2022-11-09T16:21:31-06:00 2021-12-31 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2021-01-01 951543396 OLD GLOBE THEATRE OLDG 6192311941 PO BOX 122171 SAN DIEGO CA 921122171 MICHELLE L YEAGER DIRECTOR OF FINANCE 6192311941 2022-11-09 1 MICHELLE YEAGER 999009999 JANE COLEMAN P01391236 8586271400 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z THE OLD GLOBE MICHELLE L YEAGER PO BOX 122171 SAN DIEGO CA 921122171 30611040 0 X WWW.THEOLDGLOBE.ORG X 1937 CA THE TONY AWARD-WINNING OLD GLOBE THEATRE IS ONE OF THE LARGEST THEATRES IN THE COUNTRY AND SAN DIEGO'S FLAGSHIP PERFORMING ARTS INSTITUTION 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. IN A NORMAL SEASON, THE OLD GLOBE PRODUCES A YEAR-ROUND SEASON OF 14 OR MORE PLAYS AND MUSICALS, INCLUDING WORLD PREMIERES, MODERN CLASSICS, NEW MUSICALS, BROADWAY-BOUND PRODUCTIONS AND A HIGHLY-REGARDED SUMMER SHAKESPEARE FESTIVAL. IN ADDITION TO THE ARTISTIC PROGRAMMING ON ITS THREE STAGES, WITH AUDIENCE CAPACITIES OF 620/600/250, 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 50 604 2600 -524 0 13981436 22809383 2214280 7109250 288396 178047 -10342 -180168 16473770 29916512 274866 934680 0 0 9493376 14143495 0 0 1843573 6179809 8451137 15948051 23529312 525719 6387200 79168056 87825720 9387316 11280541 69780740 76545179 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 1 17489099 778780 7167462 THE OLD GLOBE REMAINS AT THE FOREFRONT OF THE NATION'S THEATRICAL PERFORMING ARTS ORGANIZATIONS, SETTING A STANDARD FOR EXCELLENCE IN AMERICAN THEATER BY PRODUCING AS MANY AS 15 PROFESSIONAL PRODUCTIONS IN A TYPICAL SEASON, INCLUDING WORLD PREMIERE MUSICALS, MODERN CLASSICS, NEW WORKS, BROADWAY-BOUND PRODUCTIONS, AND AN OUTDOOR SUMMER SHAKESPEARE FESTIVAL, IN ADDITION TO A WIDE VARIETY OF ARTS ENGAGEMENT PROGRAMS THAT BRING THE GLOBE INTO THE COMMUNITY. THE GLOBE'S RETURN TO LIVE PRODUCTIONS IN AUGUST OF 2021 AFTER A PANDEMIC-CAUSED HIATUS INCLUDED A REVIVAL OF THE MUSICAL HAIR, THE WORLD PREMIERE OF THE GARDENS OF ANUNICA DIRECTED AND CHOREOGRAPHED BY GRACIELA DANIELE, TONY-AWARD WINNER FOR LIFETIME ACHIEVEMENT, A SECOND PRODUCTION OF SCROOGE'S SAN DIEGO BIG OL' CHRISTMAS SHOW, AND THE ANNUAL PRODUCTION OF DR. SEUSS'S HOW THE GRINCH STOLE CHRISTMAS! THIS WAS IN ADDITION TO A SERIES OF FILM SCREENINGS, OUTDOOR CABARET PERFORMANCES, AND EXTENSIVE ARTS ENGAGEMENT PROGRAMS. THE GLOBE'S ARTS ENGAGEMENT PROGRAMS CELEBRATED A RETURN TO IN-PERSON PROGRAMMING IN UNDER-RESOURCED COMMUNITIES. THE GLOBE FOR ALL TOUR BROUGHT SHAKESPEARE: CALL AND RESPONSE TO 1,546 PEOPLE WITH BARRIERS TO ACCESSING PROFESSIONAL THEATRE.THE OLD GLOBE WROTE AND LAUNCHED A SOCIAL JUSTICE ROADMAP TO MAKE THE GLOBE A MORE EQUITABLE AND WELCOMING PLACE FOR ARTISTS, STAFF, AND AUDIENCE MEMBERS. THIS ROADMAP DELINEATES A SERIES OF REFORMS TO ACCELERATE THE PACE OF CHANGE AT ALL LEVELS OF OUR INSTITUTION.IN THE PAST 10 YEARS, THE OLD GLOBE HAS EXPANDED THE REACH AND SCOPE OF ITS ARTS ENGAGEMENT PROGRAMS IN PURSUIT OF THE GOAL OF BETTER SERVING THE PUBLIC GOOD. THIS IMPACT OF THIS WORK HAS DEEPLY TRANSFORMED THE GLOBE AND THE GLOBE'S RELATIONSHIPS WITH THE COMMUNITY, LEADING TO THE COMMON PERCEPTION THAT THE GLOBE IS A NATIONALLY LEADING THEATRE IN SERVING THE DEPTH AND BREADTH OF MANY CONSTITUENCIES. 