2024-03-22T13:58:17-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2022-07-01 561028031 CHILDREN'S THEATRE OF CHARLOTTE INC CHIL 7049732800 300 E 7TH STREET CHARLOTTE NC 28202 NAOYA TSURUMAKI MANAGING DIRECTOR 7049732800 2024-03-19 1 NAOYA TSURUMAKI 999009999 0 JOHN NORMAN P01506766 7049985200 2024-03-19 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z NAOYA TSURUMAKI 300 E 7TH STREET CHARLOTTE NC 28202 5491520 0 X WWW.CTCHARLOTTE.ORG X 1948 NC THE MISSION OF CHILDREN'S THEATRE OF CHARLOTTE (CTC) IS TO CREATE EXCEPTIONAL THEATRE EXPERIENCES, INSPIRING GENERATIONS TO EXPLORE THE WONDER OF THEIR WORLD. 31 31 187 1857 9652 0 2580337 2863843 1492254 2533613 298 16945 20729 41821 4093618 5456222 0 0 0 0 2820069 3198449 0 0 316656 1380557 1641092 4200626 4839541 -107008 616681 23010737 23050715 1253483 886258 21757254 22164457 THE MISSION OF CHILDREN'S THEATRE OF CHARLOTTE (CTC) IS TO CREATE EXCEPTIONAL THEATRE EXPERIENCES, INSPIRING GENERATIONS TO EXPLORE THE WONDER OF THEIR WORLD. 0 0 2286948 1551118 PROFESSIONAL THEATRE FOR YOUTH: CTC PRODUCES AND PRESENTS PROFESSIONAL THEATRICAL PRODUCTIONS FROM SCRIPTS EITHER SELECTED OR COMMISSIONED BY CTC ARTISTIC STAFF. EACH PRODUCTION IS CREATED BY PROFESSIONAL DIRECTORS, DESIGNERS, ACTORS AND MUSICIANS AND PERFORMED ON CTC'S TWO STAGES. EACH SEASON, CTC PRODUCES AND PRESENTS 8-12 MAINSTAGE PRODUCTIONS AT IMAGINON AND AT LEAST 3 TOURING PRODUCTIONS THAT ARE PERFORMED ALL ACROSS NORTH AND SOUTH CAROLINA. ALL PRODUCTIONS ARE PERFORMED FOR BOTH PUBLIC AND SCHOOL AUDIENCES. TO ENSURE THEATRE IS A VIABLE OPTION FOR ALL YOUNG PEOPLE IN THE REGION, CTC OFFERS SCHOOL SHOW TICKETS AT A SIGNIFICANT DISCOUNT AND PROVIDES REDUCED-COST TICKETS FOR ALL PUBLIC PERFORMANCES TO FAMILIES WHO RECEIVE PUBLIC ASSISTANCE AND SERVICE ORGANIZATIONS. 1063645 982495 THEATRE EDUCATION PROGRAMS: CTC THEATRE CLASSES ARE SEPARATED INTO TWO CATEGORIES: CREATIVE DRAMA FOR CHILDREN AGE 2 TO GRADE 5 AND THE SCHOOL OF THEATRE TRAINING (SOTT) FOR CHILDREN IN GRADES 3 TO 12. EACH MAY, SOTT CULMINATES WITH ONSTAGE, A 5-WEEK PERFORMANCE OPPORTUNITY IN PARTNERSHIP WITH OUR PRODUCTION DEPARTMENT. SUMMER CAMPS ARE AVAILABLE TO CHILDREN AGES 2 TO 18 IN A WIDE VARIETY OF TOPICS, THEMES AND DISCIPLINES. COMMUNITY INVOLVEMENT PROGRAM (CIP) CLASSES AND WORKSHOPS ARE OFFERED TO SERVICE ORGANIZATIONS WORKING WITH CHILDREN IN CRISIS OR WHO RECEIVED PUBLIC ASSISTANCE. FULL AND PARTIAL-TUITION SCHOLARSHIPS FOR ALL CLASSES AND CAMPS ARE OFFERED TO STUDENTS OF FINANCIAL NEED. 3350593 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 74 0 187 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X NAOYA TSURUMAKI 7049732800 300 E 7TH STREET CHARLOTTE NC 28202 ASHLEY JOSEPH PAST CHAIR 1.20 X X 0 0 0 STACIA NEUGENT BOARD MEMBER 0.60 X 0 0 0 MADDIE MYERS SECRETARY 1.20 X X 0 0 0 SALLIE BEASON BOARD MEMBER 0.60 X 0 0 0 KRISTIN BLACK BOARD MEMBER 0.60 X 0 0 0 MARY ALICE BOYD BOARD MEMBER 0.60 X 0 0 0 JULIO COLMENARES BOARD MEMBER 0.60 X 0 0 0 LEIGH HICKMAN BOARD MEMBER 0.60 X 0 0 0 BEN HUME BOARD MEMBER 0.60 X 0 0 0 STEPHANIE ISHAM TREASURER 2.00 X X 0 0 0 WILLIAM JEFFERSON BOARD MEMBER 0.60 X 0 0 0 MITCHELL KELLING BOARD CHAIR 5.00 X X 0 0 0 SHIRLEY LAMM BOARD MEMBER 0.60 X 0 0 0 REBECCA LINDAHL BOARD MEMBER 0.60 X 0 0 0 JENNIFER MADARA BOARD MEMBER 0.60 X 0 0 0 SCOTT MANNING BOARD MEMBER 0.60 X 0 0 0 LISA MILLER BOARD MEMBER 