2017-07-13T13:56:38-05:00 2016-08-31 381357951 PLANTE & MORAN PLLC 10 S Riverside Plaza 9th Floor Chicago IL 60606 990 2015-09-01 510149370 STEPPENWOLF THEATRE COMPANY STEP 3126545642 1700 N HALSTED STREET CHICAGO IL 60614 L Heather Mitchell TREASURER 3126545642 2017-07-05 1 Lu Ann Trapp P01506476 3122071040 2017-07-05 2015 2021-01-29 14:40:06Z Eric Lefkofsky 1700 N HALSTED STREET CHICAGO IL 60614 20471741 0 X WWW.STEPPENWOLF.ORG X 1975 IL PROVIDE THEATRICAL LEARNING OPPORTUNITIES FOR AUDIENCES THAT SPUR CIVIC CONVERSATION. 53 51 495 1000 227291 -43746 8069567 8653727 6888588 7166026 2669440 1274515 -146068 -212810 17481527 16881458 0 0 0 0 8703577 9594949 99375 31500 1734376 6956912 7229629 15759864 16856078 1721663 25380 54784168 55163477 24364543 25098628 30419625 30064849 X STEPPENWOLF THEATRE COMPANY IS WHERE GREAT ACTING MEETS BIG IDEAS. OUR PASSION IS TO TELL STORIES ABOUT HOW WE LIVE NOW. OUR MISSION IS TO ENGAGE AND EDUCATE AUDIENCES USING AN EXCHANGE OF IDEAS THAT MAKES US THINK HARDER, LAUGH LONGER, FEEL MORE.THE COMPANY WAS FORMED IN 1975 BY A COLLECTIVE OF ACTORS AND IS DEDICATED TO AN ETHIC OF MUTUAL RESPECT AND THE DEVELOPMENT OF ARTISTS THROUGH ONGOING GROUP WORK. STEPPENWOLF HAS GROWN INTO AN INTERNATIONALLY RENOWNED ENSEMBLE OF 46 ACTORS WHO REPRESENT A REMARKABLE GENERATION OF ACTORS, DIRECTORS, AND PLAYWRIGHTS. 0 0 12114924 6728580 THEATRE PROGRAMS: PRODUCING PROGRAMMING TO EDUCATE THE PUBLIC BY ENGAGING THEM IN THE THEATRICAL PERFORMANCES, DISCUSSIONS, EVENTS, AND WORKSHOPS. PROGRAMMING INCLUDED 24 PRODUCTIONS, 623 PERFORMANCES, NUMEROUS EVENTS AND WORKSHOPS AND THE STEPPENWOLF FOR YOUNG ADULT PROGRAM FOR HIGH SCHOOL STUDENTS WHICH SERVES MORE THAN 15,000 STUDENTS, FAMILIES AND TEACHERS. 12114924 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 188 0 1 495 1 1 1 0 0 0 0 1 1 0 0 0 0 X 53 51 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X JACKIE SNUTTJER 3126545642 1700 N HALSTED STREET CHICAGO IL 60614 Nora Daley Chair 9/1/15-6/30/16 5.00 0.00 X X 0 0 0 Eric Lefkofsky Chair as of 7/1/16; Secretary 9/1/15-6/30/16 5.00 0.00 X X 0 0 0 Keating Crown Vice Chair as of 7/1/16 5.00 0.00 X X 0 0 0 Deborah H Quazzo Secretary as of 7/1/16 5.00 0.00 X X 0 0 0 Paul Goodrich Treasurer 9/1/15-6/30/16 5.00 0.00 X X 0 0 0 L Heather Mitchell Treasurer as of 7/1/16 5.00 0.00 X X 0 0 0 Martha Lavey Artistic Director Through 8/31/15 40.00 0.00 X X 315469 0 28510 Anna D Shapiro Artistic Director after 9/1/15 40.00 1.00 X X 104077 0 0 Robert J Greenebaum Jr Trustee 5.00 0.00 X 0 0 0 Bruce Sagan Trustee 5.00 0.00 X 0 0 0 Beth Boosalis Davis Trustee 5.00 0.00 X 0 0 0 George A Joseph Trustee 5.00 0.00 X 0 0 0 John H Hart Trustee 5.00 0.00 X 0 0 0 Lawrence M Gill Trustee 5.00 0.00 X 0 0 0 John R Walter Trustee 5.00 0.00 X 0 0 0 Merle Reskin Trustee 5.00 0.00 X 0 0 0 Donna La Pietra Trustee 5.00 0.00 X 0 0 0 Manuel Sanchez Trustee 5.00 0.00 X 0 0 0 Janet Melk Trustee 5.00 0.00 X 0 0 0 Douglas R Brown Trustee 5.00 0.00 X 0 0 0 Harry J Seigle Trustee 5.00 0.00 X 0 0 0 Henry S Bienen Trustee 5.00 0.00 X 0 0 0 Randall K Rowe Trustee 5.00 0.00 X 0 0 0 Kenneth J Porrello Trustee 5.00 0.00 X 0 0 0 Lynn Lockwood Murphy Trustee 5.00 0.00 X 0 0 0 David C Pisor Trustee 5.00 0.00 X 0 0 0 Stephanie B Smith Trustee 5.00 0.00 X 0 0 0 Sarah Beardsley Trustee 5.00 0.00 X 0 0 0 Rich Feitler