2013-02-15T14:16:29-06:00 2012-06-30 330310569 HASKELL & WHITE LLP 8001 IRVINE CENTER DR STE 300 IRVINE CA 92618 990 2011-07-01 951509841 THE LAGUNA PLAYHOUSE LAGU 9494972787 PO BOX 1747 LAGUNA BEACH CA 926521747 KAREN WOOD 9494972787 2013-02-15 1 RICK SMETANKA P01677376 9494506200 2011 2016-03-07 17:11:31Z KAREN WOOD PO BOX 1747 LAGUNA BEACH CA 926521747 3836988 0 X WWW.LAGUNAPLAYHOUSE.COM X 1929 CA TO PRODUCE THEATRICAL PERFORMANCES & EDUCATIONAL PROGRAMS TO THE COMMUNITY. 17 15 109 220 0 0 907721 1022383 3426541 2757752 7008 3280 -3304 409 4337966 3783824 0 0 0 0 2140664 2046289 0 48000 509867 2817036 1931352 4957700 4025641 -619734 -241817 3610377 3242095 1634000 1507535 1976377 1734560 THE LAGUNA PLAYHOUSE PROVIDES HIGH QUALITY, PROFESSIONAL THEATRICAL PERFORMANCES AND UNIQUE EDUCATIONAL OPPORTUNITIES FOR PEOPLE OF ALL AGES TO ENRICH THE CULTURAL, CIVIC AND SOCIAL FABRIC OF ORANGE COUNTY. 0 0 3011679 2700274 MAIN STAGE THEATRE PRODUCTIONS: THE LAGUNA PLAYHOUSE IS THE OLDEST CONTINUALLY OPERATING THEATRE ON THE WEST COAST. IT IS RECOGNIZED AS ONE OF CALIFORNIA'S PREMIER RESIDENT THEATRES, PERFORMING AWARD-WINNING LIVE THEATRE SINCE 1920. ITS ACTIVITIES INCLUDE SIX MAIN STAGE PRODUCTIONS WITH OVER 200 PERFORMANCES YEAR ROUND FOR A DIVERSE AUDIENCE OF OVER 100,000 ORANGE COUNTY RESIDENTS AND VISITORS. THE LAGUNA PLAYHOUSE, A 501(C)3 NONPROFIT, HAS RECEIVED NUMEROUS ARTISTIC AND EDUCATION AWARDS. 0 0 YOUTH EDUCATION OUTREACH PROGRAM: THEATREREACH: [NOTE THAT THIS PROGRAM WAS ON HIATUS FOR ONE YEAR, FOR THE YEAR ENDED JUNE 30, 2012.] BRINGING BOOKS TO LIFE IS AN EDUCATIONAL OUTREACH PROGRAM THAT SUPPORTS LITERACY BY TOURING PLAYS ADAPTED FROM REQUIRED BOOKS IN THE CALIFORNIA STATE CURRICULUM. IT SERVES OVER 10,000 ELEMENTARY SCHOOL STUDENTS IN SOUTHERN CALIFORNIA EACH YEAR. THEATREREACH IS THE ONLY IN-SCHOOL PERFORMING ARTS PROGRAM THAT ADDRESSES CALIFORNIA STATE HISTORY AND LITERATURE CONTENT STANDARDS FOR GRADES K-6. 61463 57478 YOUTH EDUCATION PROGRAMS: YOUTH CONSERVATORY, THEATRE FOR A NEW GENERATION, SUMMER/SPRING THEATRE WORKSHOPS :THE LAGUNA PLAYHOUSE YOUTH EDUCATION PROGRAMS INCLUDE:-CONSERVATORY: OFFERING COMPREHENSIVE, AFTER SCHOOL, YEAR-LONG THEATRE TRAINING IN A PROFESSIONAL SETTING FOR TALENTED, ASPIRING YOUNG ACTORS, AGES 10-18. SCHOLARSHIPS ARE AVAILABLE FOR LOW-INCOME YOUTH.-YOUTH THEATRE: A NATIONALLY RECOGNIZED SERIES OF FULLY-STAGED PRODUCTIONS OF POPULAR STORIES FOR FAMILY AUDIENCES.-THEATRE FOR A NEW GENERATION: OFFERS PROVOCATIVE, ISSUE-ORIENTED DRAMAS AIMED AT TEENS, PARENTS AND EDUCATORS.