2014-12-18T16:32:18-06:00 2014-05-31 730604026 SARTAIN FISCHBEIN & CO 3010 S HARVARD AVE STE 400 TULSA OK 741146193 990 2013-06-01 730667485 TULSA BALLET THEATRE INC TULS 9187496030 1212 E 45TH PLACE TULSA OK 74105 BILLIE T BARNETT PRESIDENT 9187496030 2014-12-09 1 LESLIE JONES P00104727 9187496601 2013 2015-11-30 17:44:51Z BILLIE T BARNETT 1212 E 45TH PLACE TULSA OK 74105 9925845 0 X WWW.TULSABALLET.ORG X 1956 OK PRESERVE AND CREATE WORKS OF BALLET AND EDUCATE THROUGH TRAINING AND OUTREACH PROGRAMS. 46 45 76 80 0 0 2457021 7396476 1524188 1624958 7999 66985 344726 339497 4333934 9427916 50200 82125 0 0 2693456 2406571 0 0 107016 2571095 3018790 5314751 5507486 -980817 3920430 11727343 16444361 2079924 2343060 9647419 14101301 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 3894348 1348702 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. 437432 504535 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. 248324 82125 7426 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. JOURNEY THROUGH DANCE, 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. 4580104 1 1 0 1 0 0 0 1 0 1 1 1 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 1 0 0 0 1 0 0 0 1 90 0 1 76 1 0 0 0 0 0 1 1 0 0 0 0 X 46 45 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 CHERYL FORREST PRESIDENT EMERITA 9.60 X 0 0 0 LEANNE HELMERICH PRESIDENT EMERITA 1.00 X 0 0 0 JACKIE KOURI IMMEDIATE PAST PRES./VP PERSONNEL 2.30 X X 0 0 0 BETTY PIRNAT PRESIDENT EMERITA 2.50 X 0 0 0 HANNAH ROBSON PRESIDENT EMERITA 1.10 X 0 0 0 GEORGIA SNOKE PRESIDENT EMERITA 2.80 X 0 0 0 SKIP TEEL PRESIDENT EMERITUS 1.00 0.60 X 0 0 0 MOLLIE WILLIFORD PRESIDENT EMERITA 1.00 X 0 0 0 ALISON ANTHONY ELECTED DIRECTOR 1.00 X 0 0 0 BILLIE BARNETT EXECUTIVE VP 2.20 X X 0 0 0 GARY BLACK ELECTED DIRECTOR 1.50 X 0 0 0 KERRI BOWEN ELECTED DIRECTOR 1.00 X 0 0 0 ELISE BRENNAN ELECTED DIRECTOR 1.50 X 0 0 0 MARY WHEELER BROWN ELECTED DIRECTOR 1.10 X 0 0 0 DENNIS CAMERON ELECTED DIRECTOR 1.70 X 0 0 0 LARRY CHAMBERS ELECTED DIRECTOR 2.10 X 0 0 0 ROSALIE CHILDS ELECTED DIRECTOR 1.00 X 0 0 0 KATHLEEN COAN ELECTED DIRECTOR 1.00 X 0 0 0 REBECCA CREAL ELECTED DIRECTOR 1.00 X 0 0 0 CHARLOTTE EDMUNDSON VP BOARD GOVERNANCE 3.70 X X 0 0 0 SARAH JANE GILLETT VP CONTRIBUTED REVENUE 3.00 X X 0 0 0 JACQUI HAGLUND ELECTED DIRECTOR 1.30 X 0 0 0 JULIE HARPER ELECTED DIRECTOR 1.20 X 0 0 0 SOOHYUN JIN ELECTED DIRECTOR 1.00 X 0 0 0 ANDY KINSLOW ELECTED DIRECTOR 1.50 X 0 0 0 BONNIE KLEIN ELECTED DIRECTOR 1.00 X 0 0 0 SUZANNE KNEALE ELECTED DIRECTOR 1.00 0.50 X 0 0 0 PHIL MARSHALL ELECTED DIRECTOR 1.00 X 0 0 0 NICOLE MORGAN VP STRATEGIC PLANNING 1.10 X X 0 0 0 MICHAEL NOLAND VP FINANCE / TREASURER 1.00 0.90 X X 0 0 0 DONNA O'ROURKE CORP. & EXECUTIVE COMM SECRETARY 2.20 X X 0 0 0 JENNIFER PILANT ELECTED DIRECTOR 1.00 X 0 0 0 CASSI REESE VP CONTRIBUTED REVENUE 1.00 X X 0 0 0 BILL SCHONACHER PRESIDENT 10.30 X X 0 0 0 JULIE SMITH ELECTED DIRECTOR 1.00 1.10 X 0 0 0 WILL SMITH ELECTED DIRECTOR 1.00 X 0 0 0 BELYNDA SPITZER ELECTED DIRECTOR 1.00 X 0 0 0 BARBARA SYLVAN ELECTED DIRECTOR 1.20 X 0 0 0 KAYLA VAUGHN ELECTED DIRECTOR 3.60 