2016-05-12T15:27:56-05:00 2015-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2015-01-01 133499385 HUDSON VALLEY SHAKESPEARE FESTIVAL INC HUDS 8458095750 143 MAIN STREET COLD SPRING NY 10516 ROBIN SHELBY ARDITI PRESIDENT 8458095750 2016-05-12 1 GARRETT M HIGGINS P00543209 9143818900 2016-05-12 2015 2016-09-27 15:27:22Z X ROBIN SHELBY ARDITI 143 MAIN STREET COLD SPRING NY 10516 3316011 0 X HVSHAKESPEARE.ORG X 1988 NY THE HUDSON VALLEY SHAKESPEARE FESTIVAL ENGAGES THE WIDEST POSSIBLE AUDIENCE IN A FRESH CONVERSATION ABOUT WHAT IS ESSENTIAL IN SHAKESPEARE'S PLAYS. 22 22 161 25 33881 -1750 977855 1222031 1518951 1552608 20824 23642 91042 84127 2608672 2882408 0 0 0 0 1479221 1643906 0 0 153770 1100729 1099224 2579950 2743130 28722 139278 1409112 1514564 49915 52609 1359197 1461955 X THE HUDSON VALLEY SHAKESPEARE FESTIVAL ENGAGES THE WIDEST POSSIBLE AUDIENCE IN A FRESH CONVERSATION ABOUT WHAT IS ESSENTIAL IN SHAKESPEARE'S PLAYS. OUR THEATER LIVES IN THE HERE AND NOW, AT THE INTERSECTION BETWEEN THE VIRTUOSITY OF THE ACTOR, THE IMAGINATION OF THE AUDIENCE, AND THE INSPIRATION OF THE TEXT. 0 0 1825402 1419171 HVSF MAKES ITS HOME UNDER A SPECIALLY DESIGNED, 540-SEAT, OPEN-AIR TENTTHEATER ON THE GROUNDS OF HISTORIC BOSCOBEL HOUSE AND GARDENS ON THEBANKS OF THE HUDSON RIVER. IN 2015, HVSF PRESENTED FOUR SHOWS INREPERTORY -- SHAKESPEARE'S "A MIDSUMMER NIGHT'S DREAM AND "THE WINTER'S TALE" AS WELL AS "ARABIAN NIGHTS" ADAPTED BY MARY ZIMMERMAN, AND "AN ILIAD" ADAPTED BY LISA PETERSON AND DENNIS O'HARE -- TO OVER 37,000 PEOPLE. HVSF ALSO OFFERED AN 18-WEEK CONSERVATORY COMPANY ACTING TRAINING PROGRAM FOR SEVEN POST-GRADUATE STUDENTS WHICH INCLUDED THE OPPORTUNITY TO PLAY ROLES IN THE SEASON, DEDICATED COURSES AND TRAINING, AND THE PRESENTATION OF A PRODUCTION OF "THE TEMPEST." HVSF ALSO TOOK "AN ILIAD AND "THE TEMPEST" ON TOUR TO VENUES THROUGHOUT THE HUDSON VALLEY. 285817 127052 THIS WAS THE 21ST YEAR OF HVSF'S WELL-ESTABLISHED AND HIGHLY REGARDEDEDUCATION PROGRAM, WHICH REACHED OVER 48,000 STUDENTS IN 50 SCHOOLS INTHE TRI-STATE AREA IN 2015. IT OFFERED A DIVERSE RANGE OF IN-SCHOOLPROGRAMS AND WORKSHOPS, A FULLY-STAGED, 90-MINUTE TOURING PRODUCTION OFSHAKESPEARE'S "MACBETH" FOR MIDDLE AND HIGH SCHOOL STUDENTS, A FULLY-STAGED TOUR OF "FAIRY TALES" FOR ELEMENTARY SCHOOL STUDENTS, AS WELL AS PROFESSIONAL DEVELOPMENT FOR TEACHERS, PRE-PERFORMANCE OUTREACH ACTIVITIES, AND POST-PERFORMANCE TALKBACKS. 69295 37790 HVSF OFFERED A SERIES OF FOUR DEVELOPMENTAL THEATER WORKS DURING THESUMMER SEASON TITLED "HVSF2; A STAGED READING OF "SUSPENSE!" A DOUBLE BILL OF "THE HITCHHIKER AND "SORRY, WRONG NUMBER" BY LUCILLE FLETCHER FOR HALLOWEEN ALONG WITH A WORLD PREMIERE PERFORMANCE OF A NEWLY COMMISSIONED PLAY "NORTHERN LIGHTS" ADAPTED FROM HANS CHRISTIAN ANDERSEN BY MONA SMITH, FOR THE HOLIDAY SEASON. 