2016-05-10T10:12:38-05:00 2015-06-30 450250958 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2014-07-01 411254553 CHILDREN'S THEATRE COMPANY AND SCHOOL CHIL 6128740500 2400 3RD AVENUE SOUTH MINNEAPOLIS MN 554043506 DAVID VANBENSCHOTEN TREASURER 6128740500 2016-05-03 1 DEB NELSON CPA P01264758 6122536500 2016-05-03 2014 2016-08-17 19:52:53Z KIMBERLY MOTES 2400 3RD AVENUE SOUTH MINNEAPOLIS MN 554043506 12109605 0 X WWW.CHILDRENSTHEATRE.ORG X 1975 MN TO CREATE EXTRAORDINARY THEATRE EXPERIENCES THAT EDUCATE, CHALLENGE, AND INSPIRE YOUNG PEOPLE. 56 56 435 259 117746 -3714 6150222 4913041 6337073 6619754 211576 192910 225590 218268 12924461 11943973 17588 0 0 0 6477218 6779160 32936 38133 724047 5272694 5257916 11800436 12075209 1124025 -131236 29885408 29741323 5086293 5044988 24799115 24696335 X CHILDREN'S THEATRE COMPANY EXISTS TO CREATE EXTRAORDINARY THEATER EXPERIENCES THAT EDUCATE, CHALLENGE, AND INSPIRE YOUNG PEOPLE. 0 0 7896153 0 5976514 OUR 2014-2015 SEASON INCLUDED THE FOLLOWING: BUSYTOWN THE MUSICAL, ADAPTED BY KEVIN KLING FROM THE ICONIC SERIES BY RICHARD SCARRY, THIS REGIONAL PREMIERE WAS DIRECTED BY SEAN GRANEY; SEEDFOLKS, A NEW WORK CO-CREATED AND STARRED BY THE INCOMPARABLE SONJA PARKS, THIS ONE-WOMAN SHOW DEPICTS A FRACTURED COMMUNITY AND THE GARDEN THAT TRANSFORMS THEIR NEIGHBORHOOD; OUR FULL-BLOWN HOLIDAY MUSICAL SPECTACULAR, DR. SEUSS' HOW THE GRINCH STOLE CHRISTMAS, WAS BACK TO WOW A NEW GENERATION OF SEUSS LOVERS; GREG BANKS' WITTY ADAPTATION OF MARK TWAIN'S HUCK FINN, STAGED WITH A SMALL CAST OF PERFORMERS; SNOWFLAKE, A GORGEOUS, FULL OF HEART COMBINATION OF PHYSICAL HUMOR, WORDLESS NARRATIVE, AND ILLUSION BY GALE LAJOYE; CTC'S COMMISSION FOR EARLY LEARNERS, THE BIGGEST LITTLE HOUSE IN THE FOREST, ADAPTED BY ROSANNA STAFFA FROM THE BOOK BY DJEMMA BADER; AND FOR THE FIRST TIME AT CTC, PETER PAN THE MUSICAL, DIRECTED BY PETER ROTHSTEIN. WHILE EVERY CTC SEASON OFFERS A DIVERSITY OF AESTHETICS, VOICES, AND STORIES FOR OUR AUDIENCES, THE 2014-2015 SEASON WAS PARTICULARLY NOTABLE IN THAT IT BROUGHT SEVERAL WHOLLY NEW EXPERIENCES TO THE STAGE. SEEDFOLKS WAS A PERFORMANCE UNLIKE ANY OTHER ON CTC'S STAGES AS SONJA PARKS EMBODIED THE VOICES, HOPES, AND DREAMS OF A WHOLE COMMUNITY-FROM A NINE-YEAR-OLD KOREAN GIRL TO AN AGING LATINO FARMER. IN APPROACHING THE BELOVED PETER PAN THE MUSICAL, CTC'S ARTISTIC TEAM MADE THE DECISION NOT TO FEATURE THE STEREOTYPICAL, OFFENSIVE DEPICTIONS OF NATIVE AMERICANS THAT ARE PART OF THE ORIGINAL PRODUCTION AND BOOK. WORKING WITH LEADERS AND YOUNG PEOPLE FROM THE NATIVE COMMUNITY, THE TEAM REIMAGINED THE "INDIANS" OF THE ORIGINAL PLAY AS A POWERFUL GROUP OF YOUNG WOMEN AND RECEIVED PERMISSION FROM THE RIGHTS HOLDERS TO PRODUCE THIS NEW VERSION OF THE