-SPRING/SUMMER WORKSHOPS: OFFER YOUTH HANDS-ON EXPERIENTIAL LEARNING WITH THEATRE PROFESSIONALS. 3073142 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 20 0 109 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JANE PIASECKI 9494972787 PO BOX 1747 LAGUNA BEACH CA 926521747 ANN WAREHAM 40.00 X 84233 0 7987 KAREN WOOD 40.00 X X 151983 0 25111 HENRY MAYHEW 4.00 X X 0 0 0 ILONA MARTIN 4.00 X X 0 0 0 CYNTHIA HARRISS 4.00 X X 0 0 0 JERRY MANDEL 4.00 X 0 0 0 TIMOTHY D CARLYLE 4.00 X 0 0 0 GLENN E GRAY 4.00 X 0 0 0 LISA HALE 4.00 X 0 0 0 JOE HANAUER 4.00 X 0 0 0 JAMES R MELLOR 4.00 X 0 0 0 JUSTIN MYERS 4.00 X 0 0 0 HEIDI MILLER 4.00 X 0 0 0 PAUL SINGARELLA 4.00 X 0 0 0 TERRI TURNER 4.00 X 0 0 0 GEORGIA ANDERSEN 4.00 X 0 0 0 CODY ENGLE 4.00 X 0 0 0 236216 0 33098 1 0 1 0 0 79799 155840 786744 28956 1022383 ADMISSIONS 711110 2466882 2466882 CONCESSIONS 711110 145779 145779 OTHER 711110 87613 87613 TUITION 711110 57478 57478 2757752 3280 3280 53573 79799 53164 409 409 3783824 2757752 0 3689 236216 134894 50661 50661 1482504 1049156 251603 181745 90668 64378 18870 7420 91277 55913 28541 6823 145624 102098 29674 13852 8543 8543 48000 48000 337241 210526 45120 81595 364073 338584 194 25295 26837 19407 2384 5046 134633 128932 3073 2628 41192 24719 1618 14855 87804 87804 116287 105342 10945 38036 34232 1902 1902 SCRIPT FEES 394146 393906 240 CONCESSIONS EXPENSE 116851 79923 6227 30701 REPAIRS AND MAINTENANCE 106269 97224 5938 3107 COSTUMES, SCENERY & SPE 80019 78019 2000 79421 68085 -22661 33997 4025641 3073142 442632 509867 768989 713528 1023518 1036012 365829 495415 48384 26326 368236 294922 2931384 2288962 748787 642422 283033 29998 3601 3472 3610377 3242095 173429 195927 1253010 1110202 207561 201406 1634000 1507535 X 1533676 1260417 386538 424823 56163 49320 1976377 1734560 3610377 3242095 -241817 0 X X 0 1 1 X 0 X 489384 925886 1049484 907721 993427 4365902 4043220 3835252 3605076 3426541 2757752 17667841 4532604 4761138 4654560 4334262 3751179 22033743 215050 145996 246286 115208 50542 773082 372524 303429 235016 105221 119249 1135439 587574 449425 481302 220429 169791 1908521 20125222 52859 28714 67322 7008 3280 159183 154554 109579 264133 207413 138293 67322 7008 3280 423316 4740017 4899431 4721882 4341270 3754459 22457059 0.89620 0.86770 0.01890 0.02740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56163 0 0 0 6843 0 49320 56163 0 0 0 0 0 56163 56163 0 0 0 0 0 56163 56163 0 0 0 0 0 56163 1.00000 0 0 125622 125622 205174 79342 125832 1314814 1108587 206227 1055897 902516 153381 229877 198517 31360 642422 3783824 4025641 -241817 -241817 3866477 29489 29489 3836988 -53164 -53164 3783824 4108294 29489 29489 4078805 -53164 -53164 4025641 PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES -53,164. