2020-06-30T12:44:35-05:00 2019-08-31 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2018-09-01 581791724 NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION NORT 7043791242 130 NORTH TRYON STREET CHARLOTTE NC 28202 TOM GABBARD PRESIDENT/CEO 7043791242 2020-06-16 1 AMY BIBBY P00445891 8282542254 2020-06-16 99.47.28.203 2020-06-16 07:32:19 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 48FB394F9AA065459641371F168D9F2AFFFBB473 2018 2020-09-23 17:36:50Z TOM GABBARD 130 NORTH TRYON STREET CHARLOTTE NC 28202 43913429 0 X WWW.BLUMENTHALARTS.ORG X 1987 NC SEE PART III LINE 1 25 25 588 497 268806 35021 5995486 3565432 31786204 36509044 9057 57385 2830572 3137012 40621319 43268873 70800 0 0 0 7525671 7309883 0 0 852037 29190401 35903802 36786872 43213685 3834447 55188 59434567 50417578 24461073 16645345 34973494 33772233 X TO PRESENT THE BEST IN THE PERFORMING ARTS AND, IN PARTNERSHIP WITH OTHERS, SHARE AND EMPLOY THE ARTS AS A MAJOR CATALYST TO STRENGTHEN EDUCATION, BUILD COMMUNITY COHESIVENESS, AND ADVANCE ECONOMIC GROWTH. 0 0 41459421 37996085 SEE SCHEDULE OBLUMENTHAL PRESENTED 467 DIVERSE PERFORMANCES OF MUSIC, MUSICAL THEATER, PLAYS, DANCE, COMEDY AND ORIGINAL WORKS ON SIX STAGES STRETCHED ACROSS FIVE BLOCKS IN UPTOWN CHARLOTTE THIS YEAR. EDUCATION, OUTREACH AND ACCESS PROGRAMS FOR YOUTH, FAMILIES, AND ADULTS WERE OFTEN UNDERWAY SEVERAL TIMES A WEEK. IN TOTAL LAST YEAR, BLUMENTHAL PERFORMING ARTS HOSTED OVER 800 PERFORMANCES, CLASSES, EVENTS AND ACTIVITIES ON ITS THREE CAMPUSES IN UPTOWN CHARLOTTE.BLUMENTHAL PERFORMING ARTS MISSION IS TO PRESENT THE BEST IN THE PERFORMING ARTS AND, IN PARTNERSHIP WITH OTHERS, SHARE AND EMPLOY THE ARTS AS A MAJOR CATALYST TO STRENGTHEN EDUCATION, BUILD COMMUNITY COHESIVENESS AND ADVANCE ECONOMIC GROWTH. THIS IS ACCOMPLISHED THROUGH A VARIETY OF EDUCATIONAL PROGRAMS SUCH AS THE BLUMEY AWARDS, WHICH CELEBRATES EXCELLENCE IN HIGH SCHOOL MUSICAL THEATER, AND THROUGH THE JUNIOR THEATER PROGRAM FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS, WHICH USES MUSICAL THEATER TO FOSTER CREATIVITY, PROBLEM SOLVING, TEAMWORK, CONFIDENCE, SPEAKING ABILITY, AND A STRONGER AFFINITY FOR SCHOOL. OPEN MIC NIGHTS, THE CHARLOTTE JAZZ FESTIVAL, SOUNDS ON THE SQUARE AND OTHER FREE OPPORTUNITIES BUILD COMMUNITY AROUND FAMILY PARTICIPATION IN THE PERFORMING ARTS. 2019 MARKED THE RETURN OF CHARLOTTE SHOUT, A WEEKLONG, COMMUNITY-WIDE FESTIVAL THAT OFFERED BOTH FREE AND TICKETED EVENTS SHOWCASING PERFORMING ARTS, VISUAL ARTS, FOOD AND BEVERAGE OFFERINGS, AND INNOVATIVE PRESENTATIONS. A SIGNATURE PROGRAM, ARTS FOR ALL, LEVERAGES COMMUNITY DONATIONS TO PROVIDE TICKETS TO THE HOTTEST SHOWS FOR STUDENTS AND FAMILIES WHO OTHERWISE WOULD BE SHUT OUT FROM PERFORMANCES LIKE DISNEY'S ALADDIN. OVER 3,100 TICKETS WERE PURCHASED FOR STUDENTS AND FAMILIES THIS YEAR THROUGH ARTS FOR ALL INITIATIVES.THE PROGRAMMING THAT BLUMENTHAL PRESENTS HAS BECOME AN ECONOMIC POWERHOUSE, AS WELL, AND INFUSED MORE THAN $58.3 MILLION INTO OUR AREA ECONOMY THIS PAST YEAR. BLUMENTHAL PERFORMING ARTS REACHED MORE THAN 300,000 INDIVIDUALS LAST YEAR ALONE AND HAS ALTERED THE CULTURE, ECONOMY, AND LANDSCAPE OF THE CHARLOTTE REGION IN WAYS THAT ENRICH ALL ITS CITIZENS. 