2021-02-15T11:11:36-06:00 2020-06-30 020449197 OSTER & WHEELER PC 86 WEST STREET PO BOX 623 KEENE NH 03431 990 2019-07-01 203053280 THE PARK THEATRE INC PARK 6035325717 19 MAIN STREET JAFFREY NH 03452 CAROLINE HOLLISTER PRESIDENT/TREASURER 6035325717 2021-02-15 1 CHRISTOPHER R WHEELER CPA P01436628 6033524500 2021-02-15 2019 2022-09-23 18:48:47Z CAROLINE HOLLISTER 19 MAIN STREET JAFFREY NH 03452 751680 0 X WWW.THEPARKTHEATRE.ORG X 2005 NH TO PROVIDE AND PROMOTE EDUCATION, CULTURAL AND ENTERTAINMENT PROGRAMS AND ACTIVITIES FOR THE RESIDENTS OF AND VISTORS TO THE COMMUNITIES OF THE MONADNOCK REGION OF NEW HAMPSHIRE, AND TO LEASE AND/OR OWN, AND MAINTAIN PHYSICAL FACILITIES. 8 8 1 0 1093 0 802841 739614 5422 1890 133 76 -1751 1093 806645 742673 0 0 0 0 145423 131263 0 0 43711 98591 56585 244014 187848 562631 554825 2175247 5189416 316804 2136148 1858443 3053268 X TO PROVIDE AND PROMOTE EDUCATION, CULTURAL AND ENTERTAINMENT PROGRAMS AND ACTIVITIES FOR THE RESIDENTS OF AND VISTORS TO THE COMMUNITIES OF THE MONADNOCK REGION OF NEW HAMPSHIRE, AND TO LEASE AND/OR OWN, AND MAINTAIN PHYSICAL FACILITIES. 0 0 63814 1890 THE MISSION OF THE PARK THEATRE IS "TO PROVIDE AND PROMOTE EDUCATIONAL, CULTURAL AND ENTERTAINMENT PROGRAMS AND ACTIVITIES FOR THE RESIDENTS OF, AND VISITORS TO, THE MONADNOCK REGION OF NEW HAMPSHIRE COMMUNITIES, AND TO OWN AND MAINTAIN PHYSICAL FACILITIES."THE ONGOING CONSTRUCTION OF THE NEW PARK THEATRE MANDATED THE CONTINUED NEED TO UTILIZE THE INTERIM PERFORMANCE AND MOVIE VENUE, THE RIVER STREET THEATRE (RST), AS A CONSTRUCTION OFFICE. THIS USE MEANT THAT ALMOST ALL PUBLIC PROGRAMS WOULD NEED TO BE PRODUCED IN OUTSIDE LOCATIONS OR VIRTUALLY. THE RST WAS TEMPORARILY BROUGHT BACK FOR TWO EVENTS. FOR THE 4TH YEAR IN A ROW, THREE HOURS OF CONTINUOUS CARTOONS PRESENTED AT THE RST FREE-OF-CHARGE AS PART OF JAFFREY'S RIVERFEST. ADDITIONALLY, THE RST WAS USED ONE WEEKEND IN NOVEMBER TO PRODUCE "PLAY IN A DAY" (WRITTEN AND STAGED IN 24 HOURS).THE PARK THEATRE PARTICIPATED IN THE ANNUAL DOWNTOWN HALLOWEEN TRICK OR TREAT CANDY HANDOUT EVENT, WITH OVER 400 CHILDREN RECEIVING FREE CANDIES. FOR VETERANS DAY, THE HIGHLY ACCLAIMED DOCUMENTARY, THEY SHALL NOT GROW OLD, WAS PRESENTED FREE-OF-CHARGE AT THE JAFFREY WOMAN'S CLUB.SEVERAL FUNDRAISING EVENTS WERE PRODUCED IN PARTNERSHIP WITH THE AMERICAN LEGION IN DOWNTOWN JAFFREY. A FILMED PRODUCTION ABOUT THE LIFE OF JANIS JOPLIN SCREENED IN NOVEMBER AND BOSTON'S CHRIS FITZ BLUES BAND PERFORMED A ROUSING SHOW THAT MONTH AS WELL. THE MILL CITY RAGS BAND WAS PRESENTED AT THE LEGION AS WELL. IN