2026-03-31T15:03:15-05:00 2025-06-30 934792291 SORREN INC 395 SW BLUFF DR SUITE 200 BEND OR 97702 990 2024-07-01 911829147 TOWER THEATRE FOUNDATION INC TOWE 5413170700 PO BOX 1378 BEND OR 97709 BRIAN AUGUST EXECUTIVE DIRECTOR 5413170700 2026-03-31 1 0 BENJAMIN P MILLER CPA P01449600 5413824791 2026-03-31 2024 2025-03-06 01:10:19Z BRIAN AUGUST PO BOX 1378 BEND OR 97709 2633359 0 1 X WWW.TOWERTHEATRE.ORG X 1997 OR TO BE CENTRAL OREGON'S LEADING PERFORMING ARTS ORGANIZATION, PROVIDING CULTURAL & EDUCATION PROGRAMS THAT MAKE ESSENTIAL CONTRIBUTIONS TO THE REGION'S LIFESTYLE & STRENGTH OF COMMUNITY. 13 13 48 130 0 0 849567 870842 1623173 1711690 57582 47111 3300 3716 2533622 2633359 23372 23596 0 0 1142525 1396691 0 0 218684 1302957 1314570 2468854 2734857 64768 -101498 3976006 3976583 848979 951054 3127027 3025529 TO BE CENTRAL OREGON'S LEADING PERFORMING ARTS ORGANIZATION, PROVIDING CULTURAL & EDUCATION PROGRAMS THAT MAKE ESSENTIAL CONTRIBUTIONS TO THE REGION'S LIFESTYLE & STRENGTH OF COMMUNITY. 0 0 1784548 1715406 THE THEATRE WAS UTILIZED FOR A WIDE VARIETY OF CULTURAL EVENTS DURING THE YEAR. 5% OF THE THEATRE'S LICENSEES WERE NONPROFIT ORGANIZATIONS. 109919 8596 COMMUNITY ENGAGEMENT 205794 15000 EDUCATION 2100261 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 OR X JASON BURKE 8132200412 PO BOX 1378 BEND OR 97709 SAM DAVIS DIRECTOR 1.00 X 0 0 0 ANTHONY ALBERTAZZI DIRECTOR 1.00 X 0 0 0 BEVERLEY MAUL SECRETARY 1.00 X X 0 0 0 GARY GALLAGHER CHAIR 1.00 X X 0 0 0 PHIL GAMMEL DIRECTOR 1.00 X 0 0 0 MICHAEL GESME DIRECTOR 1.00 X 0 0 0 STAN FRIDSTEIN DIRECTOR 1.00 X 0 0 0 DOUG OAS DIRECTOR 1.00 X 0 0 0 KAREN WOODRUFF TREASURER 1.00 X X 0 0 0 ANN RHOADS DIRECTOR 1.00 X 0 0 0 VALERIE WILSON DIRECTOR 1.00 X 0 0 0 MICHAEL BEVAN VICE CHAIR 1.00 X X 0 0 0 PATTY HALSEY DIRECTOR 1.00 X 0 0 0 RAY SOLLEY EXECUTIVE DIRECTOR 40.00 X 148748 0 0 148748 0 0 1 0 0 0 0 267624 603218 35146 870842 EVENTS AND RELATED INC 711110 878768 878768 IN HOUSE PRESENTING 711110 598348 598348 TICKET OFFICE 711110 234574 234574 1711690 47111 47111 OTHER 711110 3716 3716 3716 2633359 1715406 0 47111 X 23596 23596 148748 96686 34212 17850 1144553 750014 260727 133812 103390 70950 18723 13717 3347 3347 38201 28630 9571 14164 3673 10391 100 146891 126049 13895 6947 43 43 139702 139702 34622 29710 3275 1637 ARTISTIC EXPENSE 453342 453342 MERCHANT AND TICKET FEE 122466 116098 6368 PROFESSIONAL FEES 73150 13282 54887 4981 CONCESSION EXPENSES 68513 68513 220129 180016 16412 23701 2734857 2100261 415912 218684 28355 132162 1445773 1119741 34635 40000 9292 31419 26028 4594420 2211798 2357912 2382622 77912 266738 3976006 3976583 207189 144334 399628 387732 164250 152250 77912 266738 848979 951054 X 3107573 3015345 19454 10184 3127027 3025529 3976006 3976583 -101498 0 X X 0 1 X 1 0 X 492466 1301477 805468 849567 870842 4319820 492466 1301477 805468 849567 870842 4319820 11281 4308539 51 145 11232 57582 47111 116121 4435941 6046681 0.97130 0.97610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 202844 202844 3842059 1875225 1966834 549517 336573 212944 2382622 RIGHT-OF-USE LEASE ASSET 266738 266738 LEASE LIABILITY 266738 266738 X 2660959 27600 27600 2633359 0 2633359 2762457 27600 27600 2734857 0 2734857 PART X, LINE 2: 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, 2025, OR JUNE 30, 2024, 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 2021. 1 SCHOLARSHIPS TO STUDENTS CONTINUING THEIR STUDIES IN THE ARTS. 3 15000 X 6 35146 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C PERIODIC REVIEWS BY THE BOARD; AUTHORITY TO APPOINT A DISINTERESTED PERSON TO INVESTIGATE, REQUIREMENT FOR PERIODIC REVIEWS FORM 990, PART VI, SECTION B, LINE 15A 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, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE THEATRE'S ADMINISTRATIVE OFFICES LOCATED AT PO BOX 1378 BEND, OR 97709. FORM 990, PART IX, LINE 24E JANITORIAL AND CUSTODIAL: PROGRAM SERVICE EXPENSES 53,249. MANAGEMENT AND GENERAL EXPENSES 6,362. FUNDRAISING EXPENSES 2,122. TOTAL EXPENSES 61,733. IN-HOUSE PRESENTING EXPENSES: PROGRAM SERVICE EXPENSES 49,373. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,373. REPAIRS AND MAINTENACE: PROGRAM SERVICE EXPENSES 37,233. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,233. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 25,056. MANAGEMENT AND GENERAL EXPENSES 2,762. FUNDRAISING EXPENSES 1,381. TOTAL EXPENSES 29,199. LICENSES AND FEES: PROGRAM SERVICE EXPENSES 11,029. MANAGEMENT AND GENERAL EXPENSES 3,357. FUNDRAISING EXPENSES 1,917. TOTAL EXPENSES 16,303. MEMBERSHIPS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 11,399. TOTAL EXPENSES 11,399. PRINTING: PROGRAM SERVICE EXPENSES 3,896. MANAGEMENT AND GENERAL EXPENSES 906. FUNDRAISING EXPENSES 4,257. TOTAL EXPENSES 9,059. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,859. FUNDRAISING EXPENSES 2,611. TOTAL EXPENSES 4,470. EDUCATION AND TRAINING: PROGRAM SERVICE EXPENSES 180. MANAGEMENT AND GENERAL EXPENSES 1,166. FUNDRAISING EXPENSES 14. TOTAL EXPENSES 1,360. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO EITHER THE OVERSIGHT OR SELECTION PROCESS IN THE CURRENT YEAR.