Ruth Eckerd Hall Inc.

“The finance committee reviews the 990 and motions for approval to be brought to the board. The board then reviews the 990 and approves. This may be done in person or electronically depending on the timing of the meetings before the filing deadline.”

“The conflict of interest policy statement is distributed annually to all board members. Members are to disclose any conflicts, sign, and return. There are currently no conflicts, but if there were, the member would be asked to recuse themself from any vote that was a conflict.”

“Compensation for the officers and key employees is recommended by the compensation and benefits committee and formally approved by the board of directors. Comparability data obtained from online sources and publications is utilized in the deliberation and decision process. A written employment contract is prepared.”

“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. The annual financial statements are included in the annual report, which is distributed to community members and constituents.”

“Ruth eckerd hall, inc. ("ruth eckerd hall or organization") is a not-for-profit organization incorporated under the laws of florida in 1978. 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 ("city") for this purpose. The performing arts center and the theater, named ruth eckerd hall at the richard b. Baumgardner center for the performing arts ("center"), 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. Community groups may rent the facility, at reduced rates, through an arrangement between the center and the city. The center is also available for private and commercial rental. The center's primary source of revenue is show admissions. The center provides educational opportunities through the marcia p. Hoffman school of the arts which includes classrooms, private teaching rooms, the murray studio theater which seats 182 for small productions, a teacher resource room/arts library, a visual arts studio, and a sound/video lab. In 2009, ruth eckerd hall and the city of clearwater joined forces to renovate and revitalize the historic 700-seat capitol theater - one of florida's oldest operating theatres - located on downtown clearwater's beautiful cleveland street. This project is part of the plan to re-energize downtown clearwater, and the theatre is an integral part of the unique character of the area. In 2019, thanks to the generosity of longtime members, the 850 seat theatre was renamed nancy and david bilheimer capitol theatre.”

“In december 2022, the organization entered into an agreement with the city of clearwater to operate the sound ("sound") for the purpose of offering entertainment for the local and regional community of the clearwater, florida area. Opening in june 2023, the sound is a 4,000-seat covered, waterfront venue with additional lawn seating for approximately 5,000 guests.”

“In an 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 with more than a 40-year history of achievements: - presented over 6,000 performances since inception (with 283 performances during the current fiscal year at all venues). - presented to more than 8 million people since inception (including over 1.5 million young people) with approximately 290,000 patrons during the current fiscal year at all venues. In 2023: ruth eckerd hall was: - named the best concert venue by readers of tampa bay magazine - named best performing arts venue by readers of tampa bay newspapers - named best live music venue by visit st. Pete clearwater (chamber) during 2023, industry trade publication pollstar ranked ruth eckerd hall*: - #1 in tampa bay area of venues with 2,500 seats or less - #3 in florida of venues with 2,500 seats or less - #6 in the united states with 2,500 seats or less - #8 in the world of venues with 2,500 seats or less -#32 venue overall in the world in 2023, billboard magazine ranked ruth eckerd hall #18 concert venue in the united states with 5,000 seats or less. (this ranking is based on gross tickets sales during the period of 11/1/22 - 9/30/23) in 2023, the nancy and david bilheimer capitol theatre was: - named the best small concert venue by readers of tampa bay magazine during 2023, industry trade publication pollstar ranked the bilheimer capitol theatre*: - #1 in tampa bay area of club venues with 800 seats or less - #1 in florida of club venues with 800 seats or less - #5 in the united states with 800 seats or less - #5 in the world with 800 seats or less - #52 club venue overall in the world in 2023, the sound was: - nominated for best large concert venue (2000 seats or more) by creative loafing the sound opened in june 2023, and within 6 months industry trade publication pollstar ranked the venue*: - #1 in tampa bay area of amphitheater venues with 10,000 seats or less - #3 in florida of amphitheater venues with 10,000 seats or less - #25 in the united states of amphitheater venues with 10,000 seats or less - #28 in the world of amphitheater venues with 10,000 seats or less - #80 amphitheater venue overall in the world (all capacities) * these rankings are based on gross ticket sales during the period of 11/17/22 - 11/15/23 - named non-profit of the year by the clearwater chamber of commerce in 2014 and by the tampa bay business journal in 2013. In 2017, ruth eckerd hall received the clearwater regional chamber judges choice award. Recognized as a top 100 workplaces in 2020 and 2023 by the tampa bay times and in 2022 by the tampa bay business journal. Industry trade publication, venuesnow, named ruth eckerd hall the recipient of the 2021 all-stars award - theater and performing arts center. The venue was a finalist for pollstar's theater of the year several times and for the academy of country music's theater of the year award in 2021 and 2022. - sustained community partnerships: academy prep of st. Petersburg, aging well center, arts for a complete education (ace), city of clearwater, clearwater arts alliance (caa), creative pinellas, exceptional student education centers, grammy museum, hispanic outreach center, homeless empowerment program (hep), john f. Kennedy center for the performing arts, john hopkins all children's hospital, juvenile welfare board (jwb), lealman and asian neighborhood family center, north greenwood recreation & aquatic complex, osher lifelong learning institute at eckerd college (olli), pinellas county schools, pinellas opera l”

“Equipment/production: program service expenses 764,728. Management and general expenses 0. Fundraising expenses 4,986. Total expenses 769,714. Consultant fees: program service expenses 60,428. Management and general expenses 14,988. Fundraising expenses 11,715. Total expenses 87,131. Artist fees & teachers: program service expenses 10,714,590. Management and general expenses 0. Fundraising expenses 87,200. Total expenses 10,801,790. Payroll/cobra processing: program service expenses 0. Management and general expenses 50,177. Fundraising expenses 0. Total expenses 50,177. Security/police: program service expenses 549,755. Management and general expenses 0. Fundraising expenses 22,243. Total expenses 571,998. Stagehands: program service expenses 1,001,145. Management and general expenses 0. Fundraising expenses 5,329. Total expenses 1,006,474. Co-promoter expense: program service expenses 965,531. Management and general expenses 0. Fundraising expenses 0. Total expenses 965,531.”

“Change in value of split interest agreements 14,860. Change in fair value of interest rate swap agreement -28,706. Write off of uncollectable pledges 37,697.”

“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.”