2021-04-07T21:25:19-05:00 2020-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2019-07-01 946135772 AMERICAN CONSERVATORY THEATRE FOUNDATION AMER 4158343200 415 GEARY STREET SAN FRANCISCO CA 94102 JIM SIVORI CHIEF FINANCIAL OFFICER 4158343200 2021-04-07 1 TRACY S PAGLIA P00366884 2099556100 2021-04-07 2019 2022-09-23 18:48:47Z X AMERICAN CONSERVATORY THEATER JENNIFER BIELSTEIN 415 GEARY STREET SAN FRANCISCO CA 94102 26796364 0 X WWW.ACT-SF.ORG X 1966 CA A.C.T. NURTURES THE ART OF LIVE THEATER, ACTOR TRAINING AND COMMUNITY ENGAGEMENT. 40 38 749 100 25350 20573 8619276 17402356 10186882 7726207 395621 441212 970010 -101175 20171789 25468600 354744 366475 0 0 14122458 13421134 23846 34092 1661449 11508378 9876103 26009426 23697804 -5837637 1770796 96441278 99440836 44247364 45243390 52193914 54197446 X AMERICAN CONSERVATORY THEATRE FOUNDATION (A.C.T.) IS AN ESSENTIAL GATHERING PLACE THAT BRINGS ARTISTS AND COMMUNITIES TOGETHER TO INSPIRE AND PROVOKE THROUGH THE CREATION OF THEATER AND THROUGH TRAINING AND EDUCATION. A.C.T. ENGAGES THE SPIRIT OF THE SAN FRANCISCO BAY AREA, ACTIVATES STORIES THAT RESONATE, PROMOTES A DIVERSITY OF VOICES AND POINTS OF VIEW, AND EMPOWERS THEATER MAKERS AND AUDIENCES TO CELEBRATE LIVENESS. 0 0 11973007 0 5521505 A.C.T. IS NATIONALLY RECOGNIZED FOR ITS GROUNDBREAKING PRODUCTIONS OF CLASSICAL AND CONTEMPORARY PLAYWRITING. THE COMPANY PRODUCES CHALLENGING THEATER IN THE RICH CONTEXT OF SYMPOSIA, AUDIENCE DISCUSSIONS AND COMMUNITY INTERACTION. 4741744 366475 2204702 THE CONSERVATORY SERVES MORE THAN 20,000 STUDENTS EVERY YEAR. IT WAS THE FIRST ACTOR TRAINING PROGRAM IN THE UNITED STATES NOT AFFILIATED WITH A COLLEGE OR UNIVERSITY TO BE ACCREDITED TO AWARD A MASTER OF FINE ARTS DEGREE. DANNY GLOVER, ANNETTE BENING, DENZEL WASHINGTON, BENJAMIN BRATT AND ANIKA NONI ROSE ARE AMONG THE CONSERVATORY'S DISTINGUISHED FORMER STUDENTS. WITH ITS COMMITMENT TO EXCELLENCE IN ACTOR TRAINING AND TO THE RELATIONSHIP BETWEEN TRAINING, PERFORMANCE AND AUDIENCE, THE A.C.T. MASTER OF FINE ARTS PROGRAM HAS MOVED TO THE FOREFRONT OF AMERICA'S ACTOR TRAINING PROGRAMS WHILE SERVING AS THE CREATIVE ENGINE OF THE COMPANY AT LARGE. THE EDUCATION AND COMMUNITY EFFORTS REACH STUDENTS IN SCHOOLS AND COMMUNITY CENTERS THROUGHOUT THE BAY AREA. 16714751 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 173 0 1 749 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 40 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JIM SIVORI 4158343200 415 GEARY STREET SAN FRANCISCO CA 