2016-03-08T10:32:54-06:00 2015-05-31 450250958 EIDE BAILLY LLP 810 S CINCINNATI AVE STE 600 TULSA OK 741191623 990 2014-06-01 730667485 TULSA BALLET THEATRE INC TULS 9187496030 1212 E 45TH PLACE TULSA OK 74105 MARCELLO ANGELINI CEO/ARTISTIC DIRECTOR 9187496030 2016-03-02 1 LESLIE JONES P00104727 9187485000 2016-03-02 2014 2016-08-17 19:52:53Z MARCELLO ANGELINI 1212 E 45TH PLACE TULSA OK 74105 13623181 0 X WWW.TULSABALLET.ORG X 1956 OK PRESERVE AND CREATE WORKS OF BALLET AND EDUCATE THROUGH TRAINING AND OUTREACH PROGRAMS. 55 54 77 80 0 0 7396476 10524378 1624958 1718347 66985 73490 339497 121407 9427916 12437622 82125 62820 0 0 2406571 2613197 0 0 122521 3018790 2965082 5507486 5641099 3920430 6796523 16444361 22398387 2343060 2062467 14101301 20335920 X TULSA BALLET THEATRE, INC. IS A PROFESSIONAL BALLET COMPANY WHOSE MISSION IS TO SERVE AS AN ESSENTIAL ASSET OF ITS EXTENDED COMMUNITY THROUGH INTERNATIONALLY-ACCLAIMED ARTISTIC EXCELLENCE AND EXEMPLARY EDUCATION AND OUTREACH. (SEE SCHEDULE O FOR CONTINUATION)THE BALLET COMMITS TO PRESERVE THE TRADITION OF CLASSICAL BALLET, PROMOTE THE APPRECIATION OF CONTEMPORARY DANCE, CREATE WORKS OF SUPERIOR AND ENDURING QUALITY, AND EDUCATE THROUGH EXCEPTIONAL DANCE TRAINING, PERFORMANCES AND OUTREACH PROGRAMS. 0 0 3908285 1202087 TULSA BALLET ANNUALLY REACHES MORE THAN 40,000 INDIVIDUALS ACROSS OKLAHOMA AND SERVES AS AN OFFICIAL CULTURAL AMBASSADOR FOR THE STATE, LOCALLY, NATIONALLY AND INTERNATIONALLY. IN ADDITION TO BRINGING THE FINEST WORKS IN CLASSICAL AND CONTEMPORARY DANCE TO THE OKLAHOMA STAGE, AND TOURING NATIONALLY AND INTERNATIONALLY, TULSA BALLET HAS A DEDICATION TO THE CREATION OF NEW WORKS AND PRESENTS WORLD-PREMIERES BY RENOWNED CONTEMPORARY ARTISTS EACH YEAR. 406397 525460 THE TULSA BALLET CENTER FOR DANCE EDUCATION (CDE) OFFERS DANCE TRAINING OF UNCOMPROMISING QUALITY. THE CURRICULUM EMPHASIZES CLASSICAL BALLET TECHNIQUE BASED ON THE RUSSIAN TRADITION OF TRAINING. THE CDE IS LED BY A FULL-TIME FACULTY OF PROFESSIONAL DANCERS AND LEADERS IN THE FIELD OF BALLET PEDAGOGY. THE PRE-PROFESSIONAL DIVISION OFFERS CLASSES FOR STUDENTS 8 TO 18. ADDITIONAL CLASSES ARE OFFERED FOR CHILDREN 3-5 (CREATIVE MOVEMENT), 6-9 (PREPARATORY BALLET) AND ADULTS WISHING TO BEGIN OR CONTINUE THEIR TRAINING. 240636 62820 24322 TULSA BALLET PROVIDES A VARIETY OF EDUCATIONAL OUTREACH PROGRAMS FOR THE EXTENDED COMMUNITY. THESE IMPORTANT PROGRAMS GIVE STUDENTS THE OPPORTUNITY TO EXPERIENCE THE ARTS AND TO SEE WORLD-CLASS DANCE. THE LEAPS AHEAD PROGRAM OFFERS AN IN-STUDIO BALLET CLASS FOR CHILDREN FROM LOCAL AT-RISK SCHOOLS AND LEAPS IN MOTION TAKES THE PROGRAM OUT INTO THE SCHOOLS. BACKSTAGE AT THE BALLET, STUDENT MATINEES, PARTNERS IN ART AND HOPE FOR THE HOLIDAYS ARE PERFORMANCE BASED PROGRAMS THAT REACH THOUSANDS OF STUDENTS, FAMILIES AND ADULTS WHO ARE TYPICALLY UNDERSERVED BY ARTS PROGRAMMING. 