2016-08-15T15:00:24-05:00 2015-09-30 381357951 PLANTE & MORAN PLLC 4444 W BRISTOL ROAD SUITE 360 FLINT MI 48507 990 2014-10-01 382269013 MICHIGAN THEATRE FOUNDATION INC MICH 7346688397 603 EAST LIBERTY ANN ARBOR MI 48104 RUSSELL B COLLINS CEO & BOARD SECRETARY 7346688397 2016-08-15 1 PAUL BRYANT P00241185 8107675350 2014 2016-12-15 16:53:06Z RUSSELL B COLLINS 603 EAST LIBERTY ANN ARBOR MI 48104 5121955 0 X WWW.MICHTHEATER.ORG X 1979 MI MULTIDISCIPLINARY PERFORMING ARTS CENTER INCLUDING THE PRESENTATION OF LIVE SHOWS, INDEPENDENT FILM, AND THEATER PERFORMANCES WHICH SUPPORT THE OPERATION, PRESERVATION AND RESTORATION OF TWO HISTORIC THEATERS, THE MICHIGAN THEATER AND THE STATE THEATRE. 21 20 171 400 -407 -407 1053144 1682930 2564243 2869063 2742 1031 220564 309611 3840693 4862635 0 0 0 0 1781133 2000032 0 0 604251 2061849 2621644 3842982 4621676 -2289 240959 8651784 8884249 803796 795302 7847988 8088947 TO PRESERVE, RESTORE AND OPERATE THE HISTORIC MICHIGAN THEATER FOR THE BENEFIT OF THE COMMUNITY AND THE ARTS. 0 0 3424465 2889640 OPERATION, MAINTENANCE AND RESTORATION OF THE MICHIGAN THEATER AND THE STATE THEATRE FOR THE BENEFIT OF THE COMMUNITY AND THE ARTS. 288675 289441 TO HOST ANNUAL SEMINAR FOR EXECUTIVES OF HISTORIC THEATRES WHICH INCLUDES OVER 500 PARTICIPANTS FROM AROUND NORTH AMERICA. 3713140 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 10 0 1 171 1 1 1 0 0 0 0 1 1 0 0 0 0 X 21 20 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 MI X X RUSSELL COLLINS ANDOR CHRIS TABACZKA 7346688397 603 EAST LIBERTY STREET ANN ARBOR MI 48104 ALEC ALLEN TRUSTEE 0.00 X 0 0 0 ALICIA TORRES TRUSTEE 0.00 X 0 0 0 CHRISTOPHER TAYLOR TRUSTEE 0.00 X 0 0 0 ELIZABETH PALMS TRUSTEE 0.00 X 0 0 0 FRANCES TODORO-HARGREAVES TREASURER 1.00 X X 0 0 0 GRAYDON KRAPOHL TRUSTEE 0.00 X 0 0 0 HILLARY MURT CHAIR 1.00 X X 0 0 0 JAMES BUHR TRUSTEE 0.00 X 0 0 0 JAMES KIRK TRUSTEE 0.00 X 0 0 0 JAMES STERKEN TRUSTEE 0.00 X 0 0 0 JEAN ROWAN TRUSTEE 0.00 X 0 0 0 JIM MURRAY TRUSTEE 0.00 X 0 0 0 LESLIE BASH TRUSTEE 0.00 X 0 0 0 LESLIE DESMOND TRUSTEE 0.00 X 0 0 0 LOUIS CALLAWAY TRUSTEE 0.00 X 0 0 0 MIKE HAMMER TRUSTEE 0.00 X 0 0 0 RUSSELL B COLLINS SECRETARY AND CEO 40.00 X X 114134 0 17958 RUTH ROBY GLANCY TRUSTEE 0.00 X 0 0 0 SULTAN SHARRIEF TRUSTEE 0.00 X 0 0 0 SUSAN CORAN TRUSTEE 0.00 X 0 0 0 VICTOR STRECHER TRUSTEE 0.00 X 0 0 0 CHRISTINA TABACZKA CFO 40.00 X 78107 0 7192 192241 0 25150 1 0 0 0 0 263175 47000 1372755 63239 1682930 FILMS 512000 1222821 1222821 THEATRE RENTAL FEES 532000 459387 459387 LIVE EVENTS 711110 407520 407520 CINETOPIA FILM FEST 512000 369565 369565 MEMBERSHIP 711110 290770 290770 119000 119000 2869063 1200 1200 86450 86857 -407 -407 -407 44106 44275 -169 -169 -169 438206 128188 310018 310018 4862635 3179081 -407 1031 218896 48031 98817 72048 1487433 1219695 44623 223115 95634 94081 259 1294 56237 46114 1687 8436 141832 116302 4255 21275 4020 2508 1512 22486 20237 2249 1410 1269 141 8063 7015 1048 45482 30473 9096 5913 176396 135825 17640 22931 56464 18633 18633 19198 310176 279158 31018 54330 41834 5433 7063 FILM EXPENSES 979770 979770 ART HOUSE CONVERGENCE 288675 288675 MEMBER BENEFITS 238090 238090 