2011-07-14T17:30:49-05:00 2010-08-31 WISAN SMITH RACKER & PRESCOTT LLP 132 PIERPONT AVENUE SUITE 250 SALT LAKE CITY UT 84101 990 2009-09-01 870513186 PARK CITY PERFORMING ARTS FOUNDATION PARK 4356553114 PO BOX 1297 PARK CITY UT 84060 TERI ORR 4356553114 2011-07-06 true GREGORY G PRAWITT 8013282011 2011-07-06 2009 2016-02-24 21:20:13Z TERI ORR PO BOX 1297 PARK CITY UT 84060 2028053 false X WWW.ECCLESCENTER.ORG X 1994 UT TO PROVIDE ARTISTIC PRODUCTIONS TO THE PARK CITY COMMUNITY FOR ARTISTIC AND EDUCATIONAL PURPOSES. 8 8 9 75 0 1140984 1085010 484907 531176 3061 97655 87293 1723546 1706540 0 0 651650 539147 0 90140 1245475 1067948 1897125 1607095 -173579 99445 585286 539750 706494 561513 -121208 -21763 TO PROVIDE ARTISTIC PRODUCTIONS TO THE PARK CITY COMMUNITY FOR ARTISTIC AND EDUCATIONAL PURPOSES. false false 1324118 TO BRING ARTISTIC PERFORMANCES TO PARK CITY AND EDUCATE THE PUBLIC. 1324118 true true false false false false false false false true false false false false false false false false true false false false false false false false false true false false false false false false false false false false false false false true 19 0 true 9 true false false false false false true true false false false 8 8 false false false false false false false true false false true true true true true true false false false UT X TERI ORR 4356558252 PO BOX 1297 PARK CITY UT 84060 NANCY GARRISON 7.00 X 0 0 0 GREG BROWN 7.00 X 0 0 0 DONNA GRUNEICH 7.00 X 0 0 0 MILES MCGRANE 7.00 X 0 0 0 KAREN TERZIAN 7.00 X 0 0 0 JENNI SMITH 7.00 X 0 0 0 DICK GARY 7.00 X 0 0 0 KELLY STARKEY 7.00 X 0 0 0 TERI ORR 80.00 X 116963 0 5868 116963 5868 1 false false false 14175 66054 188059 816722 11400 1085010 EVENT TICKET SALES 711300 531176 531176 531176 3061 3061 87293 87293 87293 87293 321513 66054 321513 1706540 531176 90354 113710 68226 11371 34113 331367 231957 66273 33137 59584 41709 11917 5958 34486 23353 6110 5023 10474 5199 5275 261027 261027 122870 122870 5586 1435 4151 1956 1956 54439 38381 16058 7443 7443 8825 8825 EVENT COSTS 299824 299824 STUDENT TECH/OUTREACH 100000 100000 STAGE MATERIALS 52319 52319 BAD DEBTS 49774 49774 TELEPHONE 37968 32592 5376 55443 36401 7133 11909 1607095 1324118 192837 90140 79057 15171 229 130737 242154 347719 422 1272 128090 114783 20750 13307 137109 137109 585286 539750 188228 133381 62600 254131 225908 201535 202224 706494 561513 X -121208 -146763 125000 -121208 -21763 585286 539750 X true false true X false X 1402757 1368164 1655972 993784 1085010 6505687 763348 830090 707398 484907 531176 3316919 2166105 2198254 2363370 1478691 1616186 9822606 149000 118000 702870 731859 555068 2256797 149000 118000 702870 731859 555068 2256797 7565809 75075 145221 25600 93905 90354 430155 75075 145221 25600 93905 90354 430155 1378 7500 3750 12628 2242558 2343475 2396470 1576346 1706540 10265389 0.73700 0.78780 0.04000 0.04000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 14884 5431 9453 97420 93566 3854 15786 15786 13307 STATUES 137109 137109 LINES OF CREDIT 124752 SECURITY DEPOSIT 72600 ACCRUED EXPENSES 4872 202224 DOGS OF BARK CI 387567 66054 321513 10000 15423 600 295490 387567 66054 321513 10000 15423 600 295490 321513 225908 EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS HELP TAKE TICKETS, SET UP CHAIRS, AND USHER AT VARIOUS EVENTS. THEY ARE ALSO TRAINED IN EMERGENCY EVACUATION PROCEDURES. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11 THE EXECUTIVE DIRECTOR REVIEWS THE RETURN AND THEN MEETS WITH THE BOARD MEMBERS TO FURTHER DISCUSS AND REVIEW THE RETURN BEFORE IT IS FILED. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION HAS SET GUIDELINES FOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. IT IS EXPECTED THAT THE BOARD MEMBERS WILL FOLLOW THE GUIDELINES. IF THERE IS A CHANGE AND A BOARD MEMBER IS IN CONFLICT, THEY ARE REQUIRED TO NOTIFY THE BOARD SO PROPER ACTION CAN BE TAKEN. IF NO ONE REPORTS ANY CHANGES, IT IS ASSUMED THERE ARE NO CONFLICTS OF INTEREST. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONAL INFORMATION SCHEDULE O FORM 990, SCHEDULE L, PART II - LOANS TO AND/OR FROM INTERESTED PERSONS THE LOAN FROM BARBARA ZIMONJA REPRESENTS AN AMOUNT THAT WAS ORIGINALLY FOR THE ORGANIZATION'S LINE OF CREDIT THROUGH THEIR BANK. THE BALANCE WAS CONVERTED TO A TERM NOTE IN MARCH 2004 WHICH WAS STILL IN THE NAME OF THE ORGANIZATION. IN MAY 2005, THE NOTE WAS REFINANCED AND ASSUMED BY BARBARA ZIMONJA, REQUIRING MONTHLY PAYMENTS OF 7,792 INCLUDING PRINCIPAL AND INTEREST, STARTING FROM JULY 1, 2005, WITH FINAL BALLOON PAYMENT DUE JUNE 1, 2010. THE INTEREST RATE IS PRIME PLUS 0.5%. THE ORGANIZATION SIMULTANEOUSLY ASSUMED AN OBLIGATION TO THE FORMER BOARD MEMBER UNDER THE SAME TERMS AND IS MAKING ALL APPLICABLE DEBT PAYMENTS ON THE REFINANCED NOTE TO THE BANK. THE ORGANIZATION CONTINUED MAKING PAYMENTS TO MS. ZIMONJA THROUGH OCTOBER 31, 2009. SHE PAID PRINCIPAL AND INTEREST MONTHLY ON THE NOTE FROM NOVEMBER 1, 2009 TO JANUARY 31, 2010. MS. ZIMONJA DEFAULTED ON THE NOTE IN FEBRUARY 2010. IN JULY 2010, SHE NEGOTIATED WITH THE BANK A 12-MONTH LOAN FORBEARANCE AGREEMENT WITH A PRINCIPAL BALANCE OF 225,908, ANNUAL INTEREST RATE AT 7.0%, WITH MONTHLY INTEREST PAYMENTS OF 1,318. THE ORGANIZATION HAS PLEDGED TO PAY THE MONTHLY INTEREST PAYMENTS THROUGH JUNE 2011. THERE IS NO BENEFIT TO BARBARA ZIMONJA ON THIS TRANSACTION AND THEREFORE NOT SUBJECT TO ANY TAXES FOR SELF-DEALING.