2022-05-03T10:40:16-05:00 2021-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2020-07-01 521289737 ROUND HOUSE THEATRE INC ROUN 2406441099 4545 EAST WEST HIGHWAY BETHESDA MD 20814 ED ZAKRESKI MANAGING DIRECTOR 2406441099 2022-05-03 1 ED ZAKRESKI 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ED ZAKRESKI 4545 EAST WEST HIGHWAY BETHESDA MD 20814 6062541 0 X WWW.ROUNDHOUSETHEATRE.ORG X 1982 MD ROUND HOUSE THEATRE IS A THEATRE FOR EVERYONE. 29 29 175 440 0 0 3459572 5496822 1998429 358678 62995 158480 -2906 33324 5518090 6047304 0 0 0 0 3776757 2462412 0 0 598105 2963726 1923815 6740483 4386227 -1222393 1661077 11821035 12240203 6431824 5109847 5389211 7130356 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 2476589 245457 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. IN THE 2019-2020 SEASON, WE WELCOMED MORE THAN 30,000 PATRONS TO OUR RENOVATED THEATRE IN BETHESDA BEFORE THE COVID-19 PANDEMIC REQUIRED US TO CEASE LIVE PERFORMANCES. WITH RESTRICTIONS AGAINST LIVE PERFORMANCE REMAINING 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. 463595 113221 EDUCATION: IN SPITE OF THE PANDEMIC, ROUND HOUSE CONTINUED TO SERVE MORE THAN 5,000 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. 2940184 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 68 0 1 175 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 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 M BIBBY PRESIDENT 10.00 X X 0 0 0 LINDA J RAVDIN VICE PRESIDENT 5.00 X X 0 0 0 CATHY S BERNARD TREASURER 5.00 X X 0 0 0 AMY SELCO SECRETARY 5.00 X X 0 0 0 ELAINE KOTELL BINDER TRUSTEE 2.00 X 0 0 0 STEPHANIE DESIBOUR TRUSTEE 2.00 X 0 0 0 MITCHELL S DUPLER TRUSTEE 5.00 X 0 0 0 LAURA FORMAN TRUSTEE 2.00 X 0 0 0 ANN GILBERT TRUSTEE 2.00 X 0 0 0 SUSAN GILBERT TRUSTEE 2.00 X 0 0 0 JAY HAMMER TRUSTEE 2.00 X 0 0 0 BONNIE HAMMERSCHLAG 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 DEBRA KRAFT LIBERATORE TRUSTEE 2.00 X 0 0 0 BRUCE LANE TRUSTEE 2.00 X 0 0 0 MARION EIN LEWIN TRUSTEE 5.00 X 0 0 0 PAUL MASON TRUSTEE 2.00 X 0 0 0 KATHLEEN MATTHEWS TRUSTEE 2.00 X 0 0 0 ARUNA MILLER TRUSTEE 2.00 X 0 0 0 SALLY PATTERSON 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 LESLIE GRIZZARD TRUSTEE 2.00 X 0 0 0 ROGER WILLIAMS TRUSTEE 2.00 X 0 0 0 JUDY ZICKLER TRUSTEE 2.00 X 0 0 0 MICHAEL HEINTZ TRUSTEE 2.00 X 0 0 0 MICHAEL STEELE TRUSTEE 2.00 X 0 0 0 ED ZAKRESKI MANAGING DIRECTOR 48.00 X 174771 0 29939 RYAN RILETTE ARTISTIC DIRECTOR 48.00 X 174771 0 26183 349542 0 56122 2 0 1 0 0 4007624 1489198 25116 5496822 TICKET SALES 711110 239627 239627 TUITION 611600 113221 113221 CONCESSION SALES 445200 5430 5430 FACILITY RENTAL 531120 400 400 358678 17412 17412 156305 15237 141068 141068 141068 UNDERWRITING 900099 20000 20000 REFUNDS 900099 12105 12105 MISCELLANEOUS 900099 1219 1219 33324 6047304 358678 0 191804 421928 273191 106013 42724 1648451 1136958 273375 238118 33813 23432 5373 5008 212623 147994 34130 30499 145597 99392 26325 19880 113695 113695 13016 13016 112372 84534 9749 18089 266648 159765 81112 25771 73380 37760 35460 160 37299 37299 155132 133294 16930 4908 16252 11530 3330 1392 25338 2527 17778 5033 107307 9466 97841 627103 550958 24722 51423 43065 4295 30215 8555 PRODUCTION COSTS 235418 