2025-06-11T16:31:01-05:00 2024-07-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2023-08-01 420890913 THE COMMUNITY THEATRE OF CEDAR RAPIDS INC COMM 3193668592 102 3RD ST SE CEDAR RAPIDS IA 52401 KATIE HALLMAN EXECUTIVE DIRECTOR 3193668592 2025-06-11 1 0 DAVID LITTLE P01480921 3193632697 2025-05-27 2023 2025-03-06 01:10:19Z THEATRE CEDAR RAPIDS KATIE HALLMAN 102 3RD ST SE CEDAR RAPIDS IA 52401 5518650 0 X WWW.THEATRECR.ORG X 1948 IA THEATRE CEDAR RAPIDS STRIVES TO CAPTIVATE AND INSPIRE THROUGH THE THEATRICAL AND PERFORMING ARTS. TCR'S VISION IS TO BE A CULTURAL POINT OF PRIDE, CONNECTION, INCLUSION, AND LEARNING, INVIGORATING GROWTH IN THE COMMUNITY. 22 22 42 305 1650 0 1124920 3410552 1303155 1822253 2280 17879 71171 147072 2501526 5397756 0 0 0 0 1236773 1321702 0 0 344249 1902028 2548673 3138801 3870375 -637275 1527381 3082380 18613342 1191200 1494763 1891180 17118579 THEATRE CEDAR RAPIDS STRIVES TO CAPTIVATE AND INSPIRE THROUGH THE THEATRICAL AND PERFORMING ARTS. TCR'S VISION IS TO BE A CULTURAL POINT OF PRIDE, CONNECTION, INCLUSION, AND LEARNING, INVIGORATING GROWTH IN THE COMMUNITY. 0 0 2135758 0 1880336 THEATER PRODUCTIONS: EACH YEAR, TCR WELCOMES OVER 40,000 VISITORS TO A ROBUST SEASON OF MUSICALS AND PLAYS WITH ADDITIONAL WORK, FROM NATIONAL CELEBRITY PERFORMERS TO COMEDY, BURLESQUE, AND MUCH MORE. THE FOLLOWING PRODUCTIONS WERE HELD:- 5 MAIN AUDITORIUM PRODUCTIONS FOR 70 PERFORMANCES- 3 GRANDON PRODUCTION FOR 37 PERFORMANCES- 2 BRUCEMORE PRODUCTIONS FOR 22 PERFORMANCES- 1 SPECIAL EVENTS FOR 2 PERFORMANCES- 12 RENTALS FOR 5 PERFORMANCES 154783 0 96313 EDUCATIONAL PROGRAMS: A TOTAL OF 990 YOUTH AND 89 ADULTS PARTICIPATED IN A RANGE OF VIRTUAL AND ONSITE EDUCATION PROGRAMS INCLUDING CLASSES AND CAMPS. 2290541 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 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 1 0 0 0 1 81 0 42 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KATIE HALLMAN 3193668592 102 3RD ST SE CEDAR RAPIDS IA 52401 OLSON TYLER PRESIDENT 0.80 1.00 X X 0 0 0 SMITH LEIGHTON VICE PRESIDENT 0.80 1.00 X X 0 0 0 MCGRATH MURPHY TREASURER 0.80 1.00 X X 0 0 0 ERENBERGER LEANN SECRETARY 0.80 1.00 X X 0 0 0 ATTY JIM DIRECTOR 0.50 X 0 0 0 BAXTER DAN DIRECTOR 0.50 X 0 0 0 CARROLL PATRICE DIRECTOR 0.50 1.00 X 0 0 0 FELL TRAVIS DIRECTOR 0.50 X 0 0 0 HANSON ERIC DIRECTOR 0.50 X 0 0 0 JENSEN MICHELLE DIRECTOR 0.50 X 0 0 0 KUNZ PATTI DIRECTOR 0.50 X 0 0 0 LANGDON ERIN DIRECTOR 0.50 X 0 0 0 LINK JESSICA DIRECTOR 0.50 X 0 0 0 LIVENGOOD HILERY DIRECTOR 0.50 X 0 0 0 MADSEN SARAH DIRECTOR 0.50 X 0 0 0 MERRITT MEGAN DIRECTOR 0.50 X 0 0 0 MOWINKLE MALLORY DIRECTOR 0.50 X 0 0 0 OLSEN TOBY DIRECTOR 0.50 X 0 0 0 PHELPS BECKY DIRECTOR 0.50 X 0 0 0 STREIT SUSIE DIRECTOR 0.50 X 0 0 0 STRELLNER SHELLY DIRECTOR 0.50 X 0 0 0 TERUKINA CATHY DIRECTOR 0.50 X 0 0 0 HALLMAN KATIE EXECUTIVE DIRECTOR 40.00 X 107438 0 27440 107438 0 27440 1 0 0 0 RYAN COMPANIES US INC 625 1ST ST SE STE 175 CEDAR RAPIDS IA 52401 CONSTRUCTION SERVICES 182228 1 27615 425000 254243 2703694 3410552 PRODUCTION REVENUE 711110 1443538 1443538 FACILITY RENTALS 532000 263572 263572 EDUCATIONAL PROGRAMS 711130 96313 96313 RESERVATION FEES 561499 17180 17180 ADVERTISING SALES 541800 1650 1650 1822253 4472 4472 13407 0 13407 13407 13407 0 27615 8974 -8974 -8974 247814 111920 135894 135894 OTHER REVENUE 711110 20152 20152 20152 5397756 1976649 1650 8905 146479 124506 14649 7324 939990 453642 347427 138921 14196 2135 11062 999 221037 48235 157683 15119 234778 234778 50905 50905 246368 213860 28441 4067 374871 189101 179962 5808 191750 56467 121198 14085 149260 78052 50751 20457 62622 32747 21292 8583 PRODUCTION AND ARTISTIC 554318 547968 4641 1709 CONTRACT SERVICES 487091 482221 3320 1550 CAPITAL CAMPAIGN EXPENS 121189 121189 EDUCATION PROGRAMS 57433 57433 18088 4174 9476 4438 3870375 2290541 1235585 344249 162748 248921 150000 1043365 4794 36384 3947 3947 106428 124771 1755616 799258 241893 956358 2412570 16199596 3082380 18613342 157559 401077 165417 230542 868224 863144 1191200 1494763 X 282497 -439881 1608683 17558460 1891180 17118579 3082380 18613342 X 1527381 -10826 13593388 117456 X X 0 1 X 1 0 X 815751 982412 2191879 1028606 3394758 8413406 775846 82652 1640982 1470719 1820603 5790802 1591597 1065064 3832861 2499325 5215361 14204208 42731 22575 25500 127700 63600 282106 0 42731 22575 25500 127700 63600 282106 13922102 9 19 87 2280 4472 6867 9 19 87 2280 4472 6867 7841 61599 40140 27056 20152 156788 1599447 1126682 3873088 2528661 5239985 14367863 0.96900 0.95910 0.00050 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GROSS RECEIPTS FROM FUNDRAISING EVENTS - 2019 AMOUNT: $ 5,120. 