2025-01-16T12:20:52-05:00 2024-08-31 471793720 ARCARA LENDA EUSANIO & STACEY CPA'S PC 5214 MAIN ST STE 200 WILLIAMSVILLE NY 14221 990 2023-09-01 161384566 MUSICALFARE THEATRE COMPANY INC MUSI 7168398565 4380 MAIN STREET NO 123 BUFFALO NY 14226 RANDALL KRAMER EXECUTIVE DIRECTOR 7168398565 2025-01-16 true true DAVID ARCARA CPA P00165827 7166342722 2025-01-16 2023 2024-10-15 13:58:12Z SUSAN GRELICK 4380 MAIN STREET NO 123 BUFFALO NY 14226 1450934 false X HTTP://WWW.MUSICALFARE.COM X 1994 NY A PROFESSIONAL GROUP DESIGNED TO BRING TOP QUALITY MUSICAL PRODUCTIONS TO THE WESTERN NEW YORK PUBLIC. 19 19 138 140 0 554516 532077 957929 818370 27511 37937 36876 1550382 1414834 0 0 1036928 1034982 0 118659 676638 707627 1713566 1742609 -163184 -327775 1040904 669879 369005 325755 671899 344124 A PROFESSIONAL GROUP DESIGNED TO BRING TOP QUALITY MUSICAL PRODUCTIONS TO THE WESTERN NEW YORK PUBLIC. false false 1382759 818370 DURING THE 2023-24 SEASON, MUSICALFARE PRODUCED 5 MUSICAL THEATRE PRODUCTIONS FOR A TOTAL OF 147 PERFORMANCES AT ITS AMHERST MAINSTAGE, 1 MUSICALFARE THEATRE PRODUCTION FOR A TOTAL OF 12 PERFORMANCES AT SHEA'S 710 IN DOWNTOWN BUFFALO, AND 27 CABARET PERFORMANCES AT ITS CABARET IN AMHERST. A TOTAL OF 21,622 PATRONS ATTENDED THESE PERFORMANCES. ONCE AGAIN, MUSICALFARE CONTINUED TO OFFER AFFORDABLE TICKETS TO ITS QUALITY MUSICAL THEATRE PRODUCTIONS WITH 1/2 PRICE DISCOUNTS FOR ITS PREVIEW PERFORMANCES, GREATLY REDUCED TICKET PRICES FOR STUDENTS AND VETERANS, AND FREE TICKETS OFFERED THROUGH THE ARTS ACCESS PROGRAM OF ARTS SERVICES INC. 1382759 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 10 0 138 true false false false false false true true false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true false false NY X RANDALL KRAMER 7168398565 4380 MAIN STREET SUITE 123 AMHERST NY 14226 RANDALL KRAMER EXECUTIVE DI 40.00 X 90753 0 43527 TERRY ALFORD BOARD MEMBER 0.50 X 0 0 0 RACHAEL BROWN BOARD MEMBER 0.50 X 0 0 0 PATRICIA CLABEAUX BOARD MEMBER 0.50 X 0 0 0 DAVID CRISTANTELLO BOARD MEMBER 0.50 X 0 0 0 ANTHONY DELMONTE BOARD MEMBER 0.50 X 0 0 0 THOMAS DIXON BOARD MEMBER 0.50 X 0 0 0 ANDREA GALLAGHER VICE PRESIDE 2.00 X X 0 0 0 MELISSA PAUL GOLDBERG BOARD MEMBER 0.50 X 0 0 0 SUSAN GRELICK PRESIDENT/BR 2.00 X X 0 0 0 DANIEL HURLEY TREASURER / 0.50 X X 0 0 0 KELLY MARKS BOARD MEMBER 0.50 X 0 0 0 MARK NOTARIUS BOARD MEMBER 0.50 X 0 0 0 MICHAEL OLIVER-WALLINE BOARD MEMBER 0.50 X X 0 0 0 JENNIFER OWEN SECRETARY/BR 2.00 X X 0 0 0 RICHARD SATTERWHITE BOARD MEMBER 0.50 X 0 0 0 KEN SMYNTEK BOARD MEMBER 0.50 X 0 0 0 HAYLEY SULLIVAN BOARD MEMBER 0.50 X 0 0 0 GREG URBAN BOARD MEMBER 0.50 X 0 0 0 DAVID WEDEKINDT BOARD MEMBER 0.50 X 0 0 0 90753 43527 false false false 114100 417977 131370 532077 THEATRE PRODUCTIONS 711110 483057 483057 SEASON TICKET SALES 711110 303476 303476 SPONSORSHIPS 711110 25000 25000 GIFT CERTIFICATES 711110 6837 6837 818370 27511 27511 68577 36100 32477 32477 MISCELLANEOUS 711110 4399 4399 4399 1414834 822769 59988 113686 45474 68212 758187 638429 88338 31420 10000 10000 88333 41341 39491 7501 64776 51550 10823 2403 15300 15300 59989 59989 53660 24777 11464 17419 131370 126370 5000 96194 96194 20766 20766 PRODUCTION COSTS 223222 223222 SPECIAL PROJECT EXPENSE 59916 59916 BANK AND CREDIT CARD CHAR 38108 38108 OTHER OPERATING EXPENSES 4159 4159 4943 2380 2563 1742609 1382759 241191 118659 533557 502230 200000 7160 9621 9230 11583 73811 17612 1506127 1377294 217146 128833 1040904 669879 9338 13474 359667 312281 369005 325755 X 515378 124724 156521 219400 671899 344124 1040904 669879 X -327775 X false true X true false X 423342 597551 1139273 554516 540336 3255018 423342 597551 1139273 554516 540336 3255018 3255018 27511 27511 31477 31477 3314006 3363248 0.98220 0.98850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1404097 1309280 94817 86134 53947 32187 15896 14067 1829 128833 X 1450934 36100 36100 1414834 1414834 1778709 36100 36100 1742609 1742609 SCHEDULE D, PAGE 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE COMPANY TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY, AND HAS CONCLUDED THAT AS OF AUGUST 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COMPANY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE COMPANY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO AUGUST 31, 2021. SCHEDULE D, PAGE 4, PART XI, LINE 2D CONCESSION COGS 36,100 SCHEDULE D, PAGE 4, PART XII, LINE 2D CONCESSION COGS 36,100 X 1 116370 FAIR VALUE ASSESSMENT X SERVICES 2 15000 FAIR VALUE ASSESSMENT false false false FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD TREASURER; COPIES ARE MADE AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 12C THE SECRETARY OF THE BOARD OF DIRECTORS ADMINISTERS THE CONFLICT OF INTEREST POLICY BY ANNUALLY REVIEWING THE POLICY AND ANY POTENTIAL CONFLICTS OF INTEREST THAT HAVE BEEN NOTED ON THE COMPLETED CONFLICT OF INTEREST FORMS. FORM 990, PAGE 6, PART VI, LINE 15A A BOARD COMMITEE WAS CONVENED IN 2022 TO REVIEW THE AD/ED PERFORMANCE AND DETERMINE COMPENSATION. THE PRESIDENT OF THE BOARD THEN MET WITH THE AD/ED AND SHARED THE FINDINGS AND RECCOMENDATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BY MAKING AN APPOINTMENT WITH AN OFFICER. FORM 990, PART XI, LINE 9 CONCESSION COGS 36,100 CONCESSION COGS -36,100