Civic Intelligence

Ruth Eckerd Hall Inc.

990 • Fiscal year 2020 • EIN 59-1803628

Oct 01, 2019 to Sep 30, 2020 • Filed on Apr 23, 2021

1111 Mcmullen Booth RoadClearwater, FL 33759

(727) 791-7060

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$52,262,542

Flat from 2020

Net Assets

Flat

$39,832,183

Flat from 2020

Liabilities

Flat

$12,430,359

Flat from 2020

Revenue And Expenses

Revenue

Flat

$16,582,416

Flat from 2020

Expenses

Flat

$17,847,846

Flat from 2020

Net Income

Flat

-$1,265,430

Flat from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $32,907,475Liabilities 2010: $10,333,551Net Assets 2010: $22,573,9242010Assets 2011: $32,641,215Liabilities 2011: $11,457,964Net Assets 2011: $21,183,2512011Assets 2012: $30,567,548Liabilities 2012: $10,671,871Net Assets 2012: $19,895,6772012Assets 2013: $32,635,471Liabilities 2013: $11,824,791Net Assets 2013: $20,810,6802013Assets 2014: $35,356,529Liabilities 2014: $12,316,426Net Assets 2014: $23,040,1032014Assets 2015: $35,523,325Liabilities 2015: $11,805,159Net Assets 2015: $23,718,1662015Assets 2016: $37,597,358Liabilities 2016: $13,259,089Net Assets 2016: $24,338,2692016Assets 2017: $36,463,806Liabilities 2017: $10,683,594Net Assets 2017: $25,780,2122017Assets 2018: $46,035,776Liabilities 2018: $11,454,005Net Assets 2018: $34,581,7712018Assets 2019: $52,106,348Liabilities 2019: $11,607,193Net Assets 2019: $40,499,1552019Assets 2020: $52,262,542Liabilities 2020: $12,430,359Net Assets 2020: $39,832,1832020Assets 2020: $52,262,542Liabilities 2020: $12,430,359Net Assets 2020: $39,832,1832020Assets 2021: $67,975,805Liabilities 2021: $20,632,563Net Assets 2021: $47,343,2422021Assets 2022: $58,649,898Liabilities 2022: $10,719,123Net Assets 2022: $47,930,7752022Assets 2023: $60,207,333Liabilities 2023: $8,883,111Net Assets 2023: $51,324,2222023Assets 2024: $61,628,129Liabilities 2024: $8,721,768Net Assets 2024: $52,906,3612024

Highlighted filing

2020

Assets$52,262,542
Liabilities$12,430,359
Net Assets$39,832,183

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $18,337,9342010Expenses 2011: $20,084,5182011Expenses 2012: $21,448,4742012Expenses 2013: $20,143,3162013Revenue 2014: $23,625,180Expenses 2014: $21,720,866Net Income 2014: $1,904,3142014Revenue 2015: $22,923,754Expenses 2015: $21,954,382Net Income 2015: $969,3722015Revenue 2016: $24,765,171Expenses 2016: $24,233,815Net Income 2016: $531,3562016Revenue 2017: $27,131,017Expenses 2017: $26,095,695Net Income 2017: $1,035,3222017Revenue 2018: $31,430,482Expenses 2018: $22,985,953Net Income 2018: $8,444,5292018Revenue 2019: $31,398,344Expenses 2019: $25,650,678Net Income 2019: $5,747,6662019Revenue 2020: $16,582,416Expenses 2020: $17,847,846Net Income 2020: -$1,265,4302020Revenue 2020: $16,582,416Expenses 2020: $17,847,846Net Income 2020: -$1,265,4302020Revenue 2021: $20,059,284Expenses 2021: $12,424,537Net Income 2021: $7,634,7472021Revenue 2022: $27,197,367Expenses 2022: $23,839,785Net Income 2022: $3,357,5822022Revenue 2023: $31,899,914Expenses 2023: $30,266,780Net Income 2023: $1,633,1342023Revenue 2024: $32,237,357Expenses 2024: $32,662,807Net Income 2024: -$425,4502024

