2023-10-14T20:14:15-05:00 2022-12-31 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2022-01-01 951543396 OLD GLOBE THEATRE OLDG 6192311941 PO BOX 122171 SAN DIEGO CA 921122171 MICHELLE L YEAGER DIRECTOR OF FINANCE 6192311941 2023-10-13 1 MICHELLE YEAGER 999009999 1 JANE COLEMAN SENIOR MANAGER P01391236 8586271400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE OLD GLOBE MICHELLE L YEAGER PO BOX 122171 SAN DIEGO CA 921122171 35224305 0 X WWW.THEOLDGLOBE.ORG X 1937 CA AS ONE OF THE NATION'S LEADING PROFESSIONAL REGIONAL THEATRES AND ONE OF SAN DIEGO'S LARGEST ARTS INSTITUTIONS, THE TONY AWARD-WINNING OLD GLOBE HAS SERVED THE SAN DIEGO REGION SINCE 1937 WHEN A POPULAR VENUE FOR SHAKESPEARE'S WORK AT THE 1935-36 CALIFORNIA PACIFIC INTERNATIONAL EXPOSITION IN BALBOA PARK WAS ESTABLISHED AS A PERMANENT OPERATION. THE OLD GLOBE PRODUCES A YEAR-ROUND SEASON OF 15 OR MORE PLAYS AND MUSICALS, INCLUDING WORLD PREMIERES, MODERN CLASSICS, NEW WORKS, BROADWAY-BOUND PRODUCTIONS AND THE HIGHLY-REGARDED SUMMER SHAKESPEARE FESTIVAL. IN ADDITION TO THE ARTISTIC PROGRAMMING ON ITS THREE STAGES, WITH AUDIENCE CAPACITIES OF 600/600/250, THE GLOBE OFFERS A WIDE RANGE OF ARTS ENGAGEMENT AND HUMANITIES PROGRAMS THAT CONTRIBUTE TO THE GROWTH AND EDUCATION OF AUDIENCES AND THE COMMUNITY AT LARGE. 52 50 887 1850 5122 0 22809383 12222879 7109250 21339381 178047 532156 -180168 125255 29916512 34219671 934680 573261 0 0 14143495 22074971 0 190410 2265026 8451137 16424915 23529312 39263557 6387200 -5043886 87825720 81721511 11280541 9098039 76545179 72623472 X THE MISSION OF THE OLD GLOBE IS TO PRESERVE, STRENGTHEN AND ADVANCE AMERICAN THEATRE BY: CREATING THEATRICAL EXPERIENCES OF THE HIGHEST PROFESSIONAL STANDARDS; PRODUCING AND PRESENTING WORKS OF EXCEPTIONAL MERIT, DESIGNED TO REACH CURRENT AND FUTURE AUDIENCES; ENSURING DIVERSITY AND BALANCE IN PROGRAMMING; PROVIDING AN ENVIRONMENT FOR THE GROWTH AND EDUCATION OF THEATRE PROFESSIONALS, AUDIENCES AND THE COMMUNITY AT LARGE. 0 0 31457137 404261 21437690 THE OLD GLOBE WELCOMED 200,000 ADMISSIONS AND PROGRAM PARTICIPANTS, INCLUDING THOSE WHO ATTENDED OUR FREE ARTS ENGAGEMENT PROGRAMS IN THE COMMUNITY. THE OLD GLOBE PRESENTED 550 PERFORMANCES OF 15 PLAYS IN OUR THREE VENUES IN BALBOA PARK PLUS AT 19 VENUES THROUGHOUT THE SAN DIEGO REGION, INCLUDING IN TIJUANA, B.C., MEXICO. THE GLOBE ANNUALLY EMPLOYS MORE THAN 700 ARTISTS, ARTISANS, AND STAFF MEMBERS, ATTRACTING LEADING NATIONAL THEATRE ARTISTS TO SAN DIEGO AS WELL AS STRENGTHENING THE LOCAL THEATRE SCENE BY HIRING HIGH-CALIBER PROFESSIONALS. OUR ANNUAL ECONOMIC IMPACT FOR SAN DIEGO IS $45.5 MILLION. THE GLOBE HAS SENT 26 SHOWS TO BROADWAY - OUR LATEST, BOB FOSSE'S