41459421 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 353 0 1 588 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X X X STEVE BRACE 7043791242 130 NORTH TYRON STREET CHARLOTTE NC 28202 X JEFFREY HAY BOARD CHAIR 5.00 X X 0 0 0 KRISTIN HILLS BRADBERRY COMMITTEE CHAIR 5.00 X X 0 0 0 MATTHEW SALISBURY SECRETARY 5.00 X X 0 0 0 BARBARA MEEKS COMMITTEE CHAIR 5.00 X X 0 0 0 ROBERT CHESNEY COMMITTEE CHAIR 5.00 X X 0 0 0 SCOTT TOZIER COMMITTEE CHAIR 5.00 X X 0 0 0 REGINALD BEAN COMMITTEE CHAIR 5.00 X X 0 0 0 RENEE HOBART COMMITTEE CHAIR 5.00 X X 0 0 0 KEVIN WHITE TREASURER 5.00 X X 0 0 0 RICHARD BATTLE BOARD MEMBER 3.00 X 0 0 0 BRIAN CROMWELL BOARD MEMBER 3.00 X 0 0 0 CHARLIE ELBERSON BOARD MEMBER 3.00 X 0 0 0 JONATHAN FELT BOARD MEMBER 3.00 X 0 0 0 MICHELLE LEE BOARD MEMBER 3.00 X 0 0 0 ANJALI SHAH BOARD MEMBER 3.00 X 0 0 0 GAIL SHARPS MYERS BOARD MEMBER 3.00 X 0 0 0 BOBBY DRAKEFORD BOARD MEMBER 3.00 X 0 0 0 GEORGE RAFTELIS BOARD MEMBER 3.00 X 0 0 0 ERIN LAVELY FISHER BOARD MEMBER 3.00 X 0 0 0 DENA DIORIO BOARD MEMBER 3.00 X 0 0 0 JULIE EISELT BOARD MEMBER 3.00 X 0 0 0 JOHN GIANNUZZI BOARD MEMBER 3.00 X 0 0 0 PORTIA MACKINNON BOARD MEMBER 3.00 X 0 0 0 COURTNEY ROGERS BOARD MEMBER 3.00 X 0 0 0 SUSANNE MCGUIRE BOARD MEMBER 3.00 X 0 0 0 TOM GABBARD PRESIDENT 60.00 X 606816 0 154546 WILLIAM DANTOS VP OF THEATER OPERATIONS 60.00 X 163193 0 43484 STEVE BRACE VP OF ADMIN/CFO 60.00 X 207533 0 50195 WENDY OGLESBY VP OF MARKETING & COMM. 50.00 X 165215 0 43261 ELIZABETH LAW VP OF DEVELOPMENT 50.00 X 132907 0 25372 RALPH BECK DIRECTOR OF EDUCATION 50.00 X 115196 0 11927 HARRY CAMPBELL DIRECTOR OF IT 50.00 X 103063 0 11442 1493923 0 340227 7 0 1 0 PHILIP TOUR LLC 1501 BROADWAY 24TH STREET NEW YORK NY 10036 BROADWAY SHOW 7083517 BUENA VISTA THEATRICAL GROUP LTD 214 WEST 42ND STREET NEW YORK NY 10036 BROADWAY SHOW 3699834 PHANTOM TOURING LLC 7135 MINS SUITE 105 COLUMBIA MD 21045 BROADWAY SHOW 1555122 JUMAMOSI TOUR LIMITED PARTNERSHIP 1501 BROADWAY SUITE 1614 NEW YORK NY 10036 BROADWAY SHOW 860943 WAITRESS TOUR LLC 165 W 46TH ST SUITE 1202 NEW YORK NY 10036 BROADWAY SHOW 739468 29 150000 914526 2500906 130334 3565432 THEATRE EVENTS 711110 35586634 35317828 268806 EVENT PARKING 711110 798564 798564 EVENT FOOD AND BEVERAG 711110 123846 123846 36509044 57385 57385 1221968 138687 0 0 1221968 138687 1360655 1360655 2131597 644556 1487041 1487041 MISCELLANEOUS 711110 289316 289316 289316 43268873 37727279 268806 1707356 1688937 1168728 284200 236009 4501324 4212240 58684 230400 135975 127332 1820 6823 667076 628656 20930 17490 