2022-07-05T14:15:46-05:00 2021-08-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2020-09-01 510149370 STEPPENWOLF THEATRE COMPANY STEP 3126545642 1700 N HALSTED STREET CHICAGO IL 60614 CAROLE L BROWN TRUSTEE 3126545642 2022-07-01 1 CAROLE BROWN 999009999 LU ANN TRAPP P01506476 3122071040 2022-06-30 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ERIC LEFKOFSKY 1700 N HALSTED STREET CHICAGO IL 60614 35962835 0 X WWW.STEPPENWOLF.ORG X 1975 IL PROVIDE THEATRICAL LEARNING OPPORTUNITIES FOR AUDIENCES THAT SPUR CIVIC CONVERSATION. 43 40 323 38 3320 0 7822318 9041423 4206044 161122 1821803 1141189 320457 27066 14170622 10370800 0 0 0 0 9967014 5690106 144939 63000 2857991 7448917 5241269 17560870 10994375 -3390248 -623575 120941523 121972303 67507442 66818074 53434081 55154229 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 1 5286659 0 148052 THE ONGOING COVID-19 PANDEMIC CONTINUED TO PRESENT AN EVER-CHANGING LANDSCAPE AND UNIQUE SET OF CHALLENGES FOR STEPPENWOLF IN FISCAL 2020/21. TO ENSURE THAT THE THEATRE REMAINS CONNECTED WITH OUR AUDIENCES NO MATTER THE CIRCUMSTANCES, STEPPENWOLF INITIATED SEVERAL PRECAUTIONS AND PROGRAMS TO ALLOW FOR MAXIMUM FLEXIBILITY FOR AND ENGAGEMENT WITH OUR AUDIENCES. IN THE 2020/21 FISCAL YEAR, OUR VIRTUAL PROGRAMMING STREAM, STEPPENWOLF NOW, REACHED NEARLY 8,000 PATRONS REPRESENTING 600 CITIES, ALL 50 STATES, AND 20 COUNTRIES. LAUNCHED IN APRIL 2020, HALF HOUR, STEPPENWOLF'S INTERVIEW-STYLE PODCAST HOSTED BY ENSEMBLE MEMBERS, REACHED 23,906 DOWNLOADS FROM AROUND THE WORLD. WHILE OUR STEPPENWOLF EDUCATION PROGRAMMING TRADITIONALLY REACHES 20,000 TEENS, EDUCATORS, EARLY-CAREER PROFESSIONALS, AND COMMUNITY MEMBERS ANNUALLY, THE 2020/21 SEASON SAW AN EXPLOSION OF VIRTUAL ENGAGEMENT, REACHING OVER 45,000 THROUGH OUR STEPPENWOLF FOR YOUNG ADULTS (SYA) SEASON. 5286659 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 1 156 0 1 323 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 43 40 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 40.00 1.00 X X 315683 0 0 BROOKE FLANAGAN EXECUTIVE DIRECTOR (STARTING 07/20) 40.00 1.00 X X 123577 0 0 KAREN RODRIGUEZ TRUSTEE 5.00 0.00 X 20739 0 0 YASEN PEYANKOV TRUSTEE 5.00 0.00 X 8900 0 0 GLENN DAVIS TRUSTEE 5.00 0.00 X 4997 0 0 ERIC LEFKOFSKY CHAIR 5.00 0.00 X X 0 0 0 KEATING CROWN VICE CHAIR 5.00 0.00 X X 0 0 0 STEPHANIE B SMITH VICE CHAIR 5.00 0.00 X X 0 0 0 DEBORAH H QUAZZO SECRETARY 5.00 0.00 X X 0 0 0 PAUL W GOODRICH TREASURER 5.00 0.00 X X 0 0 0 MICHAEL W BENDER TRUSTEE 5.00 0.00 X 0 0 0 SUSAN O BERGHOEF TRUSTEE 5.00 0.00 X 0 0 0 MEREDITH