2024-03-26T16:27:05-05:00 2023-06-30 043728817 TRONCONI SEGARRA & ASSOCIATES LLP 8321 MAIN STREET WILLIAMSVILLE NY 14221 990 2022-07-01 161158412 SHEA'S O'CONNELL PRESERVATION GUILD LTD SHEA 7168471410 646 MAIN STREET BUFFALO NY 14202 ANDREW DAVIS TREASURER 7168471410 2024-03-26 1 ANDREW DAVIS 999009999 0 ADAM P OHAR CPA P00844640 7166331373 2024-03-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHEA'S PERFORMING ARTS CENTER JOHN HERBERT 646 MAIN STREET BUFFALO NY 14202 29072437 0 X WWW.SHEAS.ORG X 1981 NY TO RESTORE & MAINTAIN SHEA'S BUFFALO THEATRE FOR PRESENT & FUTURE GENERATIONS TO ENJOY AS A WORKING HISTORIC THEATRE PROVIDING A WIDE VARIETY OF LIVE PERFORMING ARTS EXPERIENCES FOR OUR PATRONS AND INNOVATIVE AND EFFECTIVE EDUCATIONAL EXPERIENCES FOSTERING AN APPRECIATION OF LIVE THEATRE BY AREA YOUTH. 17 17 446 846 175379 12626 11165189 1473210 24807973 21658741 336897 277300 1390956 77930 37701015 23487181 0 0 0 0 6458434 5394071 0 0 610732 22363852 18121729 28822286 23515800 8878729 -28619 25202558 24469741 9567542 8607870 15635016 15861871 X TO RESTORE & MAINTAIN SHEA'S BUFFALO THEATRE FOR PRESENT & FUTURE GENERATIONS TO ENJOY AS A WORKING HISTORIC THEATRE PROVIDING A WIDE VARIETY OF LIVE PERFORMING ARTS EXPERIENCES FOR OUR PATRONS AND INNOVATIVE AND EFFECTIVE EDUCATIONAL EXPERIENCES FOSTERING AN APPRECIATION OF LIVE THEATRE BY AREA YOUTH. 0 0 17400835 20029869 PRODUCTION AND PERFORMANCE OF THEATRICAL EXPERIENCES TO THE WESTERN NEW YORK COMMUNITY. MIXING CLASSICAL PRODUCTIONS WITH CONTEMPORARY HITS AND NEW, INNOVATIVE SHOWS, SHEA'S THEATRE REMAINS COMMITTED TO DELIVERING WORLD-CLASS PRODUCTIONS TO ITS DEDICATED AUDIENCE. 157248 ARTS ENGAGEMENT AND EDUCATION TO FOSTER ARTISTIC EXPRESSION AND COMMUNITY INVOLVEMENT. THE PROGRAM AIMS TO INSPIRE CREATIVITY, CULTIVATE DIVERSE TALENTS, AND FOSTER A DEEP APPRECIATION FOR THE ARTS BY PROVIDING ACCESSIBLE AND INCLUSIVE ARTS EDUCATION, INNOVATIVE PROGRAMS, AND MEANINGFUL COMMUNITY ENGAGEMENTS. 17558083 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 30 0 446 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X JOHN HERBERT 7168471410 646 MAIN STREET BUFFALO NY 14202 MICHAEL G MURPHY PRESIDENT/CEO 50.00 X 296143 0 14529 JOHN F HERBERT CFO/VP OF FINANCE AND ADMIN 50.00 X 165789 0 9220 ROBERT BRUNSCHMID VP OF OPERATIONS 50.00 X 145907 0 17471 JOHN SCHALLER VP OF DEVELOPMENT 50.00 X 128494 0 8903 RANDALL K BEST CHAIRPERSON 2.00 X X 0 0 0 JONATHAN A DANDES VICE CHAIRPERSON 2.00 X X 0 0 0 JAMES J EAGAN TREASURER 2.00 X X 0 0 0 LA VERNE MOSEY-MURPHY SECRETARY 2.00 X X 0 0 0 MARCO CERCONE ESQ TRUSTEE 1.00 X 0 0 0 ELIZABETH COTTON TRUSTEE 1.00 X 0 0 0 JESSICA CROCE TRUSTEE 1.00 X 0 0 0 ANDREW DAVIS TRUSTEE 1.00 X 0 0 0 DAVID FABIAN TRUSTEE 1.00 X 0 0 0 THOMAS LANG ESQ TRUSTEE 1.00 X 0 0 0 RUSSELL J MATUSZAK TRUSTEE 1.00 X 0 0 0 CYNTHIA RIPLEY TRUSTEE 1.00 X 0 0 0 MARYAM SALEEMI TRUSTEE 1.00 X 0 0 0 HEIDI S SALVA TRUSTEE 1.00 X 0 0 0 HON DONNA M SIWEK TRUSTEE 1.00 X 0 0 0 TONI VAZQUEZ TRUSTEE 1.00 X 0 0 0 DONALD WARE TRUSTEE 1.00 X 0 0 0 736333 0 50123 4 0 1 0 BUFFALO SPECIAL INVESTIGATION PO BOX 950 BUFFALO NY 14240 SECURITY 255037 FREY ELECTRIC 