94102 CAREY PERLOFF FORMER ARTISTIC DIRECTOR 0.00 X 460278 0 0 NANCY LIVINGSTON CHAIR EMERITA (THRU 11/19) 1.00 X 0 0 0 JENNIFER BIELSTEIN EXECUTIVE DIRECTOR & TRUSTEE 40.00 X X 372335 0 10613 PAMELA MACKINNON ARTISTIC DIRECTOR & TRUSTEE 40.00 X X 368373 0 6444 CAITLIN QUINN DIRECTOR OF DEVELOPMENT 40.00 X 250557 0 6444 ROB FORE CHIEF FINANCIAL OFFICER 40.00 X 191393 0 14124 MELISSA SMITH CONSERVATORY DIRECTOR 40.00 X 170140 0 17797 THOMAS MORGAN IT DIRECTOR 40.00 X 157553 0 3396 TIFFANY REDMON DEPUTY DIRECTOR OF DEVELOPMENT 40.00 X 144932 0 2559 LOUISA BALCH DIRECTOR OF GENERAL MANAGER 40.00 X 139669 0 6557 AMANDA WILLIAM DIRECTOR OF HR & EDI 40.00 X 142493 0 10441 JOAN ROSENBERG DIRECTOR OF MARKETING 40.00 X 117256 0 5412 SUZANNA BAILEY HEAD OF SOUND GEARY THEATER 40.00 X 116840 0 28290 DAVID RIEMER CHAIR - BOARD OF TRUSTEES 15.00 X X 0 0 0 KIRKE M HASSON IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 KAY YUN PRESIDENT - BOARD OF TRUSTEES 15.00 X X 0 0 0 ADRIANA VERMUT SECRETARY - BOARD OF TRUSTEES 1.00 X X 0 0 0 LINDA JO FITZ TREASURER - BOARD OF TRUSTEES 1.00 X X 0 0 0 CELESTE FORD VICE CHAIR - BOARD OF TRUSTEES 1.00 X X 0 0 0 PRISCILLA B GEESLIN VICE CHAIR - BOARD OF TRUSTEES 1.00 X X 0 0 0 STEVEN L SWIG VICE CHAIR - BOARD OF TRUSTEES 1.00 X X 0 0 0 ROBINA RICCITIELLO VICE CHAIR - BOARD OF TRUSTEES 1.00 X X 0 0 0 RALPH A CLARK TRUSTEE 1.00 X 0 0 0 PATRICK DEVLIN TRUSTEE 1.00 X 0 0 0 LESLEY ANN CLEMENT TRUSTEE (THRU 06/20) 1.00 X 0 0 0 JEROME L DODSON TRUSTEE 1.00 X 0 0 0 OLYMPIA DUKAKIS TRUSTEE 1.00 X 0 0 0 JESSE LEE ELLER TRUSTEE 1.00 X 0 0 0 ROD FERGUSON TRUSTEE 1.00 X 0 0 0 FRANCOISE G FLEISHHACKER TRUSTEE 1.00 X 0 0 0 KEN FULK TRUSTEE 1.00 X 0 0 0 PATTI S HART TRUSTEE 1.00 X 0 0 0 DIANNE HOGE TRUSTEE (THRU 06/20) 1.00 X 0 0 0 JO S HURLEY TRUSTEE 1.00 X 0 0 0 DAVID L JONES TRUSTEE 1.00 X 0 0 0 JAMES H LEVY TRUSTEE 1.00 X 0 0 0 HEATHER STALLINGS LITTLE TRUSTEE 1.00 X 0 0 0 JAMIE MARTIN TRUSTEE (THRU 08/19) 1.00 X 0 0 0 RODMAN MARYMOR TRUSTEE 1.00 X 0 0 0 KATHERINE MCGEE TRUSTEE 1.00 X 0 0 0 MICHELE MILLER TRUSTEE 1.00 X 0 0 0 JEFFREY MINICK TRUSTEE 1.00 X 0 0 0 MARCY S NATHAN TRUSTEE (THRU 02/20) 1.00 X 0 0 0 GERINE ONGKEKO TRUSTEE 1.00 X 0 0 0 SALLY ROSENBLATT TRUSTEE (THRU 09/19) 1.00 X 0 0 0 MICHAEL J RICHTER TRUSTEE 1.00 X 0 0 0 ABBY SADIN SCHNAIR TRUSTEE 1.00 X 0 0 0 PATRICK S THOMPSON TRUSTEE 1.00 X 0 0 0 JOAQUIN TORRES TRUSTEE 1.00 X 0 0 0 JEFFREY W UBBEN TRUSTEE 1.00 X 0 0 0 NOLA YEE TRUSTEE 1.00 X 0 0 0 JAY YAMANDA TRUSTEE 1.00 X 0 0 0 JASCHA KAYKAS-WOLFF