2025-05-14T12:55:46-05:00 2024-06-30 561131459 Stancil PC 4909 Windy Hill Drive Raleigh NC 27609 990 2023-07-01 561759337 Carolina Theatre of Durham Inc CARO 9195603070 309 West Morgan Street Durham NC 277012119 Randy McKay President and CEO 9195603070 2025-05-14 1 0 Nicholas Lombardi Jr P00741321 9198721260 2025-05-05 2023 2025-03-06 01:10:19Z Randy McKay 309 West Morgan Street Durham NC 277012119 4988432 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 11,000 attendees, including 6,600 K-12 students, while Film and Live events brought more than 100,000 audience members to our historic theater. 19 19 111 250 0 0 541593 650372 2768299 3392287 84805 164966 438258 502962 3832955 4710587 0 0 0 0 1799878 2233577 0 0 292560 1356109 1793377 3155987 4026954 676968 683633 5614445 6053760 1901694 1657376 3712751 4396384 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 1268337 1952500 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 84 Live Performances, selling 56,000 tickets, featuring a diverse array of artists and genres. 898194 911511 Film: CTD presents a wide range of art house current release films and the classic Retro Film Series. In FY 2024, the Retro Film series attracted audiences of about 22,000. Additionally, the film department curates multiple film festivals with screenings seen by more than 8,000 moviegoers, including the Outsouth Queer Film Festival. General Films attracted audiences of about 19,600. 670762 954747 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 the Full Frame Documentary Film Festival, as well as schools like Durham Tech Community College. CTD hosted 131 rental events in FY 2024. 409261 104512 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 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 2024 ADES and FSS presented 24 performances, which together with programs like the Sensory Friendly Film Series, masterclasses, and the Confronting Change 10th Anniversary Celebration generated total attendance of about 10,500. 409261 104512 3246554 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 69 0 111 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X X Don Miller 9195603070 309 West Morgan Street Durham NC 277012119 Emily Hill Director 1.00 X 0 0 0 Debbie McDermott Director 1.00 X 0 0 0 Alexis Vaughn Director 1.00 X 0 0 0 Bill Brian Director 1.00 X 0 0 0 Ashley Pieraccini Executive Committee At Large Member 1.00 X 0 0 0 Katey Rich Chair 1.00 X X 0 0 0 Kasey Decosimo Secretary & Chair-Elect 1.00 X 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 Immediate Past Chair 1.00 X 0 0 0 Sheena Cooper 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 Rob Hallford Director 1.00 X 0 0 0 Josephine Davis Director 1.00 X 0 0 0 Tynetta Walker Vice-Chair 1.00 X X 0 0 0 Randy McKay President & CEO 40.00 X 150295 0 8926 Steve Lebowitz CFO 40.00 X 101450 0 2115 251745 0 11041 2 0 1 0 0 X 82251 6825 561296 13275 650372 Ticketing Fees 711190 769288 769288 City Management Fee 711190 732567 732567 Service Income 711190 689149 689149 Ticket Sales 711190 634901 634901 Rental Income 711190 566382 566382 3392287 164195 164195 2195 1424 771 771 771 60299 82251 88320 -28021 -28021 718396 188101 530295 530295 Miscellaneous 999999 688 688 688 4710587 3923270 0 136945 X 290867 85959 144055 60853 1633092 1423243 71246 138603 154862 103894 40685 10283 154756 113349 31775 9632 8428 8428 33911 33911 413716 309287 89050 15379 71027 65099 5928 234530 211077 10415 13038 181977 146107 17173 18697 189950 189950 293247 274000 8059 11188 15712 10214 5391 107 22354 20130 467 1757 116706 106081 6922 3703 30703 11891 18812 Ticketing Fees 115838 115838 Miscellaneous 57945 53721 1402 2822 Signage & Lobby Display 4608 4453 27 128 Licenses and Fees 2725 2261 22 442 4026954 3246554 487840 292560 1747812 480818 3082418 4233171 95575 18896 18024 67345 75233 1701219 550280 490859 1150939 207115 5614445 6053760 446089 274078 234077 335050 1221528 1048248 1901694 1657376 X 3669266 4348434 43485 47950 3712751 4396384 5614445 6053760 683633 0 X X 0 1 X 1 0 X 434520 421233 473419 541593 650372 2521137 2362452 792290 2199942 3341755 4110683 12807122 2796972 1213523 2673361 3883348 4761055 15328259 0 0 0 15328259 5533 994 2029 84805 164195 257556 5533 994 2029 84805 164195 257556 57880 4760 40805 689 104134 2860385 1219277 2716195 3968153 4925939 15689949 0.97690 0.97790 0.01640 0.00660 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. 2023 Amount: $ 689. Handling Fees - 2019 Amount: $ 16,604. Ticketmaster rebates - 2019 Amount: $ 19,920. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 446111 4704 441407 1132686 495439 637247 122422 50137 72285 1150939 Amounts held for others 1048248 1048248 X 4792727 14311 67829 82140 4710587 0 4710587 4109094 14311 67829 82140 4026954 0 4026954 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, 2024 and 2023, 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 Part XII, Line 2d - Other Adjustments: Fundraiser expenses, included in Audited Functional Exp. Statement Live Performance 142550 82251 60299 20491 11166 22300 34363 142550 82251 60299 20491 11166 22300 34363 88320 -28021 X X X X X 0 0 0 0 0 0 0 1 0 Randy McKay President & CEO 141995 0 8300 0 0 0 0 0 8926 0 159221 0 0 0 Part I, Line 3 The Board uses existing salary data and consults with an arts recruiting firm to benchmark salaries for top officials. Part I, Line 7 Discretionary bonuses may be paid to the CEO. 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 B, line 15 The Board uses salary data and consults with an arts recruiting firm to benchmark salaries for top officials. 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 114,175. Management and general expenses 0. Fundraising expenses 1,700. Total expenses 115,875. Cleaning and Security Costs: Program service expenses 70,721. Management and general expenses 3. Fundraising expenses 302. Total expenses 71,026. Other: Program service expenses 124,391. Management and general expenses 89,047. Fundraising expenses 13,377. Total expenses 226,815. Form 990, Part XII, Line 2c There have been no changes in the oversight or selection process regarding financial statement audits by an independent accountant.