Highlighted filing

2020

Revenue$16,582,416
Expenses$17,847,846
Net Income-$1,265,430
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Apr 23, 2021
Return Version
2019v5.2
Gross Receipts
$17,104,343
Mission and Program Overview

Mission

Changing lives through performing arts.(see schedule o for a continuation of information)

To engage the community to master, experience, discover and explore quality performing arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,153,693$33,397,068▲ $1,243,375
Investments in Publicly Traded Securities$6,730,821$7,264,927▲ $534,106
Cash and Non-Interest-Bearing Accounts$5,855,723$3,704,331▼ $2,151,392
Pledges and Grants Receivable$4,055,234$3,298,343▼ $756,891
Savings and Temporary Cash Investments-$1,354,841-
Prepaid Expenses and Deferred Charges$264,732$431,233▲ $166,501
Intangible Assets$154,153$132,447▼ $21,706
Inventories for Sale or Use$89,360$91,456▲ $2,096
Accounts Receivable$159,472$36,092▼ $123,380
Total Assets$52,106,348$52,262,542▲ $156,194
Other Assets Total$2,643,160$2,551,804▼ $91,356
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,346,275$7,477,982▲ $3,131,707
Deferred Revenue$5,102,318$4,396,588▼ $705,730
Accounts Payable and Accrued Expenses$2,001,595$426,206▼ $1,575,389
Other Liabilities$119,028$93,668▼ $25,360
Escrow Account Liability$37,977$35,915▼ $2,062
Total Liabilities$11,607,193$12,430,359▲ $823,166
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,958,355$30,801,181▲ $842,826
Net Assets With Donor Restrictions$10,540,800$9,031,002▼ $1,509,798
Total Net Assets Fund Balance$40,499,155$39,832,183▼ $666,972
Total Liabilities and Net Assets / Fund Balance$52,106,348$52,262,542▲ $156,194

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$28,481,108$15,969,493$44,450,601
Equipment$1,178,489$2,522,269$3,700,758
Buildings$2,615,432$986,960$3,602,392
Other Land Buildings$1,084,539$205,656$985,160
Land$37,500-$37,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$8,021,282-▲ $544,152-$8,565,434
2018$7,520,634$98,000▲ $418,601$15,953$8,021,282
2017$6,794,831$519,807▲ $405,047$199,051$7,520,634
2016$6,322,243$280,461▲ $367,654$175,527$6,794,831
2015$5,746,636$428,260▲ $315,322$167,975$6,322,243
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert RossiChief Programming OfficerFT$229,331$37,344$266,675
Zev BuffmanFormer President & CEO-$181,320$75,143$256,463
Susan CrockettPresident & CEOFT$219,499$20,196$239,695
Lori a GloverCFO (10/1/19-1/3/20)FT$119,706$32,652$152,358
Megan BrennanChief Marketing OfficerFT$106,849$13,300$120,149
Sharon Reid-kaneEducation & Outreach OfficerFT$103,634$4,550$108,184
Suzanne DelaneyChief Development OfficerFT$104,662$3,136$107,798
Sarah ProutCFO (11/11/19-present)FT$13,272$605$13,877

Board Members and Trustees

NameTitle
Michael BollenbackChair
Frank HibbardChair (10/1/19-3/25/20)
Barry AlpertImmediate Past Chair
Ray BouchardVice Chair
Adam AbelsonDirector
Brian Aungst JrDirector
Cesar LaraDirector
Charles RiggsDirector
Earle CooperDirector
Elizabeth EnglandDirector
Glenn BergoffenDirector
Glenn WatersDirector
John SimmonsDirector
Laura MaioccoDirector
Phil BeauchampDirector
Scott MclarenDirector
Terry DeebDirector
Thomas FreeDirector
Tracy WestDirector
Joan KlineDirector (10/1/19-1/1/20)
Joyce CottonDirector (10/1/19-1/1/20)
Ken HamiltonDirector (10/1/19-1/1/20)
Randy LoosDirector (10/1/19-1/1/20)
Steve SikaDirector (10/1/19-1/1/20)
Thomas WrightDirector (10/1/19-1/1/20)
James ConlinDirector (10/1/19-10/23/19)
Deborah WhiteSecretary (3/25/20-present)
William SelvidgeTreasurer (1/1/20-present)
Marcus GreeneTreasurer (10/1/19-1/1/20)

