2014-11-17T15:27:30-06:00 2014-06-30 236410283 ISDANER & COMPANY LLC THREE BALA PLAZA SUITE 501 WEST BALA CYNWYD PA 190043484 990 2013-07-01 232798692 LANTERN THEATER COMPANY LANT 2158299002 PO BOX 53428 PHILADELPHIA PA 19105 CHARLES MCMAHON ARTISTIC DIRECTOR 2158299002 2014-11-14 1 EDWARD W DORAN CPA P00841330 6106684200 2013 2015-11-30 17:44:51Z CHARLES MCMAHON PO BOX 53428 PHILADELPHIA PA 19105 1420189 0 X WWW.LANTERNTHEATER.ORG X 1994 PA TO PRODUCE THEATRICAL EXPERIENCES, AUDIENCE ENRICHMENT, AND EDUCATION PROGRAMMING THAT BENEFITS AUDIENCES THROUGHOUT THE REGION 15 13 62 350 0 0 593763 1002022 431756 389364 97 104 3982 5384 1029598 1396874 0 0 0 0 469319 512379 0 0 75893 391814 422528 861133 934907 168465 461967 269335 763720 92293 124711 177042 639009 TO PRODUCE THEATRICAL EXPERIENCES, AUDIENCE ENRICHMENT, AND EDUCATION PROGRAMMING THAT BENEFITS AUDIENCES THROUGHOUT THE REGION. 0 0 789253 394163 DURING THE 2013/14 SEASON, LANTERN THEATER COMPANY PRODUCED FIVE MAINSTAGE PRODUCTIONS, A FIVE-DAY FESTIVAL ENTITLED REGENCY & REVELRY: THE JANE AUSTEN FESTIVAL, A THREE-PART SCHOLARS IN CONVERSATION PROGRAM ENTITLED DESIRE, DANCE & DYNAMIC WOMEN IN THE TAMING OF THE SHREW, AND NUMEROUS ADDITIONAL EVENTS THROUGH ITS IN CONVERSATION SERIES. THE LANTERN'S EDUCATION PROGRAM, ILLUMINATION, ENGAGED LOCAL STUDENTS AND ADULTS IN THE WORLD OF THEATER THROUGH IN-SCHOOL RESIDENCIES, DISCOUNT MATINEE PERFORMANCES, AND TEACHING ARTIST TRAINING FOR AFTER-SCHOOL PROGRAMS. THIS PROGRAMMING REACHED APPROXIMATELY 19,000 ADULTS AND STUDENTS THROUGHOUT THE GREATER PHILADELPHIA REGION DURING THE 2013/14 SEASON. 789253 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 44 0 1 62 1 0 0 0 0 0 1 1 0 0 0 0 X 15 13 0 0 1 0 0 0 0 1 1 0 0 1 0 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 42897 0 7130 ANNE SHUFF MANAGING DIRECTOR 30.00 X X 32876 0 5663 STACY MARIA DUTTON PRESIDENT 10.00 X X 0 0 0 MICHAEL ROSENTHAL VICE PRESIDENT 1.00 X X 0 0 0 GREGORY KLEIBER TREASURER 1.00 X X 0 0 0 BETSY KALISH 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 STEPHEN FIELD 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 DAVID PIERSON DIRECTOR 1.00 X 0 0 0 ELLEN ROSEN ROGOFF DIRECTOR 1.00 X 0 0 0 REBECCA WILLIAMS DIRECTOR 1.00 X 0 0 0 75773 0 12793 0 0 0 0 0 36580 17271 948171 2000 1002022 THEATER TICKET SALES 900099 229768 229768 SUBSCRIPTION SALES 900099 137183 137183 HANDLING FEES 900099 17447 17447 CONCESSION INCOME 900099 4966 4966 389364 104 104 585 0 585 585 585 23315 36580 23315 0 MISC INCOME 900099 4799 4799 4799 1396874 394748 0 104 87113 50547 25057 11509 309331 269884 128 39319 9459 6859 1007 1593 106476 94563 4415 7498 13341 13341 106431 106431 14413 11820 1152 1441 4358 3573 349 436 29897 25861 3588 448 277 227 22 28 1146 1146 4752 2069 2683 6717 5508 537 672 PRODUCTIONS EXPENSES 187802 187802 EDUCATION AND OUTREACH 24109 24109 BOX OFFICE AND HOUSE MA 16336 16336 DEVELOPMENT 12949 12949 934907 789253 69761 75893 46293 20582 268474 181805 407873 29996 36190 97680 67079 11241 30601 269335 763720 16992 18631 75301 106080 92293 124711 X 24952 29888 152090 609121 177042 639009 269335 763720 461967 0 X X 0 1 X 1 0 X 265280 440129 397126 578186 1025337 2706058 265280 440129 397126 578186 1025337 2706058 992070 1713988 11806 17053 3015 347 689 32910 2738968 1800668 0.62580 0.76730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97680 67079 30601 30601 X 1435481 15292 23315 38607 1396874 0 1396874 973514 15292 23315 38607 934907 0 934907 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 2011 AND FORWARD REMAIN SUBJECT TO EXAMINATION. NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS WAS RECORDED AS OF JUNE 30, 2014 OR 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SPECIAL EVENTS 23,315. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SPECIAL EVENTS 23,315. BENEFIT 59895 36580 23315 23315 59895 36580 23315 23315 23315 0 FORM 990, PART VI, SECTION A, LINE 4 LANTERN THEATER COMPANY'S BOARD OF DIRECTORS VOTED IN MARCH 2014 TO AMEND THE COMPANY'S BY-LAWS TO ESTABLISH A NEW BOARD CHAIR POSITION. THE BOARD CHAIR PRESIDES AT ALL MEETINGS OF THE BOARD, SERVES AS THE CHIEF GOVERNING OFFICER OF THE CORPORATION, AND SUPERVISES AND CONTROLS THE AFFAIRS OF THE CORPORATION AND THE ACTIVITIES OF THE OFFICERS. 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 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.