2024-05-15T10:09:13-05:00 2023-06-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2022-07-01 340714448 KARAMU HOUSE INC KARA 2167957070 2355 EAST 89TH STREET CLEVELAND OH 44106 TONY SIAS PRESIDENT & CEO 2167957070 2024-05-15 1 TONY SIAS 999009999 0 CHRISTOPHER B ANDERSON P00226559 2163630100 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z TONY SIAS 2355 EAST 89TH STREET CLEVELAND OH 44106 3199564 0 X WWW.KARAMUHOUSE.ORG X 1915 OH TO PRODUCE PROFESSIONAL THEATRE, PROVIDE ARTS EDUCATION AND PRESENT COMMUNITY PROGRAMS FOR ALL PEOPLE WHILE HONORING THE AFRICAN-AMERICAN EXPERIENCE 19 19 30 25 0 0 3706340 2784599 289081 313229 329 1302 221221 100434 4216971 3199564 0 0 0 0 887805 1106105 0 0 491871 1922649 1765932 2810454 2872037 1406517 327527 10362256 9971127 1232503 513847 9129753 9457280 X TO PRODUCE PROFESSIONAL THEATRE, PROVIDE ARTS EDUCATION AND PRESENT COMMUNITY PROGRAMS FOR ALL PEOPLE WHILE HONORING THE AFRICAN-AMERICAN EXPERIENCE 0 0 831507 0 218937 THEATRE PRODUCTIONS - SEE SCHEDULE O 403772 0 77599 SPECIAL PROGRAMS - SEE SCHEDULE O 196594 0 74671 YOUTH AND ADULT ARTS EDUCATION - SEE SCHEDULE O 1431873 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 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 1 132 0 1 30 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OH X TONY SIAS 2167957070 2355 EAST 89TH STREET CLEVELAND OH 44106 MICHAEL JEANS CHAIR 2.00 X X 0 0 0 SHEILA WRIGHT 1ST VICE CHAIR 1.00 X X 0 0 0 KEITH J LIBMAN MEMBER 1.00 X 0 0 0 GINA CHEVERINE SECRETARY 1.00 X X 0 0 0 DR EDWARD M BARKSDALE 2ND VICE CHAIR 1.00 X X 0 0 0 JADE DAVIS MEMBER 1.00 X 0 0 0 DIANE M DOWNING MEMBER 1.00 X 0 0 0 COUNCILMAN BLAINE A GRIFFIN MEMBER 1.00 X 0 0 0 COLETTE M JONES MEMBER 1.00 X 0 0 0 HOWARD L LEWIS MEMBER 1.00 X 0 0 0 ROSHONDA SMITH MEMBER 1.00 X 0 0 0 DAVID M REYNOLDS MEMBER 1.00 X 0 0 0 AUTUMN RUSSELL MEMBER 1.00 X 0 0 0 JAMIL A SANDERS TREASURER 2.00 X X 0 0 0 KAREN HOWSE MEMBER 1.00 X 0 0 0 JENNIFER HURD MEMBER 1.00 X 0 0 0 MICHAEL BOWEN MEMBER 1.00 X 0 0 0 FRANCES CUDJOE WATERS MEMBER 1.00 X 0 0 0 TAMARA HORNE MEMBER 1.00 X 0 0 0 TONY SIAS PRESIDENT & CEO 40.00 X 250000 0 0 ASEELAH SHARIFF COO 40.00 X 119167 0 0 369167 0 0 2 0 1 0 0 1375115 1409484 2784599 THEATER PRODUCTION 711110 218937 218937 ARTS EDUCATION 711110 74671 74671 COMMUNITY PROGRAMS 711110 19621 19621 313229 1302 1302 42456 0 42456 42456 42456 OTHER REVENUE 900099 57978 57978 57978 3199564 371207 0 43758 X 369167 142614 180618 45935 607871 234829 297406 75636 53464 20846 26401 6217 75603 29478 37333 8792 152 152 72238 72238 747291 507242 153268 86781 20218 20218 232921 139754 62888 30279 17143 16214 929 3090 3090 119020 88608 30412 48737 29242 13159 6336 SUPPLIES&FOOD PROV. 180006 120362 11190 48454 FUNDRAISING EXPENSES 169136 169136 INTERNET