Highest Paid Contractors

ContractorServicesLocationCompensation
Creative Contractors INCGeneral Contractor620 DREW ST, Clearwater, FL 33755$6,064,541
Aeg Live Se LLCPromoter/agency1800 AUSTRALIAN AVE S STE 201, West Palm Beach, FL 33409$649,110
Dr Design Group LLCGeneral Contractor1445 COURT ST, Clearwater, FL 33756$463,888
GraybarGeneral ContractorPO BOX 403062, Atlanta, GA 30384$390,350
Aeg Presents LLCPromoter/agency425 W 11TH ST STE 300, Los Angeles, CA 90015$382,540
Revenue and Support

Revenue Composition

Contributions and Grants
$5,021,530
Program Service Revenue
$9,720,942
Investment Income
$423,542
Other Revenue
$1,416,402
All Other Contributions
$1,427,183
Change in Net Assets
$-1,265,430

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$31,008Stock Quote
Food Inventory2$11,000Fair Market Value
Other Non Cash Contri Table1$1,500Fair Market Value
Total Noncash Contributions6$43,508-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,606,559
Revenue Not Reported on Financial Statements
$975,857
Revenue Not Reported on Form 990
$1,152,882
Other Revenue Adjustments
$914,422
Total Revenue per Audited Statements
$16,759,441
Total Revenue per Form 990
$16,582,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,088,973
Salaries, Compensation, and Employee Benefits$5,728,873
Total Fundraising Expense$1,493,963
Grants and Similar Amounts Paid$30,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,953,292$25,975$405,311$6,384,578
Other Salaries and Wages$3,489,900$161,963$423,983$4,075,846
Depreciation Depletion$1,497,164$296,529$80,306$1,873,999
Advertising$729,611$3,104$50,392$783,107
Current Officers, Directors, Trustees, and Key Employees$252,358$435,893-$688,251
Office Expenses$523,930$64,960$60,358$649,248
Occupancy$511,471$59,951$59,964$631,386
Other Employee Benefits$404,520$57,532$55,380$517,432
Insurance$193,673$235,239$46,911$475,823
Payroll Taxes$325,014$61,253$32,620$418,887
Information Technology$135,288$141,741$35,033$312,062
Interest$86,970$108,712$21,742$217,424
Royalties$134,491$1,610$495$136,596
All Other Expenses$12,923$56,630$15,156$84,709
Travel$56,367$1,424$6,102$63,893
Fees for Service Investment Mgmnt Fees-$61,435-$61,435
Fees for Services Accounting$20,940$26,175$5,235$52,350
Grants to Domestic Individuals$30,000--$30,000
Pension Plan Contributions$12,126$11,924$4,407$28,457
Other Expenses$1,594$1,780$20,660$24,034
Fees for Services Legal$9,093$11,366$2,273$22,732
Fees for Services Lobbying$5,082$6,353$1,270$12,705
Conferences and Meetings$1,413$942$7,067$9,422
Total Functional Expenses$14,521,005$1,832,878$1,493,963$17,847,846

