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        <ExplanationTxt>BLI COMPLIES WITH FASB ASC 740 - ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FASB ASC 740 DETAILS HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS THAT HAVE BEEN OR ARE EXPECTED TO BE TAKEN. AS SUCH, THE FINANCIAL STATEMENTS WOULD REFLECT EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE POSITION AND ALL RELEVANT FACTS, IF THEY EXISTED. THE MANAGEMENT OF BLI BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS. BLI'S TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE FISCAL YEARS ENDED DECEMBER 31, 2021 AND FORWARD</ExplanationTxt>
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        <ExplanationTxt>IN JULY 2024, BORDERLIGHT THEATRE FESTIVAL SUCCESSFULLY PRESENTED A FOUR- DAY PERFORMING ARTS FESTIVAL ACROSS THE PLAYHOUSE SQUARE DISTRICT IN DOWNTOWN CLEVELAND. THE FESTIVAL FEATURED 155 PERFORMANCES ON 20 STAGES ACROSS 10 VENUES, SHOWCASING THE WORK OF 340 ARTISTS, INCLUDING ARTISTS FROM FIVE COUNTRIES AND SEVEN U.S. STATES. APPROXIMATELY 62.5% OF PARTICIPATING ARTISTS WERE BASED IN CLEVELAND, REFLECTING THE ORGANIZATION'S COMMITTMENT TO SUPPORTING LOCAL TALENT. THE FESTIVAL DRAW A TOTAL AUDIENCE OF 6,175 ATTENDEES, WITH 70.5% ATTENDING FOR THE FIRST TIME AND 91.5% OF SURVEYED ATTENDEES VISITING DOWNTOWN SPECIFICALLY TO ATTEND THE FESTIVAL. IN KEEPING WITH ITS MISSION TO MAKE THE ARTS ACCESSIBLE, BORDERLIGHT OFFERED A ROBUST SLATE OF FREE PROGRAMMING, ATTRACTING 2,539 ATTENDEES TO FREE SHOWS AND WELCOMING 200 GUESTS TO A DEDICATED FAMILY DAY. THE FESTIVAL ALSO HOSTED 594 PEOPLE AT SPECIAL EVENTS DESIGNED TO ENGAGE DONORS, PARTNERS, AND THE BROADER COMMUNITY. BORDERLIGHT SIGNIFICANTALLY INCREASED DIRECT PAYMENTS TO ARTISTS COMPARED TO 2023, AND MAINTAINED AN AVERAGE TICKET PRICE OF 12.79, HELPING TO KEEP PROGRAMMING AFFORDABLE. THE ORGANIZATION ALSO INVESTED IN ACCESSIBILITY, FAMILY PROGRAMMING, AND COMMUNITY ENGAGEMENT, SUPPORTED BY A MIX OF PUBLIC AND PRIVATE PARTNERSHIPS.</ExplanationTxt>
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        <ExplanationTxt>THERE IS A COMMITTEE THAT REVIEWS THE FINANCIAL STATEMENTS ONCE COMPLETED BY THE ACCOUNTANT</ExplanationTxt>
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        <ExplanationTxt>AVAILABLE UPON WRITTEN REQUEST AVAILABLE UPON WRITTEN REQUEST</ExplanationTxt>
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        <ExplanationTxt>AVAILABLE UPON WRITTEN REQUEST</ExplanationTxt>
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