2021-05-17T15:35:31-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2019-07-01 860108839 THE PHOENIX THEATRE COMPANY PHOE 6022581974 1825 N CENTRAL AVENUE PHOENIX AZ 85004 VINCENT VANVLEET MANAGING DIRECTOR 6022581974 2021-05-17 1 MELISSA HANGSLEBEN P02087031 6022662248 2021-05-17 2019 2022-09-23 18:48:47Z X VINCENT VANVLEET 1825 N CENTRAL AVENUE PHOENIX AZ 85004 8774593 0 X WWW.PHOENIXTHEATRE.COM X 1946 AZ PUBLIC THEATRE. 26 26 364 328 0 0 2423637 3958056 6332441 4435946 751 272 -67882 210660 8688947 8604934 0 0 0 0 4376653 4556185 0 0 441301 4137750 3607228 8514403 8163413 174544 441521 20090831 21212066 3962225 4963431 16128606 16248635 X PHOENIX THEATRE CREATES EXCEPTIONAL THEATRICAL EXPERIENCES TO ARTICULATE MESSAGES THAT INSPIRE HOPE AND UNDERSTANDING. 0 0 5500769 0 4326709 SUBSCRIPTION SERIES: WE VALUE THEATRE AS A PLACE WHERE PEOPLE CAN BE ACCEPTED REGARDLESS OF RACE, CREED, ORIENTATION OR COLOR. THE ARTS IS WHERE ANYONE CAN GO - POPULAR, GEEKY, BROKEN DOWN OR AFFLUENT - AND BE WELCOMED. THEATRE LIVES WHERE WE WISH THE WHOLE WORLD LIVED. BY INSPIRING EMPATHY AND THE ABILITY TO SEE THINGS FROM ANOTHER'S POINT OF VIEW, WE ENCOURAGE QUALITIES THAT LEAD TO VISIONARY LEADERSHIP AND BUILD COMMUNITIES IN WHICH WE ARE PROUD TO WORK AND LIVE. 295405 0 109237 EDUCATION: PHOENIX THEATRE BELIEVES THE ARTS ARE ESSENTIAL BECAUSE THEY FOSTER THE HERO WITHIN, CREATE GREATER UNDERSTANDING OF CULTURAL AND POLITICAL DIFFERENCES AND, IN AN ERA OF SIMULATED VIRTUAL GATHERINGS, CONTINUE TO PROVIDE A FORUM IN WHICH THE COMMUNITY FROM ALL WALKS OF LIFE CAN GATHER, LIVE AND IN-PERSON. PHOENIX THEATRE BELIEVES THE PROCESS OF CREATING THEATRICAL EXPERIENCES IS JUST AS IMPORTANT AS THE EXPERIENCE ITSELF. PHOENIX THEATRE STRIVES TO PRODUCE THE NEXT GENERATION OF PEOPLE WHO PRODUCE THEATRICAL EXPERIENCES. PHOENIX THEATRE CREATED A COMMUNITY OF ARTISTS - FROM THE ACTOR TO THE PROP DESIGNER; FROM THE MUSICIAN TO THE SET BUILDER, AND SO ON. PHOENIX THEATRE IS A PLACE WHERE THESE ARTISTS LIVE, CREATE, AND LEARN. THROUGH MENTORSHIP, APPRENTICESHIP PROGRAMS, AND PARTNERING WITH ASU, PHOENIX THEATRE DEVELOPS MUCH NEEDED PROGRAMS TO EDUCATE AND TRAIN THOSE WHO MAKE EXCEPTIONAL THEATRICAL EXPERIENCES POSSIBLE. 5796174 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 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 1 0 0 0 0 1 89 0 364 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MATT SCHAEFER 6022581974 1825 N CENTRAL AVENUE PHOENIX AZ 85004 MICHAEL BARNARD ARTISTIC DIRECTOR 40.00 X 187826 0 10091 VINCENT VANVLEET MANAGING DIRECTOR 40.00 X 160362 0 8351 JASON KUSH PRESIDENT 2.00 X X 0 0 0 JAMIE MAYROSE VICE PRESIDENT 2.00 X X 0 0 0 TIM HOPKINS TREASURER 2.00 X 0 0 0 WENDY VALENZUELA SECRETARY 2.00 X 0 0 0 JAMIE HORMEL DIRECTOR 2.00 X 0 0 0 MATT GILBREATH DIRECTOR 2.00 X 0 0 0 REED GLICK DIRECTOR 2.00 X 0 0 0 PATSY KELLY DIRECTOR 2.00 X 0 0 0 ROBERT MACHIZ DIRECTOR 2.00 X 0 0 0 KARA MONTALVO DIRECTOR 2.00 X 0 0 0 CALEB REESE DIRECTOR 2.00 X 0 0 0 LARRY WULKAN JR DIRECTOR 2.00 X 0 0 0 LESLIE BENNER DIRECTOR 2.00 X 0 0 0 JUDITH HARDES DIRECTOR 2.00 X 0 0 0 ROBERT MEZA DIRECTOR 2.00 X 0 0 0 PATTY JOHNSON DIRECTOR 2.00 X 0 0 0 VICKI MARCE DIRECTOR 2.00 X 0 0 0 JIM MANLEY DIRECTOR 2.00 X 0 0 0 DONNY PEPER