HONOR OF MARTIN LUTHER KING, JR. DAY IN JANUARY, THE HIGHLY HONORED FILM, THE GREAT DEBATERS, WAS OFFERED FREE-OF-CHARGE AT THE JAFFREY WOMAN'S CLUB.THE ONSET OF COVID-19 FORCED THE CANCELATION OF MANY FUNDRAISING CONCERTS AND FILMS THAT WERE PLANNED FOR THE SPRING AND SUMMER.IN LATE MARCH, THE TRUSTEES APPROVED A RECOMMENDATION FROM THE CEO TO DEVELOP A TWICE-WEEKLY LIVE TV BROADCAST, MONADNOCK TONIGHT!, WHICH CONSISTED OF INTER-VIEWS AND PERFORMANCES IN EACH SHOW AND PROVIDING UP-TO-THE-MINUTE INFORMATION ABOUT EVENTS AND CONDITIONS IN TOWN AND THE REGION TO HELP INDIVIDUALS WITH THE PANDEMIC. BROADCAST WAS OVER FACEBOOK LIVE. THIS VIRTUAL PROGRAMMING (29 SHOWS) FROM MARCH 24 THROUGH JUNE 30TH, HAD 10,744 VIEWS ON FACEBOOK AND HAD BEEN WATCHED FOR ALMOST 28,000 MINUTES BY FISCAL YEAR'S END.THE PROGRAMMING AND PARTNERSHIPS, OFFERING A DIVERSE RANGE OF ARTS, CULTURE, AND ENTERTAINMENT, HAVE PROVIDED SIGNIFICANT INCREMENTAL TRAFFIC TO DOWNTOWN JAFFREY AND ITS BUSINESSES. SINCE 2007, OVER 27,853 PATRONS HAVE ATTENDED PROGRAMS PRE-SENTED BY THE PARK THEATRE. FROM JULY 2019 TO JUNE 2020, THE PARK THEATRE, RIVER STREET THEATRE, AND MONAD-NOCK TONIGHT! PRESENTED 48 EVENTS AND WITH 11,712 ATTENDEES. BASED ON THE AMERICANS FOR THE ARTS NEWEST ARTS & ECONOMIC PROSPERITY STUDY CALCULATOR, THE THEATRE'S ACTIVITIES HAVE GENERATED AN ESTIMATED (FROM 2007 THROUGH JUNE 2020) $364,764 IN COMMERCE TO LOCAL MERCHANTS.AS THE JUNE 30, 2020, THE PARK THEATRE WAS ALMOST FINISHED WITH ITS CONSTRUCTION AS THE SEATS IN THE MAIN AUDITORIUM WERE INSTALLED. COVID-19 DELAYED THE SCHEDULED SUMMER OPENING OF THE NEW THEATRE. HOWEVER, THE TRUSTEES ARE CONFIDENT THERE WILL BE AN APPROVED, SAFE OPENING IN THE FALL OF 2020. THE THEATRE IS EXPECTED TO RECEIVE A CERTIFICATE OF OCCUPANCY IN AUGUST OF 2020.THE VISION FOR THE PARK THEATRE IS THAT IT WILL BE "A REGIONAL CENTER FOR THE ARTS AND ENTERTAINMENT, A MEETING PLACE FOR THE COMMUNITY AND A DYNAMIC FORCE IN THE REGION'S ECONOMIC VITALITY AND QUALITY OF LIFE." (ADOPTED MAY 2006) 63814 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 2 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NH X LYNN C RUST CPA PC 6033586565 217R OLD HOMESTEAD HWY SWANZEY NH 03446 NANCY BELLETETE VICE PRESIDENT 10.00 X X 0 0 0 SUSAN EMERSON TRUSTEE 2.00 X 0 0 0 KEVIN HAMPSEY TRUSTEE 2.00 X 0 0 0 CAROLINE HOLLISTER PRESIDENT/TREASURER 40.00 X X 0 0 0 MARCIE MACKENZIE TRUSTEE 2.00 X 0 0 0 SUSAN SHAW-SARLES TRUSTEE 2.00 X 0 0 0 PEGGY UEDA TRUSTEE 2.00 X 0 0 0 DENNIS WRIGHT TRUSTEE 2.00 X 0 0 0 STEVEN JACKSON EXECUTIVE DIRECTOR 40.00 