2014-07-14T12:16:43-05:00 2013-08-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2012-09-01 510149370 STEPPENWOLF THEATRE COMPANY STEP 3126545654 1700 N HALSTED STREET CHICAGO IL 60614 PAUL GOODRICH 3126545654 2014-07-11 1 LU ANN TRAPP P01506476 3122071040 2014-07-11 2012 2015-11-30 17:44:51Z X NORA DALEY 1700 N HALSTED STREET CHICAGO IL 60614 23370419 0 X WWW.STEPPENWOLF.ORG X 1975 IL PROVIDE THEATRICAL LEARNING OPPORTUNITIES FOR AUDIENCES THAT SPUR CIVIC CONVERSATION. 52 49 462 1260 320343 -42130 4981943 11030132 7358018 7526387 819108 924898 -5544 -116409 13153525 19365008 0 0 0 0 8460061 8479385 0 125000 1973202 6866095 6976966 15326156 15581351 -2172631 3783657 40177695 50694769 19010884 24115370 21166811 26579399 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 10935942 6944653 THEATRE PROGRAMS: PRODUCING PROGRAMMING TO EDUCATE THE PUBLIC BY ENGAGING THEM IN THE THEATRICAL PERFORMANCES, DISCUSSIONS, EVENTS, AND WORKSHOPS. PROGRAMMING INCLUDED 21 PRODUCTIONS, 651 PERFORMANCES, AND NUMEROUS EVENTS AND WORKSHOPS. 10935942 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 1 0 1 0 0 0 0 1 1 1 0 0 1 144 0 1 462 1 1 1 0 0 0 0 1 1 0 0 0 0 X 52 49 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X RACHEL FREUND 3126545654 1700 N HALSTED STREET CHICAGO IL 60614 X NORA DALEY 5.00 0.00 X X 0 0 0 ERIC LEFKOFSKY 5.00 0.00 X X 0 0 0 PAUL GOODRICH 5.00 0.00 X X 0 0 0 MARTHA LAVEY 40.00 2.00 X X 368544 0 47561 SARAH BEARDSLEY 5.00 0.00 X 0 0 0 MICHAEL W BENDER 5.00 0.00 X 0 0 0 HENRY S BIENEN 5.00 0.00 X 0 0 0 CAROLE L BROWN 5.00 0.00 X 0 0 0 DOUGLAS R BROWN 5.00 0.00 X 0 0 0 EBS BURNOUGH 5.00 0.00 X 0 0 0 TERRI L CABLE 5.00 0.00 X 0 0 0 MICHAEL A CAHAN 5.00 0.00 X 0 0 0 ROBIN T COLBURN 5.00 0.00 X 0 0 0 ELIZABETH H CONNELLY 5.00 0.00 X 0 0 0 BETH B DAVIS 5.00 0.00 X 0 0 0 KIM DAVIS 5.00 0.00 X 0 0 0 AMY ESHLEMAN 5.00 0.00 X 0 0 0 J SCOTT ETZLER 5.00 0.00 X 0 0 0 RICH FEITLER 5.00 0.00 X 0 0 0 NENE FOXHALL 5.00 0.00 X 0 0 0 SCOTT GEORGE 5.00 0.00 X 0 0 0 LAWRENCE M GILL 5.00 0.00 X 0 0 0 MATTHEW GRAY 5.00 0.00 X 0 0 0 ROBERT J GREENEBAUM JR 5.00 0.00 X 0 0 0 CARYN HARRIS 5.00 0.00 X 0 0 0 JOHN H HART 5.00 0.00 X 0 0 0 TERRY JENKINS 5.00 0.00 X 0 0 0 GEORGE A JOSEPH 5.00 0.00 X 0 0 0 DONNA LA PIETRA 5.00 0.00 X 0 0 0 LYNN LOCKWOOD MURPHY 5.00 0.00 X 0 0 0 MARY LUDFORD 5.00 0.00 X 0 0 0 RONALD J MALLICOAT JR 5.00 0.00 X 0 0 0 JANET MELK 5.00 0.00 X 0 0 0 DAVID E MENDELSOHN 5.00 0.00 X 0 0 0 L HEATHER MITCHELL 5.00 0.00 X 0 0 0 CHRISTOPHER M MURPHY 5.00 0.00 X 0 0 0 DAVID C PISOR 5.00 0.00 X 0 0 0 KENNETH J PORRELLO 5.00 0.00 X 0 0 0 DEBORAH H QUAZZO 5.00 0.00 X 0 0 0 MERLE RESKIN 5.00 0.00 X 0 0 0 RANDALL K ROWE 5.00 0.00 X 0 0 0 BRUCE SAGAN 5.00 0.00 X 0 0 0 MICHAEL R SALEM 5.00 0.00 X 0 0 0 ROBERT J SANBORN 5.00 0.00 X 0 0 0 MANUEL SANCHEZ 5.00 0.00 X 0 0 0 HARRY J SEIGLE 5.00 0.00 X 0 0 0 ANNA D SHAPIRO 5.00 0.00 X 27605 0 0 MATTHEW SHAPIRO 5.00 0.00 X 0 0 0 STEPHANIE B SMITH 5.00 0.00 X 0 0 0 COLETTE CACHEY SMITHBURG 5.00 0.00 X 0 0 0 JOHN WALTER 5.00 0.00 X 0 0 0 HELEN ZELL 5.00 0.00 X 0 0 0 DAVID HAWKANSON 40.00 2.00 X 370907 0 50023 SANDRA KARUSCHAK 40.00 0.00 X 