155900 155900 A JOINT VENTURE OF THE OLD GLOBE AND THE UNIVERSITY OF SAN DIEGO, THE MASTER OF FINE ARTS IN ACTING PROGRAM NATIONALLY RECRUITS SEVEN STUDENTS EACH YEAR TO PARTICIPATE IN AN INTENSIVE TWO-YEAR, YEAR-ROUND COURSE OF GRADUATE STUDY IN CLASSICAL THEATRE. GRANTS ARE GIVEN TO THE STUDENTS TO COVER A PORTION OF MONTHLY LIVING EXPENSES. 17644999 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 219 0 1 604 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 CHAIR 15.00 X 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 330357 0 98631 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 DEIRDA PRICE PHD BOARD MEMBER 4.00 X 0 0 0 DIRK HARRIS BOARD MEMBER 4.00 X 0 0 0 DONALD L COHN BOARD MEMBER 6.00 X 0 0 0 ELAINE BENNETT DARWIN BOARD MEMBER 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 INCOMING CHAIR 6.00 X X 0 0 0 GEORGE GUERRA BOARD MEMBER, FINANCE CHAIR 4.00 0.50 X 0 0 0 GEORGE S DAVIS BOARD MEMBER 4.00 0.50 X 0 0 0 HAROLD W FUSON JR BOARD MEMBER 6.00 X 0 0 0 JEAN SHEKHTER BOARD MEMBER 6.00 X 0 0 0 JENNIFER GREENFIELD BOARD MEMBER 4.00 X 0 0 0 JO ANN KILTY BOARD MEMBER (THRU 01/21) 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 6.00 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 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 MARY BETH ADDERLEY BOARD MEMBER (THRU 01/21) 4.00 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 BOARD MEMBER 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 STAFFORD BOARD MEMBER 4.00 X 0 0 0 PAM WAGNER BOARD MEMBER 4.00 X 0 0 0 PAMELA A FARR BOARD MEMBER 6.00 1.00 X 0 0 0 PAMELA MAUDSLEY-MERRILL BOARD MEMBER (THRU 05/21) 4.00 X 0 0 0 PAULA POWERS BOARD SECRETARY 8.00 X X 0 0 0 PETER J COOPER BOARD MEMBER (THRU 06/21) 6.00 0.50 X 0 0 0 PETER LANDIN BOARD MEMBER (AS OF 06/21) 4.00 0.50 X 0 0 0 RENEE 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 K NELSON BOARD MEMBER 4.00 X 0 0 0 SANDRA REDMAN BOARD MEMBER 4.00 X 0 0 0 SCOTT W SCHMID BOARD MEMBER (THRU 03/21) 4.00 0.50 X 0 0 0 SEAN T ANTHONY BOARD MEMBER (THRU 01/21) 4.00 X 0 0 0 SHEILA LIPINSKY BOARD MEMBER 4.00 X 0 0 0 SHERYL WHITE BOARD MEMBER 6.00 X 0 0 0 SILVIJA DEVINE BOARD MEMBER 4.00 X 0 0 0 STEPHANIE R BULGER PHD BOARD MEMBER 6.00 X 0 0 0 SUE SANDERSON BOARD MEMBER 8.00 0.50 X 0 0 0 SUSAN HOEHN BOARD MEMBER 4.00 X 0 0 0 TERRY ATKINSON BOARD MEMBER 6.00 0.50 X 0 0 0 TIMOTHY SHIELDS MANAGING DIRECTOR 40.00 X X 344049 0 106044 VICKI L ZEIGER BOARD MEMBER 6.00 0.50 X 0 0 0 DAVID HENSON DIRECTOR OF MARKETING 40.00 X 196826 0 5905 LLEWELLYN CRAIN DIRECTOR OF PHILANTHROPY 40.00 X 212583 0 33611 MICHAEL PAGE