2016-07-07T08:27:58-05:00 2015-08-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2014-09-01 510149370 STEPPENWOLF THEATRE COMPANY STEP 3126545642 1700 N HALSTED STREET CHICAGO IL 60614 PAUL GOODRICH TREASURER 3126545642 2016-06-22 1 LU ANN TRAPP P01506476 3122071040 2016-06-22 2014 2016-09-27 15:27:22Z NORA DALEY 1700 N HALSTED STREET CHICAGO IL 60614 24951688 0 X WWW.STEPPENWOLF.ORG X 1975 IL PROVIDE THEATRICAL LEARNING OPPORTUNITIES FOR AUDIENCES THAT SPUR CIVIC CONVERSATION. 58 57 495 1000 277879 5021 10266669 8069567 7937952 6888588 1597287 2669440 -174860 -146068 19627048 17481527 0 0 0 0 8741466 8703577 96041 99375 1854050 7376868 6956912 16214375 15759864 3412673 1721663 55517854 54784168 23672729 24364543 31845125 30419625 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 44 ARTISTS WHO REPRESENT A REMARKABLE GENERATION OF ACTORS, DIRECTORS, AND PLAYWRIGHTS. 0 0 10971094 6489968 THEATRE PROGRAMS: PRODUCING PROGRAMMING TO EDUCATE THE PUBLIC BY ENGAGING THEM IN THE THEATRICAL PERFORMANCES, DISCUSSIONS, EVENTS, AND WORKSHOPS. PROGRAMMING INCLUDED 13 PRODUCTIONS, 591 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. 10971094 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 58 57 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 BOARD CHAIR 5.00 0.00 X X 0 0 0 ERIC LEFKOFSKY BOARD SECRETARY 5.00 0.00 X X 0 0 0 PAUL GOODRICH BOARD TREASURER 5.00 0.00 X X 0 0 0 MARTHA LAVEY ARTISTIC DIRECTOR 40.00 5.00 X X 285059 0 62033 SARAH BEARDSLEY TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL W BENDER TRUSTEE 5.00 0.00 X 0 0 0 JOHN BENEVIDES TRUSTEE 5.00 0.00 X 0 0 0 HENRY S BIENEN TRUSTEE 5.00 0.00 X 0 0 0 MARLENE BRESLOW-BLITSTEIN TRUSTEE 5.00 0.00 X 0 0 0 CAROLE L BROWN TRUSTEE 5.00 0.00 X 0 0 0 DOUGLAS R BROWN TRUSTEE 5.00 0.00 X 0 0 0 EBS BURNOUGH TRUSTEE 5.00 0.00 X 0 0 0 TERRI L CABLE TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL CAHAN TRUSTEE 5.00 0.00 X 0 0 0 ROBIN TENNANT COLBURN TRUSTEE 5.00 0.00 X 0 0 0 ELIZABETH H CONNELLY TRUSTEE 5.00 0.00 X 0 0 0 KEATING CROWN TRUSTEE 5.00 0.00 X 0 0 0 BETH BOOSALIS DAVIS TRUSTEE 5.00 0.00 X 0 0 0 AMY ESHLEMAN TRUSTEE 5.00 0.00 X 0 0 0 RICH FEITLER TRUSTEE 5.00 0.00 X 0 0 0 JULIETTE FELD TRUSTEE 5.00 0.00 X 0 0 0 D CAMERON FINDLAY TRUSTEE 5.00 0.00 X 0 0 0 NENE FOXHALL TRUSTEE 5.00 0.00 X 0 0 0 LAWRENCE M GILL TRUSTEE 5.00 0.00 X 0 0 0 AIMEE GRAHAM TRUSTEE 5.00 0.00 X 0 0 0 MATTHEW GRAY TRUSTEE 5.00 0.00 X 0 0 0 ROBERT J GREENEBAUM JR TRUSTEE 5.00 0.00 X 0 0 0 CARYN HARRIS TRUSTEE 5.00 0.00 X 0 0 0 JOHN H HART TRUSTEE 5.00 0.00 X 0 0 0 DENNIS D HOWARTER TRUSTEE 5.00 0.00 X 0 0 0 GEORGE A JOSEPH TRUSTEE 5.00 0.00 X 0 0 0 DONNA LA PIETRA TRUSTEE 5.00 0.00 X 0 0 0 MARY LUDFORD TRUSTEE 5.00 0.00 X 0 0 0 LYNN LOCKWOOD MURPHY TRUSTEE 5.00 0.00 X 0 0 0 RONALD J MALLICOAT JR TRUSTEE 5.00 0.00 X 0 0 0 HOLLY MALONEY TRUSTEE 5.00 0.00 X 0 0 0 TARELL ALVIN MCCRANEY TRUSTEE 5.00 0.00 X 0 0 0 JANET MELK TRUSTEE 5.00 0.00 X 0 0 0 DAVID E MENDELSOHN TRUSTEE 5.00 0.00 X 0 0 0 VERETT MIMS TRUSTEE 5.00 0.00 X 0 0 0 