2015-07-09T10:27:55-05:00 2014-08-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2013-09-01 510149370 STEPPENWOLF THEATRE COMPANY STEP 3126545642 1700 N HALSTED STREET CHICAGO IL 60614 PAUL GOODRICH TREASURER 3126545642 2015-07-06 1 LU ANN TRAPP P01506476 3122071040 2015-07-06 2013 2016-02-25 16:41:14Z NORA DALEY 1700 N HALSTED STREET CHICAGO IL 60614 23159579 0 X WWW.STEPPENWOLF.ORG X 1975 IL PROVIDE THEATRICAL LEARNING OPPORTUNITIES FOR AUDIENCES THAT SPUR CIVIC CONVERSATION. 53 52 403 1016 1090399 144717 11030132 10266669 7526387 7937952 924898 1597287 -116409 -174860 19365008 19627048 0 0 0 0 8479385 8741466 125000 96041 1829235 6976966 7376868 15581351 16214375 3783657 3412673 50694769 55517854 24115370 23672729 26579399 31845125 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 1976 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 11492725 6672112 THEATRE PROGRAMS: PRODUCING PROGRAMMING TO EDUCATE THE PUBLIC BY ENGAGING THEM IN THE THEATRICAL PERFORMANCES, DISCUSSIONS, EVENTS, AND WORKSHOPS. PROGRAMMING INCLUDED 17 PRODUCTIONS, 633 PERFORMANCES, AND NUMEROUS EVENTS AND WORKSHOPS. 11492725 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 1 170 0 1 403 1 1 1 0 0 0 0 1 1 0 0 0 0 X 53 52 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 2.00 X X 251985 0 71355 SARAH BEARDSLEY TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL W BENDER 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 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 JANET MELK TRUSTEE 5.00 0.00 X 0 0 0 DAVID E MENDELSOHN 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 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 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 251754 0 73601 SANDRA KARUSCHAK DIRECTOR OF DEVELOPMENT 40.00 0.00 X 142910 0 13669 DAVID SCHMITZ MANAGING DIRECTOR 40.00 0.00 X 107816 0 18779 754465 0 177404 4 0 1 0 NORCON INC 661 W OHIO STREET CHICAGO IL 60654 CONTRACTOR SERVICES 2716153 WESTSIDE MECHANICAL 2007 CORPORATE LANE NAPERVILLE IL 60563 HVAC CONTRACTOR 268418 WILLIAM BLAIR & CO 222 W ADAMS STREET CHICAGO IL 60606 INVESTMENT MANAGEMENT 263782 ADRIAN SMITH & GORDON GILL ARCHITECTURE 111 W MONROE STREET CHICAGO IL 60603 ARCHITECTURE SERVICES 188500 CHARLES R FELDSTEIN & CO 400 N MICHIGAN AVENUE CHICAGO IL 60611 PROFESSIONAL FUNDRAISING 114582 5 1313532 45000 8908137 656311 10266669 SUBSCRIPTION REVENUE 711110 5261091 5261091 TICKET REVENUE 711110 1030236 1030236 COSTUME SALES/RENTALS 711110 960411 960411 PARKING INCOME 711110 202498 202498 TICKET HANDLING INCOME 711110 139922 139922 343794 226126 117668 7937952 676262 676262 11410 11410 79515 0 79515 79515 79515 3648502 2651103 76374 997399 -76374 921025 921025 240142 1313532 532984 -292842 -292842 295423 272070 23353 11033 12320 MISCELLANEOUS INCOME 900099 3704 3704 3704 19627048 6672112 1090399 1597868 938922 321225 384745 232952 6242767 4555123 1045808 641836 236917 205398 14432 17087 728290 567973 89650 70667 594570 441894 92061 60615 12519 12519 47700 47700 96041 96041 234719 234719 794193 584614 37042 172537 930009 866191 2148 61670 479694 287696 141972 50026 103503 42527 19025 41951 407728 407728 648848 442623 171378 34847 520979 398873 32665 89441 26386 13990 11841 555 304933 23788 250367 30778 1241614 931211 124161 186242 108460 81345 10846 16269 PRODUCTION MATERIALS 