2024-06-24T12:43:16-05:00 2023-08-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-09-01 510149370 STEPPENWOLF THEATRE COMPANY STEP 3126545642 1700 N HALSTED STREET CHICAGO IL 60614 CAROLE L BROWN TRUSTEE 3126545642 2024-06-19 1 CAROLE BROWN 999009999 0 LU ANN TRAPP P01506476 3122071040 2024-06-19 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEATING CROWN 1700 N HALSTED STREET CHICAGO IL 60614 24797888 0 X WWW.STEPPENWOLF.ORG X 1975 IL STEPPENWOLF IS AMERICA'S LEADING ENSEMBLE THEATER, LAUNCHING PAD FOR NEW PLAYS, AND VISIONARY ARTS EDUCATION CENTER. 49 44 385 300 233716 0 23639145 6619452 3587055 4095996 1020899 1283071 271791 211884 28518890 12210403 0 0 0 0 9957992 12168536 118000 101651 2247430 8244619 9988003 18320611 22258190 10198279 -10047787 121993585 112942728 56343084 55786148 65650501 57156580 X STEPPENWOLF THEATRE COMPANY STRIVES TO CREATE THRILLING, COURAGEOUS, AND PROVOCATIVE ART IN A THOUGHTFUL AND INCLUSIVE ENVIRONMENT. WE SUCCEED WHEN WE DISRUPT YOUR ROUTINE WITH EXPERIENCES THAT SPARK CURIOSITY, EMPATHY AND JOY. WE INVITE YOU TO JOIN OUR ENSEMBLE AS WE NAVIGATE, TOGETHER, OUR COMPLEX WORLD. 0 0 15090879 4213998 IN SUPPORT OF OUR CORE ARTISTIC TENETS, WE SEEK TO 1) SERVE AS AN ARTISTIC HOME FOR OUR ENSEMBLE AND A LAUNCHING PAD FOR BOLD, NEW WORK; 2) AMPLIFY THE VOICES OF CHICAGO TEENS AND CULTIVATE FUTURE GENERATIONS OF ARTISTS AND ENTHUSIASTS; AND 3) PROVIDE A COLLABORATIVE SPACE FOR INDEPENDENT ARTISTS AND COMPANIES TO PROMOTE A STRONGER, SUSTAINABLE, AND VIBRANT ARTS COMMUNITY.STEPPENWOLF PRODUCES HUNDREDS OF PERFORMANCES AND EVENTS IN ITS THREE SPACES: THE 500-SEAT DOWNSTAIRS THEATER; THE 400-SEAT ENSEMBLE THEATER; AND THE 80-SEAT 1700 THEATER. ARTISTIC PROGRAMMING INCLUDES A MAIN STAGE SEASON OF NEW WORK AND REIMAGINED PLAYS; A TWO-PLAY STEPPENWOLF FOR YOUNG ADULTS SEASON; AND LOOKOUT, A MULTI-GENRE PERFORMANCE SERIES THAT GIVES A PLATFORM TO LOCAL EMERGING ARTISTS, QUINTESSENTIAL CHICAGO COMPANIES, AND YOUNG ASPIRING ENSEMBLES.REACHING OVER 15,000 TEENS, EDUCATORS, EARLY-CAREER PROFESSIONALS, AND COMMUNITY MEMBERS FROM ACROSS CHICAGO'S 77 NEIGHBORHOODS ANNUALLY, STEPPENWOLF EDUCATION CONSISTS OF IN-SCHOOL PROGRAMS, TEEN PROGRAMS, EDUCATOR TRAINING FOR CLASSROOM TEACHERS AND TEACHING ARTISTS, AND STEPPENWOLF FOR YOUNG ADULTS (SYA).IN 2023, TOTAL PERFORMANCES AND ATTENDANCE INCREASED 67% AND 49%, RESPECTIVELY FROM FISCAL 2022. THIS REPRESENTS A MORE COMPLETE RETURN TO LIVE PERFORMANCES THAN 2022, WHICH SUFFERED FROM PARTIAL COVID CLOSURES THROUGH THE YEAR. FINANCIALLY, THE 2022 SEASON WAS SUPPORTED BY THE RECOGNITION OF FEDERAL REVENUE (PPP LOANS AND