2022-11-02T11:58:30-07:00 2022-06-30 990 2021-07-01 341385037 TOLEDO CULTURAL ARTS CENTER INC TOLE 4192423490 410 ADAMS ST TOLEDO OH 43604 Jori Jex Executive Director 4192144806 2022-10-26 1 11 0 AAL2 X 2021 2022-09-23 18:48:47Z VALENTINE THEATRE JORI JEX 410 ADAMS ST TOLEDO OH 43604 3940369 0 X HTTP://VALENTINETHEATRE.COM X 1982 OH THE TOLEDO CULTURAL ARTS CENTER, A NOT-FOR-PROFIT ORGANIZATION, PRODUCES AND PROVIDES CULTURAL AND PERFORMING ARTS EXPERIENCES FOR DIVERSE AUDIENCES OF ALL AGES IN THE CITY OF TOLEDO, LUCAS COUNTY, NORTHWEST OHIO AND SOUTHEAST MICHIGAN. 20 20 72 65 0 0 1461696 1141902 43847 782093 318151 215806 -1068 12479 1822626 2152280 0 0 0 0 477915 825933 0 0 52230 361558 931818 839473 1757751 983153 394529 9496896 8491733 419824 192961 9077072 8298772 THE TOLEDO CULTURAL ARTS CENRE INC PRODUCES AND PROVIDES CULTURAL AND PERFORMING ARTS EXPERIENCES FOR DIVERSE AUDIENCES OF ALL AGES, TO ENHANCE THE QUALITY OF THE CULTURAL AND ECONOMIC LIFE OF THE CITY OF TOLEDO, LUCAS COUNTY, NORTHWEST OHIO AND SOUTHWEST MICHIGAN. 0 0 469145 528700 THE THEATRE REOPENED IN JULY 2021 AFTER CLOSING OUT FOR COVID PANDEMIC IN THE 20/21 FY. WE PRESENTED A TOTAL OF 104 EVENTS IN THE CURRENT FISCAL YEAR, DRAWING 33,911 PATRONS TO THE VALENTINE THEATRE. IN ADDITION, WE ALSO PRODUCED ONLINE STORY TIME AND SESSIONS FREE FOR PUBLIC DOWNLOAD. 871563 253393 OPERATOR AND LANDLORD OF THE HISTORIC VALENTINE THEATRE. ACTIVITIES INCLUDE UPKEEP AND MAINTENANCE OF THE THEATRE. 0 0 0 1340708 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 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 1 0 0 0 0 1 12 0 1 72 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X X RUTH KILLE 4192144801 410 ADAMS STREET TOLEDO OH 43604 JORI JEX EXECUTIVE DIRECTOR 40 X 98897 0 2967 JIM STENGLE CHAIRMAN 5 X 0 0 0 CLARE GORSKI VICE CHAIR 5 X 0 0 0 JENNIFER COY SECRETARY 5 X 0 0 0 ALAN KLINE TREASURER 5 X 0 0 0 CARROLL ASHLEY TRUSTEE 1 X 0 0 0 MICHAEL AUST TRUSTEE 1 X 0 0 0 ED BECZYNSKI TRUSTEE 1 X 0 0 0 RICHARD L BERRY TRUSTEE 1 X 0 0 0 MELISSA FREEMAN TRUSTEE 1 X 0 0 0 CHARLENE GILBERT TRUSTEE 1 X 0 0 0 KRISTEN NICHOLSON TRSUTEE 1 X 0 0 0 DONNA OWENS TRUSTEE 1 X 0 0 0 THOMAS PALMER TRUSTEE 1 X 0 0 0 DAVID RECTENWALD TRUSTEE 1 X 0 0 0 MARC STOCKWELL TRUSTEE 1 X 0 0 0 JOSEPH SWEENEY TRUSTEE 1 X 0 0 0 ANNA TONEY TRUSTEE 1 X 0 0 0 TRACI WATKINS MD TRUSTEE 1 X 0 0 0 WILLIAM WOLFF TRUSTEE 1 X 0 0 0 KATIE YARDER TRUSTEE 1 X 0 0 0 98897 0 2967 0 0 0 0 0 0 40742 47236 0 867136 186788 11575 1141902 SHOW PRODUCTION 711300 528700 528700 0 0 THEATRE OPERATIONS 711300 253393 253393 0 0 0 0 0 0 782093 262673 0 0 262673 0 0 0 0 0 0 0 0 0 0 1627293 0 1674160 0 -46867 0 -46867 0 0 -46867 52859 47236 79118 -26259 0 -26259 73549 34811 38738 0 0 38738 0 2152280 782093 0 228285 X 95962 49283 