2024-11-07T16:29:10-06:00 2023-12-31 860683059 BEACHFLEISCHMAN PLLC 1985 E RIVER ROAD SUITE 201 TUCSON AZ 85718 990 2023-01-01 860965120 FOX TUCSON THEATRE FOUNDATION FOXT 5206241515 PO BOX 1008 TUCSON AZ 857021008 BONNIE SCHOCK EXECUTIVE DIRECTOR 5206241515 2024-11-07 1 1 MONICA A VERA CPA P01456278 5203214600 2024-11-07 2023 2024-10-15 13:58:12Z BONNIE SCHOCK PO BOX 1008 TUCSON AZ 857021008 6374320 0 X WWW.FOXTUCSON.COM X 1999 AZ YEAR-ROUND OPERATION OF THE HISTORIC FOX TUCSON THEATRE AS A VITAL, CHERISHED PERFORMANCE VENUE. 17 17 48 120 0 0 4227786 2298348 2771915 3457633 -323 10932 206138 419968 7205516 6186881 0 0 0 0 1177703 1401753 30000 228000 437053 3273326 4397686 4481029 6027439 2724487 159442 13008607 12750451 2958437 2861073 10050170 9889378 THE FOX TUCSON THEATRE ENLIVENS TUCSON, FOSTERING COMMUNITY GROWTH AND CONNECTIONS BY SHAPING EXCEPTIONAL, LIVE ARTS EXPERIENCES IN A CELEBRATED SETTING. 0 0 4947081 3769472 THE HISTORIC FOX TUCSON ORIGINALLY OPENED IN 1930 AS SOUTHERN ARIZONA'S PREMIER MOVIE PALACE. FOLLOWING A MULTI-YEAR RENOVATION PROJECT, IT REOPENED AS A SPECTACULAR LIVE EVENTS FACILITY ON DECEMBER 31, 2005. LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES AND KNOWN THROUGHOUT THE U.S. AS A THEATRE OF RARE BEAUTY, THE VENUE BOASTS ONE-OF-A-KIND SOUTHWESTERN ART-DECO DECOR AND NEAR PERFECT ACOUSTICS. TODAY, THE BELOVED, STATE OF THE ART FACILITY OFFERS A YEAR-ROUND MIX OF LIVE ENTERTAINMENT ACROSS A WIDE RANGE OF DISCIPLINES, CLASSIC AND CONTEMPORARY FILM, COMMUNITY EVENTS, AND EDUCATION ACTIVITIES AND PERFORMANCES SERVING NEARLY 100,000 ANNUALLY AND GENERATING AN ECONOMIC IMPACT OF MORE THAN $7 MILLION IN DOWNTOWN TUCSON. THE FOX IS TRULY "THE PLACE TO BE," JUST AS SHE WAS IN 1930. 4947081 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 45 0 1 48 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X MARK HOOVER 5205478605 30 N CHURCH AVENUE TUCSON AZ 85701 JENNIFER CHENAULT DIRECTOR 0.50 X 0 0 0 MARTA HOLL DIRECTOR 0.50 X 0 0 0 NEIL HOLSTAD DIRECTOR 0.50 X 0 0 0 PAUL LINDSEY DIRECTOR 0.50 X 0 0 0 NANCY MARCH DIRECTOR 0.50 X 0 0 0 ANDREW MCWHIRTER DIRECTOR 0.50 X 0 0 0 ANDREW MESHEL DIRECTOR 0.50 X 0 0 0 CATHERENE MORTON DIRECTOR 0.50 X 0 0 0 THOMAS ROBERTSON DIRECTOR 0.50 X 0 0 0 TERENCE RUDKIN DIRECTOR 0.50 X 0 0 0 JOANN SABBAGH DIRECTOR 0.50 X 0 0 0 TERRI SAINT PIERRE DIRECTOR 0.50 X 0 0 0 BRENT L DAVIS PAST PRESIDENT 1.00 X X 0 0 0 BRUCE DUSENBERRY PRESIDENT 2.00 X X 0 0 0 DAVID VOLK VICE PRESIDENT 1.00 X X 0 0 0 FRANK FILIPO TREASURER 1.00 X X 0 0 0 SHERRY DOWNER SECRETARY 1.00 X X 0 0 0 BONNIE SCHOCK EXECUTIVE DIRECTOR 40.00 X 140196 0 23793 140196 0 23793 1 0 1 0 PROVENTURES INC PO BOX 2103 CORTARO AZ 85652 MEDIA, PUBLIC RELATIONS & MARKETING 452199 SWAIM ASSOCIATES LTD 7350 E SPEEDWAY 210 TUCSON AZ 85710 ARCHITECTURAL SERVICES 324146 ALEXANDER CARRILLO CONSULTING 1735 E FORT LOWELL ROAD SUITE 10 TUCSON AZ 85719 FUNDRAISING CONSULTING 228000 RHINO ARIZONA LLC PO BOX 1678 TEMPE AZ 85280 PRODUCTION LABOR 180509 4 226348 769433 1302567 136944 2298348 THEATRE OPERATIONS 713990 3457633 3457633 3457633 14340 14340 3408 -3408 -3408 -3408 61549 226348 69399 -7850 -7850 405993 114632 291361 291361 TERMINATION OF LEASE 900099 115979 115979 MISCELLANEOUS REVENUE 900099 20478 20478 136457 6186881 3769472 0 119061 154809 77405 38702 38702 1074749 822336 147322 105091 78807 57642 16883 4282 93388 68598 14018 10772 7162 7162 40038 40038 228000 228000 543300 482930 60370 505730 479202 1424 25104 36858 18688 13932 4238 119058 101345 15918 1795 250912 178893 72019 14405 12331 847 1227 13752 5708 3129 4915 104212 104137 75 105511 61196 44315 22206 22206 THEATRE EVENT COSTS 2376715 2369803 44 6868 BANK CHARGES 148690 11400 134974 2316 REPAIRS AND MAINTENANCE 63114 63114 SUPPLIES 27109 22965 851 3293 18914 9388 9076 450 6027439 4947081 643305 437053 739411 774852 658184 958716 7023 84299 22070 26166 47884 