THE SHUTTERED VENUE OPERATORS' GRANT) AND THIS SURPLUS WAS CARRIED FORWARD TO PARTIALLY OFFSET THE OPERATING DEFICIT INCURRED IN FISCAL 2023. ADDITIONALLY, STEPPENWOLF TRANSFERRED 2.5 TIMES ITS ANNUAL DRAW LEVEL ($2,755,000) FROM UNRESTRICTED ENDOWMENT FUNDS TO BOTH FURTHER OFFSET THE 2023 DEFICIT AND FUND OPERATING CASH FLOWS. STEPPENWOLF IS ENGAGED IN STRATEGIC PLANNING TO INCREASE EARNED REVENUES, SUPPLEMENT FUNDRAISING TO COMPENSATE FOR THE LOSS OF EARNED INCOME AND CONTAIN EXPENSES. 15090879 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 253 0 1 385 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 49 44 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MARIA NONDORF 3126545642 1700 N HALSTED STREET CHICAGO IL 60614 X AUDREY FRANCIS CO-ARTISTIC DIRECTOR 40.00 1.00 X X 244906 0 31913 GLENN DAVIS CO-ARTISTIC DIRECTOR 40.00 1.00 X X 241427 0 7256 YASEN PEYANKOV TRUSTEE 5.00 0.00 X 55051 0 0 SANDRA MARQUEZ TRUSTEE 5.00 0.00 X 17100 0 0 KAREN RODRIGUEZ TRUSTEE 5.00 0.00 X 16857 0 0 JON MICHAEL HILL TRUSTEE 5.00 0.00 X 7935 0 0 KEATING CROWN PRESIDENT 5.00 0.00 X X 0 0 0 CHRISTOPHER M MURPHY SECRETARY 5.00 0.00 X X 0 0 0 CAROLE L BROWN TREASURER 5.00 0.00 X X 0 0 0 STEPHANIE B SMITH VICE CHAIR 5.00 0.00 X X 0 0 0 AIMEE GRAHAM TRUSTEE 5.00 0.00 X 0 0 0 AMY BLUHM TRUSTEE 5.00 0.00 X 0 0 0 AMY ESHLEMAN TRUSTEE 5.00 0.00 X 0 0 0 ANNE M PHILLIPS TRUSTEE 5.00 0.00 X 0 0 0 ASHEESH GOEL TRUSTEE 5.00 0.00 X 0 0 0 BETH BOOSALIS DAVIS TRUSTEE 5.00 0.00 X 0 0 0 BRENDA ROBINSON TRUSTEE 5.00 0.00 X 0 0 0 BRUCE SAGAN TRUSTEE 5.00 0.00 X 0 0 0 BRYAN TRAUBERT TRUSTEE 5.00 0.00 X 0 0 0 CARI B SACKS TRUSTEE 5.00 0.00 X 0 0 0 CHANEL W CONEY TRUSTEE 5.00 0.00 X 0 0 0 COLETTE CACHEY SMITHBURG TRUSTEE 5.00 0.00 X 0 0 0 D CAMERON FINDLAY TRUSTEE 5.00 0.00 X 0 0 0 DAVID E MENDELSOHN TRUSTEE 5.00 0.00 X 0 0 0 DEBORAH QUAZZO TRUSTEE 5.00 0.00 X 0 0 0 DENNIS CHOOKASZIAN TRUSTEE 5.00 0.00 X 0 0 0 DENNIS D HOWARTER TRUSTEE 5.00 0.00 X 0 0 0 DOUGLAS R BROWN TRUSTEE 5.00 0.00 X 0 0 0 EBS BURNOUGH TRUSTEE - (THRU 6/1/2023) 5.00 0.00 X 0 0 0 ELIZABETH INGRAM TRUSTEE 5.00 0.00 X 0 0 0 ELLIOT A STULTZ TRUSTEE 5.00 0.00 X 0 0 0 HELEN ZELL TRUSTEE 5.00 0.00 X 0 0 0 LIZ KRAMER LEFKOFSKY TRUSTEE 5.00 0.00 X 0 0 0 LYNN LOCKWOOD MURPHY TRUSTEE 5.00 0.00 X 0 0 0 MARLENE BRESLOW-BLITSTEIN TRUSTEE 5.00 0.00 X 0 0 0 MATTHEW SHAPIRO TRUSTEE 5.00 0.00 X 0 0 0 MEREDITH BLUHM-WOLF TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL W BENDER TRUSTEE 5.00 0.00 X 0 0 0 NORA DALEY TRUSTEE 5.00 0.00 X 0 0 0 PAUL GOODRICH TRUSTEE 5.00 0.00 X 0 0 0 RACQUEL HARRIS TRUSTEE 5.00 0.00 X 0 0 0 REBECCA L JOHNSTON TRUSTEE 5.00 