2013-04-26T14:48:21-05:00 2012-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2011-07-01 560591306 THE LITTLE THEATRE OF CHARLOTTE INC LITT 7043763777 501 QUEENS ROAD CHARLOTTE NC 28207 RON LAW 7043763777 2013-04-17 1 PAULA P TILLEY P00051456 7043770239 2013-04-17 2011 2016-02-25 16:41:14Z THEATRE CHARLOTTE RON LAW 501 QUEENS ROAD CHARLOTTE NC 28207 507134 0 X WWW.THEATRECHARLOTTE.ORG X 1929 NC TO PRODUCE VOLUNTEER-BASED THEATRICAL EVENTS IN THE CHARLOTTE, NC REGION. 17 17 4 900 125 0 219035 221652 308450 270173 254 -19 1866 -384 529605 491422 0 0 0 0 195003 226869 0 0 76664 274674 290737 469677 517606 59928 -26184 407172 390294 340867 350248 66305 40046 X THEATRE CHARLOTTE IS A VOLUNTEER-BASED COMMUNITY THEATRE DEDICATED TO CREATING OUTSTANDING THEATRE OPPORTUNITIES RELEVANT TO THE PEOPLE OF THE CHARLOTTE REGION. 0 0 336491 271296 THEATRE CHARLOTTE'S FY12 PROGRAMMING SERVED 15,236 PARTICIPANTS. THE MAIN STAGE SERIES CONSISTED OF 5 PRODUCTIONS: THE MUSICAL 'THE MUSIC MAN', THE COMEDY/DRAMA 'ONE FLEW OVER THE CUCKOO'S NEST', THE DRAMA 'DOUBT', THE COMEDY 'AROUND THE WORLD IN 80 DAYS', AND THE MUSICAL 'THE 25TH ANNUAL PUTNAM COUNTY SPELLING BEE.' THEATRE CHARLOTTE ALSO PRESENTED 2 SPECIAL PRODUCTIONS: THE FAMILY-ORIENTED 'A CHRISTMAS CAROL' (FOR THE 5TH CONSECUTIVE YEAR) AND THE HIT BROADWAY COMEDY 'THE ODD COUPLE (FEMALE VERSION)'. OUR PRODUCTIONS FEATURED DIVERSE CASTS, IN TERMS OF RACE, ETHNICITY AND AGE, AND 3 PRODUCTIONS WERE DIRECTED BY FEMALE DIRECTORS.THE THEATRE CHARLOTTE STUDENT THEATRE GUILD (STG), AN AREA-WIDE THEATRE CLUB FOR AGES 14 THROUGH COLLEGE, HAD 26 MEMBERS, REPRESENTING 17 AREA/REGIONAL SCHOOLS, COLLEGES AND UNIVERSITIES. THE STG HAD ITS OWN BOARD OF DIRECTORS AND PLANNED ITS OWN PROGRAMMING UNDER THE SUPERVISION OF A VOLUNTEER ADVISOR AND THE TC EXECUTIVE DIRECTOR. THE PROGRAMMING INCLUDED MONTHLY WORKSHOPS COVERING STAGE MAKEUP, STAGE COMBAT, AUDITION TECHNIQUES, DESIGN AND TECHNICAL THEATRE AND MUSICAL THEATRE. THESE WERE CONDUCTED BY AREA THEATRE PROFESSIONALS, TEACHERS AND MEMBERS OF THE TC STAFF. THE STG HAD A TWO-WEEK SUMMER INTENSIVE IN JULY THAT CULMINATED IN 3 WELL-ATTENDED PERFORMANCES OF THE BROADWAY MUSICAL, 'CABARET'. THE SUMMER INTENSIVE WAS ATTENDED BY 26 AREA HIGH SCHOOL AND COLLEGE STUDENTS. THE INTENSIVE WAS SUPERVISED AND DIRECTED BY THEATRE AND MUSICAL PROFESSIONALS FROM THE CHARLOTTE AREA, PROVIDING THE STUDENTS WITH THE OPPORTUNITY TO HAVE A TRUE SUMMER STOCK EXPERIENCE.THEATRE CHARLOTTE ALSO COLLABORATED WITH CHARLOTTE PRODUCER VITO ABATE IN PRESENTING THE MONTHLY THEMED READING AND PERFORMANCE SERIES, 'JUST DO IT.' THIS WAS PRESENTED 6 TIMES DURING THE SEASON AND GAVE REGIONAL WRITERS, COMPOSERS, FILMMAKERS AND PERFORMERS THE OPPORTUNITY TO TRY OUT NEW WORK FOR AN AUDIENCE. THEATRE CHARLOTTE ALSO SPONSORED TWO SOLD OUT MURDER MYSTERY DINNER THEATRE PRESENTATIONS: "DINNER AND A MURDER" AND "WINE, CHOCOLATE AND MURDER." DUE TO POPULARITY AND HIGH DEMAND, THE "WINE CHOCOLATE AND MURDER" EVENT HAS GROWN IN ATTENDANCE, REQUIRING RENTING A LARGER FACILITY. ADDITIONALLY, THEATRE CHARLOTTE PRESENTED 3 SPECIAL PERFORMANCES OF THE MUSICAL 'SONGS FOR A NEW WORLD', AND THE 24 HOUR THEATRE PROJECT. THE 24 HOUR THEATRE PROJECT, FEATURED SIX 10-MINUTE SCRIPTS WRITTEN, CAST, REHEARSED AND PRESENTED TO AN AUDIENCE, ALL WITHIN 24 HOURS. 