2021-05-14T07:25:05-05:00 2020-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2019-07-01 237304942 Playhouse Square Foundation PLAY 2167714444 1501 Euclid Ave No 200 Cleveland OH 441152197 Patricia Gaul VP Finance & General Administration 2167714444 2021-05-11 1 Rebekuh Eley P01247672 3126343400 2021-05-11 2019 2022-09-23 18:48:47Z Patricia Gaul 1501 Euclid Ave No 200 Cleveland OH 441152197 63377300 0 X www.playhousesquare.org X 1973 OH To operate and sustain a performing arts and entertainment center to enhance and develop the "Playhouse Square" district by restoring, renovating, and operating theaters and other related properties, and to provide arts education. 60 59 867 2148 984767 0 16739577 16973725 75154104 44689398 2063545 575725 1464045 710426 95421271 62949274 0 0 0 0 15233639 13453701 0 0 1742941 66677529 45495363 81911168 58949064 13510103 4000210 313630834 319310731 132943786 134310893 180687048 184999838 X Playhouse Square Foundation is a not-for-profit performing arts center whose mission is presenting and producing a wide variety of quality performing arts, advancing arts education, and creating a theater district that is a superior location for entertainment, business, and housing, thereby strengthening the economic vitality of the region. 0 0 29953440 0 36626944 Entertainment Expenses - these include marketing and presentation expenses for the various presentations offered during the year. There were 721 events and approximately 841,000 guests to the theaters during the year. Over 30,000 students and teachers attended children's theater performances due to subsidized buses or tickets. Over 200,000 students and adults were engaged in various programs hosted by Playhouse Square Foundation throughout the year. 10244813 0 7426176 Theater Occupancy Costs - these overhead expenses were associated with maintaining and operating the facilities to allow for the variety of events presented by the foundation and services provided to the guests. 6381267 0 1212175 Area development and real estate management services to retain and attract tenants to the district. 5503353 0 0 Theater depreciation includes depreciation of theaters, theater equipment, and improvements, as well as depreciation on administrative offices and amortization of loan fees. 5503353 0 0 52082873 1 1 0 1 0 0 0 0 0 1 1 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 1 86 0 1 867 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 60 59 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X Tim McDonald 2167714444 1501 Euclid Ave No 200 Cleveland OH 441152197 Art J Falco Senior Advisor 40.00 5.00 X 930503 0 42303 Gina Vernaci President/CEO 40.00 0.00 X X 618659 0 42878 Patricia Gaul VP Finance & General Admin 40.00 5.00 X 370706 0 31659 Michelle Ryan Stewart VP Development 40.00 0.00 X 289538 0 42303 Timothy Luli President PSF Management 40.00 0.00 X 284423 0 42479 Autumn Kiser VP Ticket Sales & Marketing 40.00 0.00 X 236151 0 28437 Timothy Birch VP Sales & Technology 40.00 0.00 X 246214 0 18294 David Green VP Programming 40.00 0.00 X 183152 0 46702 Amy G Brady Chair 0.50 0.00 X X 0 0 0 Mark Ross Vice Chair, Comm. Engagement 0.50 0.00 X X 0 0 0 Rick Buoncore Vice Chair, Advancement 0.50 0.00 X X 0 0 0 Heather Lennox Vice Chair, Finance 0.50 0.00 X X 0 0 0 Paul J Dolan Vice Chair, Government Affairs 0.50 0.00 X X 0 0 0 Lawrence H Hatch Vice Chair, Nominating & Governance 0.50 0.00 X X 0 0 0 Neil C Weinberger Vice Chair, Real Estate Development 0.50 0.00 X X 0 0 0 Christopher M Connor Vice Chair, Sales & Market 0.50 0.00 X X 0 0 0 Sara Ellen Stashower Vice Chair, Sales & Marketing 0.50 0.00 X X 0 0 0 Kurt C Treu Vice Chair, Strategic Planning 0.50 0.00 X X 0 0 0 Brent D Ballard Secretary/Treasurer 0.50 0.00 X X 0 0 0 Terry Adelman Trustee 0.50 0.00 X 0 0 0 Thomas W Adler Trustee 0.50 0.00 X 0 0 0 Himanshu Amin Trustee 0.50 0.00 X 0 0 0 Warren E Anderson Trustee 0.50 0.00 X 0 0 0 Dr Glenn R Brown Trustee 0.50 0.00 X 0 0 0 Paul H Carleton Trustee 0.50 0.00 X 0 0 0 Scott Chaikin Trustee 0.50 0.00 X 0 0 0 John G Chapman Sr Trustee 0.50 0.00 X 0 0 0 Uleto Fuentes Trustee 0.50 0.00 X 0 0 0 David S Goodman