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES -53,164. PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUNDS: THE ENDOWMENT FUND IS TO BE HELD IN PERPETUITY WITH EARNINGS APPROPRIATED ANNUALLY THROUGH THE COMPANY'S ANNUAL BUDGETING PROCESS. X X X X X X X 1 ADWORX 303 BROADWAY 104-133 LAGUNA BEACH CA 92651 OBTAIN ADDITIONAL CONTRIBUTIONS 0 42923 36000 6923 GIFT DEVELOPMENT ADVISORS PO BOX 4583 IRVINE CA 92651 ADVISE ON SOLICITING AND OBTAINING CONTRIBUTIONS 0 0 12000 -12000 42923 48000 -5077 CA MASQUARADE 68060 60350 7710 21075 1700 14187 MURDER MYSTERY 35294 19449 15845 7622 1800 6780 1 30018 30018 133372 79799 53573 28697 3500 20967 53164 409 X 1 0 X X 0 0 0 0 0 0 0 0 0 KAREN WOOD 151983 0 0 0 0 0 4560 0 20551 0 177094 0 163480 0 JOSEPH HANAUER CURRENT PRESIDENT OF THE BOARD ON APRIL 1, 2012, THE PLAYHOUSE ENTERED INTO A 36 MONTH LEASE FOR OFFICE SPACE AT 580 BROADWAY, LAGUNA BEACH, CALIFORNIA. THIS OFFICE SPACE IS OWNED BY AN ENTITY THAT IS CONTROLLED BY THE CURRENT PRESIDENT OF THE BOARD OF DIRECTORS OF THE PLAYHOUSE, JOE HANAUER. AS OF JUNE 30, 2012 JOE HANAUER WAS A TRUSTEE AND BECAME PRESIDENT OF THE BOARD OF DIRECTORS ON JULY 1, 2012. THERE IS NO BASE RENT DUE THE FIRST TWO YEARS OF THE LEASE AND THE PLAYHOUSE HAS AN OPTION TO VACATE AT THE END OF THE SECOND YEAR. IF THE PLAYHOUSE CHOOSES NOT TO VACATE AT THAT TIME, THE RENT DURING THIRD YEAR OF THE LEASE WILL BE $1,613 PER MONTH OR $19,350 PER ANNUM. FOR THE YEAR ENDED JUNE 30, 2012, THE PLAYHOUSE RECOGNIZED $4,837 AS IN-KIND REVENUE AND IN-KIND EXPENSE ASSOCIATED WITH THIS LEASE. 0 X 2 7202 REPLACEMENT COST X SUPPLIES FOR WINERY FUNDRAISING EVENT 6 12286 REPLACEMENT COST X OFFICE FURNITURE 1 10000 REPLACEMENT COST 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): COLUMN A LISTS THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11 - THE AUDIT & FINANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE LAGUNA PLAYHOUSE'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. - A DRAFT OF THE FORM 990 IS OBTAINED AND REVIEWED BY THE AUDIT & FINANCE COMMITTEE BEFORE THE FILING DEADLINE. - IF THE AUDIT & FINANCE COMMITTEE DESIRES MORE INFORMATION IN THE PROCESS OF ITS REVIEW OF THE FORM 990, THEN THEY WILL CONTACT THE PREPARER OF THE FORM 990 TO REQUEST COPIES OF THE RELEVANT DETAILED TAX RETURN WORK PAPERS WHICH THEY WOULD LIKE TO SEE AND/OR MAKE INQUIRIES OF THE PREPARER. - ONCE THE AUDIT & FINANCE COMMITTEE HAS COMPLETED ITS INITIAL REVIEW OF THE FORM 990, A MEETING OR