2013-09-12T12:24:54-05:00 2012-10-31 232932984 PARENTEBEARD LLC 220 REGENT COURT SUITE C STATE COLLEGE PA 16801 990 2011-11-01 680490220 STATE THEATRE INC STAT 8142720606 130 WEST COLLEGE AVE STATE COLLEGE PA 16801 ROY LOVE 8142720606 2013-09-11 1 RICK BAIR CPA P00062995 8142376586 2013-09-11 2011 2016-02-24 21:20:13Z LISA PETERS 1186538 0 X WWW.THESTATETHEATRE.ORG X 2001 PA WE ARE A VIBRANT, INCLUSIVE THEATRE, OFFERING OUR VENUE AS A COMMUNITY STAGE, A CENTER FOR LOCAL, REGIONAL AND INTERNATIONAL PERFORMERS, AN EXPERENTIAL LEARNING ENVIRONMENT, AND A RESPONSIVE PHILANTHROPIC SPACE. 0 10 0 0 0 0 80102 132084 1098091 1044237 0 0 -12902 1308 1165291 1177629 0 0 0 0 442204 479312 0 0 24984 1047638 988240 1489842 1467552 -324551 -289923 6641094 6537156 2917479 3103464 3723615 3433692 X WE ARE A VIBRANT, INCLUSIVE THEATRE, OFFERING OUR VENUE AS A COMMUNITY STAGE, A CENTER FOR LOCAL, REGIONAL, AND INTERNATIONAL PERFORMERS, AN EXPERIENTIAL LEARNING ENVIRONMENT, AND A RESPONSIVE PHILANTHROPIC SPACE. 0 0 924942 1054334 THE STATE THEATRE OPENED IN DECEMBER 2006 AS A COMMUNITY OWNED AND OPERATED PERFORMING ARTS CENTER. WE ARE LOCATED IN DOWNTOWN STATE COLLEGE, ACROSS THE STREET FROM PENN STATE UNIVERSITY. THE STATE THEATRE IS THE ONLY COMMUNITY OWNED AND OPERATED PERFORMING ARTS CENTER IN CENTRE COUNTY. WE JUST COMPLETED OUR TENTH YEAR OF OPERATIONS ON OCTOBER 31ST. OUR PRIMARY ACTIVITIES AND THE PURPOSE OF THE ORGANIZATION HAS BEEN CONSISTENT. WE ARE HERE TO PROVIDE A VENUE FOR COMMUNITY PERFORMING ARTS GROUPS AND INDIVIDUALS. MORE AND MORE LOCAL ORGANIZATIONS HAVE BEGUN UTILIZING THE THEATRE FOR THEIR EVENTS. AS STATED IN OUR APPLICATION, WE HAVE SEEN THEATRICAL ORGANIZATIONS COME OF AGE AND BOOK THE THEATRE, LOCAL FILM MAKERS PREMIER THEIR WORK AT THE STATE AND OTHER ARTS ORGANIZATIONS GROW CONSIDERABLY BECAUSE THEY NOW HAVE A HOME. WE CONTINUE TO PROVIDE CULTURAL EXPERIENCES BY PRESENTING NATIONAL AND INTERNATIONAL TOURING ARTISTS AND INTERNATIONAL AND INDEPENDENT CINEMA AS WELL. 924942 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X COMPANY 8142720606 STATE COLLEGE STATE COLLEGE PA 16801 RICHARD BIEVER 50.00 X 51458 0 0 LISA PETER 5.00 X 0 0 0 BRAD SCOVILL 5.00 X 0 0 0 TIMOTHY MARSHALL 5.00 X 0 0 0 BRUCE APPLEBAUM 5.00 X 0 0 0 DON BEDELL 5.00 X 0 0 0 THOMAS BUTLER 5.00 X 0 0 0 LINDA BROWN 5.00 X 0 0 0 MICHAEL DESMOND 5.00 X 0 0 0 TOM KING 5.00 X 0 0 0 NADINE KOFMAN 5.00 X 0 0 0 51458 0 0 0 0 0 0 0 10325 9000 112759 132084 TICKET SALES 711110 745923 745923 PRODUCTION INCOME 711110 298314 298314 1044237 120 8909 -8789 -8789 OTHER INCOME 711110 10097 10097 10097 1177629 1054334 0 -8789 51458 51458 336173 106616 229557 53859 14811 39048 37822 10401 27421 31157 14782 16375 44229 44229 32864 9701 14554 8609 34012 22675 11337 20064 20064 209723 139815 69908 12908 8605 4303 SHOW EXPENSES 494891 494891 CONCESSIONS 35425 35425 DUES AND SUBSCRIPTIONS 30406 30406 SERVICE EXPENSE 22160 22160 20401 7367 13034 1467552 924942 517626 24984 37517 8747 21012 24178 3317 3772 9375 7654812 1230871 6569873 6423941 0 76518 6641094 6537156 105290 152731 48411 58561 6000 7500 2450000 2435000 307778 449672 2917479 3103464 X 3723615 3433692 3723615 3433692 6641094 6537156 -289923 0 X X 1 0 1 X 0 X 486466 144084 193884 80102 132084 1036620 486466 144084 193884 80102 132084 1036620 1036620 1732 6728 5448 690 10097 24695 1061315 5376852 0.97670 0.99390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 600000 600000 6471475 1048876 5422599 583337 181995 401342 6423941 DEPOSITS AND PAYROLL LIABILITIES WITHHELD 18974 CONSTRUCTION PAYABLES 430698 449672 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED A PRIVATE FOUNDATION. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2012. THE ORGANIZATIONS FEDERAL INCOME TAX RETURNS FOR THE YEARS ENDED OCTOBER 31, 2011, 2010, AND 2009 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IVAN SEGEL X 7500 7500 0 1 0 7500 FORM 990, PART VI, SECTION A, LINE 8B NO DECISIONS BY A COMMITTEE ARE BINDING TO THE BOARD OF DIRECTORS. COMMITTEES ARE ADVISORY ONLY. THUS, MINUTES OF EVERY MEETING OF EVERY COMMITTEE ARE NOT MAINTAINED. FORM 990, PART VI, SECTION B, LINE 11 OUR PROCESS IS THE EXECUTIVE DIRECTOR AND OFFICE MANAGER COMPLETE THE 990 INFORMATIONAL CHECKLIST. ALL WRITTEN MATERIAL IS THEN REVIEWED BY THE AUDIT COMMITTEE, A SUB COMMITTEE OF THE FINANCE COMMITTEE. ONCE APPROVED, IT IS PASSED ALONG TO THE FINANCE COMMITTEE FOR APPROVAL AND THEN SENT TO THE ENTIRE BOARD OF DIRECTORS FOR A FORMAL VOTE OF APPROVAL. ALL DIRECTORS, COMMITTEE MEMBERS, AND INDIVIDUALS WILL HAVE ACCESS TO THE WRITTEN INFORMATIONAL CHECKLIST AND 990 DRAFT BEFORE SUBMITTAL TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST POLICY ANNUALY. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AT THE THEATRE'S MAIN OFFICE. FORM 990, PART XII, LINE 2C NO CHANGE IN PROCESS DURING THE CURRENT YEAR.