DIRECTOR 2.00 X 0 0 0 KIM LLUMIQUINGA DIRECTOR 2.00 X 0 0 0 CY BROWN DIRECTOR 2.00 X 0 0 0 MEGAN FINNERTY DIRECTOR 2.00 X 0 0 0 RICHARD DORIA DIRECTOR 2.00 X 0 0 0 MICHAEL GIAVANTI DIRECTOR 2.00 X 0 0 0 JEFF GARDNER DIRECTOR 2.00 X 0 0 0 LIZ KOPPINGER DIRECTOR 2.00 X 0 0 0 348188 0 18442 2 0 1 0 RSP ARCHITECTS PO BOX 1450 MINNEAPOLIS MN 55485 ARCHITECTUAL SERVICES 591259 CLEARWING PRODUCTIONS INC 4025 W BUCKEYE RD PHOENIX AZ 85009 PROVIDES LIGHTING AND AUDIO SERVICES 144963 PRIME SOURCE 685 W ELLIOT ROAD TEMPE AZ 85284 DIGITAL MARKETING 134909 THEATRICAL RIGHTS WORLDWIDE 1180 AVENUE OF THE AMERICAS SUITE 6 NEW YORK NY 10036 PRODUCTION RIGHTS AND ROYALTIES 129751 MUSIC THEATRE INTERNATIONAL 423 W 55TH STREET SECOND FLOOR NEW YORK NY 10019 PRODUCTION RIGHTS AND ROYALTIES 105078 8 422305 95891 3439860 275175 3958056 PERFORMANCE PROGRAMS 711110 3960890 3960890 TICKET SERVICING REVENUE 711110 365819 365819 ACADEMY 611710 109237 109237 4435946 272 272 183 183 14489 2500 0 0 14489 2500 16989 16989 354250 422305 169659 184591 184591 OTHER REVENUE 900099 8897 8897 8897 8604934 4435946 0 210932 280821 85235 97692 97894 3728072 2886926 685804 155342 21041 16228 4242 571 224512 165419 45906 13187 301739 217252 63365 21122 23367 23367 466951 293753 151214 21984 767493 4852 762842 -201 142038 126235 12244 3559 534681 534681 233751 198688 23375 11688 79282 82079 -2797 74694 74694 340273 340273 44449 37782 4445 2222 PRODUTION MATERIALS 233803 233803 CONCESSIONS 210289 210289 BANK FEES 147213 138669 8544 MISCELLANEOUS EXPENSES 144925 104858 35090 4977 164019 44458 7808 111753 8163413 5796174 1925938 441301 808544 1877463 378747 378736 1199096 1425324 39868 18323 60353 60353 262379 169011 7306724 3275022 3628741 4031702 306496 306496 270799 0 73127 73127 13062681 12871531 20090831 21212066 686445 221460 1614505 1694051 1658423 2076868 968200 2852 2852 3962225 4963431 X 638789 1577506 15489817 14671129 16128606 16248635 20090831 21212066 X 441521 -169884 -151608 X X 0 0 0 X 3122466 1967635 3712150 2423637 4069972 15295860 3741995 3731852 4916308 6450641 4790196 23630992 162843 168215 173764 173764 191150 869736 7027304 5867702 8802222 9048042 9051318 39796588 246198 327761 452262 432105 319136 1777462 0 246198 327761 452262 432105 319136 1777462 38019126 8705 3756 4361 91589 17444 125855 9156 6757 15913 8705 12912 11118 91589 17444 141768 16057 8897 24954 7036009 5880614 8813340 9155688 9077659 39963310 0.95140 0.94470 0.00350 0.00350 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 16,057. 2019 AMOUNT: $ 8,897. SCHEDULE A, PART III, SECTION B, LINES 11 AND 12: THE ORGANIZATION HAS BEEN REPORTING THE GROSS RECEIPTS FROM FUNDRAISING ACTIVITIES (FORM 990, PAGE 9, LINE 8A) ON LINE 12 OF SCHEDULE A. HOWEVER, THE INSTRUCTIONS FOR LINE 11 OF SCHEDULE A STATE THAT THE NET INCOME FROM UNRELATED BUSINESS ACTIVITIES NOT REPORTED ON LINE 10B SHOULD BE REPORTED HERE, EVEN IF THE ACTIVITY IS NOT REGULARLY CARRIED ON. BASED UPON THESE INSTRUCTIONS, IT IS MORE ACCURATE TO REPORT THE NET INCOME, IF ANY, FROM FUNDRAISING ACTIVITIES (FORM 990, PAGE 9, LINE 8C) ON LINE 11 OF SCHEDULE A SINCE THEY ARE CONSIDERED AN UNRELATED BUSINESS ACTIVITY THAT IS NOT SUBJECT TO TAX PURSUANT TO IRC SEC. 512(A)(1) SINCE THEY ARE NOT REGULARLY CARRIED ON. LINES 11 AND 12 IN PART III, SECTION B, HAVE BEEN RESTATED FOR ALL PRIOR YEARS PRESENTED AND THE 2016 AND 2017 TAX YEARS HAVE BEEN CORRECTLY REPORTED IN ACCORDANCE WITH THE PRECEDING EXPLANATION. THIS RESTATEMENT HAS NOT HAD A MATERIAL IMPACT ON THE PUBLIC SUPPORT PERCENTAGE THAT CONTINUES TO EXCEED 95%. