CAROLINA THEATRE OF DURHAM INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CAROLINA THEATRE OF DURHAM INC (EIN 56-1759337)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-03-26
- IRS object ID
- 202110859349301011
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-03-26T10:40:59-07:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 562271237 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THOMAS & GIBBS CPAS PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6114 FAYETTEVILLE RD STE 101 | AddressLine1Txt |
| City | DURHAM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27713 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561759337 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Carolina Theatre of Durham Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CARO | BusinessNameControlTxt |
| Phone | 9195603041 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 309 West Morgan Street | AddressLine1Txt |
| City | Durham | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Randy McKay | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Signature | 2021-03-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kenneth D Gibbs | PreparerPersonNm |
| PTIN | P00238164 | PTIN |
| Phone | 9195440555 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Randy McKay | PrincipalOfficerNm |
| Gross Receipts | $2,888,341 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.carolinatheatre.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1992 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | To 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 131 | TotalEmployeeCnt |
| Total Volunteers | 325 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $629,684 | PYContributionsGrantsAmt |
| CY Contributions Grants | $434,520 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,966,776 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,882,375 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,123 | CYInvestmentIncomeAmt |
| PY Other Revenue | $969,324 | PYOtherRevenueAmt |
| CY Other Revenue | $417,055 | CYOtherRevenueAmt |
| PY Total Revenue | $3,565,787 | PYTotalRevenueAmt |
| CY Total Revenue | $2,741,073 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,839,961 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,849,566 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $247,885 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,319,426 | PYOtherExpensesAmt |
| CY Other Expenses | $1,199,819 | CYOtherExpensesAmt |
| PY Total Expenses | $3,159,387 | PYTotalExpensesAmt |
| CY Total Expenses | $3,049,385 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $406,400 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$308,312 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,262,139 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,891,050 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,212,096 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,149,319 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,050,043 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $741,731 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | To 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $867,826 | ExpenseAmt |
| Revenue | $589,866 | RevenueAmt |
| Desc | Live Performances: Carolina Theatre of Durham 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. In FY 2020, before the Theatre effectively ceased operations in March 2020 due to COVID-19 restrictions, CTD hosted 61 live performances featuring a wide range of artists and sold 46,866 tickets. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $700,307 | ExpenseAmt |
| Revenue | $479,468 | RevenueAmt |
| Desc | Film: CTD presents a wide range of art house current release films and the classic Retro Film Series. Additionally, the film department presents multiple film festivals including Nevermore and OutSouth. In FY2020, before the Theatre effectively ceased operations in March 2020 due to COVID-19 restrictions, the Retro Film Series attracted audiences of about 8,636, Nevermore attracted audiences of about 5,671 and OutSouth screened 166 films and attracted audiences of about 6,900. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $448,070 | ExpenseAmt |
| Revenue | $622,704 | RevenueAmt |
| Desc | 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. In FY2020, before the Theatre effectively ceased operations in March 2020 due to COVID-19 restrictions, CTD hosted 90 rental events. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $315,344 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $190,339 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $2,331,547 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 92 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 131 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Steve Lebowitz | PersonNm |
| Phone | 9195603070 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 309 West Morgan Street | AddressLine1Txt |
| City | Durham | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27701 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| Rebecca Newton | |||||||
| President & CEO | 40.00 | 0.00 | Yes (X) | $120,000 | $0 | $4,753 | |
| Blake Crews | |||||||
| Dir. of Finance | 40.00 | 0.00 | Yes (X) | $90,000 | $0 | $7,359 | |
| Bill Brian | |||||||
| Interim Chair | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Mig Murphy Sistrom | |||||||
| Treasurer | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Asher Hildebrand | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Dawn Paffenroth | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| DeDreana Freeman | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Ellen Reckhow | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Richard Arnold | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Adrian Brown | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Emily Hill | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Dawn Reno Langley | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Angie Santiago | |||||||
| Secretary | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Lisa Long Jackson | |||||||
| Vice Chair | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Marc Lee | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Rory Gillis | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Robert Gofourth | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Susan Scott | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Valerie Whitted | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Dan Berman | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $210,000 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $12,112 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $434,520 | AllOtherContributionsAmt |
| Total Contributions | $434,520 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Admissions | 711110 | $450,164 | $450,164 |
| City Management fee | 711110 | $690,514 | $690,514 |
| Historic Facility fees | 711110 | $165,960 | $165,960 |
| Service income | 711110 | $218,403 | $218,403 |
