2021-04-08T09:18:11-05:00 2020-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2019-07-01 521289737 ROUND HOUSE THEATRE INC ROUN 2406441099 4545 EAST WEST HIGHWAY BETHESDA MD 20814 ED ZAKRESKI MANAGING DIRECTOR 2406441099 2021-04-08 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2019 2022-09-23 18:48:47Z ED ZAKRESKI 4545 EAST WEST HIGHWAY BETHESDA MD 20814 5816813 0 X WWW.ROUNDHOUSETHEATRE.ORG X 1982 MD ROUND HOUSE THEATRE IS A THEATRE FOR EVERYONE. 31 31 220 440 0 0 4108653 3459572 1845059 1998429 3953 62995 62218 -2906 6019883 5518090 0 0 0 0 3354055 3776757 0 0 1164244 2133681 2963726 5487736 6740483 532147 -1222393 11809837 11821035 5184631 6431824 6625206 5389211 ROUND HOUSE IS A THEATRE FOR EVERYONE. WE ENRICH OUR COMMUNITY THROUGH BOLD, OUTSTANDING THEATRICAL AND EDUCATIONAL EXPERIENCES THAT INSPIRE EMPATHY AND DEMAND CONVERSATION. 0 0 4002560 1468634 PERFORMANCE: ROUND HOUSE IS ONE OF THE LEADING PROFESSIONAL THEATRES IN THE WASHINGTON, DC METROPOLITAN AREA. WE REGULARLY PRODUCE A SEASON OF NEW PLAYS, MODERN CLASSICS AND MUSICALS AT OUR THEATRE IN BETHESDA. IN THE 2019-2020 SEASON, WE WELCOMED MORE THAN 30,000 PATRONS TO OUR RENOVATED THEATRE IN BETHESDA BEFORE THE COVID-19 PANDEMIC REQUIRED US TO CEASE LIVE PERFORMANCES. AFTER HAVING TO CANCEL THREE IN-PERSON PRODUCTIONS, ROUND HOUSE CONTINUED TO CREATE ART BY LAUNCHING AN EXTENSIVE SERIES OF DIGITAL FILMS AND OTHER OFFERINGS. THESE CREATIVE PRODUCTS WERE STREAMED DIRECTLY TO PATRONS EXPANDING OUR AUDIENCE BASE FROM COAST TO COAST. 654908 426358 EDUCATION: IN SPITE OF THE PANDEMIC, ROUND HOUSE CONTINUED TO SERVE MORE THAN 5,000 STUDENTS OF ALL AGES THROUGH VIRTUAL AND LIVE PROGRAMS IN OUR EDUCATION CENTER, OUR BETHESDA THEATRE, AND SCHOOLS THROUGH MONTGOMERY COUNTY. OUR PLAY IT FORWARD INITIATIVE INCLUDES: THE TEEN PERFORMANCE COMPANY - A PROGRAM THAT PROVIDES HIGH SCHOOL STUDENTS WITH TRAINING AND MENTORSHIP BY RHT ARTISTS AND CULMINATES IN THE SARAH METZGER MEMORIAL PLAY, WHICH IS DIRECTED, DESIGNED, AND PERFORMED BY TPC MEMBERS; APPRENTICESHIPS AND INTERNSHIPS; AND FREE PLAY -FREE TICKETS TO ANY STUDENT AGE 13 THROUGH COLLEGE FOR ANY SHOW. ADDITIONAL PROGRAMS INCLUDE: SUMMER CAMP FOR STUDENTS IN GRADES K-12; DAYS OFF! PLAY IN A DAY; CLASSES FOR YOUTH, TEENS, ADULTS, AND SENIORS; STUDENT MATINEES AND VIRTUAL RESIDENCIES. 4657468 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 70 0 1 220 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD VA X TIM CONLEY 2406441419 1 VETERANS PLACE SILVER SPRING MD 20910 DOUGLAS M BIBBY PRESIDENT 10.00 X X 0 0 0 LINDA J RAVDIN VICE PRESIDENT 5.00 X X 0 0 0 CATHY S BERNARD TREASURER 5.00 X X 0 0 0 AMY SELCO SECRETARY 5.00 X X 0 0 0 ELAINE KOTELL BINDER TRUSTEE 2.00 X 0 0 0 STEPHANIE DESIBOUR TRUSTEE 2.00 X 0 0 0 MITCHELL S DUPLER TRUSTEE 5.00 X 0 0 0 MABOUD EBRAHIMZADEH TRUSTEE 2.00 X 0 0 0 LAURA FORMAN TRUSTEE 2.00 X 0 0 0 ANN GILBERT TRUSTEE 2.00 X 0 0 0 SUSAN GILBERT TRUSTEE 2.00 X 0 0 0 JAY HAMMER TRUSTEE 2.00 X 0 0 0 BONNIE HAMMERSCHLAG TRUSTEE 2.00 X 0 0 0 DANIEL KAPLAN TRUSTEE 2.00 X 0 0 0 NEIL KERWIN TRUSTEE 2.00 X 0 0 0 DEBRA KRAFT LIBERATORE TRUSTEE 2.00 X 0 0 0 BRUCE LANE TRUSTEE 2.00 X 0 0 0 MARION EIN LEWIN TRUSTEE 5.00 X 0 0 0 PAUL MASON TRUSTEE 2.00 X 0 0 0 KATHLEEN MATTHEWS TRUSTEE 2.00 X 0 0 0 ARUNA MILLER TRUSTEE 2.00 X 0 0 0 SALLY PATTERSON TRUSTEE 2.00 X 0 0 0 MARK SHUGOLL TRUSTEE 2.00 X 0 0 0 DAVID H SMITH TRUSTEE 2.00 X 0 0 0 PATTI SOWALSKY