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$17,847,846
Total Expenses per Audited Statements$16,609,252
Expenses per Audited Statements$16,006,949
Expenses Not Reported on Financial Statements$1,840,897
Other Expense Adjustments$1,779,462
Expenses Not Reported on Form 990$602,303
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$175,111
Fundraising Gross Income$66,125
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Grand Reopening$464,389$66,125$82,739$-16,614
Total Events$464,389$66,125$175,112$-108,987
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Barry AlpertDirectorRUTH ECKERD HALL HOLDS INVESTMENT ACCOUNTS WITH RAYMOND JAMES & ASSOCIATES, INC. BARRY ALPERT SERVES AS MANAGING DIRECTOR AND SENIOR VICE PRESIDENT AT RAYMOND JAMES & ASSOCIATES, INC. AND IS ALSO A VOTING BOARD MEMBER OF RUTH ECKERD HALL. THE AMOUNT DISCLOSED REPRESENTS INVESTMENT FEES PAID TO THE INVESTMENT COMPANY FOR THE FISCAL YEAR. TERMS FOR THE INVESTMENT ACCOUNTS ARE COMMENSURATE WITH ARM'S LENGTH VALUES TYPICAL FOR SIMILAR ARRANGEMENTS IN THE INDUSTRY. THE BALANCE OF THE INVESTMENTS HELD BY RAYMOND JAMES AS OF FISCAL YEAR END IS $7,264,927.No$61,435
Frank HibbardDirector (term Ended 3/25/20)RUTH ECKERD HALL HOLDS INVESTMENT ACCOUNTS WITH RAYMOND JAMES & ASSOCIATES, INC. FRANK HIBBARD SERVES AS SENIOR VICE PRESIDENT AT RAYMOND JAMES & ASSOCIATES, INC. AND WAS ALSO A VOTING BOARD MEMBER OF RUTH ECKERD HALL THROUGH MARCH 25, 2020. THE AMOUNT DISCLOSED REPRESENTS INVESTMENT FEES PAID TO THE INVESTMENT COMPANY FOR THE FISCAL YEAR. TERMS FOR THE INVESTMENT ACCOUNTS ARE COMMENSURATE WITH ARM'S LENGTH VALUES TYPICAL FOR SIMILAR ARRANGEMENTS IN THE INDUSTRY. THE BALANCE OF THE INVESTMENTS HELD BY RAYMOND JAMES AS OF FISCAL YEAR END IS $7,264,927.No$61,435
Thomas WrightDirector (term Ended 1/1/20)BANK OF AMERICA HANDLES BANKING AND LENDING FOR RUTH ECKERD HALL AND MERRILL LYNCH IS THE ADVISOR FOR THE RUTH ECKERD HALL 403(B) PLAN. THOMAS WRIGHT SERVES AS SENIOR RESIDENT DIRECTOR FOR MERRILL LYNCH WEALTH MANAGEMENT, WHICH IS AFFILIATED WITH BANK OF AMERICA, AND WAS ALSO A VOTING BOARD MEMBER OF RUTH ECKERD HALL THROUGH JANUARY 1, 2020. BANK AND INVESTMENT FEES PAID ARE COMMENSURATE WITH ARM'S LENGTH VALUES TYPICAL FOR SIMILAR ARRANGEMENTS IN THE INDUSTRY. AMOUNTS PAID TO MERRILL LYNCH THROUGH THE 403(B) PLAN ARE NOT READILY AVAILABLE.No$0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability Under Interest Rate Swap Agreement$93,668
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is emailed to the full board for review and comment prior to filing. Any questions are directed to the cfo.

Form 990, Part VI, Section B, Line 12C

Written statements under the conflict of interest policy are required annually of each officer and director. Potential conflicts are reviewed by the governance committee. The persons having a conflict of interest are prohibited from participating in deliberations/decisions in the transaction.

Form 990, Part VI, Section B, Line 15

Compensation for the president/ceo and chief programming officer/executive vp of entertainment is recommended by the compensation and benefits committee and then formally approved by the board of directors. A written employment contract is prepared.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available by calling (727) 791-7060, or by emailing the request to [email protected]. Please reference the finance department in any request.