BLUHM-WOLF TRUSTEE 5.00 0.00 X 0 0 0 AMY BLUHM TRUSTEE 5.00 0.00 X 0 0 0 BETH BOOSALIS DAVIS TRUSTEE 5.00 0.00 X 0 0 0 MARLENE BRESLOW-BLITSTEIN TRUSTEE 5.00 0.00 X 0 0 0 CAROLE L BROWN 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 DENNIS CHOOKASZIAN TRUSTEE 5.00 0.00 X 0 0 0 NORA DALEY TRUSTEE 5.00 0.00 X 0 0 0 AMY ESHLEMAN TRUSTEE 5.00 0.00 X 0 0 0 RICH FEITLER TRUSTEE 5.00 0.00 X 0 0 0 D CAMERON FINDLAY TRUSTEE 5.00 0.00 X 0 0 0 ROBERT J GREENEBAUM JR TRUSTEE 5.00 0.00 X 0 0 0 JON MICHAEL HILL TRUSTEE 5.00 0.00 X 0 0 0 DENNIS D HOWARTER TRUSTEE 5.00 0.00 X 0 0 0 REBECCA JOHNSTON TRUSTEE 5.00 0.00 X 0 0 0 LYNN LOCKWOOD MURPHY TRUSTEE 5.00 0.00 X 0 0 0 RONALD J MALLICOAT JR TRUSTEE 5.00 0.00 X 0 0 0 TARELL ALVIN MCCRANEY TRUSTEE 5.00 0.00 X 0 0 0 DAVID E MENDELSOHN TRUSTEE 5.00 0.00 X 0 0 0 CHRISTOPHER M MURPHY TRUSTEE 5.00 0.00 X 0 0 0 ANNE M PHILLIPS TRUSTEE 5.00 0.00 X 0 0 0 ROBERT S RIVKIN TRUSTEE 5.00 0.00 X 0 0 0 CARI B SACKS TRUSTEE 5.00 0.00 X 0 0 0 BRUCE SAGAN TRUSTEE 5.00 0.00 X 0 0 0 ROBERT SANBORN TRUSTEE 5.00 0.00 X 0 0 0 MATTHEW SHAPIRO TRUSTEE 5.00 0.00 X 0 0 0 COLETTE CACHEY SMITHBURG TRUSTEE 5.00 0.00 X 0 0 0 ELLIOT A STULTZ TRUSTEE 5.00 0.00 X 0 0 0 BRYAN TRAUBERT TRUSTEE 5.00 0.00 X 0 0 0 HELEN ZELL TRUSTEE 5.00 0.00 X 0 0 0 LESLIE MASTROIANNI DIRECTOR OF DEVELOPMENT 40.00 0.00 X 167419 0 23799 MERCEDES ROHLFS CAMPAIGN DIRECTOR 40.00 0.00 X 117372 0 20685 DAVID SCHMITZ EXECUTIVE DIRECTOR (THRU 7/20) 40.00 1.00 X 192830 0 23677 951517 0 68161 5 1 1 0 NORCON 661 N OHIO ST CHICAGO IL 60615 GENERAL CONTRACTOR 23670261 ADRIAN SMITH GORDON GILL 30 W MONROE SUITE 400 CHICAGO IL 60603 ARCHITECTURE 594597 MADISON REALTY 3 EAST 54TH ST STE 602 NEW YORK NY 10022 LEASING COMPANY 319305 CBRE GROUP INC PO BOX 848844 LOS ANGELES CA 90084 OWNER'S REPRESENTATIVE - CONSTRUCTION 222000 CHARCOAL BLUE LLC 150 WEST 28TH STREET NEW YORK NY 10001 ARCHITECTS 100528 9 280916 964337 7796170 347773 9041423 SUBSCRIPTION REVENUE 711110 156465 156465 COSTUME SALES/RENTALS 711110 3320 3320 TICKET HANDLING INCOME 711110 1337 1337 161122 485451 485451 268 268 55219 0 55219 55219 55219 25987679 231673 25563882 0 423797 231673 655470 655470 0 280916 18403 -18403 -18403 9750 -9750 -9750 10370800 148052 3320 1178005 916881 315683 316407 284791 3850659 2242875 805262 802522 110344 83348 13593 13403 478546 300328 101216 77002 333676 215801 70801 47074 23105 23105 72193 72193 63000 63000 68881 68881 321830 263716 58114 296010 295990 20 38132 11998 4903 21231 315993 110486 142372 63135 53750 53750 1015053 538813 413897 62343 96090 81101 