Trustee 5.00 0.00 X 0 0 0 Helen Zell Trustee 5.00 0.00 X 0 0 0 Terri L Cable Trustee 5.00 0.00 X 0 0 0 Elizabeth H Connelly Trustee 5.00 0.00 X 0 0 0 Carole L Brown Trustee 5.00 0.00 X 0 0 0 Ronald J Mallicoat Jr Trustee 5.00 0.00 X 0 0 0 Michael W Bender Trustee 5.00 0.00 X 0 0 0 Nene Foxhall Trustee 5.00 0.00 X 0 0 0 Colette Cachey Smithburg Trustee 5.00 0.00 X 0 0 0 Christopher M Murphy Trustee 5.00 0.00 X 0 0 0 Mary Ludford Trustee 5.00 0.00 X 0 0 0 Matthew Shapiro Trustee 5.00 0.00 X 0 0 0 Ebs Burnough Trustee 5.00 0.00 X 0 0 0 Robin Tennant Colburn Trustee 5.00 0.00 X 0 0 0 Robert J Sanborn Trustee 5.00 0.00 X 0 0 0 Amy Eshleman Trustee 5.00 0.00 X 0 0 0 Matthew Gray Trustee 5.00 0.00 X 0 0 0 David E Mendelsohn Trustee 5.00 0.00 X 0 0 0 Marlene Breslow-Blitstein Trustee 5.00 0.00 X 0 0 0 Keating Crown Trustee 5.00 0.00 X 0 0 0 Cameron Findlay Trustee 5.00 0.00 X 0 0 0 Dennis D Howarter Trustee 5.00 0.00 X 0 0 0 Aimee Graham Trustee 5.00 0.00 X 0 0 0 Verett Mims Trustee 5.00 0.00 X 0 0 0 Holly Maloney Trustee 5.00 0.00 X 0 0 0 John Benevides Trustee 5.00 0.00 X 0 0 0 Elliot A Stultz Trustee 5.00 0.00 X 0 0 0 Juliette Feld Trustee 5.00 0.00 X 0 0 0 Tarell McCraney Trustee 5.00 0.00 X 3000 0 0 Yasen Peyankov Trustee 5.00 0.00 X 18359 0 0 Jon Michael Hill Trustee 5.00 0.00 X 0 0 0 Tina R Landau Trustee 5.00 0.00 X 1667 0 0 Tracy S Letts Trustee 5.00 0.00 X 4250 0 0 David Schmitz Managing Director 40.00 1.00 X 193102 0 22523 Sandy Karuschak Director of Development 40.00 0.00 X 151707 0 14713 Emilie DeAngelis Campaign Director 40.00 0.00 X 107381 0 19029 John Zinn Director of Marketing 40.00 0.00 X 100026 0 8507 David Hawkanson Former Executive Director 40.00 0.00 X 380713 0 23101 1379751 0 116383 7 1 1 0 Menhall Design & Build 2905 W Eastwood Chicago IL 60625 Contractor Services 435684 Adage Technologies 10 S Riverside Plaza Suite 1500 Chicago IL 60606 Website Development Services 305745 Adrian Smith & Gordon Gill 111 W Monroe Suite 2300 Chicago IL 60603 Architectural Services 257500 William Blair 222 W Adams St Chicago IL 60606 Investment Management 146298 Party Time Productions 6150 W Howard St Niles IL 60714 Event Services 136363 7 1323273 89340 7241114 447335 8653727 SUBSCRIPTION REVENUE 711110 5985571 5985571 TICKET REVENUE 711110 509635 509635 PARKING INCOME 711110 221565 221565 TICKET HANDLING INCOME 711110 159985 159985 COSTUME SALES/RENTALS 711110 131720 131720 157550 91700 65850 7166026 630713 630713 2937 2937 82219 0 82219 82219 82219 3093212 2449377 33 643835 -33 643802 643802 215517 1323273 576024 -360507 -360507 576259 564849 11410 -18311 29721 MISCELLANEOUS INCOME 900099 51131 51131 51131 16881458 6728580 227291 1271860 750605 301667 203793 245145 7164966 5176462 1393583 594921 265156 226367 18497 20292 803235 645965 99331 57939 610987 437516 116114 57357 23559 23559 49400 49400 31500 31500 146298 146298 803307 658391 54329 90587 1025494 954939 555 70000 484716 292757 152198 39761 157157 67582 22681 66894 385583 385583 641472 435090 170078 36304 585845 467508 16299 102038 11876 11446 71 359 323611 23779 273428 26404 1052111 789083 105211 157817 116596 87447 11660 17489 PRODUCTION MATERIALS 768871 768871 Bank Fees 234213 180379 18350 35484 Equipment - maintenance 199831 135364 54739 9728 219689 68728 76604 74357 16856078 12114924 3006778 1734376 5337950 5551881 