2180514 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 161 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X LINDA PATTERSON 8458095750 143 MAIN STREET COLD SPRING NY 10516 ROBIN SHELBY ARDITI PRESIDENT 15.00 X X 0 0 0 LAURA JEAN WILSON VICE PRESIDENT 5.00 X X 0 0 0 FREDERIC W COOK SECRETARY 5.00 X X 0 0 0 LESLIE G KELLEY TREASURER 7.00 X X 0 0 0 PATRICIA KING DIRECTOR 2.00 X 0 0 0 SUZANNE BAKER DIRECTOR 2.00 X 0 0 0 ELIZABETH A BARRETT DIRECTOR 2.00 X 0 0 0 ANDREW CHMAR DIRECTOR 4.00 X 0 0 0 LAURA CARMODY CUMMING DIRECTOR 2.00 X 0 0 0 HEIDI ETTINGER DIRECTOR 4.00 X 0 0 0 SARAH GEER DIRECTOR THRU FEBRUARY 2015 2.00 X 0 0 0 HEATHER HOPKINS DIRECTOR 4.00 X 0 0 0 SAMANTHA KAPPAGODA DIRECTOR THRU FEBRUARY 2015 2.00 X 0 0 0 DANIEL KRAMER DIRECTOR 4.00 X 0 0 0 CARL LOEWENSON DIRECTOR 2.00 X 0 0 0 JOSEPH C MAHON DIRECTOR 2.00 X 0 0 0 MELISSA MEYERS DIRECTOR THRU MARCH 2015 2.00 X 0 0 0 NAT PRENTICE DIRECTOR 4.00 X 0 0 0 VIVIAN SHANNON DIRECTOR 2.00 X 0 0 0 FREDERIC RICH DIRECTOR 4.00 X 0 0 0 BYRON STINSON DIRECTOR 2.00 X 0 0 0 DR ELLIOT SUMMERS DIRECTOR 2.00 X 0 0 0 EDWARD B WHITNEY DIRECTOR 2.00 X 0 0 0 KRISTIN VAN OGTROP DIRECTOR 2.00 X 0 0 0 MARY ELIZABETH BUNZEL DIRECTOR 4.00 X 0 0 0 LINDA PATTERSON FINANCE DIRECTOR 40.00 X 76120 0 4633 KATE LIBERMAN MANAGING DIRECTOR AS OF MARCH 2015 60.00 X 75181 0 3742 151301 0 8375 0 0 0 0 0 153500 91600 976931 22504 1222031 ADMISSIONS 711190 1425555 1425555 TOURING SHOW 611600 41590 41590 WORKSHOPS 611600 33835 33835 SUMMER CAMP TUITION 611600 22153 22153 EDUCATION PROGRAM 611600 20275 20275 9200 9200 1552608 16760 16760 227 0 227 227 227 285444 278562 6882 6882 6882 32700 153500 81935 -49235 -49235 22698 3872 18826 18826 100639 69234 31405 31405 FACILITIES FEES 900099 45823 45823 ADVERTISEMENTS 541800 33881 33881 MISCELLANEOUS 900099 3200 3200 82904 2882408 1584013 33881 42483 159675 127740 23951 7984 1193419 954735 179013 59671 17286 13829 2593 864 82400 65920 12360 4120 191126 152901 28669 9556 12275 9820 1841 614 90782 72625 13618 4539 22705 18164 3406 1135 89130 67160 12593 9377 24205 14828 2780 6597 31252 25001 4688 1563 164813 131850 24722 8241 73888 59111 11083 3694 11125 8900 1669 556 93161 74529 13974 4658 51241 40993 7686 2562 TEMPORARY ROOM & BOARD 116247 92998 17437 5812 PRODUCTION EQUIPMENT 72767 58214 10915 3638 PRODUCTION EXPENSE 68946 55157 10342 3447 ADMISSION EXPENSES 51155 40924 7673 2558 125532 95115 17833 12584 2743130 2180514 408846 153770 355071 448490 27145 44574 24740 7638 18215 19581 1195450 765886 505996 429564 468866 551125 9079 13592 1409112 1514564 49915 48759 3850 49915 52609 X 1267242 1362075 91955 