| Third party bookings | 711110 | $309,578 | $309,578 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,756 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $47,756 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,882,375 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,533 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,533 | RelatedOrExemptFuncIncomeAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $6,360 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,770 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,590 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,590 | TotalRevenueColumnAmt |
| Exclusion | $1,590 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $480,077 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $142,498 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $337,579 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $337,579 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Order handling | 711110 | $52,065 | $52,065 |
| Other miscellaneous | $7,491 | $7,491 | |
| Ticketing Fees | 711110 | $19,920 | $19,920 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $79,476 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,741,073 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,304,963 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,590 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $222,112 | TotalAmt |
| Program Services | $20,996 | ProgramServicesAmt |
| Management And General | $176,689 | ManagementAndGeneralAmt |
| Fundraising | $24,427 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,377,230 | TotalAmt |
| Program Services | $1,154,976 | ProgramServicesAmt |
| Management And General | $87,208 | ManagementAndGeneralAmt |
| Fundraising | $135,046 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,869 | TotalAmt |
| Program Services | $106,760 | ProgramServicesAmt |
| Management And General | $9,186 | ManagementAndGeneralAmt |
| Fundraising | $13,923 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,355 | TotalAmt |
| Program Services | $89,125 | ProgramServicesAmt |
| Management And General | $19,170 | ManagementAndGeneralAmt |
| Fundraising | $12,060 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,376 | TotalAmt |
| Management And General | $40,376 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $359,531 | TotalAmt |
| Program Services | $235,220 | ProgramServicesAmt |
| Management And General | $78,875 | ManagementAndGeneralAmt |
| Fundraising | $45,436 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,674 | TotalAmt |
| Program Services | $16,674 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $245,320 | TotalAmt |
| Program Services | $202,258 | ProgramServicesAmt |
| Management And General | $31,851 | ManagementAndGeneralAmt |
| Fundraising | $11,211 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,278 | TotalAmt |
| Program Services | $172,206 | ProgramServicesAmt |
| Management And General | $714 | ManagementAndGeneralAmt |
| Fundraising | $358 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,003 | TotalAmt |
| Program Services | $234,719 | ProgramServicesAmt |
| Management And General | $4,856 | ManagementAndGeneralAmt |
| Fundraising | $2,428 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,024 | TotalAmt |
| Program Services | $11,024 | ProgramServicesAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,451 | TotalAmt |
| Management And General | $3,451 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,751 | TotalAmt |
| Program Services | $56,383 | ProgramServicesAmt |
| Management And General | $850 | ManagementAndGeneralAmt |
| Fundraising | $518 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,823 | TotalAmt |
| Program Services | $9,282 | ProgramServicesAmt |
| Management And General | $16,285 | ManagementAndGeneralAmt |
| Fundraising | $1,256 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Miscellaneous | $20,652 | $20,032 | $413 | $207 |
| Signage & lobby displays | $1,471 | $1,427 | $29 | $15 |
| Bad Debts | $1,465 | $465 | $1,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,049,385 | TotalAmt |
| Program Services | $2,331,547 | ProgramServicesAmt |
| Management And General | $469,953 | ManagementAndGeneralAmt |
| Fundraising | $247,885 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,690,269 | BOYAmt |
| EOY | $983,758 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $505,525 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,903 | BOYAmt |
| EOY | $645 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,628 | BOYAmt |
| EOY | $14,189 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,757 | BOYAmt |
| EOY | $79,843 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $651,558 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $348,446 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $333,535 | BOYAmt |
| EOY | $303,112 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,047 | BOYAmt |
| EOY | $3,978 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,262,139 | BOYAmt |
| EOY | $1,891,050 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $214,316 | BOYAmt |
| EOY | $87,973 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,474 | BOYAmt |
| EOY | $155,898 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,318 | BOYAmt |
| EOY | $375,416 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $750,988 | BOYAmt |
| EOY | $530,032 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,212,096 | BOYAmt |
| EOY | $1,149,319 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $823,265 | BOYAmt |
| EOY | $615,375 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $226,778 | BOYAmt |
| EOY | $126,356 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,050,043 | BOYAmt |
| EOY | $741,731 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,262,139 | BOYAmt |
| EOY | $1,891,050 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$308,312 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $996,417 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $803,740 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $453,184 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $629,684 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $434,520 | CurrentTaxYearAmt |
| Total | $3,317,545 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $996,417 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $803,740 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $453,184 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $629,684 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $434,520 | CurrentTaxYearAmt |
| Total | $3,317,545 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $110,464 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,207,081 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $258 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,125 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,533 | CurrentTaxYearAmt |
| Total | $7,923 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $109,454 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $59,065 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $228,564 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $113,777 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $57,880 | CurrentTaxYearAmt |
| Total | $568,740 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,894,208 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $14,697,694 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.82360 | PublicSupportCY170Pct |
| Public Support PY170 | 0.83520 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $119,780 | OtherCostOrOtherBasisAmt |
