2025-05-21T12:55:20-05:00 2024-07-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2023-08-01 426074882 TCR FOUNDATION TCRF 3194317706 102 3RD ST SE CO DEIGNAN CEDAR RAPIDS IA 52401 PAT DEIGNAN TREASURER 3194317706 2025-05-21 1 0 DAVID LITTLE P01480921 3193632697 2025-05-21 2023 2025-03-06 01:10:19Z X PAT DEIGNAN 102 3RD ST SE C/O DEIGNAN CEDAR RAPIDS IA 52401 55516 0 X N/A X 1931 IA TO MAINTAIN AND OPERATE REAL ESTATE USED BY THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC. A PUBLICLY SUPPORTED CULTURAL ORGANIZATION AND HOLD A MAJORITY OF ENDOWED FUNDS. 13 13 0 13 0 0 0 0 0 0 -9392 55516 0 0 -9392 55516 75000 425000 0 0 0 0 0 0 0 454511 448145 529511 873145 -538903 -817629 5434182 4883464 75000 13882434 5359182 -8998970 X TO MAINTAIN AND OPERATE REAL ESTATE USED BY THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC. A PUBLICLY SUPPORTED CULTURAL ORGANIZATION AND HOLD A MAJORITY OF ENDOWED FUNDS. 0 1 853796 425000 0 THEATRE BUILDING-THE ORGANIZATION OWNS AND MAINTAINS A THEATRE BUILDING WHICH HOUSES THE PERFORMANCES ARRANGED BY THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC., A PUBLICLY SUPPORTED 501(C)(3) EXEMPT ORGANIZATION AND HOLD A MAJORITY OF ENDOWED FUNDS. 853796 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X PAT DEIGNAN 3194317706 102 3RD ST SE CEDAR RAPIDS IA 52401 DEIGNAN PAT PRESIDENT/TREASURER 1.00 X X 0 0 0 RINGS RANDY VICE PRESIDENT 1.00 X X 0 0 0 ERENBERGER LEANN SECRETARY 1.00 0.80 X X 0 0 0 ABERNATHY TERRY DIRECTOR 1.00 X 0 0 0 CARROLL PATRICE DIRECTOR 1.00 0.50 X 0 0 0 DAVIS TERRI DIRECTOR 1.00 X 0 0 0 DAY MARY DIRECTOR 1.00 X 0 0 0 KLEIN JAMES DIRECTOR 1.00 X 0 0 0 LINGE DINA DIRECTOR 1.00 X 0 0 0 MCGRATH MURPHY DIRECTOR 1.00 0.80 X 0 0 0 OLSON TYLER DIRECTOR 1.00 0.80 X 0 0 0 RICHARDSON SARAH DIRECTOR 1.00 X 0 0 0 SMITH LEIGHTON DIRECTOR 1.00 0.80 X 0 0 0 HALLMAN KATIE EXECUTIVE DIRECTOR 0.00 40.00 X 0 107438 27440 0 107438 27440 0 0 0 0 0 24867 24867 30649 0 30649 30649 30649 55516 0 0 55516 425000 425000 10080 10080 2126 2126 7143 7143 4800 4800 423996 423996 873145 853796 19349 0 56346 43110 0 1030 10363852 7724842 3063006 2639010 2314830 2200314 5434182 4883464 75000 13882434 75000 13882434 X 4374156 -10084709 985026 1085739 5359182 -8998970 5434182 4883464 -817629 166911 -13707434 0 X 0 1 X 1 0 X X 1 THE COMMUNITY THEATRE OF CEDAR RAPIDS INC 420890913 10 1 425000 0 1 425000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: CONTROL IS VESTED IN THE SAME PERSONS THAT MANAGE THE SUPPORTED ORGANIZATION THROUGH CONTINUAL DIRECT CONTACT BETWEEN THE TWO ENTITY'S CONTROLLING PARTIES ON BOTH OPERATIONAL AND FINANCIAL MATTERS. THE GOVERNING BODY OF THE FILING ORGANIZATION INCLUDES SIX ANNUALLY APPOINTED DIRECTORS. ALL ANNUALLY APPOINTED DIRECTORS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF THE SUPPORTED ORGANIZATION. IN ADDITION, THERE IS MANDATORY BOARD OVERLAP BETWEEN THE FILING ORGANIZATION AND ITS SUPPORTED ORGANIZATION; THE OVERLAP DOES NOT REQUIRE A MAJORITY. 1937829 128014 75000 5537 1985306 1849769 170259 75000 7199 1937829 1916771 -59523 7479 1849769 1730884 343420 150000 7533 1916771 1718197 19560 6873 1730884 0.45311 0.54689 0.00000 1 0 250000 250000 9310773 7045037 2265736 585567 524605 60962 217512 155200 62312 2639010 GCRCF - CONSERVATIVE POOL 215008 F GCRCF - ENDOWMENT FUNDS 1985306 F 2200314 PAYABLE TO THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC 175000 CONTRIBUTED SHORT TERM LEASE 128624 CONTRIBUTED 40 YEAR LEASE 13578810 13882434 X 453945 166911 243461 410372 43573 11943 11943 55516 14812097 