DANCIN', SEEN AT THE GLOBE IN 2022, OPENED ON BROADWAY IN MARCH 2023.OUR SOCIAL JUSTICE ROADMAP HAS BEEN HAILED AS AN EXEMPLAR FOR AMERICAN THEATRE, WITH MEASURABLE COMMITMENTS AND REPORTS ON OUR PROGRESS SHARED WITH OUR COMMUNITY. THE GLOBE'S POWERS NEW WORKS FUND SUPPORTED THE COMMISSION OF EIGHT PLAYWRIGHTS, FUNDED EIGHT DEVELOPMENTAL WORKSHOPS, AND SUPPORTED THE 2022 POWERS NEW VOICES FESTIVAL. TWO OF THE FIVE PLAYS SHOWCASED DEVELOPED IN 2022 (EXOTIC DEADLY AND CRIME AND PUNISHMENT, A COMEDY) WILL RECEIVE THEIR WORLD PREMIERES IN THE GLOBE'S 2023 SEASON, AND UNDER A BASEBALL SKY, FIRST READ IN THE 2021 POWERS NEW VOICES FESTIVAL, RECEIVES ITS WORLD PREMIERE AT THE GLOBE IN 2023.THE GLOBE'S ARTS ENGAGEMENT PROGRAMS ARE RECOGNIZED INTERNATIONALLY FOR THEIR INNOVATION, RESPONSIVENESS, AND ABILITY TO CONNECT WITH DIVERSE POPULATIONS. EIGHTEEN DIFFERENT ARTS ENGAGEMENT PROGRAMS INCLUDE GLOBE FOR ALL TOURS OF PLAYS TO NEIGHBORHOOD VENUES; COMMUNITY VOICES PLAYWRITING WORKSHOPS; AXIS, FREE PROGRAMS ON THE GLOBE'S COPLEY PLAZA; AND REFLECTING SHAKESPEARE, AN INTERACTIVE WRITING AND PERFORMANCE WORKSHOP IN FACILITIES FOR PEOPLE WHO ARE INCARCERATED OR FOR RETURNING CITIZENS. THE GLOBE PARTNERS WITH OVER 40 COMMUNITY ORGANIZATIONS, INCLUDING VETERANS VILLAGE, NAVAL BASE SAN DIEGO, FOURTH DISTRICT SENIOR RESOURCE CENTER, SBCS, LAS COLINAS DETENTION AND REENTRY FACILITY, CENTINELA AND DONOVAN STATE PRISONS, OCEANSIDE PUBLIC LIBRARY, AND MANY MORE.FREE STUDENT MATINEES SERVED NEARLY 5,000 YOUNG PEOPLE AND THEIR TEACHERS, INTRODUCING THEM TO THEATRE - MANY FOR THE VERY FIRST TIME. OTHER PROGRAMS FOR YOUTH INCLUDE SCHOOL IN THE PARK, AN IMMERSIVE, MULTI-WEEK PROGRAM FOR ELEMENTARY AND MIDDLE SCHOOLS AT THE GLOBE, PAM FARR SUMMER SHAKESPEARE STUDIO FOR YOUNG ACTORS, THEATRE DESIGN STUDIO, WHICH INTRODUCES YOUNG PEOPLE TO CAREERS IN PRODUCTION, AND CREATIVE YOUTH STUDIO, WHICH GUIDES STUDENTS IN PERFORMANCE, TECHNICAL THEATRE, AND CAREER BUILDING. ALL TOGETHER, THESE PROGRAMS SERVED NEARLY 1,250 STUDENTS IN 2022.THE GLOBE DISTRIBUTED OVER 4,000 FREE TICKETS TO COMMUNITY ORGANIZATIONS, INCLUDING SBCS (FORMERLY SOUTH BAY COMMUNITY SERVICES), COMMUNITY YOUTH ATHLETICS CENTER IN NATIONAL CITY, ELDERHELP OF SAN DIEGO, AND THE USO.1999 MILITARY FAMILIES RECEIVED DISCOUNT TICKETS THROUGH BLUE STAR FAMILIES DISCOUNT PROGRAM. 341 FREE TICKETS WERE DISTRIBUTED TO ACTIVE DUTY MILITARY-CONNECTED INDIVIDUALS AND 159 TICKETS WENT TO VETERANS. 169000 169000 THE GLOBE IS COMMITTED TO TRAINING THE ARTISTS OF THE FUTURE. THE OLD GLOBE AND UNIVERSITY OF SAN DIEGO SHILEY GRADUATE THEATRE PROGRAM IS CONSISTENTLY RANKED IN THE TOP TEN INTERNATIONALLY FOR GRADUATE THEATRE PROGRAMS. PROGRAMS FOR DIVERSE DIRECTORS, PLAYWRIGHTS, AND OTHER THEATRE ARTISTS HAVE HELPED TO LAUNCH OR EXPAND CAREERS OF THEATRE ARTISTS THROUGHOUT THE NATION. 