2012-07-13T11:13:03-05:00 2011-08-31 ARMANINO MCKENNA LLP 12667 ALCOSTA BOULEVARD SUITE 500 SAN RAMON CA 945834427 990 2010-09-01 941679756 BERKELEY REPERTORY THEATRE BERK 5106472900 999 HARRISON STREET BERKELEY CA 94710 SUSAN MEDAK 5106472900 2012-07-10 1 LYNN HENLEY 9257902600 2010 2016-02-24 21:20:13Z SUSAN MEDAK 999 HARRISON STREET BERKELEY CA 94710 14293023 0 X WWW.BERKELEYREP.ORG X 1968 CA THE THEATRE PRODUCES PREMIERS OF NEW WORK AND MAJOR PRODUCTIONS FROM AN INTERNATIONAL REPERTOIRE. 32 30 330 1000 -5828 -5827 3126539 6343913 8447821 7306084 32038 -659774 38302 98281 11644700 13088504 34740 36590 0 0 6459872 6064126 50355 69997 645827 6567363 6069832 13112330 12240545 -1467630 847959 34367634 35406323 14781710 14852152 19585924 20554171 X BERKELEY REPERTORY THEATRE SEEKS TO SET A NATIONAL STANDARD FOR AMBITIOUS PROGRAMMING, ENGAGEMENT WITH ITS AUDIENCES AND LEADERSHIP WITHIN THE COMMUNITY IN WHICH IT RESIDES. WE ENDEAVOR TO CREATE A DIVERSE BODY OF WORK THAT EXPRESSES A RIGOROUS, EMBRACING AESTHETIC AND REFLECTS THE HIGHEST ARTISTIC STANDARDS, AND SEEK TO MAINTAIN AN ENVIRONMENT IN WHICH TALENTED ARTISTS CAN DO THEIR BEST WORK. WE STRIVE TO ENGAGE OUR AUDIENCES IN AN ONGOING DIALOGUE OF IDEAS, AND ENCOURAGE LIFELONG LEARNING AS A CORE COMMUNITY VALUE. THROUGH PRODUCTIONS, OUTREACH AND EDUCATION, BERKELEY REP ASPIRES TO USE THEATRE AS A MEANS TO CHALLENGE, THRILL AND GALVANIZE WHAT IS BEST IN THE HUMAN SPIRIT. 0 0 9000001 5524480 BERKELEY REPERTORY THEATRE PRESENTED 330 PERFORMANCES OF 7 SHOWS FOR AN AUDIENCE OF MORE THAN 145,000 ATTENDEES. LOCAL MEDIA CELEBRATED BERKELEY REP'S SHOWS WITH SEVERAL FRONT-PAGE STORIES, AND PLAYS DEVELOPED AT THE THEATRE RANKED AMONG THE BEST OF 2011 IN THE NEW YORK TIMES, WASHINGTON POST, WALL STREET JOURNAL, BOSTON GLOBE, SEATTLE TIMES, AND SEATTLE WEEKLY. COMPULSION EXTENDED ITS OFF-BROADWAY RUN AND TOP BRASS FROM THE PENTAGON REQUESTED AN ENCORE PERFORMANCE OF THE GREAT GAME.BERKELEY REP DEBUTED A CONTROVERSIAL NEW MONOLOGUE FROM MIKE DAISEY. THE AGONY AND THE ECSTASY OF STEVE JOBS ATTRACTED INTERNATIONAL ATTENTION, AND WENT ON TO WASHINGTON, DC AND SEATTLE BEFORE OCCUPYING OFF-BROADWAY. CRITICS ACROSS THE COUNTRY RANKED IT AMONG THE YEAR'S MOST IMPORTANT WORKS OF THEATRE.THE THEATRE ALSO PRODUCED ANOTHER AWARD-WINNING MONOLOGUE: ANNA DEAVERE SMITH'S LET ME DOWN EASY. THE NATIONAL TOUR EARNED THE BARRYMORE AWARD FOR BEST LEADING ACTRESS IN A PLAY, WHILE THE SHOW'S EXTENDED RUN IN BERKELEY RANKED AMONG THE 10 BEST OF 2011 FOR ROBERT HURWITT OF THE SAN FRANCISCO CHRONICLE AND KAREN D'SOUZA OF THE MERCURY NEWS, OAKLAND TRIBUNE, AND CONTRA COSTA TIMES. LES WATERS' STAGING