2024-05-14T09:54:59-05:00 2023-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2022-07-01 560591306 THE LITTLE THEATRE OF CHARLOTTE INC DBA THEATRE CHARLOTTE LITT 7043763777 501 QUEENS ROAD CHARLOTTE NC 28207 SCOT MACDONALD MANAGING DIRECTOR 7043763777 2024-05-10 1 SCOT MACDONALD 999009999 0 PAULA P TILLEY P00051456 7043770239 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THEATRE CHARLOTTE SCOT MACDONALD 501 QUEENS ROAD CHARLOTTE NC 28207 1332168 0 X WWW.THEATRECHARLOTTE.ORG X 1929 NC TO PRODUCE VOLUNTEER-BASED THEATRICAL EVENTS IN THE CHARLOTTE, NC REGION. 14 14 4 485 0 0 598049 399372 111211 364366 1249 870 729235 567560 1439744 1332168 0 0 0 0 241685 294482 0 0 84999 574649 961894 816334 1256376 623410 75792 1747247 1529594 642285 348199 1104962 1181395 THEATRE CHARLOTTE IS A VOLUNTEER-BASED COMMUNITY THEATRE DEDICATED TO CREATING OUTSTANDING THEATRE OPPORTUNITIES RELEVANT TO THE PEOPLE OF THE CHARLOTTE REGION. 0 0 909988 364366 CONSTRUCTION WAS FINISHED LATE IN 2022, AND AFTER RESCHEDULING THE FIRST TWO SCHEDULED SHOWS, WE WERE ABLE TO BE BACK IN OUR BUILDING FOR "A CHRISTMAS CAROL" IN DECEMBER. IN JANUARY, WE PRODUCED "SOMETHING ROTTEN", IN MARCH, "MISERY" (RESCHEDULED FROM OCTOBER), "PIPPIN" IN APRIL, "PICASSO" AT THE LAPIN AGILE IN MAY, "DETROIT 67 AND "I AND YOU" IN JUNE. 909988 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X NANCY WILSON 7043763777 501 QUEENS ROAD CHARLOTTE NC 28207 CHRIS TIMMONS INTERIM EXECUTIVE DIRECTOR 40.00 X X 92167 0 4167 DIANA WAKEFIELD PRESIDENT 3.00 X X 0 0 0 JENNY MITCHELL VICE PRESIDENT 3.00 X X 0 0 0 DENISE OLEXA TREASURER 3.00 X X 0 0 0 ALLISON HUGHES SECRETARY 3.00 X X 0 0 0 TERRAH MCCARTY CO-PRESIDENT (INCOMING) 1.00 X X 0 0 0 AMY O'BRIEN CO-PRESIDENT (INCOMING) 1.00 X X 0 0 0 CORLIS ANGELA HAYES PHD BOARD MEMBER 1.00 X 0 0 0 BOB HUDSON BOARD MEMBER 1.00 X 0 0 0 KEITH LOGAN BOARD MEMBER 1.00 X 0 0 0 IRIS DEWITT BOARD MEMBER 1.00 X 0 0 0 CHRIS BATESON BOARD MEMBER 1.00 X 0 0 0 DIANNE ROTH BOARD MEMBER 1.00 X 0 0 0 VIC SAYEGH BOARD MEMBER 1.00 X 0 0 0 HEATHER SWINDELLS BOARD MEMBER 1.00 X 0 0 0 92167 0 4167 0 0 0 0 0 150000 249372 399372 TICKET SALES 711110 262436 262436 SEASON TICKETS 711110 63255 63255 CONCESSIONS INCOME 711110 38675 38675 364366 870 870 INSURANCE SETTLEMENT 900099 547315 547315 MISCELLANEOUS 900099 20245 20245 567560 1332168 932796 0 0 79313 31725 23794 23794 176333 71700 66696 37937 19806 8031 7228 4547 19030 7700 6751 4579 16601 16601 17723 17723 8400 7140 1260 25076 22568 2508 12786 11507 1279 84657 74498 10159 16174 14557 1617 REPAIRS AND MAINTAINANC 580080 493068 87012 0 PRODUCTION COSTS 153498 153498 0 0 MISCELLANOUS 42941 0 30059 12882 TRAVEL & PUBLICATIONS 3634 3089 545 0 324 324 1256376 909988 261389 84999 1068622 680959 17729 37152 18603 31217 1116551 343217 636002 773334 6291 6932 1747247 1529594 339718 31021 22842 