2024-01-16T12:23:27-06:00 2023-06-30 561131459 Stancil PC 4909 Windy Hill Drive Raleigh NC 27609 990 2022-07-01 561759337 Carolina Theatre of Durham Inc CARO 9195603070 309 West Morgan Street Durham NC 277012119 Randy McKay President and CEO 9195603070 2024-01-16 1 Randy McKay 999009999 0 Nicholas Lombardi Jr P00741321 9198721260 2024-01-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Randy McKay 309 West Morgan Street Durham NC 277012119 4022507 0 X www.carolinatheatre.org X 1992 NC The Carolina Theatre is committed to the telling of original, innovative stories and works. We provide a platform for artists to entertain through the creation of emotional and educational experiences that reshape hearts and minds. We are dedicated to the greater Durham and Triangle area while serving as a space to bring our diverse community together to learn about, participate in, and celebrate the arts. Our Education and Outreach programs attracted more than 10,000 attendees, including 8,000 K-12 students, while Film and Live events brought nearly 100,000 audience members to our historic theater. 18 18 106 130 0 0 2665059 541593 1756360 2768299 2029 84805 370893 438258 4794341 3832955 0 0 0 0 1671772 1799878 0 0 224578 962508 1356109 2634280 3155987 2160061 676968 4096389 5614445 1060606 1901694 3035783 3712751 X The Carolina Theatre welcomes everyone. We enrich the experience of audiences through programming that drives the cultural, educational, and economic vitality of the region. 0 0 1018622 1593363 Live Performances: Carolina Theatre of Durham is dedicated to presenting vibrant, thought-provoking live performances that contribute to the cultural and economic vitality of downtown Durham and the Triangle area. To this end, CTD presents local and national artists which it books directly or in partnership with other promoters like National Shows 2. CTD hosted 64 Live Performances, selling 49,000 tickets, featuring a diverse array of artists and genres. 728114 619659 Film: CTD presents a wide range of art house current release films and the classic Retro Film Series. In FY 2023, the Retro Film series attracted audiences of about 16,000. Additionally, the film department curates multiple film festivals with screenings seen by more than 6,500 moviegoers, including the Outsouth Queer Film Festival. General Films attracted audiences of about 13,300. 561565 832983 Facility Sharing: CTD rents its venues and provides turnkey technical and box office services to local arts organizations like the Chamber Orchestra of the Triangle, The Savoyards, and the Triangle Youth Ballet. CTD also rents its venues to other promoters enriching and involving our community, like Murray & Peter Present, as well as schools like Durham Public Schools and Durham Tech Community College. CTD hosted 125 rental events in FY 2023. 385538 143610 Education and Outreach includes the Arts Discovery Educational Series (ADES) and the Family Saturday Series (FSS). ADES presents performing touring artists to students, PreK-12. CTD provides a limited number of free tickets to the Durham Public School System and deeply discounted tickets for Title One schools and the general public. The FSS presents local performing artists specially selected to appeal to parents and children. In FY 2023 ADES and FSS presented 24 performances, which together with programs like the Durham All County Orchestra, masterclasses, and Q&A with DPAC generated total attendance of about 10,600. 385538 143610 2693839 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 120 0 106 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X X Steve Lebowitz 9195603070 309 West Morgan Street Durham NC 277012119 Emily Hill Immediate Past Chair 1.00 X 0 0 0 Debbie McDermott Director 1.00 X 0 0 0 Lexie Vaughn Vice-Chair 1.00 X X 0 0 0 Bill Brian Director 1.00 X 0 0 0 Ashley Pieraccini Development Committee Chair 1.00 X 0 0 0 Katey Rich Secretary & Chair-Elect 1.00 X X 0 0 0 Kasey Decosimo Director 1.00 X 0 0 0 Jennifer Donner Director 1.00 X 0 0 0 DeDreana Freeman Director 1.00 X 0 0 0 Rob Gofourth Director 1.00 X 0 0 0 Kenneth Hinton Director 1.00 X 0 0 0 Mig Murphy Sistrom Director 1.00 X 0 0 0 Deirdre Guion Peoples Chair 1.00 X X 0 0 0 Angie Santiago Director 1.00 X 0 0 0 Nimasheena Burns Director 1.00 X 0 0 0 Steve Bartlett Treasurer 1.00 X X 0 0 0 Josephine Davis Director 1.00 X 0 0 0 Tynetta Walker Director 1.00 X 0 0 0 Randy McKay President & CEO 40.00 X 135855 0 7281 Steve Lebowitz CFO 40.00 X 96397 0 615 232252 0 7896 1 0 0 0 0 X 37167 504426 541593 