2023-02-28T20:41:59-06:00 2022-06-30 561131459 Stancil PC 4909 Windy Hill Drive Raleigh NC 27609 990 2021-07-01 561759337 Carolina Theatre of Durham Inc CARO 9195603070 309 West Morgan Street Durham NC 277012119 Randy McKay President and CEO 9195603070 2023-02-28 1 Randy McKay 999009999 Nicholas Lombardi Jr P00741321 9198721260 2023-02-24 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z Randy McKay 309 West Morgan Street Durham NC 277012119 4939441 0 X www.carolinatheatre.org X 1992 NC To serve greater Durham and the Triangle region with vibrant, thought-provoking programs of the performing and cinematic arts in our historic treasure, the Carolina Theatre. We strive to contribute to the cultural and economic vitality of downtown Durham and to delight and educate our children and future leaders. 19 19 78 100 0 0 753431 2665059 774102 1756360 994 2029 13724 370893 1542251 4794341 0 0 0 0 709708 1671772 1500 0 191386 697054 962508 1408262 2634280 133989 2160061 2126173 4096389 1250451 1060606 875722 3035783 X See Schedule O. 0 0 884436 1132164 Live Performances: Carolina Theatre of Durham is dedicated to presenting vibrant, thought-provoking live performances that contribute to the cultural and economic vitality of downtown Durham and the Triangle Region. To this end, CTD presents local and national artists which it books directly or in partnership with other promoters like National Shows 2 and Duke Performances. Beginning in September FY2022, following lifting of COVID-19 restrictions, CTD hosted 65 live performances featuring a wide range of artists and sold 51,804 tickets. 662392 461505 Film: CTD presents a wide range of art house current release films and the classic Retro Film Series. Additionally, the film department presents multiple film festivals including Nevermore and the Outsouth Queer Film Festivals. In FY 2022, due to the lingering effects of the COVID-19 pandemic, the film festivals were held with virtual components. The Retro Film series attracted audiences of about 8,000, while Outsouth and Nevermore screened 84 films attracting 4,000 viewers. General Films attracted audiences of about 7,400. 179432 443728 Facility Sharing: CTD rents its venues and provides turnkey technical and box office services to local arts organizations like the Chamber Orchestra of the Triangle, The Savoyards and the Triangle Youth Ballet. CTD also rents its venues to other presenters and promoters like the Full Frame Festival who enrich our community. Despite the lingering effects of the COVID-19 pandemic, in FY 2022, CTD hosted 111 rental events. 193397 99439 Education and Outreach includes the Arts Discovery Educational Series (ADES) and the Family Saturday Series (FSS). ADES presents performing touring artists to students, PreK-12. CTD provides a limited number of free tickets to the Durham Public School System and deeply discounted tickets for Title One schools and the general public. The FSS presents local performing artists specially selected to appeal to parents and children. Due to the lingering effects of the COVID-19 pandemic, in FY 2022 ADES and FSS presented only 14 performances with total attendance of about 2,500. 193397 99439 1919657 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 47 0 78 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X Steve Lebowitz 9195603070 309 West Morgan Street Durham NC 277012119 Emily Hill Chair 1.00 X X 0 0 0 Rory Gillis Vice-Chair 1.00 X X 0 0 0 Debbie McDermott Secretary 1.00 X X 0 0 0 Lexie Vaughn Treasurer 1.00 X X 0 0 0 Bill Brian Immediate Past Chair 1.00 X 0 0 0 Ashley Pieraccini Development Committee Chair 1.00 X 0 0 0 Katey Rich Engagement Committee 1.00 X 0 0 0 Kasey Decosimo Director 1.00 X 0 0 0 Jennifer Donner Director 1.00 X 0 0 0 DeDreana Freeman Director 1.00 X 0 0 0 Rob Gofourth Director 1.00 X 0 0 0 Kenneth Hinton Director 1.00 X 0 0 0 Marc Lee Director 1.00 X 0 0 0 Mig Murphy Sistrom Director 1.00 X 0 0 0 Deirdre Guion Peoples Director 1.00 X 0 0 0 Angie Santiago Director 1.00 X 0 0 0 Nimasheena Burns Director 1.00 X 0 0 0 Steve Bartlett Director 1.00 X 0 0 0 Josephine Davis Director 1.00 X 0 0 0 Randy McKay President & CEO 40.00 X 145784 0 7547 Steve Lebowitz CFO 40.00 X 42128 0 682 187912 0 8229 1 0 1 0 0 71569 2191640 401850 4339 2665059 City Management Fee 711190 690514 690514 Service Income 711190 512925 512925 Rental Income 711190 348347 348347 Ticket Sales 711190 204574 204574 1756360 2029 2029 31606 71569 41189 -9583 -9583 443582 103911 339671 339671 Other Earned Income 711190 40805 40805 40805 4794341 2136836 0 -7554 X 255924 103210 122073 30641 1187373 927339 144792 115242 115003 79185 22634 13184 113472 75384 24181 13907 2430 2430 40603 40603 325564 