100 PEARCE AVE BUFFALO NY 14150 CONSTRUCTION 214826 THE BUFFALO NEWS 1 NEWS PLAZA BUFFALO NY 14240 NEWS & ADVERTISING 197073 RICH'S CATERING 1 ROBERT RICH WAY BUFFALO NY 14213 CATERING 157786 KIDENEY ARCHITECTS 143 GENESEE ST BUFFALO NY 14203 DESIGN AND ARCHITECTURE 123471 5 4990 178259 1289961 1473210 TICKET SALES 711190 17798844 17798844 CONESSIONS & MECHANDISE REVENUE 711190 1597204 80573 1516631 FACILITY CHARGE INCOME 711190 768228 768228 OTHER PROGRAM REVENUE 711190 657525 657525 TICKET SERVICE INCOME 711190 623070 623070 213870 119064 94806 21658741 248294 248294 5399220 5370214 29006 29006 29006 229834 178259 215042 14792 14792 MANAGEMENT FEE 541611 40000 40000 MISCELLANEOUS INCOME 900099 23138 23138 63138 23487181 20029869 175379 1808723 662921 662921 3736888 1539296 1818173 379419 54993 21997 29291 3705 504286 127828 328557 47901 434983 218776 191929 24278 181945 181945 196754 196754 30000 30000 32679 32679 827606 220881 530236 76489 922693 815690 96910 10093 336316 321823 14493 270432 270432 39340 32816 6524 353904 265428 88476 217887 40883 177004 GUARANTEES & ROYALTIES 8402146 8402146 LICENSEE SHARE 2589722 2589722 CO-PRESENTER SHARE 2186383 2186383 CREDIT CARD SERVICE 478528 478528 1055394 650525 357039 47830 23515800 17558083 5346985 610732 410071 1094309 14352756 10031321 1000 432703 30075 92970 83560 91890 96045 5401547 2489640 2622526 2911907 4177926 7097152 13869 132 998553 800444 2009294 2323796 25202558 24469741 1356147 1383827 8015695 7111443 195700 112600 9567542 8607870 X 13304880 13186091 2330136 2675780 15635016 15861871 25202558 24469741 X -28619 269211 -13737 X X 0 1 X 1 0 X 1386954 961701 1685857 11165189 1473210 16672911 1386954 961701 1685857 11165189 1473210 16672911 107324 16565587 118194 253784 135924 224813 248294 981009 199619 139092 30758 126764 175379 671612 1291878 586547 14837 1290426 1516631 4700319 23025851 90671476 0.71940 0.73870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 30000 30000 0 PART II-B, LINE 1: THE ORGANIZATION USES MASIELLO MARTUCCI CALABRESE & ASSOCIATES TO CONTACT LEGISLATORS IN ORDER TO SECURE FUNDING FOR RESTORATION PROJECTS. 3232719 481241 383218 23687 4073491 3865173 0 -607191 25263 3232719 2972044 9050 907068 22989 3865173 2680631 222052 89127 19766 2972044 2299205 185000 214724 18298 2680631 0.75135 0.24865 0 0 160468 160468 3747724 1204059 2543665 1493355 1285581 207774 2911907 DUE FROM 710 MAIN STREET, INC 2323796 2323796 RENTAL DEPOSITS 12600 GRANT FUNDS DUE TO 710 MAIN STREET, INC. 100000 112600 23709976 269211 -13737 255474 23454502 32679 32679 23487181 23483121 0 23483121 32679 32679 23515800 PART V, LINE 4: THE BOARD OF TRUSTEES HAS APPROVED AND ADOPTED AN INVESTMENT POLICY FOR ENDOWMENT ASSETS, HELD IN PERPETUITY, WHICH ATTEMPTS TO ACHIEVE RETURNS COMMENSURATE WITH THE RELEVANT RISK THE BOARD IS WILLING TO ACCEPT. UNDER THE INVESTMENT POLICY, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER WHICH OFFERS SUFFICIENT DIVERSIFICATION OF THE GUILD'S INVESTMENT PORTFOLIO,AND ACHIEVES INVESTMENT RETURN OBJECTIVES TO MEET OR EXCEED THE RETURNS OF A BALANCED MARKET INDEX, AND MINIMIZE LOSS OF PRINCIPAL THROUGH BOTH CAPITAL