City Management Fee 711190 732566 732566 Other Earned Income 711190 604477 604477 Service Income 711190 543788 543788 Rental Income 711190 478208 478208 Ticket Sales 711190 409260 409260 2768299 84805 84805 54353 37167 37411 16942 16942 573457 152141 421316 421316 3832955 3189615 0 101747 X 246200 128281 78399 39520 1438462 1268205 24264 145993 142692 95319 35305 12068 -27476 -21068 396 -6804 165 165 38129 38129 299986 290831 8488 667 27976 26297 1679 222263 209858 6658 5747 135202 108780 12670 13752 99799 99799 227917 217028 6175 4714 9964 2971 6993 20842 16632 219 3991 91077 84632 4447 1998 23093 8480 14613 Ticketing Fees 108595 108595 Miscellaneous 42223 40895 505 823 Licenses and Fees 6498 6036 142 320 Signage & Lobby Display 2380 2268 2 110 3155987 2693839 237570 224578 2252128 1747812 1258313 3082418 5500 0 134465 0 19579 18896 41656 67345 955551 464692 367508 490859 17240 207115 4096389 5614445 365023 446089 139698 234077 555885 1221528 1060606 1901694 X 3005694 3669266 30089 43485 3035783 3712751 4096389 5614445 676968 0 X 0 1 X 1 0 X 629684 434520 421233 473419 541593 2500449 2557545 2362452 792290 2199942 3341755 11253984 3187229 2796972 1213523 2673361 3883348 13754433 0 0 0 13754433 3 5533 994 2029 84805 93364 3 5533 994 2029 84805 93364 113777 57880 4760 40805 217222 3301009 2860385 1219277 2716195 3968153 14065019 0.97790 0.96500 0.00660 0.00070 X Schedule A, Part III, Line 12, Explanation of Other Income: Other Income - 2019 Amount: $ 21,356. 2020 Amount: $ 4,760. 2021 Amount: $ 40,805. Handling Fees - 2018 Amount: $ 113,777. 2019 Amount: $ 16,604. Ticketmaster rebates - 2019 Amount: $ 19,920. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 879433 420518 458915 76118 44174 31944 490859 Amounts held for others 1221528 1221528 X 4032562 7450 192157 199607 3832955 0 3832955 3355594 7450 192157 199607 3155987 0 3155987 Part X, Line 2: The Theatre qualifies as a 501(c)(3) charitable organization as defined by the Internal Revenue Code and, accordingly, is exempt from federal income tax under Internal Revenue Code Section 501(a). Additionally, since the Theatre is publicly supported, contributions made to the Theatre qualify for the maximum charitable contribution deduction under the Internal Revenue Code. The Theatre is also exempt from North Carolina state income tax. Management has analyzed tax positions taken by the Theatre and concluded that, as of June 30, 2023 and 2022, there were no uncertain tax positions taken or expected to be taken. Accordingly, no tax, interest, or penalties related to uncertain tax positions have been accrued in the accompanying financial statements. Part XI, Line 2d - Other Adjustments: Fundraiser expenses, included in Audited Functional Exp. Statement Employee Retention Credit income, included as a reduction of expenses on 990 Part XII, Line 2d - Other Adjustments: Fundraiser expenses, included in Audited Functional Exp. Statement Employee Retention Credit income, included as a reduction of expenses on 990 Live Performance 91520 37167 54353 4190 7437 17501 8283 91520 37167 54353 4190 7437 17501 8283 37411 16942 Form 990, Part VI, Section B, line 11b Initial draft is prepared by outside CPA firm based on audited financial statements and other information. Detailed review performed by the CFO. Review performed by Treasurer and draft form distributed to the finance committee for review and approval before being distributed to the Board of Trustees for their review and comments (if any). Form 990, Part VI, Section B, line 12c The Conflict of Interest process and policy were reviewed in the September 2022 Board Meeting, and 100% of Board Members provided signed COI policies. Form 990, Part VI, Section C, line 18 The most recent Form 990 is available upon request. The Form 1023, originally filed in 1992, is not currently available. A request has been made to the IRS for a copy to be made available as soon as possible. Form 990, Part VI, Section C, line 19 No other documents are available to the public. Form 990, Part VIII, Line 2b Other Earned Income: Box Office Fees including Convenience, Order and Shipping Fees on ticket sales. Form 990, Part IX, line 11g Artist Fees: Program service expenses 111,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 111,050. Cleaning and Security Costs: Program service expenses 55,060. Management and general expenses 0. Fundraising expenses 0. Total expenses 55,060. Other: Program service expenses 124,721. Management and general expenses 8,488. Fundraising expenses 667. Total expenses 133,876.