223858 100931 775 4328 4303 25 78094 63983 10259 3852 111853 82116 22367 7370 67473 67473 190506 178873 8010 3623 3610 1645 1446 519 9833 5877 3779 177 2628 158 2470 61657 59734 1061 862 17069 6000 11069 Miscellaneous 34333 30217 3352 764 Licenses and Fees 8462 6380 1734 348 Signage & Lobby Display 4065 3922 46 97 2634280 1919657 523237 191386 1308234 2252128 506116 1258313 5500 7000 134465 3376 19579 21242 41656 741123 373615 259213 367508 20992 17240 2126173 4096389 52490 365023 147049 139698 386592 664320 555885 1250451 1060606 X 842020 3005694 33702 30089 875722 3035783 2126173 4096389 2160061 0 X 0 1 X 1 0 X 453184 629684 434520 421233 473419 2412040 2205214 2557545 2362452 792290 2199942 10117443 0 0 2658398 3187229 2796972 1213523 2673361 12529483 0 0 0 12529483 4 3 5533 994 2029 8563 4 3 5533 994 2029 8563 0 228564 113777 57880 4760 40805 445786 2886966 3301009 2860385 1219277 2716195 12983832 0.96500 0.96500 0.00070 0.00100 X Sch A, Part III, Line 12, Explanation for Other Income: Handling Fees 2017 Amount: $ 228,564 2018 Amount: $ 113,777 2019 Amount: $ 16,604 Ticketmaster rebates 2019 Amount: $ 19,920 Other miscellaneous 2019 Amount: $ 21,356 2020 Amount: $ 4,760 2021 Amount: $ 40,805 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 675363 336532 338831 65760 37083 28677 367508 Amounts held for others 555885 555885 X 4828924 2701 31882 34583 4794341 0 4794341 2668863 2701 31882 34583 2634280 0 2634280 Part X, Line 2: The Theatre qualifies as a 501(c)(3) charitable organization as defined by the Internal Revenue Code and, accordingly, is exempt from federal income tax under Internal Revenue Code Section 501(a). Additionally, since the Theatre is publicly supported, contributions made to the Theatre qualify for the maximum charitable contribution deduction under the Internal Revenue Code. The Theatre is also exempt from North Carolina state income tax. Management has analyzed tax positions taken by the Theatre and concluded that, as of June 30, 2022 and 2021, there were no uncertain tax positions taken or expected to be taken. Accordingly, no tax, interest, or penalties related to uncertain tax positions have been accrued in the accompanying financial statements. Part XI, Line 2d - Other Adjustments: Direct Fundraising expenses, included in Audited Functional Exp. Statement Part XII, Line 2d - Other Adjustments: Direct Fundraising expenses, included in Audited Functional Exp. Statement Live Performance 103175 71569 31606 1395 7972 10770 21052 103175 71569 31606 1395 7972 10770 21052 41189 -9583 X X X 0 0 0 0 0 0 0 0 0 Randy McKay President & CEO 145784 0 0 0 0 0 7147 0 400 0 153331 0 0 0 Part I, Line 3 The Executive Committee of the Board annually reviews the compensation of the CEO. Form 990, Part III, Line 1 To serve greater Durham and the Triangle region with vibrant, thought-provoking programs of the performing and cinematic arts in our historic treasure, the Caroline Theatre. We strive to contribute to the cultural and economic vitality of downtown Durham and to delight and educate our children and future leaders. Form 990, Part VI, Section B, line 11b Initial draft is prepared by outside CPA firm based on audited financial statements and other information. Detailed review performed by the CFO. Review performed by Treasurer and draft form distributed to the finance committee for review and approval before being distributed to the Board of Trustees for their review and comments (if any). Form 990, Part VI, Section B, line 12c The Conflict of Interest process and policy were reviewed in the September 2021 Board Meeting, and 100% of Board Members provided signed COI policies. Form 990, Part VI, Section B, line 15a New CEO hired in January 2021. Recruitment and hiring process led by external consulting firm and the Board search committee. Form 990, Part VI, Section C, line 19 No other documents are available to the public. Form 990, Part IX, line 11g Artist Fees: Program service expenses 54,108. Management and general expenses 0. Fundraising expenses 0. Total expenses 54,108. Cleaning and Security Costs: Program service expenses 38,484. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,484. Program Consultants: Program service expenses 94,675. Management and general expenses 0. Fundraising expenses 0. Total expenses 94,675. Event Production Services: Program service expenses 9,420. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,420. Reopening Recruitment Fees: Program service expenses 3,114. Management and general expenses 58,303. Fundraising expenses 0. Total expenses 61,417. Other: Program service expenses 24,057. Management and general expenses 42,628. Fundraising expenses 775. Total expenses 67,460.