2026-04-15T10:04:34-05:00 2025-05-31 453705962 MORSE & CO PLLC 6060 S AMERICAN PL ST E TULSA OK 741354351 990 2024-06-01 730667485 TULSA BALLET THEATRE INC TULS 9187496030 1212 E 45TH PLACE TULSA OK 74105 MARCELLO ANGELINI CEO 9187496030 2026-04-15 1 1 JASON T COBB P01649298 9187491040 2024 2025-03-06 01:10:19Z MARCELLO ANGELINI 1212 E 45TH PLACE TULSA OK 74105 9550894 0 X WWW.TULSABALLET.ORG X 1956 OK TO PRESERVE AND CREATE WORKS OF BALLET AND EDUCATE THROUGH TRAINING AND OUTREACH. 48 47 84 347 0 0 6636657 5261451 2445856 3298484 149025 210765 -534526 -60114 8697012 8710586 188543 196180 0 0 3531271 3708547 0 0 442562 4577061 5033308 8296875 8938035 400137 -227449 23092141 23301224 1509803 1272825 21582338 22028399 X SEE SCHEDULE O 0 0 6037090 2407755 TULSA BALLET PRODUCES 8 SHOWS EACH SEASON INCLUDING BELOVED CLASSICS, MODERN MASTERPIECES, AND WORLD PREMIERE CREATIONS. THESE PERFORMANCES ANNUALLY REACH MORE THAN 40,000 INDIVIDUALS ACROSS THE REGION . IN ADDITION TO SERVING AS AN OFFICIAL CULTURAL AMBASSADOR FOR THE STATE WITH NATIONAL AND INTERNATIONAL PERFORMANCE TOURS, TULSA BALLET COLLABORATES WITH AND LEADS THE LOCAL AND GLOBAL ARTS INDUSTRIES. 1002356 969163 THE TULSA BALLET CENTERS FOR DANCE EDUCATION (TBCDE) OFFER DANCE TRAINING OF UNCOMPROMISING QUALITY. THE CURRICULUM EMPHASIZES CLASSICAL BALLET TECHNIQUE BASED ON THE RUSSIAN TRADITION OF TRAINING. WITH TWO LOCATIONS IN THE TULSA METRO, TBCDE 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 9 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. 337875 196180 1233 TULSA BALLET PROVIDES A VARIETY OF EDUCATIONAL AND PERFORMANCE OUTREACH PROGRAMS FOR THE COMMUNITY. THESE IMPORTANT PROGRAMS INCREASE ARTS ACCESS FOR UNDERFUNDED SCHOOLS, CLIENTS OF SOCIAL SERVICES, AND OTHER POPULATIONS WHO DO NOT TYPICALLY HAVE ACCESS TO ARTS EXPERIENCES. DANCE FOR JOY OFFERS AN IN-STUDIO BALLET CLASS FOR CHILDREN IN FOSTER CARE, ADOPTIVE, OR GUARDIANSHIP FAMILIES, AND INTRO TO DANCE TAKES DANCE PROGRAMS OUT INTO LOCAL AT-RISK SCHOOLS. THE HARDESTY FAMILY FOUNDATION'S CHILDREN'S SERIES BRINGS A CHILDREN'S BALLET PERFORMANCE TO EVERY 5TH GRADER IN TULSA PUBLIC SCHOOLS THROUGH THE KENNEDY CENTER'S NATIONAL ANY GIVEN CHILD PROGRAM. PARTNERS IN ART AND HOPE FOR THE HOLIDAYS PROVIDE FREE TULSA BALLET TICKETS FOR MAINSTAGE PERFORMANCES TO UNDERSERVED CHILDREN AND FAMILIES. IN TOTAL, TULSA BALLET'S OUTREACH PROGRAMS SERVE 10,000 PERSONS EACH YEAR. 7377321 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 1 123 0 1 84 1 0 0 0 0 0 0 0 0 0 0 X 48 47 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X PAULA WALTON 9183925902 1212 E 45TH PLACE TULSA OK 