2021-11-12T12:55:09-06:00 2020-12-31 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2020-01-01 951543396 OLD GLOBE THEATRE OLDG 6192311941 PO BOX 122171 SAN DIEGO CA 921122171 MICHELLE L YEAGER DIRECTOR OF FINANCE 6192311941 2021-11-11 1 MICHELLE YEAGER 999009999 JANE COLEMAN P01391236 8586271400 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z THE OLD GLOBE MICHELLE L YEAGER PO BOX 122171 SAN DIEGO CA 921122171 16576361 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. 53 53 395 0 -26766 0 76381618 13981436 18576181 2214280 379381 288396 218122 -10342 95555302 16473770 30188500 274866 0 0 17715532 9493376 0 0 1748736 12944635 6179809 60848667 15948051 34706635 525719 76909174 79168056 7981740 9387316 68927434 69780740 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 10802399 122666 2213606 THE OLD GLOBE IS AT THE FOREFRONT OF THE NATION'S THEATRICAL PERFORMING ARTS ORGANIZATIONS, SETTING A STANDARD FOR EXCELLENCE IN AMERICAN THEATER BY PRODUCING 14 OR MORE HIGH-QUALITY PROFESSIONAL PRODUCTIONS IN A NORMAL SEASON: INCLUDING WORLD PREMIERES, MODERN CLASSICS, NEW MUSICALS, BROADWAY-BOUND PRODUCTIONS, AND AN OUTDOOR SUMMER SHAKESPEARE FESTIVAL.THE GLOBE OPENED 2020 WITH TWO IN-PERSON PRODUCTIONS (AUGUST WILSON'S JITNEY AND HURRICANE DIANE BY MADELEINE GEORGE), BUT DUE TO THE COVID-19 PANDEMIC, HALTED IN-PERSON PERFORMANCES IN MARCH 2020. AFTER CLOSURE, THE GLOBE CREATED MORE THAN 20 VIRTUAL OR BROADCAST ARTISTIC, HUMANITIES, AND ARTS ENGAGEMENT PROGRAMS, WHICH GARNERED OVER 500,000 VIEWS LOCALLY, NATIONALLY, AND INTERNATIONALLY. IN-ZOOM, A WORLD PREMIERE 10-MINUTE PLAY CREATED BY AND STARRING TWO-TIME TONY AWARD WINNER BILL IRWIN WITH THREE-TIME TONY AWARD NOMINEE CHRISTOPHER FITZGERALD, WAS COMMISSIONED BY THE GLOBE AND STREAMED DURING THIS PERIOD.THE ANNUAL PRODUCTION OF DR. SEUSS'S HOW THE GRINCH STOLE CHRISTMAS! WAS BROADCAST ON SAN DIEGO RADIO STATION KPBS. FREE STUDENT MATINEES OF THIS SHOW, WHICH REACHED 4,505 STUDENTS AND EDUCATORS THROUGH IN-PERSON PERFORMANCES IN 2019, ENGAGED OVER 10,000 STUDENTS THROUGH STREAMING. OTHER PROGRAMS INCLUDED VIRTUAL VERSIONS OF THINKING SHAKESPEARE LIVE!, AN EXPLORATION OF THE WORKS OF SHAKESPEARE AND BEHIND-THE-SCENES PROGRAMS FOR DONORS. THE GLOBE CONTINUED ITS COMMISSIONING PROGRAMS FOR WRITERS OF NEW PLAYS AS WELL. THE OLD GLOBE WROTE AND IMPLEMENTED A SOCIAL JUSTICE ROADMAP TO MAKE THE GLOBE A MORE EQUITABLE AND WELCOMING PLACE FOR A DIVERSE COMMUNITY OF 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 9 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. 162200 162200 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 SMALL PORTION OF MONTHLY LIVING EXPENSES. 10964599 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 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 154 0 1 395 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 53 53 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 CHRISTINE 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 PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 ELAINE BENNETT DARWIN BOARD PAST CHAIR, EX-OFFICIO 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 VICE CHAIR NOMINATING 6.00 X X 0 0 0 GEORGE C GUERRA BOARD MEMBER 4.00 X 0 0 0 GEORGE S DAVIS BOARD MEMBER 4.00 0.50 X 0 0 0 HAROLD W FUSON JR BOARD PAST CHAIR, EX-OFFICIO 6.00 0.50 X 0 0 0 JACK GALLOWAY BOARD MEMBER (THRU 08/20) 4.00 X 0 0 0 JAQUELINE LEWIS BOARD MEMBER (THRU 01/20) 4.00 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 4.00 X 0 0 