2020 AMOUNT: $ 1,829. GROSS RECEIPTS FROM GAMING - OTHER REVENUE - 2019 AMOUNT: $ 2,721. 2020 AMOUNT: $ 6,768. 2021 AMOUNT: $ 40,140. 2022 AMOUNT: $ 27,056. 2023 AMOUNT: $ 20,152. INSURANCE RECOVERY - 2020 AMOUNT: $ 53,002. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 158701 17273 7102 530 168342 158341 7729 6865 504 158701 164076 -5225 510 158341 141399 29695 6527 491 164076 243217 3691 104888 621 141399 1.00000 1 0 766151 766151 973393 787186 186207 16072 12072 4000 956358 INTEREST IN ASSETS OF TCR FOUNDATION 1085739 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 168341 PRESENT VALUE OF CONTRIBUTED LEASE 14008750 ROU ASSET, NET 761766 DUE FROM TCR FOUNDATION 175000 16199596 LEASE LIABILITY- FINANCING 863144 863144 X 19498919 -10826 13985559 126430 14101163 5397756 0 5397756 4271520 392171 8974 401145 3870375 0 3870375 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE THEATRE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS, THROUGH AN EXPENSE, IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE THEATRE'S COLLECTIONS ARE MADE UP OF A PENCIL SKETCH AND A REPLICA PAINTING. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALE TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART V, LINE 4: THE THEATER'S ENDOWMENT CONSISTS OF FUNDS TO SUPPORT THE GENERAL OPERATING NEEDS OF THE THEATRE. PART X, LINE 2: THE THEATRE IS 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 IRS HAS NOT CLASSIFIED THE THEATRE AS A PRIVATE FOUNDATION. THE THEATRE FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE THEATRE HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN ASSETS OF TCR FOUNDATION 100,713. CHANGE IN BENEFICIAL INTEREST 16,743. FUNDRAISING EXPENSE 8,974. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 8,974. LADIES LUNCHEON 27615 27615 8974 27615 27615 8974 8974 -8974 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THEN IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR, THE FINANCE DIRECTOR AND THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS WHICH INCLUDES THE BOARD TREASURER. A COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS AND THE FILING IS NOTED IN THE BOARD OF DIRECTORS' MINUTES. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS AND ALL FULL-TIME STAFF ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT DOCUMENTS THE RECEIPT AND UNDERSTANDING OF THE POLICY AND AGREEMENT TO COMPLY WITH THE POLICY. UPON ENTERING INTO A TRANSACTION AND A POTENTIAL CONFLICT OF INTEREST, THE MATTER IS DISCLOSED TO THE BOARD OF DIRECTORS AND THE INVOLVED DIRECTOR MAY NOT VOTE ON THE ISSUE. MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN INFORMATION RELATED TO AND KNOWN OR PERCEIVED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DISCUSSED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AFTER CONDUCTING AN ANNUAL PERFORMANCE REVIEW. THE COMPENSATION IS A LINE ITEM IN THE ANNUAL BUDGET THAT IS APPROVED BY THE BOARD OF DIRECTORS AND NOTED IN THE MINUTES. DURING THE 2007 NATIONAL JOB SEARCH FOR THE POSITION, SALARY INFORMATION FOR COMPARABLE POSITIONS (EXECUTIVE DIRECTORS, MANAGING DIRECTORS, AND/OR ARTISTIC DIRECTORS) WITH COMMUNITY THEATRES OF SIMILAR SIZE WERE OBTAINED TO ESTABLISH A BENCHMARK FOR THE POSITION. A SIMILAR COMPARISON WAS CONDUCTED IN 2016 PRIOR TO THE NATIONAL SEARCH FOR EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE CONSIDERS PERFORMANCE BENCHMARKS AND THE FINANCIAL ABILITY OF THE ORGANIZATION TO GRANT OVERALL COMPENSATION INCREASES CONSIDERING HISTORICAL FINANCIAL RESULTS AND A PROPOSED BUDGET. THE COMPENSATION OF THE EXECUTIVE DIRECTOR FOR THE YEAR ENDED JULY 31, 2024, WAS SUBJECT TO THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 16,743. NET CHANGE IN INTEREST IN ASSETS OF TCR FOUNDATION 100,713. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR. TCR FOUNDATION 201 FIRST ST SE C/O DEIGNAN CEDAR RAPIDS IA 52401 426074882 LESSOR OF BUILDING IA 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 TCR FOUNDATION C 425000 CASH