2022-05-13T11:56:05-05:00 2021-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2020-07-01 222659560 HUNTINGTON THEATRE CO INC HUNT 6172667900 560 HARRISON AVENUE NO 504 BOSTON MA 02118 MICHAEL MASO MANAGING DIRECTOR 6172667900 2022-05-10 1 MICHAEL MASO XXX-XX-XXXX DAVID KELLEHER CPA P01059560 5083669100 2022-05-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL MASO 560 HARRISON AVENUE NO 504 BOSTON MA 02118 29693246 0 X WWW.HUNTINGTONTHEATRE.ORG X 1985 MA PROFESSIONAL THEATRE COMPANY 35 35 302 36 0 0 15210790 11198349 6509959 373916 741871 1626495 -105726 1301717 22356894 14500477 0 0 0 0 9293599 4909960 2790 0 1961715 7989867 4925748 17286256 9835708 5070638 4664769 74437513 85399357 7150753 13592343 67286760 71807014 X SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENTMISSION STATEMENT: THE HUNTINGTON THEATRE COMPANY ENGAGES, INSPIRES, ENTERTAINS AND CHALLENGES AUDIENCES WITH THEATRICAL PRODUCTIONS THAT RANGE FROM THE CLASSICS TO NEW WORKS; WE TRAIN AND SUPPORT THE NEXT GENERATION OF THEATRE ARTISTS; WE PROVIDE ARTS EDUCATION PROGRAMS THAT PROMOTE LIFE-LONG LEARNING TO A DIVERSE COMMUNITY; AND WE CELEBRATE THE ESSENTIAL POWER OF THE THEATRE TO ILLUMINATE OUR COMMON HUMANITY. 0 0 5059153 1791816 SEE SCHEDULE O FOR PROGRAM DESCRIPTIONS. 5059153 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 101 0 1 302 1 0 0 0 0 0 0 0 0 0 0 0 0 X 35 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X WAYNE PROCOPE 6172731527 560 HARRISON AVENUE SUITE 504 BOSTON MA 02118 MICHAEL MASO MANAGING DIRECTOR 40.00 X 334821 0 83705 PETER DUBOIS ARTISTIC DIRECTOR 40.00 X 298993 0 74748 ELISABETH SAXE CHIEF DEVELOPMENT OFFICER 40.00 X 248868 0 62217 SONDRA KATZ GENERAL MANAGER 40.00 X 159250 0 39813 ANN RIPPEY DIRECTOR OF MARKETING 40.00 X 147996 0 36999 SCOTT POOLE IT DIRECTOR 40.00 X 125927 0 31482 JESSICA MORRISON DIRECTOR OF DEVELOPMENT 40.00 X 112286 0 28071 SHARON MALT PRESIDENT 1.50 X X 0 0 0 DAVID REPSTEIN CHAIRMAN 1.50 X X 0 0 0 CAROL B LANGER TREASURER 1.50 X X 0 0 0 SHERRYL COHEN CLERK 1.50 X X 0 0 0 WENDELL TAYLOR TRUSTEE 1.50 X 0 0 0 CAROLE ALKINS TRUSTEE 1.50 X 0 0 0 DAVID ALTSHULER TRUSTEE 1.50 X 0 0 0 NEAL BALKOWITSCH TRUSTEE 1.50 X 0 0 0 JOHN CINI TRUSTEE 1.50 X 0 0 0 GERARD H COHEN TRUSTEE 1.50 X 0 0 0 JOHN COHEN TRUSTEE 1.50 X 0 0 0 CAROL DEANE TRUSTEE 1.50 X 0 0 0 BETSY BANKS EPSTEIN TRUSTEE 1.50 X 0 0 0 WILLIAM FINARD TRUSTEE 1.50 X 0 0 0 DAVID FIRESTONE TRUSTEE 1.50 X 0 0 0 JOHN FRISHKOPF TRUSTEE 1.50 X 0 0 0 ARTHUR C HODGES TRUSTEE 1.50 X 0 0 0 FREDERICK JAMIESON TRUSTEE 1.50 X 0 0 0 DAVID LEATHERS TRUSTEE 1.50 X 0 0 0 WILLIAM P MCQUILLAN TRUSTEE 1.50 X 0 0 0 ANN MERRIFIELD TRUSTEE 1.50 X 0 0 0 SANDRA MOOSE TRUSTEE 1.50 X 0 0 0 ANNE MORGAN TRUSTEE 1.50 X 0 0 0 MITCHELL ROBERTS TRUSTEE 1.50 X 0 0 0 JOHN D SPOONER TRUSTEE 1.50 X 0 0 0 LINDA THOMAS