2017-05-12T14:51:34-05:00 2016-06-30 560571159 BERNARD ROBINSON & COMPANY LLP 4700 HOMEWOOD COURT STE 105 RALEIGH NC 27609 990 2015-07-01 561759337 CAROLINA THEATRE OF DURHAM INC CARO 9195603041 309 WEST MORGAN STREET DURHAM NC 27701 DANIEL BERMAN INTERIM CEO 9195603040 2017-05-12 1 RONALD R KUYATH P00004660 9198620004 2017-05-12 2015 2021-01-29 14:40:06Z DANIEL BERMAN 309 WEST MORGAN STREET DURHAM NC 27701 6204027 0 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. 16 16 112 290 8669 -968 454256 1246417 3882254 4026455 505 258 375828 788801 4712843 6061931 0 0 0 0 1494111 1613989 0 0 134442 4059525 3613865 5553636 5227854 -840793 834077 684081 597601 1749783 1184050 -1065702 -586449 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. 0 0 4661009 4806587 CAROLINA THEATRE IS A FULLY FUNCTIONING PERFORMING ARTS FACILITY. IT PRESENTS A VARIETY OF LIVE PERFORMANCES BY LOCAL PERFORMING ARTS GROUPS AND CELEBRITY ENTERTAINERS. CAROLINA THEATRE'S MISSION IS "PRESENTING ARTS - PRESERVING HISTORY". 4661009 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 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 1 34 0 1 112 1 1 1 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NC X BLAKE CREWS 9195603040 309 WEST MORGAN STREET DURHAM NC 27701 MICHAEL SCHOENFIELD CHAIRPERSON 1.00 X X 0 0 0 EMILY PAGE VICE CHAIRPERSON 1.00 X X 0 0 0 MARK STANFORD TREASURER 1.00 X X 0 0 0 ASHER HILDEBRAND SECRETARY 1.00 X X 0 0 0 RICHARD ARNOLD BOARD MEMBER 1.00 X 0 0 0 CORA COLE-MCFADDEN BOARD MEMBER 1.00 X 0 0 0 RONNIE EUBANKS BOARD MEMBER 1.00 X 0 0 0 ELIZABETH HALL BOARD MEMBER 1.00 X 0 0 0 SANDI HAYNES BOARD MEMBER 1.00 X 0 0 0 LISA LONG JACKSON BOARD MEMBER 1.00 X 0 0 0 NICOLE OXENDINE BOARD MEMBER 1.00 X 0 0 0 BARRY POSS BOARD MEMBER 1.00 X 0 0 0 ELLEN RECKHOW BOARD MEMBER 1.00 X 0 0 0 WILL SENDALL BOARD MEMBER 1.00 X 0 0 0 LEIGH VANCIL BOARD MEMBER 1.00 X 0 0 0 VALERIE WHITTED BOARD MEMBER 1.00 X 0 0 0 BOB NOCEK PRESIDENT/CEO 40.00 X 95977 0 6302 DANIEL BERMAN INTERIM CEO 40.00 X 0 0 0 95977 0 6302 0 0 0 0 0 422594 823823 9158 1246417 ADMISSIONS 711110 3088258 3088258 MANAGEMENT FEE 711110 654051 654051 RESTORATION FEES 711110 154190 154190 SERVICE INCOME 711110 121287 121287 ADVERTISING 541800 8669 8669 4026455 258 258 353640 0 353640 353640 353640 467803 142096 325707 325707 TICKETING FEES 711110 99041 99041 ORDER HANDLING FEES 711110 10413 10413 109454 6061931 4806587 8669 258 X 95977 62385 23994 9598 1285566 1100147 88051 97368 112101 93580 9753 8768 120345 100462 10470 9413 10129 10129 113182 113182 2139742 2032783 106959 286918 285719 1199 63067 51813 9073 2181 114408 114408 175515 146069 27940 1506 31536 31337 133 66 21344 21344 39862 38666 797 399 24551 20119 2547 1885 PRODUCTION EXPENSES 254886 253724 775 387 EQUIPMENT RENTAL 107411 107411 SOFTWARE LICENSES 98540 95585 1971 984 SERVICE CHARGES 63939 60030 3909 68835 66771 1376 688 5227854 4661009 432403 134442 15373 218066 51881 51056 119520 23883 14732 12383 155215 14649 444509 168406 327360 276103 0 1461 684081 597601 780478 530392 602999 229084 55432 366306 350000 0 19142 1749783 1184050 X -1122341 -656263 56639 69814 -1065702 -586449 684081 597601 834077 -354824 0 X 0 1 X 0 0 X 272495 319048 390327 454256 996417 2432543 272495 319048 390327 454256 996417 2432543 453753 1978790 6 4 505 258 773 109454 109454 2542770 13504930 0.77820 0.81780 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CONTRIBUTION DATE: 03/24/16 AMOUNT: 250000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119780 24917 94863 308989 133165 175824 15740 10324 5416 276103 AMOUNTS HELD FOR OTHERS 19142 19142 X 6274461 70434 70434 6204027 -142096 -142096 6061931 5440384 70434 142096 212530 5227854 0 5227854 PART X, LINE 2: IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2016 AND 2015. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONCESSION EXPENSES INCLUDED IN STATEMENT OF REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: CONCESSION EXPENSES INCLUDED IN STATEMENT OF REVENUE FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THIS RETURN WAS REVIEWED BY THE DIRECTOR OF FINANCE AND INTERIM CEO PRIOR TO FILING. ADDITIONALLY, A COPY OF THIS RETURN WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, THE BOARD OF TRUSTEES REVIEWS THE EXECUTIVE DIRECTORS SALARY. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 106,959. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 106,959. ARTIST FEES: PROGRAM SERVICE EXPENSES 2,032,783. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,032,783. THE DANIEL AND KAREN BERMAN FOUNDATION FOUNDATION SOURCE 501 SILVERSIDE RO WILMINGTON DE 198091377 203966126 PRIVATE GRANTMAKING FOUNDATION DE 501(C)(3) LINE 11B, II N/A 0 CITY OF DURHAM 101 CITY HALL PLAZA DURHAM NC 27701 566000225 MANAGING THE OPERATIONS OF THE CITY OF DURHAM NC N/A 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 THE DANIEL AND KAREN BERMAN FOUNDATION C 250000 CASH RECEIVED THE DANIEL AND KAREN BERMAN FOUNDATION E 50000 LOAN AMOUNT CITY OF DURHAM L 654021 CASH RECEIVED CITY OF DURHAM C 422594 CASH RECEIVED