4555318 1 1 0 1 0 0 0 1 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 1 0 0 1 79 0 1 77 1 0 0 0 0 0 1 1 0 0 0 0 X 55 54 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 OK X KAY WULF 9183925902 1212 E 45TH PLACE TULSA OK 74105 BILLIE BARNETT PRESIDENT 11.00 0.50 X X 0 0 0 DENNIS CAMERON VP FINANCE/TREASURER 1.80 0.50 X X 0 0 0 CHARLOTTE EDMUNDSON VP BOARD GOVERNANCE 3.30 0.10 X X 0 0 0 NICOLE MORGAN VP STRATEGIC PLANNING 1.00 0.10 X X 0 0 0 CASSI REESE COPR & EXECUTIVE COMM SECRETARY 1.00 0.10 X X 0 0 0 KAYLA VAUGHN VP AT LARGE 9.80 0.10 X X 0 0 0 MILT WOLFF VP AUDIT 1.00 0.10 X X 0 0 0 BETTY PIRNAT VP PERSONNEL 2.00 0.10 X X 0 0 0 SKIP TEEL PARLIAMENTARIAN 2.40 0.60 X X 0 0 0 LARRY CHAMBERS LEGAL COUNSEL 2.10 0.10 X X 0 0 0 ALISON ANTHONY EXECUTIVE COMMITTEE ADVISOR 1.00 0.10 X X 0 0 0 JACKIE KOURI EXECUTIVE COMMITTEE ADVISOR 3.70 0.10 X X 0 0 0 SARAH JANE GILLETT EXECUTIVE COMMITTEE ADVISOR 1.00 0.10 X X 0 0 0 MONICA WILLIFORD EXECUTIVE COMMITTEE ADVISOR 1.00 0.10 X X 0 0 0 CHERYL FORREST PRESIDENT EMERITA 4.10 0.10 X 0 0 0 LEANNE HELMERICH PRESIDENT EMERITA 1.00 0.10 X 0 0 0 HANNAH ROBSON PRESIDENT EMERITA 2.00 0.10 X 0 0 0 BILL SCHONACHER IMMEDIATE PAST PRESIDENT 1.00 0.10 X X 0 0 0 GEORGIA SNOKE PRESIDENT EMERITA 3.90 0.10 X 0 0 0 MOLLIE WILLIFORD PRESIDENT EMERITA 1.00 0.10 X 0 0 0 JENNIFER ANTHONY ELECTED DIRECTOR 1.00 0.10 X 0 0 0 GARY BLACK ELECTED DIRECTOR 1.00 0.10 X 0 0 0 KERRI BOWEN ELECTED DIRECTOR 1.00 0.10 X 0 0 0 PATTIE BOWMAN ELECTED DIRECTOR 1.00 0.10 X 0 0 0 ELISE BRENNAN ELECTED DIRECTOR 1.40 0.10 X 0 0 0 ROSALIE CHILDS ELECTED DIRECTOR 1.30 0.10 X 0 0 0 KATHLEEN COAN ELECTED DIRECTOR 1.00 0.10 X 0 0 0 JACQUI HAGLUND ELECTED DIRECTOR 2.80 0.10 X 0 0 0 JULIE HARPER ELECTED DIRECTOR 1.00 0.10 X 0 0 0 SOOHYUN JIN ELECTED DIRECTOR 1.00 0.10 X 0 0 0 PAUL JOHNSON ELECTED DIRECTOR 1.00 0.10 X 0 0 0 ANDY KINSLOW ELECTED DIRECTOR 3.40 0.10 X 0 0 0 BONNIE KLEIN ELECTED DIRECTOR 2.50 0.10 X 0 0 0 SUZANNE KNEALE ELECTED DIRECTOR 9.30 0.10 X 0 0 0 THOMAS LANDRUM ELECTED DIRECTOR 1.30 0.10 X 0 0 0 PHIL MARSHALL ELECTED DIRECTOR 1.00 0.10 X 0 0 0 DONNA O'ROURKE ELECTED DIRECTOR 1.70 0.10 X 0 0 0 REBECCA POHLENZ ELECTED DIRECTOR 1.00 0.10 X 0 0 0 JANET SELSER ELECTED DIRECTOR 1.00 0.10 X 0 0 0 JOHN SOUTHARD ELECTED DIRECTOR 