0.00 X 0 0 0 RICH FEITLER TRUSTEE 5.00 0.00 X 0 0 0 RITU DHINGRA TRUSTEE 5.00 0.00 X 0 0 0 ROBERT J GREENEBAUM JR TRUSTEE 5.00 0.00 X 0 0 0 ROBERT S RIVKIN TRUSTEE 5.00 0.00 X 0 0 0 RONALD J MALLICOAT JR TRUSTEE 5.00 0.00 X 0 0 0 SUSAN O BERGHOEF TRUSTEE 5.00 0.00 X 0 0 0 SUSAN STONE TRUSTEE 5.00 0.00 X 0 0 0 TARELL ALVIN MCCRANEY TRUSTEE 5.00 0.00 X 0 0 0 ELIZABETH BROOKE FLANAGAN EXECUTIVE DIRECTOR 40.00 1.00 X 307660 0 31074 ERIC EVENSKAAS DIRECTOR OF DEVELOPMENT 40.00 0.00 X 153493 0 31724 THOMAS PEARL PRODUCING DIRECTOR 40.00 0.00 X 124339 0 17414 MARIA NONDORF DIRECTOR OF FINANCE 40.00 0.00 X 116115 0 23518 JENNIFER HOYT DIRECTOR OF SPECIAL PROJECTS 40.00 0.00 X 103336 0 8586 1388219 0 151485 7 0 1 0 D&B GRAPHICS 1308 SHEFFIELD COURT CAROL STREAM IL 60188 PRINTING 362333 MIDWAY BUILDING SERVICES 6655 N AVONDALE CHICAGO IL 60631 CLEANING SERVICES 273279 CAPACITY INTERACTIVE PO BOX 50019 NEWARK NJ 07101 WEBSITE MAINTENANCE 192075 LS CONTRACTING GROUP INC 5660 N ELSTON AVE CHICAGO IL 60646 GENERAL CONTRACTOR 188429 TESSITURA NETWORK INC 11700 PRESTON RD DALLAS TX 75230 NETWORK SERVICES 152929 7 1561840 485603 4572009 622406 6619452 SUBSCRIPTION REVENUE 711110 3133850 3133850 TICKET REVENUE 711110 510131 510131 TICKET HANDLING INCOME 711110 182318 182318 COSTUME SALES 711110 121750 121750 PARKING INCOME 711110 92837 92837 55110 55110 4095996 1152618 1152618 111257 0 111257 111257 111257 11871098 108508 11849153 0 21945 108508 130453 130453 171735 1561840 422826 -251091 -251091 667224 315506 351718 239752 111966 12210403 4213998 233716 1143237 1044518 583365 307660 153493 8936410 5964117 1827396 1144897 257633 181280 46817 29536 1127200 777729 225605 123866 802775 509722 204682 88371 35923 35923 94760 94760 101651 101651 69424 69424 195701 5871 159568 30262 772209 772209 53125 13017 17147 22961 461113 144182 213944 102987 183968 183968 1101236 501305 504439 95492 424994 373879 48290 2825 37612 1052 34434 2126 1356043 1057713 216967 81363 2712390 2221634 353069 137687 288010 154624 113989 19397 DESIGN AND PRODUCTION F 838454 838454 PRODUCTION MATERIALS 668115 668115 BANK FEES 248022 49300 180219 18503 REPAIRS & MAINTENANCE 169661 61760 81579 26322 277243 27583 183969 65691 22258190 15090879 4919881 2247430 15175975 21525785 16839042 5516108 96021 25129 776825 556595 84921698 21611531 65592624 63310167 21725074 19486184 1788024 2522760 121993585 112942728 723246 734551 1892833 1772565 48788213 48587832 4938792 4691200 56343084 55786148 X 52210042 44988590 13440459 12167990 65650501 57156580 121993585 112942728 X -10047787 819130 734736 X X 0 1 X 1 0 X 12959006 7822318 9041423 23639145 