2026-04-20T14:37:02-05:00 2025-06-30 561131459 Stancil PC 4909 Windy Hill Drive Raleigh NC 27609 990 2024-07-01 561759337 Carolina Theatre of Durham Inc CARO 9195603070 309 West Morgan Street Durham NC 277012119 Randy McKay President and CEO 9195603070 2026-04-20 1 0 Nicholas Lombardi Jr P00741321 9198721260 2026-04-20 2024 2025-03-06 01:10:19Z Randy McKay 309 West Morgan Street Durham NC 277012119 7249231 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. 20 20 131 250 0 0 650372 3180006 3392287 3233776 164966 143205 502962 394778 4710587 6951765 0 7509 0 0 2233577 2495198 0 0 391305 1793377 1999618 4026954 4502325 683633 2449440 6053760 8506071 1657376 1653677 4396384 6852394 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 1271836 7509 1482272 Live Performances: Carolina Theatre of Durham (CTD) 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 65 Live Performances, selling 43,000 tickets, featuring a diverse array of artists and genres. 945719 873038 Film: CTD presents a wide range of art house current release films and the classic Retro Film Series. In FY 2025, the Retro Film series attracted audiences of about 20,000. 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 18,000. 834732 1185273 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 96 rental events in FY 2025. 444693 131184 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 2025 ADES and FSS presented 20 performances, which together with programs like the Sensory Friendly Film Series, masterclasses, and the Confronting Change 10th Anniversary Celebration generated total attendance of about 11,000. 444693 131184 3496980 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 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 98 0 131 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 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 Brian Buzby Director 1.00 X 0 0 0 Debbie McDermott Director 1.00 X 0 0 0 Matt Springer Director 1.00 X 0 0 0 Aniqa Tariq Director 1.00 X 0 0 0 Ashley Pieraccini Vice-Chair 1.00 X X 0 0 0 Katey Rich Immediate Past Chair 1.00 X X 0 0 0 Kasey Decosimo Secretary 1.00 X X 0 0 0 Jennifer Donner Director 1.00 X 0 0 0 Alexis Vaughn 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 Peoples-Guion Director 1.00 X 0 0 0 Sheena Cooper Director 1.00 X 0 0 0 Michelle Burton Director 1.00 X 0 0 0 Steve Bartlett Director 1.00 X 0 0 0 Rob Hallford Treasurer 1.00 X X 0 0 0 Josephine Davis Director 1.00 X 0 0 0 Tynetta Walker Chair 1.00 X X 0 0 0 Carl Rist Director 1.00 X 0 0 0 Randy McKay President & CEO 40.00 X 172003 0 8722 Steve Lebowitz Former CFO 40.00 X 74004 0 746 Donald Miller CFO 40.00 X 46784 0 4488 292791 0 13956 1 0 1 0 0 X 158863 68708 2952435 31531 3180006 City Management Fee 711190 754543 754543 Service Income 711190 690313 690313 Ticketing Fees 711190 640504 640504 Rental Income 711190 617535 617535 Ticket Sales 711190 530881 530881 3233776 143205 143205 66551 158863 109764 -43213 -43213 623989 187702 436287 436287 Miscellaneous 999999 1704 1704 1704 6951765 3671767 0 99992 X 7509 7509 325396 111551 141809 72036 1808543 1529234 100679 178630 186031 116542 51818 17671 175228 125172 36707 13349 6559 6559 37088 37088 506666 319102 148408 39156 75556 70126 1223 4207 227823 194464 13084 20275 166728 131478 16931 18319 181153 181153 281994 264909 8304 8781 32219 11196 19794 1229 40478 32390 1109 6979 208795 194491 9332 4972 34666 16673 17993 Ticketing Fees 101743 101743 Miscellaneous 74300 66368 2796 5136 Licenses and Fees 23027 22056 406 565 Signage & Lobby Display 823 823 4502325 3496980 614040 391305 480818 597513 4233171 3653136 2063578 95575 107510 18024 21520 75233 114735 2707154 759075 1150939 1948079 6053760 8506071 274078 434330 335050 283448 1048248 935899 1657376 1653677 X 4348434 4401771 47950 2450623 4396384 6852394 6053760 8506071 2449440 6570 0 X X 0 1 X 1 0 X 421233 473419 541593 650372 3165275 5251892 792290 2199942 3341755 4110683 3857765 14302435 1213523 2673361 3883348 4761055 7023040 19554327 0 0 0 19554327 994 2029 84805 164195 143205 395228 994 2029 84805 164195 143205 395228 4760 40805 689 1704 47958 1219277 2716195 3968153 4925939 7167949 19997513 0.97780 0.97690 0.01980 0.01640 X Schedule A, Part III, Line 12, Explanation of Other Income: Other Income - 2020 Amount: $ 4,760. 2021 Amount: $ 40,805. 2023 Amount: $ 689. 2024 Amount: $ 1,704. Handling Fees - Ticketmaster rebates - RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1034586 132467 902119 1327674 434336 893338 344894 192272 152622 1948079 Amounts held for others 935899 935899 X 7103350 69406 82179 151585 6951765 0 6951765 4647340 62837 82179 145016 4502324 1 1 4502325 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, 2025 and 2024, 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 Part XII, Line 4b - Other Adjustments: Rounding Live Performance 225414 158863 66551 27585 20458 34430 27291 225414 158863 66551 27585 20458 34430 27291 109764 -43213 0 NC Arts Foundation PO Box 26263 Raleigh NC 27611 463987880 7509 0 Hurricane Relief X X X X X 0 0 0 0 0 0 0 1 0 Randy McKay President & CEO 172003 0 0 0 0 0 0 0 8722 0 180725 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. X Auction Items 7 14730 X Custom Goods 5 11800 X Piano 1 5000 0 0 0 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 are reviewed periodically and all Board Members provide signed COI dislocures annually. 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 102,853. Management and general expenses 12,200. Fundraising expenses 7,450. Total expenses 122,503. Cleaning and Security Costs: Program service expenses 86,680. Management and general expenses 0. Fundraising expenses 687. Total expenses 87,367. Other: Program service expenses 129,569. Management and general expenses 136,208. Fundraising expenses 31,019. Total expenses 296,796. 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.