2012-11-08T13:21:25-06:00 2011-12-31 910189318 MOSS ADAMS LLP 9665 GRANITE RIDGE DRIVE SUITE 600 SAN DIEGO CA 92123 990 2011-01-01 951543396 OLD GLOBE THEATRE OLDG 6192311941 PO BOX 122171 SAN DIEGO CA 921122171 MICHAEL G MURPHY 6192311941 2012-11-08 1 PATRICIA J MAYER P00188643 8586271400 2011 2016-02-24 21:20:13Z THE OLD GLOBE MICHAEL G MURPHY PO BOX 122171 SAN DIEGO CA 921122171 22988719 0 X WWW.THEOLDGLOBE.ORG X 1937 CA THE TONY AWARD-WINNING OLD GLOBE IS THE SIXTH LARGEST REGIONAL THEATRE IN THE COUNTRY AND SAN DIEGO'S FLAGSHIP ARTS INSTITUTION FOR THE PAST 77 YEARS. THE OLD GLOBE PRODUCES A YEAR-ROUND SEASON OF 15 OR MORE PLAYS AND MUSICALS, INCLUDING WORLD PREMIERES, MODERN CLASSICS, NEW MUSICALS, BROADWAY-BOUND PRODUCTIONS, AND THE HIGHLY-REGARDED SUMMER SHAKESPEARE FESTIVAL, AVERAGING MORE THAN 630 PERFORMANCES AND NEARLY 250,000 ANNUAL ADMISSIONS. EDUCATION AND OUTREACH PROGRAMS THROUGHOUT SAN DIEGO COUNTY, INCLUDING LITERACY INITIATIVES, FREE STUDENT MATINEES, PRE-PERFORMANCE WORKSHOPS, AND A HIGH SCHOOL SUMMER SHAKESPEARE INTENSIVE, REACH UP TO 50,000 CHILDREN AND ADULTS EACH YEAR. THE OLD GLOBE/UNIVERSITY OF SAN DIEGO PROFESSIONAL ACTOR TRAINING PROGRAM IS AN INTENSIVE, TWO-YEAR COURSE OF STUDY IN CLASSICAL THEATRE, LEADING TO THE MFA DEGREE. THE OLD GLOBE IS AT THE FOREFRONT OF THE NATION'S LEADING PERFORMING ARTS ORGANIZATIONS, SETTING A STANDARD FOR EXCELLENCE IN AMERICAN THEATRE. 47 45 670 1151 399786 398948 7155021 6890952 12822773 12873047 52073 74803 40921 541965 20070788 20380767 75950 73300 0 0 11897320 12449584 8684 21654 1237817 9505530 9656903 21487484 22201441 -1416696 -1820674 58293508 56106627 9955154 9798758 48338354 46307869 X THE MISSION OF THE OLD GLOBE IS TO PRESERVE, STRENGTHEN AND ADVANCE AMERICAN THEATRE BY: CREATING THEATRICAL EXPERIENCES OF THE HIGHEST PROFESSIONAL STANDARDS; PRODUCING AND PRESENTING WORKS OF EXCEPTIONAL MERIT, DESIGNED TO REACH CURRENT AND FUTURE AUDIENCES; ENSURING DIVERSITY AND BALANCE IN PROGRAMMING; PROVIDING AN ENVIRONMENT FOR THE GROWTH AND EDUCATION OF THEATRE PROFESSIONALS, AUDIENCES AND THE COMMUNITY AT LARGE. 0 0 17304654 12836634 THE OLD GLOBE PRODUCES 15 OR MORE PRODUCTIONS YEAR-ROUND, INCLUDING WORLD PREMIERES, MODERN CLASSICS, NEW MUSICALS, BROADWAY-BOUND PRODUCTIONS WITH A CENTERPIECE OF AN OUTDOOR SUMMER SHAKESPEARE FESTIVAL OF THREE CLASSICS PERFORMED IN ROTATING REPERTORY BY A 25-MEMBER ACTING COMPANY. THE GLOBE USES 3 PERFORMING SPACES WITH CAPACITIES OF 600/600/250, AND PLAYED 673 PUBLIC PERFORMANCES IN 2011 TO AN AUDIENCE OF 247,390; INCLUDING 224,417 PAID TICKETS AND 22,973 FREE ADMISSIONS, PRIMARILY DISTRIBUTED THROUGH SCHOOLS AND NONPROFIT ORGANIZATIONS. THE OLD GLOBE IS AT THE FOREFRONT OF THE NATION'S LEADING PERFORMING ARTS ORGANIZATIONS, SETTING A STANDARD FOR EXCELLENCE IN AMERICAN THEATER. 