Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $107,099

• 1d · Related organizations

  $7,500

• 1e · Government grants (contributions)

  $1,612,858

• 1f · All other contributions, gifts and grants

  $2,220,926

• 1g · Noncash contributions included above

  $89,335

• 2a · Program service revenue: PRESENTATIONS

  total $15,496,674 · related or exempt $15,496,674

• 2b · Program service revenue: FACILITY AND TICKET FEES

  total $2,367,057 · related or exempt $2,367,057

• 2c · Program service revenue: USAGE FEES

  total $686,837 · related or exempt $686,837

• 2d · Program service revenue: CONTRACTUAL AGREEMENTS

  total $220,000 · related or exempt $220,000

• 2e · Program service revenue: EDUCATION PROGRAMS

  total $650 · related or exempt $650

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $178,255 · excluded $178,255

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $257,996

• 7b · Less cost or other basis and sales expenses

  securities $222,743

• 7c · Gain or loss

  securities $35,253 · other assets $0

• 7d · Net gain or loss

  total $35,253 · excluded $35,253

• 8a · Fundraising events: gross income

  $72,407

• 8a · Fundraising events: contributions included on line 1c

  $107,099

• 8b · Fundraising events: direct expenses

  $72,474

• 8c · Net income from fundraising events

  total -$67 · excluded -$67

• 9a · Gaming: gross income

  $3,290

• 9c · Net income from gaming

  total $3,290 · excluded $3,290

• 10a · Gross sales of inventory

  $1,691,187

• 10b · Cost of goods sold

  $613,628

• 10c · Net income from sales of inventory

  total $1,077,559 · excluded $1,077,559

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $741,148 · program services $514,299 · management and general $84,796 · fundraising $142,053

• 7 · Other salaries and wages

  total $4,172,415 · program services $3,148,574 · management and general $739,230 · fundraising $284,611

• 8 · Pension plan contributions

  total $329,828 · program services $277,461 · management and general $42,213 · fundraising $10,154

• 9 · Other employee benefits

  total $613,939 · program services $524,871 · management and general $72,783 · fundraising $16,285

• 10 · Payroll taxes

  total $354,619 · program services $272,351 · management and general $54,165 · fundraising $28,103

• 11b · Fees: legal

  total $4,429 · program services $4,429

• 11c · Fees: accounting

  total $68,190 · program services $10,400 · management and general $57,790

• 11f · Fees: investment management

  total $12,500 · management and general $12,500

• 11g · Fees: other

  total $2,063,447 · program services $2,039,215 · management and general $23,501 · fundraising $731

• 12 · Advertising and promotion

  total $464,556 · program services $464,556

• 13 · Office expenses

  total $163,412 · program services $121,661 · management and general $30,068 · fundraising $11,683

• 14 · Information technology

  total $185,105 · program services $91,992 · management and general $91,946 · fundraising $1,167

• 15 · Royalties

  total $243,211 · program services $243,211

• 16 · Occupancy

  total $744,645 · program services $624,117 · management and general $120,528

• 17 · Travel

  total $23,845 · program services $17,532 · management and general $1,994 · fundraising $4,319

• 18 · Travel or entertainment for public officials

  total $0 · program services $0 · management and general $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $2,354 · program services $2,181 · management and general $123 · fundraising $50

• 20 · Interest

  total $384 · program services $83 · management and general $301

• 22 · Depreciation, depletion and amortization

  total $527,061 · program services $527,061

• 23 · Insurance

  total $302,489 · program services $286,240 · management and general $16,249

• 24a · Other expenses: PRODUCTION REIMBURSEMENT AND TICKET SALES NET

  total $9,315,931 · program services $9,315,931

• 24b · Other expenses: THEATRE AND EDUCATION OPERATIONS

  total $2,706,442 · program services $2,649,401 · management and general $38,542 · fundraising $18,499

• 24c · Other expenses: MARKETING

  total $131,446 · program services $110,191 · management and general $76 · fundraising $21,179

• 24d · Other expenses: IN-KIND EXPENSE

  total $80,414 · program services $64,771 · fundraising $15,643

• 24e · All other expenses

  total $95,260 · program services $50,002 · management and general $32,773 · fundraising $12,485

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,052,472 · end of year $1,574,305

• 2 · Savings and temporary cash investments

  beginning of year $4,206,796 · end of year $4,457,306

• 3 · Pledges and grants receivable

  beginning of year $325,327 · end of year $948,857

• 4 · Accounts receivable

  beginning of year $429,325 · end of year $869,486

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $45,688 · end of year $53,297

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,020,901 · end of year $1,083,200

• 10a · Land, buildings and equipment: cost or other basis

  $9,187,211

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,002,913

• 10c · Land, buildings and equipment, net

  beginning of year $5,738,550 · end of year $7,184,298

• 11 · Investments: publicly traded securities

  beginning of year $1,932,905 · end of year $2,160,011

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $3,000 · end of year $29,910

• 17 · Accounts payable and accrued expenses

  beginning of year $1,958,413 · end of year $1,050,515

• 19 · Deferred revenue

  beginning of year $7,992,664 · end of year $8,726,887

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $279,581 · end of year $279,152

• 27 · Net assets without donor restrictions

  beginning of year $6,411,578 · end of year $6,463,780

• 28 · Net assets with donor restrictions

  beginning of year $1,112,728 · end of year $1,840,336

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

The Executive Compensation Committee (The "Committee") of the Board of Trustees of Roosevelt University, a related organization and sole corporate member, reviews and approves the cash and non-cash compensation policies and programs and major changes in the organization's benefit plan that are applicable to the Chief Executive Officer of the Auditorium.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

BOARD MEMBER AND PRESIDENT OF ROOSEVELT UNIVERSITY, A RELATED ORGANIZATION, HAS DEFERRED COMPENSATION ARRANGEMENTS PER HIS CONTRACT. $45,000 WAS DEFERRED AND $0 WAS DISTRIBUTED THIS TAX YEAR.

Schedule J, Part I, Line 7 Non-fixed payments

THE ORGANIZATION PAID DISCRETIONARY, NON-FIXED BONUSES TO LISTED INDIVIDUALS DURING THE YEAR. EACH BONUS WAS AWARDED BASED ON GENERAL JOB PERFORMANCE FACTORS, INCLUDING EXTRAORDINARY EFFORT, SUCCESSFUL REPRESENTATION OF THE ORGANIZATION, AND CONTRIBUTIONS TO GROWTH. EACH BONUS WAS APPROVED PURSUANT TO THE REVIEW AND APPROVAL PROCESS FOR DETERMINING COMPENSATION FOR THE INDIVIDUALS.