2015-12-23T09:09:48-06:00 2015-06-30 236410283 ISDANER & COMPANY LLC THREE BALA PLAZA SUITE 501 WEST BALA CYNWYD PA 190043484 990 2014-07-01 232798692 LANTERN THEATER COMPANY LANT 2158299002 PO BOX 53428 PHILADELPHIA PA 19105 CHARLES MCMAHON ARTISTIC DIRECTOR 2158299002 2015-12-22 1 EDWARD W DORAN CPA P00841330 6106684200 2014 2016-04-25 22:37:26Z CHARLES MCMAHON PO BOX 53428 PHILADELPHIA PA 19105 943222 0 X WWW.LANTERNTHEATER.ORG X 1994 PA TO PRODUCE THEATRICAL EXPERIENCES, AUDIENCE ENRICHMENT, AND EDUCATION PROGRAMMING THAT BENEFITS AUDIENCES THROUGHOUT THE REGION 15 14 74 400 0 0 1002022 431742 389364 487490 104 402 5384 3806 1396874 923440 0 0 0 0 512379 710350 0 0 74042 422528 430000 934907 1140350 461967 -216910 763720 609886 124711 187787 639009 422099 TO PRODUCE THEATRICAL EXPERIENCES, AUDIENCE ENRICHMENT, AND EDUCATION PROGRAMMING THAT BENEFITS AUDIENCES THROUGHOUT THE REGION. 0 0 764432 467673 DURING THE 2014/15 SEASON, LANTERN THEATER COMPANY ('LTC') PRODUCED FIVE MAINSTAGE PRODUCTIONS THAT CONTINUED ITS COMMITMENT TO CREATING THEATER THAT IS SMART, ENGAGING, AND CONNECTED TO OUR MODERN WORLD. THE SEASON INCLUDED ARCADIA BY TOM STOPPARD, QED BY PETER PARNELL, DOUBT: A PARABLE BY JOHN PATRICK SHANLEY, THE TAMING OF THE SHREW BY WILLIAM SHAKESPEARE, AND STEVEN CANNY AND JOHN NICHOLSON'S ADAPTATION OF SIR ARTHUR CONAN DOYLE'S THE HOUND OF THE BASKERVILLES. IN EXPLORATION OF THE THEMES RAISED BY THE WORK ONSTAGE, LTC PRODUCED A FIVE-DAY FESTIVAL ENTITLED IN ARCADIA: CELEBRATING TOM STOPPARD'S MASTERPIECE AND A THREE-PART DISCUSSION SERIES ENTITLED DESIRE, DANCE & DYNAMIC WOMEN IN THE TAMING OF THE SHREW. THIS PROGRAMMING REACHED 20,657 PATRONS THROUGHOUT THE GREATER PHILADELPHIA REGION. 168917 23623 ILLUMINATION, LTC'S AWARD-WINNING EDUCATION PROGRAM, SEEKS TO DEMONSTRATE THE VALUE OF ARTS EDUCATION AND TO PROVIDE INNOVATIVE, ARTS-FOCUSED APPROACHES TO TRADITIONAL NON-ARTS CURRICULUM IN ORDER TO ENHANCE THE VALUE OF EDUCATION IN THE PHILADELPHIA REGION. DURING THE 2014/15 SEASON, 1,062 LOCAL STUDENTS AND ADULTS WERE ENGAGED IN THE WORLD OF THEATER THROUGH IN-SCHOOL RESIDENCIES, DISCOUNT MATINEE PERFORMANCES, TEACHING ARTIST TRAINING FOR AFTER-SCHOOL PROGRAMS, A NEW PARTNERSHIP WITH THOMAS JEFFERSON UNIVERSITY HOSPITAL, AND THE LAUNCH OF THE LANTERN THEATER SCHOOL. 933349 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 1 74 1 0 0 0 0 0 1 1 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 PA X X MANAGEMENT 2158299002 10TH LUDLOW STREETS PHILADELPHIA PA 19107 EUGENE BISSELL CHAIRMAN 5.00 X X 0 0 0 CHARLES MCMAHON ARTISTIC DIRECTOR 50.00 X X 39271 0 6974 STACY MARIA DUTTON PRESIDENT 10.00 X X 0 0 0 GREGORY KLEIBER VICE PRESIDENT 1.00 X X 0 0 0 DAVID PIERSON TREASURER 1.00 X X 0 0 0 ELLEN ROSEN ROGOFF SECRETARY 1.00 X X 0 0 0 MICHAEL K BROPHY CO-FOUNDER 1.00 X 0 0 0 NICHOLAS D CONSTAN DIRECTOR 1.00 X 0 0 0 BRENDAN P COX DIRECTOR 1.00 X 0 0 0 STEPHEN FIELD DIRECTOR 1.00 X 0 0 0 BETSY KALISH DIRECTOR 1.00 X 0 0 0 KEVIN KLEINSCHMIDT DIRECTOR 1.00 X 0 0 0 DONNA SAUL MILLEN DIRECTOR 1.00 X 0 0 0 JEANNE SIGLER DIRECTOR 1.00 X 0 0 0 REBECCA