2023-11-30T14:03:47-07:00 2023-06-30 990 2022-07-01 341385037 TOLEDO CULTURAL ARTS CENTER INC TOLE 4192423490 410 ADAMS ST TOLEDO OH 43604 Abby Glanville Executive Director 4192144806 2023-11-27 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z VALENTINE THEATRE Abby Glanville 410 Adams Street Toledo OH 43604 2861845 0 X HTTPS://VALENTINETHEATRE.COM X 1982 OH THE TOLEDO CULTURAL ARTS CENTER, A NOT-FOR-PROFIT ORGANIZATION, PRODUCES AND PROVIDES CULTURAL AND PERFORMING ARTS EXPERIENCES FOR DIVERSE AUDIENCES OF ALL AGES IN THE CITY OF TOLEDO, LUCAS COUNTY, NORTHWEST OHIO AND SOUTHEAST MICHIGAN. 21 21 137 85 0 0 1141902 681734 782093 1035486 215806 156412 12479 23016 2152280 1896648 0 0 0 0 825933 860956 0 0 92846 931818 1216091 1757751 2077047 394529 -180399 8491733 8693481 192961 133336 8298772 8560145 THE TOLEDO CULTURAL ARTS CENRE INC PRODUCES AND PROVIDES CULTURAL AND PERFORMING ARTS EXPERIENCES FOR DIVERSE AUDIENCES OF ALL AGES, TO ENHANCE THE QUALITY OF THE CULTURAL AND ECONOMIC LIFE OF THE CITY OF TOLEDO, LUCAS COUNTY, NORTHWEST OHIO AND SOUTHEAST MICHIGAN. 0 0 700665 662554 WE PRESENTED A DIVERSE SELECTION OF PERFORMING ARTS EVENTS, RANGING FROM CHILDREN'S PROGRAMMING TO THEATRICAL BROADWAY. A TOTAL OF 102 EVENTS WERE PRESENTED IN THIS FISCAL YEAR, DRAWING 51,143 PATRONS TO THE VALENTINE THEATRE. 940766 372932 OPERATOR AND LANDLORD OF THE HISTORIC VALENTINE THEATRE. ACTIVITIES INCLUDE UPKEEP AND MAINTENANCE OF THE THEATRE. 0 0 0 1641431 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 25 0 1 137 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X X RUTH KILLE 4192144801 410 ADAMS STREET TOLEDO OH 43604 JORI JEX EXECUTIVE DIRECTOR 40 X 94744 0 2842 CLARE GORSKI CHAIRMAN 5 X 0 0 0 DAVID RECTENWALD VICE CHAIR 5 X 0 0 0 KRISTEN NICHOLSON SECRETARY 5 X 0 0 0 ALAN KLINE TREASURER 5 X 0 0 0 CARROLL ASHLEY TRUSTEE 1 X 0 0 0 MICHAEL AUST TRUSTEE 1 X 0 0 0 STEVE BOWE TRUSTEE 1 X 0 0 0 RICHARD L BERRY TRUSTEE 1 X 0 0 0 MELISSA FREEMAN TRUSTEE 1 X 0 0 0 KIMBERLY FINCH TRUSTEE 1 X 0 0 0 DANA LOEB TRUSTEE 1 X 0 0 0 DONNA OWENS TRUSTEE 1 X 0 0 0 THOMAS PALMER TRUSTEE 1 X 0 0 0 BRIAN MILLER MD TRUSTEE 1 X 0 0 0 MARC STOCKWELL TRUSTEE 1 X 0 0 0 JOSEPH SWEENEY TRUSTEE 1 X 0 0 0 ANNA TONEY TRUSTEE 1 X 0 0 0 TRACI WATKINS MD TRUSTEE 1 X 0 0 0 WILLIAM WOLFF TRUSTEE 1 X 0 0 0 MIRA RENDINA TRUSTEE 1 X 0 0 0 JIM STENGLE TRUSTEE 1 X 0 0 0 94744 0 2842 0 0 0 0 0 0 53678 104461 0 172352 351243 213017 681734 SHOW PRODUCTION 711300 662554 662554 0 0 THEATRE OPERATIONS 711300 372932 372932 0 0 0 0 0 0 1035486 204551 0 0 204551 0 0 0 0 0 0 0 0 0 0 730055 0 778194 0 -48139 0 -48139 0 0 -48139 76197 104461 131786 -55589 0 -55589 133822 55217 78605 0 0 78605 0 1896648 1035486 0 179428 X 100219 52144 23939 24136 643340 482793 143047 17500 30543 30543 0 0 21542 