2022-05-10T15:45:38-05:00 2021-06-30 562271237 THOMAS & GIBBS CPA'S PLLC 6114 FAYETTEVILLE RD DURHAM NC 27713 990 2020-07-01 561759337 Carolina Theatre of Durham Inc CARO 9195603070 309 West Morgan Street Durham NC 277012119 Randy McKay President and CEO 9195603070 2022-05-10 1 Randy McKay 999009999 Kenneth D Gibbs P00238164 9195440555 2022-05-10 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z Randy McKay 309 West Morgan Street Durham NC 277012119 1593544 0 X carolinatheatre.org X 1992 NC See schedule O.The activities of the Carolina Theatre were severely constrained during FY2021 due to the Covid-19 global pandemic. The Theatre was closed to Live Events for the entirety of the fiscal year. Despite the closure, efforts were made to maintain the historic venue and continue some level of programming primarily through virtual film and limited rentals. The theatre has relaunched all programs during FY2022. 18 18 93 0 0 0 434520 753431 1882375 774102 7123 994 417055 13724 2741073 1542251 0 0 0 0 1849566 709708 0 1500 128618 1199819 697054 3049385 1408262 -308312 133989 1891050 2126173 1149319 1250451 741731 875722 X See schedule OTo 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. 0 0 355370 176279 Live performances: Carolina Theatre of Durham ("CTD") 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. Due to the COVID-19 global pandemic the Theatre was closed to live events for the entirety of FY 2021. CTD was able to present 9 local performers in the "From the Window" series to audiences viewing from outside the Theatre. The expenses allocated to the program in FY2021 represent the costs of maintaining the theatre in preparation for reopening. 251171 206367 Film: CTD presents a wide range of art house current release films and the classic Retro Film Series. Additionally, the film department ordinarily presents multiple film festivals including Nevermore and OutSouth Queer Film Festivals. In FY 2021, despite the COVID-19 pandemic, CTD offered a variety of films virtually with some isolated in person screenings. General Films attracted audiences of 6,155, viewing 127 films. Film festivals were held virtually as Outsouth screened 41 films attracting 1,353 viewers and the Nevermore Festival screened 72 films attracting 3,491 viewers. The expenses allocated to the program in FY 2021 represent the costs of maintaining the theatre in preparation for reopening. 164145 212056 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 Film Festival who enrich our community. Despite COVID-19, in FY 2021, CTD hosted 32 rental events. The expenses allocated to the program in FY 2021 represent the costs of maintaining the theatre in preparation for reopening. 143679 182628 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 Pulic School System and deeply discounted tickets for Title One schools and the general public. Due to the COVID-19 pandemic, in FY 2021 ADES and FSS presented only 3 performances. The ADES and FSS programming began again in October 2021. The expenses allocated to the program in FY 2021 represent the costs of maintaining the theatre in preparation for reopening. 143679 182628 914365 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 93 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 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 Bill Brian Chair 1.00 X X 0 0 0 Emily Hill Vice chair 1.00 X X 0 0 0 Adrian Brown Secretary 1.00 X X 0 0 0 Mig Murphy Sistrom Treasurer 1.00 X X 0 0 0 Angie Santiago Director 1.00 X 0 0 0 Kasey Decosimo Director 1.00 X 0 0 0 Jennifer Donner Director 1.00 X 0 0 0 Jon Espitia Director 1.00 X 0 0 0 DeDreana Freeman Director 1.00 X 0 0 0 Rory Gillis 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 Debbie McDermott Director 1.00 X 0 0 0 Dierdre Peoples Guion Director 1.00 X 0 0 0 Ashley Pieraccini Director 1.00 X 0 0 0 Katey Rich Director 1.00 X 0 0 0 Alexis Lexie Vaughn Director 1.00 X 0 0 0 Randy McKay CEO 40.00 X 76273 0 7161 Blake Crews Finance Director 40.00 X 62529 0 4144 138802 0 11305 0 0 0 0 0 69270 332198 351963 753431 City Management fee 711190 690514 690514 Rental and client serv 711190 45426 45426 Admissions, net of dis 711190 38162 38162 774102 994 994 42069 69270 36320 5749 5749 18188 14973 3215 3215 Miscellaneous 711190 4760 4760 4760 1542251 782077 0 6743 X 140446 44455 69141 26850 480269 396690 35982 47597 47411 39380 2421 5610 41582 30099 6728 4755 4523 4523 116888 116888 1500 1500 171214 80918 58146 32150 4154 4054 100 72149 28965 36349 6835 44949 32393 12172 384 8855 8855 160777 155953 3216 1608 1239 1226 13 530 304 226 3725 1541 2184 59879 59755 7 117 14988 2938 11586 464 Miscellaneous 32521 27902 3984 635 Bad debts 500 500 Signage and lobby displ 163 163 1408262 914365 365279 128618 983758 1308234 505525 506116 645 7000 14189 3376 79843 21242 650874 391661 303112 259213 3978 20992 1891050 2126173 87973 52490 155898 147049 375416 386592 530032 664320 1149319 1250451 X 615375 842020 126356 33702 741731 875722 1891050 2126173 X 133989 2 X 0 1 X 1 0 X 803740 453184 629684 434520 421233 2742361 803740 453184 629684 434520 421233 2742361 127097 2615264 2125 4 3 5533 994 8659 59065 228564 113777 57880 4760 464046 3215066 8231219 0.81340 0.82360 X Schedule A, Part II, Line 10, Explanation of Other Income: Handling fees - 2016 Amount: $ 59,065. 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 599291 352787 246504 51583 38874 12709 259213 Amounts held for others 664320 664320 X 1557224 14973 14973 1542251 0 1542251 1423233 14973 14973 1408260 2 2 1408262 Part X, Line 2: Income from certain activities not directly related to the Theatre's tax-exempt purposes may be subject to taxation as unrelated business income. The Theatre currently has no obligation for unrelated business income tax. Part XI, Line 2d - Other Adjustments: Concession expenses netted with revenue 14,973. Part XII, Line 2d - Other Adjustments: Concessions expense netted with revenue in form 990 14,973. Part XII, Line 4b - Other Adjustments: Rounding 2. Virtual dinner theatre and auction 111339 69270 42069 11385 8660 8250 8025 111339 69270 42069 11385 8660 8250 8025 36320 5749 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 discussion before being distributed to the Board of Trustees for their review and comments (if any). Form 990, Part VI, Section B, line 12c Conflict of interest policy was reviewed and signed by the Board chair November 2020. Due to pandemic related issues and the departure of the Interim CEO, the annual review was not completed in the fall of 2020 as would normally be done. The process and policy were to be reviewed during the September 2021 Board meeting. 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 Housekeeping and janitorial: Program service expenses 6,923. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,923. Security services: Program service expenses 525. Management and general expenses 0. Fundraising expenses 0. Total expenses 525. Artist fees: Program service expenses 6,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,000. A/V Production services: Program service expenses 4,105. Management and general expenses 325. Fundraising expenses 0. Total expenses 4,430. Other contracted services: Program service expenses 63,365. Management and general expenses 57,821. Fundraising expenses 32,150. Total expenses 153,336. Form 990, Part XI, line 9: Rounding 2.