Trustee 0.50 0.00 X 0 0 0 James Graham Trustee 0.50 0.00 X 0 0 0 Forrest D Hayes Trustee 0.50 0.00 X 0 0 0 Amy J Held Trustee 0.50 0.00 X 0 0 0 Oliver C Henkel Jr Trustee 0.50 0.00 X 0 0 0 AJ Hyland Trustee 0.50 0.00 X 0 0 0 David Jacobs Trustee 0.50 0.00 X 0 0 0 Alex Johnson PhD Trustee 0.50 0.00 X 0 0 0 Louis G Joseph Trustee 0.50 0.00 X 0 0 0 Margaret M Judd Trustee 0.50 0.00 X 0 0 0 Edward J Largent Trustee 0.50 0.00 X 0 0 0 John F Lewis Trustee 0.50 0.00 X 0 0 0 Paul Mancino Trustee 0.50 0.00 X 0 0 0 Julien L McCall Trustee 0.50 0.00 X 0 0 0 Jim Merlino Trustee 0.50 0.00 X 0 0 0 Heath Monesmith Trustee 0.50 0.00 X 0 0 0 Jon H Outcalt Trustee 0.50 0.00 X 0 0 0 James R Pender Trustee 0.50 0.00 X 0 0 0 James A Ratner Trustee 0.50 0.00 X 0 0 0 Deborah Read Trustee 0.50 0.00 X 0 0 0 Monte Repasky Trustee 0.50 0.00 X 0 0 0 Sean Richardson Trustee 0.50 0.00 X 0 0 0 Luci Schey Trustee 0.50 0.00 X 0 0 0 William R Seelbach Trustee 0.50 0.00 X 0 0 0 David B Sewell Trustee 0.50 0.00 X 0 0 0 Daniel I Simon MD Trustee 0.50 0.00 X 0 0 0 Doug Spiker Trustee 0.50 0.00 X 0 0 0 David J Strauss Trustee 0.50 0.00 X 0 0 0 KK Sullivan Trustee 0.50 0.00 X 0 0 0 Leila L Vespoli Trustee 0.50 0.00 X 0 0 0 Dominic A Visconsi Trustee 0.50 0.00 X 0 0 0 Daniel P Walsh Jr Trustee 0.50 0.00 X 0 0 0 Denise G Wells Trustee 0.50 0.00 X 0 0 0 Debra A Wert Trustee 0.50 0.00 X 0 0 0 Jeffrey J Wild Trustee 0.50 0.00 X 0 0 0 Darrell A Young Trustee 0.50 0.00 X 0 0 0 Bill Canady National Trustee until 6/30/20 0.50 0.00 X 0 0 0 Raju K Prasad National Trustee until 6/30/20 0.50 0.00 X 0 0 0 Thomas Stevens Former Chair National Trustee until 6/30/20 0.50 0.00 X 0 0 0 3159346 0 295055 17 0 1 0 Turner Construction 1301 East Ninth Street Suite 1400 Cleveland OH 44114 General Contractor Services 3276870 Gilbane Building Company 950 Main Ave 1410 Cleveland OH 44113 General Contractor Services 3175347 Brewer Garrett Company 6800 Eastland Road Middleburg Heights OH 44130 HVAC Services 1258978 Hines One South Dearborn Street Suite 20 Chicago IL 60603 Contract/Management Services 705971 Jani-King Janitorial Services 9075 Town Centre Dr Ste 200 Broadview Heights OH 44147 Janitorial Services 218292 5 372804 2740092 13860829 1104877 16973725 Productions 711110 36626944 36626944 Garage/Parking 812930 2820447 2820447 Other Theatrical Revenue 711190 2708841 2708841 Management Fees 531310 1212175 361937 850238 Theatrical Rental 532000 746515 746515 574476 574476 44689398 575725 575725 428026 372804 428026 0 710426 0 710426 575897 134529 62949274 44415057 984767 575725 1135340 1135340 9299201 6548598 1666479 1084124 604432 386159 149336 68937 1932642 1301976 431484 199182 482086 307994 119109 54983 161911 47064 114847 153290 153290 10000 10000 981594 792729 188865 3082116 2719938 76939 285239 906871 453927 423349 29595 123706 34824 86486 2396 2086010 1687212 398798 24698 24698 199510 199510 5503353 5503353 753481 674856 78625 Presentation Expense 27233502 27233502 Area Development 2928093 2928093 Garage Expense 921631 921631 Professional Developmen 222854 114066 90303 18485 202743 202743 58949064 52082873 5123250 1742941 13086163 29072985 97800575 46541043 13719249 14118380 8575068 5358144 100000 0 0 47253332 7665 7665 2424847 2689824 152780970 74760385 76485808 78020585 99528692 94239618 1902767 2009155 313630834 319310731 9761616 5507810 38075446 30076625 74880000 74880000 8276601 21896335 1950123 1950123 132943786 134310893 X 158311585 162400098 22375463 22599740 180687048 184999838 313630834 319310731 X 4000210 1928620 -1616040 X 0 1 X 1 0 X 16097720 18259460 19731142 16739577 16973725 87801624 16097720 18259460 19731142 16739577 16973725 87801624 5743613 82058011 188122 454736 348957 487265 575725 2054805 89856429 269898135 0.91320 0.83510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 10000 0 0 0 10000 0 Part II-B, Line 1: Playhouse Square Foundation awards grants to other organizations to lobby for grants from the State of Ohio and from tabacco tax revenue from Cuyahoga county. 