6619452 60081344 12959006 7822318 9041423 23639145 6619452 60081344 2040730 58040614 1474292 1167003 540938 833587 1263875 5279695 28485 5101 87138 120724 65481763 21076024 0.88640 0.92140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15257797 929274 1763200 14423871 18180927 -2485130 438000 15257797 16034426 2759791 613290 18180927 16494527 149454 609555 16034426 16926876 54400 -28749 458000 16494527 0.22000 0.74000 0.04000 1 0 3807604 3807604 71212423 15170132 56042291 9714092 6441399 3272693 187579 187579 63310167 ANNUITIES PAYABLE CURRENT -11128 DUE TO AFFILIATE 4702328 4691200 14496012 819130 62835 1473068 2355033 12140979 69424 69424 12210403 23064592 62835 812991 875826 22188766 69424 69424 22258190 PART V, LINE 4: THE THEATRE USES ENDOWMENT FUNDS ON AN ANNUAL BASIS AS PERMITTED BY LAW AND POLICY FOR PROGRAMMING AND ARTISTIC INITIATIVES THAT FULFILL THE MISSION OF THE ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 734,736. COST OF GOODS SOLD 315,506. FUNDRAISING EXPENSES 422,826. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 315,506. CONSOLIDATED STATEMENTS - EXPENSES OF AFFILIATED ORGANIZATIONS 74,659. FUNDRAISING EXPENSES 422,826. X X X X X X X 1 PATRICIA HURLEY & ASSOCIATES INC 205 W WACKER DR 1400 CHICAGO IL 60606 EVENT PLANNING 0 1712075 60000 1652075 SD&A TELESERVICES INC 5757 W CENTURY BLVD 300 LOS ANGELES CA 90045 TELEFUNDING 0 38011 20975 17036 HURLEY & ASSOCIATES 860 N LAKE SHORE DR 15L CHICAGO IL 60611 CONSULTING 0 0 26250 -26250 CAMPBELL AND COMPANY 1 E WACKER DR 2100 CHICAGO IL 60601 CONSULTING 0 0 59200 -59200 1750086 166425 1583661 IL GALA 1712075 1542935 169140 24350 398076 ASSOCIATE EVENT 21500 18905 2595 400 0 1733575 1561840 171735 24350 398476 422826 -251091 X X X X 0 0 0 0 0 0 0 0 0 ELIZABETH BROOKE FLANAGAN EXECUTIVE DIRECTOR 307660 0 0 0 0 0 12600 0 18474 0 338734 0 0 0 AUDREY FRANCIS CO-ARTISTIC DIRECTOR 244906 0 0 0 0 0 20500 0 11413 0 276819 0 0 0 GLENN DAVIS CO-ARTISTIC DIRECTOR 241427 0 0 0 0 0 0 0 7256 0 248683 0 0 0 ERIC EVENSKAAS DIRECTOR OF DEVELOPMENT 153493 0 0 0 0 0 20500 0 11224 0 185217 0 0 0 A ILLINOIS FINANCE AUTHORITY 861091967 S99992590 2013-02-28 17000000 TO REPAY EXISTING TAXABLE AND TAX EXEMPT DEBT AND TO RENNOVATE PROPERTY 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45204EU30 2019-02-26 36000000 FOR CONSTRUCTION AND RENOVATION OF A BUILDING 0 0 0 A 3845000 16974044 265282 17098 2128394 1496732 2013 1 0 1 1 B 35953200 1870226 382817 51137 32102669 1546351 2022 0 0 1 1 A 0 0 0 0 1 1 0.14000 1 0 B 0 0 0 0 1 0 0 A 0 0 0 1 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/28/2023 SCHEDULE K, PART II, LINE 