31626137 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 303 0 1 887 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 52 50 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X MICHELLE L YEAGER 6192311941 1363 OLD GLOBE WAY SAN DIEGO CA 92101 ANN DAVIES BOARD PAST CHAIR 6.00 X 0 0 0 ANTHONY S THORNLEY BOARD TREASURER 8.00 0.50 X X 0 0 0 BARRY EDELSTEIN ARTISTIC DIRECTOR 40.00 X X 485434 0 146211 CASSANDRA WEINLEIN BOARD MEMBER 4.00 X 0 0 0 CHRISTIAN BUCKLEY BOARD MEMBER 4.00 X 0 0 0 CHRISTINE ROBERTS TRIMBLE BOARD MEMBER 4.00 X 0 0 0 DAPHNE H JAMESON BOARD MEMBER 4.00 X 0 0 0 DAVID JAY OHANIAN BOARD MEMBER 4.00 0.50 X 0 0 0 DEBRA TURNER BOARD MEMBER 4.00 X 0 0 0 DEIRDRA PRICE PHD BOARD MEMBER 4.00 X 0 0 0 DIRK HARRIS BOARD MEMBER 4.00 X 0 0 0 DONALD L COHN PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 ELAINE BENNETT DARWIN PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 ELEANOR Y CHARLTON BOARD MEMBER 4.00 X 0 0 0 ELLISE COIT BOARD MEMBER 4.00 X 0 0 0 EVELYN MACK TRUITT BOARD MEMBER 4.00 X 0 0 0 EVELYN OLSON LAMDEN BOARD CHAIR 15.00 X X 0 0 0 GEORGE C GUERRA BOARD MEMBER, FINANCE CHAIR 8.00 0.50 X 0 0 0 GEORGE S DAVIS BOARD MEMBER 4.00 0.50 X 0 0 0 HAROLD W FUSON JR PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 JEAN SHEKHTER BOARD MEMBER 4.00 X 0 0 0 JENNIFER GREENFIELD BOARD MEMBER 4.00 X 0 0 0 JUDY MCMORROW BOARD MEMBER (THRU 12/22) 4.00 X 0 0 0 JULES ARTHUR BOARD MEMBER 4.00 X 0 0 0 KAREN L SEDGWICK BOARD MEMBER, AUDIT CHAIR 8.00 X 0 0 0 KAREN TANZ BOARD MEMBER 4.00 X 0 0 0 KARIN WINNER BOARD MEMBER 4.00 X 0 0 0 KEVEN LIPPERT BOARD MEMBER 4.00 X 0 0 0 LYNNE WHEELER BOARD MEMBER (THRU 02/22) 4.00 X 0 0 0 MARGARITA WILKINSON BOARD MEMBER 4.00 X 0 0 0 MARK DELFINO BOARD MEMBER 4.00 1.00 X 0 0 0 MICHAEL TAYLOR BOARD MEMBER 4.00 X 0 0 0 MONICA MEDINA BOARD MEMBER 4.00 X 0 0 0 NICOLE A CLAY PAST CHAIR, EX-OFFICIO 6.00 0.50 X 0 0 0 NISHMA HELD BOARD MEMBER 4.00 X 0 0 0 NOELLE NORTON PHD BOARD MEMBER 4.00 X 0 0 0 PAM WAGNER BOARD MEMBER 4.00 X 0 0 0 PAMELA A FARR BOARD MEMBER 4.00 1.00 X 0 0 0 PAULA POWERS BOARD SECRETARY 8.00 X X 0 0 0 PETER LANDIN BOARD MEMBER 4.00 0.50 X 0 0 0 RENE WAILES BOARD MEMBER 4.00 X 0 0 0 RHONA THOMPSON BOARD MEMBER 4.00 X 0 0 0 ROBERT FOXWORTH BOARD MEMBER 4.00 X 0 0 0 RYAN NELSON BOARD MEMBER (THRU 11/22) 4.00 X 0 0 0 SANDRA REDMAN BOARD MEMBER 4.00 X 0 0 0 SHEILA LIPINSKY BOARD MEMBER (THRU 12/22) 4.00 X 0 0 0 SHERYL WHITE PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 SILVIJA DEVINE BOARD MEMBER 4.00 X 0 0 0 STEPHANIE