2025-04-08T19:09:44-05:00 2024-06-30 420714325 RSM US LLP 6 S Patterson Blvd Dayton OH 45402 990 2023-07-01 237304942 Playhouse Square Foundation PLAY 2167714444 1501 Euclid Ave 200 Cleveland OH 441152197 Laura Smith COO 2167714444 2025-04-02 1 1 Karen O Crim P00368385 9372980201 2025-04-02 2023 2025-03-06 01:10:19Z Patricia Gaul 1501 Euclid Ave 200 Cleveland OH 441152197 83281012 0 X www.playhousesquare.org X 1973 OH To operate and sustain a performing arts and entertainment center to enhance and develop the "Playhouse Square" district by restoring, renovating, and operating theaters and other related properties, and to provide arts education. 63 62 775 2000 930192 0 13446125 16170668 80478009 62552601 1786892 2897381 1481704 1487279 97192730 83107929 0 0 0 0 16170758 17277428 0 12000 2097898 75423227 64761750 91593985 82051178 5598745 1056751 341341429 346396690 138640647 135028839 202700782 211367851 X Playhouse Square Foundation is a not-for-profit performing arts center whose mission is presenting and producing a wide variety of quality performing arts, advancing arts education, and creating a theater district that is a superior location for entertainment, business, and housing, thereby strengthening the economic vitality of the region. 0 0 63926662 0 57906424 The Foundation's purpose is to operate and sustain on a financially viable basis a performing arts center presenting and producing works of artistic excellence for the benefit of all citizens. The Foundation presented 1,219 performances in Fiscal Year 24, which were attended by approximately 1 million guests. Over 60,000 students and teachers attended Children's theater performances. The Foundation has over 11 performance stages with a capacity of nearly 10,000. 6395474 0 5702313 The Foundation is committed in its actions to enhance and develop that portion of downtown Cleveland known as "Playhouse Square" by not only operating the theaters as discussed in 4(a), but also by renovating and developing complementary commercial, residential and retail properties in the Playhouse Square District. 1976121 0 477138 The Foundation is committed to offer a variety of educational activities that develop new audiences and enhance connections with existing audiences within Northeast Ohio region. Over 200,000 students and adults from over 26 Ohio counties were engaged in various educational and outreach programs. 72298257 1 1 0 1 0 0 0 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 1 94 0 1 775 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 63 62 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X Tim McDonald 2167714444 1501 Euclid Ave 200 Cleveland OH 441152197 Craig Hassall President/CEO 40.00 0.00 X X 739427 0 8067 Brent D Ballard Chair 0.50 0.00 X X 0 0 0 Rick Buoncore Vice Chair, Development 0.50 0.00 X X 0 0 0 Bob Helmer Vice Chair, Education 0.50 0.00 X X 0 0 0 Mark Ross Vice Chair, Finance 0.50 0.00 X X 0 0 0 Paul J Dolan Vice Chair, Government Affairs 0.50 0.00 X X 0 0 0 Amy G Brady Vice Chair, Nominating Governance 0.50 0.00 X X 0 0 0 Bill Cosgrove Vice Chair, Real Estate Development 0.50 0.00 X X 0 0 0 Andrea Hogben Vice Chair, Sales & Marketing 0.50 0.00 X X 0 0 0 Jim Merlino Vice Chair, Strategic Planning 0.50 0.00 X X 0 0 0 Heather Lennox Secretary/Treasurer 0.50 0.00 X X 0 0 0 Terry Adelman Trustee 0.50 0.00 X 0 0 0 Thomas W Adler Trustee 0.50 0.00 X 0 0 0 Himanshu Amin Trustee 0.50 0.00 X 0 0 0 Warren E Anderson Trustee 0.50 0.00 X 0 0 0 Steven M Auvil Trustee 0.50 0.00 X 0 0 0 Ken Babby Trustee 0.50 0.00 X 0 0 0 Dr Michael Baston Trustee 0.50 0.00 X 0 0 0 Teresa Metcalf Beasley Trustee 0.50 0.00 X 0 0 0 Gina Beredo Trustee 0.50 0.00 X 0 0 0 Jodi Berg PhD Trustee 0.50 0.00 X 0 0 0 Laura Bloomberg Trustee 0.50 0.00 X 0 0 0 Jim Boland Trustee 0.50 0.00 X 0 0 0 Paul H Carleton Trustee 0.50 0.00 X 0 0 0 Scott Chaikin Trustee 0.50 0.00 X 0 0 0 John G Chapman Sr Trustee 0.50 0.00 X 0 0 0 James Graham Trustee 0.50 