2025-07-15T06:56:38-05:00 2024-08-31 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2023-09-01 231951753 PHILADELPHIA THEATRE COMPANY PHIL 2159851400 215 S BROAD ST STE 304 PHILADELPHIA PA 19107 MARGO MOSKOWITZ MANAGING DIRECTOR 2159851400 2025-07-14 1 0 HELEN M MARTIN P01330899 2158818800 2023 2025-03-06 01:10:19Z MARGO MOSKOWITZ 215 S BROAD ST STE 304 PHILADELPHIA PA 19107 3483990 0 X WWW.PHILATHEATRECO.ORG X 1974 PA A VITAL CIVIC INSTITUTION DEDICATED TO THE CREATION OF EXTRAORDINARY THEATRICAL EXPERIENCES. 20 17 188 121 0 0 1976710 2321050 1015862 1140162 -1169 -494 -39501 22449 2951902 3483167 0 0 0 0 2182468 2036369 0 0 423148 1860509 2026626 4042977 4062995 -1091075 -579828 6500166 5884624 3797921 4162207 2702245 1722417 X PHILADELPHIA THEATRE COMPANY IS A VITAL CIVIC INSTITUTION DEDICATED TO THE CREATION OF EXTRAORDINARY THEATRICAL EXPERIENCES THAT REFLECT THE ESSENTIAL ISSUES AND IDEAS OF OUR TIME, AND WHICH FOSTER CONNECTION, UNDERSTANDING, AND TRANSFORMATION. WE ENGAGE AND STRENGTHEN OUR COMMUNITY THROUGH EXCEPTIONAL PRODUCTIONS OF NEW AND CONTEMPORARY PLAYS AND MUSICALS, INSPIRING EDUCATION PROGRAMS, AND MUTUALLY BENEFICIAL CIVIC PARTNERSHIPS. WE DEVELOP EXCITING NEW WORK THAT RESONATES BOTH LOCALLY AND NATIONALLY, AND UPHOLD A DEEP COMMITMENT TO BE A FULLY INCLUSIVE, WELCOMING HOME FOR THE ARTISTS, AUDIENCES, AND PEOPLE OF PHILADELPHIA. 0 0 2814063 1162611 IN THE 2023/24 SEASON, PHILADELPHIA THEATRE COMPANY PRODUCED THREE MAJOR PRODUCTIONS: THE DAZZLING NEW ROCK MUSICAL "MACBETH IN STRIDE" BY TONY-NOMINEE WHITNEY WHITE AND DIRECTED BY PTC'S ARTISTIC DIRECTORS TAIBI MAGAR AND TYLER DOBROWSKY, THE RECENT PULITZER PRIZE-WINNING "COST OF LIVING" DIRECTED BY JEFFREY PAGE, AND THE WORLD PREMIERE OF "THE DUAT" BY ROGER Q. MASON, STARRING PHILADELPHIA LEGEND FRANK X. PTC EMPLOYED OVER 190 THEATRE ARTISTS AND WELCOMED OVER 7,600 PATRONS TO ITS MAINSTAGE PRODUCTIONS. PTC ALSO AWARDED THE BI-ANNUAL TERRENCE MCNALLY AWARD TO A RISING PLAYWRIGHT AND PARTNERED WITH PLAYPENN, FURTHERING ITS MISSION TO DEVELOP NEW WORK.EDUCATION AND ENGAGEMENT PROGRAMS SERVED OVER 1,600 STUDENTS, TEACHERS, AND COMMUNITY MEMBERS THROUGH STUDENT MATINEES, IN-SCHOOL WORKSHOPS, LONG-TERM RESIDENCIES, AND ANCILLARY COMMUNITY ENGAGEMENT PROGRAMMING. INITIATIVES INCLUDED CURATED LOBBY INSTALLATIONS, PRE- AND POST-SHOW TALKBACKS WITH ARTISTS AND COMMUNITY MEMBERS, AND PARTNERSHIPS WITH ORGANIZATIONS INCLUDING THEATRE IN THE X, ART-REACH, THE BLACK THEATRE ALLIANCE OF PHILADELPHIA, BROAD STREET LOVE, AND THEATRE PHILADELPHIA. TO LAUNCH THE SEASON, PTC ALSO WELCOMED LITTLE AMAL, A 12-FOOT-TALL PUPPET REPRESENTING A YOUNG SYRIAN REFUGEE, TO THE AVENUE OF THE ARTS AS PART OF A GLOBAL INITIATIVE CELEBRATING HUMAN RIGHTS, COMPASSION, AND HOPE.PTC'S SUZANNE ROBERTS THEATRE, A FULLY ACCESSIBLE PROSCENIUM VENUE ON THE AVENUE OF THE ARTS, HOSTED 227 DAYS OF PROGRAMMING. THIS INCLUDED PTC PRODUCTIONS, RESIDENCIES, RENTALS, AND COMMUNITY EVENTS, WELCOMING MORE THAN 19,000 PATRONS ACROSS ALL ACTIVITIES. 