0.60 X 0 0 0 MALLORY NAVIN BOARD MEMBER 0.60 X 0 0 0 CHRIS SOCHA BOARD MEMBER 0.60 X 0 0 0 NICHELLE WEINTRAUB BOARD MEMBER 0.60 X 0 0 0 SALEM MCMULLAN BOARD MEMBER 0.60 X 0 0 0 JUDITH WHELAN BOARD MEMBER 0.60 X 0 0 0 APRIL WHITLOCK BOARD MEMBER 0.60 X 0 0 0 KRISTEN TOKIC BOARD MEMBER 0.60 X 0 0 0 VERONICA BELL BOARD MEMBER 0.60 X 0 0 0 MIKE BURGESS BOARD MEMBER 0.60 X 0 0 0 STEPHANIE COUCH BOARD MEMBER 0.60 X 0 0 0 CARYN CRAIGE BOARD MEMBER 0.60 X 0 0 0 BRIAN LITWAK BOARD MEMBER 0.60 X 0 0 0 ROSA VEGA BOARD MEMBER 0.60 X 0 0 0 MICHAEL TARWATER JR BOARD MEMBER 0.60 X 0 0 0 ADAM BURKE ARTISTIC DIRECTOR 60.00 X 132569 0 37118 NAOYA TSURUMAKI MANAGING DIRECTOR 60.00 X 135044 0 19602 267613 0 56720 2 0 1 0 0 140972 755986 1966885 31976 2863843 PRODUCTION SERVICE REV 711110 1551118 1551118 EDUCATION REVENUE 611710 982495 982495 2533613 16945 16945 12870 140972 35298 -22428 -22428 MISCELLANEOUS 611710 64249 9652 54597 64249 5456222 2533613 9652 49114 267613 132569 135044 2533965 1618537 681223 234205 233522 129680 81467 22375 163349 90711 56986 15652 267630 218679 48951 161202 138633 19344 3225 32560 22792 6512 3256 135664 135664 63476 60302 2540 634 25593 24313 1024 256 PRODUCTION SUPPLIES AND 356910 356910 IMAGINON OPERATING EXPE 265617 252336 10625 2656 PRINTING AND DESIGN 33722 29001 4046 675 POSTAGE 17277 14858 2074 345 281441 125608 122456 33377 4839541 3350593 1172292 316656 200 400 2911215 2835308 13000 5036 97279 75746 757849 512326 102079 245523 14111595 14903000 5775369 4985702 23010737 23050715 169961 251983 528997 634275 554525 0 1253483 886258 X 1937748 3224309 19819506 18940148 21757254 22164457 23010737 23050715 X 616681 -1591583 1382105 X 0 1 X 1 0 X 1348664 1302289 2078994 2580337 2218311 9528595 1924716 1947958 1879643 1939020 1939020 9630357 3273380 3250247 3958637 4519357 4157331 19158952 19158952 437 176 341 298 16945 18197 9652 9652 56119 74348 14479 67467 212413 19399214 9109453 0.98760 0.98860 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT INCOME - 2018 AMOUNT: $ 56,119. 2019 AMOUNT: $ 74,348. 2021 AMOUNT: $ 14,479. 2022 AMOUNT: $ 12,870. MISCELLANEOUS - 2022 AMOUNT: $ 54,597. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14111595 9300 1416379 600000 34274 14903000 16868177 3050 -2245072 486531 28029 14111595 13545520 71546 3932217 642296 38810 16868177 14081170 136067 635665 36052 13545520 14666247 7529 109024 664673 36957 14081170 0.79405 0.20595 0 0 100228 90799 9429 484711 298962 185749 172910 122565 50345 245523 BENEFICIAL INTEREST IN TRUST 14903000 F 14903000 CONTRIBUTIONS - FUTURE USE FACILITY 3973812 INVESTMENT IN SHARED ASSETS W/ CML 70794 OTHER 941096 4985702 7206391 332766 1382105 1714871 5491520 -35298 -35298 5456222 6799188 1924349 35298 1959647 4839541 0 4839541 PART V, LINE 4: THE THEATRE HAS A BENEFICIAL INTEREST IN TRUSTS HELD BY THE GREATER CHARLOTTE CULTURAL TRUST (GCCT), A SUPPORTING FOUNDATION OF FOUNDATION FOR THE CAROLINAS (THE FOUNDATION). THE BENEFICIAL INTEREST IN TRUSTS INCLUDES ENDOWMENT FUNDS THAT WERE GIVEN REVOCABLY TO THE GCCT BY THE THEATRE AND ARE CONSIDERED BY THE FOUNDATION TO BE QUASI-ENDOWMENT GIFT FUNDS. AS QUASIENDOWMENT GIFT FUNDS, ALL SPENDABLE INCOME AND PRINCIPAL ARE AVAILABLE TO THE THEATRE FOR DISTRIBUTION. THE THEATRE IS ALSO THE BENEFICIARY OF AN ENDOWMENT GIFT FUND HELD BY THE GCCT. THE ASSETS OF THIS FUND ARE IRREVOCABLY HELD BY THE GCCT WITH ONLY THE SPENDABLE INCOME OF THE FUND AVAILABLE TO THE THEATRE FOR DISTRIBUTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN TRUSTS 1,382,105. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -35,298. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 35,298. CELEBRATE GALA 84382 71512 12870 11420 2982 5560 WINTER WONDERLAND SHOP 43255 43255 216 15120 26205 26205 0 0 153842 140972 12870 11636 2982 20680 35298 -22428 X X 0 0 0 0 0 0 0 0 0 ADAM BURKE ARTISTIC DIRECTOR 132569 0 0 0 0 0 1913 0 35205 0 169687 0 0 0 NAOYA TSURUMAKI MANAGING DIRECTOR 135044 0 0 0 0 0 0 0 19602 0 154646 0 0 0 PART I, LINE 3 THE MANAGING AND ARTISTIC DIRECTORS EACH REPORT DIRECTLY TO THE BOARD. THE EXECUTIVE COMMITTEE, ALL OF WHOM ARE INDEPENDENT BOARD MEMBERS, HOLD AN ANNUAL PERFORMANCE EVALUATION WITH EACH DIRECTOR, SEPARATELY. THE DIRECTOR PREPARES A WRITTEN SELF-ASSESSMENT OF THEIR PERFORMANCE FOR THE YEAR BASED ON GOALS AND OBJECTIVES FOR THE PERIOD AND MEETS WITH THE EXECUTIVE COMMITTEE TO REVIEW PERFORMANCE AND SET GOALS FOR THE UPCOMING YEAR. THE DIRECTOR IS EXCUSED AND THE EXECUTIVE COMMITTEE FURTHER DISCUSSES THEIR PERFORMANCE AND SETS COMPENSATION FOR THE DIRECTOR, IN CONSIDERATION OF THE BUDGET. AT A SUBSEQUENT BOARD MEETING, THE PROCESS AND OUTCOME ARE PRESENTED TO THE BOARD. EVERY 2 TO 3 YEARS, COMPARABILITY DATA FROM OTHER FORM 990S AND/OR SURVEYS ON NON-PROFIT ORGANIZATIONS IS INCORPORATED INTO THE PROCESS. X 8 27021 FMV X MISCELLANEOUS 30 4955 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY PAID TAX PROFESSIONAL. IT IS REVIEWED IN DETAIL BY THE TREASURER AND FINANCE COMMITTEE. THE TAX RETURN IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF CONDUCT AND CONFLICT OF INTEREST POLICY IS DISTRIBUTED AT SPECIAL STAFF MEETINGS HELD ANNUALLY. IT IS EXPLAINED WITH EXAMPLES AND PROCEDURES GIVEN. EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND TO REPORT NEW SITUATIONS THAT ARISE DURING THE YEAR IN ORDER TO DETERMINE IF THERE IS A CONFLICT OF INTEREST. NEW EMPLOYEES ARE GIVEN THE POLICY UPON HIRE. THERE IS A SEPARATE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS, WHICH IS DISCUSSED AT A BOARD MEETING AT THE BEGINNING OF THE YEAR. ALL BOARD MEMBERS MUST COMPLETE AND SIGN A DISCLOSURE FORM LISTING ANY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST. BOARD MEMBERS ARE INSTRUCTED TO INFORM THE THEATRE OF ANY CONFLICT THAT MIGHT ARISE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE MANAGING AND ARTISTIC DIRECTORS EACH REPORT DIRECTLY TO THE BOARD. THE EXECUTIVE COMMITTEE, ALL OF WHOM ARE INDEPENDENT BOARD MEMBERS, HOLD AN ANNUAL PERFORMANCE EVALUATION WITH EACH DIRECTOR, SEPARATELY. THE DIRECTOR PREPARES A WRITTEN SELF-ASSESSMENT OF THEIR PERFORMANCE FOR THE YEAR BASED ON GOALS AND OBJECTIVES FOR THE PERIOD AND MEETS WITH THE EXECUTIVE COMMITTEE TO REVIEW PERFORMANCE AND SET GOALS FOR THE UPCOMING YEAR. THE DIRECTOR IS EXCUSED AND THE EXECUTIVE COMMITTEE FURTHER DISCUSSES THEIR PERFORMANCE AND SETS COMPENSATION FOR THE DIRECTOR, IN CONSIDERATION OF THE BUDGET. AT A SUBSEQUENT BOARD MEETING, THE PROCESS AND OUTCOME ARE PRESENTED TO THE BOARD. EVERY 2 TO 3 YEARS, COMPARABILITY DATA FROM OTHER FORM 990S AND/OR SURVEYS ON NON-PROFIT ORGANIZATIONS IS INCORPORATED INTO THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 CTC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN TRUSTS 1,382,105.