2019-08-15T15:10:36-05:00 2018-09-30 410746749 CLIFTONLARSONALLEN LLP 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2017-10-01 751559945 WATERTOWER THEATRE INC WATE 9724506230 15650 ADDISON ROAD ADDISON TX 75001 SHANE PETERMAN MANAGING DIRECTOR 9724506227 2019-08-15 1 ALLISON BROWN P01603075 9723835700 67.137.57.251 2019-08-15 14:21:58 CD P 3248A6B659E87D482384C49F03B8D3F5693FBE55 CD9691E6246E35602B78F9D4F53E5FF68A98E4CC 2017 2019-02-21 02:37:17Z SHANE PETERMAN 15650 ADDISON ROAD ADDISON TX 75001 1640591 0 X WWW.WATERTOWERTHEATRE.ORG X 1977 TX TO CREATE INNOVATIVE, DIVERSE THEATRE THAT BUILDS COMMUNITY BY FOSTERING EMPATHY AND DIALOGUE. 20 20 82 100 0 0 667199 867655 751976 721188 377 1400 -22732 -51671 1396820 1538572 0 0 0 0 953212 980418 0 0 57591 508908 533873 1462120 1514291 -65300 24281 444435 449475 457852 437817 -13417 11658 WATERTOWER THEATRE'S MISSION IS TO OPEN MINDS WITH A DIVERSE MIX OF PLAYS AND EDUCATIONAL PROGRAMS THAT INSPIRE PEOPLE TO EXPERIENCE AND EMBRACE LIVE THEATRE. 0 0 1093289 727512 EACH SEASON, WATERTOWER THEATRE PRODUCES A PROFESSIONAL LIVE THEATRE SEASON, EACH OFFERING A DIVERSE ARRAY OF PLAYS AND MUSICALS. THE PRODUCTIONS CONSIST OF A UNIQUE BUT FAMILIAR BLEND OF CLASSIC AND CONTEMPORARY. 30294 16530 THE THEATRE PROVIDES SEVERAL EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY. A SUMMER CONSERVATORY IMMERSES CHILDREN IN ALL ASPECTS OF THEATRE ARTS FOR TWO WEEKS, AND AN AFTER-SCHOOL PROGRAM OFFERS A UNIQUE WAY FOR STUDENTS TO BE INTRODUCED TO THEATRE. IN ADDITION, ACTING CLASSES ARE OFFERED EACH SEASON TO AREA ACTORS. OTHER EDUCATIONAL OPPORTUNITIES CONSIST OF SUMMER INTERNSHIPS, WHICH EXPOSE YOUNG PROFESSIONALS TO THE DAY-TO-DAY OPERATIONS OF A SMALL PROFESSIONAL THEATRE. 1123583 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 57 0 1 82 1 0 0 0 0 0 1 1 0 0 X 20 20 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 X DELYNDA JOHNSON MORAVEC 9724506230 15650 ADDISON ROAD ADDISON TX 75001 PAUL SHULTZ PRESIDENT 4.00 X X 0 0 0 STAN GRANER VICE PRESIDENT 4.00 X X 0 0 0 GRACE DANIELS VICE PRESIDENT 4.00 X X 0 0 0 KAROL OMLOR SECRETARY 4.00 X X 0 0 0 PHILIP LONGACRE TREASURER 4.00 X X 0 0 0 ROZ BENJET DIRECTOR 2.00 X 0 0 0 BRUCE ARFSTEN DIRECTOR 2.00 X 0 0 0 BLAKE CLEMENS DIRECTOR 2.00 X 0 0 0 NANCY BRENNER DIRECTOR 2.00 X 0 0 0 BARBARA DASEKE DIRECTOR 2.00 X 0 0 0 TIMOTHY P HORAN DIRECTOR 2.00 X 0 0 0 CHRISTOPHER MABILE DIRECTOR 2.00 X 0 0 0 JENNIFER MARTINEZ DIRECTOR 2.00 X 0 0 0 JIMMY NIEMANN DIRECTOR 2.00 X 0 0 0 CORKY PLEDGER DIRECTOR 2.00 X 0 0 0 CRAIG SUTTON DIRECTOR 2.00 X 0 0 0 RON WHITEHEAD DIRECTOR 2.00 X 0 0 0 KATHLEEN MESSINA DIRECTOR 2.00 X 0 0 0 BUDDY FRAZER DIRECTOR 2.00 X 0 0 0 JOAN-JOSEPHINE SCHULTZ-MILIOTO ARTISTIC DIRECTOR 50.00 X 87885 0 7691 DELYNDA R JOHNSON MORAVEC DIRECTOR OF FINANCE/ADMINS 40.00 X 60000 0 8507 PAUL NICHOLAS EVEN MANAGING DIRECTOR 50.00 X 22500 0 650 170385 0 16848 0 0 0 0 0 171500 170851 525304 18165 867655 TICKET SALES 711110 409658 409658 PRODUCTION INCOME 711110 295000 295000 TUITION 900099 16530 16530 721188 1101 1101 299 0 299 299 102 197 12150 171500 86060 -73910 -73910 1985 2600 -615 -615 36213 13359 22854 22854 1538572 744144 0 -73227 257056 121446 113370 22240 581561 550046 10211 21304 79157 77364 1793 62644 52792 3028 6824 1527 1527 9235 9235 550 550 84310 84310 24270 24270 32209 32209 74720 55550 19170 31469 29339 574 1556 937 862 75 13942 13942 29772 29772 SUPPLIES 83438 57811 24411 1216 CREDIT CARD & BANK FEES 54124 54124 PRINTING & PUBLICATIONS 28419 27086 410 923 BAD DEBT 24521 24521 40430 10498 28197 1735 1514291 1123583 333117 57591 22319 35037 62700 163487 102029 70698 128275 73325 195173 105954 104009 89219 25103 17709 444435 449475 48657 26913 219195 167472 190000 243432 457852 437817 X -235312 -168690 221895 180348 -13417 11658 444435 449475 24281 -187 980 0 X 0 1 