TRUSTEE 1.50 X 0 0 0 LINDA WAINTRUP TRUSTEE 1.50 X 0 0 0 J DAVID WIMBERLY TRUSTEE 1.50 X 0 0 0 MARY WOLFSON TRUSTEE 1.50 X 0 0 0 ANN T HALL TRUSTEE 1.50 X 0 0 0 RUMENA MANOLOVA-SENCHAK TRUSTEE 1.50 X 0 0 0 SLOCUMB COKIE H PERRY TRUSTEE 1.50 X 0 0 0 KATE TAYLOR TRUSTEE 1.50 X 0 0 0 BILLY PORTER TRUSTEE 1.50 X 0 0 0 DAVID R PEELER TRUSTEE 1.50 X 0 0 0 JIM DILLON TRUSTEE (UNTIL 10/13/20) 1.50 X 0 0 0 BRYAN RAFANELLI TRUSTEE (UNTIL 10/13/20) 1.50 X 0 0 0 SHELLY KAROL TRUSTEE (UNTIL 10/13/20) 1.50 X 0 0 0 NADA KANE TRUSTEE (UNTIL 10/13/20) 1.50 X 0 0 0 1428141 0 357035 9 0 1 0 0 1083578 1782097 8332674 7000 11198349 SHOPS AND RENTALS 711110 357063 357063 TICKETS 711110 14734 14734 ROYALTIES 900099 1913 1913 CONCESSIONS 711110 206 206 373916 368721 368721 16334360 15076586 1257774 1257774 1257774 0 1083578 116183 -116183 -116183 DEVELOPER FEE 900099 1417900 1417900 1417900 14500477 1791816 0 1510312 646009 315536 330473 2889408 1343932 1018279 527197 99846 27252 63791 8803 970701 179314 715367 76020 303996 142457 114618 46921 35079 35079 52187 52187 48750 48750 564972 275136 281622 8214 45032 27730 17302 92708 58660 11520 22528 256809 256809 400 400 1617289 1124766 492523 185125 17835 4810 162480 7050 1413 5170 467 2068 209 1859 868495 820921 31039 16535 99435 99435 CAPITAL CAMPAIGN EXPENS 849289 849289 MATERIALS 123357 59062 28906 35389 ADDITION TO THE ALLOWAN 77703 1107 26521 50075 GENERAL AND ADMINISTRAT 0 663423 -821220 157797 9835708 5059153 2814840 1961715 10021235 12026140 1177100 1270907 9378715 5187927 661797 47403 475082 431853 41621585 15449254 26647756 26172331 22267500 31579637 5244400 3808328 3438759 74437513 85399357 1817971 2144282 1902362 2309747 3053323 8376894 377097 761420 7150753 13592343 X 34733752 33399970 32553008 38407044 67286760 71807014 74437513 85399357 X 4664769 5708311 -5852826 X X 0 1 X 1 0 X 5138400 29213069 17075210 15210790 11198349 77835818 5138400 29213069 17075210 15210790 11198349 77835818 7139039 70696779 317970 782292 444382 483793 368721 2397158 200697 199215 399912 80632888 30963648 0.87680 0.70710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25012650 7286056 1260046 31038660 25241135 980475 -1208960 25012650 25364080 1193847 -1316792 25241135 24341714 2054962 -1032596 25364080 22987641 2665789 -44716 24341714 0.57130 0.42870 0 0 3590600 3590600 25657717 10252205 15405512 7051662 3279048 3772614 5321606 1918001 3403605 26172331 NOTE RECEIVABLE 5244400 C 5244400 CONDITIONAL GRANT 761420 761420 X PART V, LINE 4: THE HUNTINGTON HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT AIM TO SAFEGUARD THE PURCHASING POWER OF THE ENDOWMENT PRINCIPAL, GENERATE AN ONGOING REVENUE SOURCE AND TO PROVIDE FOR GROWTH OF THE INVESTMENT PRINCIPAL IN ACCORDANCE WITH UPMIFA. THE INVESTMENTS ARE TO BE SPLIT BETWEEN EQUITY AND FIXED INCOME