2025-02-13T13:03:05-05:00 2023-09-30 873593414 JCONNER PO BOX 111 HASLET TX 76052 990 2022-10-01 751559945 WATERTOWER THEATRE INC WATE 9724506230 15650 ADDISON ROAD ADDISON TX 75001 SHANE PETERMAN MANAGING DIRECTOR 9724506230 2025-02-06 true true MARIE CONNER P01802340 2145199988 2025-02-11 2022 2025-03-06 01:10:19Z WATERTOWER THEATRE SHANE PETERMAN 15650 ADDISON ROAD ADDISON TX 75001 1220056 false X WWW.WATERTOWERTHEATRE.ORG X 1977 TX TO CREATE INNOVATIVE, DIVERSE THEATRE THAT BUILDS COMMUNITY BY FOSTERING EMPATHY AND DIALOGUE. 13 13 0 20 0 648054 805700 104939 412317 2039 -3594 0 749399 1220056 0 0 561478 737138 155682 0 46915 102878 383623 820038 1120761 -70639 99295 175024 248534 201355 127159 -26331 121375 TO CREATE INNOVATIVE, DIVERSE THEATRE THAT BUILDS COMMUNITY BY FOSTERING EMPATHY AND DIALOGUE. false false 71110 648301 1246483 THE THEATRE PROVIDES SEVERAL EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY. A SUMMER CONSERVATORY IMMERSES CHILDREN IN ALL ASPECTS OF THEATRE ARTS FOR TWO WEEKS, AND AN AFTER- SCHOOL PROGRAM OFFERS A UNIQUE WAY FOR STUDENTS TO BE INTRODUCED TO THEATRE. IN ADDITION, ACTING CLASSES ARE OFFERED EACH SEASON TO AREA ACTORS. OTHER EDUCATIONAL OPPORTUNITIES CONSIST OF SUMMER INTERNSHIPS, WHICH EXPOSE YOUNG PROFESSIONALS TO THE DAY-TO-DAY OPERATIONS OF A SMALL PROFESSIONAL THEATRE. EACH SEASON, WATERTOWER THEATRE PRODUCES A PROFESSIONAL LIVE THEATRE SEASON, EACH OFFERING A DIVERSE ARRAY OF PLAYS AND MUSICALS. THE PRODUCTIONS CONSIST OF A UNIQUE BUT FAMILIAR BLEND OF CLASSIC AND CONTEMPORARY. 648301 true true false false false false false false false true 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 false false false false false false false false false true 0 0 true 0 false false false false false false false false false false false false false false false X 13 13 false false false false false false false true false false false true true true true true false true false false X THE ORGANIZATION 9724506230 15650 ADDISON ROAD ADDISON TX 75001 SHANE PETERMAN MANAGING DIRECTOR 50 X X X 105000 0 0 NADIA LOUDON DIRECTOR 2 X 0 0 0 TIMOTHY HORAN DIRECTOR 2 X 0 0 0 BARBARA DASEKE DIRECTOR 2 X 0 0 0 BRITTANY WILLIS DIRECTOR 2 X 0 0 0 CRAIG SUTTON DIRECTOR 2 X 0 0 0 TIFFANY RICHMOND DIRECTOR 2 X 0 0 0 BLAKE CLEMENS DIRECTOR 2 X 0 0 0 JAEANNETTE JOHNSON SECRETARY 2 X 0 0 0 MAGGIE VERA VICE PRESIDENT 2 X 0 0 0 ROSALIND BENJET DIRECTOR 2 X 0 0 0 BRUCE ARFSTEN DIRECTOR 2 X 0 0 0 REBECCA NEEF PRESIDENT 4 X 0 0 0 PHILIP LONGACRE TREASURER 4 X 0 0 0 105000 1 false false false 23005 376589 406106 48411 805700 TICKET SALES 711110 362722 362722 HANDLING FEES AND OTHER 711110 77 77 CONCESSION 711110 49518 49518 412317 2039 2039 23005 1220056 414356 105000 105000 504185 426605 73716 