2025-12-11T15:05:45-05:00 2024-09-30 873593414 JCONNER PO BOX 111 HASLET TX 76052 990 2023-10-01 751559945 WATERTOWER THEATRE INC WATE 9724506230 15650 ADDISON ROAD ADDISON TX 75001 SHANE PETERMAN PRODUCING ARTISTIC DIRECTOR 9724506230 2025-12-01 true true MARIE CONNER P01802340 2145199988 2025-12-11 2023 2025-03-06 01:10:19Z WATERTOWER THEATRE SHANE PETERMAN 15650 ADDISON ROAD ADDISON TX 75001 886790 false X WWW.WATERTOWERTHEATRE.ORG X 1977 TX TO CREATE INNOVATIVE, DIVERSE THEATRE THAT BUILDS COMMUNITY BY FOSTERING EMPATHY AND DIALOGUE. 13 13 3 20 0 805700 567155 412317 318729 2039 -5491 0 1220056 880393 0 0 737138 623851 0 34412 383623 474639 1120761 1098490 99295 -218097 248534 87302 127159 195216 121375 -107914 TO CREATE INNOVATIVE, DIVERSE THEATRE THAT BUILDS COMMUNITY BY FOSTERING EMPATHY AND DIALOGUE. false false 71111 967315 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. 967315 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false true false true false false true false false false false false false false false true 86 0 true 3 true 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 true false X THE ORGANIZATION 9724506230 15650 ADDISON ROAD ADDISON TX 75001 SHANE PETERMAN PRODUCING ARTISTIC 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 10033 377929 179193 567155 TICKET SALES 711110 251517 251517 CONCESSIONS 711110 53144 53144 TUITION 711110 14068 14068 318729 906 906 6397 -6397 -6397 10033 880393 319635 X 137000 121615 7695 7690 435752 424754 5499 5499 13185 11603 791 791 37914 33364 2275 2275 4475 4028 224 223 15671 14103 784 784 70105 63089 3517 3499 65236 3411 61636 189 6504 5854 325 325 14842 13357 744 741 37072 26296 9317 1459 15990 15990 11091 9981 556 554 1155 1039 58 58 SALES COMMISSIONS AND FEES 40808 36724 2047 2037 CHARITABLE CONTRIBUTIONS 1168 1168 FOOD COS CONCESSIONS 16643 16643 173879 149443 16148 8288 1098490 935304 128774 34412 127651 21546 23191 6318 14318 206711 178464 50528 28247 64037 248534 87302 27484 33747 99675 138802 11226 11441 127159 195216 X 121375 -107914 121375 -107914 248534 87302 -218097 -11192 X false true X true false X 717165 739059 749399 684054 567155 3456832 717165 739059 749399 684054 567155 3456832 3456832 98 21 2039 906 3064 3459896 0.99911 1 X 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 6397 6397 6397 6397 5269 1378 250 6397 5343 176 250 5269 false false false 126644 99229 27415 77842 77010 832 2225 2225 28247 NEGATIVE CASH BALANCE 11441 11441 928804 48411 48411 880393 880393 1146901 48411 48411 1098490 1098490 false false false false false false false false false false SHANE PETERMAN PRODUCING ARTISTIC DIRECTOR 11226 TICKET SALES false PART V Arise Acting Studio, owned by the theatre s Producing Artistic Director held a theatrical performance during the year at the theatre s location and sold tickets using the theatre s ticketing platform. The total amount of tickets sold by the theatre on behalf of Arise Acting Studio during the year ending September 30, 2024 was approximately $44,000. Total payments made to Arise Acting Studio during the year were approximately $33,000. The related party payable of $11,226 represents the amount due to Arise Acting Studio for ticket sales revenue that was collected during the year by the theatre on behalf of Arise Acting Studio. X 1 48411 FAIR VALUE false true false PART IX, LINE 24e Other SG&A - Production expenses 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 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 EMPLOYEESOF THE THEATRE. 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. PART VI, SECTION A, LINE 8a 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 DECEMBER 2024 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. PART VI, SECTION B, LINE 15b THE THEATRE HAS A PERSONNEL COMMITTEE THAT ESTABLISHES COMPENSATION BASED UPON PERFORMANCE AND COMPARISONS OF SALARIES PAID AT SIMILIAR ORGANIZATIONS IN THE REGION. DELIBERATIONS AND DECISIONS ARE DOCUMENTED. 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.