2025-02-17T08:56:38-06:00 2024-06-30 621093134 JOHNSON MURPHEY & WRIGHT PC 301 NORTH MARKET STREET CHATTANOOGA TN 37405 990 2023-07-01 474405861 THE TIVOLI THEATRE FOUNDATION INC TIVO 4237575580 399 MCCALLIE AVENUE CHATTANOOGA TN 37402 CAROL SEAL TREASURER 4237575580 2025-02-17 1 0 MARIANNE HART GREENE CPA P01217461 4237561170 2023 2025-03-06 01:10:19Z CAROL SEAL 399 MCCALLIE AVENUE CHATTANOOGA TN 37402 17323147 0 X WWW.TIVOLICHATTANOOGA.COM X 2014 TN PRESERVE, RESTORE, AND OPERATE THREE HISTORIC LANDMARKS TO IMPROVE QUALITY OF LIFE IN CHATTANOOGA 22 22 30 0 0 0 8895823 3302805 10640634 11816872 266629 625970 681801 1076076 20484887 16821723 3500 0 0 0 2371702 1911806 0 0 280449 12043022 11268556 14418224 13180362 6066663 3641361 25038713 30609041 2341724 4272735 22696989 26336306 X THE CORPORATION SHALL, BY ITSELF OR IN AFFILIATION WITH OTHER ENTITIES, OWN, HOLD, LEASE, OPERATE, MAINTAIN, RENOVATE, AND IMPROVE CERTAIN REAL PROPERTY KNOWN AS THE TIVOLI THEATRE, THE SOLDIERS & SAILORS MEMORIAL AUDITORIUM, INCLUDING THE ROBERT KIRK WALKER COMMUNITY THEATRE, AND THE TIVOLI CENTER (COLLECTIVELY, THE "VENUES") LOCATED IN CHATTANOOGA, TENNESSEE, IN ORDER TO (A) TO PROVIDE PERFORMING ARTS VENUES FOR THE COMMUNITY AND OTHER ENTITIES AND INDIVIDUALS FOR ARTISTIC AND EDUCATIONAL ACTIVITIES; (B) TO PRESERVE AND RESTORE THE VENUES AS HISTORICAL LANDMARKS, IF APPROPRIATE; (C) TO LEASE THE TIVOLI CENTER (OR PARTS THEREOF) TO THIRD PARTIES AND OTHER CHARITABLE ORGANIZATIONS IN SUPPORT OF THE CORPORATION'S MISSION; AND (D) TO PROVIDE THE GENERAL PUBLIC WITH A GREATER AWARENESS, APPRECIATION, AND UNDERSTANDING OF THE THEATRICAL AND PERFORMING ARTS. 1 0 12509013 12892948 OPERATION OF TWO HISTORIC PERFORMING ARTS VENUES IN CHATTANOOGA, TN, THE TIVOLI THEATRE AND SOLDIERS AND SAILORS MEMORIAL AUDITORIUM; TO OVERSEE THE FUNDRAISING EVENTS AND DIRECTION OF THE FACILITIES. (DOES NOT INCLUDE IN-KIND EXPENSES OF $24,000) 12509013 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 97 0 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X SARA WILLIAMS 4237575580 399 MCCALLIE AVENUE CHATTANOOGA TN 37402 W KEITH SANFORD CHAIR 4.00 X X 0 0 0 ANDY MULDOON VICE CHAIR 4.00 X X 0 0 0 SUSAN RICH SECRETARY 4.00 X X 0 0 0 BRENT GOLDBERG EXECUTIVE COMMITTEE MEMBER 4.00 X X 0 0 0 BOB MCKENZIE EXECUTIVE COMMITTEE MEMBER 4.00 X X 0 0 0 HENRY ALDRIDGE PHD DIRECTOR 1.00 X 0 0 0 CARMEN DAVIS DIRECTOR 1.00 X 0 0 0 ALICE DAVENPORT DIRECTOR 1.00 X 0 0 0 BYRON KELLY DIRECTOR 1.00 X 0 0 0 CAROL SEAL TREASURER 4.00 X X 0 0 0 SHALIN TEJANI DIRECTOR 1.00 X 0 0 0 CAROLINE WALKER DIRECTOR 1.00 X 0 0 0 STEVE ZABEL DIRECTOR 1.00 X 0 0 0 DR KELLY ARNOLD DIRECTOR 1.00 X 0 0 0 JERRY MITCHELL DIRECTOR 1.00 X 0 0 0 JUSTIN ROBERTSON DIRECTOR 1.00 X 0 0 0 KELLY LEDFORD DIRECTOR 1.00 X 0 0 0 DONNA HARRISON DIRECTOR 1.00 X 0 0 0 TOM MONTAGUE DIRECTOR 1.00 X 0 0 0 TRAVIS MCDONOUGH DIRECTOR 1.00 X 0 0 0 JULIA BURSCH EXECUTIVE COMMITTEE MEMBER 1.00 X X 0 0 0 LAURA SCOREY DIRECTOR 1.00 X 0 0 0 NICHOLAS A WILKINSON EXECUTIVE DIRECTOR CEO 40.00 X 273630 0 0 DAVID HOLSCHER COO-BOOKING/PROJECT MANAGER 40.00 X 225091 0 0 SARA M WILLIAMS CFO 24.00 X 121605 0 0 COURTNEY E KEENE COO-EVENTS/OPERATIONS 40.00 X 140618 0 0 760944 0 0 4 0 1 0 OUTSOURCE STAFFING LLC PO BOX 4516 CHATTANOOGA TN 37405 SHOW STAFF 827575 AUTUMN SMILE US TOUR LLC 260 WEST 44TH ST STE 600 NEW YORK NY 10036 ARTIST AGENT 541218 BAKER DONELSON BEARMAN CALDWELLS & BERK 633 CHESTNUT ST STE 1900 CHATTANOOGA TN 37450 LEGAL 366531 EMPORIUM PRESENTS LLC 652 W IRIS DR STE 201 NASHVILLE TN 37204 PROMOTION COMPANY 279863 OUTBACK PRESENTS LLC 209 TENTH AVE SOUTH STE 