2024-11-13T08:22:13-06:00 2023-12-31 BRYANS & GRAMUGLIA CPAS LLC 1 PINE WEST PLAZA SUITE 107 ALBANY NY 12205 990 2023-01-01 223756598 FOOTHILLS PERFORMING ARTS CENTER FOOT 6074312080 24 MARKET STREET ONEONTA NY 138200977 GEOFFREY DOYLE EXECUTIVE DIRECTOR 6074312080 2024-11-12 1 ROBERT V GRAMUGLIA P00454779 5184528055 2024-11-12 2023 2024-10-15 13:58:12Z GEOFFREY DOYLE PO BOX 977 ONEONTA NY 13820 722307 0 X WWW.FOOTHILLSPAC.ORG X 2000 NY TO CONSTRUCT AND OPERATE A PERFORMING ARTS AND CONFERENCE CENTER. 12 12 16 31 -19239 0 1216938 306059 145153 291354 6650 11692 4129 -3480 1372870 605625 0 0 0 0 135223 167984 0 0 53309 461193 563881 596416 731865 776454 -126240 6671759 6561214 575621 585465 6096138 5975749 TO CONSTRUCT AND OPERATE A PERFORMING ARTS AND CONFERENCE CENTER. 0 0 490566 307113 DEVELOPMENT, CONSTRUCTION AND MANAGEMENT OF A PERFORMING ARTS AND CONFERENCE CENTER. 490566 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 16 0 16 1 1 1 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 1 1 1 1 0 0 1 1 0 NY X X JOHNA PEACHIN 6074312080 426 CHESTNUT ST ONEONTA NY 138200977 DAVID LEAHY PRESIDENT 1.00 X X 0 0 0 RACHEL LUTZ-JESSUP TREASURER 1.00 X X 0 0 0 BETTY LEE VICE PRESIDENT 1.00 X X 0 0 0 TRACEY STEFANELLI SECRETARY 1.00 X X 0 0 0 CHARLOTTE HILL BOARD MEMBER 1.00 X 0 0 0 VALERIE SECOR BOARD MEMBER 1.00 X 0 0 0 ALLISON TABOR-CHURCH BOARD MEMBER 1.00 X 0 0 0 NATE ROBERTS BOARD MEMBER 1.00 X 0 0 0 MOIRA ROUGGLY BOARD MEMBER 1.00 X 0 0 0 MICHELE CLAPPERTON BOARD MEMBER 1.00 X 0 0 0 ALYSA BLASSETTI-SPRAGUE BOARD MEMBER 1.00 X 0 0 0 KATHERINE VARADI BOARD MEMBER 1.00 X 0 0 0 GEOFFREY DOYLE EXECUTIVE DIRECTOR 40.00 X 58500 0 0 58500 0 0 0 0 0 0 0 10000 296059 306059 FACILITY FEES 900099 157159 157159 PROGRAM FEES 711190 87479 87479 PROGRAM SPONSORSHIP 711190 40505 40505 OTHER REVENUE 900099 6211 6211 291354 5219 5219 63393 56920 6473 6473 6473 56282 59762 -3480 15759 -19239 605625 307113 -19239 11692 58500 13320 37207 7973 101322 17666 68893 14763 2054 468 1306 280 6108 1391 3885 832 6500 6500 13122 13122 11112 11112 9671 1900 6909 862 58904 46100 6402 6402 17562 17562 265182 236358 14412 14412 21973 18390 2389 1194 EVENT EXPENSES 62808 62808 REPAIRS/MAINTENANCE 56365 42274 11273 2818 SUPPLIES 19293 2997 15010 1286 PAYMENT IN LIEU OF TAXE 1504 1340 82 82 19885 16880 600 2405 731865 490566 187990 53309 560 1210 559998 356781 3175 6326 691 4241 9774733 3738112 5962370 6036621 144965 156035 6671759 6561214 25721 47232 549900 538233 575621 585465 X 5511327 5563542 584811 412207 6096138 5975749 6671759 6561214 -126240 5851 0 X X 1 X 0 1 0 X 254108 182277 696837 1216938 306059 2656219 254108 182277 696837 1216938 306059 2656219 2656219 8999 2402 6800 4666 5219 28086 5074 7740 14259 27073 2711378 780903 0.97970 0.97260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 144965 17543 5799 674 156035 178268 -25460 7165 678 144965 167455 13794 2585 396 178268 154126 16245 2573 343 167455 135015 22210 2932 167 154126 0.00000 1.00000 0 0 207557 207557 9142934 3313870 5829064 424242 424242 0 6036621 X PART V, LINE 4: INCOME GENERATED SHALL BE USED FOR GENERAL CORPORATE PURPOSES. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION EXEPMT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED FASB ASC 740-10 WHICH REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITION. FOR TAX-EXEMPT ENTITIES, THEIR TAX EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, SINCE EVENTS COULD OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. HOWEVER, THE ORGANIZATION HAS NO KNOWLEDGE OF EVENTS OR CIRCUMSTANCES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IMPLEMENTED FASB ASC 740-10 AND ITS CURRENT ACCOUNTING POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE ORGANIZATION HAS NOT RECOGNIZED ANY BENEFITS FROM UNCERTAIN TAX POSITIONS IN 2023 AND BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE STATEMENT OF FINANCIAL POSITION DATE. THE ORGANIZATION EVALUATED ITS TAX POSITION AND CONCLUDED THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION, BASED ON TECHNICAL MERITS. THE INFORMATION RETURNS OF THE ORGANIZATION FOR 2020, 2021, AND 2022 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. CHARLOTTE HILL BOARD MEMBER 16000 CONTRIBUTION 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, LINE 11B - THE COMPLETED 990 WILL BE PRESENTED TO THE EXECUTIVE COMMITTEE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, LINE 12C - PRIOR TO ELECTION TO THE BOARD, AND THEREAFTER ON AN ANNUAL BASIS, ALL DIRECTORS AND OFFICERS SHALL DISCLOSE IN WRITING, TO THE BEST OF THEIR KNOWLEDGE, ANY INTEREST SUCH DIRECTOR MAY HAVE IN ANY CORPORATION, ORGANIZATION, PARTNERSHIP OR ANY OTHER ENTITY WHICH PROVIDES PROFESSIONAL OR OTHER GOODS OR SERVICES TO THE CORPORATION FOR A FEE OR OTHER COMPENSATION, AND ANY POSITION OR OTHER MATERIAL RELATIONSHIP SUCH DIRECTOR OR OFFICER MAY HAVE WITH ANY OTHER NOT-FOR-PROFIT CORPORATION WITH WHICH THE CORPORATION HAS AN ATTORNEY-CLIENT OR OTHER BUSINESS RELATIONSHIP (COLLECTIVELY, A "CONFLICT OF INTEREST"). A COPY OF EACH DISCLOSURE STATEMENT SHALL BE AVAILABLE TO ANY DIRECTOR OF THE CORPORATION ON REQUEST. IF AT ANY TIME DURING HIS OR HER TERM OF SERVICE, A DIRECTOR ACQUIRES ANY INTEREST OR OTHERWISE A CIRCUMSTANCE ARISES WHICH MAY POSE A CONFLICT OF INTEREST, THAT INTEREST OR OTHER CONFLICT SHALL BE PROMPTLY DISCLOSED IN WRITING TO THE PRESIDENT OF THE BOARD. WHEN ANY MATTER FOR DECISION OR APPROVAL COMES BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD IN WHICH A DIRECTOR HAS AN INTEREST OR CONFLICT OF INTEREST, THAT INTEREST OR CONFLICT OF INTEREST SHALL BE IMMEDIATELY DISCLOSED IN WRITING TO THE BOARD OR RELEVANT COMMITTEE BY THAT DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15B - SALARIES ARE SUBMITTED TO THE EXECUTIVE COMMITTEE BY THE BOARD PRESIDENT, THE EXECUTIVE COMMITTEE THEN MAKES THE DECISION. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, LINE 19 - NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990 - PART XII - LINE 2C - THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.