WILLIAMS DIRECTOR 1.00 X 0 0 0 39271 0 6974 0 0 0 0 0 27868 19430 384444 431742 THEATER TICKET SALES 900099 277057 277057 SUBSCRIPTION SALES 900099 156277 156277 EDUCATION INCOME 900099 23623 23623 HANDLING FEES 900099 22291 22291 CONCESSION INCOME 900099 8242 8242 487490 402 402 19782 27868 19782 0 MISC INCOME 900099 3806 3806 3806 923440 491296 0 402 54867 40026 7426 7415 543987 462999 41409 39579 71836 66927 2512 2397 39660 31577 4192 3891 13850 13850 22280 22280 120880 120880 15422 12337 1851 1234 2480 1984 298 198 35026 30298 4203 525 384 384 20996 18983 1955 58 12955 9832 1728 1395 PRODUCTIONS EXPENSES 78240 78240 EDUCATION AND OUTREACH 59266 59266 BOX OFFICE AND HOUSE MA 30871 30871 DEVELOPMENT 17350 17350 1140350 933349 132959 74042 20582 150652 268474 2500 407873 292913 36190 43385 208511 88075 30601 120436 763720 609886 18631 47674 106080 140113 124711 187787 X 29888 108563 609121 313536 639009 422099 763720 609886 -216910 0 X X 0 1 X 1 0 X 440129 397126 578186 1025337 451524 2892302 440129 397126 578186 1025337 451524 2892302 991074 1901228 17053 3015 347 689 402 21506 2913808 2014304 0.65250 0.62580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38709 3870 34839 169802 84205 85597 120436 X 948872 5650 19782 25432 923440 0 923440 1165782 5650 19782 25432 1140350 0 1140350 PART X, LINE 2: LANTERN IS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PURSUANT TO FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740, LANTERN RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION (INCLUDING LANTERN'S ASSERTION THAT ITS INCOME IS EXEMPT FROM TAX) WILL BE SUSTAINED UPON EXAMINATION. TAX YEARS 2012 AND FORWARD REMAIN SUBJECT TO EXAMINATION. NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS WAS RECORDED AS OF JUNE 30, 2015 OR 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SPECIAL EVENTS 19,782. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SPECIAL EVENTS 19,782. BENEFIT 47650 27868 19782 19782 47650 27868 19782 19782 19782 0 FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT WORKS WITH THE COMPANY'S INDEPENDENT ACCOUNTING FIRM TO REVIEW THE 990 TO ENSURE ACCURACY. A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C LANTERN THEATER COMPANY'S CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM ARE DISTRIBUTED TO MEMBERS OF THE BOARD OF DIRECTORS EACH FISCAL YEAR. THE NOMINATING AND GOVERNANCE COMMITTEE OVERSEES THIS PROCESS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION LEVELS ARE REVIEWED ANNUALLY AND INCREASES ARE EVALUATED BASED ON JOB PERFORMANCE, COST OF LIVING, AND BUDGETARY PARAMETERS. COMPENSATION LEVELS ARE PERIODICALLY COMPARED WITH DATA COMPILED BY LOCAL AND NATIONAL SERVICE ORGANIZATIONS OF WHICH LANTERN THEATER COMPANY IS A CONSTITUENT MEMBER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA GUIDESTAR.ORG AND UPON REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE & AUDIT COMMITTEE, COMPOSED OF BOARD MEMBERS AND EXECUTIVE STAFF, OVERSEES THE PERIODIC SELECTION OF AN INDEPENDENT AUDITOR AND REVIEWS THE ANNUAL AUDIT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.