2024-10-17T13:27:33-05:00 2024-06-30 251031405 MCGILL POWER BELL & ASSOC LLP 10 WOODLAND CENTER DRIVE GROVE CITY PA 16127 990 2023-07-01 251395314 SALTWORKS THEATRE COMPANY SALT 4126216150 939 CALIFORNIA AVE PITTSBURGH PA 15202 NORMA ALRUTZ EXECUTIVE DIRECTOR 4126216150 2024-10-09 1 1 BRUCE A LAWRENCE P01329574 7244587490 2023 2024-10-15 13:58:12Z NORMA ALRUTZ 939 CALIFORNIA AVE PITTSBURGH PA 15202 231922 0 X WWW.SALTWORKS.ORG X 1982 PA TO CREATE, PRODUCE AND PERFORM CONTEMPORARY DRAMATIC WORKS ON SOCIAL ISSUES WHICH ADDRESS THE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF YOUTH AND FAMILY. 12 12 7 10 0 0 142524 169183 23044 41825 -9165 2369 -6580 -6972 149823 206405 0 0 0 0 131484 138985 0 0 4425 48662 53301 180146 192286 -30323 14119 207596 236849 9937 11549 197659 225300 TO CREATE, PRODUCE AND PERFORM CONTEMPORARY DRAMATIC WORKS ON SOCIAL ISSUES WHICH ADDRESS THE PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS OF YOUTH AND FAMILY. 0 0 172466 41825 SALTWORK PRODUCES ORIGINAL PLAYS THAT EDUCATE, CHALLENGE, AND INSPIRE K-12 TO MAKE HEALTHY CHOICES WHEN FACED WITH VARIOUS SOCIAL ISSUES INCLUDING DRUGS AND ALCOHOL, BULLYING, PRESCRIPTION DRUGS, SOCIAL SKILLS, ETC. WE TYPICALLY PERFORM 100-130 SHOWS PER SCHOOL YEAR TO OVER 18,000 STUDENTS THROUGHOUT PENNSYLVANIA. WE ALSO CONDUCT A YOUNG ACTOR STUDIO FOR CHILDREN AGES 10-16 WHERE A WELL-ROUNDED EDUCATION IN THEATRE BASED ON LITERATURE CAN BE OBTAINED. THIS TAKES PLACE IN VARIOUS LOCATIONS IN ALLEGHENY COUNTY AND IS DONE IN EIGHT-WEEK SEMESTERS AND SUMMER CAMPS. 172466 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 PA X THE ORGANIZATION 4126216150 939 CALIFORNIA AVE PITTSBURGH PA 15202 AMBER FANTINI CHAIR 1.00 X X 0 0 0 SUSAN HUCKESTEIN SECRETARY 0.80 X X 0 0 0 KAY BURKOT TREASURER 0.80 X X 0 0 0 SARAH GETTY DIRECTOR 0.80 X 0 0 0 LOAN HUTTON DIRECTOR 0.80 X 0 0 0 LAURA KRONK DIRECTOR 0.80 X 0 0 0 EMMA LEE DIRECTOR 0.80 X 0 0 0 LEAH MCCORD DIRECTOR 0.80 X 0 0 0 KELLY MORGANO DIRECTOR 0.80 X 0 0 0 DR AUDRA REDICK DIRECTOR 0.80 X 0 0 0 DR JENNIFER TEPE DIRECTOR 0.80 X 0 0 0 KATHY WOLL DIRECTOR 0.80 X 0 0 0 NORMA ALRUTZ EXECUTIVE DIRECTOR 40.00 X 64644 0 7105 64644 0 7105 0 0 0 0 0 29338 139845 169183 PERFORMANCE OF PLAYS 711110 41825 41825 41825 3474 3474 17440 18545 -1105 -1105 -1105 0 29338 6972 -6972 -6972 206405 41825 0 -4603 56760 51084 4257 1419 60140 54125 4511 1504 11594 10434 870 290 10491 9442 787 262 4600 4140 460 1450 1450 1825 1825 1671 1671 9809 8828 736 245 2800 2800 13650 12285 1024 341 2716 2444 204 68 1276 1148 128 314 283 23 8 6910 6219 518 173 MISCELLANEOUS 4582 4123 344 115 PERFORMANCE EXPENSES 1656 1573 83 COSTUMES, PROPS AND SET 42 42 192286 172466 15395 4425 28370 24171 32654 57979 50725 50707 332 18 146240 154681 207596 236849 9274 9344 663 5 0 2200 9937 11549 X 51419 41609 146240 183691 197659 225300 207596 236849 14119 13522 0 