0.00 X 0 0 0 Lawrence H Hatch Trustee 0.50 0.00 X 0 0 0 Amy C Held Trustee until 10/23 0.50 0.00 X 0 0 0 J David Heller Trustee 0.50 0.00 X 0 0 0 Oliver C Henkel Jr Trustee for Life/Former Chair 0.50 0.00 X 0 0 0 Jason Hillman Trustee 0.50 0.00 X 0 0 0 Margaret M Judd Trustee 0.50 0.00 X 0 0 0 David Jacobs Trustee 0.50 0.00 X 0 0 0 Julie Jacono Trustee 0.50 0.00 X 0 0 0 Michael Jeans Trustee 0.50 0.00 X 0 0 0 Louis G Joseph Trustee 0.50 0.00 X 0 0 0 Patrice Kouvas Trustee 0.50 0.00 X 0 0 0 Edward J Largent Trustee 0.50 0.00 X 0 0 0 Todd Leombruno Trustee 0.50 0.00 X 0 0 0 Joe Matuszewski Trustee 0.50 0.00 X 0 0 0 Heath Monesmith Trustee 0.50 0.00 X 0 0 0 Jon H Outcalt Trustee 0.50 0.00 X 0 0 0 Patrick M Pastore Trustee 0.50 0.00 X 0 0 0 James A Ratner Trustee 0.50 0.00 X 0 0 0 Sean Richardson Trustee 0.50 0.00 X 0 0 0 Luci Schey Trustee 0.50 0.00 X 0 0 0 William R Seelbach Trustee 0.50 0.00 X 0 0 0 David B Sewell Trustee 0.50 0.00 X 0 0 0 Doug Spiker Trustee 0.50 0.00 X 0 0 0 Sara Ellen Stashower Trustee 0.50 0.00 X 0 0 0 Kevin Stein Trustee until 8/23 0.50 0.00 X 0 0 0 Thomas Stevens National Trustee/Former Chair 0.50 0.00 X 0 0 0 KK Sullivan Trustee 0.50 0.00 X 0 0 0 Alex Szilvas Trustee 0.50 0.00 X 0 0 0 Kurt Treu Trustee 0.50 0.00 X 0 0 0 Leila L Vespoli Trustee 0.50 0.00 X 0 0 0 Tracy Vigh Trustee 0.50 0.00 X 0 0 0 Molly Walsh Trustee 0.50 0.00 X 0 0 0 Daniel P Walsh Jr Trustee 0.50 0.00 X 0 0 0 Frances Cudjoe Waters Trustee 0.50 0.00 X 0 0 0 Neil Weinberger Trustee 0.50 0.00 X 0 0 0 Denise G Wells Trustee 0.50 0.00 X 0 0 0 Debra A Wert Trustee 0.50 0.00 X 0 0 0 Jeffrey J Wild Trustee 0.50 0.00 X 0 0 0 Patricia Gaul COO 40.00 5.00 X 584180 0 35389 Art J Falco Senior Advisor 20.00 5.00 X 175909 0 13778 Michelle Ryan Stewart VP Development 40.00 0.00 X 362642 0 45998 David Greene VP Programming 40.00 0.00 X 312194 0 55982 Autumn Kiser VP Ticket Sales & Marketing 40.00 0.00 X 315666 0 34341 Tom Einhouse VP Facilities 40.00 0.00 X 227682 0 49516 Gina Vernaci Former President/CEO 40.00 0.00 X 278696 0 11836 2996396 0 254907 24 1 1 0 Turner Construction 1422 Euclid Avenue Ste 200 Cleveland OH 44115 General Contractor 1939807 Brewer-Garrett Company 6800 Eastland Road Middleburg Heights OH 44130 HVAC Services 1225678 Jani-King 9075 Town Centre Drive Ste 200 Broadview Heights OH 44147 Janitorial Services 499389 NPI Audio Visual Solutions 8600 Sweet Valley Dr Cleveland OH 44125 Tech Services 373252 Kone Inc 6670 Snowville Rd Ste 7 Brecksville OH 44141 Elevator Services 140114 7 155185 3779498 12235985 75232 16170668 Productions 711110 50932212 50932212 Other Theatrical Revenue 711190 5025772 5025772 Garage/Parking 812930 3843559 3843559 Management Fees 531310 930192 930192 Theatrical Rental 532000 920890 920890 899976 899976 62552601 2897381 2897381 59921 155185 105916 -45995 -45995 1600441 67167 1533274 1533274 83107929 63155683 930192 2851386 1354394 1354394 12181381 8123010 2849025 1209346 691103 406990 206017 78096 1937293 1230336 499121 207836 1113257 663925 339332 110000 88499 88499 139855 139855 50000 50000 12000 12000 1911654 1389715 521939 4504803 3774287 304243 426273 1124310 584531 519992 19787 245001 113759 107360 23882 2107775 1692791 414984 25576 25576 5516331 5516331 6132673 6111621 21052 840400 774376 66024 Presentation Expense 36322419 36322419 Area Development 4483886 4483886 Garage Expense 858578 858578 Professional Developmen 409990 176126 223186 10678 82051178 72298257 7655023 2097898 54452985 37214397 52898069 60933623 7247614 5734088 16213593 19504227 7342 7342 3209497 4198046 176700625 90041900 82203729 86658725 123021947 129962538 1970734 2046962 115919 136742 341341429 346396690 10227585 10288473 39045627 36909797 72270000 71310000 16981516 16383827 115919 136742 138640647 135028839 X 185159320 193079688 17541462 18288163 202700782 211367851 341341429 346396690 1056751 7610318 0 X 0 1 X 1 1 1 X 16973725 19527614 23105595 13446125 16170668 89223727 16973725 19527614 23105595 13446125 16170668 89223727 1689507 87534220 575725 42369 23566 1786892 2897381 5325933 94549660 235951255 0.92580 0.94980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 50000 0 0 0 50000 0 Part II-B, Line 1: Playhouse Square Foundation awarded grant to organization to campaign for the Cuyahoga Arts and Culture renewal levy on cigarettes. 