE IN ANY DISCUSSION OF OR VOTE IN CONNECTION WITH THE MATTER UNLESS INVITED TO RESPOND TO QUESTIONS OR PROVIDE FACTUAL INFONNATION BY THE BOARD OR COMMITTEE CHAIR. ANNUALLY, BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY BUSINESS OR PERSONAL RELATIONSHIPS BETWEEN OFFICERS, TRUSTEES, KEY EMPLOYEES AND VENDORS WITH WHOM TNP CONDUCTS BUSINESS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED ON A YEARLY BASIS BY INDEPENDENT MEMBERS OF THE GOVERNING BODY. COMPARABILITY DATA TO OTHER NON-PROFIT ORGANIZATIONS IS USED IN ORDER TO EVALUATE COMPENSATION. ALL DISCUSSION AND DELIBERATIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING OF THE INDEPENDENT MEMBERS OF THE GOVERNING BODY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990 , PART VIII, LINE 1H THEATRE RENOVATION AND EXPANSION PROJECT: IN THE YEAR ENDED APRIL 30, 2021, THE ORGANIZATION BEGAN A CAPITAL CAMPAIGN TO RAISE FUNDS FOR A MAJOR RENOVATION AND EXPANSION PROJECT. CONSTRUCTION ON THE PROJECT BEGAN IN APRIL 2023 AND IS EXPECTED TO BE COMPLETED BY THE END OF 2024. THE PROJECT PROVIDES ADDITIONAL REVENUE-PRODUCING AND COMMUNITY PROGRAMMING SPACE INCLUDING AN INCREASE FROM A 300 TO A 450-SEAT PROSCENIUM THEATER WITH A NEW BALCONY LEVEL, A NEW 105-SEAT BLACK BOX EDUCATIONAL THEATRE, A SENSORY FRIENDLY VIEWING ROOM, AND NEW STUDENT AND ADULT REHEARSAL SPACE AND CLASSROOMS. TOTAL PROJECT COSTS ARE ESTIMATED TO BE IN THE AMOUNT OF $21,500,000. AS OF APRIL 30, 2023, THE ORGANIZATION HAS SPENT $2,100,000 WITH THE REMAINING BALANCE OF THE PROJECT COSTS IN THE AMOUNT OF $19,400,000 TO BE INCURRED IN FUTURE YEARS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST -3,284,808. PLEDGES DISCOUNTS FORM 990 , PART XI LINE 9 AND SCHEDULE D PART VII LINE A BENEFICIAL INTEREST IN NET ASSETS OF OTHERS: IN 2013, THE ORGANIZATION TRANSFERRED FUNDS TO THE NAPLES PLAYERS ENDOWMENT, INC. (ENDOWMENT), A THEN NEWLY FUNDED LEGAL ENTITY. THE FUNDS TRANSFERRED WERE PRIMARILY OF FIXED INCOME, MUTUAL AND EXCHANGE TRADED FUNDS, EQUITY SECURITIES, AND CASH. THE ENDOWMENT IS RESPONSIBLE FOR THE INVESTMENT MANAGEMENT AND CUSTODY OF THE FUNDS, AND IT USES AN INDEPENDENT PROFESSIONAL INVESTMENT ADVISOR AND CUSTODIAN. THE ASSETS OF THE ENDOWMENT ARE COMPRISED PRIMARILY OF CASH, MUTUAL AND EXCHANGE TRADED FUNDS, AND EQUITY SECURITIES. THE ENDOWMENT HOLDS THE FUNDS, AND ALL FUNDS ARE SOLELY FOR THE BENEFIT OF THE ORGANIZATION. SINCE THE ENDOWMENT SOLELY SUPPORTS THE ORGANIZATION, THE ENDOWMENT IS CONSIDERED FINANCIALLY INTERRELATED TO THE ORGANIZATION. AS A RESULT, THE BENEFICIAL INTEREST IN THE ASSETS OF THE ENDOWMENT IS RECORDED IN THE FINANCIAL STATEMENTS OF THE ORGANIZATION. A PORTION OF THE UNRESTRICTED ASSETS OF THE BENEFICIAL INTEREST ARE COLLATERALIZED AS PART OF THE NOTE PAYABLE DISCUSSED IN NOTE 14.