SHOW. 745667 0 168891 THE NATIONALLY-RECOGNIZED NEIGHBORHOOD BRIDGES PROGRAM CONTINUES TO SERVE PUBLIC SCHOOL CLASSROOMS IN THE TWIN CITIES THROUGH THREE GRADE-SPECIFIC CURRICULUM TRACKS-NEIGHBORHOOD BRIDGES (GRADE SCHOOL), BUILDING BRIDGES (KINDERGARTEN), AND EARLY BRIDGES (PRESCHOOL). A NEW ANALYSIS OF MCA-III READING TEST DATA FOR STUDENTS IN GRADES 3-5 INDICATES THAT NEIGHBORHOOD BRIDGES INCREASES READING PROFICIENCY FOR ENGLISH LANGUAGE LEARNER STUDENTS. CTC IS A FIELD-WIDE LEADER IN THE MOVEMENT TO INCREASE DIVERSITY AND INCLUSION ACROSS THE FIELD OF THEATRE-BUILDING OPPORTUNITY FOR MORE PEOPLE TO BE PART OF THEATRE AUDIENCES, STAFF, BOARDS, AND ARTISTS. SINCE FORMALIZING THIS COMMITMENT IN 2013 THROUGH ACT ONE-CTC'S INSTITUTION-WIDE PLATFORM FOR DIVERSITY AND INCLUSION-CTC HAS MADE NOTABLE GAINS IN INCREASING DIVERSITY AND INCLUSION ACROSS OUR ORGANIZATION. PARTICIPATION IN THE ACT PASS, WHICH PROVIDES LOW-COST TICKETS AND ENGAGEMENT FOR FAMILIES WITH FINANCIAL NEED, INCREASED BY 15% FROM THE PRIOR YEAR, WITH MORE THAN 12,000 PEOPLE ACCESSING LOW-COST TICKETS AND THEATRE ARTS TRAINING. CTC ALSO INCREASED COMMUNITY ENGAGEMENT EFFORTS, ADDING 17 NEW COMMUNITY ORGANIZATIONS AS PARTNERS AND CREATING NEW OPPORTUNITIES FOR YOUNG PEOPLE WITH AUTISM, SPANISH-SPEAKING AND BILINGUAL INDIVIDUALS, AND LGBTQ YOUTH TO ENGAGE WITH THE THEATRE. 445919 0 474349 CTC'S THEATRE ARTS EDUCATION PROGRAMS HAVE GROWN IN BOTH BREADTH AND DEPTH IN RECENT YEARS. THE THEATRE ARTS TRAINING (TAT) PROGRAM SERVED 3,271 YOUNG PEOPLE AGES 2-18 IN THE 2014-2015 SEASON. CTC HAS ALSO DEEPENED EDUCATIONAL RELATIONSHIPS WITH NUMEROUS COMMUNITY ORGANIZATIONS, INCLUDING THE AUTISM SOCIETY OF MINNESOTA AND OUTFRONT MN. TAT HAS ALSO EXPANDED ITS REACH IN THE COMMUNITY, CONDUCTING MORE RESIDENCIES AT COMMUNITY CENTERS, LIBRARIES, AND EVENTS, AS WELL AS ADDING SCHOOL VACATION CAMPS AT CTC. 9087739 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 133 0 1 435 1 1 1 0 0 0 0 1 1 0 0 0 0 X 56 56 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X JILL JENSEN 6128725126 2400 3RD AVENUE SOUTH MINNEAPOLIS MN 55404 JEFF VONGILLERN CHAIR 1.00 X X 0 0 0 SUZI KIM SCOTT VICE CHAIR 1.00 X X 0 0 0 DAVID VANBENSCHOTEN TREASURER 1.00 X X 0 0 0 MICHAEL BLUM SECRETARY 1.00 X X 0 0 0 LYNN ABBOTT BOARD MEMBER 1.00 X 0 0 0 STEPHANIE ADAMS BOARD MEMBER 1.00 X 0 0 0 WHIT ALEXANDER BOARD MEMBER 1.00 X 0 0 0 TODD BALAN BOARD MEMBER 1.00 X 0 0 0 MATTHEW BANKS BOARD MEMBER 1.00 X 0 0 0 ELLEN BENDEL-STENZEL BOARD MEMBER 1.00 X 0 0 0 TONY BOHMERT BOARD MEMBER 1.00 X 0 0 0 MORGAN BURNS BOARD MEMBER 1.00 X 0 0 0 TODD BROOKS BOARD MEMBER 1.00 X 0 0 0 BARBARA BURWELL BOARD MEMBER 1.00 X 0 0 0 Y RALPH CHU BOARD MEMBER 1.00 X 0 0 0 PAULA COONEY BOARD MEMBER 1.00 