23247 23432 612464 442699 157265 12500 28953 28953 0 0 20538 13360 7178 0 68016 41738 21935 4343 1333 1333 0 0 8086 0 8086 0 37116 0 37116 0 262351 246908 12890 2553 113358 108027 4593 738 67067 22931 44136 0 11032 0 11032 0 5405 5405 0 0 138782 129846 8936 0 17639 15980 1658 1 1701 856 755 90 7454 0 7454 0 160502 151707 8795 0 45819 45819 0 0 STAGE BACKLINE & LOBBY EXPENSES 20352 20352 0 0 VOLUNTEER/DONOR CAMPAIGN EXPENSES 7944 4912 0 3032 VALENTINE SCHOOL SHOW EXPENSES 9872 9872 0 0 MISCELLANEOUS EXPENSES 16005 727 9737 5541 0 1757751 1340708 364813 52230 215226 458773 137288 336952 299985 31392 9008 10604 64765 73303 2977689 1334379 1637074 1643310 7018117 5821006 115433 116393 9496896 8491733 23902 34585 55892 119708 340030 38668 0 0 419824 192961 X 8634847 7878897 442225 419875 9077072 8298772 9496896 8491733 394529 -1168478 -4351 0 0 0 X 1 X 0 1 0 X 609955 556651 784129 1461696 1136097 4548528 609955 556651 784129 1461696 1136097 4548528 4548528 187170 233019 197022 173498 262673 1053382 247544 227514 96316 23054 73549 667977 6269887 3337501 0.72546 0.61600 X Schedule A, Part II, Line 10 MISCELLANEOUS INCOME 2017-$247,544, 2018-$227,514, 2019-$96,316, 2020-$23,054, 2021-$73,549, 5 YEARS TOTAL $667,977 Schedule A, Part II, Line 12 SALE OF SERVICE PERFORMED 2017 $963,451, 2018-$945,587, 2019-$602-523, 2020-$43,847, 2021-$782,093. 5 YEARS TOTAL $3,337,501 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 113812 0 0 0 6732829 0 897754 0 18000 35333 7577250 5371904 418368 1407850 0 432735 32558 6732829 5444746 0 165620 0 210000 28462 5371904 5406069 0 274050 0 208500 26873 5444746 5366435 0 278357 0 209500 29223 5406069 1 0 0 1 0 0 0 0 0 608600 346142 262458 0 1525918 363023 1162895 0 0 0 0 0 843171 625214 217957 1643310 0 X 1466091 -1168478 391012 0 0 -777466 2243557 0 -91277 -91277 2152280 2244391 395363 0 0 91277 486640 1757751 0 0 0 1757751 Schedule D, Part III, Line 4 THE ART COLLECTIONS INCLUDE A MURAL OF $100,000 AND A PORTRAIT OF $13,812. THE MURAL WAS FUNDED BY THE PUBLIC TO PAY HOMAGE TO THE PERFORMERS WHO APPEARED AT THE TOLEDO CULTURAL ARTS CENTER, INC., ALSO KNOWN AS THE VALENTINE THEATRE SINCE IT OPENED IN 1895. THE PORTRAIT WAS TO HONOR THE FATHER OF THE FOUNDER WHOM THE THEATRE WAS NAMED AFTER. Schedule D, Part V, Line 4 THE ENDOWMENT FUND CONSISTS SOLELY OF BOARD-DESIGNATED FUNDS THAT ARE REVIEWED REGULARLY BY THE BOARD OF VALENTINE FOUNDATION, LLC. THE ENDOWMENT WAS SET UP TO PROVIDE THE ANNUAL SUPPORT FOR THE COSTS OF OPERATION AND MANAGEMENT OF THE TOLEDO CULTURAL ARTS CENTER PROPERTY. Schedule D, Part X, Line 2 MANAGEMENT OF THE ORGANIZATION IS REQUIRED TO DETERMINE WHETHER A TAX POSITION OF THE ORGANIZATION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT OF THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. HOWEVER, MANAGEMENT'S CONCLUSIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, NEW TAX LAWS, REGULATIONS, AND ADMINISTRATIVE INTERPRETATIONS(INCLUDING RELEVANT COURT DECISIONS). THE ORGANIZATION'S FEDERAL TAX RETURNS FOR THE PRIOR THREE FISCAL YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. Schedule D, Part XI, Line 4b OTHER TOTAL ($91,277)=FUNDRAISING EVENT DIRECT EXPENSES ($79,118) +COGS ($34,811) + PNC SEAT TAX-PRESENTING ($4,241) + PNC SEAT TAX-RENTAL ($8,146) + LOSS ON ASSET DISPOSAL $34,852 + OPERATING INTEREST INCOME $187 Schedule D, Part XII, Line 2d OTHER TOTAL $91,277=FUNDRAISING EVENT DIRECT EXPENSES $79,118 +COGS $34,811 + PNC SEAT TAX-PRESENTING $4,241 + PNC SEAT TAX-RENTAL $8,146 + LOSS ON ASSET DISPOSAL ($34,852) + OPERATING INTEREST INCOME ($187) GALA 100095 47236 52859 0 0 545 14567 50000 14006 0 0 100095 47236 52859 0 0 545 14567 50000 14006 79118 -26259 Form 990, Part VI, Section B, Line 11b A DRAFT OF THE 990 IS DISTRIBUTED VIA EMAIL TO THE FULL BOARD OF TOLEDO CULTURAL ARTS CENTER INC FOR THEIR REVIEW AND COMMENT. THE 990 IS REVISED BASED ON BOARD INPUT AS NEEDED. THE FINAL VERSION OF THE 990 IS MADE AVAILABLE TO THE BOARD UPON FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY WAS DISTRIBUTED TO ALL MEMBERS AT THE BOARD EACH YEAR FOR REVIEW. Form 990, Part VI, Section B, Line 15 COMPENSATION OF TCAC'S EXECUTIVE DIRECTOR IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD. SEVERAL FACTORS INCLUDING INDIVIDUAL PERFORMANCE, BUDGET PERFORMANCE, AND MARKET RATES OF COMPENSATION FOR SIMILAR SITUATED POSITIONS AND ORGANIZATIONS IN THE US ARE EVALUATED BY THE COMMITTEE. NO OTHER OFFICER OF TCAC IS COMPENSATED AND NO EMPLOYEES MEET THE CONDITIONS OF "KEY EMPLOYEE" LINE 15B-NO OTHER OFFICER OF TCAC IS COMPENSATED AND NO EMPLOYEES MEET THE CONDITIONS OF "KEY EMPLOYEE." Form 990, Part VI, Section C, Line 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST. ALSO, THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION ON ANOTHER'S WEBSITE WWW.GUIDESTAR.ORG. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE GENERALLY NOT PROVIDED TO THE PUBLIC, OTHER THAN THOSE REQUIRED TO BE DISCLOSED BY LAW. OTHER INFORMATION PERTAINING TO THE ORGANIZATION AND VALENTINE THEATRE CAN BE FOUND ON OUR WEBSITE AT HPPTS://VALENTINETHEATRE.COM Form 990, Part IX, Line 11g OTHER PROGRAM SERVICES EXPENSES $246,908=ARTIST FEE $211,289 + SHOW SECURITY $2,844 + RENTAL SECURITY $7439 - INKIND SECURITY $90 + CASUAL LABOR-PROGRAM SERVICE $24,272 + LOBBY SECURITY $1154 OTHER MANAGEMENT AND GENERAL EXPENSES $12,890=CASUAL LABOR-MANAGEMENT AND GENERAL $12890. OTHER FUNDRAISING EXPENSES $2,553=CASUAL LABOR-FUNDRAISING $2553 VALENTINE FOUNDATION LLC 410 ADAMS ST TOLEDO OH 43604 341385037 ENDOWMENT OH 236228 5781742 N/A