2025-01-17T10:24:11-06:00 2024-06-30 993136398 KDP & CO LLC 395 SW BLUFF DRIVE STE 200 BEND OR 97702 990 2023-07-01 911829147 TOWER THEATRE FOUNDATION INC TOWE 5413170700 PO BOX 1378 BEND OR 97709 RAY SOLLEY EXECUTIVE DIRECTOR 5413170700 2025-01-16 1 0 BENJAMIN P MILLER CPA P01449600 5413824791 2023 2024-10-15 13:58:12Z RAY SOLLEY PO BOX 1378 BEND OR 97709 2533622 0 1 X WWW.TOWERTHEATRE.ORG X 1997 OR TO BE CENTRAL OREGON'S LEADING PERFORMING ARTS ORGANIZATION, PROVIDING CULTURAL & EDUCATION PROGRAMS THAT MAKE ESSENTIAL CONTRIBUTIONS TO THE REGION'S LIFESTYLE & STRENGTH OF COMMUNITY BY PROVIDING AN EXTRAORDINARY SPACE FOR PERFORMANCES, EDUCATION, CIVIC GATHERINGS & SOCIAL EVENTS. 12 12 44 130 0 0 817440 849567 1526665 1623173 7713 57582 0 3300 2351818 2533622 0 23372 0 0 967457 1142525 0 0 209798 1322319 1302957 2289776 2468854 62042 64768 3730064 3976006 667805 848979 3062259 3127027 X TO BE CENTRAL OREGON'S LEADING PERFORMING ARTS ORGANIZATION, PROVIDING CULTURAL & EDUCATION PROGRAMS THAT MAKE ESSENTIAL CONTRIBUTIONS TO THE REGION'S LIFESTYLE & STRENGTH OF COMMUNITY, BY PROVIDING AN EXTRAORDINARY SPACE FOR PERFORMANCES, EDUCATION, CIVIC GATHERINGS & SOCIAL EVENTS. 0 0 1796217 1626473 THE THEATRE WAS UTILIZED FOR A WIDE VARIETY OF CULTURAL EVENTS DURING THE YEAR. 5% OF THE THEATRE'S LICENSEES WERE NONPROFIT ORGANIZATIONS. 97651 7372 COMMUNITY ENGAGEMENT 152272 16000 EDUCATION 2046140 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 63 0 44 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 1 0 0 OR X KEVIN THURSTON 5413170700 PO BOX 1378 BEND OR 97709 COLIN CLARK SECRETARY 1.00 X X 0 0 0 ANTHONY ALBERTAZZI DIRECTOR 1.00 X 0 0 0 BEVERLEY MAUL CHAIR 1.00 X X 0 0 0 GARY GALLAGHER VICE CHAIR 1.00 X X 0 0 0 PHIL GAMMEL DIRECTOR 1.00 X 0 0 0 MICHAEL GESME DIRECTOR 1.00 X 0 0 0 ALETA NISSEN DIRECTOR 1.00 X 0 0 0 DOUG OAS TREASURER 1.00 X X 0 0 0 KAREN WOODRUFF DIRECTOR 1.00 X 0 0 0 ANN RHOADS DIRECTOR 1.00 X 0 0 0 VALERIE WILSON DIRECTOR 1.00 X 0 0 0 MIKE BEVAN DIRECTOR 1.00 X 0 0 0 RAY SOLLEY EXECUTIVE DIRECTOR 40.00 X 145915 0 0 145915 0 0 1 0 0 0 0 250537 186694 412336 25050 849567 EVENTS AND RELATED INC 711110 837395 837395 IN HOUSE PRESENTING 711110 592765 592765 TICKET OFFICE 711110 193013 193013 1623173 57582 57582 OTHER 711110 3000 3000 MARQUEE RENTALS 711110 300 300 3300 2533622 1626473 0 57582 X 23372 23372 145915 107248 18385 20282 909230 668284 114563 126383 87380 64924 10398 12058 4855 4855 64238 57556 1245 5437 15690 8936 6336 418 111960 96558 7701 7701 23 23 119022 119022 34730 31083 3647 ARTISTIC EXPENSE 425597 425597 MERCHANT AND TICKET FEE 133302 133302 CONCESSION EXPENSES 77639 77639 IN-HOUSE PRESENTING EXP 66532 66532 249369 166087 45763 37519 2468854 2046140 212916 209798 1200 28355 1139489 1445773 98735 34635 22123 31419 4433662 2075750 2388145 2357912 80372 77912 3730064 3976006 103665 207189 313518 399628 170250 164250 80372 77912 667805 848979 X 3062259 3107573 0 19454 3062259 3127027 3730064 3976006 64768 0 X X 0 1 X 1 0 X 348715 492466 1301477 805468 849567 3797693 348715 492466 1301477 805468 849567 3797693 22654 3775039 586 51 145 11232 57582 69596 3867289 5574526 0.97610 0.98590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 202844 202844 3843859 1762078 2081781 386959 313672 73287 2357912 LEASE LIABILITY 77912 77912 X 2558057 24435 24435 2533622 0 2533622 2493289 24435 24435 2468854 0 2468854 PART X, LINE 2: THE