X 0 0 0 JEFF DAVIDMAN BOARD MEMBER 1.00 X 0 0 0 FRAN DAVIS BOARD MEMBER 1.00 X 0 0 0 EVE DEIKEL BOARD MEMBER 1.00 X 0 0 0 RYAN ENGLE BOARD MEMBER 1.00 X 0 0 0 PAM ENSTAD BOARD MEMBER 1.00 X 0 0 0 MICHAEL FANUELE BOARD MEMBER 1.00 X 0 0 0 KERRY FAUVER BOARD MEMBER 1.00 X 0 0 0 G BRIAN FLEMING BOARD MEMBER 1.00 X 0 0 0 BETH FORD BOARD MEMBER 1.00 X 0 0 0 RAJIV GARG BOARD MEMBER 1.00 X 0 0 0 LILI HALL BOARD MEMBER 1.00 X 0 0 0 JEFFREY HATCHER BOARD MEMBER 1.00 X 0 0 0 SANDY HEY BOARD MEMBER 1.00 X 0 0 0 CARRIE HIGGINS BOARD MEMBER 1.00 X 0 0 0 HOYT HSIAO BOARD MEMBER 1.00 X 0 0 0 SAM HSU BOARD MEMBER 1.00 X 0 0 0 BILL JOHNSON BOARD MEMBER 1.00 X 0 0 0 CHRISTINE KALLA BOARD MEMBER 1.00 X 0 0 0 JOE KEELEY BOARD MEMBER 1.00 X 0 0 0 HELEN KURTZ BOARD MEMBER 1.00 X 0 0 0 CHAD LARSEN BOARD MEMBER 1.00 X 0 0 0 JIM LEMKE BOARD MEMBER 1.00 X 0 0 0 ALEX LIU BOARD MEMBER 1.00 X 0 0 0 MUFFY MACMILLAN BOARD MEMBER 1.00 X 0 0 0 MICHAEL MAESER BOARD MEMBER 1.00 X 0 0 0 GAYLE MALCOLM BOARD MEMBER 1.00 X 0 0 0 PEPE MARTIN BOARD MEMBER 1.00 X 0 0 0 GEORGE MONTAGUE BOARD MEMBER 1.00 X 0 0 0 TODD NOTEBOOM BOARD MEMBER 1.00 X 0 0 0 JOANNE PASTEL BOARD MEMBER 1.00 X 0 0 0 LISA SAUL PAYLOR BOARD MEMBER 1.00 X 0 0 0 MARTHA POMERANTZ BOARD MEMBER 1.00 X 0 0 0 MARK PRICE BOARD MEMBER 1.00 X 0 0 0 MELISSA RAPHAN BOARD MEMBER 1.00 X 0 0 0 BETSY RUSSOMANNO BOARD MEMBER 1.00 X 0 0 0 SHARON RYAN BOARD MEMBER 1.00 X 0 0 0 TARA SUTTON BOARD MEMBER 1.00 X 0 0 0 MEREDITH TUTTEROW BOARD MEMBER 1.00 X 0 0 0 GEORGE TYSON BOARD MEMBER 1.00 X 0 0 0 PATRICK B WALSH BOARD MEMBER 1.00 X 0 0 0 TIMOTHY JENNINGS MANAGING DIRECTOR 40.00 X 213168 0 1644 PETER BROSIUS ARTISTIC DIRECTOR 40.00 X 206311 0 979 419479 0 2623 2 0 1 0 SUPREME BUILDING MAINTENANCE 4735 37TH STREET SW DELANO MN 55328 CUSTODIAL SERVICES 195097 FIRST IMPRESSION GROUP 2700 BLUE WATER ROAD EAGAN MN 55121 PRINTING SERVICES 151579 SD&A TELESERVICES 5757 W CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 TELEMARKETING SERVICES 141046 INTERNATIONAL CREATIVE MANAGEMENT 730 FIFTH AVENUE 3RD FLOOR NEW YORK NY 10019 AGENT FOR VARIOUS ARTISTS 109917 4 333355 513204 4066482 345462 4913041 TICKET REVENUE 711110 4703406 4703406 EDUCATION & OUTREACH REVENUE 711110 643240 643240 TICKET SERVICE CHARGES 711110 510370 510370 PLAYS FOR YOUNG AUDIENCE 711110 320178 320178 RENTAL INCOME 711110 224786 224786 217774 217774 6619754 192910 192910 25669 25669 240485 333355 165632 74853 74853 KIOSK REVENUE 453220 117746 117746 117746 11943973 6619754 117746 293432 448192 227207 220985 5372637 4197787 731746 443104 92920 92920 259295 213720 29402 16173 606116 497169 71409 37538 679 679 25450 25450 38133 38133 422439 175870 243470 3099 450195 49009 344143 57043 380304 268998 91300 20006 1113854 