Ruth Eckerd Hall Inc.

“The chair of the executive committee shall be the chair of the board of directors and the other members of the executive committee shall be the other officers of the organization and such other members of the organization as may be appointed by the chair and approved by the board of directors. The executive committee may exercise the powers of the board of directors during any period when the board of directors is not meeting, subject to such limitations as may be imposed by the board of directors. The executive committee shall report to the board of directors of any action taken.”

“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.”

“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. The sound opened 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 2024: ruth eckerd hall was: - named 2024 theatre of the year by ieba (international entertainment buyers association) - named best concert venue by readers of tampa bay magazine - named best concert venue by tampa bay newspapers during 2024, 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 - 10 in the united states with 2,500 seats or less - #13 in the world of venues with 2,500 seats or less -#53 venue overall in the world in 2023, billboard magazine ranked ruth eckerd hall #4 concert venue in the united states and #6 in the world of venues with 2,500 seats or less. (this ranking is based on gross tickets sales during the period of 11/1/23 - 9/30/24) in 2024, the nancy and david bilheimer capitol theatre was: - named best small concert venue by readers of tampa bay magazine - named #3 concert venue by tampa bay newspapers during 2024, 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 - #38 club venue overall in the world in 2024, the baycare sound was: - named best outdoor concert venue by tampa bay magazine - named best newcomer by visit st. Pete clearwater (chamber) - named best live music venue by visit st. Pete clearwater (chamber) - 2024 amphitheater of the year finalist by ieba (international entertainment buyers association) during 2024, industry trade publication pollstar ranked the baycare sound*: - #2 in tampa bay area of amphitheaters with 10,000 person capacity or less - #4 in florida of amphitheaters with 10,000 person capacity or less - #4 in the united states of amphitheaters with 10,000 person capacity or less - #9 in the world of amphitheaters with 10,000 person capacity or less - #9 amphitheater overall in the world * these rankings are based on gross ticket sales during the period of 11/16/23-5/15/24 - named 2024 stellar awards/nonprofit excellence award by amplify clearwater (chamber). 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 for two consecutive years, and three of the last five years (2020, 2023, 2024) 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, gra”

“Equipment/production: program service expenses 1,157,406. Management and general expenses 0. Fundraising expenses 25,517. Total expenses 1,182,923. Consultant fees: program service expenses 22,400. Management and general expenses 26,384. Fundraising expenses 20,000. Total expenses 68,784. Artist fees & teachers: program service expenses 9,933,239. Management and general expenses 0. Fundraising expenses 357,300. Total expenses 10,290,539. Payroll/cobra processing: program service expenses 41,985. Management and general expenses 11,658. Fundraising expenses 3,598. Total expenses 57,241. Security/police: program service expenses 624,334. Management and general expenses 0. Fundraising expenses 38,396. Total expenses 662,730. Stagehands: program service expenses 1,041,211. Management and general expenses 0. Fundraising expenses 8,202. Total expenses 1,049,413. Co-promoter expense: program service expenses 753,414. Management and general expenses 0. Fundraising expenses 0. Total expenses 753,414.”

“Change in value of split interest agreements 28,388. Change in fair value of interest rate swap agreement write off of uncollectable pledges 9,179.”

“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.”