2024-02-13T10:34:30-06:00 2023-06-30 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2022-07-01 521054299 HIPPODROME FOUNDATION INC HIPP 4107277787 416 WEST BALTIMORE BALTIMORE MD 21201 OLIVE WAXTER EXECUTIVE DIRECTOR 4107277787 2024-02-05 1 OLIVE WAXTER XXX-XX-XXXX 0 PHILIP H CORNBLATT CPA P00252478 4107834900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z OLIVE WAXTER 416 WEST BALTIMORE BALTIMORE MD 21201 12713631 0 X WWW.HIPPODROMEFOUNDATION.ORG X 1976 MD SEE SCHEDULE O. 24 23 45 675 0 0 6468095 10331019 1567644 1939853 225740 -23676 83697 12500 8345176 12259696 0 0 0 0 549455 580952 0 0 93821 1630946 1971153 2180401 2552105 6164775 9707591 13272762 23785651 670301 1291838 12602461 22493813 SEE SCHEDULE O. 0 0 2310756 1939853 IN ADDITION TO PRESENTING THE BEST OF NATIONAL TOURING BROADWAY IN BALTIMORE, HIPPODROME FOUNDATION, INC. (HFI) IS COMMITTED TO PROVIDING ACCESS TO THE HIPPODROME - AND ALL OF ITS ASSETS - TO PEOPLE WHO LIVE IN AND VISIT MARYLAND BY PROVIDING FREE OUTREACH AND EDUCATION PROGRAMS IN THE COMMUNITY. BOARD MEMBERS AND STAFF WORK TO PROVIDE PROGRAMS THAT PROVIDE OPPORTUNITIES FOR STUDENTS OF ALL AGES THAT MAKE A DIFFERENCE IN THEIR LIVES - WHETHER AS A CAMP HIPPODROME CAMPER, AS A YOUNG CRITIC REVIEWING SHOWS, A STUDENT ATTENDING ONE OF OUR FREE MATINEES OR AS A DANCER FROM BALTIMORE SCHOOL FOR THE ARTS PARTICIPATING IN A MASTER CLASS. HFI HAS PROVIDED SERVICES TO THOUSANDS OF PEOPLE SINCE THE RE-OPENING OF THE HIPPODROME ON FEBRUARY 10, 2004. 2310756 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 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 1 1 0 0 0 1 17 0 1 45 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 MD X OLIVE WAXTER 4107277787 416 WEST BALTIMORE BALTIMORE MD 21201 ARTHUR F BELL JR MEMBER 5.00 X 0 0 0 BROOKS AMIOT MEMBER 5.00 X 0 0 0 DENISE GALAMBOS MEMBER 5.00 X 0 0 0 DONALD C FRY MEMBER 5.00 X 0 0 0 DONALD HICKEN MEMBER 5.00 X 0 0 0 HERBERT D FRERICHS JR TREASURER 5.00 X X 0 0 0 J MICHAEL RILEY MEMBER 5.00 X 0 0 0 JONATHAN M GENN MEMBER 5.00 X 0 0 0 KURT L SCHMOKE MEMBER 5.00 X 0 0 0 MICHAEL E CRYOR MEMBER 5.00 X 0 0 0 MICHELE L WHELLEY MEMBER 5.00 X 0 0 0 NEIL M MELTZER MEMBER 5.00 X 0 0 0 NICHOLE BACCALA MEMBER 5.00 X 0 0 0 OLIVE WAXTER EXECUTIVE DIRECTOR 40.00 X X 156624 0 48828 ROBERT G MERRICK III MEMBER 5.00 X 0 0 0 WALTER D PINKARD JR CHAIRMAN 5.00 X X 0 0 0 ZACHARY D SHANKMAN MEMBER 5.00 X 0 0 0 KEITH CAMPBELL MEMBER 5.00 X 0 0 0 DENNIS H WEINMAN MEMBER 5.00 X 0 0 0 BRUCE JARRELL MEMBER 5.00 X 0 0 0 ANTHONY L JENKINS PHD MEMBER 5.00 X 0 0 0 MELISSA O MARTINEZ ESQ MEMBER 5.00 X 0 0 0 KOFI OFORI MEMBER 5.00 X 0 0 0 TOM REGNANTE MEMBER 5.00 X 0 0 0 156624 0 48828 1 0 1 0 0 8418585 1912434 10331019 UTILITY REIMBURSEMENT 711110 1051536 1051536 THEATRE SUB-LEASE 711110 482738 482738 TICKET SALES/USHER 711110 224139 224139 PRESENTATION FEES 711110 164784 164784 INSURANCE REIMBURSEMENTS 711110 16656 16656 1939853 60629 60629 369630 453935 -84305 -84305 -84305 FORGIVENESS OF DEBT 711110 12500 12500 12500 12259696 1952353 0 -23676 156624 117468 7831 31325 310137 248110 31013 31014 36251 29001 3625 3625 30522 22891 1527 6104 47418 35564 2370 9484 27729 16448 11281 3995 3995 61348 30674 18405 12269 488945 488945 5254 5254 786 786 163426 99840 63586 HIPPODROME DEVELOPMENT 1051418 1051418 STUDENT MATINEE 52335 52335 MSA PAYMENTS 49260 49260 EDUCATION PROGRAM 44995 44995 21662 19812 1850 2552105 2310756 147528 93821 37258 137931 2166586 814390 185034 177231 4769052 