TRUSTEE 1.00 X 0 0 0 TONI REMBE TRUSTEE 1.00 X 0 0 0 LORI HALVERSON MARTIN TRUSTEE 1.00 X 0 0 0 RUSTY RUEFF TRUSTEE 1.00 X 0 0 0 2631819 0 112077 14 1 1 0 MOGO MARKETING AND MEDIA LLC 21 TAMAL VISTA BLVD STE 207 CORTE MADERA CA 94925 BROADCAST MEDIA 255426 TESSITURA NETWORK INC PO BOX 203410 DALLAS TX 753203410 SOFTWARE 248652 F&D SCENE CHANGES LTD 2B 803 24 AVENUE SE CALGARY ALBERTA CA T2G 1P5 SCENE CONSTRUCTION 211380 SAMUEL FRENCH INC 235 PARK AVENUE SOUTH 5TH FLOOR NEW YORK NY 10003 ROYALTIES 211098 SAN FRANCISCO CHRONICLE PO BOX 80070 PRESCOTT AZ 863048070 ADVERTISING 199015 16 1230221 517448 15654687 653393 17402356 THEATER BOX OFFICE INC 711110 4672716 4672716 CONSERVATORY TUITION 611310 2204702 2204702 CONCESSIONS 711110 270808 270808 DEVELOPER FEE 711110 207692 207692 COSTUME RENTAL 900099 160016 160016 210273 210273 7726207 448930 25350 423580 245412 458256 -212844 -212844 -212844 615968 623686 -7718 -7718 -7718 38880 1230221 245822 -206942 -206942 OTHER INCOME 900099 318611 318611 318611 25468600 7726207 25350 314687 366475 366475 1586820 724658 862162 355850 355850 9160183 6150084 2039941 970158 398845 281063 84893 32889 1073192 632348 340946 99898 846244 596341 180121 69782 164551 164551 158206 158206 34092 34092 62257 62257 959490 959490 1108226 673302 374792 60132 716697 487354 200675 28668 312468 312468 2111244 1784493 293874 32877 319687 316023 3664 285314 285314 1895816 1654734 216825 24257 212630 149838 45258 17534 PRODUCTION EXPENSES 853175 853175 CONCESSIONS 163328 163328 TICKETING FEE & CHARGES 153709 153709 EDUCATION PROGRAM EXPEN 73695 73695 325610 26323 8125 291162 23697804 16714751 5321604 1661449 436438 2159537 1657559 4023811 4176048 6495235 207003 511108 23005870 23270717 512734 172098 74152993 28911037 47034416 45241956 8223717 7356011 8799722 5552929 2387771 4657434 96441278 99440836 1298933 1613434 3853899 1629447 2093557 4434364 37000975 37566145 44247364 45243390 X 28243527 31565362 23950387 22632084 52193914 54197446 96441278 99440836 X 1770796 217237 15499 X 0 1 X 1 0 X 8130714 6621792 9566737 8613476 17402356 50335075 8130714 6621792 9566737 8613476 17402356 50335075 12163622 38171453 1133975 1117042 1201885 986228 668992 5108122 47337 24243 65217 21573 158370 1010701 1586293 2367472 1146933 318609 6430008 62031575 55820775 0.61540 0.68320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 1,010,701. 2016 AMOUNT: $ 1,586,293. 2017 AMOUNT: $ 2,367,472. 2018 AMOUNT: $ 1,146,933. 2019 AMOUNT: $ 318,609. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25476821 415508 1600000 24292329 26283700 10000 821285 1638164 25476821 25691809 2231630 1639739 26283700 24675337 156034 2289490 1429052 25691809 26333108 41432 -86128 1613075 24675337 0.00000 0.82000 0.18000 1 0 1798889 1798889 63788166 21905090 41883076 8540551 7005947 1534604 25387 25387 45241956 POOLED INVESTMENT FUND 5552929 F 5552929 DUE TO ACT MARKET 32816595 PENSION PLAN LIABILITY 84211 DEFERRED DEVELOPER FEES 1665339 LINE OF CREDIT 3000000 37566145 PART V, LINE 4: THE EARNINGS OF A.C.T.'S ENDOWMENT FUNDS PROVIDE PROGRAM AND INSTITUTIONAL SUPPORT TO DELIVER ALL OF A.C.T. THEATER, TRAINING AND EDUCATION PROGRAMS. X X X X X X X 1 BAY AREA ARTS MARKETING 584 CASTRO STREET 473 SAN FRANCISCO CA 94114 TELEFUNDING SERVICES 0 67913 34092 33821 67913 34092 33821 CA GALA 867481 828601 38880 20100 76402 20000 111737 SPRING FLING 371464 371464 5397 12186 1 30156 30156 1269101 1230221 38880 20100 76402 25397 123923 245822 -206942 SCHEDULE G, PART I, LINE 2B, COLUMN (V) TELEFUNDING SERVICES 1 MFA PROGRAM SCHOLARSHIPS 84 366475 PART I, LINE 2: A.C.T. GRANTS ARE TUITION SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING THE CONSERVATORY PROGRAM. TUITION SCHOLARSHIP AWARD AMOUNTS ARE REVIEWED AND APPROVED BY THE FINANCIAL AID DIRECTOR AND THE CONSERVATORY DIRECTOR. GRANT MONITORING IS ACCOMPLISHED BY A.C.T. APPLYING THE SCHOLARSHIP AWARD DIRECTLY AS A REDUCTION IN TUITION EXPENSES OWED. X X X X X 1 1 0 0 0 0 0 0 0 CAREY PERLOFF FORMER ARTISTIC DIRECTOR 0 0 0 0 460278 0 0 0 0 0 460278 0 250000 0 JENNIFER BIELSTEIN EXECUTIVE DIRECTOR & TRUSTEE 372335 0 0 0 0 0 0 0 10613 0 382948 0 0 0 PAMELA MACKINNON ARTISTIC DIRECTOR & TRUSTEE 368373 0 0 0 0 0 0 0 6444 0 374817 0 0 0 CAITLIN QUINN DIRECTOR OF DEVELOPMENT 250557 0 0 0 0 0 0 0 6444 0 257001 0 0 0 ROB FORE CHIEF FINANCIAL OFFICER 191393 0 0 0 0 0 0 0 14124 0 205517 0 0 0 MELISSA SMITH CONSERVATORY DIRECTOR 170140 0 0 0 0 0 3673 0 14124 0 187937 0 0 0 THOMAS MORGAN IT DIRECTOR 157553 0 0 0 0 0 3140 0 256 0 160949 0 0 0 AMANDA WILLIAM DIRECTOR OF HR & EDI 142493 0 0 0 0 0 0 0 10441 0 152934 0 0 0 PART I, LINES 4A-B PART I - LINE 4A: FORMER ARTISTIC DIRECTOR RECEIVED A SEVERANCE PAYMENT OF $210,277 DURING THE YEAR. TERMS AND CONDITIONS ARE AVAILABLE TO THE IRS UPON REQUEST. PART I - LINE 4B: A.C.T. ENTERED INTO A DEFERRED COMPENSATION AGREEMENT EFFECTIVE JULY 1, 2015 WITH FORMER ARTISTIC DIRECTOR WHEREBY THE OFFICER ACCRUED TOTAL DEFERRED COMPENSATION OF $500,000 PLUS INTEREST OVER A THREE YEAR PERIOD ENDING JUNE 30, 2018. THE