2015-06-15T09:49:45-05:00 2014-07-31 020449197 OSTER & WHEELER PC 86 WEST ST PO BOX 623 KEENE NH 03431 990 2013-08-01 020466087 THE COLONIAL THEATRE COLO 6033571233 95 MAIN STREET PO BOX 77 KEENE NH 03431 JOSEPH PARISI TREASURER 6033571233 2015-06-15 1 CHRISTOPHER R WHEELER CPA P01436628 6033524500 2015-06-12 2013 2016-03-07 17:11:31Z JOSEPH PARISI 95 MAIN STREET PO BOX 77 KEENE NH 03431 1655457 0 X N/A X 1993 NH THE COLONIAL THEATRE IS AN HISTORIC PERFORMING ARTS CENTER, WHICH BRINGS THE CULTURAL AND CREATIVE SPIRIT OF OUR COMMUNITY TO LIFE.THE COLONIAL THEATRE WILL BE THE MODEL REGIONAL PERFORMING ARTS CENTER; EXCITING, EDUCATING AND CHALLENGING AUDIENCES OF ALL AGES. 14 14 32 125 0 0 642690 539596 997201 864536 74806 125670 75049 65841 1789746 1595643 0 0 0 0 551198 561268 0 0 99492 1195435 1075524 1746633 1636792 43113 -41149 2637564 2678266 411027 492878 2226537 2185388 X THE COLONIAL THEATRE IS AN HISTORIC PERFORMING ARTS CENTER, WHICH BRINGS THE CULTURAL AND CREATIVE SPIRIT OF OUR COMMUNITY TO LIFE.THE COLONIAL THEATRE WILL BE THE MODEL REGIONAL PERFORMING ARTS CENTER; EXCITING, EDUCATING AND CHALLENGING AUDIENCES OF ALL AGES. 0 0 1255707 869330 OPERATION OF HISTORIC THEATRE AS A COMMUNITY PERFORMING ARTS CENTER, PROVIDING LIVE PERFORMANCES, FILM SHOWINGS AND ACTIVITIES OF VARIOUS TYPES, INCLUDING EDUCATIONAL OUTREACH TO SCHOOLS AND THE COMMUNITY. 1255707 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 0 0 0 0 0 0 0 0 0 1 10 0 1 32 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 1 1 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 NH X STEVE D'ALESSIO 6033521000 543 WEST STREET KEENE NH 03431 RICHARD GUERRIERO DIRECTOR 0.00 X 0 0 0 SALLY HANSEL DIRECTOR 0.00 X 0 0 0 ROBERT HARRIS CHAIR 0.00 X X 0 0 0 KAREN HOUSE TREASURER 0.00 X X 0 0 0 CHRIS MARSEILLES DIRECTOR 0.00 X 0 0 0 JOSEPH PARISI TREASURER 0.00 X X 0 0 0 SUSAN BLOOM NEWCOMER DIRECTOR 0.00 X 0 0 0 BETH KOSUL DIRECTOR 0.00 X 0 0 0 JUDITH PUTZEL DIRECTOR 0.00 X 0 0 0 FRANK MAZZOLA DIRECTOR 0.00 X 0 0 0 TAD SCHRANTZ DIRECTOR 0.00 X 0 0 0 JULIE TEWKSBURY SECRETARY 0.00 X X 0 0 0 HEATHER MINKLER DIRECTOR 0.00 X 0 0 0 PETER SCHRADER DIRECTOR 0.00 X 0 0 0 ALEXANDER M DOYLE EXECUTIVE DIRECTOR 40.00 X 79756 0 0 79756 0 0 0 0 0 0 0 298466 241130 539596 THEATRE REVENUE 711110 864536 864536 864536 125670 125670 65300 35728 29572 29572 29572 55561 24086 31475 31475 MISC. REVENUE-RELATED- 900099 4794 4794 4794 1595643 869330 0 186717 79756 15952 47853 15951 380275 224362 98872 57041 7101 4190 1846 1065 59469 35086 15462 8921 34667 20454 9013 5200 11186 11186 177469 171010 3797 2662 13372 13372 3949 3806 84 59 98856 97420 718 718 LIVE PERFORMANCE COSTS 590762 590762 EQUIPMENT COSTS 36556 36556 FILM COSTS 27013 27013 EQUIPMENT RENTAL AND RE 25870 25870 90491 3226 79390 7875 1636792 1255707 281593 99492 30642 20219 46885 2384 4016 14937 3130 3130 61906 67732 3296844 1595825 1725605 1701019 765380 868845 2637564 2678266 35972 70110 228351 221633 141691 196735 5013 4400 411027 492878 X 1428783 1316097 797754 869291 2226537 2185388 2637564 2678266 -41149 0 X 0 1 X 0 0 X 497152 588238 407765 642690 568634 2704479 847848 890925 908168 1066803 920096 4633840 1345000 1479163 1315933 1709493 1488730 7338319 0 0 0 7338319 93489 152793 152787 136726 65308 601103 93489 152793 152787 136726 65308 601103 -61 109 4637 4334 4794 13813 1438428 1632065 1473357 1850553 1558832 7953235 0.92270 0.91740 0.07560 0.08140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150861 