3: THE PROCEEDS ARE NET OF THE UNDERWRITER'S DISCOUNT. $6,259,147.69 OF PROCEEDS WERE APPLIED TO PAYMENT OF THE TAXABLE 2012 LOAN. $556,643.03 OF PROCEEDS WERE APPLIED TO PAYMENT OF THE 2011 TAXABLE LOAN. SCHEDULE K, PART II, LINE 3: THE PROCEEDS ARE NET OF THE UNDERWRITER'S DISCOUNT. X 20 404214 CASH PROCEEDS X AIRFARE 1 203193 COST X MISCELLANEOUS 1 15000 COST 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: SECURITIES ARE DONATED THROUGH A BROKERAGE FIRM AND SOLD IMMEDIATELY. FORM 990, PART VI, SECTION A, LINE 2 MEREDITH BLUHM-WOLF AND AMY BLUHM HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990. THE AUDIT COMMITTEE IS THE COMMITTEE OF THE GOVERNING BODY WHICH IS DESIGNATED TO REVIEW THE FORM 990. THE RETURN IS DISTRIBUTED VIA E-MAIL TO THE ENTIRE GOVERNING BODY PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT EITHER INDICATING THAT THEY HAVE NO CONFLICTS OF INTEREST AS DEFINED IN THE POLICY OR TO LIST EXCEPTIONS WHEN THEY DO HAVE CONFLICTS OF INTEREST. MANAGEMENT DISTRIBUTES THE POLICY TO THE BOARD OF TRUSTEES ANNUALLY. THE SIGNED POLICIES ARE COLLECTED AND KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF TOP MANAGEMENT IS MANAGED BY THE BOARD CHAIR THROUGH THE EXECUTIVE COMMITTEE. THEY REVIEW PUBLISHED COMPENSATION OF COMPARABLE POSITIONS WITHIN THE CITY AND INDUSTRY. COMPENSATION IS ALSO BASED ON THE ORGANIZATIONAL BUDGET, INDIVIDUAL QUALIFICATIONS, AND INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART VII, SECTION A: THE FOLLOWING BOARD MEMBERS RECEIVED COMPENSATION FOR ART SERVICES AND NOT FOR BOARD DUTIES. THE COMPENSATION IS REPORTED ON PART VII. YASEN PEYANKOV - $55,051 SANDRA MARQUEZ - $17,100 KAREN RODRIGUEZ - $16,857 JON MICHAEL HILL - $7,935 FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 734,736. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. STEPPENWOLF FOUNDATION I 1700 N HALSTED ST CHICAGO IL 60614 364041811 TO SUPPORT THE STEPPENWOLF THEATRE COMPANY'S THEATRE PROGRAMS IL 501(C)(3) LINE 12A, I STEPPENWOLF THEATRE COMPANY 1 STEPPENWOLF FOUNDATION II 1700 N HALSTED ST CHICAGO IL 60614 364041812 TO SUPPORT THE STEPPENWOLF THEATRE COMPANY'S THEATRE PROGRAMS IL 501(C)(3) LINE 12A, I STEPPENWOLF THEATRE COMPANY 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 STEPPENWOLF FOUNDATION I E 49155000 LOAN DOCUMENT STEPPENWOLF FOUNDATION II E 49155000 LOAN DOCUMENT PART V, LINE 1E: STEPPENWOLF THEATRE COMPANY REFINANCED EXISTING DEBT AND SECURED ADDITIONAL DEBT FOR THE RENOVATION OF 1700 N. HALSTED. STEPPENWOLF THEATRE COMPANY, STEPPENWOLF FOUNDATION I AND STEPPENWOLF FOUNDATION II ARE ALL LISTED ON THE LOAN DOCUMENTS.