14969 6573 0 65312 33362 15820 16130 3393 3393 0 0 10250 0 10250 0 34036 0 34036 0 318593 299370 15401 3822 349380 331066 0 18314 52900 5507 47393 0 8898 0 8898 0 2552 2552 0 0 158956 148344 10612 0 24997 24717 270 10 7447 870 6485 92 1055 0 1055 0 127543 118615 8928 0 53444 53444 0 0 STAGE BACKLINE & LOBBY EXPENSES 26745 26745 0 0 VOLUNTEER/DONOR CAMPAIGN EXPENSES 12571 3783 0 8788 VALENTINE SCHOOL SHOW EXPENSES 8899 8899 0 0 OTHER EXPENSES 14432 315 10063 4054 2077047 1641431 342770 92846 458773 73101 336952 383266 31392 40815 10604 9568 73303 83341 3088149 1461923 1643310 1626226 5821006 6343504 116393 133660 8491733 8693481 34585 38842 119708 46945 38668 30978 0 16571 192961 133336 X 7878897 8163155 419875 396990 8298772 8560145 8491733 8693481 -180399 445657 -3885 0 0 0 X 1 X 0 1 0 X 556651 784129 1461696 1141902 681734 4626112 556651 784129 1461696 1141902 681734 4626112 4626112 233019 197022 173498 262673 204551 1070763 227514 96316 23054 73549 133822 554255 6251130 3409536 0.74004 0.72546 X Schedule A, Part II, Line 10 MISCELLANEOUS INCOME 2018-$227,514, 2019-$96,316, 2020-$23,054, 2021-$73,549, 2022-$133,822, 5 YEARS TOTAL $554,255 Schedule A, Part II, Line 12 SALE OF SERVICE PERFORMED 2018-$945,587, 2019-$602,523, 2020-$43,847, 2021-782,093, 2022-1,035,486. 5 YEARS TOTAL $3,409,536 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 113812 0 0 0 5781742 0 581903 0 19000 32154 6312491 6732829 0 -897754 0 18000 35333 5781742 5371904 418368 1407850 0 432735 32558 6732829 5444746 0 165620 0 210000 28462 5371904 5406069 0 274050 0 208500 26873 5444746 1 0 0 1 0 0 0 0 0 608600 361357 247243 0 1603942 438772 1165170 0 0 0 0 0 875607 661794 213813 1626226 OPERATING LEASE LIABILITY 16571 16571 X 2699426 445657 150367 0 0 596024 2103402 0 -206754 -206754 1896648 2438053 154252 0 0 206754 361006 2077047 0 0 0 2077047 Schedule D, Part III, Line 4 THE ART COLLECTIONS INCLUDE A MURAL OF $100,000 AND A PORTRAIT OF $13,812. THE MURAL WAS FUNDED BY THE PUBLIC TO PAY HOMAGE TO THE PERFORMERS WHO APPEARED AT THE TOLEDO CULTURAL ARTS CENTER, INC., ALSO KNOWN AS THE VALENTINE THEATRE SINCE IT OPENED IN 1895. THE PORTRAIT WAS TO HONOR THE FATHER OF THE FOUNDER WHOM THE THEATRE WAS NAMED AFTER. Schedule D, Part V, Line 4 THE ENDOWMENT FUND CONSISTS SOLELY OF BOARD-DESIGNATED FUNDS THAT ARE REVIEWED REGULARLY BY THE BOARD OF VALENTINE FOUNDATION, LLC. THE ENDOWMENT WAS SET UP TO PROVIDE THE ANNUAL SUPPORT FOR THE COSTS OF OPERATION AND MANAGEMENT OF THE TOLEDO CULTURAL ARTS CENTER PROPERTY. Schedule D, Part X, Line 2 - MANAGEMENT OF THE ORGANIZATION IS REQUIRED TO DETERMINE WHETHER A TAX POSITION OF THE ORGANIZATION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT OF THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. HOWEVER, MANAGEMENT'S CONCLUSIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, NEW TAX LAWS, REGULATIONS, AND ADMINISTRATIVE INTERPRETATIONS(INCLUDING RELEVANT COURT DECISIONS). THE ORGANIZATION'S FEDERAL TAX RETURNS FOR THE PRIOR THREE FISCAL YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. Schedule D, Part XI, Line 4b OTHER TOTAL ($206,754)=FUNDRAISING EVENT DIRECT EXPENSES ($131,786) +COGS ($55,217) + PNC SEAT TAX-PRESENTING ($4,809) + PNC SEAT TAX-RENTAL ($14,942) Schedule D, Part XII, Line 2d OTHER TOTAL $206,754=FUNDRAISING EVENT DIRECT EXPENSES $131,786 +COGS $55,217 + PNC SEAT TAX-PRESENTING $4,809 + PNC SEAT TAX-RENTAL $14,942 GALA 180658 104461 76197 0 0 0 14012 76150 41624 0 0 180658 104461 76197 0 0 0 14012 76150 41624 131786 -55589 X 2 100 FAIR MARKET VALUE X Hotel Stay 2 10698 FAIR MARKET VALUE X PRINTING & DESIGN 4 130179 FAIR MARKET VALUE X ADVERTISEMENT 3 61480 FAIR MARKET VALUE X MISCELLANEOUS 2 10560 FAIR MARKET VALUE 0 0 0 0 Form 990, Part VI, Section B, Line 11b A DRAFT OF THE 990 IS DISTRIBUTED VIA EMAIL TO THE FULL BOARD OF TOLEDO CULTURAL ARTS CENTER INC FOR THEIR REVIEW AND COMMENT. THE 990 IS REVISED BASED ON BOARD INPUT. BOTH THE BOARD CHAIR AND CHAIR OF THE FINANCE COMMITTEE HAVE TO REVIEW AND APPROVE BEFORE THE FILING. THE FINAL VERSION OF THE 990 IS MADE AVAILABLE TO THE BOARD UPON FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD EACH YEAR FOR THEIR REVIEW AND SIGNATURE. Form 990, Part VI, Section B, Line 15 COMPENSATION OF TCAC'S EXECUTIVE DIRECTOR IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD. SEVERAL FACTORS INCLUDING INDIVIDUAL PERFORMANCE, BUDGET PERFORMANCE, AND MARKET RATES OF COMPENSATION FOR SIMILAR SITUATED POSITIONS AND ORGANIZATIONS IN THE US ARE EVALUATED BY THE COMMITTEE. NO OTHER OFFICER OF TCAC IS COMPENSATED AND NO EMPLOYEES MEET THE CONDITIONS OF "KEY EMPLOYEE" LINE 15B-NO OTHER OFFICER OF TCAC IS COMPENSATED AND NO EMPLOYEES MEET THE CONDITIONS OF "KEY EMPLOYEE." Form 990, Part VI, Section C, Line 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST. ALSO, THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION ON ANOTHER'S WEBSITE WWW.GUIDESTAR.ORG. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE GENERALLY NOT PROVIDED TO THE PUBLIC, OTHER THAN THOSE REQUIRED TO BE DISCLOSED BY LAW. OTHER INFORMATION PERTAINING TO THE ORGANIZATION AND VALENTINE THEATRE CAN BE FOUND ON OUR WEBSITE AT HPPT://VALENTINETHEATRE.COM Form 990, Part IX, Line 11g (b)Program Services $299,370: Artist Fee $246,021 + Security-Presenting Shows $4,786 +Security-Rental Shows $11,770 + Casual Labor $36,058 + Lobby Security $735 (c)Management & General $15,401: Casual Labor $15,401 (d)Fundraising $3,822: Casual Labor $3,822 VALENTINE FOUNDATION LLC 410 ADAMS ST TOLEDO OH 43604 341385037 ENDOWMENT OH 236228 6312491 N/A