38771557 6546424 45317981 33228405 5543152 38771557 41999813 -8771408 33228405 29902530 12097283 41999813 28472732 300000 1129798 29902530 0.69730 0.10575 0.19694 0 0 11375583 11375583 124069685 73638528 50431157 27092978 16403372 10689606 14162379 14162379 86658725 Investment in Area Development 129962538 C 129962538 Lease Obligations 136742 136742 X Part V, Line 4: Playhouse Square Foundation's ("PSF") endowment consists of individual donor-restricted endowment funds established to support the mission of PSF. PSF's endowment includes both donor-restricted endowment funds and funds designated by the Board to function as endowments. Part X, Line 2: The Internal Revenue Service (IRS) has determined the Foundation to be exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Foundation adopted the Accounting for Uncertainty in Income Taxes Topic of the Accounting Standards Codification (ASC), which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. At June 30, 2024 and 2023, management has evaluated the Foundation's tax positions and has concluded that the Foundation has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with provisions of this guidance. Tax returns filed by the Foundation are subject to examination by the IRS up to three years from the filing date of each return. Ball 215106 155185 59921 14362 72038 4570 14946 215106 155185 59921 14362 72038 4570 14946 105916 -45995 X X X X 0 0 0 0 0 0 0 1 0 Craig Hassall President/CEO 674427 0 65000 0 0 0 0 0 8067 0 747494 0 0 0 Patricia Gaul COO 498180 0 86000 0 0 0 24750 0 10639 0 619569 0 0 0 Michelle Ryan Stewart VP Development 312642 0 50000 0 0 0 24750 0 21248 0 408640 0 0 0 David Greene VP Programming 267194 0 45000 0 0 0 23747 0 32235 0 368176 0 0 0 Autumn Kiser VP Ticket Sales & Marketing 269666 0 46000 0 0 0 23702 0 10639 0 350007 0 0 0 Gina Vernaci Former President/CEO 128696 0 150000 0 0 0 8365 0 3471 0 290532 0 0 0 Tom Einhouse VP Facilities 189682 0 38000 0 0 0 17281 0 32235 0 277198 0 0 0 Art J Falco Senior Advisor 175909 0 0 0 0 0 13103 0 675 0 189687 0 0 0 Part I, Line 7 Discretionary bonuses were awarded to Craig Hassall, Patricia Gaul, Michelle Ryan Stewart, Autumn Kiser, David Greene, Gina Vernaci, and Tom Einhouse. Bonuses are based on some financial and nonfinancial goals, overall performance as judged by a manager and the overall performance of Playhouse Square Foundation. A Cleveland Cuyahoga County Port Authority 341029691 2018-06-15 80203322 Refinance Series 2014 Bonds & Construction of Residence Tower 0 0 0 A 3570000 80203322 4822131 1559031 24114218 49707942 1 0 0 0 A 1 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Oswald Companies David Jacobs, Trustee, is President and Chief Operating Officer of Oswald 1023808 David Jacobs, Trustee on the Playhouse Board, is President and Chief Operating Officer of Oswald. Playhouse paid Oswald $1,023,808 for insurance services. 0 The Brewer-Garrett Company Louis G. Joseph, Trustee, is President & CEO at The Brewer-Garrett Company 1225678 Louis G. Joseph, Trustee on the Playhouse Board, is President and CEO at The Brewer-Garrett Company. Playhouse paid Brewer-Garrett $1,225,678 for HVAC services. 0 X 16 75232 Stock Price 0 0 1 1 Part I, Column (b): The organization is reporting the numbers of items received. Part I, Line 32b: Donated stock is transferred to Playhouse Square Foundation's ("PSF") brokerage account. PSF's broker then sells the stock and remits the proceeds to PSF. Form 990, Part VI, Section A, line 1a The Executive Committee is comprised of Trustees of the Foundation and consists of all the chairman of the other committees and several at large trustees. The Executive Committee can act with all of the powers of the trustees between Trustee Meetings. All of the action taken by the Executive Committee must be reported to the Trustees. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by the Controller and reviewed by the Chief Financial Officer and independent accountants. Each member of the governing body is provided a copy of the return for review prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Conflict of interest questionnaires are distributed and collected annually by the assistant to the president and reviewed by the vice president of finance. All trustees are required to provide responses and the vice president of finance confirms compliance with the policy. Trustees do not vote on issues which relate to existing conflicts. Form 990, Part VI, Section B, line 15 Compensation for the president is determined by the compensation committee made up of independent members of the board. Annual salary surveys are utilized as well as reviews of compensation for similar organizations and Form 990 of other organizations. The president and the compensation committee set compensation for key employees utilizing the same annual surveys and process. This compensation determination process is documented in the Compensation Committee's minutes. Form 990, Part VI, Section C, line 19 Documents are available upon request for the same period of time as set forth in IRC Section 6104(d). PSF Management Company LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 341900407 Real Estate Management OH 1533862 9562267 Playhouse Square Foundation Playhouse Square Holding Company LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 341972190 Real Estate OH 4350138 48944063 Playhouse Square Foundation Playhouse Square Hotel LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 821404398 Hotel Operations OH 9729470 12659676 Playhouse Square Foundation Playhouse Square Residential LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 825345761 Real Estate OH 7728102 115031490 Playhouse Square Foundation Playhouse Square Holding Residential LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 921922779 Loan Holding Company OH 0 0 Playhouse Square Foundation Playhouse Square Parking LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 825335622 Real Estate OH 920761 19962279 Playhouse Square Foundation Playhouse Square Holding Parking LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 921938223 Loan Holding Company OH 0 0 Playhouse Square Foundation Playhouse Square 1317 LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 454701283 Real Estate OH 567307 2502505 Playhouse Square Foundation PCS Hanna Building LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 562666434 Real Estate OH 3595413 22364940 Playhouse Square Foundation Playhouse Square 1305 Limited Partnership 1501 Euclid Avenue 200 Cleveland OH 441152197 271785756 Real Estate OH 235591 3446656 Playhouse Square Foundation 1901 East 13th LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 274216095 Real Estate OH 0 0 Playhouse Square Foundation Playhouse Square Development Corp 1501 Euclid Avenue 200 Cleveland OH 44115 351249931 Real Estate Holding Company OH 501(c)(2) Playhouse Square Foundation 1 PSC Bulkley Building LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 341926357 Real Estate OH Playhouse Square Holding Company LLC Related -1532580 -9459387 0 1 0.99900 Playhouse Square Hotel Limited Partnership 1501 Euclid Avenue 200 Cleveland OH 441152197 341745315 Hotel Operations OH N/A 0 0 One Playhouse Square Investors Limited Partnership 1501 Euclid Avenue 200 Cleveland OH 441152197 010750118 Real Estate OH Playhouse Square Foundation Related -1764804 8442896 0 1 0.49900 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 PSC Bulkley Building LLC J 412038 Cash One Playhouse Square Investors Limited Partnership J 439204 Cash