OF SARAH RUHL'S THREE SISTERS ALSO MADE D'SOUZA'S TOP 10 LIST.OUR CO-PRODUCTION OF LYNN NOTTAGE'S RUINED ALSO MADE THE CUT IN THE SAN FRANCISCO CHRONICLE, AND IT LED DON AUCION'S TOP 10 IN THE BOSTON GLOBE; AND ITS CAST EARNED SEVERAL LOCAL THEATRE AWARDS. DURING THE RUN, BERKELEY REP COORDINATED WITH ALLIANCE FOR AFRICA TO SELL JEWELRY FEATURING BEADS HAND-ROLLED WITH RECYCLED PAPER MADE BY A FIVE-MEMBER BEADING GROUP NAMED LACAN PEKUM (A POOR PERSON NEVER GIVES UP IN THE STRUGGLE). EACH MEMBER HAS SURVIVED KIDNAP AND TORTURE; THROUGH THEIR WORK WITH THE BEADING GROUP, THEY CAN SUPPORT THEIR FAMILIES.FOR THE HOLIDAYS, WE PRODUCED AN AMBITIOUS WORLD PREMIERE: LEMONY SNICKET'S THE COMPOSER IS DEAD, CONCEIVED FOR THE STAGE BY LEMONY SNICKET WITH MUSIC BY NATHANIEL STOOKEY, AND FEATURING GORGEOUS SET DESIGN AND A FULL MARIONETTE ORCHESTRA BY THE WORLD-RENOWNED PHANTOM LIMB. THE SHOW WAS PRECEDED BY A SHORT FILM, THE MAGIC OF LIVING, BREATHING THEATER, ALSO WRITTEN BY MR. SNICKET AND FEATURING PUPPETS BY PHANTOM LIMB. 685929 36590 397812 AT THE BERKELEY REP SCHOOL OF THEATRE, ARTISTS OF ALL AGES AND ABILITIES ARE OFFERED THE OPPORTUNITY TO EXPERIENCE THE CRAFT AND ARTISTRY OF THEATRE AND TO ACTIVELY ENGAGE WITH THEIR OWN CREATIVITY WHILE MAKING MEANINGFUL CONNECTIONS. THE ONLY REQUIREMENT IS AN ACTIVE MIND OPEN TO IMAGINATION, COLLABORATION, HARD WORK, AND LOTS OF FUN. TWENTY THEATRE ARTS EDUCATION PROGRAMS SERVED NEARLY 24,000 STUDENTS. THE BERKELEY REP SCHOOL OF THEATRE IS COMMITTED TO WORKING WITH LOCAL SCHOOLS TO REINFORCE ARTS EDUCATION AS A COMMUNITY VALUE AND AS AN INTEGRAL PART OF OUR CULTURAL FABRIC. FREE AND LOW-COST DYNAMIC WORKSHOPS FOR ELEMENTARY, MIDDLE, AND HIGH SCHOOLS ARE OFFERED IN ALL NINE BAY AREA COUNTIES. USING THEATRE ARTS TECHNIQUES THAT ENCOURAGE TEAMWORK AND ENSEMBLE-BUILDING, OUTREACH PROGRAMS REINFORCE CALIFORNIA STATE BOARD OF EDUCATION CONTENT STANDARDS IN THE FIELDS OF ENGLISH LANGUAGE ARTS, HISTORY-SOCIAL SCIENCE, MATHEMATICS, PHYSICAL EDUCATION, AND VISUAL AND PERFORMING ARTS. 665969 1097189 IN THE SUMMER WHEN OUR MAINSTAGE SEASON IS DARK, BERKELEY REP HAS THE OPPORTUNITY TO OFFER SPECIAL-EVENT PERFORMANCES TO OUR AUDIENCES. ANNA DEAVERE SMITH'S LET ME DOWN EASY, A STUNNING PERFORMANCE ABOUT THE VULNERABILITY OF THE HUMAN BODY, THE RESILIENCE OF THE SPIRIT, AND THE PRICE OF CARE, PLAYED AS PART OF OUR LIMITED SEASON TO PACKED HOUSES AND OVERWHELMING CRITICAL PRAISE. SO WE BROUGHT IT BACK FOR AN ENCORE PERFORMANCE FROM AUGUST 10 TO SEPTEMBER 4. EARLIER IN THE SEASON, WE WELCOMED THE RETURN OF ANOTHER HIT SHOW FOR THE HOLIDAYS, MARY ZIMMERMAN'S ARABIAN NIGHTS. BOTH OF