2814063 1 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 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 58 0 1 188 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MARGO MOSKOWITZ 2159851400 215 S BROAD ST STE 304 PHILADELPHIA PA 19107 TYLER DOBROWSKY CO-ARTISTIC DIRECTOR 40.00 X X 90841 0 4869 TAIBI MAGAR CO-ARTISTIC DIRECTOR 40.00 X X 90841 0 4785 EMILY ZECK MANAGING DIR (THRU 9/17/23) 40.00 X X 85109 0 3712 MARGO MOSKOWITZ MANAGING DIRECTOR (EFF 2/1/24) 40.00 X X 77322 0 4503 GLENN GUNDERSEN CHAIR (EFF 1/1/24) 1.00 X X 0 0 0 VIBHAT NAIR VICE-CHAIR 1.00 X X 0 0 0 JOHN HANAMIRIAN TREASURER 1.00 X X 0 0 0 DONNA-MARIE PETERS SECRETARY 1.00 X X 0 0 0 KRISTIN BAIR DIRECTOR 1.00 X 0 0 0 KIA BUCKNER DIRECTOR 1.00 X 0 0 0 DAVID L COLMAN DIRECTOR 1.00 X 0 0 0 STEVEN ENGELMYER DIRECTOR 1.00 X 0 0 0 SALLY KATZ DIRECTOR 1.00 X 0 0 0 DARYL MOREY DIRECTOR 1.00 X 0 0 0 MEREDITH NISSEN DIRECTOR (EFF 3/27/24) 1.00 X 0 0 0 E GERALD RIESENBACH DIRECTOR 1.00 X 0 0 0 SARAH SCHLOSSBERG DIRECTOR (EFF 6/5/24) 1.00 X 0 0 0 RYAN SCHRADER DIRECTOR 1.00 X 0 0 0 ELLIOT SCHWARTZ DIRECTOR 1.00 X 0 0 0 DANI TAPPER DIRECTOR 1.00 X 0 0 0 DAVID TREATMAN DIRECTOR 1.00 X 0 0 0 GARY ADEUTSCHCHAIR THRU 1223 DIRECTOR (THRU 6/30/24) 1.00 X 0 0 0 STEPHANIE B FINEMAN DIRECTOR (THRU 12/7/23) 1.00 X 0 0 0 ELLIOT GRIFFIN DIRECTOR (THRU 6/18/24) 1.00 X 0 0 0 REGINA HAIRSTON DIRECTOR (THRU 1/30/24) 1.00 X 0 0 0 344113 0 17869 0 0 0 0 HURON CONSULTING GROUP INC 1166 6TH AVE 3RD FLOOR NEW YORK NY 10036 FUNDRAISING CONSULTING 108021 1 157111 2163939 186907 2321050 THEATER RENTAL 711300 759347 759347 TICKET SALES 711110 224289 224289 CONCESSIONS 711110 156526 156526 1140162 328 328 1 823 -822 -822 -822 MISCELLANEOUS 711110 22449 22449 22449 3483167 1162611 0 -494 314507 192508 66200 55799 1508014 1349682 43811 114521 12609 12609 66479 60640 1964 3875 134760 112326 8888 13546 116449 116449 25000 25000 220853 13053 23962 183838 157241 137137 20104 23781 8157 15355 269 66355 29382 36973 267637 224696 42941 9996 3208 5424 1364 99846 99846 267282 267282 99744 83404 16340 PRODUCTION EXPENSES 356890 356195 695 ARTISTIC COSTS 93525 93525 THEATRE CLEANING 64421 64421 MISCELLANEOUS EXPENSES 35185 34574 176 435 122421 38546 80173 3702 4062995 2814063 825784 423148 1052833 152786 1405 304507 1496542 1188791 103549 13258 99037 140519 6258029 2348152 3711917 3909877 2158 32725 174886 6500166 5884624 354092 793659 217851 196867 213000 213000 2762788 2747986 65000 65000 185190 145695 3797921 4162207 X 1043954 524689 1658291 1197728 2702245 1722417 6500166 5884624 X -579828 -400000 X 0 1 X 1 0 X 1437548 2533007 4119939 1976710 2321050 12388254 1437548 2533007 4119939 1976710 2321050 12388254 3839840 8548414 972 278 496 201 328 2275 20710 12020 9613 207221 22449 272013 12662542 3381819 0.67510 0.65630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 25000 0 0 25000 0 PART II-B, LINE 1: DURING THE FISCAL YEAR ENDING AUGUST 31, 2024, PHILADELPHIA THEATRE COMPANY ENGAGED A LOBBYIST FROM JANUARY 1, 2024, TO JUNE 30, 2024. THE ORGANIZATION PAID $25,000 FOR DIRECT LOBBYING SERVICES RELATED TO LEGISLATIVE MATTERS INVOLVING THE CITY OF PHILADELPHIA. SERVICES INCLUDED DIRECT CONTACT WITH LEGISLATORS, GOVERNMENT OFFICIALS, AND LEGISLATIVE STAFF. 