710 Main Street Inc

“Effective july 1, 2013, shea's o'connell preservation guild, ltd. (the "guild) entered into a management agreement with 710 main for a five-year term with an additional five-year automatic extension, in which the guild was appointed as 710 main's sole and exclusive representative, manager, and agent for the purposes of supervising, managing, promoting, maintaining, and operating 710 main theatre. This agreement was automatically extended an additional five-year term effective july 2018 and will again be automatically renewed for an additional five-year term effective july 2023. Monthly management fees under the agreement are $3,333. Total management fees incurred for the year ended june 30, 2024 are $40,000.”

“Shea's o'connell preservation guild, ltd. Is the sole member of 710 main street, inc.”

“Shea's o'connell preservation guild, ltd. (the "guild") is the sole member of 710 main street, inc. The guild will appoint and remove the directors of the organization.”

“All board actions will be subject to approval by the sole member shea's o'connell preservation guild, ltd.”

“A copy of form 990 was provided to the organization's governing body for their approval before it was filed.”

“The organization will review any potential conflict of interest that may arise when entering into transactions or arrangements that may benefit the interest of a board member.”

“The president/ceo and vice president of finance of shea's o'connell preservation guild, ltd. (the "guild"), the sole owner of 710 main street, inc., also hold the same positions at 710 main street, inc. Both employees are paid by the guild and the organization has its own process for review and approval of compensation.”

“The organization makes its governing documents, and financial statements available to the public upon request.”

“Employees are paid from shea's o'connell preservation guild, ltd. (the "guild"), the sole owner of 710 main street, inc. The organization will reimburse the guild for the amount of payroll expense that was incurred. All payroll will be reported through shea's o'connell preservation guild, ltd.”

“Reimbursed payroll costs to shea's o'connell preservation guild, ltd.: program service expenses 366,088. Management and general expenses 62,423. Fundraising expenses 0. Total expenses 428,511. Outside services: program service expenses 0. Management and general expenses 17,312. Fundraising expenses 0. Total expenses 17,312.”