TRUSTEE 2.00 X 0 0 0 IVANIA STACK TRUSTEE 2.00 X 0 0 0 ROGER WILLIAMS TRUSTEE 2.00 X 0 0 0 JUDY ZICKLER TRUSTEE 2.00 X 0 0 0 LESLIE GRIZZARD TRUSTEE (FROM 5/2020) 2.00 X 0 0 0 MICHAEL HEINTZ TRUSTEE (FROM 5/2020) 2.00 X 0 0 0 MICHAEL STEELE TRUSTEE (FROM 5/2020) 2.00 X 0 0 0 RYAN RILETTE ARTISTIC DIRECTOR 48.00 X 179950 0 26316 ED ZAKRESKI MANAGING DIRECTOR 48.00 X 179950 0 33129 359900 0 59445 2 0 1 0 FORRESTER CONSTRUCTION LLC 12231 PARKLAWN DRIVE ROCKVILLE MD 20852 RENOVATION SERVICES 2795152 CHARCOALBLUE LLC 150 WEST 28TH STREET SUITE 1504 NEW YORK NY 10001 RENOVATION CONSULTING 211377 DOYLE PRINTING & OFFSET COMPANY 5206 46TH AVE HYATTSVILLE MD 20781 PRINTING SERVICES 133325 THE SHAKESPEARE THEATRE 516 8TH ST SE WASHINGTON DC 200032834 FACILITY RENTAL 125061 4 50694 835285 2573593 6152 3459572 TICKET SALES 711110 1055771 1055771 TOURING REVENUE 900099 367150 367150 TUITION 611600 311982 311982 LONDON THEATRE TRIP 900099 114376 114376 CONCESSION SALES 445200 103437 103437 45713 45713 1998429 19085 19085 276797 37012 269899 0 6898 37012 43910 43910 8700 50694 28824 -20124 -20124 MISCELLANEOUS 900099 17218 17218 17218 5518090 1894992 0 163526 407768 264333 102300 41135 2800610 2124786 256206 419618 72941 55472 6479 10990 268940 206340 21937 40663 226498 169123 24685 32690 106584 106584 12141 12141 193367 155969 13138 24260 350497 201592 80252 68653 78022 34492 43485 45 163630 163630 187217 154265 27621 5331 384008 263979 19479 100550 20967 8313 10577 2077 154599 4469 150130 586738 508914 25941 51883 44126 17494 22260 4372 PRODUCTION COSTS 357459 192936 785 163738 REPAIRS & MAINTENANCE 84826 42672 20883 21271 CREDIT CARD PROC. FEES 70788 28065 35710 7013 CONCESSIONS EXPENSES 57683 22869 29099 5715 111074 42224 54740 14110 6740483 4657468 918771 1164244 X 454571 792767 564463 217636 4234889 1814490 241033 2603 203612 42816 10002605 1803662 5351250 8198943 721921 713657 38098 38123 11809837 11821035 406463 207011 1020643 475063 3757525 5188450 561300 5184631 6431824 X 4558652 4583458 2066554 805753 6625206 5389211 11809837 11821035 -1222393 -13602 0 X 0 1 X 1 0 X 1985595 4272150 5474569 4108653 3459572 19300539 1087524 1087524 1087524 1116849 1116849 5496270 3073119 5359674 6562093 5225502 4576421 24796809 2922833 21873976 20941 16925 13947 19475 19085 90373 24022 60095 84117 1515 5854 3699 2123 17218 30409 25001708 9335236 0.87490 0.87820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 767774 -2602 11905 753267 754414 10000 14616 11256 767774 751963 10000 11948 19497 754414 715063 10000 26900 751963 715696 10075 9703 20411 715063 0.00000 0.95760 0.04240 0 0 8157025 551671 7605354 1768380 1174791 593589 77200 77200 0 8198943 X 6647883 -13602 1126712 28824 1141934 5505949 12141 12141 5518090 7883878 1126712 28824 1155536 6728342 12141 12141 6740483 PART V, LINE 4: ENDOWMENTS FOR ARTISTIC PROGRAMMING; ALL INCOME EARNED (UP TO 6%) ON THE CORPUS AMOUNT IS AVAILABLE FOR OPERATIONS. THE NET INVESTMENT EARNINGS FROM THE THEATRE'S PERMANENTLY RESTRICTED NET ASSETS ARE TO BE USED TO SUPPORT AN ANNUAL HIGH SCHOOL PLAY, ARTISTIC DEVELOPMENT, NEW PLAYS, AND SPECIAL PROGRAMS. PART X, LINE 2: FOR THE YEARS ENDED JUNE 30, 2020 AND 2019, THE THEATRE HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED AS AN EXPENSE ON THE 28,824. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON PART VIII, LINE 8C. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED AS AN EXPENSE ON THE 28,824. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON PART VIII, LINE 8C. DINNER ON STAGE 59394 50694 8700 25777 1800 1247 59394 50694 8700 25777 1800 1247 28824 -20124 X X X 0 0 0 0 0 0 0 1 0 RYAN RILETTE ARTISTIC DIRECTOR 169950 0 10000 0 0 0 5399 0 20917 0 206266 0 0 0 ED ZAKRESKI MANAGING DIRECTOR 169950 0 10000 0 0 0 5399 0 27730 0 213079 0 0 0 PART I, LINE 7 SEE PART II, COLUMN (II) FOR BONUS DETAILS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE ARTISTIC DIRECTOR, MANAGING DIRECTOR, GENERAL MANAGER, AND FINANCE COMMITTEE. THE FULL BOARD WAS PROVIDED A COPY OF THE RETURN BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD AND EACH EMPLOYEE WHO HAS RESPONSIBILITY PERTAINING TO ACTIONS OR TRANSACTIONS BY ROUND HOUSE THEATRE (RHT) THAT MAY INVOLVE A FINANCIAL INTEREST OR OTHER INTEREST COMPLETES A CONFLICT OF INTEREST AFFIRMATION ("AFFIRMATION") AS CIRCUMSTANCES WARRANT AS DETERMINED BY THE BOARD, BUT NO LESS FREQUENTLY THAN ANNUALLY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL OR OTHER INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR OF THE BOARD. DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR OF THE BOARD REVIEW EACH INTERESTED PERSON'S AFFIRMATION AND ANY OTHER DISCLOSURES REGARDING THE FINANCIAL INTEREST OR OTHER INTEREST OF THE INTERESTED PERSON. AFTER DISCLOSURE OF THE FINANCIAL OR OTHER INTEREST, THE INTERESTED PERSON LEAVES THE MEETING WHILE THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR OF THE BOARD DISCUSS AND VOTE ON WHETHER A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR BOARD DETERMINE WHETHER RHT CAN OBTAIN WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT PRODUCE A CONFLICT OF INTEREST. IF IT HAS DETERMINED THAT A MORE ADVANTAGEOUS ALTERNATIVE TRANSACTION OR ARRANGEMENT IS NOT REASONABLY FEASIBLE, THE EXECUTIVE COMMITTEE OR BOARD DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF RHT, FOR ITS OWN BENEFIT, AND FAIR AND REASONABLE. BASED ON THESE DETERMINATIONS, THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OR BOARD DECIDE WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE ARTISTIC DIRECTOR AND MANAGING DIRECTOR WAS REVIEWED BY THE BOARD OF DIRECTORS. THE BOARD REVIEWED COMPENSATION AT COMPARABLE ENTITIES. THE DELIBERATION AND DECISION OF THE BOARD WAS DOCUMENTED IN THE MEETING MINUTES. THE LAST COMPENSATION REVIEW TOOK PLACE IN JULY 2019. THE ARTISTIC DIRECTOR AND MANAGING DIRECTOR, IN CONSULTATION WITH THE BOARD, DETERMINE OTHER STAFF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART X, LINE 24: ON APRIL 20, 2020, THE THEATRE RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $561,300 UNDER THE PAYCHECK PROTECTION PROGRAM. THE PROMISSORY NOTE CALLS FOR MONTHLY PRINCIPAL AND INTEREST PAYMENTS AMORTIZED OVER THE TERM OF THE PROMISSORY NOTE WITH A DEFERRAL OF PAYMENTS FOR THE FIRST SIX MONTHS. UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), THE PROMISSORY NOTE MAY BE FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION IN WHOLE OR IN PART. THE THEATRE INTENDS TO USE THE PROCEEDS FOR PURPOSES CONSISTENT WITH THE PAYCHECK PROTECTION PROGRAM AND BELIEVES THAT ITS USE OF THE LOAN PROCEEDS WILL MEET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. THE THEATRE INTENDS TO APPLY FOR FORGIVENESS AFTER COMPLETING THE 24 WEEK PERIOD. IF FORGIVENESS IS GRANTED, THE THEATRE WILL RECORD REVENUE FROM DEBT EXTINGUISHMENTS DURING THE PERIOD THAT FORGIVENESS WAS APPROVED.