AND SOFTWARE 62697 43074 13246 6377 EQUIP.RENTAL & REPAIRS 48002 32978 10141 4883 45281 6414 35822 3045 2872037 1431873 948293 491871 4528595 1858430 1016672 423974 12708 284341 16814 16814 34985 29635 9522161 2164318 4752482 7357843 0 90 10362256 9971127 353443 228143 668047 117695 58841 15837 152172 152172 1232503 513847 X 4212915 9301308 4916838 155972 9129753 9457280 10362256 9971127 327527 0 X 0 1 X 1 0 X 5968214 1856063 3275535 3706340 2784599 17590751 5968214 1856063 3275535 3706340 2784599 17590751 3000432 14590319 41072 96741 17861 46798 43758 246230 44506 174752 57978 277236 18114217 1542797 0.80550 0.81140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107100 107100 5010954 1631233 3379721 508092 356265 151827 3896015 176820 3719195 7357843 AES MANAGEMENT CORP NOTE 152172 152172 X 3199564 0 3199564 0 3199564 2872037 0 2872037 0 2872037 PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - KARAMU HOUSE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS CONSIDERED A CHARITABLE CORPORATION. KARAMU HOUSE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS. KARAMU HOUSE'S FEDERAL TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 0 0 0 0 0 0 0 0 0 TONY SIAS PRESIDENT & CEO 250000 0 0 0 0 0 0 0 0 0 250000 0 0 0 PART III, LINE 4 - ADDITIONAL PROGRAM SERVICES INFORMATION: UNDER THE STRATEGIC DIRECTION OF PRESIDENT + CEO TONY F. SIAS, DURING FY23 KARAMU HOUSE CONTINUED TO MEET A NEED FOR HIGH-QUALITY ARTS PROGRAMMING THAT IS SOCIALLY RELEVANT, RESPONSIVE TO THE COMMUNITY, AND ALIGNED TO A SUSTAINABLE FINANCIAL MODEL. KARAMU'S SUSTAINABILITY PLAN IS BUILT ON FIVE KEY ELEMENTS: 1. GOVERNANCE: KARAMU'S BOARD OF DIRECTORS CONTINUED TO STRENGHTEN WITH THE ADDITION OF NEW COMMUNITY LEADERS WHO ARE ADDING A MULTITUDE OF VARIOUS DISCIPLINES AND SKILLSETS TO ASSIST WITH STRENGTHENING THE ORGANIZATION, IN AREAS SUCH AS LEGAL, HUMAN RESOURCES, FUND DEVELOPMENT, BANKING AND MARKETING. BOARD OF DIRECTORS MEMBERS HAVE BEEN ACTIVTELY INVOLVED WITH THE CAPITAL IMPROVEMENTS AND EXPANSION OF THE ORGANIZATION AND ASSISTING WITH HELPING TO BRING NEW EXPOSURE TO THIS HISTORICAL INSTITUTION. 2. PROGRAMMING: KARAMU HOUSE'S THEATRE, ARTS EDUCATION, AND COMMUNITY PROGRAMS SERVED 23,106 PATRONS IN FY23, INCLUDING PAID AND FREE PROGRAMMING. KARAMU REMAINED COMMITTED TO CULTURALLY AND SOCIALLY RELEVANT WORK HONORING THE BLACK EXPERIENCE THROUGH ITS PRODUCT LINES OF THOUGHT-PROVOKING THEATRE PRODUCTION, ARTS EDUCATION FOR LIFELONG LEARNERS, AND COMMUNITY PROGRAMS CELEBRATING BLACK CULTURE. 3. CAPACITY-BUILDING: IN FY23 KARAMU CONTINUED STAFFING PLANS TO BUILD FUND DEVELOPMENT, MARKETING AND COMMUNICATIONS CAPACITY IN ORDER TO GROW THE ORGANIZATION. 