Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $960,412

• 1f · All other contributions, gifts and grants

  $3,721,911

• 1g · Noncash contributions included above

  $199,763

• 2a · Program service revenue: TICKET SALES

  total $22,757,958 · related or exempt $22,757,958

• 2b · Program service revenue: SHOW INVESTMENT/CONTRACT INCOME

  total $201,892 · related or exempt $201,892

• 2c · Program service revenue: OTHER TICKET FEE INCOME

  total $22,635 · related or exempt $22,635

• 3 · Investment income

  total $625,398 · excluded $625,398

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

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

  securities $2,064

• 7c · Gain or loss

  securities -$2,064

• 7d · Net gain or loss

  total -$2,064 · excluded -$2,064

• 8a · Fundraising events: gross income

  $65,705

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

  $960,412

• 8b · Fundraising events: direct expenses

  $567,898

• 8c · Net income from fundraising events

  total -$502,193 · excluded -$502,193

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0 · unrelated business $0

• 11a · Other revenue: INSURANCE SETTLEMENT PROCEEDS

  total $7,252 · excluded $7,252

• 11e · Other revenue, total

  $7,252

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $60,000 · program services $60,000

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $952,217 · program services $243,766 · management and general $329,027 · fundraising $379,424

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $2,303,993 · program services $1,271,164 · management and general $657,976 · fundraising $374,853

• 8 · Pension plan contributions

  total $19,841 · program services $12,672 · management and general $7,169

• 9 · Other employee benefits

  total $328,462 · program services $192,536 · management and general $77,666 · fundraising $58,260

• 10 · Payroll taxes

  total $217,994 · program services $108,714 · management and general $60,908 · fundraising $48,372

• 11a · Fees: management

  total $484,597 · program services $276,235 · management and general $86,655 · fundraising $121,707

• 11b · Fees: legal

  total $1,788 · management and general $1,788

• 11c · Fees: accounting

  total $88,450 · management and general $88,450

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $29,423 · management and general $29,423

• 11g · Fees: other

  total $1,470,529 · program services $1,469,341 · fundraising $1,188

• 12 · Advertising and promotion

  total $1,843,162 · program services $1,724,349 · management and general $92,257 · fundraising $26,556

• 13 · Office expenses

  total $574,575 · program services $314,563 · management and general $148,272 · fundraising $111,740

• 14 · Information technology

  total $171,754 · program services $100,668 · management and general $44,606 · fundraising $26,480

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $2,038,156 · program services $1,956,676 · management and general $81,480

• 17 · Travel

  total $163,460 · program services $7,682 · management and general $96,450 · fundraising $59,328

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $987 · management and general $987

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $60,104 · management and general $60,104

• 23 · Insurance

  total $243,429 · program services $112,826 · management and general $130,603

• 24a · Other expenses: COMPANY PAYMENTS

  total $14,044,462 · program services $14,044,462

• 24b · Other expenses: PARKING

  total $774,333 · program services $762,876 · fundraising $11,457

• 24c · Other expenses: OTHER PRODUCTION COSTS

  total $574,212 · program services $409,266 · management and general $7,625 · fundraising $157,321

• 24d · Other expenses: FOOD AND BEVERAGE

  total $45,924 · program services $3,090 · management and general $42,834

• 24e · All other expenses

  total $159,625 · program services $40,867 · management and general $112,867 · fundraising $5,891

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,550,692 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $14,937,598 · end of year $6,838,924

• 3 · Pledges and grants receivable

  beginning of year $836,960 · end of year $1,183,022

• 4 · Accounts receivable

  beginning of year $0 · end of year $0

• 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 $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $198,748 · end of year $254,150

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

  $672,611

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

  $545,657

• 10c · Land, buildings and equipment, net

  beginning of year $165,086 · end of year $126,954

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $9,681,462

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $2,350,993 · end of year $3,184,740

• 17 · Accounts payable and accrued expenses

  beginning of year $982,094 · end of year $667,320

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $1,863,326 · end of year $2,196,662

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $106,320 · end of year $528,853

• 27 · Net assets without donor restrictions

  beginning of year $15,622,674 · end of year $15,967,411

• 28 · Net assets with donor restrictions

  beginning of year $1,465,663 · end of year $1,909,006

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: KENNETH NOVICE PARTICIPATED IN A 457F PLAN. THIS IS A 3 YEAR PLAN BEGINNING 11/1/2021 THROUGH 10/31/2024. EQUAL QUARTERLY AMOUNTS EACH YEAR. TOTALS FOR EACH YEAR ARE: YR 1 -$37,500, YR 2 - $38,750, YR 3 - $40,000. ALL WITH A VESTED DATE OF 10/31/2024.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• USEFULMAJIC LLC

  MUSIC THEATRE · TX · income $0 · assets $0

  Directly controlled by BD