1063277 33718 16859 200531 186342 13994 195 158974 158974 948503 877520 44769 26214 GUEST ARTISTS 964012 964012 PRODUCTION SUPPLIES 219913 219913 DUES & SUBSCRIPTIONS 109448 17575 86354 5519 263614 36420 167030 60164 12075209 9087739 2263423 724047 628295 520400 2619329 2084982 97752 56821 12370 7568 398614 530272 25286905 9491537 16418560 15795368 9321486 10336602 389002 409310 29885408 29741323 504701 532775 1410860 1462760 900000 900000 2239216 2149453 31516 0 5086293 5044988 X 11307741 10585759 4627086 4425627 8864288 9684949 24799115 24696335 29885408 29741323 X -131236 609 27847 X 0 1 X 1 0 X 5728413 5151035 4219799 6150222 4913041 26162510 5798112 5816746 6154861 6577978 6860239 31207936 11526525 10967781 10374660 12728200 11773280 57370446 205062 226469 273828 1074883 491158 2271400 0 205062 226469 273828 1074883 491158 2271400 55099046 159314 186419 263776 223576 218579 1051664 159314 186419 263776 223576 218579 1051664 7382 4947 12329 102326 115178 263291 480795 11795547 11269378 10901727 12956723 11991859 58915234 0.93520 0.93800 0.01790 0.01840 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2010 AMOUNT: $ 102,326. 2011 AMOUNT: $ 115,178. 2012 AMOUNT: $ 263,291. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10483240 820661 187553 450000 11041454 7433166 2306221 1193853 450000 10483240 6406466 607380 756405 337085 7433166 5789368 812300 141883 337085 6406466 4741347 521350 826671 300000 5789368 0.00510 0.87710 0.11780 0 0 22719878 7610056 15109822 2567027 1881481 685546 15795368 X 11972429 609 27847 28456 11943973 0 11943973 12075209 0 12075209 0 12075209 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED TO SUPPORT THE PROGRAMS AND FACILITIES OF THE ORGANIZATION. PART X, LINE 2: THE THEATRE IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VIII), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(2). THE THEATRE IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE THEATRE IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSE. THE THEATRE FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. THE THEATRE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE THEATRE WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. THE THEATRE'S FORM 990-T AND OTHER INCOME TAX FILINGS REQUIRED BY STATE, LOCAL, OR OTHER NON-U.S. TAX AUTHORITIES ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR THE YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 27,847. X 1 BENNETT DIRECT 231 EAST BUFFALO STREET SUITE 200 MILWAUKEE WI 53202 TELEFUNDRAISING 0 71941 38133 33808 71941 38133 33808 MN CURTAIN CALL BALL 517090 284355 232735 35659 35078 77003 SPRING EVENT 56750 49000 7750 15854 2038 573840 333355 240485 35659 50932 79041 165632 74853 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 