Filing and Contact Details

Filer

Filer Name
Ruth Eckerd Hall Inc
EIN
59-1803628
Phone
7277917060
Address
1111 MCMULLEN BOOTH ROAD, CLEARWATER, FL 33759

Signing Officer

Name
Sarah Prout
Title
CFO
Phone
7277122762
Signed
2021-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Crockett
Formed
1978
Legal Domicile
Fl
Voting Board Members
20
Independent Board Members
19
Employees
388
Volunteers
242

Preparer

Firm
Cbiz Mhm LLC
Address
13577 FEATHER SOUND DR SUITE 400, CLEARWATER, FL 33762-5539
Preparer
Paul Dunham
Phone
7275721400
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Ruth eckerd hall was organized to support the establishment and operation of a performing arts center and theater facility on property donated to the city of clearwater, florida for this purpose. The facility serves a wide five-county area, comfortably seating 2,180 patrons. The performing arts center and the theater, named ruth eckerd hall at the richard b. Baumgardner center for the performing arts, opened its doors in october 1983. The center, through year-round programming, serves the local and regional community of the tampa bay, florida area by offering a variety of activities that are both educational and entertaining. The theater features broadway shows, orchestral performances, opera, dance, jazz, and popular music. The center provides educational opportunities to the community through its marcia p. Hoffman school of the arts performances and participatory classes in music, dance, and theater. Community groups may rent the facility at reduced rates.

FORM 990, PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS:

In a recent economic and fiscal impact analysis, ruth eckerd hall's activities were found to deliver an estimated economic impact of $86.8m in fy15, which created 753 fte jobs and about $3.4m in local and state government revenue. $25.6m of this impact comes from out-of-state visitors, which is new revenue for florida. On average, each visitor spends $180 above the cost for a ticket. Audiences and artists use over 43,000 hotel rooms per year. Ruth eckerd hall has demonstrated excellence in artistry and leadership in the community through a 40 year history of achievements: -presented over 6,000 performances since inception (with 161 performances during the current fiscal year). -presented to more than 8 million people since inception (including over 1.5 million young people) with approximately 138,000 patrons during the current fiscal year. -the marcia p. Hoffman performing arts institute, opened, 2003 -named "non-profit of the year" by the clearwater chamber of commerce in 2014 and by the tampa bay business journal, 2013. -began programming the historic capitol theatre in downtown clearwater, fl in 2009 (see below for additional details regarding the capitol theatre). During 2020, industry trade publication "pollstar" ranked ruth eckerd hall*: -#1 in tampa bay area of venues with 2,500 seats or less -#4 in florida of venues with 2,500 seats or less -#5 in the united states with 2,500 seats or less -#5 in the world of venues with 2,500 seats or less -#26 venue overall in the world. * these rankings are based on gross ticket sales during the period of 11/22/19 - 11/20/20. Was nominated for theatre of the year by academy of country music (acm) was named the #1 favorite performing arts center by readers at tampa bay newspapers was named the best concert venue by tampa bay magazine was named best live concert venue by visit st. Pete / clearwater -ruth eckerd hall was ranked a top 10 venue nationally during the 15 years of top performing venues by industry trade magazine venues today. -ruth eckerd hall received the 2017 clearwater regional chamber judges choice award. -sustained community program partnerships: pinellas youth symphony, pinellas county schools and school board, st. Petersburg college, usf - st. Petersburg, clearwater jazz holiday foundation, the aging well center/the arc, john hopkins all children's hospital, homeless emergency project (hep), pinellas opera league, clearwater arts alliance, arts for a complete education (ace), and creative pinellas. -susan crockett, ruth eckerd hall president & ceo, was nominated for the annual clearwater chamber of commerce achievehers award and pollstar magazine's annual women of live award. -in june 2018, sharon reid-kane, chief officer of education & outreach / vice president of education & outreach, received the prestigious arts education professional award from the florida alliance for arts education. In 2020, sharon and the marcia p. Hoffman school of the arts at ruth eckerd hall, was nominated for the 2020 tony award excellence in theatre education award. -robert rossi, executive vice president/entertainment, was awarded the 2010 individual contribution momentum award from the clearwater downtown partnership. In 2015, he was nominated for executive of the year for (ieba) international entertainment buyers association awards. In 2018, he was a nominee for clearwater's chamber of commerce "mr. Clearwater" award. -ali turley, ruth eckerd hall director of marketing, was nominated by industry publication venues now for their annual generation next award.