503 NASHVILLE TN 37203 ARTIST AGENT 265679 5 1657434 1645371 79655 3302805 TICKET SALES 711110 10510744 10510744 THEATRE RENT & FEES 711110 1277015 1277015 EDUCATION PROGRAM 711110 29113 29113 11816872 624932 624932 1038 0 1038 1038 1038 1577500 501424 1076076 1076076 16821723 12892948 0 625970 X 508746 391735 76312 40699 927102 720998 139098 67006 67077 57015 6708 3354 253552 215520 25355 12677 155329 132030 15533 7766 793080 774230 18850 31065 31065 31766 31766 9005519 8973101 32418 32035 24329 7706 76407 2253 39143 35011 146055 146055 334169 334169 3491 1585 1906 40499 26554 13945 391064 391064 37090 37090 EQUIPMENT & SUPPLIES 154278 142205 7070 5003 TAXES & LICENSES 111215 111215 FUNDRAISING EXPENSES 39574 39574 EDUCATION 3659 3659 37590 24206 13384 13180362 12509013 390900 280449 169217 260482 12480178 16684076 2525009 2113875 165809 323676 39742 58680 46104 49739 12887585 1783991 9595552 11103594 17102 14919 25038713 30609041 348181 1037594 1993543 3235141 2341724 4272735 X 20216130 22212478 2480859 4123828 22696989 26336306 25038713 30609041 3641361 -2044 0 X X 0 1 X 1 1 1 X 1315053 2457352 13333492 8895823 3302805 29304525 24000 24000 24000 24000 24000 120000 1339053 2481352 13357492 8919823 3326805 29424525 1893565 27530960 27660 930 2972 202018 624932 858512 37719 1000 38719 30321756 44319403 0.90800 0.94580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ARTIST MERCHANDISE REVENUE - 2019 AMOUNT: $ 37,719. OTHER - 2020 AMOUNT: $ 1,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 48000 0 0 48000 0 PART II-B, LINE 1: ENGAGED THE INGRAM GROUP TO STATE ABREAST OF SOME LEGISLATION RELATING TO THE CABARET ACT WHICH COULD POTENTIALLY RESTRICT OUR ABILITY TO PLAYOFF CERTAIN SHOWS. ALSO, WE REACHED OUT TO LEGISLATORS TO ASK THEM TO CONSIDER DIRECT STATE SUPPORT OF OUR RESTORATION PROJECT. 2044414 754866 1289548 3392158 871643 2520515 7451013 157482 7293531 11103594 X 17345103 -2044 24000 21956 17323147 -501424 -501424 16821723 13705786 24000 501424 525424 13180362 0 13180362 PART X, LINE 2: THE ENTITY ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITION BASED ON A MORE LIKELY THAN NOT THRESHOLD OF THE RECOGNITION OF THE TAX POSITION BEING SUSTAINED BASED ON THE MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION IS DEEMED TO BE UNCERTAIN, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A PROBABILITY ASSESSMENT. TAX POSITIONS INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THERE WERE NO UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS AT YEAR-END. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -501,424. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 501,424. X 0 0 0 0 0 0 0 0 0 NICHOLAS A WILKINSON EXECUTIVE DIRECTOR CEO 273630 0 0 0 0 0 0 0 0 0 273630 0 0 0 DAVID HOLSCHER COO-BOOKING/PROJECT MANAGER 225091 0 0 0 0 0 0 0 0 0 225091 0 0 0 X 6 79655 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): TOTAL OF SIX SEPERATE GIFTS, DETAILED AS FOLLOWS: ONE DONOR CONTRIBUTED 54 SHARES OF AAPL STOCK IN NOVEMBER 2023 WITH FMV $10,281 AND 78 SHARES OF AAPL STOCK IN DECEMBER 2023 WITH FMV $15,441; THESE COUNT AS TWO SEPARATE GIFTS. ONE DONOR CONTRIBUTED 258 SHARES OF AAPL STOCK IN DECEMBER 2023 WITH FMV $50,122. ONE DONOR CONTRIBUTED 5 SHARES OF LPL FINANCIAL HOLDINGS IN JANUARY 2024 WITH FMV $1,198 AND 17 SHARES OF SCHWAB US LARGE-CAP GROWTH IN MARCH 2024 WITH FMV $1,567; THESE COUNT AS TWO SEPARATE GIFTS. ONE DONOR CONTRIBUTED 6 SHARES OF AMZN STOCK IN MARCH 2024 WITH FMV $1,046. FORM 990, PART III, LINE 2 CATERED ONE EVENT OUT OF KITCHEN PART IV, LINE 34; SCHEDULE R, PART IV RE: TIVOLI SUB ONE BLOCKER INC