TIMOTHY JENNINGS MANAGING DIRECTOR 213168 0 0 0 0 0 0 0 2170 0 215338 0 0 0 PETER BROSIUS ARTISTIC DIRECTOR 206311 0 0 0 0 0 0 0 1505 0 207816 0 0 0 PART I, LINE 1A PETER BROSIUS, ARTISTIC DIRECTOR, HAS A DISCRETIONARY $10,000 TO BE USED FOR BUSINESS PURPOSES. AN ACCOUNTING OF THESE EXPENDITURES IS REVIEWED BY THE BOARD OF DIRECTORS. A CITY OF MINNEAPOLIS 416005375 603786EL4 2003-12-19 10000000 ACQUISITION, CONSTRUCTION, AND INSTALLATION OF AN ADDITION TO THE THEATRE. 0 0 0 A 4100000 5000000 5000000 2005 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF MINNEAPOLIS DATE THE REBATE COMPUTATION WAS PERFORMED: 02/14/2014 SUPPLEMENTAL INFORMATION: THE ORGANIZATION'S BOND DOCUMENTS INDICATE $10,000,000 WAS AUTHORIZED; HOWEVER, IT WAS DETERMINED THAT THE MAXIMUM AMOUNT TO BE ISSUED WAS $5,100,000. THIS WAS BASED ON COMPLETION STATUS OF THE PROJECT AND THE TIMING OF GIFTS AND PLEDGES SECURED BY THE ORGANIZATION. X 13 289447 FMV X 1 895 FMV X AIRFARE VOUCHERS 1 50120 FMV X LOBBY DISPLAYS 1 5000 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE RESPONSIBILITY AND AUTHORITY TO PROVIDE OPERATIONAL GUIDANCE TO THE CORPORATION. IN THE EVENT OF AN EMERGENCY, OR BECAUSE OF THE TIMING OF THE NEXT BOARD OF GOVERNORS MEETING, THE EXECUTIVE COMMITTEE MAY EXERCISE ANY OF THE GENERAL POWERS OR DUTIES OF THE BOARD OF GOVERNORS, WITH THE EXCEPTIONS THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE POWER TO MAKE OR AMEND THE BYLAWS OF THE CORPORATION, ELECT MEMBERS OF THE BOARD OF GOVERNORS OR TO CHANGE THE MEMBERSHIP OF, OR TO FILL THE VACANCIES ON, THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MAY INVITE MEMBERS OF THE BOARD OF GOVERNORS TO PARTICIPATE IN EXECUTIVE COMMITTEE MEETINGS ON A NON-VOTING BASIS, AS SPECIFIC CIRCUMSTANCES REQUIRE. IF THE EXECUTIVE COMMITTEE EXERCISES ANY OF THE GENERAL POWERS OR DUTIES OF THE BOARD OF GOVERNORS, THE EXECUTIVE COMMITTEE SHALL PRESENT SUCH ACTION AT THE NEXT BOARD OF GOVERNORS MEETING FOR RATIFICATION BY THE FULL BOARD OF GOVERNORS. THE EXECUTIVE COMMITTEE MAY BE COMPRISED OF THE CHAIRPERSON, VICE CHAIRPERSON, SECRETARY, AND TREASURER, TOGETHER WITH AN ANNUAL FUND STEERING COMMITTEE CO-CHAIR, ONE OR MORE COMMITTEE CHAIRS AS APPOINTED BY THE BOARD CHAIRPERSON, AND TWO OR MORE "AT LARGE" MEMBERS SELECTED FROM AMONG THE MEMBERS OF THE BOARD OF GOVERNORS, AND THE ARTISTIC AND MANAGING DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 MARK PRICE AND RALPH CHU HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED FOR THE FOLLOWING: ARTICLE III, NUMBER 3, LETTER E: THE CHAIRPERSON OF THE MINNEAPOLIS INSTITUTE OF ARTS NO LONGER HAS THE ABILITY TO NOMINATE A BOARD MEMBER. ARTICLE III, NUMBER 3, LETTER F: THE CHAIRPERSON OF THE MINNESOTA