1.00 0.10 X 0 0 0 BELYNDA SPITZER ELECTED DIRECTOR 1.00 0.10 X 0 0 0 BARBARA SYLVAN ELECTED DIRECTOR 2.10 0.10 X 0 0 0 BILL WARNOCK ELECTED DIRECTOR 0.50 0.10 X 0 0 0 KATHY WEST ELECTED DIRECTOR 1.30 0.10 X 0 0 0 RACHEL ZEBROWSKI ELECTED DIRECTOR 1.00 0.10 X 0 0 0 KEVIN COFFMAN PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 HOPE EGAN PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 LOU ANN GIBSON PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 LYNDSAY JANZEN PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 KIRBY LEHMAN PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 RYAN MCDANIEL PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 SUSAN PARROT PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 RODNEY PRATZ PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 SUSIE WELLENDORF PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 CASSANDRA WILKINSON PRESIDENTIAL APPOINTEE 1.00 0.10 X 0 0 0 MARCELLO ANGELINI ARTISTIC DIRECTOR 60.00 X 168189 0 8932 WILLIAM S BLACK MANAGING DIRECTOR 49.50 0.50 X 90851 0 616 259040 0 9548 1 0 1 0 THEATRICAL ACCOUNTING SERVICES PO BOX 701462 TULSA OK 74170 STAGEHANDS 220614 TULSA SYMPHONY ORCHESTRA INC 111 E 1ST ST 1 TULSA OK 74103 ORCHESTRA PERFORMANCES 182441 SONYA FERNANDEZ 6425 S LOUISVILLE AVE TULSA OK 74136 MEDIA BUYER 123984 3 580658 1179704 98273 8665743 2133345 10524378 TICKET SALES 711120 1192887 1192887 SCHOOL INCOME 711120 525460 525460 1718347 18194 18194 246039 63716 182323 182323 182323 833110 777814 55296 55296 55296 96300 1179704 309301 -213001 -213001 39200 294 38906 38906 73503 34434 39069 39069 INCOME - TRUST ASSETS 711120 36732 36732 CHANGE-BENEFICIAL INT 711120 3856 3856 33522 33522 74110 12437622 1751869 0 161375 62820 62820 277077 183528 93549 1937428 1444485 492943 166592 136657 29935 232100 172405 59695 560 560 27065 27065 4334 4334 434732 434732 377013 316317 60696 83710 46678 37032 42608 42608 111688 111688 262712 260683 2029 41318 41318 3023 3023 68475 46292 22183 438339 362628 75711 12958 12958 PRODUCTION COSTS 835999 835999 WORKERS COMPENSATION 105711 93409 12302 ALLOW. FOR UNCOLL. PLDG 61779 61779 EQUIPMENT RENTAL & MAIN 16229 4901 11328 36829 778 36005 46 5641099 4555318 963260 122521 189944 483894 30594 1774928 5124243 4988479 12219 11441 204224 145295 17954818 5620615 8214712 12334203 1099450 1087316 1568975 1572831 16444361 22398387 254720 325395 441539 461494 1646801 1275578 2343060 2062467 X 11167257 12587160 1932469 6747185 1001575 1001575 14101301 20335920 16444361 22398387 X 6796523 -11307 -550597 X X 0 1 X 1 0 X 