L HEATHER MITCHELL TRUSTEE 5.00 0.00 X 0 0 0 CHRISTOPHER M MURPHY TRUSTEE 5.00 0.00 X 0 0 0 YASEN PEYANKOV TRUSTEE 5.00 0.00 X 0 0 0 DAVID C PISOR TRUSTEE 5.00 0.00 X 0 0 0 KENNETH J PORRELLO TRUSTEE 5.00 0.00 X 0 0 0 DEBORAH H QUAZZO TRUSTEE 5.00 0.00 X 0 0 0 MERLE RESKIN TRUSTEE 5.00 0.00 X 0 0 0 RANDALL K ROWE TRUSTEE 5.00 0.00 X 0 0 0 BRUCE SAGAN TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL R SALEM TRUSTEE 5.00 0.00 X 0 0 0 ROBERT SANBORN TRUSTEE 5.00 0.00 X 0 0 0 MANUEL SANCHEZ TRUSTEE 5.00 0.00 X 0 0 0 ELLIOT A STULTZ TRUSTEE 5.00 0.00 X 0 0 0 HARRY J SEIGLE TRUSTEE 5.00 0.00 X 0 0 0 ANNA D SHAPIRO TRUSTEE 5.00 0.00 X 0 0 0 MATTHEW SHAPIRO TRUSTEE 5.00 0.00 X 0 0 0 STEPHANIE B SMITH TRUSTEE 5.00 0.00 X 0 0 0 COLETTE CACHEY SMITHBURG TRUSTEE 5.00 0.00 X 0 0 0 JOHN R WALTER TRUSTEE 5.00 0.00 X 0 0 0 HELEN ZELL TRUSTEE 5.00 0.00 X 0 0 0 DAVID HAWKANSON EXECUTIVE DIRECTOR 40.00 0.00 X 282484 0 64322 SANDY KARUSCHAK DIRECTOR OF DEVELOPMENT 40.00 0.00 X 152969 0 13336 DAVID SCHMITZ MANAGING DIRECTOR 40.00 0.00 X 129727 0 19426 850239 0 159117 4 0 1 0 WILLIAM BLAIR & CO 222 W ADAMS STREET CHICAGO IL 60606 INVESTMENT MANAGEMENT 228727 NORCON INC 661 W OHIO STREET CHICAGO IL 60654 CONTRACTOR SERVICES 194497 WESTSIDE MECHANICAL 2007 CORPORATE LANE NAPERVILLE IL 60563 HVAC CONTRACTOR 127492 3 1242040 132600 6694927 417347 8069567 SUBSCRIPTION REVENUE 711110 5729343 5729343 TICKET REVENUE 711110 241684 241684 TOUR INCOME 711110 211179 211179 COSTUME SALES/RENTALS 711110 195633 195633 PARKING INCOME 711110 194483 194483 316266 242646 73620 6888588 657066 657066 3426 3426 79790 0 79790 79790 79790 8692145 6679459 312 2012686 -312 2012374 2012374 219518 1242040 544650 -325132 -325132 319482 245740 73742 65116 8626 MISCELLANEOUS INCOME 900099 22106 22106 22106 17481527 6489968 277879 2644113 955437 330375 386070 238992 6182979 4424772 1087714 670493 238021 201704 15891 20426 776261 580938 115788 79535 550879 386321 101116 63442 13765 13265 500 50700 50700 99375 99375 228727 228727 714506 608320 40166 66020 1026649 965226 823 60600 500687 316771 133976 49940 161408 66228 29856 65324 377098 377098 605244 421096 152953 31195 587707 468489 25672 93546 14071 5580 8247 244 302609 23747 250395 28467 1143062 857297 114306 171459 118268 88701 11827 17740 PRODUCTION MATERIALS 429689 429689 BANK FEES 234610 186713 18465 29432 EQUIPMENT - MAINTENANCE 232155 173285 52135 6735 UBI TAX 93491 93491 122466 58744 3137 60585 15759864 10971094 2934720 1854050 2359844 5337950 203769 203790 9705472 8374334 166803 105010 6675 4050 1013547 1311267 28863844 12797718 16759901 16066126 25011878 23101838 289965 279803 55517854 54784168 1155343 1201869 3113521 3239050 17000000 17000000 2403865 2923624 23672729 24364543 X 12190174 12316076 11517602 9966200 8137349 8137349 31845125 30419625 55517854 54784168 X 1721663 -2996604 -150559 X 0 1 X 1 0 X 5615293 4981943 11030132 10266669 8069567 39963604 5615293 4981943 11030132 10266669 8069567 39963604 3586339 36377265 1482541 2284293 1284670 1865084 1048242 7964830 