APPRECIATION AND CURRENT YIELD, OVER THE LONG-TERM. IN ACCORDANCE WITH THE DONOR'S STIPULATIONS, THE PORTION OF ENDOWMENT FUNDS AVAILABLE FOR USE ARE EARMARKED EACH YEAR, WITH THE INTENTION THAT NO MORE THAN FIVE PERCENT OF CUMULATIVE INVESTMENT PRINCIPAL AND EARNINGS ARE UNRESTRICTED AND AVAILABLE TO FUND THE GUILD'S OPERATIONS. UNDER THE INVESTMENT POLICY APPROVED BY THE BOARD OF TRUSTEES, FUNDS IN EXCESS OF THE ORIGINAL PRINCIPAL ARE AVAILABLE FOR USE, WITH UP TO FIVE PERCENT OF CUMULATIVE INVESTMENT PRINCIPAL AND EARNINGS CLASSIFIED AS UNRESTRICTED FOR OPERATIONS, AND THE REMAINING SURPLUS ABOVE THE ORIGINAL GIFT CLASSIFIED AS TEMPORARILY RESTRICTED FOR OPERATIONS. EACH YEAR, EXCESS FUNDS AVAILABLE FOR USE ARE ACCUMULATED AND ACCESSIBLE SHOULD THE GUILD REQUIRE THESE SURPLUS FUNDS IN A FUTURE YEAR TO FUND ITS PLANNED PROJECTS AND OBJECTIVES. SHOULD THE FAIR VALUE OF ENDOWMENT INVESTMENTS FALL BELOW THE ORIGINAL PRINCIPAL, THE BOT SHALL WAIT UNTIL MARKET CONDITIONS IMPROVE AND THE FAIR VALUE OF ENDOWMENT INVESTMENTS INCREASES TO AT LEAST THE ORIGINAL PRINCIPAL BALANCE BEFORE FUNDS MAY BE APPROPRIATED TO FUND OPERATIONS. IT IS THE BOT'S POLICY AT JUNE 30, 2023 AND JUNE 30, 2022 THAT THE ORIGINAL PRINCIPAL OF THE INVESTMENT MAY NOT BE INVADED. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS FROM ALL FOR ONE THEATRE PRODUCTIONS, LLC -13,737. GALA 313949 154723 159226 39552 79000 77192 3 94144 23536 70608 19298 408093 178259 229834 39552 79000 96490 215042 14792 X X X X 0 0 0 0 0 0 0 0 0 MICHAEL G MURPHY PRESIDENT/CEO 296143 0 0 0 0 0 9346 0 5183 0 310672 0 0 0 JOHN F HERBERT CFO/VP OF FINANCE AND ADMIN 140789 0 25000 0 0 0 3000 0 6220 0 175009 0 0 0 ROBERT BRUNSCHMID VP OF OPERATIONS 100907 0 45000 0 0 0 3000 0 14471 0 163378 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS TO REMOVE AN OFFICER POSITION OF IMMEDIATE PAST CHAIRPERSON, WHICH PREVIOUSLY WAS A VOTING MEMBER OF THE EXECUTIVE COMMITTEE AND THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. ANY DONOR CONTRIBUTING $500 OR MORE BECOMES A MEMBER. THE GOVERNING BODY IS MADE UP OF ALL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE, A SUBCOMMITTEE OF THE BOARD, LOOKS FOR, INTERVIEWS, AND RECOMMENDS NEW BOARD MEMBERS TO THE OVERALL BOARD. IT THEN GOES TO THE OVERALL MEMBERSHIP TO BE VOTED ON AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B AT THE ANNUAL MEETING, THERE IS A RATIFICATION OF ALL BOARD ACTIONS OF THE PREVIOUS FISCAL YEAR BY THE OVERALL MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR THEIR APPROVAL BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY IS REVIEWED BY EACH BOARD MEMBER ON AN ANNUAL BASIS. EACH MEMBER OF THE BOARD IS REQUIRED TO DISCLOSE ANY CONFLICTS AND COMPLETE A REPORT WHICH WILL BE COLLECTED AND KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15A ON AN ANNUAL BASIS, THE ORGANIZATION PROVIDES DOCUMENTATION TO THE TRUSTEES WITH RESPECT TO THE COMPENSATION OF THE ORGANIZATIONS CEO FOR REVIEW AND APPROVAL. SUCH INFORMATION INCLUDES COMPARABLE DATA FROM SIMILAR SIZED TAX EXEMPT ORGANIZATIONS IN THE WESTERN NEW YORK COMMUNITY. REVIEW AND APPROVAL OF THE COMPENSATION