2015-08-12T13:12:59-05:00 2014-09-30 381357951 PLANTE & MORAN PLLC 27400 NORTHWESTERN HWY SOUTHFIELD MI 48304 990 2013-10-01 382269013 MICHIGAN THEATRE FOUNDATION INC MICH 7346688397 603 EAST LIBERTY ANN ARBOR MI 48104 RUSSELL B COLLINS CEO & BOARD SECRETARY 7346688397 2015-08-07 1 LYNNE M HUISMANN P00053811 2483522500 2013 2016-02-25 16:41:14Z RUSSELL B COLLINS 603 EAST LIBERTY ANN ARBOR MI 48104 4056193 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 THE HISTORIC MICHIGAN THEATER. 20 19 159 400 -17995 -17995 1457743 1053144 2056441 2564243 4281 2742 156156 220564 3674621 3840693 0 0 0 0 1622186 1781133 0 0 448827 1875086 2061849 3497272 3842982 177349 -2289 8600633 8651784 750356 803796 7850277 7847988 TO PRESERVE, RESTORE AND OPERATE THE HISTORIC MICHIGAN THEATER FOR THE BENEFIT OF THE COMMUNITY AND THE ARTS. 0 0 2884805 2560383 OPERATION, MAINTENANCE AND RESTORATION OF THE MICHIGAN THEATRE FOR THE BENEFIT OF THE COMMUNITY AND THE ARTS. 233097 242419 TO HOST ANNUAL SEMINAR FOR EXECUTIVES OF HISTORIC THEATRES WHICH INCLUDES OVER 500 PARTICIPANTS FROM AROUND NORTH AMERICA. 3117902 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 1 159 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 19 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 VICTOR STRECHER TRUSTEE 1.00 X 0 0 0 SUSAN CORAN TRUSTEE 1.00 X 0 0 0 SULTAN SHARRIEF TRUSTEE 1.00 X 0 0 0 RUTH ROBY GLANCY TRUSTEE 1.00 X 0 0 0 RUSSELL B COLLINS CEO & BOARD SECRETARY 40.00 X X 104833 0 14841 MIKE HAMMER TRUSTEE 1.00 X 0 0 0 MARGIE TEALL TRUSTEE 1.00 X 0 0 0 LOUIS CALLAWAY TRUSTEE 1.00 X 0 0 0 LESLIE DESMOND TRUSTEE 1.00 X 0 0 0 LESLIE BASH TRUSTEE 1.00 X 0 0 0 JOHN HIEFTJE TRUSTEE 1.00 X 0 0 0 JIM MURRAY TRUSTEE 1.00 X 0 0 0 JEAN ROWAN TRUSTEE 1.00 X 0 0 0 JAMES STERKEN TRUSTEE 1.00 X 0 0 0 JAMES KIRK TRUSTEE 1.00 X 0 0 0 JAMES BUHR TRUSTEE 1.00 X 0 0 0 HILLARY MURT VICE CHAIR 1.00 X X 0 0 0 FRANCES TODORO-HARGREAVES TREASURER 1.00 X X 0 0 0 ELIZABETH PALMS TRUSTEE 1.00 X 0 0 0 ALEC ALLEN CHAIR 1.00 X X 0 0 0 CHRISTINA TABACZKA CFO 40.00 X 76244 0 5918 181077 0 20759 1 0 0 0 0 257690 25500 769954 41638 1053144 FILMS 512000 764891 764891 THEATRE RENTAL FEES 532000 512255 512255 LIVE EVENTS 711110 408030 408030 CINETOPIA FILM FEST 512000 290070 290070 MEMBERSHIP 711110 280938 280938 308059 308059 2564243 2578 2578 66383 84378 -17995 -17995 -17995 22880 22716 164 164 164 346965 108406 238559 238559 3840693 2802802 -17995 2742 214847 53349 108149 53349 1310308 1074453 39309 196546 75867 74272 266 1329 50622 41510 1519 7593 129489 106181 3885 19423 5785 5785 21666 19499 2167 1906 1715 191 5619 4889 730 33714 22588 6743 4383 170169 131030 17017 22122 43300 14289 14289 14722 275388 247849 27539 45231 34828 4523 5880 FILM EXPENSES 709704 709704 ART HOUSE CONVERGENCE 233097 233097 MEMBER BENEFITS 198519 198519 FUNDRAISING 100938 100938 216813 144345 50656 21812 3842982 3117902 276253 448827 43803 30833 134987 146779 1263986 1129777 85437 115714 9640 10656 21129 55884 10259821 4723728 5635771 5536093 1405880 1626048 8600633 8651784 154614 244426 44763 44385 546779 510785 4200 4200 750356 803796 X 5503905 5408767 2346372 2439221 7850277 7847988 8600633 8651784 -2289 0 X X 0 1 X 1 0 X 1184901 1206609 2066613 1457743 1053144 6969010 1761978 2015879 2517060 2324037 2911208 11530162 2946879 3222488 4583673 3781780 3964352 18499172 20394 29640 258617 43150 25900 377701 0 20394 29640 258617 43150 25900 377701 18121471 60499 67293 68847 69053 68961 334653 60499 67293 68847 69053 68961 334653 3007378 3289781 4652520 3850833 4033313 18833825 0.96220 0.96020 0.01780 0.01970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 148100 148100 839234 8028104 3954051 4913287 16192 1133775 760611 389356 94416 9066 85350 5536093 BOARD DESIGNATED CASH RESERVE 1626048 1626048 DEPOSITS 4200 4200 X 3937197 12126 12126 3925071 -84378 -84378 3840693 3939486 12126 84378 96504 3842982 0 3842982 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, 2014 AND 2013, 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 2011 FISCAL YEAR. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -84,378. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 84,378. X 5 22716 FAIR MARKET VALUE X 1 5621 FAIR MARKET VALUE X OFFICE & OTHE 10 13301 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 9/30/14. 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.