2015-05-06T13:30:03-05:00 2014-06-30 450250958 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2013-07-01 411254553 CHILDREN'S THEATRE COMPANY AND SCHOOL CHIL 6128740500 2400 3RD AVENUE SOUTH MINNEAPOLIS MN 554043506 TIMOTHY JENNINGS MANAGING DIRECTOR 6128740500 2015-04-29 1 DEB NELSON CPA P01264758 6122536500 2015-04-27 2013 2016-02-25 16:41:14Z TIMOTHY JENNINGS 2400 3RD AVENUE SOUTH MINNEAPOLIS MN 554043506 13062650 0 X WWW.CHILDRENSTHEATRE.ORG X 1975 MN TO CREATE EXTRAORDINARY THEATRE EXPERIENCES THAT EDUCATE, CHALLENGE, AND INSPIRE YOUNG PEOPLE. 58 58 376 254 110874 0 4219799 6150222 5914755 6337073 225939 211576 509437 225590 10869930 12924461 23627 17588 0 0 6127675 6477218 30453 32936 734621 4913813 5272694 11095568 11800436 -225638 1124025 27901849 29885408 5233507 5086293 22668342 24799115 X CHILDREN'S THEATRE COMPANY EXISTS TO CREATE EXTRAORDINARY THEATER EXPERIENCES THAT EDUCATE, CHALLENGE, AND INSPIRE YOUNG PEOPLE. 0 0 7681803 0 5296969 IN OUR 2013-2014 SEASON, WE PROUDLY PRESENTED: GREG BANKS' NEW CHARLOTTE'S WEB, WHICH BROUGHT E.B. WHITE'S TALE OF FRIENDSHIP TO OUR STAGE FOR THE VERY FIRST TIME; THE WORLD PREMIERE OF THE WONG KIDS IN THE SECRET OF THE SPACE CHUPACABRA GO!, A NEW PLAY BY LLOYD SUH, CO-PRODUCED WITH MA-YI THEATER IN NEW YORK; THE WILD, COLORFUL, AND RAUCOUS CINDERELLA, OUR HOLIDAY SHOW; MERMAID THEATRE OF NOVA SCOTIA'S GORGEOUS BLACK LIGHT PUPPET CREATION, THE VERY HUNGRY CATERPILLAR AND OTHER ERIC CARLE FAVORITES; A SECOND WORLD PREMIERE, THE SCARECROW AND HIS SERVANT, ADAPTED BY JEFFREY HATCHER FROM THE NOVEL BY PHILIP PULLMAN; THE BROADWAY SPECTACULAR SHREK THE MUSICAL, DIRECTED BY PETER ROTHSTEIN; THE WORLD PREMIERE OF BARRY KORNHAUSER'S ORIGINAL WORK FOR EARLY LEARNERS, BALLOONACY; AND OUR SUMMER SHOW, DR. SEUSS' THE CAT IN THE HAT, RETURNING TO CTC AFTER AN IMMENSELY SUCCESSFUL RUN IN 2012. THIS UNIQUE MIX OF SHOWS WAS MET WITH SUPPORT FROM BOTH OUR AUDIENCES AND CRITICS. OUR HOLIDAY SHOW, CINDERELLA, WITH NEW CTC ACTING COMPANY MEMBER TRACI ALLEN IN THE TITLE ROLE, REACHED 108% OF ITS REVENUE GOAL. THE WONG KIDS IN THE SECRET OF THE SPACE CHUPACABRA GO! HAD ITS NEW YORK PREMIERE IN JANUARY 2014 AND WENT ON TO WIN BOTH AN OFF BROADWAY ALLIANCE AWARD FOR BEST FAMILY SHOW AND AN AMERICAN ALLIANCE FOR THEATRE EDUCATION DISTINGUISHED PLAY AWARD. 662316 0 601585 IN SEPTEMBER 2013, CTC DEBUTED ACT ONE, A NEW, INSTITUTION-WIDE APPROACH TO DIVERSITY AND INCLUSION. ACT ONE REPRESENTS A LARGE-SCALE PHILOSOPHICAL AND PRACTICAL CHANGE TO CTC'S APPROACH TO ACCESS, ORGANIZED AROUND THREE WORDS OF ACTION: ACCESS, CONNECT, TRANSFORM. IN ADDITION TO PROVIDING A COHESIVE PLATFORM FOR ACCESS, DIVERSITY, AND INCLUSION IN OUR AUDIENCES, OUR PROGRAMS, OUR STAFF, AND OUR BOARD, ACT ONE HAS ALSO TRANSFORMED CTC'S TICKET ACCESS PROGRAMS