74105 MARY BARNES PRESIDENT EMERITUS 1.00 0.10 X 0 0 0 CHERYL FORREST PRESIDENT EMERITUS 1.00 0.10 X 0 0 0 RAMEZ HAKIM PRESIDENT EMERITUS 1.00 0.10 X 0 0 0 LEANNE HELMERICH PRESIDENT EMERITUS 1.00 0.10 X 0 0 0 BETTY PIRNAT PRESIDENT EMERITUS 1.00 0.10 X 0 0 0 HANNAH ROBSON PRESIDENT EMERITUS 1.00 0.10 X 0 0 0 GEORGIA SNOKE PRESIDENT EMERITUS 1.00 0.10 X 0 0 0 SKIP TEEL PRESIDENT EMERITUS 1.00 0.10 X 0 0 0 MOLLIE WILLIFORD PRESIDENT EMERITUS 1.00 0.10 X 0 0 0 BILLIE BARNETT CHAIR EMERTIUS 1.00 0.10 X 0 0 0 JANET SELSER CHAIR EMERTIUS 1.00 0.10 X 0 0 0 SUSIE WELLENDORF CHAIR EMERTIUS 1.00 0.10 X 0 0 0 ELIZABETH ABBATE DIRECTORS 1.00 0.10 X 0 0 0 LUDI BEASLEY DIRECTORS 1.00 0.10 X 0 0 0 LINDA BOOKER DIRECTORS 1.00 0.10 X 0 0 0 JUSTIN CARPENTER DIRECTORS 1.00 0.10 X 0 0 0 ANN SHANNON CASSIDY DIRECTORS 1.00 0.10 X 0 0 0 ANNIE CHANG DIRECTORS 1.00 0.10 X 0 0 0 ANDREA COOPER DIRECTORS 1.00 0.10 X 0 0 0 ROBYN DEVORE DIRECTORS 1.00 0.10 X 0 0 0 STEPHANIE FORREST DIRECTORS 1.00 0.10 X 0 0 0 SARAH GOULD DIRECTORS 1.00 0.10 X 0 0 0 JACQUI HAGLUND DIRECTORS 1.00 0.10 X 0 0 0 CATE HILDEBRAND DIRECTORS 1.00 0.10 X 0 0 0 RONNIE JOBE DIRECTORS 1.00 0.10 X 0 0 0 DAVID KARIMIAN DIRECTORS 1.00 0.10 X 0 0 0 JERRY LESSLEY DIRECTORS 1.00 0.10 X 0 0 0 DEBORAH LIN DIRECTORS 1.00 0.10 X 0 0 0 ANDREW MALATI DIRECTORS 1.00 0.10 X 0 0 0 KERRY MALONE DIRECTORS 1.00 0.10 X 0 0 0 CHARLOTTE MINDEMAN DIRECTORS 1.00 0.10 X 0 0 0 NICOLE MORGAN DIRECTORS 1.00 0.10 X 0 0 0 KATHLEEN PENCE DIRECTORS 1.00 0.10 X 0 0 0 HILARY PENROD DIRECTORS 1.00 0.10 X 0 0 0 FRAUKE PETERSEN DIRECTORS 1.00 0.10 X 0 0 0 DIRK PETERSON DIRECTORS 1.00 0.10 X 0 0 0 STEPHANIE REGAN DIRECTORS 1.00 0.10 X 0 0 0 CATHY REID DIRECTORS 1.00 0.10 X 0 0 0 SHERI STINSON DIRECTORS 1.00 0.10 X 0 0 0 CRYSTAL STOVALL DIRECTORS 1.00 0.10 X 0 0 0 LINDA STRONG DIRECTORS 1.00 0.10 X 0 0 0 BRIAN THOMAS DIRECTORS 1.00 0.10 X 0 0 0 JODY VIVION DIRECTORS 1.00 0.10 X 0 0 0 RICHELLE VOTH DIRECTORS 1.00 0.10 X 0 0 0 WALLY WHALING DIRECTORS 1.00 0.10 X 0 0 0 EDITH WILSON DIRECTORS 1.00 0.10 X 0 0 0 DIANA WOLFF DIRECTORS 1.00 0.10 X 0 0 0 TERRY ZANOVICH DIRECTORS 1.00 0.10 X 0 0 0 MARCELLO ANGELINI CEO 59.50 0.10 X 216556 0 9371 SCOTT BLACK MANAGING DIRECTOR 59.50 0.50 X 125901 0 778 342457 0 10149 2 0 1 0 UTP PRODUCTIONS PO BOX 3778 SALT LAKE CITY UT 84110 STAGEHANDS 191468 TPC STUDIOS 32 SOUTH LEWIS AVE TULSA OK 74104 EVENT PLANNING & DESIGN 188099 505 ARCHITECTS LLC 1631 SOUTH DELAWARE AVE TULSA OK 74104 BUILDING RENNOVATION 172786 3 626724 1203990 1009104 2421633 124696 5261451 TICKET SALES 711120 1826434 1826434 SCHOOL INCOME 711120 970396 970396 TOUR INCOME 711120 477716 477716 