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 896024 388200 1284224 918151 206480 228607 896024 844023 431744 3151 360767 918151 1044928 137 201042 844023 45000 999329 629 30 1044928 1.00000 0.00000 0.00000 0 0 382580 382580 4360993 1876348 2484645 445764 162461 283303 2031762 1156620 875142 85625 79593 6032 4031702 DONATED UTILITY RECEIVABLE 1431971 IN-KIND RENT RECEIVABLE 11439560 12871531 DEPOSITS 2852 2852 X PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS CONSISTED OF FUNDS FOR WHICH THE DONORS STIPULATE THE PRINCIPAL IS TO BE MAINTAINED IN PERPETUITY. THE EARNINGS AND NET APPRECIATION ON THESE FUNDS ARE UNRESTRICTED AND TEMPORARILY RESTRICTED AND ARE ALLOCATED FOR SPECIFIC PURPOSES BY THE THEATRE'S BOARD OF DIRECTORS OR IN ACCORDANCE WITH THE DONOR AGREEMENT. DURING 2016, THE BOARD OF DIRECTORS OF THE THEATRE DESIGNATED FUNDS TO ESTABLISH THREE RESERVE FUNDS, THE ARTISTIC RISK RESERVE ENHANCEMENT FUND, THE FACILITY RESERVE FUND, AND THE WORKING CAPITAL RESERVE FUND. THE ARTISTIC RISK RESERVE ENHANCEMENT FUND WAS CREATED WITH THE INTENT TO ALLOW THE THEATER TO TAKE ADVANTAGE OF ARTISTIC OPPORTUNITIES, FUND LARGER SCALE PRODUCTIONS THAT PRESENT ARTISTIC RISK, EXPERIMENT WITH NEW THEATRICAL FORMS, INITIATE MULTI-YEAR DEVELOPMENT OF NEW WORKS, AND TAKE ON UNIQUE ARTISTIC AND TECHNICAL CHALLENGES WITH PLAYS OR MUSICALS THAT ARE REMARKABLE IN SCOPE AND/OR SCALE WITH CONFIDENCE. THE FACILITY RESERVE FUND SHALL BE USED FOR THE PURPOSE OF EQUIPMENT ACQUISITION TO REPLACE AGING EQUIPMENT OR ACQUIRE NEW EQUIPMENT AND/OR TECHNOLOGY, AS WELL AS BUILDING UPGRADES. THE WORKING CAPITAL RESERVE FUND WAS CREATED WITH THE INTENT TO BUILD AND MAINTAIN AN ADEQUATE LEVEL OF UNRESTRICTED NET ASSETS TO SUPPORT THE THEATRE'S DAY-TO-DAY OPERATIONS IN THE EVENT OF UNFORESEEN SHORTFALLS. THE FUND MAY ALSO BE USED FOR ONE-TIME, NONRECURRING EXPENSES THAT WILL BUILD LONG-TERM CAPACITY, SUCH AS STAFF DEVELOPMENT, RESEARCH AND DEVELOPMENT, OR INVESTMENT IN INFRASTRUCTURE. PART X, LINE 2: THE PHOENIX THEATRE COMPANY AND SUBSIDIARY QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), AND ACCORDINGLY, THERE IS NO PROVISION FOR CORPORATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THIS THEATRE QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 OF THE IRC AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME DETERMINED TO BE UNRELATED BUSINESS TAXABLE INCOME (UBTI) WOULD BE TAXABLE. THE SUBSIDIARY IS A DISREGARDED ENTITY FOR INCOME TAX REPORTING PURPOSES SINCE IT HAS ONLY ONE MEMBER. THE THEATRE AND SUBSIDIARY HAVE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020 AND 2019. GALA EVENT 776555 422305 354250 54869 46898 67892 0 776555 422305 354250 54869 46898 67892 169659 184591 X X 0 0 0 0 0 0 0 0 0 MICHAEL BARNARD ARTISTIC DIRECTOR 187826 0 0 0 0 0 3515 0 6576 0 197917 0 0 0 VINCENT VANVLEET MANAGING DIRECTOR 160362 0 0 0 0 0 3108 0 5243 0 168713 0 0 0 X FUNDRAISER DONATIONS 15 