52399 4689773 894125 3892502 3795648 7641533 7058371 13008607 12750451 233343 215985 801750 1079382 1923344 1565706 2958437 2861073 X 10033556 9834385 16614 54993 10050170 9889378 13008607 12750451 X 159442 -320234 X 0 1 X 1 0 X 884923 1486801 2824103 4227786 2298348 11721961 884923 1486801 2824103 4227786 2298348 11721961 220624 11501337 129 266 14340 14735 127829 0 17810 0 0 145639 1129154 115979 1245133 13127468 12615735 0.87610 0.86510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1198958 1198958 2739044 393100 2345944 751771 501025 250746 3795648 INVESTMENT IN ARIZONA FOX THEATRE 7045871 LIQUOR LICENSE 12500 7058371 RENTAL DEPOSITS 25706 STONE BUILDING LOAN 1540000 1565706 X PART X, LINE 2: FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER BOTH FEDERAL INTERNAL REVENUE CODE SECTION 501(C)(3) AND ARIZONA INCOME TAX LAWS, AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER INTERNAL REVENUE CODE SECTION 509(A)(1). INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE, HOWEVER, MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME (UBTI). ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES IS MADE. THEATRE HAS ELECTED TO BE CLASSIFIED AS AN ASSOCIATION AND, THEREFORE, IS TAXABLE AS A CORPORATION. DEFERRED TAX ASSETS AND LIABILITIES ARE RECORDED BASED ON THE DIFFERENCES BETWEEN THE CONSOLIDATED FINANCIAL STATEMENT AND TAX BASIS OF ASSETS AND LIABILITIES AND THE TAX RATES IN EFFECT WHEN THESE DIFFERENCES ARE EXPECTED TO REVERSE. MANAGEMENT HAS NOT RECORDED ANY BENEFIT FROM THE DEFERRED TAX ASSET RESULTING FROM NET OPERATING LOSSES AS ITS REALIZATION IS NOT ASSURED. FROM TIME TO TIME, THE ORGANIZATION MAY BE SUBJECT TO INTEREST AND PENALTIES ASSESSED BY VARIOUS TAXING AUTHORITIES, WHICH HAVE HISTORICALLY BEEN INSIGNIFICANT. PENALTIES ARE CLASSIFIED AS OTHER EXPENSES AND INTEREST AS INTEREST EXPENSE, IF THEY OCCUR. X X X X X X X 1 ALEXANDER CARILLO CONSULTING 1735 E FORT LOWELL ROAD SUITE 10 TUCSON AZ 85719 CAPITAL CAMPAIGN CONSULTING 0 1291984 228000 1063984 1291984 228000 1063984 CHASING RAINBOWS GALA 287897 226348 61549 2585 24625 3503 38686 287897 226348 61549 2585 24625 3503 38686 69399 -7850 X X X 0 0 0 0 0 0 0 0 0 BONNIE SCHOCK EXECUTIVE DIRECTOR 127196 0 13000 0 0 0 3458 0 20335 0 163989 0 0 0 X 2 126397 FAIR MARKET VALUE X AUCTION ITEMS 24 8224 FAIR MARKET VALUE X CATERING 4 2323 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. A DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW AND COMMENT PRIOR TO COMPLETION. A COPY IS THEN PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING AND IS REVIEWED AT THE NEXT REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C NEW BOARD MEMBERS ARE INTERVIEWED FOR POTENTIAL CONFLICTS OF INTEREST AND PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. DIRECTORS ARE ALSO REQUIRED TO ANNUALLY ACKNOWLEDGE RECEIPT OF THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE FOUNDATION ENGAGED A NONPROFIT EXECUTIVE SEARCH FIRM IN 2019 TO CONDUCT A NATIONAL SEARCH FOR ITS NEW EXECUTIVE DIRECTOR. THE FIRM ADVISED THE BOARD ON CURRENT INDUSTRY STANDARDS, AND COMPARABLE COMPENSATION PACKAGES FOR SIMILAR ORGANIZATIONS IN SIMILAR MARKETS. THIS WORK SUPPORTED THE BOARD IN NEGOTIATING EXECUTIVE COMPENSATION CONTRACT ENTERED INTO FOR THE NEWLY HIRED EXECUTIVE WHO STARTED IN MARCH OF 2020. STAFF COMPENSATION IS BASED ON PAY RANGES INDICATED IN JOB DESCRIPTIONS, SET BASED ON INDUSTRY STANDARDS AND PERFORMANCE EXPECTATIONS. ANNUAL REVIEW OF ALL EMPLOYEES, INCLUDING COMPENSATION REVIEW, IS CONDUCTED BY DIRECT SUPERVISORS AND APPROVED BY EXECUTIVE DIRECTOR PER ORGANIZATIONAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY ADJ FOR LOSSES OF WHOLLY-OWNED SUBSIDIARY -320,234. ARIZONA FOX THEATRE LLC PO BOX 1008 TUCSON AZ 85702 203000878 REAL ESTATE MANAGEMENT AZ FOX TUCSON THEATRE FOUNDATION C 5860513 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0