X 1 0 X 719995 731362 847404 667199 866205 3832165 719995 731362 847404 667199 866205 3832165 467848 3364317 240 183 1068 300 1101 2892 101315 101315 3936372 3523619 0.85470 0.91510 X 5382 406 300 5488 5317 365 300 5382 52067 12815 3640 62700 505 5317 54941 -2320 554 52067 1 0 126644 37993 88651 52138 52139 -1 16391 15822 569 89219 X 1558259 -187 19700 1081 20594 1537665 300 608 908 1538573 1533184 19700 101 19801 1513383 300 608 908 1514291 PART V, LINE 4: THE THEATRE ESTABLISHED A NON-ENDOWMENT FUND DESIGNATED FOR THE BENEFIT OF THE THEATRE WITH COMMUNITIES FOUNDATION OF TEXAS (CFT). THE FUND WAS ESTABLISHED UNDER A FORMAL AGREEMENT TO PROVIDE INCOME AND SUPPORT TO THE THEATRE. UNDER THE TERMS OF THE AGREEMENT, THE THEATRE CONVEYED TO CFT "VARIANCE POWER" OVER THE FUND, WHICH ENTITLES THE TRUSTEES OF CFT TO ULTIMATELY CONTROL THE ADMINISTRATION OF THE FUND AND DISTRIBUTION OF ITS CORPUS AND EARNINGS BASED ON THE TRUSTEES' ASSESSMENT OF THE NEEDS OF THE COMMUNITY OR AREA SERVED. PART X, LINE 2: WATERTOWER THEATRE, INC. IS ORGANIZED AS A TEXAS NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTIONS 170(B)(1)(A)(VI) AND (VIII), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) AND (3). THE THEATRE IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE THEATRE IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE THEATRE FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. THE THEATRE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE THEATRE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENT 980. MATERIALS EXPENSE 101. PART XI, LINE 4B - OTHER ADJUSTMENTS: FIXED ASSET ADJUSTMENT 608. PART XII, LINE 2D - OTHER ADJUSTMENTS: MATERIALS EXPENSE 101. PART XII, LINE 4B - OTHER ADJUSTMENTS: FIXED ASSET ADJUSTMENT 608. GALA 183650 171500 12150 7716 29160 33891 15293 183650 171500 12150 7716 29160 33891 15293 86060 -73910 FORM 990, PART VI, SECTION A, LINE 8B WATERTOWER THEATRE DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE AND ACCOUNTING, THE MANAGING DIRECTOR AND BOARD TREASURER REVIEW THE RETURN BEFORE IT IS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD OFFICER AND DIRECTOR IS REQUIRED TO SIGN THE CONFLICT OF INTEREST DISCLOSURE ANNUALLY. EVERY DIRECTOR OR OFFICER WITH ANY PERSONAL INTEREST IN A CONTRACT OR TRANSACTION BETWEEN THE ORGANIZATION AND THAT PERSON MUST DISCLOSE ALL MATERIAL FACTS CONCERNING THE TRANSACTION, INCLUDING ALL POTENTIAL PERSONAL BENEFIT AND POTENTIAL CONFLICTS OF INTEREST, TO THE OTHER DIRECTORS OF THE BOARD OR OTHER GROUP AUTHORIZING THE TRANSACTION. THE TRANSACTION MUST BE APPROVED BY A MAJORITY OF THE UNITERERESTED DIRECTORS OR OTHER GROUP WITH THE AUTHORITY TO AUTHORIZE THE TRANSACTION OR CONTRACT. THE EMPLOYMENT AGREEMENT BETWEEN ITS MANAGING DIRECTOR AND THE THEATER CONTAINS SPECIFIC LANGUAGE MANDATING THAT ANY PERCEIVED OR POTENTIAL CONFLICTS OF INTEREST THAT HE MAY HAVE MUST BE REPORTED IMMEDIATELY TO THE BOARD OF DIRECTORS. THERE IS ALSO A CONFLICT OF INTEREST POLICY IN THE EMPLOYEE HR MANUAL THAT COVERS ALL EMPLOYEES OF THE THEATRE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DETERMINE THE MANAGING AND ARTISTIC DIRECTORS' SALARIES BASED UPON PERFORMANCE AND REASONABLE INCREASES IN COST OF LIVING. THE TCG'S SALARY SURVEY IS USED AS A GUIDE FOR THE SALARY RANGES. THE MANAGING AND ARTISTIC DIRECTORS' COMPENSATION PACKAGES WERE LAST REVIEWED IN MAY OF 2016 AS PART OF THE PROCESS OF HIRING THE (NOW FORMER)MANAGING DIRECTOR AND IN JUNE 2017 AS PART OF THE HIRING PROCESS FOR THE ARTISTIC DIRECTOR. OTHER MANAGEMENT SALARIES ARE DETERMINED BY THE MANAGING DIRECTOR AND ARE BASED ON PERFORMANCE AND TENURE. FORM 990, PART VI, SECTION C, LINE 19 THE THEATRE'S FORM 990 IS AVAILABLE UPON REQUEST. THE ORGANIZATIONAL DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST TO THE DIRECTOR OF FINANCE AND ADMIINISTRATION.