CONFERENCE CALL MAY BE SCHEDULED WITH THE PREPARER OF THE FORM 990 (REGARDLESS OF WHETHER THE FORM 990 IS EXTERNALLY OR INTERNALLY PREPARED) TO DISCUSS ANY QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS IDENTIFIED BY THE AUDIT & FINANCE COMMITTEE. - THE PREPARER OF THE FORM 990 WILL MAKE ANY REVISIONS TO THE FORM 990 AS SOON AS FEASIBLY POSSIBLE TO ENSURE THAT THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE ON A TIMELY BASIS. - ALL QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS SET FORTH BY THE AUDIT & FINANCE COMMITTEE ARE DOCUMENTED, ALONG WITH ANY RESPONSES FROM THE PREPARER OF THE FORM 990, IF APPLICABLE. - AFTER THE FORM 990 HAS BEEN REVIEWED BY THE AUDIT & FINANCE COMMITTEE AND FILED WITH THE INTERNAL REVENUE SERVICE, THE AUDIT & FINANCE COMMITTEE WILL MAKE A REPORT AT THE NEXT FULL BOARD OF DIRECTORS MEETING TO UPDATE THE FULL BOARD REGARDING ITS REVIEW OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT REQUIRES STAFF AND BOARD MEMBERS TO FILE ONE OF THE FOLLOWING FORMS TO DETERMINE IF ANY CONFLICTS OF INTEREST EXIST: CONFLICT OF INTEREST POLICY - (COPY OF DOCUMENT) I HAVE READ THE LAGUNA PLAYHOUSE'S STATEMENT OF CONFLICT OF INTEREST POLICY. I HOLD THE POSITION OF BOARD MEMBER, OFFICER, OR KEY EMPLOYEE WITH THE FOLLOWING ORGANIZATIONS WHICH POTENTIALLY COULD CAUSE A CONFLICT OF INTEREST WITH MY POSITION AND RESPONSIBILITIES WITH THE LAGUNA PLAYHOUSE. TO THE BEST OF MY KNOWLEDGE AND BELIEF, EXCEPT AS DISCLOSED HEREWITH, NEITHER I NOR ANY PERSON WITH WHOM I HAVE OR HAD A PERSONAL, FAMILY OR BUSINESS RELATIONSHIP, IS ENGAGED IN ANY TRANSACTION OR ACTIVITY OR HAS ANY RELATIONSHIP THAT MAY REPRESENT A POTENTIAL COMPETING OR CONFLICTING INTEREST, AS DEFINED IN THE LAGUNA PLAYHOUSE'S CONFLICT OF INTEREST POLICY. DISCLOSURE OF POTENTIAL CONFLICT OF INTEREST TRANSACTIONS ARE AS LISTED. FURTHER, TO THE BEST OF MY KNOWLEDGE AND BELIEF, EXCEPT AS DISCLOSED HEREWITH, NEITHER I, NOR ANY PERSON WITH WHOM I HAVE HAD A PERSONAL, FAMILY OR BUSINESS RELATIONSHIP, OR COMPENSATED PROFESSIONAL RELATIONSHIP, INTEND TO ENGAGE IN ANY TRANSACTION, ACQUIRE ANY INTEREST IN ANY ORGANIZATION OR ENTITY, OR BECOME THE RECIPIENT OF ANY SUBSTANTIAL GIFTS OR FAVORS THAT MIGHT BE COVERED BY THE LAGUNA PLAYHOUSE'S CONFLICT OF INTEREST POLICY. "REASONABLE EFFORTS" - ANNUAL DISCLOSURE I AM RELATED TO THE FOLLOWING INDIVIDUALS WHO RESIDE ON THE BOARD OF DIRECTORS FOR THE LAGUNA PLAYHOUSE, ARE THE ARTISTIC OR EXECUTIVE DIRECTOR OR THE CHIEF FINANCIAL OFFICER / CONTROLLER FOR THE LAGUNA PLAYHOUSE, OR, ARE CONSIDERED TO BE A KEY EMPLOYEE OF THE LAGUNA PLAYHOUSE. I