COSTUME AND SET RENTAL 711120 23938 23938 3298484 65078 65078 282368 34790 247578 247578 247578 145687 0 145687 145687 145687 252304 1203990 759155 -506851 -506851 12040 0 12040 12040 106917 46363 60554 60554 CHANGE-BENEFICIAL INT 711120 46898 46898 TICKET HANDLING FEES 711120 44681 44681 COMMISSIONS & FEES 711120 34986 34986 126565 8710586 3378151 0 70984 196180 196180 319426 155166 45015 119245 2693288 2078088 468086 147114 315618 263161 40310 12147 380215 294289 60508 25418 17487 17487 54069 54069 6509 6509 798170 798170 548380 431730 116650 291092 70080 221012 75953 75953 157021 157021 397225 358875 38350 278904 278904 6349 309 5839 201 10210 10210 817875 805275 12600 48532 19262 29270 PRODUCTION COSTS 870754 870754 SCHOOL / OUTREACH COSTS 419710 419710 WORKERS COMPENSATION 199641 180347 14049 5245 IN-KIND EXPENSE 16542 16542 18885 18885 8938035 7377321 1118152 442562 2842221 2320573 69119 65211 2507656 3008055 43367 63063 241610 229877 29740296 13685690 15845091 16054606 1375397 1381261 167680 178578 23092141 23301224 415303 539267 846314 733558 248186 1509803 1272825 X 16855378 16034929 4726960 5993470 21582338 22028399 23092141 23301224 X -227449 -65456 15677 723289 X 0 1 X 1 0 X 2793189 5893046 3562271 6636657 5261451 24146614 557913 1858742 2107355 2445856 3298484 10268350 3351102 7751788 5669626 9082513 8559935 34414964 1198979 762409 130400 126451 1166508 3384747 0 1198979 762409 130400 126451 1166508 3384747 31030217 334262 365459 36645 119146 347446 1202958 334262 365459 36645 119146 347446 1202958 308678 262439 571117 940410 734880 166654 619171 1449512 3910627 4625774 8852127 6181603 10083269 10356893 40099666 0.77380 0.75150 0.03000 0.03300 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2020 AMOUNT: $ 56,850. 2021 AMOUNT: $ 131,300. 2022 AMOUNT: $ 132,066. 2023 AMOUNT: $ 1,106,550. 2024 AMOUNT: $ 1,203,990. GROSS INCOME FROM GAMING - 2020 AMOUNT: $ 20,137. 2021 AMOUNT: $ 13,650. 2022 AMOUNT: $ 15,375. 2023 AMOUNT: $ 17,800. 2024 AMOUNT: $ 12,040. GROSS SALES OF INVENTORY - 2020 AMOUNT: $ 19,809. 2021 AMOUNT: $ 79,187. 2022 AMOUNT: $ 91,581. 2023 AMOUNT: $ 94,367. 2024 AMOUNT: $ 106,917. CHANGE IN VALUE OF BENEFICIAL INTEREST - 2020 AMOUNT: $ 251,630. 2021 AMOUNT: $ -94,284. 2022 AMOUNT: $ -77,405. 2023 AMOUNT: $ -617,552. 2024 AMOUNT: $ 46,898. MISCELLANEOUS - 2020 AMOUNT: $ 591,984. 2021 AMOUNT: $ 605,027. 2022 AMOUNT: $ 5,037. 2023 AMOUNT: $ 18,006. TICKET HANDLING FEES - 2024 AMOUNT: $ 44,681. COMMISSIONS FEES - 2024 AMOUNT: $ 34,986. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 12217503 10000 993095 700881 81769 12437948 11130163 25408 1802646 672962 67752 12217503 11586162 154408 51694 591809 70292 11130163 12748920 -607901 478057 76799 11586163 10614630 165089 2474800 433571 72028 12748920 0.16330 0.68600 0.15070 0 1 1 69096 3797636 3866732 2002658 17063878 9336288 9730248 1536114 1418579 117535 5270914 2930823 2340091 16054606 X PART III, LINE 4: TULSA BALLET 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 RUSSES 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 FUND CORPUS IN ORDER TO BUILD THE FUND BALANCE TO A LEVEL THAT IT MAY MEET FUTURE PRICE INCREASES. PART X, LINE 2: THE BALLET HAS ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION TOPIC ASC 740-10-25 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF MAY 31, 2025, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. ICONS & IDOLS 1316840 1203990 112850 444551 NUTCRACKER FESTIVAL 139454 139454 314604 1456294 1203990 252304 759155 759155 -506851 12040 0 12040 12040 OK 1 0 0 0 1.00000 STEVEN HARGROVE 1212 E 45TH PL TULSA OK 741054508 0 0 1 TBII SCHOLARSHIPS 17 196180 PART I, LINE 2: ALL STUDENTS ATTENDING THE TULSA BALLET II SCHOOL ARE GIVEN A STIPEND OF APPROXIMATELY $1,000 PER MONTH DURING THE SCHOOL SESSION TO HELP COVER LIVING EXPENSES. MONTHLY STIPENDS ARE ISSUED ONLY TO THOSE INDIVIDUALS CURRENTLY ENROLLED IN SCHOOL. X X X X 0 0 0 0 0 0 0 0 0 MARCELLO ANGELINI CEO 204556 0 12000 0 0 0 0 0 9371 0 225927 0 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR DETERMINING THE CEO'S 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 CEO'S CONTRACT. THE COMPENSATION COMMITTEE WORKS IN CONJUNCTION WITH THE CEO AND MANAGING DIRECTOR TO REVIEW AND APPROVE RECOMMENDED COMPENSATION LEVELS FOR MANAGING DIRECTOR AND ADMINISTRATIVE STAFF WHICH ARE ALSO BASED ON THE VARIABLES LISTED ABOVE, AS APPROPRIATE. THE RATIONALE AND DATA USED FOR ALL DECISIONS ARE DOCUMENTED BY THE COMMITTEE. RONNIE JOBE DIRECTOR 7158 BANK ACCOUNTS 0 PART IV LINE 1 RONNIE JOBE IS DIRECTOR OF INSTITUTIONAL INVESTMENT ADVISORS AT BANK OF OKLAHOMA. WE CURRENTLY HAVE 3 ACCOUNTS HELD AT BOK. THE ROBSON FUNDS WERE IN PLACE BEFORE RONNIE JOINED THE BOARD AND FEES ARE PAID QUARTERLY AT FAIR MARKET VALUE. THE TWO ADDITIONAL ACCOUNTS WERE ADDED IN RESPONSE TO EXTRA CASH ON HAND AND ARE IN A PROGRAM OPERATED BY STABLE WITH BOK ACTING AS AN AGENT. STABLE EARNS FEES BASED ON THE AMOUNT OF MONEY IN THE PROGRAM INCLUDING THE BALLET'S FUNDS. X 6 123617 X 1 1080 0 0 0 FORM 990, PART III, LINE 1 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. 