FORM 990, PART III, LINE 4B PROGRAM SERVICE ACCOMPLISHMENTS:

The school is comprised of 3 classrooms, 4 private lesson rooms, 2 rehearsal studios, a recording studio, a visual arts/multi-purpose studio, and a 150-seat theater, as well as office space for school administration and faculty. The year-round programming on site offers exploratory and preparatory classes in all performing arts disciplines. The school also provides arts education experiences off-site in the community. A summer camp series includes a visual arts component in each of its classes. Also on site and at the capitol theatre is the school time series which provides high quality arts performances for schools. Altogether, programming through the school reached 27,306 youths and adults during the 2020 fiscal year. The grammy museum's(r) acclaimed music revolution project(r), an educational initiative developed in 2012, is in its seventh year at the school. The project offers youth and local talented youth in the area the chance to engage in musical workshops, songwriting courses, mentoring sessions, the opportunity to record the material written, and the opportunity to perform before a live audience on the new holt family stage in the kate tiedemann and ellen cotton cabaret theatre.

GENERAL DISCLOSURE OF COVID-19 IMPACT:

In cooperation with global mitigation measures to covid-19, our doors closed on march 14, 2020. Ruth eckerd hall is committed to a safe, smart, step-by-step approach to re-opening our facilities to guests, artists, volunteers and staff. During the eight months of closure, we looked to leaders in public health, explored emerging technologies and implemented new protocols to move forward in a responsible, measured manner, always mindful we have been entrusted with a tremendous asset, built for and supported by this community for almost 40 years. Strategies implemented: -sanitized effectively - invested in a commercial-grade ultraviolet air purification system -screen those coming on-site - acquired walk-through thermal monitoring system -reduce contact with: touchless technology - invested in a concession ordering app modified food and beverage mitigated points of congestion -train team to: adopt protocols respond to illness and manage isolation and containment risk -communicate guidelines and monitor adherence -use a phased approach beginning at 50% with modified social distancing and face coverings -continued to assess public health recommendations, local norms and community demand as a guide to increasing capacity thereafter.

Form 990, Part IX, Line 11G

Equipment/production: program service expenses 251,403. Management and general expenses 3. Fundraising expenses 17,323. Total expenses 268,729. Consultant fees: program service expenses 7,876. Management and general expenses 4,348. Fundraising expenses 50,096. Total expenses 62,320. Artist fees & teachers: program service expenses 4,637,483. Management and general expenses 0. Fundraising expenses 303,900. Total expenses 4,941,383. Payroll/cobra processing: program service expenses 17,367. Management and general expenses 21,227. Fundraising expenses 0. Total expenses 38,594. Security/police: program service expenses 196,657. Management and general expenses 0. Fundraising expenses 21,282. Total expenses 217,939. Stagehands: program service expenses 369,816. Management and general expenses 0. Fundraising expenses 12,313. Total expenses 382,129. Co-promotor expense: program service expenses 439,464. Management and general expenses 0. Fundraising expenses 0. Total expenses 439,464. Enhancement related expenses: program service expenses 4,055. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,055. Auction expense: program service expenses 8,422. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,422. Temporary labor: program service expenses 20,749. Management and general expenses 397. Fundraising expenses 397. Total expenses 21,543.

FORM 990, PART XI, LINE 9:

Change in value of split-interest agreements 22,519. Change in fair value of interest rate swap agreement 25,360. Write off of uncollectable pledges -976.