INVESTMENTS TO ACCOMPLISH THESE GOALS. UNDER THIS POLICY, THE ENDOWMENT ASSETS ARE INVESTED TO PROVIDE A COMPETITIVE TOTAL RATE OF RETURN COMMENSURATE WITH PRUDENT DIVERSIFICATION AND MODERATE RISK. RISK AND DIVERSIFICATION PARAMETERS HAVE BEEN ESTABLISHED AND THE ENDOWMENT IS MAINTAINED AND REBALANCED, IF NECESSARY, ACCORDING TO THE HUNTINGTON'S INVESTMENT POLICY. THE HUNTINGTON RELIES ON A TOTAL RATE OF RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT INCOME (INTEREST AND DIVIDENDS). WHILE IT IS UNDERSTOOD THAT THE ENDOWMENT ASSETS ARE TO BE MANAGED WITH A LONG-TERM FOCUS, THE HUNTINGTON MONITORS INVESTMENT PERFORMANCE AGAINST APPLICABLE BENCHMARKS QUARTERLY. PART X, LINE 2: THE HUNTINGTON ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE HUNTINGTON HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2021. THE HUNTINGTON'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. SPOTLIGHT SPECTACULAR 1083578 1083578 21692 8800 85691 1083578 1083578 21692 8800 85691 116183 -116183 X X X 0 0 0 0 0 0 0 0 0 MICHAEL MASO MANAGING DIRECTOR 334821 0 0 0 0 0 0 0 83705 0 418526 0 0 0 PETER DUBOIS ARTISTIC DIRECTOR 298993 0 0 0 0 0 0 0 74748 0 373741 0 0 0 ELISABETH SAXE CHIEF DEVELOPMENT OFFICER 248868 0 0 0 0 0 0 0 62217 0 311085 0 0 0 SONDRA KATZ GENERAL MANAGER 159250 0 0 0 0 0 0 0 39813 0 199063 0 0 0 ANN RIPPEY DIRECTOR OF MARKETING 147996 0 0 0 0 0 0 0 36999 0 184995 0 0 0 SCOTT POOLE IT DIRECTOR 125927 0 0 0 0 0 0 0 31482 0 157409 0 0 0 FORM 990, PART III, LINE 4A, PROGRAM DESCRIPTIONS: THE HUNTINGTON THEATRE COMPANY IS BOSTON'S LEADING PROFESSIONAL THEATRE AND ONE OF THE REGION'S PREMIER CULTURAL ASSETS. SINCE ITS FOUNDING IN 1982, THE HUNTINGTON HAS RECEIVED OVER 150 ELLIOT NORTON AND INDEPENDENT REVIEWERS OF NEW ENGLAND AWARDS, AS WELL AS THE TONY AWARD FOR OUTSTANDING REGIONAL THEATRE. IN THE PAST 37 YEARS, THE HUNTINGTON HAS PLAYED TO AN AUDIENCE OF 3.5 MILLION, PRESENTED OVER 200 PLAYS (18 OF WHICH WENT ON TO BROADWAY OR OFF BROADWAY), AND SERVED OVER 500,000 STUDENTS, COMMUNITY MEMBERS, AND OTHER CULTURAL ORGANIZATIONS. UNDER THE DIRECTION OF NORMA JEAN CALDERWOOD ARTISTIC DIRECTOR PETER DUBOIS AND MANAGING DIRECTOR MICHAEL MASO, THE HUNTINGTON BRINGS TOGETHER WORLD-CLASS THEATRE ARTISTS FROM BOSTON, BROADWAY, AND BEYOND WITH THE MOST PROMISING NEW TALENT TO CREATE ECLECTIC SEASONS OF EXCITING NEW WORKS AND CLASSICS MADE CURRENT. A LONGSTANDING ANCHOR CULTURAL INSTITUTION OF HUNTINGTON AVENUE, THE AVENUE OF THE ARTS, THE HUNTINGTON NOW FULLY OWNS THE HUNTINGTON AVENUE THEATRE AND IS PLANNING A TRANSFORMATIONAL RENOVATION AND EXPANSION OF THE HISTORIC VENUE, ADDING FIRST-RATE, MODERN AMENITIES INCLUDING A NEW ENTRANCE AND EXPANSIVE LOBBY, AS WELL AS EXPANDING SERVICES TO AUDIENCES, ARTISTS, AND THE COMMUNITY. THE HUNTINGTON BUILT THE STANFORD CALDERWOOD