2025-06-17T09:50:25-04:00 2024-12-31 621516392 LEWIS & ASSOCIATES PC CPAS PRINCETON PROF BLDG 136 PRINCETON JOHNSON CITY TN 37601 990 2024-01-01 621014756 INTERNATIONAL STORYTELLING CENTER INTE 4237532171 116 WEST MAIN STREET JONESBOROUGH TN 37659 MICHAEL CARSON PRESIDENT 4239138216 2025-05-20 true true THOMAS W TURBYFIELD P00433695 4239265138 2025-06-17 2024 2025-03-06 01:10:19Z MICHAEL CARSON 116 WEST MAIN STREET JONESBOROUGH TN 37659 1469954 false X WWW.STORYTELLINGCENTER.COM X 1973 TN TO CREATIVELY APPLY THE POWER OF STORYTELLING TO ENRICH THE HUMAN EXPERIENCE AND ENHANCE THE QUALITY OF LIFE BY ADDRESSING THE CHALLENGES AND OPPORTUNITIES IN TODAY'S SOCIETY AND TO INFUSE STORYTELLING INTO THE MAINSTREAM OF SOCIETY-BUILDING PUBLIC AWARENESS, GREATER CREDIBILITY, AND WIDER AUDIENCES FOR STORYTELLING AMONG THE GENERAL PUBLIC. 10 10 22 50 0 650838 700887 690379 132329 37584 66104 147865 83074 1526666 982394 0 0 640355 696789 0 76311 876173 605180 1516528 1301969 10138 -319575 1934639 1654736 625455 639583 1309184 1015153 X TO CREATIVELY APPLY THE POWER OF STORYTELLING TO ENRICH THE HUMAN EXPERIENCE AND ENHANCE THE QUALITY OF LIFE BY ADDRESSING THE CHALLENGES AND OPPORTUNITIES IN TODAY'S SOCIETY AND TO INFUSE STORYTELLING INTO THE MAINSTREAM OF SOCIETY-BUILDING PUBLIC AWARENESS, GREATER CREDIBILITY, AND WIDER AUDIENCES FOR STORYTELLING AMONG THE GENERAL PUBLIC. false false 917299 31704 THE ANNUAL STORYTELLING FESTIVAL WHICH FEATURES PERFORMANCES AND CONCERTS FROM A VARIETY OF FEATURED STORYTELLERS. HISTORICALLY, THE ANNUAL EVENT IS HELD IN HISTORIC JONESBOROUGH, TENNESSEE. HOWEVER, DUE TO THE COVID-19 PANDEMIC, THIS EVENT WAS CONVERTED TO A ONLINE EVENT WITH LIVE STREAMING. THE ANNUAL STORYTELLING FESTIVAL WAS TO BE HELD IN OCTOBER OF 2024 BUT WAS CANCELLED DUE TO THE DEVASTATION AND DESTRUCTION CAUSED BY HURRICANE HELENE THAT HIT THE REGION IN LATE SEPTEMBER OF 2024. 19302 26600 PROGRAM DEVELOPMENT INCLUDING CREATION AND DEVELOPMENT OF STORYTELLING PROGRAMS, PROJECTS AND TEACHING AIDS. 49646 74025 STORYTELLING LIVE PROGRAM FEATURING STORYTELLERS PERFORMING CONCERTS AT THE STORYTELLING CENTER IN HISTORIC JONESBOROUGH, TENNESSEE. THE STORYTELLING LIVE PROGRAM WAS A LIVE IN-PERSON PROGRAM. THIS PROGRAM DID ENTAIL ONE VIRTUAL STREAMING EVENT EACH WEEK FOR THOSE UNABLE TO TRAVEL. 986247 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 34 0 22 true false false false false false false false false X 10 10 false false false false false false false true true false false false true true true false false false false false TN X X SANDY REAVES 4239138216 116 WEST MAIN STREET JONESBOROUGH TN 37659 MICHAEL CARSON PRESIDENT 40.00 X 76868 0 0 ADAM BOOTH DIRECTOR 1.00 X 0 0 0 TERRY COUNTERMINE DIRECTOR 1.00 X 0 0 0 ADAM DICKSON DIRECTOR 1.00 X 0 0 0 LYN FORD DIRECTOR 1.00 X 0 0 0 ARIEL GRATCH VICE CHAIRMA 1.00 X X 0 0 0 LYNDA HARRIS CHAIRWOMAN 1.00 X X 0 0 0 DANA HELVEY DIRECTOR 1.00 X 0 0 0 CAYDEN MAK SECRETARY 1.00 X X 0 0 0 SUE O'HALLORAN DIRECTOR 1.00 X 0 0 0 LEE PATTERSON DIRECTOR 1.00 X 0 