R BULGER PHD BOARD MEMBER 4.00 X 0 0 0 SUE SANDERSON BOARD MEMBER 4.00 0.50 X 0 0 0 SUSAN HOEHN BOARD MEMBER 4.00 X 0 0 0 TERRY ATKINSON BOARD MEMBER 4.00 0.50 X 0 0 0 TIM SHIELDS MANAGING DIRECTOR 40.00 X X 496329 0 150228 VALERIE ATTISHA BOARD MEMBER 4.00 X 0 0 0 VICKI L ZEIGER PAST CHAIR, EX-OFFICIO 6.00 0.50 X 0 0 0 ZEYNAP ILGAZ BOARD MEMBER 4.00 X 0 0 0 ALEX ORBOVICH GENERAL MANAGER 40.00 X 135978 0 7042 DAVID HENSON DIRECTOR OF MARKETING 40.00 X 190764 0 5723 LLEWELLYN CRAIN DIRECTOR OF PHILANTHROPY 40.00 X 207355 0 23637 MICHELLE YEAGER DIRECTOR OF FINANCE 40.00 X 180883 0 14858 ROBERT DRAKE SENIOR PRODUCER 40.00 X 153270 0 14331 BENJAMIN THORON PRODUCTION MANAGER 40.00 X 125084 0 12830 DEAN M YAGER INFORMATION TECHNOLOGY DIRECTOR 40.00 X 126980 0 13713 RYAN OSBORN MASTER ELECTRICIAN 40.00 X 118903 0 35798 SANDRA PARDE DIRECTOR OF HUMAN RESOURCES 40.00 X 109231 0 4053 STACY SUTTON COSTUME DIRECTOR 40.00 X 107036 0 12305 2437247 0 440729 16 0 1 0 BEG BORROW STEAL STUDIO PRIVATE LIMITED FLAT 1 NEW SHAMS BUILDING 76 TURNE BANDRA WEST MUMBAI IN 4000050 COSTUMES 167653 CHRISTIE LITES LAS VEGAS 6990 LAKE ELLENOR DRIVE ORLANDO FL 32809 THEATRICAL LIGHTING AND RENTALS 145165 DNB DESIGN LLC 11331 183RD STREET 207 CERRITOS CA 90703 SOUND DESIGN AND RENTALS 121736 MOSS ADAMS LLP PO BOX 101822 PASADENA CA 911891822 ACCOUNTING 119402 LAMARCA HEINRICH STRATEGIC CONSULTING LL 1441 HAWTHORNE TERRACE BERKELEY CA 94708 CONSULTING 114514 5 1029076 857418 2930427 7405958 411005 12222879 ADMISSIONS 711310 12912717 12912717 ENHANCEMENT REVENUE 711310 7182331 7182331 EDUCATIONAL PROGRAMS 611600 1627 1627 1242706 1242706 21339381 532156 532156 16868 16868 122400 6404 73374 0 49026 6404 55430 5122 50308 53500 1029076 533109 -479609 -479609 930717 398151 532566 98309 434257 34219671 21437690 5122 553980 404261 404261 169000 169000 2212041 957200 636548 618293 15377201 13525875 1134238 717088 1234195 1059723 99814 74658 1667588 1431431 148344 87813 1583946 1354288 132293 97365 30237 10897 19340 292649 292649 190410 190410 79894 79894 2910441 2079936 819020 11485 915794 885303 10580 19911 949167 437986 454035 57146 372168 13978 358190 709002 709002 682662 577087 105575 543680 523958 17210 2512 19017 6721 10416 1880 11016 11016 1802069 1423449 378620 889452 766201 113652 9599 PRODUCTION 4620071 4620071 BANK CHARGES 447580 445020 2560 MAINTENANCE 382522 325838 56684 CATERING 315208 161063 1457 152688 452286 171853 58815 221618 39263557 31626137 5372394 2265026 -17771 2729319 13729672 2915465 6404303 5811472 118074 5152063 136085 176801 628738 548006 49439520 30631945 20165791 18807575 16855377 15775359 29805451 29805451 87825720 81721511 2507858 3591823 4809894 