624761 73300 36413 EDUCATION PROGRAMS ARE OFFERED YEAR-ROUND THROUGHOUT SAN DIEGO COUNTY. PROGRAMS INCLUDE LITERACY INITIATIVES, FREE STUDENT MATINEES, PRE-PERFORMANCE WORKSHOPS, A HIGH SCHOOL SUMMER SHAKESPEARE INTENSIVE, A MIDDLE SCHOOL CONSERVATORY, PROFESSIONAL DEVELOPMENT FOR TEACHERS AND TEACHING ARTISTS, AND LIFE-LONG LEARNING PROGRAMS SUCH AS INSIGHT SEMINARS, SUMMER SHAKESPEARE IN THE GARDEN, THE SPEAKER'S BUREAU, BEHIND-THE-SCENES TOURS, AND FREE PUBLIC EVENTS. IN 2011, THESE PROGRAMS DIRECTLY SERVED 18,851 STUDENTS AND ADULTS. THE OLD GLOBE/UNIVERSITY OF SAN DIEGO PROFESSIONAL ACTOR TRAINING PROGRAM IS AN INTENSIVE, TWO-YEAR COURSE OF STUDY IN CLASSICAL THEATRE, LEADING TO THE MASTER OF FINE ARTS DEGREE. 17929415 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 268 0 1 670 1 1 1 0 0 0 0 1 1 0 0 0 0 X 47 45 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X X X MARK SOMERS DIRECTOR OF FINANCE 6192311941 1363 OLD GLOBE WAY SAN DIEGO CA 92101 ANN STECK 4.00 X 0 0 0 ANTHONY S THORNLEY 7.00 X X 0 0 0 SANDRA REDMAN 4.00 X 0 0 0 VALERIE S COOPER 2.00 X 0 0 0 KATHRYN HATTOX 7.00 X 0 0 0 JOSEPH BENOIT 2.00 X 0 0 0 MARY BETH ADDERLEY 2.00 X 0 0 0 DONALD COHN 7.00 X X 0 0 0 PETER J COOPER 3.00 X 0 0 0 DENI JACOBS 4.00 X 0 0 0 CONRAD PREBYS 4.00 X 0 0 0 NICOLE CLAY 2.00 X 0 0 0 PAMELA A FARR 3.00 X 0 0 0 DEAN THORP 2.00 X 0 0 0 ELIZABETH ALTMAN 2.00 X 0 0 0 VICTOR P GALVEZ 3.00 X 0 0 0 ELAINE BENNETT DARWIN 7.00 X X 0 0 0 ELIZABETH HELMING 2.00 X 0 0 0 HAROLD W FUSON JR 10.00 X X 0 0 0 VIVIANA IBANEZ 2.00 X 0 0 0 JO ANN KILTY 2.00 X 0 0 0 DAPHNE JAMESON 2.00 X 0 0 0 SUSAN MAJOR 5.00 X 0 0 0 SILVIJA DEVINE 2.00 X 0 0 0 KAREN FOX 2.00 X 0 0 0 NANCI HULL 2.00 X 0 0 0 RENEE SCHATZ 2.00 X 0 0 0 STACEY LEVASSEUR VASQUEZ 2.00 X 0 0 0 DANIEL L SULLIVAN PHD 2.00 X 0 0 0 JULIE J SULLIVAN PHD 4.00 X 0 0 0 EVELYN MACK TRUITT 4.00 X 0 0 0 DEBRA TURNER 4.00 X 0 0 0 CAROLYN YORSTON-WELLCOME 3.00 X 0 0 0 CRYSTAL WATKINS 2.00 X 0 0 0 PAMELA CESAK 2.00 X 0 0 0 JEAN-MARIE HAMEL 3.00 X 0 0 0 RAMIN POURTEYMOUR 2.00 X 0 0 0 PAULA POWERS 3.00 X 0 0 0 DAVID REAGAN 2.00 X 0 0 0 LYNNE WHEELER 2.00 X 0 0 0 JEAN SHEKHTER 2.00 X 0 0 0 HARVEY WHITE 4.00 X X 0 0 0 JUNE YODER 2.00 X 0 0 0 LOUIS G SPISTO 40.00 X X 400740 0 42783 JAMES A WENING 3.00 X 0 0 0 KARIN WINNER 2.00 X 0 0 0 VICKI L ZEIGER 3.00 X 0 0 0 ROBERT DRAKE 40.00 X 106100 0 12320 DAVID HENSON 40.00 X 133943 0 4090 MICHAEL G MURPHY 40.00 X 138177 0 14976 TODD SCHULTZ 40.00 X 139407 0 12315 MARK SOMERS 40.00 X 113813 0 14508 1032180 0 100992 6 0 1 0 EIGHTY EIGHT ENTERTAINMENT LLC PO BOX 20116 BALTIMORE MD 212840116 