THEATRE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, WITH THE EXCEPTION OF FEDERAL TAXES FOR NET PROFITS ON UNRELATED BUSINESS INCOME, UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). REGARDING UNCERTAIN TAX POSITIONS, THE THEATRE WILL RECOGNIZE IN ITS FINANCIAL STATEMENTS THE BENEFIT OF A TAX POSITION WHEN IT BELIEVES THAT TAX POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT BASED ON THE TECHNICAL MERITS OF THE POSITION. FOR AN EXEMPT ORGANIZATION, UNCERTAIN TAX POSITIONS COULD RESULT FROM UNRELATED BUSINESS INCOME ACTIVITIES OR ACTIONS THAT JEOPARDIZE ITS STATUS AS TAX-EXEMPT, SUCH AS POLITICAL ACTIVITY, SUBSTANTIAL LOBBYING EXPENDITURES OR EXCESSIVE UNRELATED BUSINESS ACTIVITIES. THE THEATRE HAS CONCLUDED THAT IT HAD NO UNRECOGNIZED INCOME TAX BENEFITS AT JUNE 30, 2024, OR JUNE 30, 2023, AND IT HAS NO TAX POSITIONS FOR WHICH IT ESTIMATES A SIGNIFICANT CHANGE OVER THE NEXT 12 MONTHS. THE THEATRE IS SUBJECT TO EXAMINATION BY STATE AND FEDERAL TAX AUTHORITIES. WITH FEW EXCEPTIONS, THE THEATRE IS NO LONGER SUBJECT TO EXAMINATION BY MAJOR TAXING AUTHORITIES FOR YEARS BEFORE 2020. 1 SCHOLARSHIPS GIVEN FOR STUDENTS ATTENDING LOCAL COLLEGES 4 16000 X 2 17970 X LODGING 1 5500 X STORAGE 1 1580 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C PERIODIC REVIEWS BY THE BOARD; AUTHORITY TO APPOINT A DISINTERESTED PERSON TO INVESTIGATE, REQUIREMENT FOR PERIODIC REVIEWS FORM 990, PART VI, SECTION B, LINE 15A SALARY COMPARABILITY DATA IS PROVIDED BY A LOCAL EMPLOYMENT PLACING AGENCY, WHICH IS THEN AVERAGED WITH REGIONAL AND STATE DATA OBTAINED THROUGH AN INTERNET RESOURCE. IN ADDITION, THE FOUNDATION INDEPENDENTLY SURVEYS OTHER NON-PROFIT PERFORMING ARTS THEATRES THROUGHOUT THE STATE OF OREGON AND INVESTIGATES SALARIES PAID TO THEATRE MANAGERS AND EXECUTIVE DIRECTORS AT PERFORMING ARTS THEATRES NATIONWIDE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE THEATRE'S ADMINISTRATIVE OFFICES LOCATED AT PO BOX 1378 BEND, OR 97709. FORM 990, PART IX, LINE 24E JANITORIAL AND CUSTODIAL: PROGRAM SERVICE EXPENSES 60,777. MANAGEMENT AND GENERAL EXPENSES 1,113. FUNDRAISING EXPENSES 1,461. TOTAL EXPENSES 63,351. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 34,674. MANAGEMENT AND GENERAL EXPENSES 20,433. FUNDRAISING EXPENSES 6,811. TOTAL EXPENSES 61,918. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 23,612. MANAGEMENT AND GENERAL EXPENSES 4,380. FUNDRAISING EXPENSES 7,787. TOTAL EXPENSES 35,779. REPAIRS AND MAINTENACE: PROGRAM SERVICE EXPENSES 30,424. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,424. EDUCATION AND TRAINING: PROGRAM SERVICE EXPENSES 2,500. MANAGEMENT AND GENERAL EXPENSES 16,022. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,522. LICENSES AND FEES: PROGRAM SERVICE EXPENSES 10,398. MANAGEMENT AND GENERAL EXPENSES 2,736. FUNDRAISING EXPENSES 3,654. TOTAL EXPENSES 16,788. MEMBERSHIPS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 14,644. TOTAL EXPENSES 14,644. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 986. FUNDRAISING EXPENSES 2,790. TOTAL EXPENSES 3,776. PRINTING: PROGRAM SERVICE EXPENSES 2,506. MANAGEMENT AND GENERAL EXPENSES 93. FUNDRAISING EXPENSES 372. TOTAL EXPENSES 2,971. COMMUNITY OUTREACH: PROGRAM SERVICE EXPENSES 1,196. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,196. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO EITHER THE OVERSIGHT OR SELECTION PROCESS IN THE CURRENT YEAR