PAVILION AT THE BOSTON CENTER FOR THE ARTS (BCA) IN 2004 AS A HOME FOR ITS NEW WORK ACTIVITIES AND TO PROVIDE A MUCH-NEEDED RESOURCE FOR THE LOCAL THEATRE COMMUNITY. AT THE CALDERWOOD PAVILION, THE HUNTINGTON PROVIDES FIRST-CLASS FACILITIES AND AUDIENCE SERVICES AT SIGNIFICANTLY SUBSIDIZED RATES TO DOZENS OF ORGANIZATIONS EACH YEAR, INCLUDING SOME OF BOSTON'S MOST EXCITING SMALL AND MID-SIZED THEATRE COMPANIES. THE HUNTINGTON SERVES 200,000 AUDIENCE MEMBERS EACH YEAR AT THE HUNTINGTON AVENUE THEATRE AND THE CALDERWOOD PAVILION AT THE BCA. THROUGH A DIVERSE AND IMPACTFUL RANGE OF NATIONALLY-RENOWNED EDUCATION AND COMMUNITY PROGRAMS, THE HUNTINGTON ENGAGES 36,000 YOUNG PEOPLE AND ADULTS IN UNDERSERVED NEIGHBORHOODS EACH YEAR. THESE PROGRAMS INCLUDE THE POETRY OUT LOUD NATIONAL RECITATION CONTEST, THE AUGUST WILSON MONOLOGUE COMPETITION, THE HUNTINGTON COMMUNITY MEMBERSHIP INITIATIVE, A YOUTH PLAYWRITING PROGRAM CALLED EPIC, AND THE STUDENT MATINEE SERIES. THE HUNTINGTON IS A FOUNDING PARTNER OF CODMAN ACADEMY CHARTER PUBLIC SCHOOL AND HAS COLLABORATED WITH CODMAN FOR 18 YEARS TO CREATE AND TEACH ITS INNOVATIVE, INTERDISCIPLINARY HUMANITIES CURRICULUM AND RUN THE CODMAN SUMMER THEATRE INSTITUTE. A NATIONAL LEADER IN THE DEVELOPMENT OF NEW PLAYS, THE HUNTINGTON HAS PRODUCED MORE THAN 120 WORLD, AMERICAN, AND NEW ENGLAND PREMIERES TO DATE. THROUGH THE HUNTINGTON PLAYWRITING FELLOWS PROGRAM, THE CORNERSTONE OF ITS NEW WORK ACTIVITIES, THE HUNTINGTON SUPPORTS LOCAL WRITERS THROUGH TWO-YEAR FELLOWSHIPS, AND IS ALSO PROUD TO SERVE AS A HOME FOR PLAYWRIGHT-IN-RESIDENCE MELINDA LOPEZ. THE HUNTINGTON CULTIVATES, CELEBRATES, AND CHAMPIONS THEATRE AS AN ART FORM AND IS COMMITTED TO MENTORING LOCAL PLAYWRIGHTS, EDUCATING YOUNG PEOPLE IN THEATRE, AND SERVING AS A CATALYST FOR THE GROWTH OF DOZENS OF BOSTON'S EMERGING PERFORMING ARTS ORGANIZATIONS. THE COVID-19 PANDEMIC CREATED A PROFOUND AND UNEXPECTED CHALLENGE FOR THE HUNTINGTON'S OPERATIONS AND FUTURE. WITH A SUDDEN REQUIREMENT IN MID-MARCH TO CLOSE THE PERFORMING VENUES AND HALT THE REMAINDER OF THE FISCAL YEAR 2020 SEASON, CANCELLING SEVERAL MONTHS OF PERFORMANCES AND THE INCOMING REVENUE STREAM AND RELATED EXPENSES THAT THOSE PERFORMANCES WOULD HAVE BROUGHT. THE HUNTINGTON RESPONDED TO THE CHALLENGE, DETERMINING HOW TO MANAGE THE FINANCIAL IMPACT OF LOST REVENUE WHILE SUPPORTING ITS STAFF AND RESOURCES, PROVIDING EXCELLENT CUSTOMER SERVICE BY APPEALING FOR TICKET DONATIONS, RALLYING THE HUNTINGTON'S KEY STAKEHOLDERS FOR ADDITIONAL CONTRIBUTIONS, SECURING EMERGENCY SUPPORT THROUGH VARIOUS FEDERAL AND STATE RELIEF PROGRAMS, AND DEVELOPING A DIGITAL STRATEGY TO ALLOW THE HUNTINGTON TO STAY CONNECTED WITH AUDIENCES, DONORS AND ARTISTS. WHILE ITS VENUES ARE STILL DARK IN FISCAL YEAR 2021, THE HUNTINGTON HAS MAINTAINED ITS