2023-06-13T15:02:02-05:00 2022-08-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2021-09-01 510149370 STEPPENWOLF THEATRE COMPANY STEP 3126545642 1700 N HALSTED STREET CHICAGO IL 60614 CAROLE L BROWN TRUSTEE 3126545642 2023-05-26 1 CAROLE BROWN 999009999 LU ANN TRAPP P01506476 3122071040 2023-05-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KEATING CROWN 1700 N HALSTED STREET CHICAGO IL 60614 45981365 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 47 252 300 193152 0 9041423 23639145 161122 3587055 1141189 1020899 27066 271791 10370800 28518890 0 0 0 0 5690106 9957992 63000 118000 2151485 5241269 8244619 10994375 18320611 -623575 10198279 121972303 121993585 66818074 56343084 55154229 65650501 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 11532338 3627191 IN SUPPORT OF OUR CORE ARTISTIC MISSION, WE SEEK TO 1) HIGHLIGHT OUR WORLD-CLASS ENSEMBLE THROUGH THOUGHT PROVOKING, YEAR-ROUND PERFORMANCES, 2) CREATE AND DEVELOP INNOVATIVE NEW WORKS FOR THE STAGE, AND 3) CELEBRATE THE LEARNER, MAKER, AND APPRECIATOR IN EACH OF US THROUGH OUR EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMMING.STEPPENWOLF'S PROGRAMMING SHIFTED DURING THE TWO YEARS OF FORCED CLOSURE DUE TO THE COVID-19 PANDEMIC. IN NOVEMBER 2021, AS PART OF OUR RETURN TO THE STAGE, STEPPENWOLF UNVEILED THE 50,000 SQUARE FOOT LIZ AND ERIC LEFKOFSKY ARTS AND EDUCATION CENTER. THIS NEWLY EXPANDED CAMPUS AND ARTS AND EDUCATION CENTER FEATURES THE ENSEMBLE THEATER, A 400-SEAT ROUND THEATER; THE LOFT, A DEDICATED FLOOR OF CLASSROOMS AND GALLERIES FOR TEEN-CENTERED LEARNING; A WINE BAR; AND A SIDEWALK LOUNGE. IT HAS BEEN INTENTIONALLY DESIGNED TO INCREASE THE SOCIAL GATHERING SPACES WHERE ARTISTS, TEENS, AND AUDIENCES CAN FIND COMMUNITY AND ENGAGE IN LEARNING AND CONVERSATION. BUILT WITH THE HIGHEST ACCESSIBILITY STANDARDS, THE EXPANDED CAMPUS INVITES NEW RELATIONSHIPS WITH ITS PATRONS, NEIGHBORHOOD, AND CITY. STEPPENWOLF'S RETURN TO LIVE PERFORMANCE IN THE 2021/22 SEASON WAS MET WITH COVID TIDAL WAVES, HISTORIC INFLATION, AND THE AFTERMATH OF THE GREAT RESIGNATION, WHICH CONTRIBUTED TO INCREASED OPERATING COSTS AND DECREASED REVENUE SOURCES. OPERATING EXPENSES OF $18,938,000 IN 2021/22 WERE 71% HIGHER THAN 2020/21. HOWEVER, EARNED REVENUE SOURCES ONLY COVERED 22% OF 2021/22 OPERATING EXPENSES. REVENUE FROM FEDERAL AND STATE GOVERNMENT FUNDING SOURCES, INCLUDING PPP LOANS AND THE SHUTTERED VENUE OPERATORS' GRANT SUSTAINED THE ORGANIZATION IN 2021/22, HELPING COVER THE LOSS OF EARNED INCOME. CONTINUED DONOR OUTREACH AND ENGAGEMENT, INCLUDING AN IN-PERSON FUNDRAISING GALA IN MAY 2022, LED TO STEADY CONTRIBUTED INCOME LEVELS FOR 2021/22. TO SUPPORT FUTURE OPERATIONS, STEPPENWOLF IS RE-EXAMINING OUR OPERATIONS TO EXPAND OUR AUDIENCE AND DONOR BASE, STREAMLINE OUR PROGRAMMATIC OPERATIONS, AND ESTABLISHING A STRONG CASE FOR SUPPORT TO CLOSE OUR CAPITAL CAMPAIGN AND DEFEASE OUR CONSTRUCTION DEBT. 11532338 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 1 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 1 143 0 1 252 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 