2023-02-24T10:32:46-06:00 2021-10-31 370980065 WEST & COMPANY LLC 613 BROADWAY AVENUE MATTOON IL 61938 990 2020-11-01 371097182 THE LITTLE THEATRE - ON THE SQUARE INC LITT 2177282065 PO BOX 288 SULLIVAN IL 61951 JOHN STEPHENS EXECUTIVE PRODUCER 2177282065 2022-12-15 1 JOHN STEPHENS 999009999 ALEX HAGEN P01275388 2172354747 2022-12-07 3 AAL1 IAL1 2020 2023-04-26 12:10:37Z JOHN STEPHENS PO BOX 288 SULLIVAN IL 61951 1258460 0 X WWW.THELITTLETHEATRE.ORG X 1981 IL NOT-FOR-PROFIT THEATRE DEVOTED TO ENRICHING THE LIVES OF THE COMMUNITY BY OFFERING HIGH QUALITY PERFORMING ARTS, EDUCATION, AND OUTREACH PROGRAMMING. 13 13 39 15 0 0 307412 1156782 271377 97148 48 90 5208 4440 584045 1258460 0 0 0 0 403590 305573 0 0 18170 471480 436869 875070 742442 -291025 516018 1462102 1861697 2724115 2607692 -1262013 -745995 NOT-FOR-PROFIT THEATRE DEVOTED TO ENRICHING THE LIVES OF THE COMMUNITY BY OFFERING HIGH QUALITY PERFORMING ARTS, EDUCATION, AND OUTREACH PROGRAMMING. 0 0 407979 97238 DUE TO RESTRICTIONS RELATED TO COVID-19, THE ORGANIZATION WAS LIMITED ON THE NUMBER OF PERFORMANCES IT WAS ABLE TO PROVIDE. DURING THE CURRENT FISCAL YEAR, THE ORGANIZATION WAS UNABLE TO PROVIDE PRODUCTIONS RELATED TO THE CHILDREN'S SEASON AND THE EDUCATION OUTREACH TO THE AREA SCHOOLS. AT THE END OF THE FISCAL YEAR ENDING 10/31/21, THE ORGANIZATION WAS ABLE TO OPEN UP FOR OPERATIONS AND PROVIDED THEATRE PRODUCTIONS FOR ONE REGULAR SEASON SHOW AND ONE SPECIAL PRODUCTIONS. DURING THE FISCAL YEAR ENDING 10/31/2021, THE THEATRE OPERATED 2 PRODUCTIONS FOR A TOTAL OF 13 PERFORMANCES. TOTAL ATTENDANCE FOR ALL THE PRODUCTIONS WAS APPROXIMATELY 1,100. 407979 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 IL X JOHN STEPHENS 2177282065 16 E HARRISON STREET SULLIVAN IL 61951 TOM BUNFILL VICE PRESIDENT 1.00 X X 0 0 0 EMILIE BEAGLE PRESIDENT 1.00 X X 0 0 0 BOB KINCADE TREASURER 1.00 X X 0 0 0 DEBBIE BENEFIEL TRUSTEE 0.50 X 0 0 0 STEVE BENEFIEL TRUSTEE 0.50 X 0 0 0 JANE BLAIR TRUSTEE 0.50 X 0 0 0 JACK SCOTT TRUSTEE 0.50 X 0 0 0 BRUCE CONDILL TRUSTEE 0.50 X 0 0 0 GERY CONLIN TRUSTEE 0.50 X 0 0 0 SHANNON HINKLE TRUSTEE 0.50 X 0 0 0 TERRY DAVIS TRUSTEE 0.50 X 0 0 0 RICH JONES TRUSTEE 0.50 X 0 0 0 MICHAEL SEITZ TRUSTEE 0.50 X 0 0 0 AMANDA STANDERFER SECRETARY 1.00 X X 0 0 0 JOHN STEPHENS EXECUTIVE PRODUCER 60.00 X 84828 0 0 84828 0 0 0 0 0 0 0 1023810 132972 1156782 MISCELLANEOUS 711110 54012 54012 TICKET SALES 711110 37211 37211 CONCESSION SALES 711110 5925 5925 97148 90 90 4440 0 4440 4440 1258460 97238 0 4440 105585 90310 15275 177931 99872 78059 1234 1234 20823 1880 17367 1576 1696 1696 17510 17510 17704 15977 1727 73946 58914 15032 13221 8153 5068 122698 44546 78152 72107 59849 12258 7038 7038 ROYALTIES & SCRIPTS 27494 27494 PRODUCTION EXPENSES 26584 26584 REPAIRS & MAINTENANCE 25668 21946 3722 CREDIT CARD & BANK FEES 10918 5170 5748 20285 11812 7154 1319 742442 407979 316293 18170 1166 2639 10928 348716 52547 55611 325 4117 18542 49540 2638189 1248722 1367612 1389467 10982 11607 1462102 1861697 631007 574755 269401 330269 138000 138000 1484556 1390515 201151 174153 2724115 2607692 X -1262013 -745995 -1262013 -745995 1462102 1861697 516018 0 X X 0 1 X 1 0 X 331592 402993 463788 307412 1156782 2662567 983468 1007958 964322 264156 97148 3317052 1315060 1410951 1428110 571568 1253930 5979619 0 0 0 5979619 7 4 11 48 90 160 7 4 11 48 90 160 18070 19010 18166 7221 0 62467 1333137 1429965 1446287 578837 1254020 6042246 0.98960 0.98770 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000 5000 2516364 1182680 1333684 116825 66042 50783 1389467 X 1258460 0 1258460 0 1258460 742442 0 742442 0 742442 PART X, LINE 2: FASB ASC 740-10-50 PROVIDES THAT THE THEATRE WILL RECOGNIZE A TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. CURRENTLY, THE THEATRE ACCOUNTS FOR CONTINGENCIES ASSOCIATED WITH CERTAIN TAX POSITIONS IN ACCORDANCE WITH SFAS NO. 5, ACCOUNTING FOR CONTINGENCIES, WHICH PROVIDED THE RECORDING OF A CONTINGENCY BASED ON THE PROBABILITY OF CERTAIN EVENTS TO TRANSPIRE THAT RANGE FROM PROBABLE TO REMOTE AS OPPOSED TO APPLYING A MORE LIKELY THAN NOT RECOGNITION THRESHOLD. THE THEATRE HAS EXAMINED THIS ISSUE AND HAS DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES. THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION FOR 2020, 2019, AND 2018 ARE SUBJECT TO EXAMINATION BY THE IRS GENERALLY FOR THE THREE YEARS AFTER THEY WERE FILED. RALPH KIRK TRUSTEE LOAN X 66900 43000 1 1 1 STEVE BENEFIEL TRUSTEE LOAN X 118000 95000 0 1 0 138000 FORM 990, PART VI, SECTION A, LINE 2 TWO BOARD MEMBERS ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE FULL BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS DISCLOSE ALL CONFLICTS OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 EVEN THOUGH THE ORGANIZATION'S POLICY FOR DETERMINING OFFICER COMPENSATON DOES NOT MEET ALL THE REQUIREMENTS FOR A YES ANSWER TO THIS QUESTION, THE EXECUTIVE PRODUCER'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AS NEEDED. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C THE PROCESS FOR REVIEW OF THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM PRIOR YEAR.