CERTIFY THAT I AM NOT RELATED TO ANY OF THE ABOVE-REFERENCED INDIVIDUALS BY NOTING "N/A" ON THE FIRST LINE IMMEDIATELY BELOW. FOR PURPOSES OF THE ABOVE DISCLOSURE, COVERED RELATIONS INCLUDE SPOUSE, CHILDREN (WHETHER NATURAL OR ADOPTED), GRANDPARENTS, GRANDCHILDREN, SIBLINGS (WHETHER WHOLE OR HALF), AND IN-LAWS. FOR PURPOSES OF THE ABOVE DISCLOSURE, A KEY EMPLOYEE IS AN EMPLOYEE OF THE LAGUNA PLAYHOUSE WITH A SALARY IN EXCESS OF $150,000 AND WHO HAS RESPONSIBILITIES AND INFLUENCE OVER A SIGNIFICANT PORTION (MORE THAN 10%) OF THE LAGUNA PLAYHOUSE'S ACTIVITIES, OPERATIONS, OR ASSETS. ADDITIONALLY, I HAVE A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS WHO RESIDE ON THE BOARD OF DIRECTORS FOR THE LAGUNA PLAYHOUSE, ARE THE ARTISTIC OR EXECUTIVE DIRECTOR OR THE CHIEF FINANCIAL OFFICER / CONTROLLER FOR THE LAGUNA PLAYHOUSE, OR, ARE CONSIDERED TO BE A KEY EMPLOYEE OF THE LAGUNA PLAYHOUSE. I CERTIFY THAT I DO NOT HAVE ANY BUSINESS RELATIONSHIPS WITH ANY OF THE ABOVE-REFERENCED INDIVIDUALS BY NOTING "N/A" ON THE FIRST LINE IMMEDIATELY BELOW. FOR PURPOSES OF THE ABOVE DISCLOSURE, A BUSINESS RELATIONSHIP INCLUDES THE FOLLOWING: 1. ONE PERSON IS EMPLOYED BY THE OTHER IN A SOLE PROPRIETORSHIP OR BY AN ORGANIZATION WITH WHICH THE OTHER IS ASSOCIATED AS A DIRECTOR, OFFICER, KEY EMPLOYEE, OR GREATER-THAN-35% OWNER 2. ONE PERSON IS TRANSACTING BUSINESS WITH THE OTHER (OTHER THAN IN THE ORDINARY COURSE OF EITHER PARTY'S BUSINESS ON THE SAME TERMS AS ARE GENERALLY OFFERED TO THE PUBLIC), INVOLVING TRANSFERS OF CASH OR PROPERTY VALUED IN EXCESS OF $10,000 IN THE AGGREGATE DURING THE ORGANIZATIONS TAX YEAR 3. THE TWO PERSONS ARE EACH A DIRECTOR, OFFICER, OR GREATER THAN 10% OWNER IN THE SAME BUSINESS OR INVESTMENT ENTITY FINALLY, I RECEIVED COMPENSATION OR OTHER PAYMENTS (INCLUDING LOANS AND PAYMENTS FOR SERVICES RENDERED) DURING THE LAGUNA PLAYHOUSE'S APPLICABLE TAX YEAR FROM THE FOLLOWING RELATED ORGANIZATIONS TO THE LAGUNA PLAYHOUSE, OTHER THAN REIMBURSEMENT OF EXPENSES UNDER AN ACCOUNTABLE PLAN OR REASONABLE COMPENSATION FOR SERVICES PROVIDED TO THE RELATED ORGANIZATION AS A MEMBER OF THEIR GOVERNING BODY. FOR PURPOSES OF THE ABOVE DISCLOSURE, A RELATED ORGANIZATION TO THE LAGUNA PLAYHOUSE INCLUDES THE FOLLOWING: - ORGANIZATION THAT CONTROLS THE FILING ORGANIZATION - ORGANIZATION CONTROLLED BY THE FILING ORGANIZATION - ORGANIZATION CONTROLLED BY THE SAME PERSON OR PERSONS THAT CONTROL THE FILING ORGANIZATION - ORGANIZATION THAT IS A SUPPORTING OR SUPPORTED ORGANIZATION OF THE FILING ORGANIZATION PRINTED NAME: SIGNATURE: POSITION/TITLE: DATE: FORM 990, PART VI, SECTION B, LINE 15 THE LAGUNA PLAYHOUSE FOLLOWS THE PROCEDURES SET FORTH BELOW IN DETERMINING COMPENSATION ARRANGEMENTS FOR ITS ARTISTIC DIRECTOR, ITS EXECUTIVE DIRECTOR, AND ANY OTHER EMPLOYEE WHO IS CONSIDERED A KEY EMPLOYEE FOR PURPOSES OF IRS FORM 990. 