2026-04-27T19:16:09-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 4334 MUNSON STREET SUITE 200 CANTON OH 44718 990 2024-07-01 341385037 TOLEDO CULTURAL ARTS CENTER INC TOLE 4192423490 410 ADAMS ST TOLEDO OH 43604 ABIGAIL GLANVILLE EXECUTIVE DIRECTOR 4192423490 2026-04-23 1 1 JENNIFER COLEMAN P00743188 3304972000 2026-03-25 2024 2025-03-06 01:10:19Z ABIGAIL GLANVILLE 410 ADAMS ST TOLEDO OH 43604 4257189 0 X HTTPS://VALENTINETHEATRE.COM X 1982 OH THE TOLEDO CULTURAL ARTS CENTER, A NOT-FOR-PROFIT ORGANIZATION, PRODUCES AND PROVIDES CULTURAL AND PERFORMING ARTS EXPERIENCES FOR DIVERSE AUDIENCES OF ALL AGES IN THE CITY OF TOLEDO, LUCAS COUNTY, NORTHWEST OHIO AND SOUTHEAST MICHIGAN. 20 20 138 77 0 0 747324 836732 867242 1020333 398688 332084 16362 155450 2029616 2344599 0 0 0 0 870317 906307 0 0 114791 1225356 1274678 2095673 2180985 -66057 163614 9125942 9747948 173807 221294 8952135 9526654 THE TOLEDO CULTURAL ARTS CENRE INC PRODUCES AND PROVIDES CULTURAL AND PERFORMING ARTS EXPERIENCES FOR DIVERSE AUDIENCES OF ALL AGES, TO ENHANCE THE QUALITY OF THE CULTURAL AND ECONOMIC LIFE OF THE CITY OF TOLEDO, LUCAS COUNTY, NORTHWEST OHIO AND SOUTHEAST MICHIGAN. 0 0 1029268 0 365569 OPERATOR AND LANDLORD OF THE HISTORIC VALENTINE THEATRE. ACTIVITIES INCLUDE UPKEEP AND MAINTENANCE OF THE THEATRE. 650013 0 810214 WE PRESENTED A DIVERSE SELECTION OF PERFORMING ARTS EVENTS, RANGING FROM CHILDREN'S PROGRAMMING TO THEATRICAL BROADWAY. A TOTAL OF 113 EVENTS WERE PRESENTED IN THIS FISCAL YEAR, DRAWING 57,658 PATRONS TO THE VALENTINE THEATRE. 1679281 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 36 0 1 138 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DAWN NIEUWKOOP 4192144801 410 ADAMS STREET TOLEDO OH 43604 DAVID RECTENWALD CHAIRMAN 5.00 X X 0 0 0 KRISTEN NICHOLSON VICE CHAIR 5.00 X X 0 0 0 ALAN KLINE TREASURER 5.00 X X 0 0 0 CLARE GORSKI SECRETARY 5.00 X X 0 0 0 MICHAEL AUST TRUSTEE 1.00 X 0 0 0 STEVE BOWE TRUSTEE 1.00 X 0 0 0 RICHARD BERRY TRUSTEE 1.00 X 0 0 0 CARROLL ASHLEY TRUSTEE 1.00 X 0 0 0 KIMBERLY FINCH TRUSTEE 1.00 X 0 0 0 DANA LOEB TRUSTEE 1.00 X 0 0 0 DONNA OWENS TRUSTEE 1.00 X 0 0 0 THOMAS PALMER TRUSTEE 1.00 X 0 0 0 JOSH CULLING TRUSTEE 1.00 X 0 0 0 JOSEPH SWEENEY TRUSTEE 1.00 X 0 0 0 ANNA TONEY TRUSTEE 1.00 X 0 0 0 WILLIAM WOLFF TRUSTEE 1.00 X 0 0 0 CHRIS SPEGELE TRUSTEE 1.00 X 0 0 0 JIM STENGLE TRUSTEE 1.00 X 0 0 0 STEPHANIE WHITE TRUSTEE 1.00 X 0 0 0 ELLYN LOSS TRUSTEE 1.00 X 0 0 0 ABIGAIL GLANVILLE EXECUTIVE DIRECTOR 40.00 X 80202 0 8151 80202 0 8151 0 0 0 0 0 162140 230000 444592 118378 836732 SHOW PRODUCTION 711300 654764 654764 THEATRE OPERATIONS 711130 365569 365569 1020333 278530 278530 1834941 57212 1761021 77578 73920 -20366 53554 53554 229441 73991 155450 155450 2344599 1175783 0 332084 X 93635 46817 23409 23409 695378 481538 167771 46069 24828 24828 29881 25142 4512 227 62585 44705 14028 3852 3883 3883 13125 13125 24569 24569 340864 319826 16506 4532 314131 293265 20866 45079 192 44887 8518 8518 4495 4495 178677 168745 9484 448 22347 19807 2538 2 6756 514 6198 44 726 726 140192 130379 9813 50985 50985 STAGE BACKLINE & LOBBY 29336 29336 VALENTINE SCHOOL SHOW E 12830 12830 VOLUNTEER/DONOR CAMPAIG 12698 4007 8691 65467 21870 36946 6651 2180985 1679281 386913 114791 63718 11028 312608 485871 20000 12401 156144 11731 17540 62800 31816 3504633 1681704 1671901 1822929 6842571 7063912 148212 138708 9125942 9747948 62925 101334 56570 27826 23055 69890 31257 22244 173807 221294 X 8576614 9223813 375521 302841 8952135 9526654 9125942 9747948 163614 414002 -3097 0 X 1 X 0 1 0 X 1461696 1141902 681734 747324 836732 4869388 1461696 1141902 681734 747324 836732 4869388 4869388 173498 262673 204551 218419 278530 1137671 23054 73549 133822 110655 341080 6348139 3978442 0.76710 0.76330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 23,054. 