2023-05-11T14:20:58-05:00 2022-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2021-07-01 560591306 THE LITTLE THEATRE OF CHARLOTTE INC DBA THEATRE CHARLOTTE LITT 7043763777 501 QUEENS ROAD CHARLOTTE NC 28207 CHRIS TIMMONS EXECUTIVE DIRECTOR 7043763777 2023-05-11 1 CHRIS TIMMONS 999009999 PAULA P TILLEY P00051456 7043770239 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z THEATRE CHARLOTTE CHRIS TIMMONS 501 QUEENS ROAD CHARLOTTE NC 28207 1441179 0 X WWW.THEATRECHARLOTTE.ORG X 1929 NC TO PRODUCE VOLUNTEER-BASED THEATRICAL EVENTS IN THE CHARLOTTE, NC REGION. 15 15 4 185 0 0 465063 598049 63543 111211 387 1249 491870 729235 1020863 1439744 0 0 0 0 199137 241685 0 0 76430 376743 574649 575880 816334 444983 623410 872073 1747247 389507 642285 482566 1104962 THEATRE CHARLOTTE IS A VOLUNTEER-BASED COMMUNITY THEATRE DEDICATED TO CREATING OUTSTANDING THEATRE OPPORTUNITIES RELEVANT TO THE PEOPLE OF THE CHARLOTTE REGION. 0 0 547165 IN 2021-22, WITH THE BUILDING STILL UNUSABLE, WE TOOK THE SHOW ON THE ROAD. WE DID A FULL SEASON OF SHOWS AT OTHER LOCATIONS. IN SEPTEMBER WE PRODUCED "THE FANTASTICKS" AT THE PALMER BUILDING, "ALL TOGETHER NOW" AT DILWORTH UNITED METHODIST CHURCH (NOVEMBER), "A CHRISTMAS CAROL" (DECEMBER) AT HALTON THEATRE, "SMOKE ON THE MOUNTAIN" (FEBRUARY) AT THE GREAT AUNT STELLA CENTER, "LOVE LOSS AND WHAT I WORE" (MARCH) AT CAMP NORTH END, PALMER BUILDING, WAREHOUSE 242 AND ON THE LAWN AT THE MINT MUSEUM. WE CANCELLED A PRODUCTION OF DETROIT '67 SCHEDULED FOR MAY BECAUSE THE VENUE WAS NOT READY. WE ALSO DID A MURDER MYSTERY AT THE PROMENADE ON PROVIDENCE AND CAMP NORTH END IN OCTOBER. BY MARCH THE PLANNING AND PERMITTING FOR THE BUILDING REPAIRS WERE COMPLETE AND THE CONTRACTOR BEGAN WORK. 547165 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 4 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 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 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 IRIS DEWITT SECRETARY 3.00 X X 0 0 0 CHRIS BATESON BOARD MEMBER 1.00 X 0 0 0 JENN GRABENSTETTER BOARD MEMBER 1.00 X 0 0 0 CORLIS HAYES 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 TERRAH MCCARTY BOARD MEMBER 1.00 X 0 0 0 AMY O'BRIEN BOARD MEMBER 1.00 X 0 0 0 DIANE ROTH BOARD MEMBER 1.00 X 0 0 0 VIC SAYEGH BOARD MEMBER 1.00 X 0 0 0 MARK SMITH BOARD MEMBER 1.00 X 0 0 0 HEATHER SWINDELLS BOARD MEMBER 1.00 X 0 0 0 CHRIS TIMMONS EXECUTIVE DIRECTOR 40.00 X X 70000 0 4011 70000 0 4011 0 0 0 0 0 144063 32223 59200 362563 598049 TICKET SALES 711110 88181 88181 SEASON TICKETS 711110 23030 23030 111211 1249 1249 0 32223 1435 -1435 -1435 INSURANCE SETTLEMENT 900099 720524 720524 MISCELLANEOUS 900099 10146 10146 730670 1439744 843130 0 -1435 73998 25093 28830 20075 130820 44363 50968 35489 22093 7492 8607 5994 14774 5010 5756 4008 15476 15476 24579 24579 4604 3913 691 2286 2057 229 3367 3030 337 26303 23147 3156 17954 16159 1795 REPAIRS & MAINTENANCE 329873 280392 49481 PRODUCTION COSTS 113278 113278 MISCELLANEOUS 33911 23738 10173 TRAVEL & PUBLICATIONS 3018 2565 453 816334 547165 192739 76430 664850 1068622 4389 17729 17414 18603 894562 258560 178112 636002 7308 6291 872073 1747247 23337 339718 7216 22842 358954 279725 389507 642285 X 459409 1101842 23157 3120 482566 1104962 872073 1747247 623410 -1014 0 X 0 1 X 1 0 X 253509 261956 308695 465063 598049 1887272 253509 261956 308695 465063 598049 1887272 8618 1878654 230 343 201 387 0 1161 62573 63240 22412 37449 10993 196667 2085100 1238672 0.90100 0.86050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27345 -1000 20037 17 6291 23286 2409 1668 18 27345 49548 54 26302 14 23286 38495 10970 93 10 38495 14698 23305 502 10 38495 0.00000 0.49595 0.50405 1 0 1500 1500 395815 233139 162676 416507 25421 391086 80740 80740 636002 X 1111418 -1014 -1014 1112432 327312 327312 1439744 489022 0 489022 327312 327312 816334 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, 2022 AND 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSURANCE SETTLEMENT 327,312. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSURANCE SETTLEMENT 327,312. 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. X X X X X BROADWAY BALL 26915 26915 1435 26915 26915 1435 1435 -1435 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.