FEDERAL IDENTIFICATION NUMBER: 99-1213644 ELECTION PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) TIVOLI SUB ONE BLOCKER INC, A TENNESSEE CORPORATION (THE "CORPORATION"), IS A TAX EXEMPT CONTROLLED ENTITY DEFINED BY INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) IN THAT IT IS ONE HUNDRED PERCENT (100%) OWNED BY THE TIVOLI THEATRE FOUNDATION INC, FEDERAL IDENTIFICATION NUMBER 47-4405861, A TENNESSEE NONPROFIT CORPORATION THAT IS ORGANIZED AND OPERATED AS A SECTION 501(C)(3) ORGANIZATION FOR FEDERAL INCOME TAX PURPOSES. THE CORPORATION IS A MEMBER OF TIVOLI SUB TWO, LLC, FEDERAL IDENTIFICATION NUMBER 99-2029220, A TENNESSEE LIMITED LIABILITY COMPANY ("PROPERTY OWNER"), THAT OWNS A LEASEHOLD INTEREST IN DEPRECIABLE, TANGIBLE PROPERTY AND THAT HAS AT LEAST ONE MEMBER THAT IS NOT A TAX EXEMPT ENTITY. PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II), THE CORPORATION HEREBY ELECTS TO MAKE AN IRREVOCABLE AND INDEFINITE ELECTION NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6). BY THIS ELECTION, ANY GAIN RECOGNIZED BY THE DISPOSITION OF AN INTEREST IN THE CORPORATION (AS WELL AS ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED FROM THE CORPORATION) SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE SECTION 511. THE EFFECTIVE DATE OF THIS ELECTION IS DECEMBER 18, 2023, WHICH DATE PRECEDES THE DATE THE PROPERTY OWNER PLACED SUCH DEPRECIABLE PROPERTY IN SERVICE. TIVOLI SUB ONE BLOCKER, INC, A TENNESSEE CORPORATION TIVOLI SUB ONE BLOCKER IS A MEMBER OF TIVOLI PRIME (1%) WHICH IS 99% OWNED BY US BANCORP COMMUNITY DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION BOARD CONTRACTED WITH LIVE NATION TO OVERSEE PROGRAMMING AND MANAGE DAILY OPERATIONS OF THE VENUES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE MADE AVAILABLE TO THE BOARD MEMBERS AT THE MEETING OR VIA EMAIL FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS REVIEW THE POLICY ON AN ANNUAL BASIS TO MONITOR AND ENFORCE COMPLIANCE. BOARD APPROVED POLICIES FOR 22-24. POLICIES ON FILE IN DROPBOX. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS DETERMINED USING COMPARATIVE DATA AND APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS OPEN TO PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST AT THE FOUNDATION'S OFFICE. FORM 990, PART IX, LINE 11G ARTIST FEES: PROGRAM SERVICE EXPENSES 4,406,282. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,406,282. PRODUCTION EXPENSES: PROGRAM SERVICE EXPENSES 4,566,819. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,566,819. COMMUNITY ENGAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 26,571. TOTAL EXPENSES 26,571. EXPERTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 5,847. TOTAL EXPENSES 5,847. TIVOLI SUB TWO LLC 399 MCCALLIE AVENEUE CHATTANOOGA TN 37402 992029220 ACT AS THE QALICB FACILITATING THE UTILIZATION OF THE NEW MARKET TAX CREDITS TN TIVOLI SUB ONE BLOCKER INC N/A 0 0 TIVOLI PRIME TENANT LLC 399 MCCALLIE AVENEUE CHATTANOOGA TN 37402 992051306 OWN THE LEASEHOLD INTEREST & THE TIVOLI OFFICE TO FACILITATE TAX CREDIT TN US BANCORP COMMUNITY DEVELOPMENT BLOCKER INC N/A 0 0 TIVOLI SUB ONE BLOCKER INC 399 MCCALLIE AVENUE CHATTANOOGA TN 37402 991213644 MAXIMIZE BENEFITS ATTRIBUTABLE TO LLC ENTITIES WHICH IT OWNS INTEREST TN C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R, PART IV TIVOLI SUB ONE BLOCKER, INC. HAS MADE AN ELECTION PURSUANT TO I.R.C SECTION 168(H)(6)(F)(II) TO BE A TAXABLE ENTITY NOTWITHSTANDING THAT IT IS OWNED 100% BY A NONTAXABLE PARENT CORPORATION (TIVOLI THEATRE FOUNDATION INC.) THIS ELECTION BLOCKS THE IRS FROM TREATING THIS ENTITY AS TAX EXEMPT.