2024-03-29T16:25:28-05:00 2023-07-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2022-08-01 420890913 THE COMMUNITY THEATRE OF CEDAR RAPIDS INC COMM 3193668592 102 3RD ST SE CEDAR RAPIDS IA 52401 KATIE HALLMAN EXECUTIVE DIRECTOR 3193668592 2024-02-21 1 KATIE HALLMAN 999009999 0 DAVID LITTLE P01480921 3193632697 2024-02-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THEATRE CEDAR RAPIDS KATIE HALLMAN 102 3RD ST SE CEDAR RAPIDS IA 52401 2619584 0 X WWW.THEATRECR.ORG X 1948 IA THEATRE CEDAR RAPIDS STRIVES TO CAPTIVATE AND INSPIRE THROUGH THE THEATRICAL AND PERFORMING ARTS. TCR'S VISION IS TO BE A CULTURAL POINT OF PRIDE, CONNECTION, INCLUSION, AND LEARNING, INVIGORATING GROWTH IN THE COMMUNITY. 22 22 42 2637 6170 0 2214731 1124920 1467294 1303155 87 2280 112398 71171 3794510 2501526 0 0 0 0 984419 1236773 0 0 272644 1503212 1902028 2487631 3138801 1306879 -637275 3509716 3082380 218286 1191200 3291430 1891180 THEATRE CEDAR RAPIDS STRIVES TO CAPTIVATE AND INSPIRE THROUGH THE THEATRICAL AND PERFORMING ARTS. TCR'S VISION IS TO BE A CULTURAL POINT OF PRIDE, CONNECTION, INCLUSION, AND LEARNING, INVIGORATING GROWTH IN THE COMMUNITY. 0 0 2427445 0 1305206 THEATER PRODUCTIONS: EACH YEAR, TCR WELCOMES OVER 40,000 VISITORS TO A ROBUST SEASON OF MUSICALS AND PLAYS WITH ADDITIONAL WORK, FROM NATIONAL CELEBRITY PERFORMERS TO COMEDY, BURLESQUE, AND MUCH MORE. THE FOLLOWING PRODUCTIONS WERE HELD:- 5 MAIN AUDITORIUM PRODUCTIONS FOR 76 PERFORMANCES- 3 GRANDON PRODUCTION FOR 27 PERFORMANCES- 2 BRUCEMORE PRODUCTIONS FOR 22 PERFORMANCES- 1 SPECIAL EVENTS FOR 2 PERFORMANCES- 2 RENTALS FOR 5 PERFORMANCES 255142 0 71864 EDUCATIONAL PROGRAMS: A TOTAL OF 801 YOUTH PARTICIPATED IN A RANGE OF VIRTUAL AND ONSITE EDUCATION PROGRAMS INCLUDING CLASSES AND CAMPS. 2682587 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 73 0 42 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KATIE HALLMAN 3193668592 102 3RD ST SE CEDAR RAPIDS IA 52401 OLSON TYLER PRESIDENT 0.80 1.00 X X 0 0 0 SMITH LEIGHTON VICE PRESIDENT 0.80 1.00 X X 0 0 0 MCGRATH MURPHY TREASURER 0.80 1.00 X X 0 0 0 ERENBERGER LEANN SECRETARY 0.80 1.00 X X 0 0 0 KLEIN JAMES PAST PRESIDENT 0.80 1.00 X X 0 0 0 BAXTER DAN DIRECTOR 0.50 X 0 0 0 BEARDSWORTH JIM DIRECTOR 0.50 X 0 0 0 BEISKER MICHELLE DIRECTOR 0.50 X 0 0 0 CARROLL PATRICE DIRECTOR 0.50 1.00 X 0 0 0 DAVIS TERRI DIRECTOR 0.50 1.00 X 0 0 0 FELL TRAVIS DIRECTOR 0.50 X 0 0 0 HANSON ERIC DIRECTOR 0.50 X 0 0 0 JENSEN MICHELLE DIRECTOR 0.50 X 0 0 0 KUNZ PATTI DIRECTOR 0.50 X 0 0 0 LANGDON ERIN DIRECTOR 0.50 X 0 0 0 LINK JESSICA DIRECTOR 0.50 X 0 0 0 LIVENGOOD HILERY DIRECTOR 0.50 X 0 0 0 MADSEN SARAH DIRECTOR 0.50 X 0 0 0 MOWINKLE MALLORY DIRECTOR 0.50 X 0 0 0 STREIT SUSIE DIRECTOR 0.50 X 0 0 0 TERUKINA CATHY DIRECTOR 0.50 X 0 0 0 THOEMIG JESSE DIRECTOR 0.50 X 0 0 0 HALLMAN KATIE EXECUTIVE DIRECTOR 40.00 X 98046 0 24608 98046 0 24608 0 0 0 0 0 21314 