| Depreciation | $58,312 | DepreciationAmt |
| Book Value | $61,468 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $414,467 | OtherCostOrOtherBasisAmt |
| Depreciation | $189,899 | DepreciationAmt |
| Book Value | $224,568 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $117,311 | OtherCostOrOtherBasisAmt |
| Depreciation | $100,235 | DepreciationAmt |
| Book Value | $17,076 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $303,112 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Amounts held for others | Desc |
| Amt | $530,032 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $530,032 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,883,571 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $142,498 | OtherRevenueAmt |
| Revenue Not Reported | $142,498 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,741,073 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $2,741,073 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,191,883 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $142,498 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $142,498 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,049,385 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $3,049,385 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X : FIN48 Footnote | 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 revenue amounts included in F/S but not included on form 990 | Cost of goods sold netted with revenue $142498 |
| Part XII, Line 2d: Other expenses and losses per audited F/S | COGS netted with revenue $142498 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d: Other Program Services Description | OTHER PROGRAM SERVICES 4: Live Performances: Carolina Theatre of Durham 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. In FY 2020, before the Theatre effectively ceased operations in March 2020 due to COVID-19 restrictions, CTD hosted 61 live performances featuring a wide range of artists and sold 46,866 tickets. |
| Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents | Article II - Purpose - was updated to reflect the Theatre's new mission statement. Article III - MembershipSection 1 has been updated to reflect the amendment to the Theatre's operating agreement with the City of Durham in 2016. Section 2.B has been updated to clarify the respective appointment processes for Board and City/County appointments.Section 2.C has been updated to clarify that trustees appointed by the City Council and County Commission from among their members shall serve as regular, voting members of the Board, but may request an exemption form service on committees of the Board. Section 2.E has been updated to establish a uniform two-thirds majority threshold for removal of trustees. The current Bylaws include a majority threshold and a separate provision for removal for non-attendance, which has never been enforced.Article IV - Officers and Terms of OfficeSection 1 has also been updated to de-couple the Vice Chair position from the Chairmanship of the Development Committee, though it retains the coupling of the Secretary/Board Engagement Chair and Treasurer/Finance Chair positions.Section 2 has been updated to establish a one year, non-renewable term of office for the Chair and Vice Chair positions and a one year, renewable term of office for the Secretary and Treasurer positions. The current Bylaws include a two year, non-renewable term for the Chair and one-year, renewable terms for other positions, which has been a source of confusion and may have diminished interest in officer service.Section 3 has been updated to clarify that the Board Engagement Committee is responsible for facilitating the nomination and election of officers and establish a detailed process to govern officer elections. The current Bylaws do not specify who is responsible for officer elections or what the election process should look like, which has been a source of confusion and conflict on the Board. The section has also been updated to remove a provision allowing nominations for officer positions to be made from the floor at the meeting at which the Board vote occurs (but retains an open nominations process prior to this meeting, instead of requiring a slate).Article V - MeetingsSection 5 has been updated to clarify that Board meeting agendas must be circulated at least one week in advance and that any trustee may request the addition of agenda items and/or raise new items for discussion at meetings.Section 6.D has been updated to clarify that actions taken without a Board meeting only by a unanimous vote, to bring the Bylaws into conformity with N.C. statute.Article VI - Executive CommitteeSection 1 has been updated to add the immediate past Chair of the Board and Chair of the Development Committee as Executive Committee members, and to reduce the number of at-large members by one, for a total number of seven. The current Bylaws include the four officers plus two at-large members on the Executive Committee.Section 2 has been added to clarify that Executive Committee members must be appointed by the full Board, to bring the Bylaws into conformity with N.C. statute.Section 3 imposes additional restrictions on the powers of the Executive Committee, including a restriction on the authorization of unbudgeted expenditures, to bring the Bylaws into conformity with N.C. statute. The current Bylaws prohibit the Executive Committee from authorizing expenditures greater than $50,000 or taking actions that would require a 2/3 majority vote, but impose no restrictions beyond that.Section 4 has been updated to require the Executive Committee to notify the full Board of its meetings, allow Trustees to request the inclusion of agenda items in Executive Committee meetings, and require minutes of Executive Committee meetings to be recorded and distributed to the full Board. The current Bylaws do not include these.Article VII - CommitteesSection 1 has been updated to clarify names and responsibilities of the three Standing Committees, reflecting recent discussions of the Board.Section 3 has been updated to clarify that all committee chairs and members must be appointed by the full Board, to bring the Bylaws into conformity with N.C. statute.Section 4 has been updated to require standing committees to meet at regular intervals, to circulate their meeting schedules once per year, and to submit reports on their meetings.Article IX - President/CEOSection 1 has been updated to clarify that candidates for President/CEO shall meet with the Board prior to receiving a vote. The section also clarifies that the Board may establish written performance expectations and periodically evaluate progress toward these expectations. The current Bylaws do not include these provisions. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | Initial draft is prepared by outside CPA firm based on audited financial statements and other information. Detailed review performed by Director of Finance. Draft form 990 is distributed to all Board of Trustees for their review and comment. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Annual review of conflict of interest policy at a board meeting. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | None. |
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