2024-05-09T14:08:43-05:00 2023-06-30 420714325 RSM US LLP 6 S Patterson Blvd Dayton OH 45402 990 2022-07-01 237304942 Playhouse Square Foundation PLAY 2167714444 1501 Euclid Ave 200 Cleveland OH 441152197 Craig Hassall CEO 2167714444 2024-05-07 1 Craig Hassall XXX-XX-XXXX 1 Karen O Crim P00368385 9372980201 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Patricia Gaul 1501 Euclid Ave 200 Cleveland OH 441152197 97624472 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. 62 61 793 2000 1092865 0 23105595 13446125 44144584 80478009 23566 1786892 751690 1481704 68025435 97192730 0 0 0 0 15392354 16170758 0 0 2547329 50085377 75423227 65477731 91593985 2547704 5598745 324662531 341341429 137751542 138640647 186910989 202700782 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 78718801 0 76971609 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 1,167 performances which were attended by approximately 1.1 million guests. Over 58,000 students and teachers attended Children's theater performances. The Foundation operates over 11 performance spaces with a capacity of nearly 10,000. 1932136 0 4775514 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. 1871630 0 400195 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. 82522567 1 1 0 0 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 79 0 1 793 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 62 61 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 Gina Vernaci President/CEO until 02/23 40.00 0.00 X X 686715 0 43406 Craig Hassall President/CEO 40.00 0.00 X X 0 0 0 Amy G Brady Chair 0.50 0.00 X X 0 0 0 Brent D Ballard Chair-Elect 0.50 0.00 X X 0 0 0 Rick Buoncore Vice Chair, Advancement 0.50 0.00 X X 0 0 0 Margaret M Judd 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 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 0.50 0.00 X 0 0 0 J David Heller Trustee 0.50 0.00 X 0 0 0 Bob Helmer 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 AJ Hyland Trustee until 06/30 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 James R Pender Trustee until 06/23 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 Daniel I Simon MD Trustee until 02/23 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 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 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 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 561553 0 33014 Art J Falco Senior Advisor 40.00 5.00 X 222954 0 16803 Michelle Ryan Stewart VP Development 40.00 0.00 X 339910 0 43131 Autumn Kiser VP Ticket Sales & Marketing 40.00 0.00 X 297348 0 32467 Timothy Birch VP Sales & Technology 40.00 0.00 X 298505 0 22328 David Greene VP Programming 40.00 0.00 X 265864 0 50986 Tom Einhouse VP Facilities 40.00 0.00 X 211039 0 46753 2883888 0 288888 23 0 1 0 Design Communications 25 Drydock Avenue Boston MA 02210 Engineering Services 3615534 Barnycz Group 3500 Boston Street Ste 222-MS19 Baltimore MD 21224 Consulting Services 1435066 Brewer-Garrett Company 6800 Eastland Road Middleburg Heights OH 44130 HVAC Services 856332 Jani-King 9075 Town Centre Drive Ste 200 Broadview Heights OH 44147 Janitorial Services 493627 Turner Construction 1422 Euclid Avenue Ste 200 Cleveland OH 44115 General Contractor 373768 5 763168 1908507 10774450 68553 13446125 Productions 711110 68381315 68381315 Other Theatrical Revenue 711190 5429766 5429766 Garage/Parking 812930 3682649 3682649 Management Fees 531310 1092865 1092865 Theatrical Rental 532000 793785 793785 1097629 1097629 80478009 1786892 1786892 239111 763168 426716 -187605 -187605 1674335 5026 1669309 1669309 97192730 81054453 1092865 1599287 1601892 1601892 11320907 7695311 2393481 1232115 714579 421220 88909 204450 1444104 930791 175160 338153 1089276 644515 115206 329555 162867 162867 114309 114309 1619126 1246015 373111 4545005 4096239 67942 380824 1627547 908633 685713 33201 202457 85488 95654 21315 2164544 1789595 374949 23274 23274 5552293 5552293 5953149 5953149 664068 590112 73956 Presentation Expense 50411643 50411643 Area Development 1098170 1098170 Garage Expense 833966 833966 Professional Developmen 450809 242153 200940 7716 91593985 82522567 6524089 2547329 45636016 54452985 49533345 52898069 7943766 7247614 14856217 16213593 7342 7342 2374590 3209497 166647731 84444002 80430761 82203729 121730632 123021947 1986271 1970734 163591 115919 324662531 341341429 8606100 10227585 38210022 39045627 73185000 72270000 17586829 16981516 163591 115919 137751542 138640647 X 170454236 185159320 16456753 17541462 186910989 202700782 324662531 341341429 X 5598745 6816090 3374958 X 0 1 X 1 1 1 X 16739577 16973725 