99880 1359197 1461955 1409112 1514564 X 139278 -27918 -8602 X X 0 1 X 1 0 X 679788 700969 769775 977855 1222031 4350418 1234462 1426928 1492988 1627514 1653247 7435139 1914250 2127897 2262763 2605369 2875278 11785557 95296 93073 98867 111532 274425 673193 0 95296 93073 98867 111532 274425 673193 11112364 14283 15963 17686 21657 16987 86576 14283 15963 17686 21657 16987 86576 180050 205719 205246 70098 82904 744017 2108583 2349579 2485695 2697124 2975169 12616150 0.88080 0.88740 0.00690 0.00710 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 3,200. CONCESSIONS STAND - 2011 AMOUNT: $ 82,068. 2012 AMOUNT: $ 100,916. 2013 AMOUNT: $ 110,786. ADVERTISING IN PLAY PROGRAM - 2011 AMOUNT: $ 37,297. 2012 AMOUNT: $ 40,333. 2013 AMOUNT: $ 35,914. 2014 AMOUNT: $ 37,215. 2015 AMOUNT: $ 33,881. FACILITIES FEES - 2011 AMOUNT: $ 30,027. 2012 AMOUNT: $ 30,334. 2013 AMOUNT: $ 32,755. 2014 AMOUNT: $ 32,883. 2015 AMOUNT: $ 45,823. PICNIC DINNERS - 2011 AMOUNT: $ 30,658. 2012 AMOUNT: $ 34,136. 2013 AMOUNT: $ 25,791. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1195450 765886 429564 429564 X 2992074 -27918 42300 155041 169423 2822651 59757 59757 2882408 2889316 42300 155041 197341 2691975 51155 51155 2743130 PART X, LINE 2: HSVF RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT HSVF HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. HVSF IS NO LONGER SUBJECT TO EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON PART VIII, LINE 8B 81,935. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 7B 69,234. GAMING EXPENSES REPORTED ON PART VIII, LINE 9B 3,872. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROCESSING FEES REPORTED ON PART IX, LINE 11G 51,155. LOSS ON DISPOSAL 8,602. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON PART VIII, LINE 8B 81,935. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 7B 69,234. GAMING EXPENSES REPORTED ON PART VIII, LINE 9B 3,872. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROCESSING FEES REPORTED ON PART IX, LINE 11G 51,155. SPRING BENEFIT 186200 153500 32700 25149 36703 12000 8083 186200 153500 32700 25149 36703 12000 8083 81935 -49235 22698 2620 1252 0 22698 2620 1252 3872 18826 0 HVSF IS NOT REQUIRED TO REGISTER IN THE STATE OF NEW YORK BECAUSE THEY ARE BELOW THE $30,000 NET GAMING REVENUE THRESHOLD. 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 HUDSON VALLEY SHAKESPEARE FESTIVAL INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT AND THE BOARD MONITORS COMPLIANCE AND FOLLOWS UP TO MAKE SURE THAT ALL APPLICABLE PERSONS COMPLETE THE REQUIRED DISCLOSURE FORMS. EACH BOARD MEMBER ALSO UNDERTAKES TO NOTIFY THE PRESIDENT OR SECRETARY OF HVSF IF HE OR SHE BECOMES AWARE OF ANY RELATIONSHIP OR SITUATION THAT MIGHT