FUNDRAISING 189967 189967 246315 145430 68922 31963 4621676 3713140 304285 604251 30833 102293 146779 191217 1129777 1160295 115714 99808 10656 48496 55884 38802 11299429 5055423 5536093 6244006 1626048 999332 8651784 8884249 244426 223663 44385 97362 510785 472477 4200 1800 803796 795302 X 5408767 6017931 2439221 2071016 7847988 8088947 8651784 8884249 240959 0 X X 0 1 X 1 0 X 1206609 2066613 1457743 1053144 1682930 7467039 2015879 2517060 2324037 2911208 3307269 13075453 3222488 4583673 3781780 3964352 4990199 20542492 29640 258617 43150 25900 104318 461625 0 29640 258617 43150 25900 104318 461625 20080867 67293 68847 69053 68961 87650 361804 67293 68847 69053 68961 87650 361804 3289781 4652520 3850833 4033313 5077849 20904296 0.96060 0.96220 0.01730 0.01780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 148100 148100 9907014 4213486 5693528 1230372 828223 402149 13943 13714 229 6244006 BOARD DESIGNATED CASH RESERVE 999332 999332 DEPOSITS 1800 1800 X 4962072 12580 12580 4949492 -86857 -86857 4862635 4721113 12580 86857 99437 4621676 0 4621676 PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). THE INTERNAL REVENUE SERVICE HAS CLASSIFIED THE FOUNDATION AS ONE THAT IS NOT A PRIVATE FOUNDATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT, AS OF SEPTEMBER 30, 2015 AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO THE 2012 FISCAL YEAR. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -86,857. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 86,857. X 5 44275 FAIR MARKET VALUE X 1 5647 FAIR MARKET VALUE X OFFICE & OTHER SUPPLIES 10 13317 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 PER ARTICLE III SECTION 2, ANY PERSON WHO DEMONSTRATES AN INTEREST IN THE PURPOSES OF THE CORPORATION AND WHO IS CURRENT IN PAYMENT OF DUES TO THE CORPORATION AS THEY ARE ESTABLISHED FROM TIME TO TIME BY THE BOARD OF TRUSTEES SHALL BE A MEMBER IN GOOD STANDING OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A PER ARTICLE III SECTION 3, A PERSON, COUPLE, FAMILY, OR ANY OTHER LEGAL ENTITY WHO IS A MEMBER IN GOOD STANDING IS ALLOWED ONE VOTE AT ANY ANNUAL OR SPECIAL MEETING OF MEMBERS. ANY INDIVIDUAL VOTING AS A MEMBER MUST HAVE ATTAINED AT LEAST EIGHTEEN YEARS OF AGE. PER ARTICLE IV SECTION 2, TRUSTEES SHALL NORMALLY BE ELECTED AT THE ANNUAL MEETING OF MEMBERS OF THE CORPORATION BY A MAJORITY VOTE OF THE MEMBERS ATTENDING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND THE CEO BASED ON THE YEAR END AUDIT AND OTHER CONTEMPORANEOUS DOCUMENTATION. FORM 990, PART VI, SECTION B, LINE 12C BOARD AGENDA IS MONITORED BY EXECUTIVE MANAGEMENT TO ENSURE THAT ANY POTENTIAL BOARD CONFLICT OF INTEREST WITH REGARD TO AGENDA ITEMS AND VOTES ARE DISCLOSED DURING THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15A USE OF COMPARABILITY DATA AND DOCUMENTED BY EXECUTIVE COMMITTEE, APPROVED BY THE BOARD. PROCESS MOST RECENTLY PERFORMED IN OCTOBER 2013. COMPENSATION REMAINED THE SAME AT 9/30/15. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST, EITHER IN PERSON OR BY ANY OTHER METHOD OF COMMUNICATION. FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR REGARDING THE COMMITTEE OVERSIGHT PROCESS.