0 0 76868 false false false 142200 558687 52915 700887 THEATER ADMISSIONS 74025 74025 FESTIVAL & OTHER EVENTS 31704 31704 SPONSORSHIP 26600 26600 132329 42378 42378 31263 31263 31263 31263 473396 1529 451199 22197 1529 23726 23726 244 -244 84622 36117 48505 48505 OTHER INCOME 3550 3550 3550 982394 184384 97367 601714 465438 87087 49189 49630 38390 7183 4057 45445 35153 6577 3715 10736 10736 4889 4889 57975 57975 27435 21472 4806 1157 134731 103972 28405 2354 20635 15679 3052 1904 3522 256 3266 35467 23054 12413 10898 10898 EQUIPMENT RENT 71625 66124 5501 HONORARIUMS 62150 62150 PROFESSIONAL SERVICES 60579 36931 17649 5999 TECHNICAL SERVICES 45671 19575 24658 1438 58867 35445 20190 3232 1301969 986247 239411 76311 366336 185533 507769 522169 106500 8523 4630 4000 41011 56563 17096 39159 1649700 1621123 58229 28577 483798 488820 1083 83 344294 325202 1934639 1654736 36601 17474 241688 296907 347166 325202 625455 639583 X 1263046 945936 46138 69217 1309184 1015153 1934639 1654736 X -319575 25544 X false true X true false X 763879 1093545 802895 650838 700887 4012044 763879 1093545 802895 650838 700887 4012044 423266 3588778 27732 46116 65479 92681 73641 305649 4317693 2612053 0.83120 0.83690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1316280 1314461 1819 62775 61175 1600 150565 127292 23273 120080 118195 1885 28577 OPERATING RIGHT-OF-USE LEASE OBLIG. 314163 DEFERRED LEASE EXPENSE - RIGHT-OF-US 11039 325202 OPERATING LEASE OBLIGATIONS - L/T 301297 OPERATING LEASE OBLIGATIONS - CURREN 23905 325202 X 1039410 25544 36361 61905 977505 4889 4889 982394 1333441 36361 36361 1297080 4889 4889 1301969 SCHEDULE D, PAGE 3, PART X ISC HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE(IRS) AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE, EXCEPT FOR TAXES ON INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY ISC AND RECOGNIZE A TAX LIABILITY(OR ASSET) IF ISC HAS AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY ISC THAT WOULD REQUIRE A RECOGNITION OR A LIABILITY(OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ISC'S RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX(FORM 990) FOR THE TAX YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 36,361 SCHEDULE D, PAGE 4, PART XI, LINE 4B INVESTMENT FEES 4,889 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 36,361 SCHEDULE D, PAGE 4, PART XII, LINE 4B INVESTMENT FEES 4,889 SCHEDULE D, PAGE 4, PART XIII IN FEBRUARY 2016, FASB ISSUED ASU 2016-02 "LEASES(TOPIC 842)". THIS GUIDANCE REQUIRES RECOGNITION OF RIGHTS AND OBLIGATIONS ARISING FROM LEASE CONTRACTS WITH LEASE TERMS OF MORE THAN 12 MONTHS, INCLUDING EXISTING AND NEW ARRANGEMENTS, AS ASSETS AND LIABILITIES ON THE BALANCE SHEET. THE EFFECTIVE DATE OF THIS STANDARD WAS AMENDED BY ASU 2020-05 TO APPLY TO FISCAL YEARS BEGINNING AFTER DECEMBER 31, 2021. AMOUNTS RECOGNIZED AS RIGHT-OF-USE ASSETS RELATED TO FINANCE AND OPERATING LEASES ARE INCLUDED IN NON-CURRENT ASSETS ON THE BALANCE SHEET WHILE RELATED LEASE LIABILITIES ARE INCLUDED IN THE CURRENT AND