FINANCIAL VIABILITY WITH THE SUPPORT OF ITS PATRONS AND DONORS IN ADDITION TO THE REMAINDER OF THE PPP GRANT. PLANNING CONTINUES FOR A NEW SEASON IN FISCAL YEAR 2022, COMPLETING COMMITMENTS MADE FOR PRODUCTIONS THAT WERE CANCELLED AS WELL AS DEVELOPING NEW PRODUCTIONS AND MANAGING THE RENOVATION PROCESS FOR THE HAT THAT WILL IMPROVE THE ENVIRONMENT FOR THEATRE PATRONS AND THEATRE MAKERS FOR MANY YEARS TO COME. FORM 990, PART VI, SECTION A, LINE 2 THERE ARE TWO FAMILY RELATIONSHIPS ON THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES INCLUDES TWO MARRIED COUPLES: GERARD AND SHERRYL COHEN, DAVID AND BETSY EPSTEIN. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT IS RESPONSIBLE FOR THE PREPARATION OF THE FORM 990 WORKING WITH THE OUTSIDE AUDITORS AND THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT PRIOR TO POSTING FOR BOARD REVIEW. THE AUDIT COMMITTEE IS CHARGED WITH REVIEWING THE FORM 990 IN DETAIL AFTER COMPLETION BY MANAGEMENT. THE COMPLETED FORM 990 IS POSTED ON A SECURE PORTION OF THE ORGANIZATION'S INTRANET FOR REVIEW AND SUBMISSION OF COMMENTS OR QUESTIONS BY A DATE PRIOR TO THE SUBMISSION OF THE FORM 990 TO THE IRS. THE SUBMITTED COMMENTS AND QUESTIONS ARE ADDRESSED PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE DEVELOPMENT STAFF SEND OUT THE FORMS TO THE FULL BOARD ANNUALLY, COLLECT AND REVIEW THE COMPLETED FORMS AND FOLLOW UP WITH ANY BOARD MEMBERS WHO HAVE NOT SUBMITTED THE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE SALARIES OF THE MANAGING DIRECTOR AND ARTISTIC DIRECTOR AT THE RENEWAL DATES OF THEIR CONTRACTS AND COMPARES THE SALARIES WITH VARIOUS INDUSTRY REPORTS TO DETERMINE COMPARABILITY IN THE MARKET. THE SALARIES OF OTHER KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE MANAGING DIRECTOR ALONG WITH THE SALARIES OF ALL EMPLOYEES IN THE PROCESS OF SETTING THE BUDGET AND IN RELATION TO INDUSTRY-WIDE SALARY REPORTING. FORM 990, PART VI, SECTION C, LINE 19 ANY DOCUMENTS THAT ARE REQUIRED TO BE AVAILABLE TO THE PUBLIC CAN BE OBTAINED UPON REQUEST AND ALSO THROUGH VARIOUS THIRD PARTY WEBSITES. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTION TO HUNTINGTON MM, LLC -5,852,826. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE HAS OVERSIGHT OF THE AUDIT REVIEW PROCESS. THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. HUNTINGTON REALTY LLC 560 HARRISON AVENUE SUITE 504 BOSTON MA 02118 854352055 OPERATE HUNTINGTON AVENUE THEATRE MA HUNTINGTON MM LLC N/A 0 0 HUNTINGTON MASTER TENANT LLC 560 HARRISON AVENUE SUITE 504 BOSTON MA 02118 854333754 LEASE HUNTINGTON AVENUE THEATRE MA N/A N/A 0 0 HUNTINGTON MM LLC 560 HARRISON AVENUE SUITE 504 BOSTON MA 02118 854363357 OWN AND OPERATE REAL ESTATE MA HUNTINGTON THEATRE CO INC C 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HUNTINGTON MM LLC B 5852826 FMV