1320 13669 2765 2765 1319037 147933 1171104 992146 699657 165594 126895 156151 76150 71360 8641 DESIGN AND PRODUCTION F 184498 184498 REPAIRS & MAINTENANCE 83576 25973 46594 11009 BANK FEES 71865 70013 1852 130194 50208 47800 32186 10994375 5286659 2849725 2857991 16234032 19504212 12838140 10943365 84054 770192 1002450 81088933 17666824 46857334 63422109 44157771 27100167 120941523 121972303 7127193 3432060 2086035 3327345 49173974 48983594 1724000 3448000 7396240 7627075 67507442 66818074 X 28210474 30011470 25223607 25142759 53434081 55154229 120941523 121972303 X -623575 2766417 -422694 X X 0 1 X 1 0 X 10606858 25237704 12959006 7822318 9041423 65667309 10606858 25237704 12959006 7822318 9041423 65667309 1506168 64161141 662275 1010723 1474292 1167003 540938 4855231 38975 38975 41909 41280 28485 5101 116775 70678290 29475340 0.90780 0.91180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16034426 2759791 613290 18180927 16494527 149454 609555 16034426 16926876 54400 -28749 458000 16494527 13596418 2706956 1024702 401200 16926876 12591449 25687 1636487 657205 13596418 0.22000 0.58000 0.20000 1 0 3807604 3807604 18029305 12137619 5891686 7725315 5529205 2196110 51526709 51526709 63422109 ANNUITIES PAYABLE CURRENT 56298 DUE TO AFFILIATE 4918306 LOAN PAYABLE 42794 FAIR VALUE OF INTEREST RATE SWAP 2571050 DEFERRED GAIN 38627 7627075 12699324 2766417 25529 -394541 2397405 10301919 68881 68881 10370800 11077108 25529 126085 151614 10925494 68881 68881 10994375 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 -422,694. COST OF GOODS SOLD 9,750. FUNDRAISING EXPENSES 18,403. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 9,750. CONSOLIDATED STATEMENTS - EXPENSES OF AFFILIATED ORGANIZATIONS 97,932. FUNDRAISING EXPENSES 18,403. X X X X X X X 1 HURLEY & ASSOCIATES 860 N LAKE SHORE DR 15L CHICAGO IL 60611 CONSULTING 0 0 63000 -63000 63000 -63000 IL GALA 28576 28576 495 WOMEN IN THE ARTS 235940 235940 14515 1 16400 16400 3393 280916 280916 18403 18403 -18403 SCHEDULE G, PART I, LINE 2B, COLUMN (V) CONSULTING ON FUNDRAISING BEST PRACTICES. THE CONSULTANT WERE NOT RESPONSIBLE FOR ANY DIRECT FUNDRAISING. X X 0 0 0 0 0 0 0 0 0 ANNA D SHAPIRO ARTISTIC DIRECTOR 315683 0 0 0 0 0 0 0 0 0 315683 0 0 0 DAVID SCHMITZ EXECUTIVE DIRECTOR (THRU 7/20) 192830 0 0 0 0 0 0 0 23677 0 216507 0 0 0 LESLIE MASTROIANNI DIRECTOR OF DEVELOPMENT 167419 0 0 0 0 0 0 0 23799 0 191218 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 3400000 16974044 265282 17098 2128394 1496732 2013 1 0 1 1 B 35953200 1870226 382817 51137 29323062 250294 4075664 