RESULT IN, OR GIVE THE APPEARANCE OF BEING, A CONFLICT OF INTEREST. THE DIRECTOR, OFFICER OR KEY EMPLOYEE WHO DISCLOSED THE INTEREST IN A PROPOSED OR EXISTING RELATED PARTY TRANSACTION MAY MAKE A PRESENTATION TO AND RESPOND TO QUESTIONS BY THE AUDIT COMMITTEE OR BOARD OF DIRECTORS BUT MAY NOT ATTEMPT TO INFLUENCE IMPROPERLY THE DELIBERATION OR VOTING ON THE MATTER. AFTER SUCH PRESENTATION THEY MUST LEAVE THE MEETING DURING DELIBERATION & VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE POLICY FOR DETERMINING TOP MANAGEMENT COMPENSATION WAS VOTED BY THE BOARD AS A PART OF THE "ROLE OF COMMITTEES" DOCUMENT. IT WAS LAST USED IN 2015 TO DETERMINE BONUS COMPENSATION FOR THE ARTISTIC DIRECTOR AND THE MANAGING DIRECTOR. THIS POLICY WAS LAST REVISED AND APPROVED AT THE FEBRUARY 6TH, 2016 BOARD MEETING. WITHOUT LIMITING THE FOREGOING, IT SHALL BE THE EXECUTIVE COMMITTEE'S RESPONSIBILITY TO EVALUATE THE PERFORMANCE AND THE COMPENSATION OF THE ARTISTIC DIRECTOR AND THE MANAGING DIRECTOR ON AN ANNUAL BASIS, SUCH EVALUATIONS TO TAKE PLACE IN EXECUTIVE SESSION. IN ADDITION, AS PART OF ANNUAL BUDGET PROCESS, THE ARTISTIC DIRECTOR AND THE MANAGING DIRECTOR SHALL SHARE BUDGETED STAFF COMPENSATION PLANS FOR THE FORTHCOMING YEAR. THE EXECUTIVE COMMITTEE MAY ESTABLISH A COMPENSATION SUBCOMMITTEE TO ASSIST IT IN MEETING ITS RESPONSIBILITIES FOR REVIEWING AND RECOMMENDING THE COMPENSATION AND BENEFITS OF THE ARTISTIC DIRECTOR AND THE MANAGING DIRECTOR TO THE BOARD. THE RESPONSIBILITIES OF THE SUBCOMMITTEE SHALL CONSIST OF PROVIDING INFORMATION AND RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE WITH RESPECT TO (1) SELECTION OF AN APPROPRIATE PEER GROUP FOR BENCHMARK COMPARISON PURPOSES, (2) A STRATEGY FOR COMPARING OUR AD/MD COMPENSATION TO ONE ANOTHER AND TO THE PEER GROUP OVER TIME, (3) DEFINING "COMPENSATION AND BENEFITS", (4) COMPARING OUR COMPENSATION TO REPORTED COMPENSATION FOR LIKE POSITIONS AMONG THE PEER GROUP, (5)OVERSEEING FORM 990 REPORTING WITH RESPECT TO MANAGEMENT COMPENSATION, AND (6)EMPLOYMENT AGREEMENT MATTERS. ALL ACTION BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED AT THE NEXT BOARD MEETING, EXCEPT THAT ARTISTIC DIRECTOR AND MANAGING DIRECTOR PERFORMANCE EVALUATIONS AND COMPENSATION MATTERS SHALL BE DISCUSSED IN EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 143 MAIN STREET, COLD SPRING, NY 10516 OR BY CALLING THE ORGANIZATION DIRECTLY AT (845)809-5750. FORM 990, PART XI, LINE 9: LOSS ON SALE OF EQUIPMENT -8,602. FORM 990, PART XII, LINE 2C: THE HUDSON VALLEY SHAKESPEARE FESTIVAL, INC. HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT AUDITOR. THE POLICY FOR SELECTION AND OVERSIGHT OF THE INDEPENDENT AUDITORS HAS NOT CHANGED SINCE LAST YEAR.