THESE SHOWS REACHED AUDIENCES WELL BEYOND OUR CORE GROUP OF SUBSCRIBERS AND RETURN SINGLE-TICKET BUYERS. AT OTHER TIMES, BERKELEY REP OPENS ITS DOORS TO ORGANIZATIONS AND INDIVIDUALS FROM THE COMMUNITY FOR A WIDE RANGE OF EVENTS. VARIOUS FACILITIES AND SPACES ARE AVAILABLE THROUGHOUT THE YEAR TO ACCOMMODATE EVENTS OF ALL SIZES AND TYPES, AND NON-PROFIT RATES ARE AVAILABLE FOR QUALIFYING COMMUNITY ORGANIZATIONS. BERKELEY REP PROVIDED FACILITIES TO PLAYWRIGHTS, LECTURERS FROM LAWRENCE BERKELEY NATIONAL LABS, BERKELEY HIGH SCHOOL TEACHERS, THEATRE BAY AREA AUDITIONS AND EVENTS, DANCE AND OTHER PERFORMANCE EVENTS. EACH YEAR BERKELEY REP HAS BEEN ONE OF THE VENUES FOR THE JEWISH FILM FESTIVAL. THE BERKELEY FIRE DEPARTMENT HOLDS ITS ANNUAL BADGE CEREMONY IN BERKELEY REP'S THEATRE AND COURTYARD. 10351899 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 110 0 1 330 1 1 1 0 0 0 0 1 1 0 0 0 1 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X X SUZANNE PETTIGREW CONTROLLER 5106472900 999 HARRISON STREET BERKELEY CA 94710 SUSAN MEDAK 40.00 X X 220850 0 19409 TONY TACCONE 40.00 X 206105 0 28903 MARJORIE RANDOLPH 1.00 X X 0 0 0 WILLIAM FALIK 1.00 X X 0 0 0 SANDRA R MCCANDLESS 1.00 X X 0 0 0 JACK SCHAFER 1.00 X 0 0 0 DAVID COX 1.00 X X 0 0 0 SCOTT HABER 1.00 X X 0 0 0 CARRIE AVERY 1.00 X 0 0 0 THALIA DORWICK 1.00 X 0 0 0 OZ ERICKSON 1.00 X 0 0 0 WILLIAM ESPEY 1.00 X 0 0 0 LISA FINER 1.00 X 0 0 0 DAVID FLEISHHACKER 1.00 X 0 0 0 KERRY FRANCIS 1.00 X 0 0 0 PAUL FRIEDMAN 1.00 X 0 0 0 DAVID HOFFMAN 1.00 X 0 0 0 CAROLE S KRUMLAND 1.00 X 0 0 0 DALE ROGERS MARSHALL 1.00 X 0 0 0 JULIE MCCRAY 1.00 X 0 0 0 HELEN MEYER 1.00 X 0 0 0 PAMELA NICHTER 1.00 X 0 0 0 MARY ANN PEOPLES 1.00 X 0 0 0 LEN RAND 1.00 X 0 0 0 RICHARD A RUBIN 1.00 X 0 0 0 EMILY SHANKS 1.00 X 0 0 0 SALLY SMITH 1.00 X 0 0 0 RICHARD SHAPIRO 1.00 X 0 0 0 ROGER STRAUCH 1.00 X 0 0 0 JEAN Z STRUNSKY 1.00 X 0 0 0 ANNE WATTIS 1.00 X 0 0 0 FELICIA WOYTAK 1.00 X 0 0 0 LYNN EVE KOMAROMI 40.00 X 111752 0 21466 KAREN RACANELLI 40.00 X 108546 0 24672 ROBERT SWEIBEL 40.00 X 104308 0 28911 LESLIE WATERS 40.00 X 115665 0 22589 SUZANNE PETTIGREW 40.00 X 100374 0 11318 967600 0 157268 7 0 1 0 VALLEE CONSTRUCTION 5360 GATEWAY PLACE DRIVE BENICIA CA 94510 GENERAL CONTRACTOR/CONSTRUCTION 2021338 TRICYCLE THEATRE 269 KILBURN HIGH ROAD LONDON UK NW67JR THEATRICAL PRODUCTION 204338 BAY AREA ARTS MARKETING 584 CASTRO STREET 473 SAN FRANCISCO CA 94114 TELEMARKETING/TELEFUNDING 167886 PEARL B YOUNG INC 162 FIFTH AVENUE 6TH FLOOR NEW YORK NY 10010 THEATRICAL PRODUCTION 146574 OPUS 3 ARTISTS 470 PARK AVENUE 9TH FLOOR NEW YORK NY 10016 THEATRICAL PRODUCTION 127500 6 360789 38800 5944324 