19527614 23105595 13258520 89605031 16739577 16973725 19527614 23105595 13258520 89605031 1726077 87878954 487265 575725 42369 23566 1786892 2915817 92520848 249703881 0.94980 0.95700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33228405 5543152 38771557 41999813 -8771408 33228405 29902530 12097283 41999813 28472732 300000 1129798 29902530 27262564 1210168 28472732 0.70204 0.12361 0.17435 0 0 9114850 9114850 121457176 69360402 52096774 26612753 15083600 11529153 9462952 9462952 82203729 Investment in Area Development 123021947 C 123021947 Lease Obligations 115919 115919 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, 2023 and 2022, 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 199500 147889 51611 12024 64644 5762 14836 Gala 802779 615279 187500 56715 150198 98878 23659 1002279 763168 239111 68739 214842 104640 38495 426716 -187605 X X X X 0 0 0 0 0 0 0 1 0 Gina Vernaci President/CEO until 02/23 486715 0 200000 0 0 0 22875 0 20531 0 730121 0 0 0 Patricia Gaul COO 475553 0 86000 0 0 0 22875 0 10139 0 594567 0 0 0 Michelle Ryan Stewart VP Development 291410 0 48500 0 0 0 22875 0 20256 0 383041 0 0 0 Autumn Kiser VP Ticket Sales & Marketing 250848 0 46500 0 0 0 22328 0 10139 0 329815 0 0 0 Timothy Birch VP Sales & Technology 252005 0 46500 0 0 0 22328 0 0 0 320833 0 0 0 David Greene VP Programming 220364 0 45500 0 0 0 20273 0 30713 0 316850 0 0 0 Tom Einhouse VP Facilities 173039 0 38000 0 0 0 16040 0 30713 0 257792 0 0 0 Art J Falco Senior Advisor 222954 0 0 0 0 0 16223 0 580 0 239757 0 0 0 Part I, Line 7 Discretionary bonuses were awarded to Gina Vernaci, Patricia Gaul, Michelle Ryan Stewart, Autumn Kiser, Timothy Birch, David Greene, 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 2610000 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 982943 David Jacobs, Trustee on the Playhouse Board, is President and Chief Operating Officer of Oswald. Playhouse paid Oswald $982,943 for insurance services. 0 The Brewer-Garrett Company Louis G. Joseph, Trustee, is President & CEO at The Brewer-Garrett Company 856332 Louis G. Joseph, Trustee on the Playhouse Board, is President and CEO at The Brewer-Garrett Company. Playhouse paid Brewer-Garrett $856,332 for HVAC services. 0 X 17 68553 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). Form 990, Part XI, line 9: Change in Fair Value of Swap 507,513. Sale of Ownership in Related Party Building 2,867,445. 1901 East 13th LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 274216095 Real Estate OH 3286336 380450 Playhouse Square Foundation PCS Hanna Building LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 562666434 Real Estate OH 3644764 22843889 Playhouse Square Foundation Playhouse Square 1305 Limited Partnership 1501 Euclid Avenue 200 Cleveland OH 441152197 271785756 Real Estate OH 430897 3656870 Playhouse Square Foundation Playhouse Square 1317 LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 454701283 Real Estate OH 348012 2429109 Playhouse Square Foundation Playhouse Square Holding Company LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 341972190 Real Estate OH 4516176 31010848 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 Holding Residential LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 921922779 Loan Holding Company OH 0 0 Playhouse Square Foundation Playhouse Square Hotel LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 821404398 Hotel Operations OH 8847040 12458729 Playhouse Square Foundation Playhouse Square Parking LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 825335622 Real Estate OH 953437 20515747 Playhouse Square Foundation Playhouse Square Residential LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 825345761 Real Estate OH 8767839 116277891 Playhouse Square Foundation PSF Management Company LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 341900407 Real Estate Management OH 1677181 9209822 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 One Playhouse Square Investors Limited Partnership 1501 Euclid Avenue 200 Cleveland OH 441152197 010750118 Real Estate OH Playhouse Square Foundation Related -398660 11812037 0 1 0.50000 Playhouse Square Hotel Limited Partnership 1501 Euclid Avenue 200 Cleveland OH 441152197 341745315 Hotel Operations OH N/A 0 0 PSC Bulkley Building LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 341926357 Real Estate OH Playhouse Square Holdings LLC Related -1389521 -16105057 0 1 0.99900 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 PSC Bulkley Building LLC J 406091 Cash One Playhouse Square Investors Limited Partnership J 311718 Cash