150861 351249 187258 163991 2313998 1030139 1283859 480736 378428 102308 1701019 SECURITY DEPOSITS 4609 BENEFICIAL INTEREST 864236 868845 TENANTS' SECURITY DEPOSIT 4400 4400 X 1655457 59814 59814 1595643 0 1595643 1696606 59814 59814 1636792 0 1636792 PART X, LINE 2: INCOME TAXES - THE COLONIAL QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. THE COLONIAL HAS EVALUATED ITS SIGNIFICANT TAX POSITIONS, INCLUDING THEIR TAX EXEMPT STATUS, AND DETERMINED THAT THEY DO NOT NEED TO RECOGNIZE A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS FOR INTEREST, PENALTIES OR POTENTIAL TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. THE COLONIAL'S ANNUAL FEDERAL RETURN FILING (FORM 990) AND NEW HAMPSHIRE ANNUAL REPORT (NHCT-2A) REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS FOR THE STANDARD THREE-YEAR STATUTE OF LIMITATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF CONCESSION SALES 24,086. RENTAL EXPENSES 35,728. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF CONCESSION SALES 24,086. RENTAL EXPENSES 35,728. FORM 990, PART VI, SECTION A, LINE 4 THE BY LAWS OF THE COLONIAL THEATRE WERE UPDATED TO REFLECT THE CURRENT OPERATIONS OF THE THEATRE AND TO ENSURE COMPLIANCE WITH ALL RELEVANT LAWS AND REGULATIONS. FORM 990, PART VI, SECTION A, LINE 5 IN NOVEMBER OF 2014 THE COLONIAL THEATRE BECAME AWARE OF FRAUDULENT ACTS PERPETRATED BY A FORMER EMPLOYEE. THESE ACTS GENERALLY INVOLVED FRAUDULENT EXPENDITURES AND MISAPPROPRIATION OF THEATRE ASSETS. MANAGEMENT AND THE BOARD OF DIRECTORS IMMEDIATELY INITIATED AN INVESTIGATION TO IDENTIFY THE SCOPE OF THE FRAUDULENT ACTIVITY AND TO DETERMINE THE METHODS BY WHICH IT OCCURRED. A CERTIFIED FRAUD AUDITOR WAS ENGAGED, AND BASED ON THE REPORT OF FINDINGS ISSUED BY THE AUDITOR AND MANAGEMENT'S OWN INVESTIGATION FRAUDULENT TRANSACTIONS WERE IDENTIFIED TOTALING APPROXIMATELY $85,000. THESE TRANSACTIONS OCCURRED OVER A PERIOD DATING FROM JANUARY 1, 2010 TO NOVEMBER 15, 2014. ADDITIONAL TRANSACTIONS WERE IDENTIFIED AS SUSPICIOUS; HOWEVER SPECIFIC FRAUDULENT TRANSACTIONS WERE NOT IDENTIFIED. MANAGEMENT ESTIMATES THAT THE TOTAL SCOPE OF THE FRAUD LOSS OVER THE PERIOD EXAMINED LIKELY DOES NOT EXCEED $150,000. MANAGEMENT ESTIMATES AS OF THE DATE OF THIS REPORT THAT THEY WILL REALIZE A FRAUD RECOVERY FROM INSURANCE AND RESTITUTION TOTALING APPROXIMATELY $38,000. IN NOVEMBER OF 2014 THE COLONIAL THEATRE OUTSOURCED THEIR ACCOUNTING FUNCTIONS TO A HIGHLY REPUTABLE THIRD PARTY ACCOUNTING SERVICE AND IS IN THE PROCESS OF EXAMINING THEIR ENTIRE INTERNAL CONTROL PROCESSES AND PROCEDURES. A ROBUST AND COMPREHENSIVE SYSTEM OF INTERNAL CONTROLS IS BEING IMPLEMENTED TO ADDRESS FRAUD RISKS AND PREVENT FUTURE OCCURRENCES. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE REVIEWED AND DISCUSSED THE FORM 990 AND DESIGNATED FINAL APPROVAL TO THE TREASURER AND EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST STATEMENT UPON JOINING THE BOARD AND AT LEAST ANNUALLY THEREAFTER. THE DIRECTOR OF FINANCE AND ADMINISTRATION KEEPS THE STATEMENTS ON FILE IN THE BUSINESS OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. EACH BOARD MEMBER COMPLETES A PERFORMANCE REVIEW FORM AND SUBMITS IT TO THE EXECUTIVE COMMITTEE WHICH THEN REVIEWS THE FORMS AND HAS A REVIEW SESSION WITH THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES OF REQUESTED DOCUMENTS MAY BE OBTAINED AT THE BUSINESS OFFICE IN KEENE, NH BY APPOINTMENT, OR MAY BE MAILED TO THE REQUESTOR AT HIS/HER LOCATION.