82720 6343913 ADMISSIONS 711110 5749305 5749305 OTHER PROGRAM REVENUE 711110 809374 809374 TUITION/EDUCATION 711110 397812 397812 CONCESSIONS 711110 219476 -5258 224734 CO-PRODUCTION REVENUE 711110 72000 72000 58117 58117 7306084 87530 87530 59634 59634 136694 1234 205349 27756 -68655 -26522 -95177 -58687 -36490 4624 4849 747079 -225 -747079 -747304 -747304 219486 360789 219486 0 DEBT FORGIVENESS 900099 107658 107658 OTHER SPECIAL EVENTS 900099 26166 26166 133824 13088504 7028491 -5828 -278072 36590 36590 420000 157500 157500 105000 4552936 3801218 576714 175004 98118 76827 14325 6966 570550 445985 83450 41115 422522 338827 51373 32322 57035 57035 69997 69997 547342 534425 12917 221599 221599 646461 549173 56068 41220 22527 22527 747684 747684 394252 329126 4712 60414 292828 281135 10526 1167 328061 314939 6561 6561 797326 762447 17440 17439 182879 172702 5757 4420 MISCELLANEOUS 467547 313007 92465 62075 PRODUCTION MATERIALS 355335 355335 HOUSING 318925 318925 CREDIT CARD FEES 265122 208853 38961 17308 MAINTENANCE 245699 236061 4819 4819 179210 149541 29669 12240545 10351899 1242819 645827 1241159 175760 1755906 1504257 2743681 2951990 13539 34483 701915 567297 34871398 8691693 25205485 26179705 2596187 3880430 109762 112401 34367634 35406323 786912 751136 3207484 3196995 10166867 10168488 620447 735533 14781710 14852152 X 12936397 12502496 4399396 4701344 2250131 3350331 19585924 20554171 34367634 35406323 X 847959 120288 X X 0 1 1 X 0 X 5411788 7275348 5964568 3126540 6343913 28122157 5411788 7275348 5964568 3126540 6343913 28122157 3011835 25110322 235676 180095 200285 170768 285092 1071916 84159 115946 14548 5827 220480 943146 40389 26166 1009701 30424254 34553073 0.82530 0.84020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2259943 1100200 257800 125677 3492266 2197109 14689 95893 47748 2259943 2213034 38633 -39558 15000 2197109 0.00600 0.99400 0.00000 0 0 2802299 2802299 29021533 6825369 22196164 1792810 1555668 237142 1254756 310656 944100 26179705 EXECUTIVE RETIREMENT PLAN 457456 INTEREST RATE SWAP 278077 735533 13088504 12240545 847959 172260 -51972 120288 968247 13647260 172260 386496 558756 13088504 0 13088504 12627041 386496 386496 12240545 0 12240545 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES OF BERKELEY REPERTORY THEATRE BY PROVIDING GENERAL SUPPORT IN MEETING THE OPERATING AND PROGRAM NEEDS OF BERKELEY REPERTORY THEATRE, AS DETERMINED BY BERKELEY REPERTORY THEATRE'S BOARD OF TRUSTEES. A DONOR MAKING A CONTRIBUTION TO THE ENDOWMENT FUND MAY IMPOSE SPECIFIC USE RESTRICTIONS (A "RESTRICTED PURPOSE") ON THE DONOR'S CONTRIBUTION, PROVIDED THAT ANY SUCH RESTRICTION MUST