2026-04-15T10:51:46-05:00 2025-06-30 621093134 JOHNSON MURPHEY & WRIGHT PC 301 NORTH MARKET STREET CHATTANOOGA TN 37405 990 2024-07-01 474405861 THE TIVOLI THEATRE FOUNDATION INC TIVO 4237575580 399 MCCALLIE AVENUE CHATTANOOGA TN 37402 CAROL SEAL TREASURER 4237575580 2026-04-15 1 1 MARIANNE HART CPA P01217461 4237561170 2024 2025-03-06 01:10:19Z CAROL SEAL 399 MCCALLIE AVENUE CHATTANOOGA TN 37402 20797313 0 X WWW.TIVOLICHATTANOOGA.COM X 2014 TN PRESERVE, RESTORE, AND OPERATE THREE HISTORIC LANDMARKS TO IMPROVE QUALITY OF LIFE IN CHATTANOOGA 23 23 27 0 0 0 3302805 3463335 11816872 14725610 625970 687677 1076076 1254128 16821723 20130750 0 7105 0 0 1911806 2111569 0 0 304797 11268556 14116117 13180362 16234791 3641361 3895959 30609041 37508203 4272735 7275938 26336306 30232265 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. 0 0 15557269 7105 15890403 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 $32,050) 15557269 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 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 1 0 0 0 1 82 0 27 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 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 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 DIRECTOR 1.00 X 0 0 0 LAURA SCOREY DIRECTOR 1.00 X 0 0 0 ROY VAUGHN DIRECTOR 1.00 X 0 0 0 JARVIS DAVENPORT DIRECTOR 1.00 X 0 0 0 NICHOLAS A WILKINSON EXECUTIVE DIRECTOR CEO 40.00 X 307541 0 12302 COURTNEY E KEENE COO-EVENTS/OPERATIONS 40.00 X 179263 0 25598 DAVID R HOLSCHER COO-BOOKING/PROJECT MANAGER 40.00 X 232685 0 28400 SARA M WILLIAMS CFO 24.00 X 133574 0 5343 853063 0 71643 4 0 1 0 OUTSOURCE STAFFING LLC PO BOX 4516 CHATTANOOGA TN 37405 STAFFING FOR EVENTS 1003352 OUTBACK PRESENTS LLC 209 TENTH AVE SOUTH STE 409 NASHVILLE TN 37203 PRODUCTION FEES 773218 MRB TOUR LLC 1650 BROADWAY STE 800 NEW YORK NY 10019 ARTIST FEES 685097 TKMB NATIONAL TOUR LLC 7135 MINSTREL WAY STE 105 COLUMBIA MD 21045 ARTIST FEES 297154 BAKER DONELSON BEARMAN CALDWELL & BERKOW 633 CHESTNUT ST STE 1900 CHATTANOOGA TN 37450 LEGAL SERVICES 292882 5 118112 532530 2812693 621823 3463335 TICKET SALES 711110 13238526 13238526 THEATRE RENT & FEES 711110 1421247 1421247 EDUCATION PROGRAM 711110 44475 44475 CAMP FEES 711110 21362 21362 14725610 693689 693689 60120 66132 -6012 -6012 -6012 131377 118112 42042 89335 89335 1723182 558389 1164793 1164793 20130750 15890403 0 777012 X 7105 7105 752786 639868 75279 37639 847149 720077 84714 42358 75455 64137 7545 3773 256235 217800 25624 12811 179944 152953 17994 8997 827077 785336 41741 50044 50044 11585400 11538154 3100 44146 23041 23041 61316 2804 56776 1736 8008 8008 552667 552667 17839 6688 11151 28510 27832 678 385354 385354 47917 47917 EQUIPMENT & SUPPLIES 179712 162838 9908 6966 TAXES & LICENSES 122733 122733 FUNDRAISING EXPENSES 115767 115767 EDUCATION 57012 57012 53720 34945 18775 16234791 15557269 372725 304797 260482 40211 16684076 10165076 2113875 1868984 323676 781404 6462000 58680 61673 49739 38059 6031477 2167162 11103594 3864315 14213745 14919 12736 30609041 37508203 1037594 528546 3235141 4789316 1958076 4272735 7275938 X 22212478 30232265 4123828 0 26336306 30232265 30609041 37508203 3895959 0 X X 0 1 X 1 0 X 2457352 13333492 8895823 3302805 3463335 31452807 24000 24000 24000 24000 24000 120000 2481352 13357492 8919823 3326805 3487335 31572807 2229099 29343708 930 2972 202018 624932 693689 1524541 1000 1000 33098348 52929946 0.88660 0.90800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 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 STAY 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. 