28472732 300000 1129798 29902530 27262564 1210168 28472732 24081098 326703 2854763 27262564 20442088 3639010 24081098 21550135 -608047 500000 20442088 0.68850 0.16030 0.15120 0 0 7914850 7914850 113719422 63262726 50456696 25689629 11497659 14191970 5457069 5457069 78020585 Investment in Area Development 94239618 C 94239618 X Part V, Line 4: Playhouse Square Foundation's ("PSF") endowment consists of individual donor-restricted endowment funds established to support the mission of PSF. PSF's endowment includes both donor-restricted endowment funds and funds designated by the Board to function as endowments. Part X, Line 2: The Internal Revenue Service (IRS) has determined the Foundation to be exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Foundation adopted the Accounting for Uncertainty in Income Taxes Topic of the Accounting Standards Codification (ASC), which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. At June 30, 2020 and 2019, management has evaluated the Foundation's tax positions and has concluded that the Foundation has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with provisions of this guidance. Tax returns filed by the Foundation are subject to examination by the IRS up to three years from the filing date of each return. Gala 553575 265318 288257 62936 128650 69621 27050 Ball 187182 67403 119779 12300 87000 8500 11979 1 60073 40083 19990 18760 1230 800830 372804 428026 93996 215650 78121 40259 428026 0 X X X X 0 1 0 0 0 0 0 1 0 Art J Falco Senior Advisor 269892 0 230000 0 430611 0 21000 0 21303 0 972806 0 289000 0 Gina Vernaci President/CEO 435659 0 158000 0 25000 0 21000 0 21878 0 661537 0 25000 0 Patricia Gaul VP Finance & General Admin 290706 0 55000 0 25000 0 21000 0 10659 0 402365 0 25000 0 Michelle Ryan Stewart VP Development 209538 0 55000 0 25000 0 21000 0 21303 0 331841 0 25000 0 Timothy Luli President PSF Management 248423 0 36000 0 0 0 20780 0 21699 0 326902 0 0 0 Autumn Kiser VP Ticket Sales & Marketing 198151 0 38000 0 0 0 17778 0 10659 0 264588 0 0 0 Timothy Birch VP Sales & Technology 201214 0 45000 0 0 0 18294 0 0 0 264508 0 0 0 David Green VP Programming 153152 0 30000 0 0 0 14072 0 32630 0 229854 0 0 0 Part I, Line 4b Patricia Gaul, Gina Vernaci, and Michelle Ryan Stewart participated in a deferred income program in which participants are awarded deferred compensation and 1/3 of the award is vested each year; the deferred compensation is fully-vested and paid at the end of the third year. In 2019, Patricia Gaul received $25,000, Gina Vernaci received $25,000, and Michelle Ryan Stewart received $25,000 through this deferred income program. Part I, Line 7 Bonuses awarded to Gina Vernaci, Patricia Gaul, Art J. Falco, Timothy Birch, Michelle Ryan Stewart, David Greene, Timothy Luli, and Autumn Kiser were discretionary. Bonuses are based on some financial and nonfinancial goals, overall performance as judged by a manager, and overall performance of Playhouse Square Foundation. A Cleveland Cuyahoga County Port Authority 341029691 2018-06-15 80203322 Refinance Series 2014 Bonds & Construction of Residence Tower 0 0 0 A 80203322 4822131 1559031 24114218 49707942 1 0 0 0 A 1 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Oswald Companies David Jacobs, Trustee, is President and Chief Operating Officer of Oswald 538716 David Jacobs, Trustee on the Playhouse Board, is President and Chief Operating Officer of Oswald. Playhouse paid Oswald $538,716 for insurance services. 0 The Brewer-Garrett Company Louis G. Joseph, Trustee, is President & CEO at The Brewer-Garrett Company 1309955 Louis G. Joseph, Trustee on the Playhouse Board, is President and CEO at The Brewer-Garrett Company. Playhouse paid Brewer-Garrett $1,309,955 for HVAC services. 0 X 25 1104877 Stock Price 0 0 1 1 Part I, Column (b): The organization is reporting the numbers of items received. Part I, Line 32b: Donated stock is transferred to Playhouse Square Foundation's ("PSF") brokerage account. PSF's broker then sells the stock and remits the proceeds to PSF. Form 990, Part VI, Section A, line 1 The Executive Committee is comprised of Trustees of the Foundation and consists of all the chairman of the other committees and several at large trustees. The Executive Committee can act with all of the powers of the trustees between Trustee Meetings. All of the action taken by the Executive Committee must be reported to the Trustees. Form 990, Part VI, Section A, line 4 Trustees and National Trustees are now allowed to vote per the amendment to the Organization's Regulations adopted on 3/16/2020. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by the Controller and reviewed by the Chief Financial Officer and independent accountants. Each member of the governing body is provided a copy of the return for review prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Conflict of interest questionnaires are distributed and collected annually by the assistant to the president and reviewed by the vice president of finance. All trustees are required to provide responses and the vice president of finance confirms compliance with the policy. Trustees do not vote on issues which relate to existing conflicts. Form 990, Part VI, Section B, line 15 Compensation for the president is determined by the compensation committee made up of independent members of the board. Annual salary surveys are utilized as well as reviews of compensation for similar organizations and Form 990 of other organizations. The president and the compensation committee set compensation for key employees utilizing the same annual surveys and process. This compensation determination process is documented in the Compensation Committee's minutes. Form 990, Part VI, Section C, line 19 Documents are available upon request for the same period of time as set forth in IRC section 6104(d). Form 990, Part XI, line 9: Transfer of partnership interests, net of exercising put options 759,664. Change in Fair Value of Swap -2,375,704. Playhouse Square Holding Company LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 341972190 Real Estate OH 7788826 37420468 Playhouse Square Foundation PSF Management Company LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 341900407 Real Estate Management OH 1788872 7594765 Playhouse Square Foundation PS 1305 LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 271865474 Real Estate OH 0 0 Playhouse Square Foundation PSF Blocker LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 480824283 Real Estate OH 418107 0 Playhouse Square Foundation Playhouse Square Hotel LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 821404398 Hotel Operations OH 6181975 15115946 Playhouse Square Foundation Playhouse Square Residential LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 825345761 Real Estate OH 0 109855456 Playhouse Square Foundation Playhouse Square Parking LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 825335622 Real Estate OH 0 20794190 Playhouse Square Foundation PCS Hanna Building LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 562666434 Real Estate OH 5315516 28017463 Playhouse Square Foundation 1901 East 13th LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 274216095 Real Estate OH 3287026 23457702 Playhouse Square Foundation Playhouse Square 1305 Limited Partnership 1501 Euclid Avenue 200 Cleveland OH 441152197 271785756 Real Estate OH 527516 4277271 Playhouse Square Foundation Playhouse Square Development Corp 1501 Euclid Avenue 200 Cleveland OH 44115 351249931 Real Estate Holding Company OH 501(c)(2) Playhouse Square Foundation 1 One Playhouse Square Investors Limited Partnership 1501 Euclid Avenue 200 Cleveland OH 441152197 010750118 Real Estate OH Playhouse Square Foundation Related -357460 10370868 0 1 0.50000 Playhouse Square 1317 LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 454701283 Real Estate OH Playhouse Square Foundation Related 44 0 1 0.00100 PSC Bulkley Building LLC 1501 Euclid Avenue 200 Cleveland OH 441152197 341926357 Real Estate OH Playhouse Square Holdings LLC Related -897604 9638684 0 1 0.99900 Playhouse Square Hotel LTD 1501 Euclid Avenue 200 Cleveland OH 441152197 341745315 Hotel Operations OH N/A PS 1317 LLC 1317 Euclid Avenue Cleveland OH 44115 454441227 Real Estate OH Playhouse Square Foundation C 0.00100 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 PSC Bulkley Building LLC J 392050 Cash One Playhouse Square Investors Limited Partnership J 235647 Cash