X 0 0 0 BILL WARNOCK ELECTED DIRECTOR 1.00 X 0 0 0 KATHY WEST ELECTED DIRECTOR 1.00 X 0 0 0 PAUL WILLIAMS ELECTED DIRECTOR 1.00 X 0 0 0 MONICA WILLIFORD ELECTED DIRECTOR 1.00 X 0 0 0 MILT WOLFF VP AUDIT 1.00 X X 0 0 0 RACHEL ZEBROWSKI ELECTED DIRECTOR 1.00 X 0 0 0 JANE MATULIS PRESIDENTIAL APPOINTEE 1.00 X 0 0 0 MARCELLO ANGELINI ARTISTIC DIRECTOR 60.00 X 141565 0 8999 WILLIAM S BLACK MANAGING DIRECTOR 49.50 0.50 X 82263 0 596 223828 0 9595 1 0 1 0 THEATRICAL ACCOUNTING SERVICES PO BOX 701462 TULSA OK 74170 STAGEHANDS 225423 TULSA SYMPHONY ORCHESTRA INC 111 E 1ST ST 1 TULSA OK 74103 ORCHESTRA PERFORMANCES 137059 2 544167 958903 123740 5769666 4296863 7396476 TICKET SALES 711120 1081423 1081423 SCHOOL INCOME 711120 504535 504535 CYGNET SOCIETY 711120 39000 39000 1624958 31791 31791 269565 70288 199277 199277 199277 211265 176071 35194 35194 35194 65875 958903 230115 -164240 -164240 21100 350 20750 20750 69110 21105 48005 48005 CHANGE-BENEFICIAL INT 711120 154960 154960 INCOME - TRUST ASSETS 711120 35771 35771 SET/COST/EQUIP RENTAL 711120 16450 16450 28524 28524 235705 9427916 1860663 0 170777 82125 82125 254283 170294 83989 1775213 1370518 404695 133252 113909 19343 243823 185590 58233 964 964 26921 26921 3951 3951 339443 339443 510081 447262 62819 75955 41087 34868 20971 20971 162808 162808 237311 235278 2033 41878 41878 6053 586 5467 65385 49464 15921 443261 369414 73847 12445 12445 PRODUCTION COSTS 832608 832608 WORKERS COMPENSATION 96771 86058 10713 UNCOLLECTIBLE PLEDGES 44197 44197 CONTRIBUTED GOODS & SUP 32000 32000 65787 19782 46005 5507486 4580104 820366 107016 200148 189944 906575 30594 302183 5124243 16530 12219 190018 204224 13385139 5170427 8572859 8214712 125014 1099450 1414016 1568975 11727343 16444361 231797 254720 433276 441539 1414851 1646801 2079924 2343060 X 6997945 11167257 1647899 1932469 1001575 1001575 9647419 14101301 11727343 16444361 X 3920430 55806 125000 352646 X X 0 1 X 1 0 X 4417892 3402647 2620663 2457021 3211475 16109698 1534225 1251098 1454823 1524189 1624958 7389293 5952117 4653745 4075486 3981210 4836433 23498991 1292957 774520 686791 1022335 798998 4575601 0 1292957 774520 686791 1022335 798998 4575601 18923390 413303 226774 220542 213920 301356 1375895 413303 226774 220542 213920 301356 1375895 108228 119048 215925 198260 391790 1033251 6473648 4999567 4511953 4393390 5529579 25908137 0.73040 0.76090 0.05310 0.05520 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GUILD - 2009 AMOUNT: $ 13,377. 2010 AMOUNT: $ -1,241. 2011 AMOUNT: $ 129. 2012 AMOUNT: $ 16. MISCELLANEOUS - 2009 AMOUNT: $ 94,851. 2010 AMOUNT: $ 120,289. 2011 AMOUNT: $ 215,796. 2012 AMOUNT: $ 198,244. 2013 AMOUNT: $ 235,705. GROSS INCOME FROM FUNDRAISING - 2013 AMOUNT: $ 65,875. GROSS INCOME FROM GAMING - 2013 AMOUNT: $ 21,100. GROSS SALES OF INVENTORY - 2013 AMOUNT: $ 69,110. SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: DESCRIPTION: LAND - ACCRUED AT 5/31/14; RECEIVED JUNE 2014 DATE: 06/13/14 AMOUNT: 4185000. 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. 