2012-11-20T09:33:50-06:00 2012-06-30 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE STE 1400 BALTIMORE MD 21202 990 2011-07-01 520780194 CENTER STAGE ASSOCIATES INC CENT 4109864000 700 NORTH CALVERT STREET BALTIMORE MD 21202 SUSAN ROSEBERY 4109864003 2012-11-20 1 JULIA FLANNERY CPA P00928918 4102469300 2011 2016-02-24 21:20:13Z KWAME KWEI-ARMAH 700 NORTH CALVERT STREET BALTIMORE MD 21202 11971489 0 X WWW.CENTERSTAGE.ORG X 1963 MD TO PROMOTE AND ENCOURAGE PUBLIC INTEREST IN AND SUPPORT OF DRAMA AND THE THEATER IN GENERAL, ALONG WITH THE PRODUCTION OF AND EXHIBITION TO THE GENERAL PUBLIC OF PLAYS, MUSICALS, AND OTHER ENTERTAINMENT. THE THEATER ALSO EDUCATES THE GENERAL PUBLIC ABOUT DRAMA AND THEATER BY OFFERING EDUCATIONAL PROGRAMS THROUGHOUT THE STATE OF MARYLAND. 50 46 234 600 12118 -23606 2363199 2410007 2821765 2905696 988068 671512 521990 538261 6695022 6525476 0 0 0 0 4259075 4343787 0 0 360546 3237550 3204785 7496625 7548572 -801603 -1023096 26847455 25423563 1284623 1312172 25562832 24111391 CENTERSTAGE IS AN ARTISTICALLY DRIVEN INSTITUTION COMMITTED TO ENGAGING, EDUCATING, AND EXPANDING THE HORIZONS OF DIVERSE AUDIENCES THROUGH CHALLENGING, BOLD, THOUGHT-PROVOKING CLASSICAL AND CONTEMPORARY THEATER. 0 0 5670426 2886441 CENTERSTAGE'S PROGRAMMING IS NOTED FOR ITS UNPRECEDENTED STYLISTIC DIVERSITY. WE HAVE TWO THEATERS, ON WHICH WE PRODUCE 7 PRODUCTIONS RUNNING THE GAMUT FROM REINVENTED CLASSICS TO CONTEMPORARY WORK FROM NEW PLAYWRIGHTS. 235393 26594 CENTERSTAGE'S EDUCATION PROGRAMS ANNUALLY BENEFIT 10,000 STUDENTS AND TEACHERS. INNOVATIVE PROGRAMS INTRODUCE STUDENTS TO THE PERFORMING ARTS; ENHANCE THEIR CLASSROOM STUDIES OF LITERATURE, HISTORY, AND SOCIAL SCIENCES; AND HELP BUILD THE NEXT GENERATION OF WELL-ROUNDED CITIZENS. LISTED ARE A FEW OF OUR PROGRAMS; STUDENT MATINEES, ENCOUNTER, YOUNG PLAYWRIGHTS FESTIVAL, KICKIN'IT WITH THE 'RENTS, AND SUMMER INTENSIVE. 26834 754 CENTERSTAGE SUPPORTS ARTISTS, BOTH NEW AND ESTABLISHED AND CONTINUES TO COMMSISSION, DEVELOP AND PRODUCE NEW AND CONTEMPORARY WORK. THE THEATER INCLUDES LEADING NATIONAL AND INTERNATIONAL ARTISTS IN NEW COLLABORATIONS AND MAINTAINS AND EXPANDS A VARIED AND INTEGRAL GROUP OF ARTISTS WHO CONTRIBUTE TO OUR WORK AND SERVE AS ACTIVE AMBASSADORS TO THE COMMUNITY. 5932653 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 101 0 1 234 1 1 1 0 0 0 0 1 1 0 0 0 1 0 X 50 46 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X SUSAN ROSEBERY 4109864000 700 N CALVERT ST BALTIMORE MD 21202 ROBERT W SMITH 10.00 X X 0 0 0 EDWARD C BERNARD 4.00 X X 0 0 0 JULIET EURICH 4.00 X X 0 0 0 TERRY H MORGENTHALER 4.00 X X 0 0 0 E FOLLIN SMITH 4.00 X X 0 0 0 KATHERINE L VAUGHNS 4.00 X X 0 0 0 STEPHANIE CARTER 1.00 X 0 0 0 AUGUST J CHIASERA 1.00 X 0 0 0 MARJORIE RODGERS CHESHIRE 1.00 X 0 0 0 JANET CLAUSON 1.00 X 0 0 0 LYNN DEERING 1.00 X 0 0 0 JED DIETZ 1.00 X 0 0 0 WALTER B DOGGETT III 1.00 X 0 0 0 JANE WI DROPPA 1.00 X 0 0 0 BRIAN EAKES 1.00 X 0 0 0 BETH W FALCONE 1.00 X 0 0 0 C RICHARD GAMPER JR 1.00 X 0 0 0 SUZAN GARABEDIAN 1.00 X 0 0 0 JOHN R GILBERT 1.00 X 0 0 0 CAROLE GOLDBERG 1.00 X 0 0 0 ANA GOLDSEKER 1.00 X 0 0 0 ADAM GROSS 1.00 X 0 0 0 CHERYL O'DONNELL GUTH 1.00 X 0 0 0 JOHN J KEENAN 1.00 X 0 0 0 E ROBERT KENT JR 1.00 X 0 0 0 KATHLEEN W HYLE 1.00 X 0 0 0 TED E IMES 1.00 X 0 0 0 JONNA GANE LAZARUS 1.00 