LONG-TERM DEBT. ISC HAS A SINGLE LEASE RECOGNIZED UNDER THE NEW STANDARD THAT WAS NOT CAPITALIZED UNDER PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. ISC'S LEASE FOR THEIR PRIMARY OFFICE SPACE IS WITH LESSOR TOWN OF JONESBOROUGH, TENNESSEE. THE LEASE HAS A SINGLE RENEWABLE FIVE-YEAR TERM. BEGINNING JANUARY 1, 2022, INITIAL ANNUAL LEASE PAYMENTS WERE 47,080 INCREASING 5% EACH FIFTH YEAR OF THE LEASE ON DECEMBER 1, 2023 AND DECEMBER 1, 2028. NO RESTRICTIONS OR COVENANTS ARE NOTED IN THE LEASE AGREEMENT PERTAINING TO ANY RESIDUAL VALUE GUARANTEES PROVIDED BY THE LESSEE OR RELATING TO DIVIDENDS OR INCURRING ADDITIONAL FINANCIAL OBLIGATIONS. ADDITIONALLY, ISC DOES NOT PAY A PERCENTAGE OF COMMON AREA MAINTENACE CHARGES OR OTHER COSTS. ON JANUARY 1, 2022, ISC RECORDED ON IT'S BALANCE SHEET THE NET PRESENT VALUE OF THIS RIGHT-OF-USE ASSET AND LEASE OBLIGATION FOR OPERATING LEASE IN THE AMOUT OF 377,455. AS OF DECEMBER 31, 2024 AND 2023, RIGHT-OF-USE ASSETS RELATED TO THE OPERATING LEASE, NET OF AMORTIZATION, WAS 314,163 AND 336,509, RESPECTIVELY. X 1 5835 X 1 47080 false false false FORM 990 - ORGANIZATION'S MISSION TO CREATIVELY APPLY THE POWER OF STORYTELLING TO ENRICH THE HUMAN EXPERIENCE AND ENHANCE THE QUALITY OF LIFE BY ADDRESSING THE CHALLENGES AND OPPORTUNITIES IN TODAY'S SOCIETY AND TO INFUSE STORYTELLING INTO THE MAINSTREAM OF SOCIETY-BUILDING PUBLIC AWARENESS, GREATER CREDIBILITY, AND WIDER AUDIENCES FOR STORYTELLING AMONG THE GENERAL PUBLIC. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION PROVIDES A DRAFT COPY OF FORM 990 IN PDF FORMAT FOR THE BOARD'S TREASURER, EXECUTIVE DIRECTOR AND FINANCE DIRECTOR FOR THEIR REVIEW PRIOR TO THE 990 BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE BEST INTERESTS OF THE INTERNATIONAL STORYTELLING CENTER (ISC) REQUIRE THAT ANY POTENTIAL CONFLICT OF INTEREST BE DISCLOSED FULLY, AND ON A TIMELY BASIS, TO THE BOARD OF GOVERNORS (BOARD). ISC VIEWS TIMELY DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST NECESSARY TO ENSURE THAT ISC'S RESOURCES ARE USED IN THE MOST JUDICIOUS MANNER AND THAT THE GOALS OF THE ISC ARE NOT COMPROMISED IN ANY WAY. ISC BOARD AND STAFF MEMBERS MUST AVOID ALL CONFLICTS OF INTEREST AND THE APPEARANCE OF CONFLICT OF INTEREST TO ENSURE THE ISC'S INTEGRITY. 1. A CONFLICT OF INTEREST MAY EXIST WHEN THE DIRECT OR INDIRECT FINANCIAL INTERESTS OR CONCERNS OF ANY BOARD OR STAFF MEMBER (OUTSIDE THEIR EMPLOYMENT RELATIONSHIP) OR OF SAID PERSON'S IMMEDIATE FAMILY OR ANY INDIVIDUAL, GROUP, OR ORGANIZATION TO WHICH SAID PERSON HAS ALLEGIANCE, OR IN WHICH SAID PERSON HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, MAY BE SEEN AS CONTRARY TO THE INTERESTS OR CONCERNS OF ISC. 2. WHEN AN UNDISCLOSED CONFLICT OF INTEREST IS SUSPECTED, THE INTERESTED PERSON SHALL CALL THE POTENTIAL CONFLICT TO THE ATTENTION OF THE CHAIRPERSON OF THE BOARD OF GOVERNORS OF ISC. IN ADDITION, ANY BOARD OR STAFF MEMBER WHO BECOMES AWARE OF A POTENTIAL CONFLICT OF INTEREST INVOLVING ANOTHER BOARD OR STAFF MEMBER SHALL CALL IT