203790 204010 8374334 7963263 105010 88148 4050 1363 1311267 1053724 30704764 13838867 16066126 16865897 23101838 23165550 279803 269641 54784168 55163477 1201869 1197415 3239050 2939023 17000000 17000000 2923624 3962190 24364543 25098628 X 12316076 13052773 9966200 8874727 8137349 8137349 30419625 30064849 54784168 55163477 X 25380 137848 -518004 X 0 1 X 1 0 X 4981943 11030132 10266669 8069567 8653727 43002038 4981943 11030132 10266669 8069567 8653727 43002038 2829578 40172460 2284293 1284670 1865084 1048242 713869 7196158 -43969 -43969 36758 39586 3704 22106 51131 153285 50307512 38505447 0.79850 0.75730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12147524 345286 756060 657421 12591449 13134443 -338831 648088 12147524 11609341 77240 2056260 608398 13134443 10871448 1297762 559869 11609341 10446672 -25 906986 482185 10871448 0.28030 0.64630 0.07340 1 0 4055840 4055840 19785176 10532695 9252481 5315728 2795786 2519942 1548020 510386 1037634 16865897 ANNUITIES PAYABLE CURRENT 52133 DUE TO AFFILIATE 3008417 Fair Value of Interest Rate Swap 585812 ANNUITIES PAYABLE LONG TERM 315828 3962190 X 18650034 137848 208610 1568416 1914874 16735160 146298 146298 16881458 18685441 208610 1767051 1975661 16709780 146298 146298 16856078 Part V, Line 4: THE THEATRE USES ENDOWMENT FUNDS ON AN ANNUAL BASIS AS PERMITTED BY LAW AND POLICY FOR PROGRAMMING AND ARTISTIC INITIATIVES THAT FULFILL THE MISSION OF THE ORGANIZATION. Part X, Line 2: The Theatre's application of accounting principles generally accepted in the United States of America regarding uncertain tax positions had no effect on its financial position as management believes the Theatre has no material unrecognized income tax benefits, including any potential risk of loss of its not-for-profit tax status. The Theatre would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. However, the Theatre has no amounts accrued for interest or penalties as of August 31, 2016. Part XI, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSES 576,026. COST OF GOODS SOLD 564,849. CONSOLIDATED STATEMENTS - REVENUE OF AFFILIATED ORGANIZATION 427,508. LOSS ON SALE OF EQUIPMENT 33. Part XII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSES 576,026. COST OF GOODS SOLD 564,849. CONSOLIDATED STATEMENTS - EXPENSES OF AFFILIATED ORGANIZATION 108,139. LOSS ON SALE OF EQUIPMENT 33. CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 137,134. CHANGE IN VALUE OF ANNUNITY PAYABLE 380,870. X X X X X X X 1 HURLEY & ASSOCIATES 860 N LAKE SHORE DR 15l Chicago IL 60611 CONSULTING ON FUNDRAISING BEST PRACTICES. 0 0 31500 -31500 31500 -31500 IL GALA 1311500 1132388 179112 137804 391948 WOMEN IN THE ARTS 206800 178225 28575 2400 40515 1 20490 12660 7830 3357 1538790 1323273 215517 140204 435820 576024 -360507 Schedule G, Part I, Line 2b, Column (v) CONSULTING ON FUNDRAISING BEST PRACTICES. THE CONSULTANT WAS NOT RESPONSIBLE FOR ANY DIRECT FUNDRAISING. X X 0 1 0 0 0 0 0 0 0 Martha Lavey Artistic Director Through 8/31/15 191945 0 0 0 123524 0 22943 0 5567 0 343979 0 123524 0 David Schmitz Managing Director 193102 0 0 0 0 0 8000 0 14523 0 215625 0 0 0 Sandy Karuschak Director of Development 151707 0 0 0 0 0 6145 0 8568 0 166420 0 0 0 David Hawkanson Former Executive Director 96481 0 0 0 284232 0 19423 0 3678 0 403814 0 284232 0 Part I, Line 4b During 