907047 907047 EQUIPMENT - MAINTENANCE 252237 161973 81305 8959 BANK FEES 227115 172987 26315 27813 129184 78519 61716 -11051 16214375 11492725 2892415 1829235 1504736 2359844 1502075 203769 6486956 9705472 143946 166803 9200 6675 945935 1013547 28981972 12222071 16899062 16759901 22917521 25011878 285338 289965 50694769 55517854 1650943 1155343 3595325 3113521 17000000 17000000 1869102 2403865 24115370 23672729 X 10788083 12190174 7653967 11517602 8137349 8137349 26579399 31845125 50694769 55517854 X 3412673 2110287 -257234 X 0 1 X 1 0 X 6948499 5615293 4981943 11030132 10266669 38842536 6948499 5615293 4981943 11030132 10266669 38842536 3260647 35581889 756576 1482541 2284293 1284670 1865084 7673164 68495 4670 36758 39586 3704 153213 46668913 36273430 0.76240 0.88310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11609341 77240 2056260 608398 13134443 10871448 1297762 559869 11609341 10446672 -25 906986 482185 10871448 9470983 84718 890971 10446672 8563040 460000 447943 9470983 0.25800 0.62000 0.12200 1 0 4055840 4055840 19156372 9012925 10143447 4684248 2747358 1936890 1085512 461788 623724 16759901 ANNUITIES PAYABLE CURRENT 53346 ANNUITIES PAYABLE LONG-TERM 41400 DUE TO AFFILIATE 2011000 FAIR VALUE OF INTEREST RATE SWAP 298119 2403865 X 22961120 2110287 167210 1214920 3492417 19468703 234719 -76374 158345 19627048 17144442 167210 997576 1164786 15979656 234719 234719 16214375 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, 2014. MANAGEMENT BELIEVES THE THEATRE IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR PERIODS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 532,984. COST OF GOODS SOLD 272,070. CONSOLIDATED STATEMENTS - REVENUE OF AFFILIATED ORGANIZATION 409,866. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF EQUIPMENT -76,374. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 532,984. COST OF GOODS SOLD 272,070. CONSOLIDATED STATEMENTS - EXPENSES OF AFFILIATED ORGANIZATION 116,148. LOSS ON SALE OF EQUIPMENT 76,374. 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 3958434 96041 3862393 3958434 96041 3862393 IL GALA 1252041 1099819 152222 128012 323507 WOMEN IN THE ARTS 129460 113660 15800 30570 2 172173 100053 72120 1078 49817 1553674 1313532 240142 129090 403894 532984 -292842 FORM 990, SCHEDULE G, PART I, LINE 2B 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 236485 0 0 0 15500 0 59007 0 12348 0 323340 0 15500 0 DAVID HAWKANSON EXECUTIVE DIRECTOR 236254 0 0 0 15500 0 59007 0 14594 0 325355 0 15500 0 SANDRA KARUSCHAK DIRECTOR OF DEVELOPMENT 142910 0 0 0 0 0 0 0 13669 0 156579 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 2013 FORM W-2. $15,500 OF THIS DISTRIBUTION HAD BEEN PREVIOUSLY ACCRUED AND REPORTED ON THE PRIOR 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 $43,507 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 6675 0 1 1 6675 0 X 29 392375 FAIR MARKET VALUE X 1 77240 FAIR MARKET VALUE X 2 28750 FAIR MARKET VALUE X AIRFARE 1 140000 FAIR MARKET VALUE X HOTEL 2 17946 FAIR MARKET VALUE 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 -255,514. ANNUAL FUND WRITE OFF -1,720. 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 0 STEPPENWOLF FOUNDATION I E 17000000 LOAN DOCUMENT STEPPENWOLF FOUNDATION II E 17000000 LOAN DOCUMENT 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.