49 47 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 ANNA D SHAPIRO ARTISTIC DIRECTOR (THRU 8/31/21) 40.00 1.00 X X 153343 0 0 AUDREY FRANCIS CO-ARTISTIC DIRECTOR (BEG 7/19/21) 40.00 1.00 X X 115661 0 4594 GLENN DAVIS CO-ARTISTIC DIRECTOR (BEG 7/19/21) 40.00 1.00 X X 107759 0 2262 KEATING CROWN PRESIDENT 5.00 0.00 X X 0 0 0 STEPHANIE B SMITH VICE CHAIR 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 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 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 JON MICHAEL HILL TRUSTEE 5.00 0.00 X 402 0 0 KAREN RODRIGUEZ TRUSTEE 5.00 0.00 X 7089 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 RACQUEL HARRIS TRUSTEE 5.00 0.00 X 0 0 0 REBECCA 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 SANDRA MARQUEZ TRUSTEE 5.00 0.00 X 4150 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 YASEN PEYANKOV TRUSTEE 5.00 0.00 X 4992 0 0 ELIZABETH BROOKE FLANAGAN EXECUTIVE DIRECTOR 40.00 1.00 X 278415 0 12234 MERCEDES ROHLFS CAMPAIGN DIRECTOR (THRU 5/20/22) 40.00 0.00 X 114452 0 25992 LESLIE MASTROIANNI DIRECTOR DEVELOPMENT (THRU 8/13/21) 40.00 0.00 X 106866 0 23163 ERIC EVENSKAAS DIRECTOR OF DEVELOPMENT 40.00 0.00 X 103672 0 23233 996801 0 91478 7 0 1 0 NORCON 661 N OHIO ST CHICAGO IL 60615 GENERAL CONTRACTOR 4352296 D&B GRAPHICS 1308 SHEFFIELD COURT CAROL STREAM IL 60188 PRINTING 351029 MIDWAY BUILDING SERVICES 6655 N AVONDALE CHICAGO IL 60631 CLEANING SERVICES 298428 ALLIED GLOBAL MARKETING 55 CAMBRIDGE PARKWAY SUITE 200 CAMBRIDGE MA 02142 MARKETING SERVICES 241372 CAPACITY INTERACTIVE CONSULTING BOX 83447 WOBURN MA 01813 DIGITAL MARKETING CONSULTANTS 170725 6 X 1785140 14819371 7034634 411654 23639145 SUBSCRIPTION REVENUE 711110 2438893 2438893 TICKET REVENUE 711110 703741 703741 TICKET HANDLING INCOME 711110 164278 164278 COSTUME SALES 711110 117859 117859 TOUR INCOME 711110 91473 91473 70811 70811 3587055 688603 688603 74750 74750 70234 0 70234 70234 70234 17125298 77254 16870256 0 255042 77254 332296 332296 191230 1785140 384849 -193619 -193619 440658 207370 233288 157995 75293 MISCELLANEOUS REVENUE 900099 87138 87138 87138 28518890 3627191 193152 1059402 968987 365583 278415 324989 7241472 4781964 1625294 834214 178268 106210 39112 32946 999373 721241 180721 97411 569892 365531 133623 70738 1620 1620 89829 89829 10000 10000 118000 118000 70799 70799 169821 2850 162090 4881 491021 491021 381094 20346 268103 92645 423158 119226 218770 85162 196847 196847 2001211 965017 801815 234379 379741 356750 20688 2303 37577 3422 32196 1959 1115909 869471 179556 66882 1232316 1010759 144225 77332 244090 125341 102894 15855 DESIGN AND PRODUCTION F 947504 947504 BANK FEES 179231 154403 24828 REPAIRS & MAINTENANCE 133631 44184 66209 23238 DUES AND SUBSCRIPTIONS 33806 850 32956 105414 38221 23470 43723 18320611 11532338 4636788 2151485 19504212 15175975 10943365 16839042 96021 1002450 776825 84491764 18899140 63422109 65592624 27100167 21725074 0 1788024 121972303 121993585 3432060 723246 3327345 1892833 48983594 48788213 3448000 0 7627075 4938792 66818074 56343084 X 30011470 52210042 25142759 