GENERAL MANAGER (THRU 11/21) 40.00 X 163629 0 11748 MICHELLE YEAGER DIRECTOR OF FINANCE 40.00 X 174402 0 15055 ROBERT DRAKE SENIOR PRODUCER 40.00 X 158482 0 14628 BENJAMIN THORON PRODUCTION MANAGER 40.00 X 128575 0 13670 DEAN M YAGER INFORMATION TECHNOLOGY DIRECTOR 40.00 X 125933 0 13617 FREEDOME BRADLEY-BALLENTINE DIRECTOR OF ARTS ENGAGEMENT 40.00 X 115054 0 30906 SANDRA PARDE DIRECTOR OF HUMAN RESOURCES 40.00 X 110468 0 3380 STACY SUTTON COSTUME DIRECTOR 40.00 X 107027 0 13024 2167385 0 360219 16 0 1 0 MOSS ADAMS 4747 EXECUTIVE DRIVE SUITE 1300 SAN DIEGO CA 92037 ACCOUNTING 121979 DNB DESIGN LLC 11331 183RD STREET 207 CERRITOS CA 90703 SOUND DESIGN AND RENTALS 120548 2 804723 207491 11604843 10192326 287688 22809383 ADMISSIONS 711310 6309675 6309675 EDUCATIONAL PROGRAMS 611600 19000 19000 780575 780575 7109250 178047 178047 8802 8802 50000 50963 25 -963 -25 -988 -524 -464 57700 804723 472102 -414402 -414402 397858 171438 226420 58212 168208 29916512 7167462 -524 -59809 778780 778780 155900 155900 1865948 794795 534863 536290 9853226 7896899 1147351 808976 464359 441803 20089 2467 963731 808609 96435 58687 996231 792015 116009 88207 64715 4318 59037 1360 220126 220126 52815 52815 1304299 1078607 145926 79766 403930 388578 5750 9602 657545 284775 341197 31573 380364 13288 367076 418465 418465 398022 339040 58982 130574 126078 3074 1422 5259 653 1712 2894 64455 67388 -2933 1722505 1387907 334598 634332 452290 173068 8974 PRODUCTION 929991 929991 MAINTENANCE 350366 297473 52893 BANK CHARGES 242808 240298 2510 CATERING 151262 68068 83194 319304 119279 72374 127651 23529312 17644999 4040740 1843573 155589 -17771 5391418 13729672 7881294 6404303 49161 118074 144704 136085 145057 628738 49005472 28839681 21315239 20165791 14391819 16855377 29693775 29805451 79168056 87825720 1148904 2507858 3222261 4809894 2149701 1962790 2866450 1999999 9387316 11280541 X 28253490 34319563 41527250 42225616 69780740 76545179 79168056 87825720 6387200 377239 0 X 0 1 X 1 0 X 10050651 8761167 10409125 10481436 22809383 62511762 13802207 17139693 18767171 2218002 7216267 59143340 23852858 25900860 29176296 12699438 30025650 121655102 4576391 4775934 3779321 4817256 5765591 23714493 0 4576391 4775934 3779321 4817256 5765591 23714493 97940609 248980 192805 412452 300294 209694 1364225 248980 192805 412452 300294 209694 1364225 634937 733329 685401 76629 290841 2421137 24736775 26826994 30274149 13076361 30526185 125440464 0.78080 0.78780 0.01090 0.01170 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 634,937. 2018 AMOUNT: $ 733,329. 2019 AMOUNT: $ 685,401. 2020 AMOUNT: $ 76,629. 2021 AMOUNT: $ 290,841. 