TO THE ATTENTION OF THE CHAIRPERSON OF THE BOARD OF GOVERNORS OF ISC. THE INTERESTED PERSON SHALL PROVIDE THE CHAIRPERSON WITH ANY AND ALL RELEVANT INFORMATION ON THE PARTICULAR MATTER. WITHIN TEN (10) BUSINESS DAYS OF RECEIPT OF NOTICE OF A SUSPECTED CONFLICT OF INTEREST, THE CHAIRPERSON OF THE BOARD OF GOVERNORS SHALL INFORM THE EXECUTIVE COMMITTEE OF THE BOARD THAT A POTENTIAL CONFLICT OF INTEREST MAY EXIST. THE CHAIRPERSON SHALL THEN UNDERTAKE A TIMELY AND APPROPRIATE INVESTIGATION, GIVE HIS OR HER WRITTEN OPINION CONCERNING THE EXISTENCE OF A CONFLICT, AND MAKE WRITTEN RECOMMENDATIONS FOR APPROPRIATE ACTION TO THE ENTIRE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL THEN VOTE AS TO AN APPROPRIATE ACTION INCLUDING DISMISSING THE ISSUE WITHOUT FURTHER CONSIDERATION OR FORWARDING THE APPROPRIATE ACTION TO THE FULL BOARD OF GOVERNORS IF THE ISSUE REGARDS A BOARD MEMBER, OR THE PRESIDENT, IF THE ISSUE REGARDS A STAFF MEMBER. THERE SHALL BE NO ADVERSE CONSEQUENCES TO ANY PERSON FOR ADHERING TO THE REQUIREMENTS OF THIS POLICY. 3. WHEN THE EXECUTIVE COMMITTEE DECIDES TO REFER A POTENTIAL CONFLICT OF INTEREST TO THE ENTIRE BOARD, THE MATTER SHALL BE RESOLVED BY A VOTE OF THE BOARD, EXCLUDING THE PERSON CONCERNED (IF A BOARD MEMBER). THE INTERESTED PERSON SHALL NOT BE PRESENT DURING THE DISCUSSION OR DECISION ON THE MATTER. THE BOARD SHALL BE RESPONSIBLE FOR THE ULTIMATE DISPOSITION OF POTENTIAL CONFLICT OF INTEREST. ISC SHALL ENTER INTO NO CONTRACT OR FINANCIAL ARRANGEMENT OR TRANSACTION IN WHICH A CONFLICT OF INTEREST MAY EXIST WITHOUT EXPRESSED APPROVAL OF TWO-THIRDS OF THE BOARD MEMBERS PRESENT AND ELIGIBLE TO VOTE. 4. THE MINUTES OF THE MEETING OF THE BOARD SHALL STATE THAT THE POTENTIAL CONFLICT OF INTEREST WAS DISCLOSED AND STATE THAT THE INTERESTED PERSON, IF A BOARD MEMBER, DID NOT VOTE ON THE DSCISION. THE MINUTES WILL ALSO STATE WITH SPECIFICITY THE DECISION REACHED BY THE BOARD AND THE BASIS FOR IT. 5. A COPY OF THIS CONFLICT OF INTEREST STATEMENT SHALL BE FURNISHED TO EACH BOARD AND STAFF MEMBER WHO IS CURRENTLY SERVING ISC OR WHO MAY HEREAFTER BECOME ASSOCIATED WITH IT. EACH CURRENT BOARD AND STAFF MEMBER SHALL SIGN THE ATTACHED ACKNOWLEDGMENT AND DELIVER THE SIGNED ORIGINAL TO THE PRESIDENT, WHO SHALL MAINTAIN A FILE OF ALL SUCH ORIGINALS. EACH NEW BOARD OR STAFF MEMBER SHALL SIGN THE ACKNOWLEDGMENT AND DELIVER IT TO THE PRESIDENT AT THE TIME OF ELECTION OR HIRING, AS APPLICABLE. THIS POLICY AND ITS APPLICATION SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF BOARD AND STAFF MEMBERS. 6. THE FAILURE OF ANY EMPLOYEE TO STRICTLY COMPLY WITH THE TERMS OF THIS CONFLICT OF INTEREST POLICY SHALL BE DEEMED GROUNDS FOR PROBATION, SUSPENSION, OR DISMISSAL. ANY BOARD MEMBER FAILING TO COMPLY WITH THIS POLICY WILL BE ASKED TO RESIGN FROM THE BOARD OF GOVERNORS. FORM 990, PAGE 6, PART VI, LINE 19 COPIES OF THE GOVERNING DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 COST OF GOODS SOLD 36,361 INVESTMENT FEES -4,889 COST OF GOODS SOLD -36,361 INVESTMENT FEES 4,889