X 120154 0 19050 120154 0 19050 1 0 0 0 HUTTER CONSTRUCTION COMPANY 810 TURNPIKE ROAD NEW IPSWICH NH 03071 CONSTRUCTION OF THEATRE 2553657 1 739614 36628 739614 MOVIE SPONSORSHIP 711110 900 900 MOVIE TICKETS 711110 850 850 MOVIE CONCESSIONS 711110 140 140 1890 76 76 10100 9007 1093 1093 1093 742673 1890 1093 76 123492 41246 41123 41123 7771 2595 2588 2588 401 401 4350 4350 4052 3703 349 184 184 8367 3466 4901 15347 5551 9796 3549 3549 1797 1148 649 9959 653 9306 ANNUAL REPORT EXPENSE 5996 5996 MISCELLANEOUS EXPENSES 1377 1016 361 THEATRE SUPPLIES 703 703 SUPPLIES 503 503 187848 63814 80323 43711 7246 38345 271918 185468 50000 1650 250 222801 13277 212562 209524 18212 1683521 4685967 2175247 5189416 118148 316804 2018000 316804 2136148 X 771230 2843277 1087213 209991 1858443 3053268 2175247 5189416 X 554825 640000 0 X 0 1 X 0 1 1 X 734637 215080 316323 802841 698914 2767795 16072 14426 16461 5422 1890 54271 750709 229506 332784 808263 700804 2822066 0 0 0 2822066 866 68 84 133 76 1227 866 68 84 133 76 1227 1093 1093 751575 229574 332868 808396 701973 2824386 0.99920 0.99940 0.00040 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 129441 129441 91867 11784 80083 1493 1493 0 209524 CONSTRUCTION IN PROGRESS 4685967 4685967 X 751680 9007 9007 742673 0 742673 196855 9007 9007 187848 0 187848 PART X, LINE 2: THE THEATRE QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE THEATRE HAS EVALUATED ITS SIGNIFICANT TAX POSITIONS, INCLUDING THEIR TAX-EXEMPT STATUS, AND DETERMINED THAT THEY DO NOT NEED TO RECOGNIZE A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS FOR INTEREST, PENALTIES OR POTENTIAL TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. THE THEATRE'S ANNUAL FEDERAL RETURN FILING (FORM 990) AND NEW HAMPSHIRE ANNUAL REPORT (NHCT-2A) REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS FOR THE STANDARD THREE-YEAR STATUTE OF LIMITATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 9,007. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 9,007. X CONSTRUCTION IN PROGRESS - ARCHITECTURE 1 20000 FMV X CONSTRUCTION IN PROGRESS - PAINTING 1 10000 FMV 0 0 0 FORM 990, PART V, LINE 3B RENTAL PROPERTY IS BELOW PERCENTAGE THRESHOLD OF TOTAL REAL PROPERTY SQUARE FOOTAGE. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMVERS PROVIDE A LIST OF THEIR ASSOCIATIONS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 8 AN ADJUSTMENT WAS MADE TO RESTATE NET ASSETS IN ACCORDANCE WITH U.S. GAAP. IT WAS DETERMINED THAT PRIOR YEAR GRANT REVENUE FUNDED THROUGH TAX CREDITS WAS NOT RECOGNIZED IN THE PROPER REPORTING PERIODS.