2521695 1082427 1439268 3493355 1084735 2408620 16427 16427 3864315 14213745 C 14213745 X 20784943 53762 53762 20731181 -600431 -600431 20130750 16888984 53762 600431 654193 16234791 0 16234791 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 -558,389. DIRECT FUNDRAISING EXPENSE -42,042. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 558,389. DIRECT FUNDRAISING EXPENSE 42,042. GALA 249489 118112 131377 42042 249489 118112 131377 42042 42042 89335 1 ORANGE GROVE CENTER 615 DERBY ST CHATTANOOGA TN 37404 620549365 7105 0 FAIR MARKET VALUE BINGO SPONSORSHIP 1 PART I, LINE 2: THE ORGANIZATION HAS PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS TO ENSURE ACCOUNTABILITY. X 0 0 0 0 0 0 0 0 0 NICHOLAS A WILKINSON EXECUTIVE DIRECTOR CEO 307541 0 0 0 0 0 12302 0 0 0 319843 0 0 0 DAVID R HOLSCHER COO-BOOKING/PROJECT MANAGER 232685 0 0 0 0 0 9432 0 18968 0 261085 0 0 0 COURTNEY E KEENE COO-EVENTS/OPERATIONS 179263 0 0 0 0 0 7280 0 18318 0 204861 0 0 0 X 6 615097 FAIR MARKET VALUE X LIQUOR 1 6726 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): TOTAL OF SIX SEPERATE GIFTS, DETAILED AS FOLLOWS: ONE DONOR CONTRIBUTED 370 SHARES OF SCHWAB US LARGE-CAP GROWTH ETF IN MAY 2025 WITH FMV $10,041. ONE DONOR CONTRIBUTED 60 SHARES OF SCHWAB US LARGE-CAP GROWTH ETF IN MAY 2025 WITH FMV $1,589. ONE DONOR CONTRIBUTED 6,392 SHARES OF COCA-COLA EUROPACIFIC PARTNERS STOCK IN MARCH 2025 WITH FMV $537,960. ONE DONOR CONTRIBUTED 50 SHARES OF PFIZER STOCK IN DECEMBER 2024 WITH FMV $1,313. ONE DONOR CONTRIBUTED 62 SHARES OF APPLE INC STOCK IN DECEMBER 2024 WITH FMV $15,704. ONE DONOR CONTRIBUTED 214 SHARES OF APPLE INC STOCK IN NOVEMBER 2024 WITH FMV $48,490. 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 OUTSOURCE STAFFING LLC 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 APPROVES POLICIES, AND POLICIES ARE ON FILE IN DROPBOX. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS DETERMINED USING COMPARATIVE DATA AND APPROVED BY A MAJORITY DECISION 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 7,220,258. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,220,258. PRODUCTION EXPENSES: PROGRAM SERVICE EXPENSES 4,317,896. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,317,896. COMMUNITY ENGAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 18,581. TOTAL EXPENSES 18,581. PROFESSIONAL EXPERTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,100. FUNDRAISING EXPENSES 25,565. TOTAL EXPENSES 28,665. 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 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 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 79855 9130692 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.