3402647 2620663 2457021 3211475 10751296 22443102 1251098 1454823 1524189 1624958 1718347 7573415 4653745 4075486 3981210 4836433 12469643 30016517 774520 686791 1022335 798998 5194647 8477291 0 774520 686791 1022335 798998 5194647 8477291 21539226 226774 220542 213920 301356 264233 1226825 226774 220542 213920 301356 264233 1226825 119048 215925 198260 391790 283113 1208136 4999567 4511953 4393390 5529579 13016989 32451478 0.66370 0.73040 0.03780 0.05310 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GUILD - 2010 AMOUNT: $ -1,241. 2011 AMOUNT: $ 129. 2012 AMOUNT: $ 16. MISCELLANEOUS - 2010 AMOUNT: $ 120,289. 2011 AMOUNT: $ 215,796. 2012 AMOUNT: $ 198,244. 2013 AMOUNT: $ 235,705. 2014 AMOUNT: $ 74,110. GROSS INCOME FROM FUNDRAISING - 2013 AMOUNT: $ 65,875. 2014 AMOUNT: $ 96,300. GROSS INCOME FROM GAMING - 2013 AMOUNT: $ 21,100. 2014 AMOUNT: $ 39,200. GROSS SALES OF INVENTORY - 2013 AMOUNT: $ 69,110. 2014 AMOUNT: $ 73,503. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 0 0 0 0 0 0 0 0 PART II-B, LINE 1: BOARD MEMBERS AND STAFF WROTE LETTERS AND E-MAILS TO THE OKLAHOMA STATE LEGISLATORS LOBBYING FOR FUNDS FOR THE ARTS. NO EXPENSE REIMBURSEMENTS WERE MADE. 0 84750 X X X X 0 5529061 550596 385913 96369 38847 6330354 5278291 660822 373036 37016 5529061 4722226 26176 738448 176085 32474 5278291 4952595 -78804 151565 4722226 4371348 666990 85743 4952595 0.21190 0.74010 0.04800 0 1 1 4613942 4613942 11432616 3995696 7436920 906218 771759 134459 1002042 853160 148882 12334203 BENEFICIAL INTEREST IN TRUST ASSETS 1572831 1572831 X PART III, LINE 4: TULSA BALLET'S ARCHIVAL COLLECTION CONSISTS OF PAINTINGS, SCULPTURES, RARE BOOKS ON DANCE, HISTORIC COSTUMES, AND SETS. IT SERVES A POPULATION OF DANCERS, DANCE STUDENTS, STAFF, BOARD, AND THOSE SCHOLARS WHO CONTACT THE ARCHIVES WHILE RESEARCHING THEIR ONGOING PROJECTS RELATED TO DANCE. TULSA BALLET ARCHIVES HAS MOUNTED EXHIBITIONS AT LOCAL MUSEUMS, THEATRES, AND OTHER VARIOUS VENUES. IT IS A REPOSITORY OF INFORMATION ON DANCE, PARTICULARLY THE BALLET RUSSE ERA, FOR WHICH THE COMPANY IS KNOWN. IT PRESERVES ITEMS RELATED TO THE HISTORY OF THE COMPANY, AND DANCE HISTORY IN GENERAL, FOR FUTURE GENERATIONS. PART V, LINE 4: ENDOWMENT FUNDS ARE PERMANENTLY RESTRICTED BY DONOR STIPULATION FOR THE PURPOSE OF SUPPORTING THE OPERATIONS OF THE BALLET. EXCLUDING THE ROBSON ENDOWMENT, THE ENDOWMENT MAY DISTRIBUTE 4.5% OF THE AVERAGE MARKET VALUE OF THE PORTFOLIO FOR THE IMMEDIATELY PRECEDING THREE YEARS IN ORDER TO FUND BALLET OPERATIONS. UNDER THE ROBSON ENDOWMENT FUND, FUNDS AVAILABLE FOR EXPENDITURE