Count Basie Theatre Inc.

“William maraccini (theatre board member thru june 2012), nancy mulheren (foundation board member) and judith marrus (theatre and foundation board member) were co-owners of trebies, inc. (company). The theatre purchased 100% of the company. The company's sole activity is the ownership of certain parcels of land adjacent to the theatre that the theatre currently uses for patrons. Stephen cutler (theatre and foundation board member) was an officer of the company. The company entered into a secured promissory note with the three board members for the full purchase price. The mortgage is secured by the land and guaranteed by the theatre. Nancy mulheren and stephen cutler jointly own a real estate management company which did not have any transactions with the theatre or foundation.”

“The by-laws were amended on 10/22/13. Paragraph 6.2 of by-laws was amended which will make it clear : "without the authority of the combined boards, all other officers shall be subject to the authority and the supervision of the chairperson".”

“Draft of form 990 is sent to the full board members for review and approval.”

“The organization requests all board members and key employees to sign an annual conflict of interest policy certification. In addition, board members and key employees are requested to complete an annual form 990 disclosure, which requests disclosure of any interest that could give rise to conflicts.”

“Compensation of all key employees is discussed and approved by the board and/or committee. Compensation is generally based on industry standard.”

“Form 990 is available online at www.guidestar.org. All documents are available upon request.”

“During the year ending june 30, 2014, the boards of the theatre and foundation approved that the foundation will no longer pay for administrative and certain fundraising costs directly. The theatre will charge the foundation a monthly management fee which is meant to cover all the salaries, overhead costs, and other costs that the theatre pays on behalf of the foundation. The management fee for the year ending june 30, 2014 was $370,970 for operating purposes and $172,590 for capital.”

“The count basie theatre's primary mission is to serve the people of the state of new jersey by providing a broad spectrum of quality entertainment and education programs that reflect and celebrate the diversity of the region; foster understanding and appreciation for the ennobling power of the performing arts, creates opportunity for cultural enrichment for people at all economic levels, and honors the memory of red bank native and renowned jazz pianist william james "count" basie. The count basie theatre's educational mission is to provide a foundation of cultural enrichment to students of all ages and economic levels. The theatre's education and outreach programs and its faculty aim to offer an ever-changing suite of programming designed to enrich the count basie theatre community as a whole. The basie regularly contributes to the community by: providing tickets to over 300 non-profit organizations and schools within a 25 mile radius for their fundraising events as auction or raffle items. Producing a number of concerts each year to benefit other non-profits. Offering scholarships for children in basie performing arts education classes. Raising funds to provide arts education classes at local public schools both as in-school and extracurricular classes - all at no expense to the schools. Bussing-in over 4,000 students each year offering a comprehensive program of instruction, transportation and theatre tickets to dozens of local schools. Offering professional development for local elementary school teachers through our partnership with the john f. Kennedy center for the performing arts.”

“The board has approved the audit committee for oversight of the audit.”

“In 2006, the theatre's board approved and created: count basie theatre foundation, inc. (foundation) a separately incorporated 501 (c)(3) organization. Employer identification number:59-3828864. The foundation's mission is to provide operating support to the theatre, raise the capital needed to restore the facility and to create an endowment for the theatre. Seven board members of the theatre also serve on the foundation's board.”