336491 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X X NANCY WILSON 7043763777 501 QUEENS ROAD CHARLOTTE NC 28207 MICHELLE L GUTT 3.00 X X 0 0 0 DEANA KOCYLOWSKY 2.00 X X 0 0 0 SCOTT MILLER 2.00 X X 0 0 0 KEVIN CHAPMAN 2.00 X X 0 0 0 R BRUCE NOFSINGER JR 1.00 X 0 0 0 KOBI KENNEDY BRINSON 1.00 X 0 0 0 AMY CARROLL 1.00 X 0 0 0 MICHELE MELCHIOR 1.00 X 0 0 0 KIM KEELEN 1.00 X 0 0 0 KIM MATTHEWS 1.00 X 0 0 0 DAVID MITCHELL 1.00 X 0 0 0 BLAIR PRIMIS 1.00 X 0 0 0 SHARON PETERSON 1.00 X 0 0 0 CLAIRE TAYLOR 1.00 X 0 0 0 VICTOR SAYEGH 1.00 X 0 0 0 DAVID SNIDER 1.00 X 0 0 0 CATHERINE UPCHURCH 1.00 X 0 0 0 JEFFREY WOODWARD 1.00 X 0 0 0 RON LAW 40.00 X 60000 0 6624 60000 0 6624 0 0 0 0 0 97945 14171 109536 577 221652 TICKET SALES 711110 174274 174274 SEASON TICKETS 711110 53128 53128 CONCESSIONS 711110 27812 27812 FACILITY RENTALS 711110 10409 10284 125 STUDENT THEATRE GUILD 711110 4550 4550 270173 58 58 44 33 -44 -33 -77 -77 14128 14171 15635 -1507 -1507 MISCELLANEOUS INCOME 711110 973 973 ADVERTISING INCOME 541800 150 150 1123 491422 242159 125 27486 68939 26616 19817 22506 133313 51469 38322 43522 10392 4012 2987 3393 14225 5492 4089 4644 8000 8000 23 23 7200 6480 720 32874 32874 17325 14726 2599 20821 18739 2082 3344 3344 15858 14272 1586 27257 24531 2726 9449 8504 945 PLAY PRODUCTION EXPENSE 115635 115635 CONCESSIONS 14181 14181 REPAIRS & MAINTENANCE 11466 10319 1147 MISCELLANEOUS 7304 7304 517606 336491 104451 76664 48065 24629 7132 7698 16669 12933 843715 501606 332296 342109 3010 2925 407172 390294 10973 24632 47660 57492 282234 268124 340867 350248 X 63985 37726 2320 2320 66305 40046 407172 390294 X -26184 -75 X 0 1 1 X 0 X 248103 238387 205523 219035 221652 1132700 248103 238387 205523 219035 221652 1132700 25429 1107271 10117 19478 12078 51 58 41782 1522 125 1647 36826 1679 7838 4960 1123 52426 1228555 1144428 0.90130 0.86660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3010 -62 23 2925 2503 529 22 3010 2241 262 2503 2602 -351 2241 1.00000 1 0 1500 1500 720973 393765 327208 121242 107841 13401 342109 491422 517606 -26184 -75 -75 -26259 513477 -75 22120 33 22078 491399 23 23 491422 539736 22120 33 22153 517583 23 23 517606 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE THEATRE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE THEATRE RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. AS OF JUNE 30, 2012, THE TAX YEARS ENDED JUNE 30, 2009 THROUGH 2012 WERE OPEN FOR POTENTIAL EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2012 AND 2011. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET RECORDED AS EXPENSE ON AUDIT 33. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET RECORDED AS EXPENSE ON AUDIT 33. PART V, LINE 4 - USE OF ENDOWMENT FUNDS CONTRIBUTIONS TO THE TRUST ARE TO BE INVESTED IN PERPETUITY. INCOME EARNED CAN BE USED FOR GENERAL EXPENSES. DINER MURDER MYSTERY 10240 5587 4653 1075 3208 370 VALENTINE MURDER MYSTERY 18059 8584 9475 3486 5881 1615 28299 14171 14128 4561 9089 1985 15635 -1507 FORM 990, PART VI, SECTION A, LINE 1 IN ACCORDANCE WITH THE BY LAWS: IF A SITUATION ARISES REQUIRING IMMEDIATE ACTION, AND IT IS BETWEEN MEETINGS OF THE BOARD OR IT IS NOT PRACTICAL OR FEASIBLE FOR THE BOARD TO MEET, THEN THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE THEATRE, SUBJECT TO SUCH LIMITATIONS AS MAY BE REQUIRED BY LAW OR IMPOSED BY RESOLUTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE THE FOLLOWING CHANGES TO ITS BY LAWS DURING THE YEAR: 1) LANGUAGE REGARDING AUTHORITY OF THE EXECUTIVE COMMITTEE WAS UPDATED DURING THE YEAR. REFER TO THE ANSWER FOR PART VI, LINE 1 FOR THE REVISED LANGUAGE. 2) PREVIOUSLY, THE BY LAWS CONTAINED THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. DURING THE FISCAL YEAR, THE ORGANIZATION REMOVED THE POLICY FROM THE BY LAWS AND CREATED A SEPARATE POLICY. THE REVISED BY LAWS NOW STATE: 'AT ALL TIMES, THEATRE CHARLOTTE SHALL HAVE IN PLACE A CONFLICT OF INTEREST POLICY THAT APPLIES TO MEMBERS OF THE BOARD OF DIRECTORS AND THE MANAGEMENT EMPLOYEES OF THEATRE CHARLOTTE. IN ORDER TO AVOID CONFLICTS OF INTEREST OR APPEARANCES OF IMPROPRIETY, ALL BOARD MEMBERS AND EMPLOYEES SHALL BE INFORMED OF THIS POLICY AND COMPLIANCE WITH THIS POLICY SHALL BE REQUIRED OF ALL SUCH PERSONS.' FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THEATRE CHARLOTTE'S FORM 990 WAS REVIEWED IN DETAIL BY THE DIRECTOR OF BUSINESS AND A MEMBER OF THE BOARD'S FINANCE COMMITTEE. A HIGHER LEVEL PRESENTATION OF THE FORM 990 WAS CONDUCTED AT A MEETING OF THE BOARD OF DIRECTORS. THE FORM 990 WAS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE THEATRE'S CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND MANAGEMENT EMPLOYEES. EACH BOARD MEMBER AND OFFICER IS REQUIRED TO ANNUALLY COMPLETE AN ACKNOWLEDGEMENT OF THE THEATRE'S CONFLICT OF INTEREST POLICY. IN ACCORDANCE WITH THE THEATRE'S POLICY: IF A POTENTIAL CONFLICT OF INTEREST ARISES, THE BOARD MEMBER OR MANAGEMENT EMPLOYEE MUST DISCLOSE THE POTENTIAL CONFLICT TO THE BOARD OF DIRECTORS. FURTHER, THE BOARD MEMBER SHALL NOT VOTE ON ANY CONTRACT OR GRANT, AND NO MANAGEMENT EMPLOYEE SHALL PARTICIPATE IN THE SOLICITATION, NEGOTIATION, FORMATION, AWARD, ARBITRATION, MODIFICATION, OR SETTLEMENT OF ANY CONTRACT OR GRANT WHEN THE BOARD MEMBER OR MANAGEMENT EMPLOYEE STANDS TO BENEFIT, EITHER DIRECTLY OR INDIRECTLY FROM SUCH CONTRACT OR GRANT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE SHALL SET THE COMPENSATION OF THE EXECUTIVE DIRECTOR, SUBJECT TO THE BOARD'S REVIEW AND APPROVAL. THE PRESIDENT, WITH ASSISTANCE FROM THE GOVERNANCE CHAIR ANNUALLY COORDINATES A FORMAL WRITTEN REVIEW OF THE EXECUTIVE DIRECTOR'S PERFORMANCE WHICH INCLUDES FEEDBACK FROM THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR DETERMINING APPROPRIATE COMPENSATION WHICH IS VOTED ON BY THE FULL BOARD DURING THE ANNUAL BUDGETING PROCESS AND APPROVAL. THE THEATRE DOES NOT HAVE OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE THEATRE'S BYLAWS, CONFLICT OF INTEREST POLICY, WHISTLE-BLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -75.