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 768433 47777 20000 1415 794795 835282 65110 131959 768433 705094 130188 835282 641228 100500 -36634 705094 572448 68780 641228 0.52723 0.47277 0.00000 1 0 1750000 1750000 5496490 3350209 2146281 34783798 20022084 14761714 6975184 5467388 1507796 20165791 INVESTMENT IN LIMITED PARTNERSHIP 28955451 CHARITABLE REMAINDER TRUST 850000 29805451 X 36866392 377239 318323 7513781 8209343 28657049 52815 1206648 1259463 29916512 23710568 318323 1122396 1440719 22269849 52815 1206648 1259463 23529312 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 IS 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, 2021 AND 2020, NO PROVISION FOR SUCH TAXES IS REQUIRED. THE OLD GLOBE HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2021 AND 2020. THE OLD GLOBE FILES AN EXEMPT ORGANIZATION RETURN 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 171,438. CONSOLIDATED ENDOWMENT REVENUE 6,819,253. RENTAL EXPENSE RECLASS 50,988. SPECIAL EVENTS EXPENSE 472,102. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ENDOWMENT EXPENSES 427,868. CONSOLIDATED ELIMINATION ENTRY 778,780. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 171,438. CONSOLIDATED ENDOWMENT EXPENSES 427,868. RENTAL EXPENSE RECLASS 50,988. SPECIAL EVENTS EXPENSE 472,102. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ENDOWMENT EXPENSES 427,868. CONSOLIDATED ELIMINATION ENTRY 778,780. GALA 862423 804723 57700 472102 862423 804723 57700 472102 472102 -414402 1 OLD GLOBE ENDOWMENT TRUST PO BOX 122171 SAN DIEGO CA 921122171 336125358 501(C)(3) 778780 0 GRANT TO SUPPORTING ORGANIZATION TO HOLD AS ENDOWMENT 1 UNIVERSITY OF SAN DIEGO, MASTERS OF ARTS PROGRAM 21 155900 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 TIMOTHY SHIELDS MANAGING DIRECTOR 344049 0 0 0 0 0 71825 0 34219 0 450093 0 0 0 BARRY EDELSTEIN ARTISTIC DIRECTOR 330357 0 0 0 0 0 71825 0 26806 0 428988 0 0 0 LLEWELLYN CRAIN DIRECTOR OF PHILANTHROPY 212583 0 0 0 0 0 6805 0 26806 0 246194 0 0 0 DAVID HENSON DIRECTOR OF MARKETING 196826 0 0 0 0 0 5905 0 0 0 202731 0 0 0 MICHELLE YEAGER DIRECTOR OF FINANCE 174402 0 0 0 0 0 5269 0 9786 0 189457 0 0 0 MICHAEL PAGE GENERAL MANAGER (THRU 11/21) 163629 0 0 0 0 0 4027 0 7721 0 175377 0 0 0 ROBERT DRAKE SENIOR PRODUCER 158482 0 0 0 0 0 4842 0 9786 0 173110 0 0 0 PART I, LINE 4B BARRY EDELSTEIN, AN OFFICER, PARTICIPATED IN A 457(F) PLAN. FOR 2021, THERE WERE CONTRIBUTIONS MADE OF $50,000 AND NO DISTRIBUTIONS. TIMOTHY SHIELDS, AN OFFICER, PARTICIPATED IN A 457(F) PLAN. FOR 2021, THERE WERE CONTRIBUTIONS MADE OF $50,000 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. A OLD GLOBE THEATRE 951543396 2010-08-12 3802430 REPAYMENT OF EXISTING NOTES PAYABLE 0 0 0 A 3802430 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 9 228039 AVG. PRICE X FOOD AND BEVERAGE 5 52649 COST X EQUIPMENT 1 7000 COST 0 0 1 0 FORM 990, PART III, LINE 3 DUE TO THE COVID-19 PANDEMIC THE OLD GLOBE HALTED IN-PERSON PERFORMANCES IN MARCH 2020 AND DID NOT RESUME UNTIL JULY 2021. 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'S 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. 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 778780 CASH OLD GLOBE ENDOWMENT TRUST C 207491 CASH