X 0 0 0 KENNETH C LUNDEEN 1.00 X 0 0 0 JOHN MESSMORE 1.00 X 0 0 0 J WILLIAM MURRAY 1.00 X 0 0 0 CHARLES E NOELL 1.00 X 0 0 0 BETH S PERLMAN 1.00 X 0 0 0 PHILIP J RAUCH 1.00 X 0 0 0 CAROL RECKLING 1.00 X 0 0 0 HAROLD ROJAS 1.00 X 0 0 0 RENEE C SAMUELS 1.00 X 0 0 0 TODD SCHUBERT 1.00 X 0 0 0 STEVE SCHWARTZMAN 1.00 X 0 0 0 SCOTT SOMERVILLE 1.00 X 0 0 0 SCOT T SPENCER 1.00 X 0 0 0 MICHAEL BSTYER 1.00 X 0 0 0 RONALD W TAYLOR 1.00 X 0 0 0 DONALD THOMS 1.00 X 0 0 0 ROBERT L WALLACE 1.00 X 0 0 0 JW THOMPSON WEBB 1.00 X 0 0 0 RONALD M WILNER 1.00 X 0 0 0 CHERYL WILLIAMS 1.00 X 0 0 0 JUDY M WITT 1.00 X 0 0 0 LINDA S WOOLF 1.00 X 0 0 0 KWAME KWEI-ARMAH 60.00 X 72186 0 4085 SUSAN ROSEBERY 60.00 X 84400 0 8499 STEPHEN RICHARD 60.00 X 0 0 0 156586 0 12584 0 0 0 0 PLANIT 500 E PRATT ST BALTIMORE MD 21202 ADVERTISING 182028 SASCHA'S 527 N CHARLES ST BALTIMORE MD 21202 CATERING 130027 ART LITHO COMPANY 3500 MARMENCO COURT BALTIMORE MD 21230 PRINTING 104516 3 108462 655297 1646248 159586 2410007 SEASON / SINGLE SALES 900099 2461195 2461195 SUBSCRIBER SVCS / BOOK 900099 206883 206883 REFRESHMENTS 900099 198907 198907 EDUCATION WORKSHOPS 900099 26593 26593 ADVERTISING SPONSORSHI 511190 12118 12118 2905696 431054 431054 87880 0 87880 87880 87880 5533636 5291426 1752 242210 -1752 240458 240458 583005 108462 152835 430170 430170 MISCELLANEOUS 900099 20211 20211 20211 6525476 2913789 12118 1189562 339876 197212 124588 18076 3302127 2456852 559345 285930 72601 62370 8526 1705 238276 194821 36361 7094 390907 296043 77860 17004 44249 22125 22124 36176 10536 25640 89254 89254 588599 588599 363711 327182 36529 283482 170459 84954 28069 54758 38331 16427 163421 163421 402488 315208 87280 135093 123817 9518 1758 17493 2507 14076 910 510843 459759 51084 59033 47226 11807 PRODUCTION BUILD EXP. 395718 395718 CONCESSION SERVICES 60467 60467 7548572 5932653 1255373 360546 2750 2724970 2200228 609577 171449 70348 119572 185960 287416 15528398 8368275 7110804 7160123 12389994 12065473 3418948 3061644 336854 354908 26847455 25423563 180869 103142 1103754 1199567 0 9463 1284623 1312172 X 13793471 13348578 1986265 979717 9783096 9783096 25562832 24111391 26847455 25423563 X -1023096 -428345 X 0 1 1 X 0 X 2847848 2428710 2428982 2363199 2410007 12478746 2847848 2428710 2428982 2363199 2410007 12478746 12478746 686642 551860 506842 482755 518934 2747033 30641 11722 11035 16291 20211 89900 15315679 16002605 0.81480 0.82110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17065190 18053 242408 1080204 16245447 15098531 15570 3198003 1246914 17065190 14552124 14152 1852255 1320000 15098531 19156454 63510 -3077840 1590000 14552124 0.34370 0.60220 0.05410 0 0 12514717 6270907 6243810 2986404 2097368 889036 27277 27277 7160123 T ROWE PRICE EQUITY INCOME FD #71 1750460 F VANGUARD EQUITY INCOME 1311184 F 3061644 CAPITAL LEASE PAYABLE 9463 9463 6525476 7548572 -1023096 -428345 -428345 -1451441 6249966 -428345 152835 -275510 6525476 0 6525476 7701407 152835 152835 7548572 0 7548572 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY, THE INCOME FROM WHICH IS EXPENDABLE TO SUPPORT EDUCATION, DRAMATURGY, AND ARTISTIC INITIATIVES. BOARD DESIGNATED FUNDS ARE FOR GENERAL OPERATING EXPENSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE THEATER HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS POLICY, THE THEATER MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE THEATER'S TAX POSITIONS AND HAS CONCLUDED THAT THE THEATER HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. THE THEATER IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2009. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 152,835. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 152,835. GALA 508554 102462 406092 85094 ON LINE AUCTION 151139 6000 145139 51954 1 31774 31774 15787 691467 108462 583005 152835 152835 430170 SIDNEY WILNER FAMILY MEMBER OF RON WILNER, TRUSTEE 22500 CONSULTANT ON FUNDRAISING EVENTS FOR THE THEATER. 0 M&T BANK AUGUST CHIASERA 111479 PROVIDES ENDOWMENT TRUSTEE SERIVCES FOR THE THEATER. 0 BANK OF AMERICA C. RICHARD GAMPER 130592 PROVIDES BANKING SERVICES TO THE THEATER. 0 CONSTELLATION ENERGY KATHI HYLE 102760 PROVIDES GAS AND ELECTRICITY TO THE THEATER. 0 X 43 23555 FMV X 1 3285 X BOUTIQUE 53 15334 FMV X JEWELRY 17 7966 FMV X ONE OF A KIND 28 15450 FMV X SPORTS & HOBBIES 70 20480 FMV X TICKETS 107 20302 FMV X HOME, GARDEN & OFFICE 58 33056 FMV X HEALTH & BEAUTY 52 15066 FMV X MEMORABILIA 15 5092 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 REQUESTS FOR INFORMATION IS DISSEMINATED TO THE RESPONSIBLE MANAGERS WITHIN THE ORGANIZATION BY THE DIRECTOR OF FINANCE. MATTERS PERTAINING TO CONTRIBUTED INCOME ARE FURNISHED BY THE DIRECTOR OF DEVELOPMENT, PAYROLL BY THE BUSINESS MANAGER, FINANCIAL BY THE DIRECTOR OF FINANCE, AND GOVERNANCE/COMPLIANCE BY THE CHAIR OF THE BOARD OF TRUSTEES COMMITTEE. A DRAFT 990 IS COMPILED BY THE DIRECTOR OF FINANCE (DOF) AND DISTRIBUTED TO: THE CHAIR OF THE BOARD OF TRUSTEES COMMITTEE, CHAIR OF THE BOARD OF TRUSTEES AUDIT COMMITTEE, MANAGING DIRECTOR, AND DEVELOPMENT DIRECTOR FOR REVIEW. EDITS ARE COLLECTED AND INPUT BY DOF AND THE DOCUMENT IS SUBMITTED TO OUR INDEPENDENT TAX ADVISOR FIRM MCGLADREY & PULLEN WHO REVIEWS THE INFORMATION AND FILLS OUT THE FORM. A PRELIMINARY RETURN IS DISSEMINATED TO THE OFFICERS AND BOARD FOR FINAL REVIEW PRIOR TO FINAL SUBMISSION TO IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIR OF THE BOARD OF TRUSTEES COMMITTEE REVIEWS THE POLICY EACH YEAR FOR REVELANCY. IT IS THEN DISTRIBUTED TO APPROPRIATE PARTIES BY THE ASSOCIATE MANAGING DIRECTOR WHO MONITORS THEIR SIGNATURE AND RETURN. FORM 990, PART VI, SECTION B, LINE 15 EVERY SEASON EMPLOYEES COMPENSATION IS EVALUATED AND COMPARED WITH DATA AVAILABLE THROUGH OUR TRADE ORGANIZATION, THEATER COMMUNICATIONS GROUP. SALARY LEVELS ARE REVIEWED AND APPROVED BY THE MANAGING DIRECTOR, HUMAN RESOURCES AND/OR DIRECTOR OF FINANCE. THE MANAGING DIRECTOR AND ARTISTIC DIRECTORS COMPENSATION PACKAGE IS DETERMINED, REVIEWED AND APPROVED BY THE PRESIDENT OF THE BOARD OF TRUSTEES. EMPLOYMENT UNDERSTANDING MEMOS ARE ISSUED AND SIGNED BY EACH EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR PUBLIC INSPECTION AT OUR THEATERS'S OFFICES AND ARE AVAILABLE ELECTRONICALLY OR IN PAPER UPON REQUEST. IN ADDITION, OUR FINANCIAL STATEMENTS AND TAX RETURNS ARE POSTED ON OUR WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -428,345. FEES FOR SERVICES - OTHER FORM 990, PART IX, LINE 11G INCLUDES FEES PAID TO ARTISTIC CONSULTANTS (DIRECTORS, CHOREOGRAPHERS, SPEECH COACHES, DRAMATURGES, PLAYWRIGHTS, COMPOSERS AND CASTING DIRECTORS) AND SET, COSTUME, LIGHT AND SOUND DESIGNERS.