2023-04-20T12:00:50-05:00 2022-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2021-07-01 521289737 ROUND HOUSE THEATRE INC ROUN 2406441099 4545 EAST WEST HIGHWAY BETHESDA MD 20814 ED ZAKRESKI MANAGING DIRECTOR 2406441099 2023-04-20 1 ED ZAKRESKI 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ED ZAKRESKI 4545 EAST WEST HIGHWAY BETHESDA MD 20814 5943200 0 X WWW.ROUNDHOUSETHEATRE.ORG X 1982 MD ROUND HOUSE THEATRE IS A THEATRE FOR EVERYONE. 26 26 149 75 0 0 5496822 4996311 358678 803118 158480 78508 33324 -48442 6047304 5829495 0 0 0 0 2462412 3884501 0 0 681002 1923815 2701586 4386227 6586087 1661077 -756592 12240203 10592034 5109847 4345162 7130356 6246872 ROUND HOUSE IS A THEATRE FOR EVERYONE. WE ENRICH OUR COMMUNITY THROUGH BOLD, OUTSTANDING THEATRICAL AND EDUCATIONAL EXPERIENCES THAT INSPIRE EMPATHY AND DEMAND CONVERSATION. 0 0 4219125 585676 PERFORMANCE: ROUND HOUSE IS ONE OF THE LEADING PROFESSIONAL THEATRES IN THE WASHINGTON, DC METROPOLITAN AREA. WE REGULARLY PRODUCE A SEASON OF NEW PLAYS, MODERN CLASSICS AND MUSICALS AT OUR THEATRE IN BETHESDA. WITH RESTRICTIONS AGAINST LIVE PERFORMANCE IN 2020-2021, ROUND HOUSE CREATED A FULL SEASON OF VIRTUAL OFFERINGS FOR ITS PATRONS. THESE CREATIVE PRODUCTS WERE STREAMED DIRECTLY TO PATRONS EXPANDING OUR AUDIENCE BASE ACROSS THE UNITED STATES AND TO AT LEAST 26 OTHER COUNTRIES WORLDWIDE. IN 2021-2022, ROUND HOUSE RESUMED LIVE PERFORMANCES AND WELCOMED MORE THAN 17,000 PATRONS TO OUR RENOVATED THEATRE. ONE PRODUCTION WAS POSTPONED DUE TO COVID-RELATED ILLNESSES AND SUCCESSFULLY REMOUNTED IN THE FOLLOWING SEASON. 535528 217442 EDUCATION: IN 2021-2022, ROUND HOUSE CONTINUED TO ADAPT TO SHIFTING COVID RESTRICTIONS TO SERVE MORE THAN 4,000 STUDENTS OF ALL AGES THROUGH VIRTUAL AND LIVE PROGRAMS IN OUR EDUCATION CENTER, OUR BETHESDA THEATRE, AND SCHOOLS THROUGH MONTGOMERY COUNTY. OUR PLAY IT FORWARD INITIATIVE INCLUDES: THE TEEN PERFORMANCE COMPANY - A PROGRAM THAT PROVIDES HIGH SCHOOL STUDENTS WITH TRAINING AND MENTORSHIP BY RHT ARTISTS AND CULMINATES IN THE SARAH METZGER MEMORIAL PLAY, WHICH IS DIRECTED, DESIGNED, AND PERFORMED BY TPC MEMBERS; APPRENTICESHIPS AND INTERNSHIPS; AND FREE PLAY -FREE TICKETS TO ANY STUDENT AGE 13 THROUGH COLLEGE FOR ANY SHOW. ADDITIONAL PROGRAMS INCLUDE: SUMMER CAMP FOR STUDENTS IN GRADES K-12; DAYS OFF! PLAY IN A DAY; CLASSES FOR YOUTH, TEENS, ADULTS, AND SENIORS; STUDENT MATINEES AND VIRTUAL RESIDENCIES. 4754653 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 71 0 1 149 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD VA X TIM CONLEY 2406441419 1 VETERANS PLACE SILVER SPRING MD 20910 DOUGLAS BIBBY PRESIDENT 10.00 X X 0 0 0 LINDA RAVDIN VICE PRESIDENT 5.00 X X 0 0 0 LESLIE GRIZZARD TREASURER 5.00 X X 0 0 0 AMY SELCO SECRETARY 5.00 X X 0 0 0 ERIC COLCHAMIRO TRUSTEE 2.00 X 0 0 0 STEPHANIE DESIBOUR TRUSTEE 2.00 X 0 0 0 MITCHELL DUPLER TRUSTEE 2.00 X 0 0 0 CLARE EVANS TRUSTEE 2.00 X 0 0 0 SUSAN GIBSON TRUSTEE 2.00 X 0 0 0 JAY HAMMER