Carolina Youth Theatre

“Sales tax recovery 1,175 total 1,175”

“Name: nc community foundation address: 3737 glenwood ave., suite 460 raleigh, nc 27612 cash contribution: 105,000 name: clayton high school performing arts address: 600 s. Fayetteville st. Clayton, nc 27520 cash contribution: 25,000”

“Expenses office 333 total 333”

“Early in the short tax year ended october 31, 2022, the directors /officers /board of carolina youth theatre (hereinafter cyt) agreed to postpone any classes and theatre productions while the direction/future of cyt was contemplated. After a great deal of consideration, the executive committee of cyt voted, following the procedures set out in the cyt bylaws, on a plan of dissolution. There were, therefore, no program revenues or expenditures in 2022. All expenditures in 2022 were administrative/general and disbursements of remaining organization assets to other 501(c)(3) charitable organizations.”

“In support of other 501(c)(3) organizations whose organizational purpose is similar to that of carolina youth theatre (cyt), this filing entity distributed its remaining assets to those other organizations in accordance with the plan of dissolution, approved by vote of the executive committee of cyt, in compliance with cyt's bylaws. The organizations and their relevant information, who were the recipients of the distributions of the final assets of cyt, are listed in schedule n, attached to this final form 990-ez.”

“Form 990-ez, part v, other information, 34: ____________________________________________ the executive committee of carolina youth theatre (hereinafter cyt) held a special meeting on september 14, 2022, the purpose of which was to vote on a dissolution plan of cyt. There being a quorum of voting directors, the plan was approved. The meeeting and the plan of dissolution were carried out in accordance with cyt's bylaws. Further, in accordance with the bylaws, all assets of cyt; after all amounts due were collected and liabilities/expenses were paid; have been contributed to two other 501(c)(3) organizations whose organizational purpose is similar to that of cyt's. Acknowledgements of the gifts were received from the donee organizations to be maintained with cyt's financial records.”