DEFERRED COMPENSATION VESTED 50% UPON THE COMPLETION OF THREE YEARS OF SERVICE ENDING JUNE 30, 2018 AND 50% ON JULY 1, 2019, OF WHICH THE FINAL PAYMENT OF $250,000 WAS PAID ON JULY 1, 2019 AND IS INCLUDED IN THE AMOUNTS REPORTED IN FORM 990 PART VII AND SCHEDULE J PART II COLUMN B. ADDITIONALLY, THE OFFICER IS TO RECEIVE $100,000 PER YEAR BEGINNING JUNE 30, 2020 FOR FIVE YEARS, PROVIDED THE OFFICER IS AVAILABLE TO PROVIDE MEANINGFUL AND TIMELY CONSULTATION AND ADVICE AS MAY BE REQUESTED FOR THE ENTIRETY OF EACH OF THE FIVE YEARS. X 15 653393 HIGH/LOW MARKET AVERAGE 0 0 1 0 PART I, COLUMN (B): COLUMN B IS NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY MOSS ADAMS LLP BASED ON AUDITED FINANCIAL STATEMENTS AND WITH THE ASSISTANCE OF A.C.T.'S FINANCE AND ACCOUNTING STAFF. THE DRAFT IS REVIEWED BY THE CONTROLLER, CFO AND THE EXECUTIVE DIRECTOR WITH REVISIONS INCORPORATED AS NEEDED. THE TAX RETURN IS ALSO PROVIDED TO THE AUDIT COMMITTEE AND IS MADE AVAILABLE TO ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. TRUSTEES ARE EXPECTED TO RECUSE THEMSELVES FROM BOARD OF TRUSTEE OR COMMITTEE MEETINGS WHERE A CONFLICT OF INTEREST MAY ARISE. STAFF AND BOARD LEADERSHIP ARE ALSO AWARE OF THE CONFLICTS IN ORDER TO ENFORCE COMPLIANCE. A.C.T. ENSURES MONITORING OF CONTRACTS AND TRANSACTIONS AND ENFORCEMENT PROCEDURES TO INVESTIGATE AND TAKE CORRECTIVE ACTION WHEN A POTENTIAL CONFLICT HAS BEEN IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE ARTISTIC DIRECTOR AND THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY A SUB-COMMITTEE APPOINTED BY THE BOARD. THE ARTISTIC DIRECTOR AND EXECUTIVE DIRECTOR ARE CONTRACTED DIRECTLY BY THE BOARD, WITH CONTRACTS COVERING MUTLI-YEAR TERMS. AS PART OF THE RENEWAL PROCESS, THE BOARD UTILIZES DATA FROM INDUSTRY SPECIFIC SOURCES TO BENCHMARK COMPENSATION FOR THESE POSITIONS. COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY BENCHMARKING AGAINST MARKET/INDUSTRY SPECIFIC DATA WITHIN BOTH THE THEATER AND NON-PROFIT INDUSTRIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. A.C.T.'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UBI -25,350. CHANGES IN UNCOLLECTIBLE PLEDGES RECEIVABLE 40,849. ACT MARKET STREET INC 415 GEARY STREET SAN FRANCISCO CA 94102 463452490 TO PURCHASE AND REMODEL BUILDINGS AND FACILITIES TO BE USED BY THE AMERICAN CA AMERICAN CONSERVATORY THEATRE FOUNDATION C 350000 28422335 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 ACT MARKET STREET INC D 1885517 BOOK ACT MARKET STREET INC E 32816595 BOOK