TRUSTEE 2.00 X 0 0 0 MICHAEL HEINTZ TRUSTEE 2.00 X 0 0 0 MICHELE JAWANDO TRUSTEE 2.00 X 0 0 0 DANIEL KAPLAN TRUSTEE 2.00 X 0 0 0 NEIL KERWIN TRUSTEE 2.00 X 0 0 0 NANCY KOPP TRUSTEE 2.00 X 0 0 0 ELAINE KOTELL BINDER TRUSTEE 2.00 X 0 0 0 DEBRA KRAFT LIBERATORE TRUSTEE 2.00 X 0 0 0 VEENA KUTLER TRUSTEE 2.00 X 0 0 0 JOY LEWIS TRUSTEE 2.00 X 0 0 0 KATHLEEN MATTHEWS TRUSTEE 2.00 X 0 0 0 MARK SHUGOLL TRUSTEE 2.00 X 0 0 0 DAVID H SMITH TRUSTEE 2.00 X 0 0 0 PATTI SOWALSKY TRUSTEE 2.00 X 0 0 0 MICHAEL STEELE TRUSTEE 2.00 X 0 0 0 NINA WEISBROTH TRUSTEE 2.00 X 0 0 0 JUDY ZICKLER TRUSTEE 2.00 X 0 0 0 ED ZAKRESKI MANAGING DIRECTOR 48.00 X 208199 0 33905 RYAN RILETTE ARTISTIC DIRECTOR 48.00 X 209471 0 26448 417670 0 60353 2 0 1 0 0 198473 3175210 1622628 246550 4996311 TICKET SALES 711110 538940 538940 TUITION 611600 217442 217442 CONCESSION SALES 445200 32815 32815 FACILITY RENTAL 531120 13921 13921 803118 37980 37980 53633 13105 40528 40528 40528 29950 198473 100600 -70650 -70650 UNDERWRITING 900099 12886 12886 MISCELLANEOUS 900099 9322 9322 22208 5829495 803118 0 30066 482730 320337 97105 65288 2816244 2136061 415946 264237 84003 63658 12438 7907 266507 203705 38307 24495 235017 175403 36307 23307 108656 108656 13290 13290 178773 147619 18283 12871 385131 252384 115437 17310 82247 4213 78034 45003 45003 322982 282540 34763 5679 229182 216641 8565 3976 27856 7915 16227 3714 74432 1873 72559 651599 566892 32579 52128 51506 14635 30004 6867 PRODUCTION COSTS 324064 216948 2579 104537 REPAIRS & MAINTENANCE 81467 50642 29017 1808 DUES 33078 9399 19269 4410 CONCESSIONS EXPENSES 28840 8195 16800 3845 63480 32463 24953 6064 6586087 4754653 1150432 681002 1538698 179174 620353 227977 1475298 1769030 2335 36354 63163 224562 10235317 3071001 7636924 7164316 865469 951763 37963 38858 12240203 10592034 181224 244654 424855 712605 3958611 3387903 545157 5109847 4345162 X 6012582 5286592 1117774 960280 7130356 6246872 12240203 10592034 -756592 -126892 0 X 0 1 X 1 1 1 X 5474569 4108653 3459572 5496822 4996311 23535927 1087524 1116849 1116849 1116849 1116849 5554920 6562093 5225502 4576421 6613671 6113160 29090847 1295476 27795371 13947 19475 19085 17412 37980 107899 60095 60095 3699 2123 17218 33324 22208 78572 29337413 6973885 0.94740 0.90940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 803435 -19924 14499 769012 753267 63437 13269 803435 767774 -2602 11905 753267 754414 10000 14616 11256 767774 751963 10000 11948 19497 754414 0.00000 0.93800 0.06200 0 0 8311957 1584424 6727533 1846160 1409377 436783 77200 77200 0 7164316 X 6920879 -126892 1130966 100600 1104674 5816205 13290 13290 5829495 7804363 1130966 100600 1231566 6572797 13290 13290 6586087 PART V, LINE 4: ENDOWMENTS FOR ARTISTIC PROGRAMMING; ALL INCOME EARNED (UP TO 6%) ON THE CORPUS AMOUNT IS AVAILABLE FOR OPERATIONS. THE NET INVESTMENT EARNINGS FROM THE THEATRE'S PERMANENTLY RESTRICTED NET ASSETS ARE TO BE USED TO SUPPORT AN ANNUAL HIGH SCHOOL PLAY, ARTISTIC DEVELOPMENT, NEW PLAYS, AND SPECIAL PROGRAMS. PART X, LINE 2: FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, THE THEATRE HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES REPORTED AS AN EXPENSE ON THE 100,600. AUDITED FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON PART VIII, LINE 8B. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES REPORTED AS AN EXPENSE ON THE 100,600. AUDITED FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON PART VIII, LINE 8B. GALA 228423 198473 29950 44365 30000 26235 228423 198473 29950 44365 30000 26235 100600 -70650 X X X 0 0 0 0 0 0 0 1 0 ED ZAKRESKI MANAGING DIRECTOR 198199 0 10000 0 0 0 5399 0 28506 0 242104 0 0 0 RYAN RILETTE ARTISTIC DIRECTOR 199471 0 10000 0 0 0 5399 0 21049 0 235919 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUS PAYMENTS: - ED ZAKRESKI $10,000 - RYAN RILETTE $10,000 X 14 254413 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE ARTISTIC DIRECTOR, MANAGING DIRECTOR, GENERAL MANAGER, AND FINANCE COMMITTEE. THE FULL BOARD WAS PROVIDED A COPY OF THE RETURN BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD AND EACH EMPLOYEE WHO HAS RESPONSIBILITY PERTAINING TO ACTIONS OR TRANSACTIONS BY ROUND HOUSE THEATRE (RHT) THAT MAY INVOLVE A FINANCIAL INTEREST OR OTHER INTEREST COMPLETES A CONFLICT OF INTEREST AFFIRMATION ("AFFIRMATION") AS CIRCUMSTANCES WARRANT AS DETERMINED BY THE BOARD, BUT NO LESS FREQUENTLY THAN ANNUALLY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL OR OTHER INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR OF THE BOARD. DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR OF THE BOARD REVIEW EACH INTERESTED PERSON'S AFFIRMATION AND ANY OTHER DISCLOSURES REGARDING THE FINANCIAL INTEREST OR OTHER INTEREST OF THE INTERESTED PERSON. AFTER DISCLOSURE OF THE FINANCIAL OR OTHER INTEREST, THE INTERESTED PERSON LEAVES THE MEETING WHILE THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR OF THE BOARD DISCUSS AND VOTE ON WHETHER A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR BOARD DETERMINE WHETHER RHT CAN OBTAIN WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT PRODUCE A CONFLICT OF INTEREST. IF IT HAS DETERMINED THAT A MORE ADVANTAGEOUS ALTERNATIVE TRANSACTION OR ARRANGEMENT IS NOT REASONABLY FEASIBLE, THE EXECUTIVE COMMITTEE OR BOARD DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF RHT, FOR ITS OWN BENEFIT, AND FAIR AND REASONABLE. BASED ON THESE DETERMINATIONS, THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR BOARD DECIDE WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE ARTISTIC DIRECTOR AND MANAGING DIRECTOR WAS REVIEWED BY THE BOARD OF DIRECTORS. THE BOARD REVIEWED COMPENSATION AT COMPARABLE ENTITIES. THE DELIBERATION AND DECISION OF THE BOARD WAS DOCUMENTED IN THE MEETING MINUTES. THE LAST COMPENSATION REVIEW TOOK PLACE IN SEPTEMBER 2021. THE ARTISTIC DIRECTOR AND MANAGING DIRECTOR, IN CONSULTATION WITH THE BOARD, DETERMINE OTHER STAFF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.