2021 AMOUNT: $ 73,549. 2022 AMOUNT: $ 133,822. 2023 AMOUNT: $ 110,655. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113812 0 6868694 748885 254001 37876 7325702 6312491 840355 249000 35152 6868694 5781742 581903 19000 32154 6312491 6732829 -897754 18000 35333 5781742 5371904 418368 1407850 432735 32558 6732829 1.00000 0.00000 0.00000 1 0 608600 391787 216813 2000184 606615 1393569 895849 683302 212547 1822929 OPERATING LEASE LIABILITY 22244 22244 X PART III, LINE 4: THE ART COLLECTIONS INCLUDE A MURAL OF $100,000 AND A PORTRAIT OF $13,812. THE MURAL WAS FUNDED BY THE PUBLIC TO PAY HOMAGE TO THE PERFORMERS WHO APPEARED AT THE TOLEDO CULTURAL ARTS CENTER, INC., ALSO KNOWN AS THE VALENTINE THEATRE SINCE IT OPENED IN 1895. THE PORTRAIT WAS TO HONOR THE FATHER OF THE FOUNDER WHOM THE THEATRE WAS NAMED AFTER. PART V, LINE 4: THE ENDOWMENT FUND CONSISTS SOLELY OF BOARD-DESIGNATED FUNDS THAT ARE REVIEWED REGULARLY BY THE BOARD OF VALENTINE FOUNDATION, LLC. THE ENDOWMENT WAS SET UP TO PROVIDE THE ANNUAL SUPPORT FOR THE COSTS OF OPERATION AND MANAGEMENT OF THE TOLEDO CULTURAL ARTS CENTER PROPERTY. PART X, LINE 2: MANAGEMENT OF THE ORGANIZATION IS REQUIRED TO DETERMINE WHETHER A TAX POSITION OF THE ORGANIZATION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT OF THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. HOWEVER, MANAGEMENT'S CONCLUSIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, NEW TAX LAWS, REGULATIONS, AND ADMINISTRATIVE INTERPRETATIONS (INCLUDING RELEVANT COURT DECISIONS). THE ORGANIZATION'S FEDERAL TAX RETURNS FOR THE PRIOR THREE FISCAL YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. X ADVERTISEMENT 7 110172 FAIR MARKET VALUE X HOSPITALITY SUPPLIES 2 8206 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE. FORM 990, PART VI, SECTION A, LINE 1A THE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD CONSIST OF THE EXECUTIVE AND ALL STANDING COMMITTEES. EACH COMMITTEE IS REQUIRED TO PROVIDE THEIR CONTEMPORANEOUS MINUTES TO THE BOARD OF MANAGERS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS DISTRIBUTED VIA EMAIL TO THE FULL BOARD OF TOLEDO CULTURAL ARTS CENTER, INC FOR THEIR REVIEW AND COMMENT. THE 990 IS REVISED BASED ON BOARD INPUT. BOTH THE BOARD CHAIR AND CHAIR OF THE FINANCE COMMITTEE HAVE TO REVIEW AND APPROVE BEFORE THE FILING. THE FINAL VERSION OF THE 990 IS MADE AVAILABLE TO THE BOARD UPON FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD EACH YEAR FOR THEIR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF TCAC'S EXECUTIVE DIRECTOR IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD. SEVERAL FACTORS INCLUDING INDIVIDUAL PERFORMANCE, BUDGET PERFORMANCE, AND MARKET RATES OF COMPENSATION FOR SIMILAR SITUATED POSITIONS AND ORGANIZATIONS IN THE US ARE EVALUATED BY THE COMMITTEE, NO OTHER OFFICER OF TCAC IS COMPENSATED AND NO EMPLOYEES MEETING THE DEFINITION OF "KEY EMPLOYEE". THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST AND IS AVAILABLE FOR PUBLIC INSPECTION ON ANOTHER'S WEBSITE WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE GENERALLY NOT PROVIDED TO THE PUBLIC, OTHER THAN THOSE REQUIRED TO BE DISCLOSED BY LAW, OTHER INFORMATION PERTAINING TO TOLEDO CULTURAL ARTS CENTER, INC AND THE VALENTINE THEATRE CAN BE FOUND ON OUR WEBSITE, WWW.VALENTINETHEATRE.COM. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 319,826. MANAGEMENT AND GENERAL EXPENSES 16,506. FUNDRAISING EXPENSES 4,532. TOTAL EXPENSES 340,864. VALENTINE FOUNDATION LLC 410 ADAMS ST TOLEDO OH 43604 341385037 ENDOWMENT OH 330639 7325702 N/A