3907762 811086 3096676 2350267 1537066 813201 3909877 OPERATING LEASE LIABILITY 145695 145695 X 3515244 32077 32077 3483167 0 3483167 4495072 32077 400000 432077 4062995 0 4062995 PART X, LINE 2: PTC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF PTC HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY PTC AND HAS CONCLUDED THAT AS OF AUGUST 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PTC RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST OR PENALTIES RECORDED FOR EITHER OF THE YEARS ENDED AUGUST 31, 2024 OR 2023. PART XII, LINE 2D - OTHER ADJUSTMENTS: RESTRUCTURING OF PY PLEDGE SHOWN AS BAD DEBT ON FS 400,000. E GERALD RIESENBACH BOARD MEMBER UNSECURED LINE OF CREDIT X 100000 80000 0 1 1 HARRIET WEISS FORMER BOARD MEMBER ST OPERATING LOAN X 18000 18000 0 1 1 MICHAEL KAISER FORMER CONSULTANT ST OPERATING LOAN X 100000 50000 0 1 1 PRISCILLA LUCE FORMER BOARD MEMBER ST OPERATING LOAN X 65000 65000 0 1 1 213000 X 5 186907 HI/LOW DATE OF GIFT 0 0 0 PART I, COLUMN (B): THE COUNT ON LINE 9 REPRESENTS THE NUMBER OF UNIQUE INDIVIDUAL CONTRIBUTIONS OF STOCK BY A DONOR DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS TAIBI MAGAR AND TYLER DOBROWSKY ARE A MARRIED COUPLE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE OUTSIDE ACCOUNTANT AND REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE. AFTER MANAGEMENT AND THE FINANCE COMMITTEE HAVE REVIEWED THE RETURN AND ANY NECESSARY CHANGES ARE MADE, A FINAL COPY IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IF AN INTERESTED PERSON HAS A FINANCIAL INTEREST IN ANY TRANSACTION INVOLVING PTC, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY CONFLICT OF INTEREST. THE INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS RELATING TO HIS OR HER FINANCIAL INTEREST AND THE CONFLICT OF INTEREST. THE INTERESTED PERSON MUST DISCLOSE ANY CONFLICT OF INTEREST AT THE EARLIEST OPPORTUNITY TO THE COMMITTEE CHAIR. AFTER DISCLOSURE OF A CONFLICT OF INTEREST, AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON AS THE COMMITTEE MAY DEEM APPROPRIATE, THE COMMITTEE WILL TIMELY DETERMINE, WITHOUT THE PARTICIPATION OR VOTE OF THE INTERESTED PERSON, WHETHER A CONFLICT OF INTEREST EXISTS. THE CHAIR OF THE COMMITTEE SHALL TIMELY REPORT THE DETERMINATION TO THE INTERESTED PERSON AND PTC'S BOARD CHAIR. IF THE COMMITTEE DETERMINES A CONFLICT OF INTERESTS EXISTS, PTC'S BOARD CHAIR SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE WHETHER THE TRANSACTION IS REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY A COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 A HARD COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: REVERSAL OF PY PLEDGE RECEIVABLE UPON RESTRUCTURING FOR NEW FY24 PLEDGE -400,000.