195758 1544 38116 REPAIRS & MAINTENANCE 47565 28299 16980 2286 DUES 14271 1423 10013 2835 BAD DEBT 12500 1247 8770 2483 23454 10528 9942 2984 4386227 2940184 847938 598105 X 792767 1538698 217636 620353 1814490 1475298 2603 2335 42816 63163 10056325 2419401 8198943 7636924 713657 865469 38123 37963 11821035 12240203 207011 181224 475063 424855 5188450 3958611 561300 545157 6431824 5109847 X 4583458 6012582 805753 1117774 5389211 7130356 11821035 12240203 1661077 80068 0 X 0 1 X 1 0 X 4272150 5474569 4108653 3459572 5496822 22811766 1087524 1087524 1116849 1116849 1116849 5525595 5359674 6562093 5225502 4576421 6613671 28337361 2375969 25961392 16925 13947 19475 19085 17412 86844 60095 60095 5854 3699 2123 17218 33324 62218 28546518 8162838 0.90940 0.87490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 753267 63437 13269 803435 767774 -2602 11905 753267 754414 10000 14616 11256 767774 751963 10000 11948 19497 754414 715063 10000 26900 751963 0.00000 0.89780 0.10220 0 0 8217859 1061802 7156057 1761266 1280399 480867 77200 77200 0 7636924 X 7232705 80068 1118349 1198417 6034288 13016 13016 6047304 5491560 1118349 1118349 4373211 13016 13016 4386227 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, 2021 AND 2020, 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. X X X 0 0 0 0 0 0 0 0 0 ED ZAKRESKI MANAGING DIRECTOR 174771 0 0 0 0 0 5024 0 24915 0 204710 0 0 0 RYAN RILETTE ARTISTIC DIRECTOR 174771 0 0 0 0 0 5024 0 21159 0 200954 0 0 0 X 1 25083 FMV 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. FORM 990, PART X, LINE 24 ON MARCH 18, 2021, THE THEATRE ENTERED INTO A FIVE-YEAR PROMISSORY NOTE AGREEMENT IN THE AMOUNT OF $545,157 WITH A 1% FIXED INTEREST RATE UNDER THE PAYCHECK PROTECTION PROGRAM. THE PROMISSORY NOTE CALLS FOR MONTHLY PRINCIPAL AND INTEREST PAYMENTS AMORTIZED OVER THE TERM OF THE PROMISSORY NOTE, UNLESS OTHERWISE FORGIVEN. UNDER THE CARES ACT, THE PROMISSORY NOTE MAY BE FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION IN WHOLE OR IN PART. THE THEATRE INTENDS TO USE THE PROCEEDS FOR PURPOSES CONSISTENT WITH THE PAYCHECK PROTECTION PROGRAM AND BELIEVES THAT ITS USE OF THE LOAN PROCEEDS WILL MEET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. THE THEATRE INTENDS TO APPLY FOR FORGIVENESS AFTER COMPLETING THE 24-WEEK PERIOD. IF FORGIVENESS IS GRANTED, THE THEATRE WILL RECORD REVENUE FROM DEBT EXTINGUISHMENT DURING THE PERIOD THAT FORGIVENESS IS APPROVED. ON APRIL 20, 2020, THE THEATRE RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $561,300 UNDER THE PAYCHECK PROTECTION PROGRAM. THE PROMISSORY NOTE CALLS FOR MONTHLY PRINCIPAL AND INTEREST PAYMENTS AMORTIZED OVER THE TERM OF THE PROMISSORY NOTE WITH A DEFERRAL OF PAYMENTS FOR THE FIRST TEN MONTHS AFTER THE LAST DAY OF THE COVERED PERIOD. UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), THE PROMISSORY NOTE MAY BE FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION IN WHOLE OR IN PART. THE THEATRE USED THE PROCEEDS FOR PURPOSES CONSISTENT WITH THE PAYCHECK PROTECTION PROGRAM AND MET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. THE THEATRE RECEIVED FORGIVENESS OF THE LOAN AND RECORDED REVENUE FROM DEBT EXTINGUISHMENT DURING THE YEAR ENDED JUNE 30, 2021.