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. FORM 990, PART VI, SECTION A, LINE 1A LINE 1A EXPLANATION - THE EXECUTIVE COMMITTEE IS AUTHORIZED TO EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE CORPORATION DURING THE INTERVALS BETWEEN BOARD MEETINGS. SIGNIFICANT INTERIM ACTIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD AT ITS NEXT MEETING AND SUBMITTED FOR RATIFICATION. THE EXECUTIVE COMMITTEE IS COMPOSED OF ALL ELECTED OFFICERS OF THE CORPORATION ALONG WITH CHAIRS OF ANY SPECIAL COMMITTEES AT THE DISCRETION OF THE CHAIR, PARLIAMENTARIAN, FOUNDING DIRECTORS, UP TO FOUR ADDITIONAL MEMBERS OF THE BOARD APPOINTED BY THE CHAIR TO SERVE AS ADVISORS AND ANY EX-OFFICIO DIRECTORS WHO HAVE BEEN AUTHORIZED BY THE BOARD TO SERVE ON THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - CHERYL FORREST IS THE MOTHER OF STEPHANIE FORREST. CHERYL FORREST IS A CHAIR EMERITUS AND STEPHANIE FORREST IS A DIRECTOR. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE MEMBERS OF TULSA BALLET THEATRE, INC. CONSIST OF ALL INDIVIDUALS,CORPORATIONS, LIMITED LIABILITY COMPANIES, PARTNERSHIPS, LIMITED PARTNERSHIPS, SOLE PROPRIETORSHIPS AND ANY OTHER LEGAL ENITIES 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 LINE 7A EXPLANATION - THE TULSA BALLET BOARD OF DIRECTORS IS MADE UP OF SEVEN CATEGORIES OF DIRECTORS: FOUNDING DIRECTORS, CHAIR EMERITUS DIRECTORS, THOSE DIRECTORS APPOINTED BY THE CHAIR, 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 11B LINE 11B EXPLANATION - 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 YEAR'S 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. ALL NOTED POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD OR APPLICABLE COMMITTEE TO DETERMINE IF A CONFLICT OF INTEREST DOES IN FACT EXIST. IN THE CASE OF AN ACTUAL CONFLICT OF INTEREST, THE CHAIR OF THE BOARD OR APPLICABLE COMMITTEE SHALL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO PROPOSED TRANSACTIONS OR ARRANGEMENTS. IF A MEMBER FAILS TO DISCLOSE A POSSIBLE OR ACTUAL CONFLICT OF INTEREST, THE BOARD OR APPLICABLE COMMITTEE SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR DETERMINING THE CEO 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 CEO CONTRACT. THE COMPENSATION COMMITTEE WORKS IN CONJUNCTION WITH THE CEO AND MANAGING DIRECTOR TO REVIEW AND APPROVE RECOMMENDED COMPENSATION LEVELS FOR MANAGING DIRECTOR, AND ARTISTIC/ADMINISTRATIVE STAFF 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: TRANSFER TBT TO TRUST FUND -21,808. TRANSFER TRUST FUND TO TBT 700,881. NET ASSET RECONCILIATION TO TBT 44,216. TULSA BALLET THEATRE TRUST FUND 1212 E 45TH PLACE TULSA OK 74105 731165420 SUPPORT ORGANIZATION OF TULSA BALLET OK 501(C)(3) LINE 12B TULSA BALLET THEATRE INC 1 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 679074 CASH