1. THE COMPENSATION ARRANGEMENT WILL BE APPROVED IN ADVANCE BY AN AUTHORIZED BODY COMPOSED OF MEMBERS OF THE BOARD OF TRUSTEES WHO DO NOT HAVE A CONFLICT OF INTEREST CONCERNING THE COMPENSATION ARRANGEMENT. THE AUTHORIZED BODY WILL CONSIST OF THE PRESIDENT OF THE BOARD OF TRUSTEES, UNLESS FOR A PARTICULAR COMPENSATION ARRANGEMENT, THE PRESIDENT OF THE BOARD OF TRUSTEES DESIGNATES A DIFFERENT AUTHORIZED BODY. THE COMPENSATION ARRANGEMENT WILL BE INCLUDED AND PART OF THE ANNUAL BUDGET FOR THE LAGUNA PLAYHOUSE. 2. PRIOR TO MAKING ITS DETERMINATION, THE AUTHORIZED BODY WILL OBTAIN AND RELY UPON APPROPRIATE DATA AS TO COMPARABILITY. THE THEATER COMMUNICATIONS GROUP SALARY SURVEY WILL BE USED FOR BENCHMARK PURPOSES. 3. THE AUTHORIZED BODY ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FOR ITS DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING DOCUMENTS OF THE LAGUNA PLAYHOUSE WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT THE LAGUNA PLAYHOUSE'S MAIN OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE: - TAX EXEMPTION APPLICATION (FORM 1023) - INTERNAL REVENUE SERVICE DETERMINATION LETTER - ARTICLES OF INCORPORATION - BY-LAWS - CONFLICT OF INTEREST POLICY - AUDITED FINANCIAL STATEMENTS THE PUBLIC INSPECTION COPY OF THE LAGUNA PLAYHOUSE'S FORM 990 AND FORM 990-T, FROM THE PREVIOUS THREE YEARS (AT A MINIMUM), WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT THE LAGUNA PLAYHOUSE'S MAIN OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE. THE PUBLIC INSPECTION COPY OF THE FORM 990 WILL NOT INCLUDE THE SCHEDULE OF SCHEDULE A EXCESS CONTRIBUTORS OR THE SCHEDULE B NAMES AND ADDRESSES OF CONTRIBUTORS. THE LAGUNA PLAYHOUSE WILL MAKE BEST EFFORTS TO ENSURE THAT THE FORMS 990 AND 990-T HELD AT THEIR MAIN OFFICE ARE THE MOST UPDATED VERSIONS OF SUCH. FOR EXAMPLE, IN THE INSTANCE WHERE A FORM 990 HAS BEEN AMENDED, THE AMENDED VERSION OF THE FORM 990 OR FORM 990-T SHOULD BE THE ONE AVAILABLE FOR PUBLIC INSPECTION. WHEN RESPONDING TO A PUBLIC INSPECTION REQUEST FOR ANY LAGUNA PLAYHOUSE DOCUMENT OR FORM 990 (INCLUDING FORM 990-T) BY ANYONE, THE LAGUNA PLAYHOUSE SHALL FULFILL SUCH REQUEST IN A TIMELY FASHION WITHOUT INQUIRING AS TO THE REASON FOR THE PUBLIC INSPECTION REQUEST. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES THE RESPONSIBILTY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.