316571 296157 4159 16255 50526 44101 6425 10988 9321 1667 35000 35000 55275 55275 1358274 1356624 1650 2229604 2191037 38567 924023 841638 49867 32518 911331 911331 517345 517345 748682 621332 78317 49033 27802 24054 2763 985 692677 692677 182771 182771 PRODUCTION COSTS 26339582 26339582 MISCELLANEOUS 1148988 880690 159620 108678 EQUIPMENT/BUILDING PURC 363956 363956 SHOW INVESTMENT LOSSES 125000 125000 181978 14849 53500 113629 43213685 41459421 902227 852037 14660 14660 21228901 12834121 638688 262530 4116257 4646465 52170 67621 965531 968232 11943483 9105110 2925965 2838373 13101972 13120162 16390423 15665414 59434567 50417578 2900153 2175104 21177218 13911367 383702 558874 24461073 16645345 X 5816288 5977525 15552004 14189506 13605202 13605202 34973494 33772233 59434567 50417578 X 55188 -1183514 -72934 X X 0 1 X 1 0 X 3232897 3824555 4411306 5995486 3565432 21029676 22543461 29004260 22037202 32714468 37996085 144295476 1410250 1410250 1410250 1847250 1847250 7925250 27186608 34239065 27858758 40557204 43408767 173250402 101101 97500 98500 215000 189825 701926 0 101101 97500 98500 215000 189825 701926 172548476 155694 62491 25291 9057 57385 309918 155694 62491 25291 9057 57385 309918 83193 86036 61595 36528 267352 146215 169870 206086 212946 289316 1024433 27571710 34557462 28151730 40815735 43755468 174852105 0.98680 0.98010 0.00180 0.00900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22555676 42024 -48352 81528 22467820 20857745 47900 1721886 71855 22555676 19553528 189758 2071909 957450 20857745 18446698 160121 1206709 260000 19553528 19544954 445432 -848688 695000 18446698 0.60550 0.39450 1 0 4392694 2837138 1555556 7516944 6267972 1248972 33845 33845 2838373 INVESTMENTS IN PERFORMANCES 920597 NONQUALIFIED DEFERRED COMPENSATION PLAN ASSETS 558874 PRESENT VALUE OF FUTURE LEASE CONTRIBUTIONS 4599227 BENEFICIAL INTEREST IN ASSETS HELD IN TRUST 9347658 PLEDGE RECEIVABLE LONG TERM 239058 15665414 NONQUALIFIED DEFERRED COMPENSATION PLAN LIABILITIES 558874 558874 X 44528813 663736 596204 1259940 43268873 0 43268873 45730074 1847250 669138 2516388 43213686 0 43213686 PART V, LINE 4: THE ENDOWMENTS HAVE BEEN ESTABLISHED TO SUPPORT SCHOLARSHIPS, FACILITY RENOVATIONS AND THE OPERATIONS OF THE ORGANIZATION AND ITS FACILITIES. PART X, LINE 2: IN THE UNITED STATES TREASURY DEPARTMENT DETERMINATION LETTER DATED OCTOBER 15, 1992, BPA WAS DETERMINED TO BE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE ARE NO INCOME TAXES PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. BPA HAS ACCRUED $20,000 IN ESTIMATED FEDERAL AND STATE TAXES FOR UNRELATED BUSINESS INCOME FOR THE YEARS ENDED AUGUST 31, 2019 AND 2018, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NET WITH REVENUE 644,556. CHANGE IN BENEFICIAL INTEREST OF ASSETS -48,352. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NET WITH REVENUE 644,556. CHANGE IN BENEFICIAL INTEREST OF ASSETS -55,275. NET ASSETS RELEASED FROM RESTRICTIONS 79,857. X X X X X 0 1 0 1 0 0 0 1 0 TOM GABBARD PRESIDENT 519300 0 87516 0 0 0 139461 0 15085 0 761362 0 0 0 WILLIAM DANTOS VP OF THEATER OPERATIONS 146996 0 16197 0 0 0 36183 0 7301 0 206677 0 0 0 STEVE BRACE VP OF ADMIN/CFO 188203 0 19330 0 0 0 43405 0 6790 0 257728 0 0 0 WENDY OGLESBY VP OF MARKETING & COMM. 152969 0 12246 0 0 0 36517 0 6744 0 208476 0 0 0 ELIZABETH LAW VP OF DEVELOPMENT 121907 0 11000 0 0 0 18753 0 6619 0 158279 0 0 0 PART I, LINE 4B TOM GABBARD, STEVE BRACE, BILL DANTOS, WENDY OGLESBY AND ELIZABETH LAW PARTICIPATE IN A SUPPLEMENTAL DEFINED CONTRIBUTION PLAN. NO CONTRIBUTIONS WERE MADE FOR THE YEAR ENDED AUGEST 31, 2019. PART I, LINE 5 THE PRESIDENT/CEO'S BONUS COMPENSATION IS BASED ON REVENUES AND NET EARNINGS. PART I, LINE 7 STAFF BONUSES ARE AWARDED ON MERIT. THE BONUS POOL IS ESTABLISHED BY THE BOARD OF TRUSTEES I.E. $100K. FROM THIS, TWO POOLS ARE CREATED, A BASE POOL (80%) AND A RESERVE POOL (20%). THE BASE POOL IS THEN DIVIDED BY DEPARTMENT TO DETERMINE A BASE BONUS POOL FOR EACH DEPARTMENT. THE DEPARTMENT HEAD THEN EVALUATES HIS/HER STAFF AND RECOMMENDS A BONUS FOR EACH PERSON. IF THE DEPARTMENT HEAD FEELS THAT HIS/HER STAFF MEMBER IS DESERVING OF A BONUS THAT EXCEEDS THE DEPARTMENTAL BONUS POOL, THEN A REQUEST FOR ADDITIONAL BONUS FUNDS FROM THE RESERVE POOL ARE REQUESTED. THE PRESIDENT SUBMITS THE REQUEST FOR ALL MEMBERS OF THE SENIOR STAFF CONSISTING OF ALL VP/OFFICERS. THE BASE POOL IS ESTABLISHED ON THE SAME BASIS AS THE DEPARTMENTAL POOLS. THE DEPARTMENT HEAD SUBMITS ALL BONUS REQUEST TO THE PRESIDENT FOR APPROVAL. THE PRESIDENT HAS THE DISCRETION TO APPROVE, REJECT OR MODIFY ALL BONUSES. X FOOD @ CATER 4 66715 FMV X EVENT HOSTING 7 57297 FMV X SERVICES 1 6322 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO MANAGEMENT FOR REVIEW. NEXT, THE FORM 990 IS SUBMITTED TO THE FINANCE & AUDIT COMMITTEE FOR REVIEW AND APPROVAL. LASTLY, THE FORM 990 IS SUBMITTED TO THE EXECUTIVE COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SIGNED CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE GOVERNANCE COMMITTEE. IN THE EVENT OF A POTENTIAL CONFLICT, THE GOVERNANCE COMMITTEE WILL BE RESPONSIBLE FOR MANAGING THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15 EVERY THREE YEARS, A STUDY IS PERFORMED BY AN ADVISORY FIRM (E.G. WILLIS TOWERS WATSON). THIS STUDY IS REVIEWED BY THE COMPENSATION COMMITTEE. IN ADDITION, AMS PACC SALARY SURVEY IS REVIEWED BY MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 18 RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT THE ORGANIZATION'S WEBSITE AND WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE POSTED ON THEIR WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST OF ASSETS 6,923. NET ASSETS RELEASED FROM RESTRICTIONS -79,857. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.