4. CAPITAL IMPROVEMENT: PHASE III RENOVATIONS OF THE THEATRE WING THAT HAD BEEN PREVIOUSLY DELAYED DUE TO THE PANDEMIC'S EFFECT ON THE AVAILABLITY AND COST OF CONSTRUCTION BUILDING MATERIALS AND OTHER SUPPLY CHAIN ISSUES WERE CONTINUED IN FY23 WITH A SCHEDULED COMPLETION DATE IN FY24. PHASE III RENOVATIONS WILL CREATE A VIBRANT AND ATTRACTIVE STREETSCAPE ON THE CORNER OF EAST 89TH STREET AND QUINCY AVENUE WITH AN INVITING NEW OUTDOOR EVENT SPACE AND ENTRANCE TO THE MAIN BUILDING. INSIDE, THE NEW SMUCKER'S Q89 BISTRO WILL PROVIDE AN OPTION FOR LIGHT, NUTRITIOUS FARE. IMPROVEMENTS TO THE ARENA THEATRE, LOBBY, AND RESTROOMS WILL PROVIDE AN OVERALL UPDATE AND MEET ADA STANDARDS AND ALLOW FOR PATRONS OF ALL ABILITIES TO BE A PART OF KARAMU'S THEATRE, ARTS EDUCATION, AND COMMUNITY PROGRAMS. BEHIND THE SCENES, RENOVATIONS TO A DANCE STUDIO, DRESSING ROOMS, COSTUME SHOP, SCENE SHOP, AND LANGSTON HUGHES SUITE WILL COMPLETE PHASE III. 5. FINANCIAL STABILITY: KARAMU HOUSE HAS BEEN ABLE TO MANAGE AND MAINTAIN ITS CASH AND CAPITAL INVESTMENT DOLLARS. KARAMU HOUSE MANAGES ITS CASH AVAILABLE TO MEET GENERAL EXPENDITURES BY OPERATING WITHIN A PRUDENT RANGE OF FINANCIAL SOUNDNESS AND STABILITY AND MAINTAINING LIQUID ASSETS. KARAMU UTILIZES ITS BUDGET TO ENSURE THE ORGANIZATION STAYS ON TRACK THROUGHOUT THE FISCAL YEAR. TO ACHIEVE THESE TARGETS, KARAMU HOUSE ALSO FORECASTS ITS FUTURE CASHFLOWS AND MONITORS ITS LIQUIDITY ON A MONTHLY BASIS INTERNALLY, ALLOWING KARAMU THE ABILITY TO MAKE ANY NECESSARY CHANGES TIMELY IF DEEMED NECESSARY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW - FORM 990 IS SUPPLIED TO BOTH MANAGEMENT AND FINANCE COMMITTEE MEMBERS FOR REVIEW PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - BOARD MEMBERS ARE REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICTS TO THE ENTIRE BOARD FOR ANY BOARD DECISION THAT MAY BE A CONFLICT OF INTEREST. ALSO, ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE A RELATED PARTY QUESTIONNAIRE AS PART OF THE ANNUAL AUDIT. IF A CONFLICT IS IDENTIFIED, THE PERSON WITH THE POTENTIAL CONFLICT IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSION OR TO VOTE ON THE TRANSACTION. THE DECISION ABOUT THE TRANSACTION IS MADE BY PERSONS WHO ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW AND APPROVAL - THE COMPENSATION COMMITTEE, COMPRISED OF INDIVIDUALS WHO ARE INDEPENDENT OF THE PRESIDENT AND CEO, REVIEWED COMPENSATION DATA FOR SIMILARLY SITUATED ORGANIZATIONS AND SET THE COMPENSATION FOR THE PRESIDENT AND CEO AS OF JULY 1, 2020. THE COMMITTEE DOCUMENTED ITS DELIBERATIONS IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE ORGANIZATION MAKES ITS ORGANIZING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G ACTORS AND STAFF FOR PRODUCTIONS: PROGRAM SERVICE EXPENSES 507,242. MANAGEMENT AND GENERAL EXPENSES 153,268. FUNDRAISING EXPENSES 86,781. TOTAL EXPENSES 747,291.