PROVIDE HERSHEY FELDER PERFORMANCES 196925 1 1272848 170587 806194 4641323 925329 6890952 ADMISSIONS 900099 11914045 11914045 ENHANCEMENT REVENUE 900099 793311 793311 OTHER REVENUE 900099 129278 129278 EDUCATIONAL PROGRAMS 611600 36413 36413 12873047 74920 74920 13643 13643 90980 56620 34360 34360 -675 35035 1685881 1685998 -117 -117 -117 257586 1272848 568740 -311154 -311154 701249 296594 404655 404655 PASSTHROUGH K-1 UBIT 531390 400461 400461 400461 20380767 13277702 399786 -187673 73300 73300 1133172 404294 429316 299562 9074776 7499727 1099726 475323 447457 420807 14522 12128 873442 781041 54857 37544 920737 794068 69331 57338 39176 9217 26152 3807 80750 80750 21654 21654 1591554 1484750 106804 734073 734073 142595 77817 25534 39244 198066 4389 193677 724864 724864 369414 317609 28487 23318 16847 9337 5769 1741 144021 144021 1650307 1331956 318351 142624 100077 42547 WORKERS COMP INSURANCE 469312 434336 21021 13955 HOUSING 463540 463540 BANK CHARGES 367801 268 361993 5540 SETS, PROPS, AND PAINT 350096 350096 2171863 1769828 155372 246663 22201441 17929415 3034209 1237817 47529 101240 10324856 9971920 13013327 12402915 205565 306107 117045 111890 905134 720466 44277242 12870921 32065610 31406321 238704 266671 1375738 819097 58293508 56106627 758231 1513034 3271282 4015791 3745701 3615697 2000000 500000 179940 154236 9955154 9798758 X 9337810 9284074 37028602 35181816 1971942 1841979 48338354 46307869 58293508 56106627 X -1820674 -209811 X 0 1 1 X 0 X 10155403 9937021 10040557 7155021 6890422 44178424 13834863 12074012 11965531 13422853 13574296 64871555 23990266 22011033 22006088 20577874 20464718 109049979 2232482 1323896 2479687 1540718 1459093 9035876 0 2232482 1323896 2479687 1540718 1459093 9035876 100014103 594072 511936 316642 180531 179543 1782724 30826 13201 -20799 69 399786 423083 624898 525137 295843 180600 579329 2205807 1404793 686810 408213 221871 257586 2979273 26019957 23222980 22710144 20980345 21301633 114235059 0.87550 0.86860 0.01930 0.01830 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: SPECIAL EVENT REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 348675 26800 -48 8053 367374 313477 25100 17950 7852 348675 259888 25000 37192 8603 313477 300621 25575 -57174 8318 816 259888 1.00000 1 0 1750000 1750000 4542177 1110219 3431958 33611408 8649327 24962081 4373657 3111375 1262282 31406321 20380767 22201441 -1820674 -80893 -254468 -335361 -2156035 21258140 -80893 254442 703824 877373 20380767 0 20380767 23414175 254442 958292 1212734 22201441 0 22201441 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION CONTINUES RAISING FUNDS DIRECTLY FOR THE ENDOWMENT WITH THE INTENT THAT A 5% ANNUAL DRAW WILL COVER THE STRUCTURAL DEFICIT OF EARNED/CONTRIBUTED REVENUE AND EXPENSE NEEDED TO FULFILL ITS MISSION. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE 130,110. K-1 PASSTHROUGH VS. BOOK -259,028. CONSOLIDATING AJE -125,550. TOTAL TO SCHEDULE D, PART XI, LINE 8: -254,468. PART X: THE OLD GLOBE HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2011 AND 2010. PART XII, LINE 2D, OTHER: SPECIAL EVENTS EXPENSE $568,740 COST OF GOODS SOLD $296,594 K-1 PASSTHROUGH VS. BOOK $-259,028 CHANGE IN PLEDGE ALLOWANCE $130,110 CONSOLIDATION AJE $-89,212 RENTAL EXPENSE RECLASS $56,620 TOTAL: $703,824 PART XIII, LINE 2D, OTHER: SPECIAL EVENTS EXPENSE: $568,740 COST OF GOODS SOLD: $296,594 CONSOLIDATION AJE $36,338 RENTAL EXPENSE RECLASS $56,620 TOTAL: $958,292 X X X X X X 1 THE GAVEL GROUP 13805 ALTON PARKWAY STE B IRVINE CA 92618 GALA AUCTION 0 68895 24000 44895 68895 24000 44895 CA GALA 1326812 1113722 213090 297132 VARIOUS 203622 159126 44496 271608 1530434 1272848 257586 568740 568740 -311154 1 UIVERSITY OF CALIFORNIA, SAN DIEGO, MASTERS OF ARTS PROGRAM 19 67300 0 FAIR MARKET VALUE N/A GLOBE HONORS SCHOLARSHIPS 7 6000 0 FAIR MARKET VALUE N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS/STIPENDS ARE GIVEN TO GRADUATE STUDENTS IN AN MFA PROGRAM RUN JOINTLY BY THE UNIVERSITY OF SAN DIEGO AND OLD GLOBE THEATRE. THE STIPENDS' PURPOSE FOR MFA STUDENTS IS TO COVER A SMALL PORTION OF MONTHLY LIVING EXPENSES OVER A TWO YEAR COURSE. OLD GLOBE THEATRE ALSO GIVES SCHOLARSHIPS/FELLOWSHIPS TO THE WINNERS OF GLOBE HONORS, AN AWARDS PROGRAM THAT CELEBRATES THE BEST TALENT AMONG SAN DIEGO'S HIGH SCHOOLERS. THE SCHOLARSHIPS' PURPOSE FOR GLOBE HONORS WINNERS IS TO FURTHER THEIR STUDIES IN THEATRE. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LOUIS G SPISTO 400740 0 0 0 0 0 19350 0 23433 0 443523 0 0 0 MICHAEL G MURPHY 138177 0 0 0 0 0 4259 0 10717 0 153153 0 0 0 TODD SCHULTZ 139407 0 0 0 0 0 4219 0 8096 0 151722 0 0 0 PART I, LINE 1B FIRST-CLASS TRAVEL AND SOCIAL DUES WERE PROVIDED TO THE PRESIDENT. THE BENEFITS WERE NOT TREATED AS TAXABLE INCOME AS THEY WERE 100% BUSINESS RELATED. FIRST-CLASS TRAVEL WAS APPROVED BY THE BOARD IN 2003 BECAUSE IT IS MEDICALLY RELATED. OLD GLOBE THEATRE 951543396 2010-08-12 3802430 REPAYMENT OF EXISTING NOTES PAYABLE 0 0 0 3802430 0 0 1 1 0 1 0 0 0.00000 0.08400 0.08400 1 0 0 0 0 0 1 SANDRA REDMAN BOARD MEMBER 141910 INTEREST PAYMENTS ON MORTGAGE TO COMMERCIAL BANK IN WHICH BOARD MEMBER IS AN OFFICER OF SUCH BANK. 0 X 3 6300 QUOTED VALUE OF COST X 28800 QUOTED VALUE OF COST X 11 240400 AVG. PRICE DAY OF TRANSF X COMPUTER UPGRADE - SOFTWARE, HARDWARE, LICENSES 1 491675 QUOTED VALUE OF COST X FOOD AND BEVERAGE 8 75650 COST X JEWELRY & ACCESSORIES FOR GALA AUCTION 3 24115 QUOTED VALUE