75000 111191 917415 100045 1124920 PRODUCTION REVENUE 711110 995170 995170 RESERVATION FEES 561499 214028 214028 EDUCATIONAL PROGRAMS 711130 71864 71864 FACILITY RENTALS 532000 15923 15923 ADVERTISING SALES 541800 6170 6170 1303155 2280 2280 0 21314 8914 -8914 -8914 168343 109144 59199 59199 OTHER REVENUE 711110 20886 20886 20886 2501526 1377070 6170 -6634 133969 113874 13397 6698 894419 780304 39322 74793 13990 12235 539 1216 98937 86531 3808 8598 95458 83048 4773 7637 169 169 25300 25300 22214 22214 157337 157337 159951 139157 7998 12796 232213 232213 241419 210035 12071 19313 16955 16955 78037 67892 3902 6243 51076 44436 2554 4086 CONTRACT SERVICES 436020 405753 28265 2002 PRODUCTION AND ARTISTIC 331840 331840 CAPITAL CAMPAIGN EXPENS 88658 88658 DEVELOPMENT 40604 40604 20235 17932 2303 3138801 2682587 183570 272644 747589 162748 20000 150000 38889 4794 3947 3947 106151 106428 983606 741713 271075 241893 2322065 2412570 3509716 3082380 121737 157559 92826 165417 3723 0 868224 218286 1191200 X 1072706 282497 2218724 1608683 3291430 1891180 3509716 3082380 X -637275 -808703 45728 X X 0 1 X 1 0 X 701703 815751 982412 2191879 1028606 5720351 1325800 775846 82652 1640982 1470719 5295999 2027503 1591597 1065064 3832861 2499325 11016350 41714 42731 22575 25500 127700 260220 0 41714 42731 22575 25500 127700 260220 10756130 48 9 19 87 2280 2443 48 9 19 87 2280 2443 59477 7841 61599 40140 27056 196113 2087028 1599447 1126682 3873088 2528661 11214906 0.95910 0.96660 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GROSS RECEIPTS FROM FUNDRAISING EVENTS - 2018 AMOUNT: $ 18,520. 2019 AMOUNT: $ 5,120. 2020 AMOUNT: $ 1,829. GROSS RECEIPTS FROM GAMING - 2018 AMOUNT: $ 2,900. OTHER REVENUE - 2018 AMOUNT: $ 38,057. 2019 AMOUNT: $ 2,721. 2020 AMOUNT: $ 6,768. 2021 AMOUNT: $ 40,140. 2022 AMOUNT: $ 27,056. INSURANCE RECOVERY - 2020 AMOUNT: $ 53,002. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 158341 7729 6865 504 158701 164076 -5225 510 158341 141399 29695 6527 491 164076 243217 3691 104888 621 141399 297048 8467 61475 823 243217 1.00000 1 0 193487 69963 123524 770674 653763 116911 19445 17987 1458 241893 INTEREST IN ASSETS OF THE COMMUNITY THEATRE BUILDING CORPORATION 985026 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 158701 PRESENT VALUE OF CONTRIBUTED LEASE 415362 ROU ASSET, NET 853481 2412570 LEASE LIABILITY- FINANCING 868224 868224 X 2688603 141349 45728 187077 2501526 0 2501526 4088853 950052 950052 3138801 0 3138801 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE THEATRE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS, THROUGH AN EXPENSE, IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE THEATRE'S COLLECTIONS ARE MADE UP OF A PENCIL SKETCH AND A REPLICA PAINTING. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALE TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART V, LINE 4: THE THEATER'S ENDOWMENT CONSISTS OF FUNDS TO SUPPORT THE GENERAL OPERATING NEEDS OF THE THEATRE. PART X, LINE 2: THE THEATRE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW, WHICH PROVIDES INCOME TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. THE IRS HAS NOT CLASSIFIED THE THEATRE AS A PRIVATE FOUNDATION. THE THEATRE FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE THEATRE HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN ASSETS OF THE COMMUNITY THEATRE BUILDING CORPORATION 45,368. CHANGE IN BENEFICIAL INTEREST 360. LADIES LUNCHEON 21314 21314 8914 21314 21314 8914 8914 -8914 X 384 100045 FMV 0 0 0 PART I, COLUMN (B): COLUMN B: REPRESENTS THE NUMBER OF ITEM CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THEN IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR, THE FINANCE DIRECTOR AND THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS WHICH INCLUDES THE BOARD TREASURER. A COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS AND THE FILING IS NOTED IN THE BOARD OF DIRECTORS' MINUTES. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS AND ALL FULL-TIME STAFF ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT DOCUMENTS THE RECEIPT AND UNDERSTANDING OF THE POLICY AND AGREEMENT TO COMPLY WITH THE POLICY. UPON ENTERING INTO A TRANSACTION AND A POTENTIAL CONFLICT OF INTEREST, THE MATTER IS DISCLOSED TO THE BOARD OF DIRECTORS AND THE INVOLVED DIRECTOR MAY NOT VOTE ON THE ISSUE. MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN INFORMATION RELATED TO AND KNOWN OR PERCEIVED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DISCUSSED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AFTER CONDUCTING AN ANNUAL PERFORMANCE REVIEW. THE COMPENSATION IS A LINE ITEM IN THE ANNUAL BUDGET THAT IS APPROVED BY THE BOARD OF DIRECTORS AND NOTED IN THE MINUTES. DURING THE 2007 NATIONAL JOB SEARCH FOR THE POSITION, SALARY INFORMATION FOR COMPARABLE POSITIONS (EXECUTIVE DIRECTORS, MANAGING DIRECTORS, AND/OR ARTISTIC DIRECTORS) WITH COMMUNITY THEATRES OF SIMILAR SIZE WERE OBTAINED TO ESTABLISH A BENCHMARK FOR THE POSITION. A SIMILAR COMPARISON WAS CONDUCTED IN 2016 PRIOR TO THE NATIONAL SEARCH FOR EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE CONSIDERS PERFORMANCE BENCHMARKS AND THE FINANCIAL ABILITY OF THE ORGANIZATION TO GRANT OVERALL COMPENSATION INCREASES CONSIDERING HISTORICAL FINANCIAL RESULTS AND A PROPOSED BUDGET. THE COMPENSATION OF THE EXECUTIVE DIRECTOR FOR THE YEAR ENDED JULY 31, 2023, WAS SUBJECT TO THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 360. NET CHANGE IN INTEREST IN ASSETS OF THE COMMUNITY THEATRE BUILDING CORP 45,368. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR. COMMUNITY THEATRE BUILDING CORPORATION 201 FIRST ST SE C/O DEIGNAN CEDAR RAPIDS IA 52401 426074882 LESSOR OF BUILDING IA 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 COMMUNITY THEATRE BUILDING CORPORATION C 75000 CASH