SHALL MEAN 80% OF THE ANNUAL NET EARNINGS GENERATED BY THE RESTRICTED FUND CORPUS AFTER PAYMENT OF ANY APPLICABLE MANAGEMENT FEES (ANNUAL AVAILABLE FUNDS). THE REMAINING 20% OF ANNUAL AVAILABLE FUNDS SHALL BE RETAINED AND BECOME PART OF THE RESTRICTED FUNDS CORPUS IN ORDER TO BUILD THE FUND BALANCE TO A LEVEL THAT IT MAY MEET FUTURE PRICE INCREASES. PART X, LINE 2: THE BALLET IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ENTITY IS ANNUALLY REQUIRED TO FILE A FORM 990 WITH THE INTERNAL REVENUE SERVICE. IN ADDITION, THE ENTITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. THE BALLET HAS DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX IN 2015 AND 2014. ICONS & IDOLS 1157004 1073004 84000 67999 27071 73205 52611 66344 ANNIVERSARY DINNER 119000 106700 12300 3288 9714 4910 4159 1276004 1179704 96300 67999 30359 82919 57521 70503 309301 -213001 39200 294 0 39200 294 294 38906 OK 0 OKLAHOMA DOES NOT HAVE A CENTRAL LICENSING PROCESS FOR GAMING VENDORS. THE GAMING ACTIVITIES ARE ANNUAL RAFFLE EVENTS, NOT REGULARLY CARRIED ON ACTIVITIES, OF TULSA BALLET THEATRE, INC. 0 0 0 0.60000 0.40000 KAY WULF 1212 E 45TH PLACE TULSA OK 74105 0 STACEY JENKINS 100 SUPERVISING THE RAFFLE ACTIVITY X 0 1 LIVING EXPENSE STIPEND FOR STUDENTS ATTENDING TULSA BALLET II SCHOOL 13 62820 PART I, LINE 2: ALL STUDENTS ATTENDING THE TULSA BALLET II SCHOOL ARE GIVEN A STIPEND OF $250-1,200 PER MONTH DURING THE SCHOOL SESSION TO HELP COVER LIVING EXPENSES. MONTHLY STIPENDS ARE ISSUED ONLY TO THOSE INDIVIDUALS CURRENTLY ENROLLED IN THE SCHOOL. X X X X 0 0 0 0 0 0 0 0 0 MARCELLO ANGELINI ARTISTIC DIRECTOR 163189 0 0 0 5000 0 0 0 8932 0 177121 0 0 0 BILL SCHONACHER IMMEDIATE PAST BOARD PRESIDENT 659419 BANK LOAN, LINE OF CREDIT, CASH MANAGEMENT FEES, CC PROCESSING FEES 0 SCHEDULE L, PART IV BILL IS BOARD DIRECTOR / PRESIDENT AND CEO FOR IBC BANK WHERE TULSA BALLET THEATRE, INC. HAS A $700,000 LINE OF CREDIT ($300,000 OUTSTANDING AS OF 5/31/2015) AND A REAL ESTATE LOAN (APPROX. $975,578 BALANCE AS OF 5/31/2015.) REAL ESTATE LOAN PAYMENTS MADE DURING THE FISCAL YEAR WERE $110,111.00, LOC PAYMENTS MADE WERE $522,614.50, AND CASH MANAGEMENT FEE PAYMENTS MADE DURING THE YEAR WERE $4,640.97. X 9 2109780 FMV @ DATE REC'D X 1 8764 FMV X MISCELLANEOUS 5 3998 FMV X FLOWERS 2 2648 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS AUTHORIZED TO EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE CORPORATION DURING THE INTERVALS BETWEEN BOARD MEETINGS. SIGNIFICANT INTERIM ACTIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD AT ITS NEXT MEETING