51795 279725 265383 642285 348199 X 1101842 1125475 3120 55920 1104962 1181395 1747247 1529594 75792 641 0 X 0 1 X 1 0 X 261956 308695 465063 598049 399372 2033135 261956 308695 465063 598049 399372 2033135 28850 2004285 343 201 387 931 63240 22412 37449 10993 6085 140179 2174245 1242206 0.92180 0.90100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6291 657 16 6932 27345 -1000 20037 17 6291 23286 2409 1668 18 27345 49548 54 26302 14 23286 38495 10970 93 10 38495 0.00000 0.45009 0.54991 1 0 1500 1500 486262 243107 243155 628789 100110 528679 773334 X 761731 641 641 761090 571078 571078 1332168 685296 0 685296 571080 571080 1256376 PART X, LINE 2: THE THEATRE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE THEATRE RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSURANCE SETTLEMENT 571,078. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSURANCE SETTLEMENT 571,080. FORM 990, PART V, LINE 4 USE OF ENDOWMENT FUNDS CONTRIBUTIONS TO THE TRUST ARE TO BE INVESTED IN PERPETUITY. INCOME EARNED CAN BE USED FOR GENERAL EXPENSES. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THEATRE CHARLOTTE'S FORM 990 WAS REVIEWED IN DETAIL BY THE DIRECTOR OF BUSINESS AND A MEMBER OF THE BOARD'S FINANCE COMMITTEE. A HIGHER LEVEL PRESENTATION OF THE FORM 990 WAS CONDUCTED AT A MEETING OF THE BOARD OF DIRECTORS. THE FORM 990 WAS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE THEATRE'S CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND MANAGEMENT EMPLOYEES. EACH BOARD MEMBER AND OFFICER IS REQUIRED TO ANNUALLY COMPLETE AN ACKNOWLEDGEMENT OF THE THEATRE'S CONFLICT OF INTEREST POLICY. IN ACCORDANCE WITH THE THEATRE'S POLICY: IF A POTENTIAL CONFLICT OF INTEREST ARISES, THE BOARD MEMBER OR MANAGEMENT EMPLOYEE MUST DISCLOSE THE POTENTIAL CONFLICT TO THE BOARD OF DIRECTORS. FURTHER, THE BOARD MEMBER SHALL NOT VOTE ON ANY CONTRACT OR GRANT, AND NO MANAGEMENT EMPLOYEE SHALL PARTICIPATE IN THE SOLICITATION, NEGOTIATION, FORMATION, AWARD, ARBITRATION, MODIFICATION, OR SETTLEMENT OF ANY CONTRACT OR GRANT WHEN THE BOARD MEMBER OR MANAGEMENT EMPLOYEE STANDS TO BENEFIT, EITHER DIRECTLY OR INDIRECTLY FROM SUCH CONTRACT OR GRANT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE SHALL SET THE COMPENSATION OF THE EXECUTIVE DIRECTOR, SUBJECT TO THE BOARD'S REVIEW AND APPROVAL. THE PRESIDENT, WITH ASSISTANCE FROM THE GOVERNANCE CHAIR ANNUALLY COORDINATES A FORMAL WRITTEN REVIEW OF THE EXECUTIVE DIRECTOR'S PERFORMANCE WHICH INCLUDES FEEDBACK FROM THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR DETERMINING APPROPRIATE COMPENSATION WHICH IS VOTED ON BY THE FULL BOARD DURING THE ANNUAL BUDGETING PROCESS AND APPROVAL. THE THEATRE DOES NOT HAVE OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE THEATRE'S BYLAWS, CONFLICT OF INTEREST POLICY, WHISTLE-BLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.