0 JORDINE VON WANTOCH BOARD MEMBER (THRU 06/20) 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 4.00 X 0 0 0 MICHAEL TAYLOR BOARD MEMBER 4.00 X 0 0 0 MUFFY WALKER BOARD MEMBER 4.00 X 0 0 0 NICOLE A CLAY BOARD IMMEDIATE PAST CHAIR 6.00 0.50 X 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 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 4.00 0.50 X 0 0 0 PAULA POWERS BOARD SECRETARY, VICE CHAIR PHILANTHROPY 8.00 X X 0 0 0 PETER J COOPER BOARD MEMBER 6.00 X 0 0 0 RENEE WAILES BOARD MEMBER 4.00 X 0 0 0 RHONA THOMPSON BOARD MEMBER 4.00 X 0 0 0 RICHARD ESGATE BOARD MEMBER (THRU 03/20) 4.00 X 0 0 0 ROBERT FOXWORTH BOARD MEMBER 4.00 X 0 0 0 RUBEN ISLAS BOARD MEMBER (THRU 01/20) 4.00 X 0 0 0 SANDRA REDMAN BOARD MEMBER 4.00 X 0 0 0 SCOTT W SCHMID BOARD MEMBER 4.00 0.50 X 0 0 0 SEAN T ANTHONY BOARD MEMBER 4.00 X 0 0 0 SHEILA LIPINSKY BOARD MEMBER 4.00 X 0 0 0 SHERYL WHITE BOARD PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 SILVIJA DEVINE BOARD MEMBER 4.00 X 0 0 0 STELLA LARSEN BOARD MEMBER (THRU 08/20) 4.00 X 0 0 0 STEPHANIE R BULGER PHD BOARD MEMBER 6.00 X 0 0 0 SUE SANDERSON BOARD MEMBER, FINANCE CHAIR 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 THOMAS MELODY BOARD MEMBER (THRU 11/20) 4.00 X 0 0 0 VICKI L ZEIGER BOARD PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 BARRY EDELSTEIN ARTISTIC DIRECTOR 40.00 X 443702 0 38566 DAVID HENSON SECRETARY DIRECTOR OF MARKETING 40.00 X 186543 0 5651 LLEWELLYN CRAIN DIRECTOR OF PHILANTHROPY 40.00 X 202102 0 35803 MICHELLE YEAGER DIRECTOR OF FINANCE 40.00 X 151785 0 14911 ROBERT DRAKE SENIOR PRODUCER 40.00 X 150270 0 16669 TIMOTHY SHIELDS MANAGING DIRECTOR 40.00 X 457145 0 29881 BENJAMIN THORON PRODUCTION MANAGER 40.00 X 122276 0 13474 DEAN YAGER INFORMATION TECHNOLOGY DIRECTOR 40.00 X 119531 0 15209 KRISTINA KEELER DEPUTY DIRECTOR OF PHILANTHROPY 40.00 X 102610 0 12271 MICHAEL PAGE GENERAL MANAGER 40.00 X 145080 0 6139 STACY SUTTON COSTUME DIRECTOR 40.00 X 104648 0 13075 2185692 0 201649 12 0 1 0 0 554958 281106 473465 12671907 441875 13981436 ADMISSIONS 900099 1353540 1353540 EDUCATIONAL PROGRAMS 611600 816 816 859924 859924 2214280 288396 288396 4093 4093 7805 52779 0 -52779 7805 -44974 -26766 -18208 0 554958 9394 -9394 -9394 80351 40418 39933 -674 40607 16473770 2213606 -26766 305494 122666 122666 152200 152200 1733028 682253 493003 557772 6231305 4592235 900035 739035 222567 198084 10875 13608 697619 573659 67194 56766 608857 436921 89096 82840 16525 9502 7023 188430 188430 18811 18811 701743 579071 72239 50433 244053 237388 978 5687 295330 162998 109720 22612 353058 15048 338010 515573 515573 297484 254503 42981 88721 84168 3000 1553 9949 3678 4731 1540 91871 74307 17564 1657974 1334386 323588 429118 251303 164466 13349 PRODUCTION 458527 458527 0 0 MAINTENANCE 205711 167678 38033 0 BANK CHARGES 144400 0 142260 2140 462531 58451 202679 201401 15948051 10964599 3234716 1748736 1134242 155589 11715186 5391418 7940018 7881294 149229 49161 138263 144704 1107762 145057 48438882 27123643 22297801 21315239 2576964 14391819 29849709 29693775 76909174 79168056 2667846 1148904 2985585 3222261 2328309 2149701 0 2866450 7981740 9387316 X 26382646 28253490 42544788 41527250 68927434 69780740 76909174 79168056 525719 327587 0 X 0 1 X 1 0 X 13416751 10050651 8761167 10409125 10481436 53119130 14650624 13802207 17139693 18767171 2218002 66577697 28067375 23852858 25900860 29176296 12699438 119696827 4186485 4576391 4775934 3779321 4817256 22135387 0 4186485 4576391 4775934 3779321 4817256 22135387 97561440 275871 248980 192805 412452 300294 1430402 16696 16696 292567 248980 192805 412452 300294 1447098 572298 634937 733329 685401 76629 2702594 28932240 24736775 26826994 30274149 13076361 123846519 0.78780 0.80770 0.01170 0.01050 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 572,298. 