2021-03-26T10:40:59-07:00 2020-06-30 562271237 THOMAS & GIBBS CPAS PLLC 6114 FAYETTEVILLE RD STE 101 DURHAM NC 27713 990 2019-07-01 561759337 Carolina Theatre of Durham Inc CARO 9195603041 309 West Morgan Street Durham NC 27701 Randy McKay President & CEO 2021-03-26 true Kenneth D Gibbs P00238164 9195440555 2019 2022-09-23 18:48:47Z Randy McKay 2888341 false X www.carolinatheatre.org X 1992 NC 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. 18 18 131 325 0 629684 434520 1966776 1882375 3 7123 969324 417055 3565787 2741073 0 0 1839961 1849566 0 247885 1319426 1199819 3159387 3049385 406400 -308312 2262139 1891050 1212096 1149319 1050043 741731 X 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. false false 867826 589866 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. 700307 479468 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. 448070 622704 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. 315344 190339 2331547 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 92 0 true 131 true false false false false false false false 0 false false false false false false false X 18 18 false false true false false false false true true false false true true true true false true false false false X Steve Lebowitz 9195603070 309 West Morgan Street Durham NC 27701 Rebecca Newton President & CEO 40.00 0.00 X 120000 0 4753 Blake Crews Dir. of Finance 40.00 0.00 X 90000 0 7359 Bill Brian Interim Chair 1.00 0.00 X X 0 0 0 Mig Murphy Sistrom Treasurer 1.00 0.00 X X 0 0 0 Asher Hildebrand Director 1.00 0.00 X 0 0 0 Dawn Paffenroth Director 1.00 0.00 X 0 0 0 DeDreana Freeman Director 1.00 0.00 X 0 0 0 Ellen Reckhow Director 1.00 0.00 X 0 0 0 Richard Arnold Director 1.00 0.00 X 0 0 0 Adrian Brown Director 1.00 0.00 X 0 0 0 Emily Hill Director 1.00 0.00 X 0 0 0 Dawn Reno Langley Director 1.00 0.00 X 0 0 0 Angie Santiago Secretary 1.00 0.00 X X 0 0 0 Lisa Long Jackson Vice Chair 1.00 0.00 X X 0 0 0 Marc Lee Director 1.00 0.00 X 0 0 0 Rory Gillis Director 1.00 0.00 X 0 0 0 Robert Gofourth Director 1.00 0.00 X 0 0 0 Susan Scott Director 1.00 0.00 X 0 0 0 Valerie Whitted Director 1.00 0.00 X 0 0 0 Dan Berman Director 1.00 0.00 X 0 0 0 210000 12112 1 false false false 0 434520 434520 Admissions 711110 450164 450164 City Management fee 711110 690514 690514 Historic Facility fees 711110 165960 165960 Service income 711110 218403 218403 Third party bookings 711110 309578 309578 47756 47756 1882375 5533 5533 0 0 0 6360 4770 1590 1590 1590 0 0 480077 142498 337579 337579 Order handling 711110 52065 52065 Other miscellaneous 7491 7491 Ticketing Fees 711110 19920 19920 79476 2741073 2304963 1590 X 0 0 0 0 222112 20996 176689 24427 0 1377230 1154976 87208 135046 0 129869 106760 9186 13923 120355 89125 19170 12060 0 0 40376 40376 0 0 0 359531 235220 78875 45436 16674 16674 245320 202258 31851 11211 0 173278 172206 714 358 242003 234719 4856 2428 11024 11024 0 0 3451 3451 0 57751 56383 850 518 26823 9282 16285 1256 Miscellaneous 20652 20032 413 207 Signage & lobby displays 1471 1427 29 15 Bad Debts 1465 465 1000 0 3049385 2331547 469953 247885 1690269 983758 505525 9000 0 119903 645 0 0 0 18628 14189 63757 79843 651558 348446 333535 303112 0 0 0 0 27047 3978 2262139 1891050 214316 87973 177474 155898 69318 375416 750988 530032 1212096 1149319 X 823265 615375 226778 126356 1050043 741731 2262139 1891050 -308312 X false true X true false X 996417 803740 453184 629684 434520 3317545 0 0 996417 803740 453184 629684 434520 3317545 110464 3207081 258 2125 4 3 5533 7923 0 109454 59065 228564 113777 57880 568740 3894208 14697694 0.82360 0.83520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119780 58312 61468 414467 189899 224568 117311 100235 17076 303112 Amounts held for others 530032 530032 X 2883571 142498 142498 2741073 2741073 3191883 142498 142498 3049385 3049385 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 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.