275175 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS MAY ELECT AN EXECUTIVE COMMITTEE CONSISTING OF ALL OFFICERS WHO ARE DIRECTORS, THE CHAIRPERSON OF EACH COMMITTEE CREATED BY THE BOARD AND SUCH OTHER DIRECTORS AS MAY BE ELECTED BY THE BOARD OF DIRECTORS. MEMBERS OF THE EXECUTIVE COMMITTEE SHALL SERVE AT THE PLEASURE OF, AND MAY BE REMOVED WITH OR WITHOUT CAUSE AT ANY TIME BY, THE BOARD OF DIRECTORS. IF A VACANCY OCCURS ON THE EXECUTIVE COMMITTEE, THE VACANCY MAY BE FILLED ONLY BY A VOTE OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE POWERS OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, BUT SHALL NOT POSSESS ANY AUTHORITY OF THE BOARD OF DIRECTORS PROHIBITED TO IT BY LAW AND MAY NOT (A) FILL ANY VACANCY ON THE BOARD OF DIRECTORS, (B) APPROVE DISSOLUTION, MERGER OR THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, (C) ADOPT, AMEND OR REPEAL THE CORPORATION'S ARTICLES OF INCORPORATION OR THESE BYLAWS; (D) ADOPT OR APPROVE THE CORPORATION'S ANNUAL BUDGET OR ANNUAL AUDIT; OR (E) APPOINT OR REMOVE THE ARTISTIC DIRECTOR OR MANAGING DIRECTOR. THE BOARD OF DIRECTORS MAY, BY RESOLUTION, FURTHER RESTRICT THE POWER AND AUTHORITY OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL BARNARD AND VINCENT VANVLEET: FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. THE BOARD RECEIVES A COPY OF THE RETURN AFTER FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EVERY MEMBER OF THE BOARD OR IMMEDIATE FAMILY OF A BOARD MEMBER WHO IS A STAFF MEMBER, OFFICER, BOARD MEMBER, OR COMMITTEE MEMBER OF A CLIENT ORGANIZATION OR VENDOR OF THE PHOENIX THEATRE COMPANY SHALL DISCLOSE THEIR AFFILIATION. ANY PERSONS WITH A CONFLICT SHALL NOT PARTICIPATE IN THE DISCUSSION OR DECISION AFFECTING THAT AGENCY. THE CONFLICT OF INTEREST FORM MUST BE COMPLETED EACH YEAR AND ANY CONFLICTS ARE REVIEWED BY THE BOARD EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE, LED BY THE BOARD PRESIDENT, REVIEWS ALL NEW POTENTIAL SOURCES OF CONFLICT OF INTEREST AND ANY POTENTIAL CONFLICTS ARE REVIEWED BY THE COMMITTEE AS NECESSARY IN THEIR MONTHLY MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE SETS THE COMPENSATION FOR THE MANAGING DIRECTOR AND PRODUCING ARTISTIC DIRECTOR USING THE THEATRE COMMUNICATION GROUP'S NATIONAL SALARY SURVEY ALONG WITH LOCAL NONPROFIT COMPENSATION INFORMATION AND PERFORMANCE EVALUATION. THIS COMPENSATION IS SUBSEQUENTLY APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS LAST OCCURRED IN 2017 AS PART OF A 5 YEAR EMPLOYMENT AGREEMENT WITH THE MANAGING DIRECTOR AND THE PRODUCING ARTISTIC DIRECTOR AND WILL BE REVISITED IN 2021. THIS SAME PROCESS WOULD BE USED FOR THE OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IF THERE WERE ANY THAT WERE COMPENSATED. THE COMPENSATION DECISIONS ARE DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE THEATRE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE COMPANY'S WEBSITE. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -151,608. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN EITHER THE OVERSIGHT PROCESS OR THE SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT. PHOENIX THEATRE REAL ESTATE LLC 1825 N CENTRAL AVENUE PHOENIX AZ 85004 472393240 REAL ESTATE HOLDING AZ 0 0 THE PHOENIX THEATRE COMPANY