COLLEGE OF ART AND DESIGN NO LONGER HAS THE ABILITY TO NOMINATE A BOARD MEMBER. ARTICLE V, NUMBER 2: TERMS FOR OFFICERS WERE AMENDED TO ALLOW OFFICERS TO SERVE NOT MORE THAN TWO SUCCESSIVE TWO-YEAR TERMS IN THE SAME OFFICE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY THE BOARD CHAIR AND TREASURER. IT WAS PRESENTED AT A FINANCE COMMITTEE MEETING AND APPROVED. IT WAS ALSO ELECTRONICALLY SENT TO THE ENTIRE BOARD OF GOVERNORS BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C NEW EMPLOYEES RECEIVE THE CONFLICT OF INTEREST POLICY IN THEIR EMPLOYEE HANDBOOK. THEY ARE REQUIRED TO COMPLETE A FORM THAT ACKNOWLEDGES THAT THEY HAVE READ THE POLICIES AND UNDERSTAND THEM. THE SIZE OF THE ORGANIZATION ALSO LENDS ITSELF TO QUICK RECOGNITION OF SITUATIONS WHERE A CONFLICT OF INTEREST MAY ARISE. EACH BOARD MEMBER COMPLETES AN ANNUAL RELATED PARTY QUESTIONNAIRE AS PART OF THE AUDIT PROCESS AND DISCLOSES ANY CONFLICTS OF INTEREST THEY MAY HAVE. IN THE EXERCISE OF ANY VOTING RIGHTS, WHETHER AS A MEMBER OF THE BOARD OF GOVERNORS, AN OFFICER, OR IN ANY OTHER CAPACITY RELATING TO THIS CORPORATION, NO INDIVIDUAL SHALL VOTE ON ANY ISSUE, MOTION, RESOLUTION OR ANY OTHER ITEM WHATSOEVER WHICH DIRECTLY OR INDIRECTLY INURES TO THE BENEFIT OF SUCH INDIVIDUAL ("INTERESTED PARTY"); PROVIDED, HOWEVER, THAT EXCEPT AS OTHERWISE DETERMINED FROM TIME TO TIME BY A MAJORITY OF THE MEMBERS OF THE BOARD OF GOVERNORS, NOT INCLUDING THE INTERESTED PARTY, THE INTERESTED PARTY MAY PARTICIPATE IN A DISCUSSION OF SUCH ISSUE, MOTION, RESOLUTION, OR ITEM AT ANY MEETING OF THE MEMBERS OF THE BOARD OF GOVERNORS OR ANY COMMITTEE THEREOF, IF THE INTERESTED PARTY FIRST MAKES A FULL AND ADEQUATE DISCLOSURE OF ALL MATERIAL FACTS CONCERNING THE NATURE OF THE INTERESTED PARTY'S INTEREST TO THE MEETING AT WHICH THE DISCUSSION IS OCCURRING AND TO THE CHAIR OF THE BOARD OF GOVERNORS, THE ARTISTIC DIRECTOR AND THE MANAGING DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS ISSUES THE CONTRACTS FOR THE ARTISTIC DIRECTOR AND THE MANAGING DIRECTOR. THE COMPENSATION PACKAGES ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE SALARY SURVEY ISSUED BY THEATRE COMMUNICATION GROUP IS USED FOR DETERMINING COMPENSATION LEVELS. THE COMMITTEE ALSO LOOKS AT THE COMPENSATION REPORTED ON THE FORM 990'S OF SIMILARLY SIZED ORGANIZATIONS. THE MANAGING DIRECTOR'S CONTRACT WAS REVIEWED 1/17/14 AND THE ARTISTIC DIRECTOR'S CONTRACT WAS REVIEWED 10/30/13. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ANNUAL REPORT IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 27,847. CHARITABLE REMAINDER UNITRUST 601 CARLSON PARKWAY STE 500 MINNETONKA MN 55305 BENEFICIAL INTEREST IN CRT MN N/A T 328093 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0