13440459 55154229 65650501 121972303 121993585 X 10198279 -4061081 4359074 X X 0 1 X 1 1 1 X 25237704 12959006 7822318 9041423 23639145 78699596 25237704 12959006 7822318 9041423 23639145 78699596 1371458 77328138 1010723 1474292 1167003 540938 833587 5026543 38975 38975 41280 28485 5101 87138 162004 83927118 25636600 0.92140 0.90780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 10000 10000 0 PART II-B, LINE 1: DUES PAID TO PROFESSIONAL NON-PROFIT THEATRE COALITION, AN ADVOCACY ORGANIZATION. 18180927 -2485130 438000 15257797 16034426 2759791 613290 18180927 16494527 149454 609555 16034426 16926876 54400 -28749 458000 16494527 13596418 2706956 1024702 401200 16926876 0.22000 0.70000 0.08000 1 0 3807604 3807604 71179381 12991713 58187668 9316675 5907427 3409248 188104 188104 65592624 ANNUITIES PAYABLE CURRENT 42795 DUE TO AFFILIATE 4895997 4938792 29359878 -4061081 21575 4951293 911787 28448091 70799 70799 28518890 18937799 21575 666412 687987 18249812 70799 70799 18320611 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 4,359,074. COST OF GOODS SOLD 207,370. FUNDRAISING EXPENSES 384,849. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 207,370. CONSOLIDATED STATEMENTS - EXPENSES OF AFFILIATED ORGANIZATIONS 74,193. FUNDRAISING EXPENSES 384,849. EUROPE (INCLUDING ICELAND & GREENLAND) 0 9 PROGRAM SERVICES PERFORMED PLAY (TRUE WEST) AT GALWAY IRELAND ARTS FESTIVAL IN JULY 2022 43641 0 9 0 0 0 9 43641 0 43641 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X X 1 HURLEY & ASSOCIATES 860 N LAKE SHORE DR 15L CHICAGO IL 60611 CONSULTING 0 0 63000 -63000 PATRICIA HURLEY & ASSOCIATES INC 205 W WACKER DR 1400 CHICAGO IL 60606 CONSULTING 0 0 55000 -55000 118000 -118000 IL GALA 1956861 1765811 191050 384174 ASSOCIATE EVENT 19509 19329 180 675 0 1976370 1785140 191230 384849 384849 -193619 SCHEDULE G, PART I, LINE 2B, COLUMN (V) CONSULTING ON FUNDRAISING BEST PRACTICES. THE CONSULTANT WERE NOT RESPONSIBLE FOR ANY DIRECT FUNDRAISING. X X X X X 0 0 0 0 0 0 0 0 0 ELIZABETH BROOKE FLANAGAN EXECUTIVE DIRECTOR 278415 0 0 0 0 0 0 0 12234 0 290649 0 0 0 ANNA D SHAPIRO ARTISTIC DIRECTOR (THRU 8/31/21) 153343 0 0 0 0 0 0 0 0 0 153343 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 3620000 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 1 0 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 0 B 0 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 14 220379 CASH PROCEEDS X AIRFARE 1 185775 COST X MISCELLANEOUS 1 5500 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. KAREN RODRIGUEZ - $7,089 YASEN PEYANKOV - $4,992 JON MICHAEL HILL - $402 SANDRA MARQUEZ - $4,150 FORM 990, PART VIII, LINE 1E GOVERNMENT GRANTS (CONTRIBUTIONS) FOR THE CURRENT YEAR, INCLUDE PANDEMIC RELATED FUNDING FROM THE SHUTTERED VENUE OPERATORS GRANT, REBUILD ILLINOIS CULTURAL CAPITAL GRANT AND PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 4,359,074. 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 1 0 0 1 STEPPENWOLF FOUNDATION I E 49380000 LOAN DOCUMENT STEPPENWOLF FOUNDATION II E 49380000 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.