3864 70042 36035 34007 57911 255 57656 20192 20192 30140 28882 1258 74107 43483 21435 9189 20285 20285 21948 21543 405 31012 31012 17423 17423 930 930 12748 12748 CONCESSION 15835 15835 EQUIPMENT RENTAL 10399 10399 IN KIND 48411 32011 16400 MERCHAND PROCESSING AND BANK FEES 45921 29733 16188 34272 18238 16034 1120761 664136 409710 46915 114380 127651 4918 6318 207740 157212 49329 50528 6397 64037 175024 248534 52404 27484 141022 99675 6930 999 201355 127159 X -26331 121375 -26331 121375 175024 248534 99295 48411 X false true X true false X 485517 717165 739059 749399 684054 3375194 485517 717165 739059 749399 684054 3375194 3375194 3375194 1 X 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false 126644 126644 54268 15284 38984 26828 15284 11544 50528 1246483 1246483 1246483 1100816 1100816 1100816 false false false false false false false false false false PART VI, SECTION C, LINE 19 THE THEATRE S FORM 990 IS AVAILABLE UPON REQUEST. THE ORGANIZATIONAL DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST TO THE DIRECTOR OF FINANCE AND ADMINISTRATION. PART VI, SECTION B, LINE 12c EACH BOARD OFFICER AND DIRECTOR IS REQUIRED TO SIGN THE CONFLICT OF INTEREST DISCLOSURE ANNUALLY. EVERY DIRECTOR OR OFFICER WITH ANY PERSONAL INTEREST IN A CONTRACT OR TRANSACTION BETWEEN THE ORGANIZATION AND THAT PERSON MUST DISCLOSE ALL MATERIAL FACTS CONCERNING THE TRANSACTION, INCLUDING ALL POTENTIAL PERSONAL BENEFIT AND POTENTIAL CONFLICTS OF INTEREST, TO THE OTHER DIRECTORS OF THE BOARD OR OTHER GROUP AUTHORIZING THE TRANSACTION. THE TRANSACTION MUST BE APPROVED BY A MAJORITY OF THE UNITERERESTED DIRECTORS OR OTHER GROUP WITH THE AUTHORITY TO AUTHORIZE THE TRANSACTION OR CONTRACT. THE EMPLOYMENT AGREEMENT BETWEEN ITS MANAGING DIRECTOR AND THE THEATER CONTAINS SPECIFIC LANGUAGE MANDATING THAT ANY PERCEIVED OR POTENTIAL CONFLICTS OF INTEREST THAT HE MAY HAVE MUST BE REPORTED IMMEDIATELY TO THE BOARD OF DIRECTORS. THERE IS ALSO A CONFLICT OF INTEREST POLICY IN THE EMPLOYEE HR MANUAL THAT COVERS ALL EMPLOYEES OF THE THEATRE. PART VI, SECTION B, LINE 11 THE DIRECTOR OF FINANCE AND ACCOUNTING, THE MANAGING DIRECTOR AND BOARD TREASURER REVIEW THE RETURN BEFORE IT IS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. PART VI, SECTION B, LINE 15a THE BOARD OF DIRECTORS DETERMINE THE MANAGING AND ARTISTIC DIRECTORS SALARIES BASED UPON PERFORMANCE AND REASONABLE INCREASES IN COST OF LIVING. THE TCG S SALARY SURVEY IS USED AS A GUIDE FOR THE SALARY RANGES. THE MANAGING AND ARTISTIC DIRECTORS COMPENSATION PACKAGES WERE LAST REVIEWED IN FEBRUARY 2023 AS PART OF THE PROCESS OF HIRING THE(NOW FORMER)MANAGING DIRECTOR. OTHER MANAGEMENT SALARIES ARE DETERMINED BY THE MANAGING DIRECTOR AND ARE BASED ON PERFORMANCE AND TENURE.