5506216 1962790 0 1999999 0 11280541 9098039 X 34319563 31306605 42225616 41316867 76545179 72623472 87825720 81721511 X -5043886 -1990845 3113024 X 0 1 X 1 0 X 8761167 10409125 10481436 22809383 12222879 64683990 17139693 18767171 2218002 7216267 21515632 66856765 25900860 29176296 12699438 30025650 33738511 131540755 4775934 3779321 4817256 5765591 3963646 23101748 0 4775934 3779321 4817256 5765591 3963646 23101748 108439007 192805 412452 300294 209694 666927 1782172 192805 412452 300294 209694 666927 1782172 733329 685401 76629 290841 754466 2540666 26826994 30274149 13076361 30526185 35159904 135863593 0.79810 0.78080 0.01310 0.01090 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 733,329. 2019 AMOUNT: $ 685,401. 2020 AMOUNT: $ 76,629. 2021 AMOUNT: $ 290,841. 2022 AMOUNT: $ 754,466. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: UNUSUAL GRANT DATE: 12/31/19 AMOUNT: 69955451. DESCRIPTION: UNUSUAL GRANT DATE: 12/31/20 AMOUNT: 3500000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 794795 1910 -111027 23000 2968 659710 768433 47777 20000 1415 794795 835282 65110 131959 768433 705094 130188 835282 641228 100500 -36634 705094 0.42753 0.57247 0.00000 1 1 1 1750000 1750000 5595100 3604218 1990882 34866524 21203157 13663367 7227896 5824570 1403326 18807575 INVESTMENT IN LIMITED PARTNERSHIP 28955451 CHARITABLE REMAINDER TRUST 850000 29805451 X 30218399 -1990845 354585 -785921 -2422181 32640580 79894 1499197 1579091 34219671 40138621 354585 2099570 2454155 37684466 79894 1499197 1579091 39263557 PART V, LINE 4: THE ORGANIZATION CONTINUES RAISING FUNDS DIRECTLY FOR THE ENDOWMENT WITH THE INTENT THAT A 5% ANNUAL DRAW WILL COVER THE STRUCTURAL DEFICIT BETWEEN EARNED/CONTRIBUTED REVENUE AND EXPENSE NEEDED TO FULFILL ITS MISSION. PART X, LINE 2: THE OLD GLOBE AND THE TRUST ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE OLD GLOBE MAY BE SUBJECT TO FEDERAL OR STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. FOR EACH OF THE YEARS ENDED DECEMBER 31, 2022 AND 2021, NO PROVISION FOR SUCH TAXES IS REQUIRED. THE OLD GLOBE HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2022 AND 2021. THE OLD GLOBE AND THE TRUST FILE EXEMPT ORGANIZATION RETURNS IN THE UNITED STATES FEDERAL JURISDICTION AND WITH THE FRANCHISE TAX BOARD IN THE STATE OF CALIFORNIA. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 398,151. CONSOLIDATED ENDOWMENT REVENUE -4,903,579. RENTAL EXPENSE RECLASS 73,374. SPECIAL EVENTS EXPENSE 533,109. EMPLOYEE RETENTION CREDIT 3,113,024. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ENDOWMENT EXPENSES 1,094,936. CONSOLIDATED ELIMINATION ENTRY 404,261. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 398,151. CONSOLIDATED ENDOWMENT EXPENSES 1,094,936. RENTAL EXPENSE RECLASS 73,374. SPECIAL EVENTS EXPENSE 533,109. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ENDOWMENT EXPENSES 1,094,936. CONSOLIDATED ELIMINATION ENTRY 404,261. X X X X 1 BENNETT DIRECT INC PO BOX 0015 MILWAUKEE WI 53201 TELEPHONE DONATION SOLICITING 0 133363 56396 76967 LAMARCA HEINRICH STRATEGIC CONSULTING LLC 1441 HAWTHORNE TERRACE BERKELEY CA 94708 CAPITAL CAMPAIGN FEASIBILITY STUDY 0 0 114514 -114514 MARTS & LUNDY 160 CHUBB AVE SUITE 303 LYNDHURST NJ 07071 CAPITAL CAMPAIGN FEASIBILITY STUDY 0 0 19500 -19500 133363 190410 -57047 CA GALA 1082576 1029076 53500 533109 1082576 1029076 53500 533109 533109 -479609 1 OLD GLOBE ENDOWMENT TRUST PO BOX 122171 SAN DIEGO CA 921122171 336125358 501(C)(3) 404261 0 GRANT TO SUPPORTING ORGANIZATION TO HOLD AS ENDOWMENT 1 UNIVERSITY OF SAN DIEGO, MASTERS OF ARTS PROGRAM 21 169000 FAIR MARKET VALUE N/A PART I, LINE 2: GRANTS/STIPENDS ARE GIVEN TO GRADUATE STUDENTS IN AN MFA PROGRAM RUN JOINTLY BY THE UNIVERSITY OF SAN DIEGO AND OLD GLOBE THEATRE. THE STIPENDS' PURPOSE FOR MFA STUDENTS IS TO COVER A PORTION OF MONTHLY LIVING EXPENSES OVER A TWO YEAR COURSE. PART I, LINE 2: GRANTS ARE PAID TO THE OLD GLOBE ENDOWMENT TRUST, WHICH IS A SUPPORTING ORGANIZATION OF THE OLD GLOBE THEATRE, TO HOLD AS ENDOWMENT AND ARE APPROVED BY THE BOARD OF DIRECTORS AND MONITORIED BY THE OLD GLOBE THEATRE. X X X 0 1 0 0 0 0 0 1 0 TIM SHIELDS MANAGING DIRECTOR 396329 0 100000 0 0 0 129200 0 21028 0 646557 0 0 0 BARRY EDELSTEIN ARTISTIC DIRECTOR 385434 0 100000 0 0 0 129200 0 17011 0 631645 0 0 0 LLEWELLYN CRAIN DIRECTOR OF PHILANTHROPY 207355 0 0 0 0 0 6626 0 17011 0 230992 0 0 0 DAVID HENSON DIRECTOR OF MARKETING 190764 0 0 0 0 0 5723 0 0 0 196487 0 0 0 MICHELLE YEAGER DIRECTOR OF FINANCE 180883 0 0 0 0 0 5469 0 9389 0 195741 0 0 0 ROBERT DRAKE SENIOR PRODUCER 153270 0 0 0 0 0 4693 0 9638 0 167601 0 0 0 RYAN OSBORN MASTER ELECTRICIAN 118903 0 0 0 0 0 21420 0 14378 0 154701 0 0 0 PART I, LINE 4B BARRY EDELSTEIN, AN OFFICER, PARTICIPATED IN A 457(F) PLAN. FOR 2022, THERE WERE CONTRIBUTIONS MADE OF $100,000 AND NO DISTRIBUTIONS. TIMOTHY SHIELDS, AN OFFICER, PARTICIPATED IN A 457(F) PLAN. FOR 2022, THERE WERE CONTRIBUTIONS MADE OF $100,000 AND NO DISTRIBUTIONS. PART I, LINE 7 NONDISCRETIONARY BONUS PAYMENTS WERE PAID BASED ON PERSONS MEETING GOALS SET BY AND APPROVED BY BOARD OF DIRECTORS. X 25 340122 FMV X FOOD AND BEVERAGE 5 70883 COST 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B), THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP, WHICH DOES NOT ELECT MEMBERS OF THE GOVERNING BODY. SIGNIFICANT DECISIONS ARE MADE BY THE BOARD. NO ONE RECEIVES