2022 0 0 0 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 26 219273 CASH PROCEEDS X AIRFARE 1 128500 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 III, LINE 3 IN RESPONSE TO THE PANDEMIC DECLARATION ON MARCH 12, 2020, THE THEATRE CLOSED ITS FACILITIES TO THE PUBLIC TO COMPLY WITH STATE AND LOCAL HEALTH AND SAFETY STANDARDS. ALL IN-PERSON PROGRAMMING WAS TRUNCATED DURING FISCAL 2020/21. MANAGEMENT EVALUATED OPERATING STRUCTURES AND MADE THE STRATEGIC DECISION TO FULFILL ITS MISSION TO CONTINUE CONNECTING PEOPLE TO THE THEATRE ARTS WITH VIRTUAL PROGRAMMING FOR THE GENERAL PUBLIC AND THROUGH ITS EDUCATION PROGRAMS. MANY OF THESE OFFERINGS WERE AT LOW- OR NO-COST TO PATRONS AND THE PUBLIC. EARNED REVENUE FOR THE YEAR WAS COMPRISED LARGELY OF $156,000 IN ON-LINE SALES FOR VIRTUAL PRODUCTIONS. THESE PRODUCTIONS WERE A MIXTURE OF NEWLY FILMED PLAYS AND ARCHIVED PRODUCTIONS. WITH A FOCUS ON DIVERSITY IN OUR PRODUCTIONS, FOR THE 2020/21 SEASON, ALL VIRTUAL PRODUCTIONS WERE CREATED BY PLAYWRIGHTS WHO ARE BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC). ADDITIONALLY, 81% OF THE ACTORS IN THESE PRODUCTIONS IDENTIFIED AS BIPOC. THE LOSS CASH FLOWS FROM EARNED INCOME WAS OFFSET BY $3,389,000 IN FEDERAL AND STATE GOVERNMENT FUNDING THROUGH A SECOND PPP LOAN, A FIRST INSTALLMENT OF THE SHUTTERED VENUE OPERATORS' GRANT, AND A STATE OF ILLINOIS BUSINESS INTERRUPTION GRANT. DESPITE NOT HOLDING IN-PERSON FUNDRAISING ACTIVITIES, CONTINUED DONOR OUTREACH AND ENGAGEMENT LED TO FUNDRAISING LEVELS THAT REMAINED COMPARABLE FROM FISCAL 2019/20 TO 2020/21. OPERATING EXPENSES OF $11,077,000 IN 2020/21 REPRESENTED 55% OF PRE-PANDEMIC SPENDING LEVELS. THIS LEVEL WAS, HOWEVER, $6,765,000 OR 38% LOWER THAN IN FISCAL 2019/20. CONTINUED RESTRICTIONS ON PUBLIC GATHERING SIZE MADE IN-PERSON ENGAGEMENT ACTIVITIES FINANCIALLY UNFEASIBLE DURING THIS PANDEMIC. A REDUCTION IN STAFF LEVELS OF 61.3% THAT BEGAN IN FISCAL 2019/20 CONTINUED UNTIL SUMMER 2021. ADDITIONAL COST REDUCTION AND CASH PRESERVATION STRATEGIES CONTINUED IN 2020/21 WITH AN EYE FOR RETURNING TO LIVE PERFORMANCES IN THE 2021/22 SEASON. 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 POLICY 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. GLENN DAVIS - $4,997 KAREN RODRIGUEZ - $20,739 YASEN PEYANKOV - $8,900 FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -422,694. 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 0 STEPPENWOLF FOUNDATION I E 49600000 LOAN DOCUMENT STEPPENWOLF FOUNDATION II E 49600000 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.