AND SUBMITTED FOR RATIFICATION. THE EXECUTIVE COMMITTEE IS COMPOSED OF ALL ELECTED OFFICERS OF THE CORPORATION ALONG WITH EXECUTIVE LEGAL COUNSEL, PARLIAMENTARIAN, FOUNDING DIRECTORS, UP TO FOUR ADDITIONAL MEMBERS OF THE BOARD APPOINTED BY THE CHAIR TO SERVE AS ADVISORS AND ANY EX-OFFICIO DIRECTORS WHO HAVE BEEN AUTHORIZED BY THE BOARD TO SERVE ON THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 BETTY PIRNAT, TULSA BALLET PAST PRESIDENT, IS EMPLOYED AT AN EXEMPT ORGANIZATION OF WHICH HANNAH ROBSON, ANOTHER BOARD MEMBER, IS ASSOCIATED AS A BOARD DIRECTOR OF THAT ORGANIZATION. MOLLIE WILLIFORD IS THE MOTHER OF MONICA WILLIFORD. BONNIE KLEIN IS THE MOTHER OF SUSAN PARROTT. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF TULSA BALLET THEATRE, INC. CONSIST OF ALL INDIVIDUALS, CORPORATIONS, LIMITED LIABILITY COMPANIES, PARTNERSHIPS, LIMITED PARTNERSHIPS, SOLE PROPRIETORSHIPS AND ANY OTHER LEGAL ENTITIES WHICH CONTRIBUTE FIVE HUNDRED DOLLARS OR MORE IN CASH OR CASH EQUIVALENTS (EXCLUDING THE SUBSCRIPTION AND PURCHASE OF TICKETS FOR PERFORMANCES OF THE BALLET COMPANY) TO THE TULSA BALLET UP TO AND INCLUDING THE LAST DAY (MAY 31) OF THAT CURRENT FISCAL YEAR. EACH MEMBER SHALL HAVE ONE VOTE IN MATTERS SUBMITTED TO A VOTE OF MEMBERS AND SHALL BE ENTITLED TO VOTE AT THE ANNUAL MEETING OF THE MEMBERS FOLLOWING ANY FISCAL YEAR DURING WHICH SUCH MEMBER IS QUALIFIED. FORM 990, PART VI, SECTION A, LINE 7A THE TULSA BALLET BOARD OF DIRECTORS IS MADE UP OF SEVEN CATEGORIES OF DIRECTORS: FOUNDING DIRECTORS, PRESIDENT EMERITUS DIRECTORS, THOSE DIRECTORS APPOINTED BY THE PRESIDENT, ELECTED DIRECTORS, EX-OFFICIO DIRECTORS, ADVISORY DIRECTORS AND HONORARY DIRECTORS. ELECTED DIRECTORS ARE ELECTED BY THE MEMBERS OF THE CORPORATION AT THE ANNUAL MEETING OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS HAS DELEGATED THE AUTHORITY TO REVIEW AND APPROVE THE FORM 990 TO THE EXECUTIVE COMMITTEE BEFORE FILING WITH THE IRS. ONCE THE EXECUTIVE COMMITTEE HAS APPROVED, THE CURRENT YEARS FORM 990 CONTAINING ALL SCHEDULES EXCEPT FOR SCHEDULE B IS ALSO PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ASKED TO REVIEW THE CONFLICT OF INTEREST POLICY AND DISCLOSE INTERESTS THAT COULD RESULT IN CONFLICTS AT THE BEGINNING OF EACH FISCAL YEAR. FURTHER, BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CHANGES DURING THE YEAR. ALL NOTED POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD OR APPLICABLE COMMITTEE TO DETERMINE IF A CONFLICT OF INTEREST DOES IN FACT EXIST. IN THE CASE OF AN ACTUAL CONFLICT OF INTEREST, THE CHAIR OF THE BOARD OR