BE CLEARLY STATED IN THE DONOR'S GIFT INSTRUMENT. IF AT ANY TIME IN THE JUDGMENT OF THE BOARD OF TRUSTEES IT IS IMPOSSIBLE OR IMPRACTICABLE TO CARRY OUT EXACTLY THE RESTRICTED PURPOSE IN THE MANNER REQUESTED BY THE DONOR, A PURPOSE AND MANNER AS NEAR AS IS PRACTICABLE TO THE RESTRICTED PURPOSE SHALL BE DETERMINED BY THE BOARD OF TRUSTEES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE THEATRE ADOPTED THE PROVISIONS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. IT EVALUATES ITS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE "MORE-LIKELY-THAN-NOT" THRESHOLD ARE RECORDED AS AN EXPENSE IN THE APPLICABLE YEAR. AS OF AUGUST 31, 2011, THE THEATRE DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. THE THEATRE FILES U.S. FEDERAL, AND U.S. STATE TAX RETURNS. FOR U.S. STATE TAX RETURNS, THE THEATRE IS GENERALLY NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2006. FOR U.S. FEDERAL TAX RETURNS, THE THEATRE IS NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS PRIOR TO 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP -51,972. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 219,486. RECLASS OF RENTAL EXPENSE 186,836. RECLASS OF ADVERTISING EXPENSE -19,826. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 219,486. RECLASS OF RENTAL EXPENSE 186,836. RECLASS OF ADVERTISING EXPENSE -19,826. X X X X X X X 1 BAY AREA ARTS MARKETING 485 CASTRO STREET 473 SAN FRANCISCO CA 94114 TELEFUNDING 0 190865 69997 120868 190865 69997 120868 CA GALA DINNER, AUCTION & RAFFLE 580275 360789 219486 118970 81494 11300 7722 580275 360789 219486 118970 81494 11300 7722 219486 0 1 SCHOLARSHIPS 68 36590 FMV SCHOLARSHIPS ARE MADE TO STUDENTS ATTENDING BERKELEY REPERTORY THEATRE'S SCHOOL OF THEATRE. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS ARE MADE TO STUDENTS ATTENDING BERKELEY REPERTORY THEATRE'S SCHOOL OF THEATRE. SCHOLARSHIP FUNDS DIRECTLY REDUCE COSTS OF ATTENDANCE. ALL APPLICANTS ARE ASKED TO SUBMIT A FINANCIAL AID APPLICATION DEMONSTRATING THEIR NEED. A COPY OF TAX RETURN IS REQUIRED. APPLICATIONS REMAIN ON FILE. SCHOOL OF THEATRE DIRECTOR, ASSOCIATE DIRECTOR, AND ADMINITSTRATOR EVALUATE REQUESTS AND SCALE AWARD IN RELATION TO AGI, ADJUSTING FOR EXTENUATING CIRCUMSTANCES, PREVIOUS AWARDS, AND PARTICIPATION IN SCHOOL OF THEATRE. X X X X X 0 1 0 0 0 0 0 0 0 SUSAN MEDAK 220850 0 0 0 0 0 6300 0 13109 0 240259 0 0 0 TONY TACCONE 206105 0 0 0 0 0 22321 0 6582 0 235008 0 0 0 PART I, LINE 4B SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (RABBI TRUST): TONY TACCONE - $16,639 X 100 FMV X 1 15008 FMV X 2 6723 FMV X AUCTION/RAFFLE - ENTERTAINMENT 51 15674 FMV X AUCTION/RAFFLE - MEALS 11 6775 FMV X AUCTION/RAFFLE - WINE 33 33361 FMV X WALLETS 1 18000 FMV X PHOTO AND LYRIC BOOK, CD 1 1697 FMV X SHAWLS 1 390 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: CARS DONATED TO BERKELEY REPERTORY THEATRE ARE SOLD BY CHARITABLE AUTO RESOURCES, INC. FOR A FEE. NET PROCEEDS ARE RECEIVED BY THE THEATRE. FORM 990, PART VI, SECTION B, LINE 11 THE MANAGING DIRECTOR, IN CONSULTATION WITH THE BOARD OR FINANCE COMMITTEE, AS THE MANAGING DIRECTOR DEEMS APPROPRIATE, IS RESPONSIBLE FOR THE TIMELY PREPARATION OF THE RETURN. THE MANAGING DIRECTOR SHALL PROVIDE THE FINANCE COMMITTEE WITH A SUBSTANTIALLY COMPLETE FORM 990 SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY THE MEMBERS OF THE FINANCE COMMITTEE. SUBSEQUENTLY, THE BOARD WILL BE INVITED TO REVIEW THE FORM 990 IN ITS ENTIRETY IN ADVANCE OF THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, THE MANAGING DIRECTOR AND ARTISTIC DIRECTOR. NO TRUSTEE MAY USE HIS OR HER POSITION AT THE ORGANIZATION FOR PERSONAL GAIN OR TO BENEFIT ANOTHER AT THE EXPENSE OF THE ORGANIZATION, ITS MISSION, OR ITS REPUTATION. EACH TRUSTEE MUST SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT AFFIRMING THEY HAVE READ THE CONFLICT OF INTEREST POLICY, ARE NOT AWARE OF ANY DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST THAT IS REQUIRED TO BE DISCLOSED, AND WILL PROMPTLY REPORT ANY FUTURE SITUATION THAT MIGHT CONSITUTE A CONFLICT OF INTEREST. IF A CONFLICT OF INTEREST FAILS TO BE DISCLOSED THE BOARD WILL INVESTIGATE THE SITUATION AND TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE ARTISTIC DIRECTOR AND THE MANAGING DIRECTOR IS NEGOTIATED BY THE BOARD PRESIDENT AND A COMMITTEE OF THE BOARD OF TRUSTEES AND APPROVED BY THE BOARD THROUGH ITS APPROVAL OF WRITTEN EMPLOYEMENT AGREEMENTS AND THE ANNUAL BUDGET PROCESS. THE BOARD (OR A BOARD COMMITTEE) REVIEWS DATA GATHERED FROM THEATRE COMMUNICATIONS GROUP AND OTHER PUBLIC DATA, TAKING INTO ACCOUNT INDIVIDUAL PERFORMANCE AND THE COST OF LIVING IN THE BERKELEY, CALIFORNIA AREA. THE BOARD REGULARLY EVALUATES THE PERFORMANCE OF THE ARTISTIC DIRECTOR AND MANAGING DIRECTOR. OTHER SALARIES ARE SUGGESTED BY MANAGEMENT AND APPROVED THROUGH THE BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 BERKELEY REPERTORY THEATRE'S FINANCIAL STATEMENTS ARE ANNUALLY PROVIDED TO DUN AND BRADSTREET. FINANCIAL STATEMENTS FOR MOST RECENTLY COMPLETED FISCAL YEAR ARE AVAILABLE ON OUR WEBSITE AND UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 172,260. LOSS ON INTEREST RATE SWAP -51,972. TOTAL TO FORM 990, PART XI, LINE 5: 120,288. FORM 990, PART XII, LINE 2C: THE PROCESS HAD NOT CHANGED FROM THE PRIOR YEAR.