4670 36758 39586 3704 22106 106824 48035258 37277039 0.75730 0.76240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13134443 -338831 648088 12147524 11609341 77240 2056260 608398 13134443 10871448 1297762 559869 11609341 10446672 -25 906986 482185 10871448 9470983 84718 890971 10446672 0.25870 0.66990 0.07140 1 0 4055840 4055840 19213086 9857841 9355245 4477240 2455733 2021507 1117678 484144 633534 16066126 ANNUITIES PAYABLE CURRENT 41966 DUE TO AFFILIATE 2432980 FAIR VALUE OF INTEREST RATE SWAP 448678 2923624 X 15692072 -2996604 225504 1210060 -1561040 17253112 228727 -312 228415 17481527 16662042 225504 905401 1130905 15531137 228727 228727 15759864 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, 2015. MANAGEMENT BELIEVES THE THEATRE IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR PERIODS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 544,650. COST OF GOODS SOLD 245,740. CONSOLIDATED STATEMENTS - REVENUE OF AFFILIATED ORGANIZATION 419,670. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF EQUIPMENT -312. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 544,650. COST OF GOODS SOLD 245,740. CONSOLIDATED STATEMENTS - EXPENSES OF AFFILIATED ORGANIZATION 114,699. LOSS ON SALE OF EQUIPMENT 312. X X X X X X X 1 CHARLES R FELDSTEIN & CO 400 N MICHIGAN AVENUE CHICAGO IL 60611 CONSULTING FOR CAPITAL CAMPAIGN - SEE PART IV 0 3019844 99375 2920469 3019844 99375 2920469 IL GALA 1220731 1053644 167087 128073 358685 WOMEN IN THE ARTS 175650 155175 20475 300 30569 1 65177 33221 31956 27023 1461558 1242040 219518 128373 416277 544650 -325132 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE THEATER HIRED CHARLES R. FELDSTEIN & COMPANY AS A CONSULTANT FOR THE CAPITAL CAMPAIGN. THE GROSS RECEIPTS ON SCHEDULE G, PART I, COLUMN (IV) ONLY REFLECT THE CONTRIBUTIONS WITH WRITTEN COMMITMENTS. THERE WERE A SIGNIFICANT AMOUNT OF VERBAL COMMITMENTS IN ADDITION TO THIS AT YEAR END. X X 0 1 0 0 0 0 0 0 0 MARTHA LAVEY ARTISTIC DIRECTOR 269559 0 0 0 15500 0 49901 0 12132 0 347092 0 15500 0 DAVID HAWKANSON EXECUTIVE DIRECTOR 266984 0 0 0 15500 0 49901 0 14421 0 346806 0 15500 0 SANDY KARUSCHAK DIRECTOR OF DEVELOPMENT 152969 0 0 0 0 0 0 0 13336 0 166305 0 0 0 PART I, LINE 4B DAVID HAWKANSON (EXECUTIVE DIRECTOR) AND MARTHA LAVEY (ARTISTIC DIRECTOR) EACH RECEIVED A DISTRIBUTION OF $15,500 FROM A 457(B) RETIREMENT PLAN WHICH WAS REPORTED ON THEIR 2014 FORM W-2. $15,500 OF THIS DISTRIBUTION HAD BEEN PREVIOUSLY ACCRUED AND REPORTED ON THE PRIOR YEAR FORM 990S AS EARNED. FOR THE CURRENT YEAR, DAVID HAWKANSON AND MARTHA LAVEY EACH ALSO ACCRUED $15,500 IN SECTION 457(B) RETIREMENT PLAN BENEFITS AND $34,401 IN SECTION 457(F) RETIREMENT PLAN BENEFITS. 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 4050 0 1 1 4050 X 22 221383 FAIR MARKET VALUE X 2 29264 COST X AIRFARE 1 150000 COST X HOTEL 3 16700 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 -150,559. 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 450000 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.