X 1 X 0 0 0 X 121267 115581 180014 142524 169183 728569 121267 115581 180014 142524 169183 728569 170587 557982 7183 1155 2340 2761 3474 16913 873 87 214 122 1296 746778 95913 0.74720 0.78360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 146240 8441 154681 138515 7725 146240 176741 -38226 138515 135588 41153 176741 124719 10869 135588 1.00000 1 0 50725 50707 18 18 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT INVESTMENT PLAN STATES THAT THE FUND MANAGER SHALL DISTRIBUTE 4% OF THE FUND'S AVERAGE FAIR MARKET VALUE EACH YEAR, ON A QUARTERLY BASIS. THE REQUIRED DISTRIBUTIONS ARE MADE IN THE SUBSEQUENT YEAR. EARNINGS IN EXCESS OF THE 4% FAIR MARKET VALUE SHALL BE ADDED TO THE PRINCIPAL. DISTRIBUTIONS WILL NOT BE MADE IF THE FAIR MARKET VALUE FALLS BELOW THE STARTING PRINCIPAL. AN ADDITIONAL PURPOSE OF THE FUND IS TO PROVIDE A SOURCE OF FUNDS FOR A TIME WHEN THE ORGANIZATION MAY FACE A FINANCIAL EMERGENCY, SUBJECT TO ANY FUNDS BEING UTILIZED, IN SUCH A MANNER WHICH IS CONSISTENT WITH THE ORIGINAL DONOR RESTRICTIONS. IN 2009, THE ORIGINAL DONOR GRANTED THE ORGANIZATION THE ABILITY TO UTILIZE UP 50% OR $50,000 OF THE ORIGINAL GIFT FOR OPERATIONAL NEEDS WITH THE INTENT TO REPAY. THE ORGANIZATION ASSUMES ALL RISK ASSOCIATED WITH THE ENDOWMENT ASSETS AND THE RELATED MARKET AND INTEREST RATE CHANGES RELATED TO THE ORGANIZATION'S INVESTMENT OF THESE MONIES. WHERE THE MARKET VALUE HAS DECLINED BELOW THE ORIGINAL GIFT CORPUS, THE ORGANIZATION REPORTS A DECREASE IN ITS UNRESTRICTED NET ASSETS THROUGH A REDUCTION IN ITS INVESTMENT IN SECURITIES. SUBSEQUENT RECOVERY OF INVESTMENT MARKET VALUE WILL REDUCE PREVIOUSLY ACCRUED DEFICITS, WITH UNRESTRICTED AMOUNTS REINSTATED FIRST. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THEIR EXEMPT PURPOSE. INTEREST AND PENALTIES RELATED TO INCOME TAX REPORTING ARE RECOGNIZED WHEN INCURRED AND ARE INCLUDED IN ADMINISTRATIVE AND GENERAL EXPENSES ON THE STATEMENTS OF ACTIVITIES. MANAGEMENT HAS DETERMINED THE ORGANIZATION HAS NO ACTIVITIES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT) DURING THE YEARS ENDED JUNE 30, 2024 AND 2023. THE ORGANIZATION HAS NOT BEEN SUBJECT TO ANY INCOME TAX PENALTIES OR INTEREST FOR ALL OPEN YEARS. FALL BENEFIT 29338 29338 4209 2763 29338 29338 4209 2763 6972 -6972 FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY COMPARISON WITH LIKE-MINDED ORGANIZATIONS WITH SIMILAR BUDGETS AND THE LONGEVITY OF THE DIRECTOR. THE AMOUNT OF COMPENSATION IS LIMITED BY THE ORGANIZATION'S ABILITY TO PAY. AT LEAST TWO BOARD MEMBERS WILL REVIEW EXECUTIVE DIRECTOR'S COMPENSATION ANNUALLY. HIS/HER SALARY IS ONLY ADJUSTED FOLLOWING THE REVIEW. IF CHANGED, THE REVIEW COMMITTEE MAKES A RECOMMENDATION WHICH IS VOTED ON BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE FOR INSPECTION UPON REQUEST BY CONTACTING NORMA ALRUTZ, THE EXECUTIVE DIRECTOR, AT 412-621-6150.