138776 0 13172 DAVID SCHMITZ 40.00 2.00 X 103884 0 15445 1009716 0 126201 4 0 1 0 NORCON INC 661 W OHIO STREET CHICAGO IL 60654 CONTRACTOR SERVICES 2716153 POP 1326 5TH AVENUE SEATTLE WA 98101 WEB DESIGN SERVICES 404170 ADRIAN SMITH GORDON GILL 111 W MONROE STREET CHICAGO IL 60603 ARCHITECTURE SERVICES 290000 CHARLES R FELDSTIEN & CO 400 N MICHIGAN AVENUE CHICAGO IL 60611 PROFESSIONAL FUNDRAISING CONSULTANT 256666 WILLIAM BLAIR & CO 222 W ADAMS STREET CHICAGO IL 60606 INVESTMENT MANAGEMENT 205669 25 1067887 134250 9827995 261285 11030132 SUBSCRIPTION REVENUE 711110 5740533 5740533 TICKET REVENUE 711110 784448 784448 COSTUME SALES/RENTALS 711110 277385 277385 PARKING INCOME 711110 221581 221581 TICKET HANDLING INCOME 711110 172222 172222 330218 223387 106831 7526387 682802 682802 2832 2832 195323 185664 9659 9659 -69831 79490 3379879 3137783 242096 242096 242096 247306 1067887 406227 -158921 -158921 266172 275737 -9565 -15523 5958 MISCELLANEOUS INCOME 900099 39586 39586 39586 19365008 6944653 320343 1069880 905240 307805 371752 225683 6082527 4443826 986196 652505 239493 207618 14181 17694 671701 545542 61098 65061 580424 423700 98702 58022 6975 2376 4599 46740 46740 125000 125000 205669 205669 742478 522571 40736 179171 967094 889263 7334 70497 472471 336274 63134 73063 111001 45352 20931 44718 474987 474987 480755 355968 106667 18120 498100 372701 16853 108546 19413 6637 12776 435428 24931 375891 34606 1235562 926672 123556 185334 128382 96287 12838 19257 PRODUCTION MATERIALS 502401 502401 BANK FEES 218638 175848 20967 21823 EQUIPMENT - MAINTENANCE 189795 134418 50220 5157 241077 143141 33590 64346 15581351 10935942 2672207 1973202 1116039 1504736 1502075 1419852 6486956 74471 143946 9200 1558260 945935 28202865 11303803 14045913 16899062 21792608 22917521 170552 285338 40177695 50694769 1086492 1650943 3288075 3595325 6100000 17000000 6311000 0 2225317 1869102 19010884 24115370 X 10752782 10788083 2276680 7653967 8137349 8137349 21166811 26579399 40177695 50694769 X 3783657 1579553 49378 X 0 1 X 1 0 X 6144396 6948499 5615293 4981943 11030132 34720263 8492191 7138542 7591854 6545503 7633321 37401411 14636587 14087041 13207147 11527446 18663453 72121674 205577 224951 351694 405674 1590480 2778376 0 205577 224951 351694 405674 1590480 2778376 69343298 421240 756576 1482541 2284293 1284670 6229320 421240 756576 1482541 2284293 1284670 6229320 24154 68495 4670 36758 39586 173663 15081981 14912112 14694358 13848497 19987709 78524657 0.88310 0.90250 0.07930 0.07440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10871448 1297762 559869 11609341 10446672 -25 906986 482185 10871448 9470983 84718 890971 10446672 8563040 460000 447943 9470983 9731985 508366 -1605397 71914 8563040 0.24710 0.70090 0.05200 1 0 4055840 4055840 15722822 8781323 6941499 4434860 2037517 2397343 3989343 484963 3504380 16899062 ANNUITIES PAYABLE CURRENT 50510 ANNUITIES PAYABLE LONG-TERM 94745 DUE TO AFFILIATE 1681242 FAIR VALUE OF INTEREST RATE SWAP 42605 1869102 X 22142983 1579553 136050 1268041 2983644 19159339 205669 205669 19365008 16487812 136050 982580 1118630 15369182 205699 6470 212169 15581351 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013. MANAGEMENT BELIEVES THE THEATRE IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR PERIODS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 406,227. COST OF GOODS SOLD 275,738. CONSOLIDATED STATEMENTS - REVENUE OF AFFILIATED ORGANIZATION 400,412. RENTAL EXPENSES 185,664. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 406,227. COST OF GOODS SOLD 275,738. CONSOLIDATED STATEMENTS - EXPENSES OF AFFILIATED ORGANIZATION 114,951. RENTAL EXPENSES 185,664. PART XII, LINE 4B - OTHER ADJUSTMENTS: ANNUAL FUND WRITE OFF 6,470. X X X X X X X 1 CHARLES R FELDSTIEN & CO 400 N MICHIGAN AVE CHICAGO IL 60611 CONSULTING FOR CAPITAL CAMPAIGN - SEE PART IV 0 5091465 125000 4966465 5091465 125000 4966465 IL GALA 1130364 946433 183931 16185 26363 291798 WOMEN IN THE ARTS LUNCH 103515 93090 10425 0 580 30097 1 81314 28364 52950 3585 37619 1315193 1067887 247306 16185 30528 359514 406227 -158921 FORM 990, SCHEDULE G, PART I, LINE 2B THE THEATER HIRED CHARLES R. FELDSTIEN & 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 237657 0 0 0 130887 0 35500 0 12061 0 416105 0 80000 0 DAVID HAWKANSON 240020 0 0 0 130887 0 35500 0 14523 0 420930 0 80000 0 SANDRA KARUSCHAK 138776 0 0 0 0 0 0 0 13172 0 151948 0 0 0 PART I, LINE 4B DAVID HAWKANSON (EXECUTIVE DIRECTOR), AND MARTHA LAVEY(ARTISTIC DIRECTOR) EACH RECEIVED A MANDATORY DISTRIBUTION OF $130,887 FROM A 457(F)RETIREMENT PLAN WHICH WAS REPORTED ON THEIR 2012 FORM W-2. $80,000 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 $20,000 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 6100000 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 WILL BE APPLIED TO PAYMENT OF THE TAXABLE 2012 LOAN. $556,643.03 OF PROCEEDS WILL BE 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 9200 0 0 1 9200 IAN BARFORD IAN IS THE SPOUSE OF ANNA SHAPIRO, A TRUSTEE OF THE ORGANIZATION 24960 THE ORGANIZATION COMPENSATED IAN BARFORD $24,960 TO PERFORM AS AN ACTOR IN THE PLAY "THE BIRTHDAY PARTY" 0 X 2 26060 FAIR MARKET VALUE X AIRFARE 1 140000 FAIR MARKET VALUE X HOTEL 4 35225 FAIR MARKET VALUE X COLLATERAL PRINTING 1 60000 FAIR MARKET VALUE 0 1 0 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 VII, SECTION A DAVID HAWKANSON (EXECUTIVE DIRECTOR), AND MARTHA LAVEY(ARTISTIC DIRECTOR) EACH RECEIVED A MANDATORY DISTRIBUTION OF $130,887 FROM A 457(F)RETIREMENT PLAN WHICH WAS REPORTED ON THEIR 2012 FORM W-2. $80,000 OF THIS DISTRIBUTION HAD BEEN PREVIOUSLY ACCRUED AND REPORTED ON THE PRIOR FORM 990S AS EARNED. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 42,878. ANNUAL FUND WRITE OFF 6,500. STEPPENWOLF FOUNDATION I 758 W NORTH AVENUE 4TH FLOOR CHICAGO IL 60610 364041811 TO SUPPORT THE STEPPENWOLF THEATRE COMPANY'S THEATRE PROGRAMS IL 501(C)(3) LINE 11A, I STEPPENWOLF THEATRE COMPANY 1 STEPPENWOLF FOUNDATION II 758 W NORTH AVENUE 4TH FLOOR CHICAGO IL 60610 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 0 1 0 0 STEPPENWOLF FOUNDATION I E 17000000 LOAN DOCUMENT STEPPENWOLF FOUNDATION II E 17000000 LOAN DOCUMENT GUARANTEE OF LOAN 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.