7500 84750 X X X X 0 5278291 660822 373036 37016 5529061 4722226 26176 738448 176085 32474 5278291 4952595 -78804 151565 4722226 4371348 666990 85743 4952595 2968668 1143325 403442 144087 4371348 0.00000 0.85000 0.15000 0 1 1 416240 416240 11219899 3587647 7632252 878835 738715 140120 870165 844065 26100 8214712 ROBSON FUND 1099450 F 1099450 BENEFICIARY INTEREST IN TRUST ASSETS 1568975 1568975 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: FIN 48 (ASC 740) FOOTNOTE: ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES REQUIRES AN ENTITY TO RECOGNIZE A LIABILITY FOR TAX POSITIONS WHEN THERE IS A 50% OR GREATER LIKELIHOOD THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE ENTITY IS LIABLE FOR TAXES TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME AS DEFINED BY IRS REGULATIONS. THE BALLET BELIEVES THAT IT HAS NOT ENGAGED IN ANY UNRELATED BUSINESS INCOME AS DEFINED BY IRS REGULATIONS AND THAT IT IS MORE LIKELY THAN NOT THAT THIS POSITION WOULD BE SUSTAINED UPON EXAMINATION. AS SUCH, THERE WERE NO LIABILITIES RECORDED FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2014 AND 2013. ICONS & IDOLS 1024778 958903 65875 38550 67933 76826 46806 1024778 958903 65875 38550 67933 76826 46806 230115 -164240 21100 350 0 21100 350 350 20750 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 0 1 LIVING EXPENSE STIPEND FOR STUDENTS ATTENDING TULSA BALLET II SCHOOL 13 82125 PART I, LINE 2: ALL STUDENTS ATTENDING THE TULSA BALLET II SCHOOL ARE GIVEN A STIPEND OF $150-1,200 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 141565 0 0 0 0 0 0 0 8999 0 150564 0 0 0 BILL SCHONACHER CURRENT BOARD MEMBER 712556 BANK LOAN, LINE OF CREDIT, CASH MANAGEMENT FEES, CC PROCESSING FEES 0 SCHEDULE L, PART IV BILL IS BOARD DIRECTOR / MARKET PRESIDENT FOR IBC BANK WHERE TULSA BALLET THEATRE, INC. HAS A $700,000 LINE OF CREDIT ($600,000 OUTSTANDING AS OF 5/31/2014) AND A REAL ESTATE LOAN (APPROX. $1,046,801 BALANCE AS OF 5/31/2014.) REAL ESTATE LOAN PAYMENTS MADE DURING THE FISCAL YEAR WERE $117,514.56, LOC PAYMENTS MADE WERE $564,993.25, AND CASH MANAGEMENT FEE PAYMENTS MADE DURING THE YEAR WERE $6,405.31. X 1 7500 APPRAISAL X 6 72363 SALES PROCEEDS X 1 4185000 APPRAISAL X 1 25000 FMV X FLOWERS 2 5200 FMV X MISCELLANEOUS 5 1800 FMV 0 1 0 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. 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. 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 FROM TULSA BALLET THEATRE TRUST FUND 352,650. ROUNDING -4. 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. FORM 990, PART VIII, LINE 1F TULSA BALLET RECEIVED A PLEDGE OF LAND CONTRIBUTION FOR $4,185,000. TITLE WAS RECEIVED IN JUNE 2014. THIS CONTRIBUTION PLEDGE HAS BEEN REPORTED ON SCHEDULE B AND SCHEDULE M FOR THE YEAR ENDING MAY 31, 2014. FORM 990, PART VIII, LINE 11A CHANGE-BENEFICIAL INT OTHER REVENUE IS CHANGES IN THE DISCOUNTED VALUE OF BENEFICIAL INTEREST OF TRUST ASSETS. TULSA BALLET THEATRE TRUST FUND 1212 E 45TH PLACE TULSA OK 74105 731165420 SUPPORT ORGANIZATION OF TULSA BALLET OK 501(C)(3) LINE 11 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 TULSA BALLET THEATRE TRUST FUND S 352650 CASH