2015, Steppenwolf Theatre Company deposited $15,500 for 457b agreements into accounts for David Hawkanson and Martha Lavey for FY14. In addition, $15,500 was accrued for FY15. Distributions were made as follows: David and Martha were each paid $123,524 for their 457(f) which completes those agreements for both of them. David Hawkanson also received a distribution for his 457(b) in the amount of $160,708 since he is no longer employed by Steppenwolf. A Illinois Finance Authority 861091967 S99992590 2013-02-28 17000000 TO REPAY EXISTING TAXABLE AND TAX EXEMPT DEBT AND TO RENNOVATE PROPERTY 0 0 0 A 16974044 265282 17098 2128394 1496732 2013 1 0 1 1 A 0 0 0 0 1 0 0 A 0 1 0 0 1 0 0 0 0 A 0 SCHEDULE K, PART II LINE 3 THE PROCEEDS ARE NET OF THE UNDERWRITER'S DISCOUNT. $6,259,147.69 OF PROCEEDS WERE APPLIED TO PAYMENT OF THE TAXABLE 2012 LOAN. $556,643.03 OF PROCEEDS WERE APPLIED TO PAYMENT OF THE 2011 TAXABLE LOAN. DAVID SCHMITZ EMPLOYEE LISTED ON PART VII OF FORM 990 EDUCATIONAL LOAN APPROVED BY THE TREASURER X 10750 1363 0 1 1 1363 X 16 261305 FAIR MARKET VALUE X 1 24750 COST X AIRFARE 1 150000 COST X HOTEL 2 11280 COST 0 1 1 Part I, Line 32b: SECURITIES ARE DONATED THROUGH A BROKERAGE FIRM AND SOLD IMMEDIATELY. Form 990, Part VI, Section B, line 11 THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990. THE AUDIT COMMITTEE IS THE COMMITTEE OF THE GOVERNING BODY WHICH IS DESIGNATED TO REVIEW THE FORM 990. THE REVIEW BY THE COMMITTEE TAKES PLACE PRIOR TO THE DISTRIBUTION TO THE GOVERNING BODY. THE RETURN IS DISTRIBUTED VIA E-MAIL TO THE ENTIRE GOVERNING BODY PRIOR TO FILING THE FORM 990. Form 990, Part VI, Section B, line 12c MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST POLICY EITHER INDICATING THAT THEY HAVE NO CONFLICTS OF INTEREST AS DEFINED IN THE POLICY OR TO LIST EXCEPTIONS WHEN THEY DO HAVE CONFLICTS OF INTEREST. WE DISTRIBUTE THE POLICY TO THE BOARD OF TRUSTEES ANNUALLY. THE SIGNED POLICIES ARE COLLECTED AND KEPT ON FILE. Form 990, Part VI, Section B, line 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF TOP MANAGEMENT IS MANAGED BY THE BOARD CHAIR THROUGH THE EXECUTIVE COMMITTEE. THEY REVIEW PUBLISHED COMPENSATION OF COMPArABLE POSITIONS WITHIN THE CITY AND INDUSTRY. COMPENSATION IS ALSO BASED ON THE ORGANIZATIONAL BUDGET, INDIVIDUAL QUALIFICATIONS, AND INDUSTRY STANDARDS. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. Form 990, Part XI, line 9: Change in Fair Value of Interest Rate Swap -137,134. CHANGE IN VALUE OF ANNUITY PAYABLE -380,870. STEPPENWOLF FOUNDATION I 1700 N HALSTED ST CHICAGO IL 60614 364041811 TO SUPPORT THE STEPPENWOLF THEATRE COMPANY'S THEATRE PROGRAMS IL 501(c)(3) Line 11a, I STEPPENWOLF THEATRE COMPANY 1 STEPPENWOLF FOUNDATION II 1700 N HALSTED ST CHICAGO IL 60614 364041812 TO SUPPORT THE STEPPENWOLF THEATRE COMPANY'S THEATRE PROGRAMS IL 501(c)(3) Line 11a, I STEPPENWOLF THEATRE COMPANY 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 STEPPENWOLF FOUNDATION I E 17000000 LOAN DOCUMENT STEPPENWOLF FOUNDATION II E 17000000 LOAN DOCUMENT STEPPENWOLF FOUNDATION I S 638000 CASH PART V, LINE 1E: STEPPENWOLF THEATRE COMPANY REFINANCED EXISTING DEBT AND SECURED ADDITIONAL DEBT FOR THE RENOVATION OF 1700 N. HALSTED. STEPPENWOLF THEATRE COMPANY, STEPPENWOLF FOUNDATION I AND STEPPENWOLF FOUNDATION II ARE ALL LISTED ON THE LOAN DOCUMENTS.