THROUGH A NEW ACT PASS SYSTEM. THE ACT PASS WELCOMES LOW-INCOME FAMILIES AND INDIVIDUALS TO CTC THROUGH SUSTAINED ENGAGEMENT AND OPEN ACCESS TO LOW-COST TICKETS AND THEATRE ARTS TRAINING TUITION SCHOLARSHIPS. IN OUR FIRST SEASON, 800 FAMILIES WERE ACCEPTED INTO THE ACT PASS PROGRAM AND MORE THAN 60 COMMUNITY SERVING ORGANIZATIONS. THE 2013-2014 PROGRAM YEAR WAS ALSO ONE OF HUGE GROWTH FOR CTC'S EARLY CHILDHOOD INITIATIVE, WHICH AIMS TO BRING HIGH-QUALITY THEATRE EXPERIENCES TO CHILDREN AGES 2-5 AND THEIR CAREGIVERS. NEARLY 5,000 PEOPLE ATTENDED PERFORMANCES OF BALLOONACY, INCLUDING 582 WHO RECEIVED FREE OR LOW-COST TICKETS DUE TO ECONOMIC NEED. CTC ALSO CONTINUED OUR SUCCESSFUL PARTNERSHIP WITH ST. PAUL EARLY CHILDHOOD FAMILY EDUCATION SERVING ESL FAMILIES, BRINGING THEATRE ARTS-BASED RESIDENCIES TO MORE THAN 300 PEOPLE IN THEIR ECFE CLASSROOMS. IN OUR NEIGHBORHOOD BRIDGES PROGRAM IN TWIN CITIES PUBLIC SCHOOLS, CTC TEACHING ARTISTS REACHED A RECORD 667 ELEMENTARY SCHOOL STUDENTS WITH A THEATRE ARTS CURRICULUM DESIGNED TO SUPPORT LANGUAGE AND LITERACY DEVELOPMENT. AT THE CLOSE OF THE PROGRAM YEAR, MORE THAN 2,000 FAMILY MEMBERS AND FRIENDS CAME TO CTC OVER FOUR NIGHTS TO SEE STUDENTS PERFORM THEIR ORIGINAL PLAYS IN THE CROSSING BRIDGES FESTIVAL. CTC ALSO PILOTED A NEW EXTENSION OF OUR NEIGHBORHOOD BRIDGES CURRICULUM SPECIFICALLY FOR KINDERGARTEN STUDENTS THIS YEAR; THE BUILDING BRIDGES KINDERGARTEN PROGRAM SERVED 212 STUDENTS. 416647 17588 438519 OFFERED IN CTC'S MCGUIRE EDUCATION CENTER AND IN OTHER LOCATIONS IN THE COMMUNITY, CTC'S THEATRE ARTS TRAINING (TAT) PROGRAM SERVED 2,412 YOUNG PEOPLE WITH SEQUENCED CLASSES AND SUMMER CAMPS IN A VARIETY OF THEATRE ARTS DISCIPLINES DURING 2013-2014. IN ORDER TO MAKE THESE ARTS EDUCATION OPPORTUNITIES ACCESSIBLE TO ALL, CTC PROVIDED 184 SCHOLARSHIPS TOTALING $17,588 TO TAT STUDENTS. 8760766 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 120 0 1 376 1 1 1 0 0 0 0 1 1 0 0 0 0 X 58 58 1 0 0 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 FRAN DAVIS CHAIR 1.00 X X 0 0 0 LILI HALL VICE CHAIR 1.00 X X 0 0 0 GEORGE E TYSON II TREASURER 1.00 X X 0 0 0 BETSY RUSSOMANNO 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 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 MICHAEL BLUM BOARD MEMBER 1.00 X 0 0 0 TONY BOHMERT BOARD MEMBER 1.00 X 0 0 0 TODD BROOKS BOARD MEMBER 1.00 X 0 0 0 RENEE BURKE BOARD MEMBER 1.00 X 0 0 0 BARBARA BURWELL BOARD MEMBER 1.00 X 0 0 0 JIM CARLSON BOARD MEMBER 1.00 X 0 0 0 Y RALPH CHU BOARD MEMBER 1.00 X 0 0 0 RUSTY COHEN BOARD MEMBER 1.00 X 0 0 0 PAULA COONEY BOARD MEMBER 1.00 X 0 0 0 EVE DEIKEL 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 BRYAN FLEMING BOARD MEMBER 1.00 X 0 0 0 GINA GAGE BOARD MEMBER 1.00 X 0 0 0 RAJIV GARG 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 