ARRANGEMENT BY THE TRUSTEES IS DOCUMENTED IN THE ORGANIZATIONS PAYROLL RECORDS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS FROM ALL FOR ONE THEATRE PRODUCTIONS, LLC -13,737. FORM 990, PART XII, LINE 2C: BOARD MEMBERS OF THE SHEA'S O'CONNELL PRESERVATION GUILD LTD FORM A FINANCE COMMITTEE THAT OVERSEE THE FINANCIAL STATEMENT AND SELECTION OF THE AUDITORS. THE PROCESS FOR SELECTING AN INDEPENDENT AUDITOR IS DONE BY PERFORMING A REVIEW OF THE CURRENT AUDITOR EVERY THREE YEARS AND SUBMITTING A REQUEST FOR PROPOSAL IF DETERMINED NECESSARY. OTHERWISE, A REQUEST FOR PROPOSAL IS SUBMITTED APPROXIMATELY EVERY SIX YEARS. SHEA'S CONCESSIONS 646 MAIN STREET BUFFALO NY 14202 161158412 CONCESSIONS - RENTAL EVENTS NY 1636173 143353 SHEA'S O'CONNELL PRESERVATION GUILD LTD 505 PEARL STREET WNY LLC 646 MAIN STREET BUFFALO NY 14202 862144331 ENGAGEMENT, EDUCATION AND COMMUNITY PROGRAMS NY 0 1323897 SHEA'S O'CONNELL PRESERVATION GUILD LTD 710 MAIN STREET INC 646 MAIN STREET BUFFALO NY 14202 272403430 RESTORE AND PRESERVATION OF LOCAL THEATRE NY 501(C)(3) LINE 7 SHEA'S O'CONNELL PRESERVATION GUILD LTD 1 ALL FOR ONE THEATRE PRODUCTIONS LLC 646 MAIN STREET BUFFALO NY 14202 824669108 THEATRE PRODUCTION NY N/A RELATED -1258 1738 0 1 0.20000 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 710 MAIN STREET INC L 552318 SEE SCHEDULE R, PART VII 710 MAIN STREET INC L 40000 SEE SCHEDULE R, PART VII SCHEDULE R, PART V: SHEA'S O'CONNELL PRESERVATION GUILD, LTD. (THE "GUILD"), THROUGH A MANAGEMENT AGREEMENT, WAS APPOINTED AS THE SOLE AND EXCLUSIVE REPRESENTATIVE, MANAGER, AND AGENT OF 710 MAIN STREET, INC. FOR THE PURPOSES OF SUPERVISING, MANAGING, PROMOTING, MAINTAINING, AND OPERATING 710 MAIN THEATRE. DURING THE YEAR ENDED JUNE 30, 2023, THE GUILD INCURRED OPERATING EXPENSES ON BEHALF OF 710 MAIN STREET, INC. AMOUNTS TOTALING $2,323,796 ARE RECORDED AS DUE FROM 710 MAIN STREET, INC. AS OF JUNE 30, 2023. THESE AMOUNTS ARE INTENDED TO BE REPAID TO THE GUILD BUT NO PAYMENTS HAVE BEEN MADE THROUGH THE YEAR ENDED JUNE 30, 2023. SCHEDULE R, PART V, LINE 2(1): EMPLOYEES OF 710 MAIN STREET, INC. ARE PAID BY SHEA'S O'CONNELL PRESERVATION GUILD, LTD. TOTAL AMOUNTS OF PAYROLL, EMPLOYEE BENEFITS, AND TAXES INCURRED ON BEHALF OF 710 MAIN STREET, INC. WAS $552,318 DURING THE YEAR ENDED JUNE 30, 2023. THIS AMOUNT HAS BEEN RECORDED AS DUE FROM 710 MAIN STREET, INC. FOR THE YEAR ENDED JUNE 30, 2023. SCHEDULE R, PART V, LINE 2(2): SHEA'S O'CONNELL PRESERVATION GUILD, LTD. (THE "GUILD) ENTERED INTO A MANAGEMENT AGREEMENT WITH 710 MAIN STREET, INC. ("710 MAIN") FOR A FIVE-YEAR TERM WITH AN ADDITIONAL FIVE-YEAR AUTOMATIC EXTENSION, IN WHICH THE GUILD WAS APPOINTED AS 710 MAIN'S SOLE AND EXCLUSIVE REPRESENTATIVE, MANAGER, AND AGENT FOR THE PURPOSES OF SUPERVISING, MANAGING, PROMOTING, MAINTAINING, AND OPERATING 710 MAIN THEATRE. MONTHLY MANAGEMENT FEES UNDER THE AGREEMENT ARE $3,333. TOTAL MANAGEMENT FEES INCURRED FOR THE YEAR ENDED JUNE 30, 2023 ARE $40,000. THE FEES INCURRED DURING THE MANAGEMENT AGREEMENT TERM HAVE NOT YET BEEN PAID BY 710 MAIN AND ARE REFLECTED AS DUE FROM 710 MAIN STREET, INC. ON THE BALANCE SHEET AS OF JUNE 30, 2023.