OF COST X EVENT TICKETS FOR GALA AUCTION 3 6330 SALE OF COMPARABLE ITEM X DONATED TABLE GIFTS FOR EVENTS 1 38685 QUOTED VALUE OF COST X FABRIC FOR CUSTUME SHOP 1 12374 QUOTED VALUE OF COST X PHOTOS FOR GLOBE EVENTS 1 1000 QUOTED VALUE OF COST 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTIES TO SELL NON-CASH ITEMS AT AUCTION. THEY ALSO USE AN INVESTMENT BROKER TO SELL PUBLICALLY TRADED STOCK RECEIVED AS A CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP, WHO HAVE THE RIGHT TO ELECT OFFICERS AS PROPOSED TO THEM BY THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11 DIRECTOR OF FINANCE (CORPORATE OFFICER) AND TAX PREPARER COMPLETE 990, WHICH IS REVIEWED BY THE MANAGING DIRECTOR/PRESIDENT. AFTER MANAGEMENT'S APPROVAL OF THE 990, EACH MEMBER OF THE BOARD OF DIRECTORS IS PROVIDED ACCESS TO THE PUBLIC DISCLOSURE COPY OF THE 990 PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE OLD GLOBE IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF A CONFLICT ARISES, THAT BOARD MEMBER CAN NOT VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE CONTRACT FOR THE EXECUTIVE PRODUCER/PRESIDENT IS NEGOTIATED DIRECTLY WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THEIR PROCESS INCLUDES A PERSONNEL APPRAISAL, THE THEATRE COMMUNICATIONS GROUP SALARY SURVEY AND PEER DISCUSSION WITH BOARDS OF OTHER MAJOR PERFORMING ARTS INSTITUTIONS. THE MOST RECENT SEVEN-YEAR CONTRACT COVERS 1/1/11 - 12/31/17. A WRITTEN SUBSTANTIATION IS HELD IN THE FILES OF THE ORGANIZATION'S INDEPENDENT ATTORNEY. THE EXECUTIVE PRODUCER/PRESIDENT USES THE ORGANIZATION'S FORMAL APPRAISAL PROCESS, ON-GOING EVALUATIONS, AND COMPARABILITY INFORMATION FROM THE ANNUAL THEATRE COMMUNICATIONS GROUP SALARY SURVEY FOR EACH CORPORATE OFFICER AND/OR KEY EMPLOYEE. POSITIONS INCLUDE GENERAL MANAGER, DIRECTOR OF DEVELOPEMENT, DIRECTOR OF MARKETING, AND DIRECTOR OF FINANCE. THIS ANNUAL PROCESS HAS BEEN IN PLACE SINCE YEAR-BEGINNING 2004. CONTEMPORANEOUS SUBSTANTIATION IS A FINAL NEW SALARIES DOCUMENT WHICH IS SIGNED BY THE EXECUTIVE PRODUCER AND GENERAL MANAGER AND FORWARDED TO HUMAN RESOURCES AND PAYROLL FOR IMPLEMENTATION. OUTSIDE THIS PROCESS, THE POSITION OF FESTIVAL ARTISTIC DIRECTOR HAS A MULTI-YEAR, NEGOTIATED CONTRACT, WITH SAME CRITERIA USED JOINTLY BY EXECUTIVE PRODUCER/PRESIDENT AND BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -80,893. CHANGE IN ALLOWANCE 130,110. K-1 PASSTHROUGH VS. BOOK -259,028. TOTAL TO FORM 990, PART XI, LINE 5: -209,811. OLD GLOBE ENDOWMENT TRUST PO BOX 122171 SAN DIEGO CA 921122171 336125358 509(A)(3) SUPPORT ORGANIZATION OF OLD GLOBE CA 501(C)(3) 11A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GRANT FROM OLD GLOBE ENDOWMENT C 170587 BOARD APPROVED