ED LAGERSTROM 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 SARENA LIN 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 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 RANDY ROSS BOARD MEMBER 1.00 X 0 0 0 BETSY SAGNES BOARD MEMBER 1.00 X 0 0 0 SUZI KIM SCOTT BOARD MEMBER 1.00 X 0 0 0 TARA SUTTON BOARD MEMBER 1.00 X 0 0 0 JEANNE SWEEN BOARD MEMBER 1.00 X 0 0 0 MEREDITH TUTTEROW BOARD MEMBER 1.00 X 0 0 0 DAVID VANBENSCHOTEN BOARD MEMBER 1.00 X 0 0 0 PAT VAYDA BOARD MEMBER 1.00 X 0 0 0 JEFF VONGILLERN BOARD MEMBER 1.00 X 0 0 0 PATRICK B WALSH BOARD MEMBER 1.00 X 0 0 0 LESLIE WRIGHT BOARD MEMBER 1.00 X 0 0 0 TIMOTHY JENNINGS MANAGING DIRECTOR 40.00 X 193485 0 1563 PETER BROSIUS ARTISTIC DIRECTOR 40.00 X 197261 0 2066 JODI GLASER ANNUAL FUND DIRECTOR 40.00 X 112452 0 0 503198 0 3629 3 0 1 0 SUPREME BUILDING MAINTENANCE 4735 37TH STREET SW DELANO MN 55328 CUSTODIAL SERVICES 164080 FIRST IMPRESSION GROUP 2700 BLUE WATER ROAD EAGAN MN 55121 PRINTING SERVICES 151833 SD&A TELESERVICES 5757 W CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 TELEMARKETING SERVICES 126598 INTERNATIONAL CREATIVE MANAGEMENT 730 FIFTH AVENUE 3RD FLOOR NEW YORK NY 10019 AGENT FOR VARIOUS ARTISTS 113777 TESSITURA NETWORK PO BOX 203410 DALLAS TX 75230 SOFTWARE SUPPORT & LICENSING 110586 5 247842 533882 5368498 528692 6150222 TICKET REVENUE 711110 4562978 4562978 EDUCATION & OUTREACH REVENUE 711110 605058 605058 TICKET SERVICE CHARGES 711110 483972 483972 PLAYS FOR YOUNG AUDIENCE 711110 320536 320536 RENTAL INCOME 711110 153213 153213 211316 211316 6337073 211576 211576 12000 12000 240905 247842 138189 102716 102716 KIOSK REVENUE 453220 110874 110874 110874 12924461 6337073 110874 326292 17588 17588 430608 219933 210675 5054557 3946479 650641 457437 76937 76935 2 321358 247514 54362 19482 593758 455449 102824 35485 717 717 34299 34299 32936 32936 388559 89606 273073 25880 439133 32370 351262 55501 399770 272969 102591 24210 1217143 1160190 37969 18984 170356 148519 21776 61 163789 163789 917909 845494 46439 25976 GUEST ARTISTS 953671 953671 PRODUCTION SUPPLIES 233557 233557 DUES & SUBSCRIPTIONS 114312 18551 93344 2417 239479 41941 161286 36252 11800436 8760766 2305049 734621 256375 2080263 628295 1934920 2619329 28602 97752 9498 12370 286788 398614 25122030 8703470 16965916 16418560 5973284 9321486 366203 389002 27901849 29885408 453257 504701 1523064 1410860 900000 900000 2323692 2239216 33494 31516 5233507 5086293 X 12159503 11307741 3384562 4627086 7124277 8864288 22668342 24799115 27901849 29885408 X 1124025 987886 18862 X 0 1 X 1 0 X 3698077 5728413 5151035 4219799 6150222 24947546 4475938 5798112 5816746 6154861 6577978 28823635 8174015 11526525 10967781 10374660 12728200 53771181 98634 205062 226469 273828 1074883 1878876 2149161 2191387 2175843 2755829 1929341 11201561 2247795 2396449 2402312 3029657 3004224 13080437 40690744 183981 159314 186419 263776 223576 1017066 183981 159314 186419 263776 223576 1017066 7382 4947 12329 43842 102326 115178 263291 524637 8401838 11795547 11269378 10901727 12956723 55325213 0.73550 0.73050 0.01840 0.01940 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2009 AMOUNT: $ 43,842. 