FORM 990, PART XII, LINE 2C:

The audit committee meets at least twice each year to review the process before the audit commences and again to review/approve the audited financial statement upon completion. The committee recommends approval of the audited financial statements to the full board after review. The board reviews and ratifies the audit report. The committee also provides consultation on related matters as needed. This process, along with the selection of the independent accountant, has not changed from prior years.

Financial Statement Notes

PART III, LINE 4:

Reh commissioned artist christopher still to create a commemorative painting for reh's 25th anniversary. The masterpiece is called "an evening to remember and is hanging in the west lobby of the hall. The painting is a view of the interior of the theatre with many of the major supporters that built ruth eckerd hall represented in the painting as well as ruth eckerd hall's original logo. It provides a significant visual enhancement to the facility for those entering the west lobby.

PART IV, LINE 2B:

The organization holds assets in escrow for certain charitable trust agreements that are payable to the contributor under certain terms and conditions. The organization otherwise retains unrestricted title to the funds from the trust. Those funds are not payable to any other party.

PART V, LINE 4:

The organization's endowment consists of individual funds established to provide a predictable stream of funding to operate programming activities. Its endowment includes both donor-restricted endowment funds and funds designated by the board of directors. The organization is a beneficiary of an externally controlled trust endowment to be held in perpetuity. Income from this fund shall be distributed annually under the terms of the agreement and is to be used for cultural, musical and entertainment purposes.

PART X, LINE 2:

The organization has been granted tax-exempt status under section 501(c)(3) of the internal revenue code. The organization applies asc topic 740, income taxes. A component of this topic prescribes a recognition and measurement standard for uncertain tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. There is no material impact on the organization's financial position or changes in net assets as a result of the application of this standard. The organization's policy is to recognize interest and penalties associated with this standard as a component of income tax expense, when applicable. The organization's information returns are open to irs examination for the 2016 tax year ended september 30, 2017, and all subsequent tax years.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses net with revenue 175,111. Cogs expenses net with revenue 211,238. Rental expenses net with revenue 132,448.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Net investment return 917,552. Loss on disposal of equipment -3,130.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses net with revenue 175,111. Write off of uncollectible pledges 976. Cogs expenses net with revenue 211,238. Rental expenses net with revenue 132,448.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Interest expense separately stated in audit report 217,424. Loan fee amortization separately stated in audit report 22,375. Amortization of intangible assets separately stated in audit report 21,706. Depreciation separately stated in audit report 1,517,957.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt360
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF PROGRAMMING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1FORMER PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3CFO (10/1/19-1/3/20)
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF MARKETING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EDUCATION & OUTREACH OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO (11/11/19-PRESENT)
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER (1/1/20-PRESENT)
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY (3/25/20-PRESENT)
IRS990/Form990PartVIISectionAGrp/TitleTxt12IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.6$8.72$52.9$32.2$32.7$0.43
2023Summary only. Only limited summary data is available for this year.$60.2$8.88$51.3$31.9$30.3$1.63
2022Summary only. Only limited summary data is available for this year.$58.6$10.7$47.9$27.2$23.8$3.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.0$20.6$47.3$20.1$12.4$7.63
2020Detailed filing. Detailed filing data is available for this year.$52.3$12.4$39.8$16.6$17.8$1.27
2020Summary only. Only limited summary data is available for this year.$52.3$12.4$39.8$16.6$17.8$1.27
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.1$11.6$40.5$31.4$25.7$5.75
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.0$11.5$34.6$31.4$23.0$8.44
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.5$10.7$25.8$27.1$26.1$1.04
2016Detailed filing. Detailed filing data is available for this year.$37.6$13.3$24.3$24.8$24.2$0.53
2015Detailed filing. Detailed filing data is available for this year.$35.5$11.8$23.7$22.9$22.0$0.97
2014Detailed filing. Detailed filing data is available for this year.$35.4$12.3$23.0$23.6$21.7$1.90
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.6$11.8$20.8$20.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.6$10.7$19.9$21.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.6$11.5$21.2$20.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.9$10.3$22.6$18.3