APPLICABLE COMMITTEE SHALL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO PROPOSED TRANSACTIONS OR ARRANGEMENTS. IF A MEMBER FAILS TO DISCLOSE A POSSIBLE OR ACTUAL CONFLICT OF INTEREST, THE BOARD OR APPLICABLE COMMITTEE SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR DETERMINING THE ARTISTIC DIRECTORS COMPENSATION CONSIDERING THE SIZE AND COMPLEXITY OF THE ORGANIZATION, THE MISSION, GEOGRAPHIC LOCATION AND FINANCIAL CONDITION OF THE ORGANIZATION, QUALIFICATIONS REQUIRED FOR THE JOB, ASSESSMENT OF PERFORMANCE USING PRE-DETERMINED GOALS, COMPENSATION LEVELS AT COMPARABLE ORGANIZATIONS, ORGANIZATION BUDGET AND COMPENSATION INCREASE PARAMETERS AS SET FORTH IN THE ARTISTIC DIRECTOR CONTRACT. THE COMPENSATION COMMITTEE WORKS IN CONJUNCTION WITH ARTISTIC DIRECTOR AND MANAGING DIRECTOR TO REVIEW AND APPROVE RECOMMENDED COMPENSATION LEVELS FOR MANAGING DIRECTOR, ARTISTIC AND ADMINISTRATIVE STAFFS WHICH ARE ALSO BASED ON THE VARIABLES LISTED ABOVE, AS APPROPRIATE. THE RATIONALE AND DATA USED FOR ALL DECISIONS ARE DOCUMENTED BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS MADE AVAILABLE TO THE PUBLIC VIA THE WWW.GUIDESTAR.COM WEBSITE AND UPON REQUEST. THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS ARE ALSO MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET EQUITY TRANSFER TO TULSA BALLET THEATRE TRUST FUND -550,596. ROUNDING -1. FORM 990, PART XII, LINE 2: THE CONSOLIDATED FINANCIAL STATEMENTS OF TULSA BALLET THEATRE, INC. AND TULSA BALLET THEATRE TRUST FUND(SEPARATE FORM 990) WERE AUDITED BY AN INDEPENDENT ACCOUNTANT. SEE SCHEDULE R. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE SHALL CONSIST OF AT LEAST THREE BOARD MEMBERS, NONE OF WHOM CAN BE THE CURRENT TULSA BALLET TREASURER. THE BOARD MAY ALSO APPOINT UP TO TWO NON-BOARD MEMBERS WITH SPECIAL FINANCIAL EXPERTISE WHO SHALL SERVE AS VOTING MEMBERS OF THE COMMITTEE. TO ENSURE THAT THE COMMITTEE IS INDEPENDENT, NONE OF THE COMMITTEE MEMBERS MAY BE BALLET STAFF. THE PRIMARY DUTIES AND RESPONSIBILITY OF THE AUDIT COMMITTEE ARE TO RECOMMEND TO THE BOARD OF DIRECTORS, ON AN ANNUAL BASIS, A FIRM OF CERTIFIED PUBLIC ACCOUNTANTS TO CONDUCT A FINANCIAL AUDIT OF THE CORPORATION; AND TO PROVIDE OVERSIGHT OF THE CORPORATION'S INTERNAL FINANCIAL AND ACCOUNTING CONTROLS ON BEHALF OF THE BOARD OF DIRECTORS. TULSA BALLET THEATRE TRUST FUND 1212 E 45TH PLACE TULSA OK 74105 731165420 SUPPORT ORGANIZATION OF TULSA BALLET OK 501(C)(3) LINE 11 TULSA BALLET THEATRE INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 TULSA BALLET THEATRE TRUST FUND R 550596 CASH