A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP WHO HAVE THE RIGHT TO ELECT OFFICERS AS PROPOSED TO THEM BY THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B DIRECTOR OF FINANCE (CORPORATE OFFICER) AND TAX PREPARER COMPLETE 990, WHICH IS REVIEWED BY THE MANAGING DIRECTOR. AFTER MANAGEMENT'S APPROVAL OF THE 990, EACH MEMBER OF THE BOARD OF DIRECTORS IS PROVIDED ACCESS TO THE PUBLIC DISCLOSURE COPY OF THE 990 PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND PRINCIPAL OFFICER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE OLD GLOBE IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF A CONFLICT ARISES, THAT BOARD MEMBER CAN NOT VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE CONTRACTS FOR THE ARTISTIC AND MANAGING DIRECTORS ARE NEGOTIATED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THEIR PROCESS INCLUDES A PERSONNEL APPRAISAL, CONSIDERATION OF THE THEATRE COMMUNICATIONS GROUP SALARY SURVEY AS WELL AS PEER DISCUSSION WITH BOARDS OF OTHER MAJOR PERFORMING ARTS INSTITUTIONS. THE MOST RECENT CONTRACT FOR THE MANAGING DIRECTOR COVERS 1/1/21-12/31/25. THE MOST RECENT CONTRACT FOR THE ARTISTIC DIRECTOR COVERS 1/1/21-12/31/25. A WRITTEN SUBSTANTIATION IS HELD IN THE FILES OF THE ORGANIZATION'S INDEPENDENT ATTORNEY. THE SALARY OF THE DIRECTOR OF FINANCE IS APPROVED BY THE EXECUTIVE COMMITTEE. THE MANAGING DIRECTOR USES THE ORGANIZATION'S FORMAL APPRAISAL PROCESS, ON-GOING EVALUATIONS, AND COMPARABILITY INFORMATION FROM THE ANNUAL THEATRE COMMUNICATIONS GROUP SALARY SURVEY FOR EACH CORPORATE OFFICER AND/OR KEY EMPLOYEE. POSITIONS INCLUDE GENERAL MANAGER, SENIOR PRODUCER, DIRECTOR OF ARTS ENGAGEMENT, DIRECTOR OF PHILANTHROPY, DIRECTOR OF HUMAN RESOURCES, DIRECTOR OF MARKETING AND COMMUNICATIONS, AND DIRECTOR OF FINANCE. THIS ANNUAL PROCESS HAS BEEN IN PLACE SINCE YEAR-BEGINNING 2004. CONTEMPORANEOUS SUBSTANTIATION IS A FINAL NEW SALARIES DOCUMENT WHICH IS SIGNED BY THE MANAGING DIRECTOR AND DIRECTOR OF HUMAN RESOURCES, THEN FORWARDED TO HUMAN RESOURCES AND PAYROLL FOR IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EMPLOYEE RETENTION TAX CREDIT - PY ADJUSTMENT 3,113,024. FORM 990, OTHER INFORMATION: THE ORGANIZATION RECORDED $3,133,024 OF REVENUE RELATED TO THE EMPLOYEE RETENTION TAX CREDIT FOR THE TAX YEAR ENDED DECEMBER 31, 2022. THE ENTIRE AMOUNT RELATED TO 2021 AND REPORTED AS A CHANGE IN NET ASSETS PRIOR PERIOD ADJUSTMENT ON FORM 990 PART XI. OLD GLOBE ENDOWMENT TRUST PO BOX 122171 SAN DIEGO CA 921122171 336125358 SUPPORTING THE OLD GLOBE THEATRE'S PROGRAMS CA 501(C)(3) 12A N/A 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 OLD GLOBE ENDOWMENT TRUST B 404261 CASH OLD GLOBE ENDOWMENT TRUST C 857418 CASH