13950895 13950895 861202 11943 11943 873145 PART V, LINE 4: TO PROVIDE ON-GOING SUPPORT TO THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC., A PUBLICLY SUPPORTED CULTURAL ORGANIZATION. PART X, LINE 2: THE THEATRE AND FOUNDATION ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW, WHICH PROVIDES INCOME TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. THE INTERNAL REVENUE SERVICE (IRS) HAS NOT CLASSIFIED EITHER ENTITY AS A PRIVATE FOUNDATION. THE LLC IS CONSIDERED A DISREGARDED ENTITY FOR TAX REPORTING PURPOSES. ALL ACTIVITY OF THE LLC IS REPORTED WITHIN THE FOUNDATION'S TAX FILINGS. THE THEATRE AND FOUNDATION FILE INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ENTITIES HAVE DETERMINED THAT THEY ARE NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. 1 THE COMMUNITY THEATRE OF CEDAR RAPIDS INC 102 3RD ST SE CEDAR RAPIDS IA 52401 420890913 501(C)(3) 425000 0 TO SUPPORT THE PERFORMING ARTS 1 0 PART I, LINE 2: THE ORGANIZATION WORKS CLOSELY WITH THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC. TO ENSURE PROPER USAGE OF THE GRANT FUNDS. FORM 990, PART III, LINE 3 EFFECTIVE MARCH 22, 2024, THE FOUNDATION TRANSFERRED THE IOWA THEATRE BUILDING TO THE IOWA THEATRE BUILDING LLC, IN EXCHANGE FOR ALL LLC MEMBERSHIP UNITS. THE LLC THEN ENTERED INTO A LONG TERM LEASE OF THE IOWA THEATRE BUILDING TO THE THEATRE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE PRESIDENT, THE VICE-PRESIDENT, THE SECRETARY AND THE TREASURER OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE SHALL MEET UPON THE CALL OF THE PRESIDENT, WHO SHALL ALSO ACT AS CHAIRPERSON OF THE EXECUTIVE COMMITTEE, BETWEEN REGULAR MEETINGS OF THE BOARD, AND SHALL HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD AT SUCH MEETINGS. THE EXECUTIVE COMMITTEE SHALL REPORT ALL SUCH ACTIONS SO TAKEN AT THE NEXT MEETING OF THE BOARD AND OBTAIN RATIFICATION FROM THE BOARD OF SUCH ACTION. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE MARCH 21, 2024, THE FOUNDATION AMENDED THEIR ARTICLES OF INCORPORATION AND BYLAWS TO CHANGE THEIR NAME TO TCR FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE ANNUALLY APPOINTED DIRECTORS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS, OR OTHER COMPARABLE GOVERNING BODY, OF THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC., A PUBLICLY SUPPORTED CULTURAL ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY A PUBLIC ACCOUNTING FIRM. AFTER PREPARATION AND BEFORE BEING FILED WITH THE IRS IT WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS OFFICERS, DIRECTORS, AND TRUSTEES TO UPDATE THEIR INDIVIDUAL INTERESTS ANNUALLY. UPON ENTERING A TRANSACTION, IF A DIRECTOR HAS A CONFLICT OF INTEREST, SUCH DIRECTOR IS NOT PERMITTED TO VOTE ON THE MATTER. THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WILL DOCUMENT THE NAMES AND DETAILS RELATED TO ANY ACTUAL OR POTENTIAL CONFLICTS, INCLUDING BUT NOT LIMITED TO ACTIONS TAKEN TO ENSURE COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. IF THE ORGANIZATION DID HAVE COMPENSATED OFFICERS IT WOULD ADOPT A PROCESS THAT INCLUDED AN INDEPENDENT REVIEW, COMPARABILITY DATA AND TIMELY DOCUMENTATION OF THE DELIBERATION AND DECISION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IOWA THEATRE BUILDING LLC 102 3RD ST SE CEDAR RAPIDS IA 52401 LESSOR OF BUILDINGS IA 243461 2639010 TCR FOUNDATION THE COMMUNITY THEATRE OF CEDAR RAPIDS INC 102 3RD ST SE CEDAR RAPIDS IA 52401 420890913 PERFORMING ARTS IA 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 THE COMMUNITY THEATRE OF CEDAR RAPIDS INC B 425000 CASH