2017 AMOUNT: $ 634,937. 2018 AMOUNT: $ 733,329. 2019 AMOUNT: $ 685,401. 2020 AMOUNT: $ 76,629. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: UNUSUAL GRANT DATE: 12/31/19 AMOUNT: 65955451. DESCRIPTION: UNUSUAL GRANT DATE: 12/31/20 AMOUNT: 3500000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 835282 65110 131959 768433 705094 130188 835282 641228 100500 -36634 705094 572448 68780 641228 438797 93416 40235 572448 0.51100 0.48900 0.00000 1 0 1750000 1750000 5444980 3102243 2342737 34714524 18846128 15868396 6529378 5175272 1354106 21315239 INVESTMENT IN LIMITED PARTNERSHIP 28955451 CHARITABLE REMAINDER TRUST 738324 29693775 X 21915301 327587 247006 5416390 5990983 15924318 18811 530641 549452 16473770 16156171 247006 519960 766966 15389205 18811 540035 558846 15948051 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, 2020 AND 2019, NO PROVISION FOR SUCH TAXES IS REQUIRED. THE OLD GLOBE HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2020 AND 2019. 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 40,418. CONSOLIDATED ENDOWMENT REVENUE 5,323,193. RENTAL EXPENSE RECLASS 52,779. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ELIMINATION ENTRY 540,035. SPECIAL EVENT EXPENSES -9,394. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 40,418. CONSOLIDATED ENDOWMENT EXPENSES 417,369. RENTAL EXPENSE RECLASS 52,779. SPECIAL EVENT EXPENSES 9,394. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ELIMINATION ENTRY 540,035. GALA 552539 552539 8669 SPECIAL MINOR EVENT 2419 2419 725 554958 554958 9394 9394 -9394 1 OLD GLOBE ENDOWMENT TRUST PO BOX 122171 SAN DIEGO CA 921122171 336125358 501(C)(3) 122666 GRANT TO SUPPORTING ORGANIZATION TO HOLD AS ENDOWMENT 1 UNIVERSITY OF CALIFORNIA, SAN DIEGO, MASTERS OF ARTS PROGRAM 21 152200 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 SMALL 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. X X X 0 0 0 0 0 0 0 1 0 TIMOTHY SHIELDS MANAGING DIRECTOR 357145 0 100000 0 0 0 8550 0 21331 0 487026 0 0 0 BARRY EDELSTEIN ARTISTIC DIRECTOR 343702 0 100000 0 0 0 8550 0 30016 0 482268 0 0 0 LLEWELLYN CRAIN DIRECTOR OF PHILANTHROPY 202102 0 0 0 0 0 6479 0 29324 0 237905 0 0 0 DAVID HENSON SECRETARY DIRECTOR OF MARKETING 186543 0 0 0 0 0 5596 0 55 0 192194 0 0 0 ROBERT DRAKE SENIOR PRODUCER 150270 0 0 0 0 0 4589 0 12080 0 166939 0 0 0 MICHELLE YEAGER DIRECTOR OF FINANCE 151785 0 0 0 0 0 4589 0 10322 0 166696 0 0 0 MICHAEL PAGE GENERAL MANAGER 145080 0 0 0 0 0 0 0 6139 0 151219 0 0 0 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 11537 COST X 19 374276 AVG. PRICE X FOOD AND BEVERAGE 6 56063 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. FORM 990, PART VI, SECTION A, LINE 6 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 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, DIRECTOR OF PRODUCTION, DIRECTOR OF ARTS ENGAGEMENT, DIRECTOR OF PHILANTHROPY, DIRECTOR OF HUMAN RESOURCES, DIRECTOR OF MARKETING, 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 509(A)(3) SUPPORT ORGANIZATION OF OLD GLOBE 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 GRANT FROM OLD GLOBE ENDOWMENT C 281106 BOARD APPROVED GRANT TO OLD GLOBE ENDOWMENT B 122666 BOARD APPROVED