2015-10-22T09:17:01-07:00 2015-06-30 Price Fronk & Co 975 SW Colorado Ave Suite 200 Bend OR 97702 990 2014-07-01 911829147 Tower Theatre Foundation Inc TOWE 5413170700 PO Box 1378 Bend OR 97709 RAY SOLLEY Executive Direc 2015-10-15 true CANDACE S FRONK P00051000 5413824791 X 2014 2016-02-25 16:41:14Z 1351865 false false X www.towertheatre.org X 1997 OR to be Central OR's leading performing arts organization, providing cultural & education programs that make essential contributions to the region's lifestyle & strength of community, by providing an extraordinary space for performances, education, civic gatherings & social events. 10 10 25 175 0 240552 276354 921285 1075304 -265 207 0 1161572 1351865 0 0 551216 614966 0 130930 715685 754210 1266901 1369176 -105329 -17311 2945682 2877465 435600 384694 2510082 2492771 to be Central OR's leading performing arts organization, providing cultural & education programs that make essential contributions to the region's lifestyle & strength of community, by providing an extraordinary space for performances, education, civic gatherings & social events. false false 1110217 1075304 THE THEATRE WAS UTILIZED FOR A WIDE VARIETY OF CULTURAL EVENTS ON 175 DAYS DURING THE YEAR. ATTENDANCE AT 159 EVENTS AMOUNTED TO 53,566. 56% OF THE THEATRE'S LICENSEES WERE NONPROFIT ORGANIZATIONS. 1110217 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 27 0 false 25 true false false false false false false false false 0 false false false false false false false false false false X 10 10 false false false false false false false true false false false false true true true false true true false false OR X JULIE FLOYD 5413170700 835 NW WALL ST BEND OR 97701 X ANNA JOHNSON Director 1.00 0.00 X 0 0 0 ALISON HAMM Chairman 1.00 0.00 X X 0 0 0 MARK BEACH Director 1.00 0.00 X 0 0 0 LORA NORDQUIST Director 1.00 0.00 X 0 0 0 CARLY MCFARLAND Director 1.00 0.00 X 0 0 0 JIM DAVIDSON Director 1.00 0.00 X 0 0 0 CATHY TAI Director 1.00 0.00 X 0 0 0 BRIAN TOMPKINS Director 1.00 0.00 X 0 0 0 KEVIN SPARKS Treasurer 1.00 0.00 X X 0 0 0 DOUGLAS WATSON Secretary 1.00 0.00 X X 0 0 0 RAY SOLLEY EXECUTIVE DIRECTOR 40.00 0.00 X 119114 0 0 119114 1 false false false 0 276354 16440 276354 EVENTS AND RELATED INCOME 507576 507576 IN HOUSE PRESENTING 376800 376800 TICKET OFFICE 190928 190928 1075304 207 207 0 0 0 0 0 0 0 0 1351865 1075304 207 0 0 0 0 119114 89336 29778 0 449047 314405 48519 86123 0 0 46805 34694 4526 7585 0 0 10500 6431 3902 167 0 0 0 9320 5708 3463 149 22722 21116 1606 7274 4525 2592 157 21069 12904 7829 336 0 21336 16002 2667 2667 0 0 0 0 0 111531 111531 18238 16115 2123 IN-HOUSE PRESENTING EXPENSES 291739 286025 5714 OTHER EXPENSES 91370 49702 18343 23325 CONCESSION EXPENSES 63443 63443 UTILITIES EXPENSES 31299 30113 1186 54369 48167 3101 3101 1369176 1110217 128029 130930 2127 9579 205594 214835 26508 11894 0 0 0 0 0 35522 19255 3794558 1172656 2675931 2621902 0 0 0 0 0 2945682 2877465 32549 90215 144776 63454 258275 231025 435600 384694 X 2463426 2433406 46656 59365 2510082 2492771 2945682 2877465 -17311 X false true X true false X 237418 175415 164393 240552 276354 1094132 0 0 237418 175415 164393 240552 276354 1094132 27930 1066202 1540 633 278 223 207 2881 0 0 1097013 4308407 0.97190 0.95480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 202844 202844 3255773 969542 2286231 335941 203114 132827 2621902 X 1378648 26783 26783 1351865 1351865 1395959 26783 26783 1369176 1369176 Part X : FIN48 Footnote The Theatre is exempt from federal and state income taxes, with the exception of federal taxes for net profits on unrelated business income, under Internal Revenue Code Section 501(c)(3).Regarding uncertain tax positions, the Theatre will recognize in its financial statements the benefit of a tax position when it believes that tax position will more likely than not be sustained on audit based on the technical merits of the position. For an exempt organization, uncertain tax positions could result from unrelated business income activities or actions that jeopardize its status as tax-exempt, such as political activity, substantial lobbying expenditures or excessive unrelated business activities. The Theatre has concluded that it had no unrecognized income tax benefits at June 30, 2015, or June 30, 2014, and it has no tax positions for which it estimates a significant change over the next 12 months.The Theatre is subject to examination by state and federal tax authorities. With few exceptions, the Theatre is no longer subject to examination by major taxing authorities for years before 2011. Part XII, Line 2d: Other expenses and losses per audited F/S ADVERTISING AND MISC EXPENSES $26783 Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b: Form 990 Review Process FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE PRIOR TO BEING FILED. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts PERIODIC REVIEWS BY THE BOARD; AUTHORITY TO APPOINT A DISINTERESTED PERSON TO INVESTIGATE, REQUIREMENT FOR PERIODIC REVIEWS Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Salary comparability data is provided by a local employment placing agency, which is then averaged with regional and state data obtained through an internet resource. In addition, the Foundation independently surveys other non-profit performing arts theatres throughout the state of Oregon and investigates salaries paid to theatre managers and Executive Directors at performing arts theatres nationwide. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE THEATRE'S ADMINISTRATIVE OFFICES LOCATED AT 833 NW WALL ST., SUITE 200, BEND, OR 97701