17167078 13023 33989 43842 42436 2192 1406 2246279 2250457 7095 7095 3846243 3196074 13272762 23785651 395301 1029338 275000 262500 670301 1291838 X 6589632 18483349 6012829 4010464 12602461 22493813 13272762 23785651 9707591 183761 0 X X 0 1 X 1 0 X 4014598 537367 709773 6468095 10331019 22060852 4014598 537367 709773 6468095 10331019 22060852 637184 21423668 40697 52890 50414 61202 60629 265832 12500 12500 112500 83697 12500 233697 22560381 7631629 0.94960 0.94210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: BUSINESS INTERRUPTION - 2020 AMOUNT: $ 100,000. FORGIVENESS OF DEBT - 2018 AMOUNT: $ 12,500. 2019 AMOUNT: $ 12,500. 2020 AMOUNT: $ 12,500. 2021 AMOUNT: $ 12,500. 2022 AMOUNT: $ 12,500. EMPLOYEE RETENTION CREDIT - 2021 AMOUNT: $ 70,514. MISC REVENUE - 2021 AMOUNT: $ 683. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15732 14326 1406 24174 24174 0 3936 3936 0 1406 ARTS FUND RESERVE 3196074 3196074 X 12501157 183761 57700 241461 12259696 0 12259696 2609805 57700 57700 2552105 0 2552105 PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME AS NOTED UNDER SECTION 511 OF THE IRC. THE FOUNDATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2023. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAXES ("FORM 990") WHICH IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO FILINGS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, YEARS SINCE 2019 REMAIN OPEN. BCPAH WAS ESTABLISHED AS A FOR-PROFIT CORPORATION SUBJECT TO CORPORATE TAXATION. BCPAH HAD NO TAXABLE INCOME DURING THE YEARS ENDED JUNE 30, 2023 AND 2022 AND HAD A NET OPERATING LOSS CARRYFORWARD OF $5,828,958 AND $5,594,818 AT JUNE 30, 2023 AND 2022, RESPECTIVELY, OF WHICH $4,462,230 IS SUBJECT TO EXPIRATION THROUGH 2038. THE REMAINING NET OPERATING LOSS CAN BE CARRIED FORWARD INDEFINITELY. DUE TO THE UNCERTAINTY AS TO THE EVENTUAL USAGE OF THIS LOSS, A VALUATION ALLOWANCE FOR THE FULL AMOUNT OF THE DEFERRED TAX ASSET ESTIMATED TO BE $1,174,912 AND $1,174,912 HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, RESPECTIVELY. 0 0 0 0 0 0 0 0 0 OLIVE WAXTER EXECUTIVE DIRECTOR 156624 0 0 0 0 0 16364 0 32464 0 205452 0 0 0 MISSION STATEMENT THEATER EXPERIENCES CAN BE LIFE-CHANGING. THROUGH FREE OUTREACH AND EDUCATION PROGRAMS, THE HIPPODROME FOUNDATION WORKS TO INTRODUCE MARYLAND STUDENTS AND COMMUNITY MEMBERS TO THE ARTS AND ALL OF THE ASSETS OF THE FRANCE-MERRICK PERFORMING ARTS CENTER. BY EXPOSING YOUNG PEOPLE TO NEW POSSIBILITIES, WE ARE RAISING THE CURTAIN ON OPPORTUNITY. FORM 990, PART VI, SECTION A, LINE 2 WALTER D. PINKARD AND ROBERT G. MERRICK III ARE COUSINS. FORM 990, PART VI, SECTION B, LINE 11B WHEN THE 990 IS FINAL AND BEFORE IT IS SUBMITTED, IT IS DISTRIBUTED VIA EMAIL TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS OF THE ORGANIZATION MUST MAKE FULL DISCLOSURE TO THE BOARD ANY PERSONAL OR BUSINESS INTEREST CONFLICTS THAT MAY EXIST BETWEEN THEMSELVES AND THE CORPORATION. ANY CONCERNS ABOUT ANY CONFLICT OF INTEREST WOULD BE DISCUSSED BY THE EXECUTIVE COMMITTEE. IF A CONFLICT OF INTEREST DOES ARISE, DIRECTORS SHOULD ABSTAIN FROM DISCUSSING OR VOTING ON THE PARTICULAR ISSUE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. HIPPODROME PERFORMING ARTS CENTER LLC 333 WEST CAMDEN STREET STE 500 BALTIMORE MD 21201 450478200 PERFORMING ARTS MD N/A 0 0 BCPA HIPPODROME INC 416 WEST BALTIMORE STREET BALTIMORE MD 21201 820579855 PERFORMING ARTS MD HIPPODROME FDN C -234140 8089561 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0