2010 AMOUNT: $ 102,326. 2011 AMOUNT: $ 115,178. 2012 AMOUNT: $ 263,291. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7433166 2306221 1193853 450000 10483240 6406466 607380 756405 337085 7433166 5789368 812300 141883 337085 6406466 4741347 521350 826671 300000 5789368 4019495 280855 741046 300049 4741347 0.00550 0.84560 0.14890 0 0 22719878 6891202 15828676 2402152 1812268 589884 16418560 ANNUITY PAYABLE 31516 31516 X 13936209 987886 5000 18862 1011748 12924461 0 12924461 11805436 5000 5000 11800436 0 11800436 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 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 18,862. X 1 BENNETT DIRECT 231 EAST BUFFALO STREET SUITE 200 MILWAUKEE WI 53202 TELEFUNDRAISING 0 72881 32936 39945 72881 32936 39945 MN CURTAIN CALL BALL 481052 247842 233210 34023 35053 64383 SPRING EVENT 7695 7695 1809 2921 488747 247842 240905 35832 35053 67304 138189 102716 1 SCHOLARSHIPS FOR THE THEATRE ARTS TRAINING PROGRAM. 184 17588 PART I, LINE 2: THE CHILDREN'S THEATRE COMPANY THEATRE ARTS TRAINING PROGRAM PROVIDES CHALLENGING, INNOVATIVE, HIGH-QUALITY ARTS EDUCATION OPPORTUNITIES TO STUDENTS OF EVERY CULTURAL HERITAGE, ABILITY AND LEVEL OF INTEREST. OUR GOAL IS TO HELP OUR STUDENTS DEVELOP THEIR IMAGINATIONS, VOICES AND BODIES BY TEACHING THEATRE SKILLS THAT HELP THEM GROW - BOTH AS ARTISTS AND AS PEOPLE. THE THEATRE ARTS TRAINING DIRECTOR REVIEWS AND DETERMINES ELIGIBILITY AND HOW MUCH OF THE PROGRAM COSTS WILL BE COVERED BY A SCHOLARSHIP. THE CHILD ATTENDING THE PROGRAM ALONG WITH THEIR PARENTS MUST SIGN A LETTER OF AGREEMENT STATING THEY WILL ADHERE TO THE RULES OF THE PROGRAM AS WELL AS MEET ESTABLISHED DEADLINES FOR COSTS NOT COVERED BY THE SCHOLARSHIP. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 TIMOTHY JENNINGS MANAGING DIRECTOR 193485 0 0 0 0 0 0 0 2139 0 195624 0 0 0 PETER BROSIUS ARTISTIC DIRECTOR 197261 0 0 0 0 0 0 0 2642 0 199903 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 SCHEDULE K, PART IV, LINE 2C FEBRUARY 21, 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 14 475912 FMV X AIRFARE VOUCH 1 49300 FMV X CURTAIN CALL 1 3480 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 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 18,862. CHARITABLE REMAINDER UNITRUST 601 CARLSON PARKWAY STE 500 MINNETONKA MN 55305 BENEFICIAL INTEREST IN CRT MN N/A T 300246 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0