2011-10-13T13:58:28-05:00 2010-12-31 MOSS ADAMS LLP 9665 GRANITE RIDGE DRIVE SUITE 600 SAN DIEGO CA 92123 990 2010-01-01 951543396 OLD GLOBE THEATRE OLDG 6192311941 PO BOX 122171 SAN DIEGO CA 921122171 LOUIS G SPISTO 6192311941 2011-10-13 1 PATRICIA J MAYER 8586271400 2010 2016-03-07 17:11:31Z LOUIS G SPISTO PO BOX 122171 SAN DIEGO CA 921122171 23055071 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 75 YEARS. THE OLD GLOBE PRODUCES A YEAR-ROUND SEASON OF 15 PLAYS AND MUSICALS, INCLUDING WORLD PREMIERES, MODERN CLASSICS, NEW MUSICALS, BROADWAY-BOUND PRODUCTIONS, AND THE HIGHLY-REGARDED SUMMER SHAKESPEARE FESTIVAL, TOTALING NEARLY 630 PERFORMANCES AND 250,000 ANNUAL ADMISSIONS. EDUCATION AND OUTREACH PROGRAMS THROUGHOUT SAN DIEGO COUNTY, INCLUDING LITERACY INITIATIVES, STUDENT MATINEES, PRE-PERFORMANCE WORKSHOPS, AND A HIGH SCHOOL SUMMER SHAKESPEARE CONSERVATORY, REACH 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 MASTER OF FINE ARTS DEGREE. THE OLD GLOBE IS AT THE FOREFRONT OF THE NATION'S LEADING PERFORMING ARTS ORGANIZATIONS, SETTING A STANDARD FOR EXCELLENCE IN AMERICAN THEATRE. 45 43 637 2300 69 2076 10040557 7155021 11557318 12822773 -82915 52073 -303896 40921 21211064 20070788 75950 75950 0 0 11417568 11897320 83198 8684 1195755 8372043 9505530 19948759 21487484 1262305 -1416696 64531367 58293508 14004291 9955154 50527076 48338354 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 17070521 12809781 THE OLD GLOBE PRODUCES 16 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 26-MEMBER ACTING COMPANY. THE GLOBE USES 3 PERFORMING SPACES WITH CAPACITIES OF 600/600/250, AND PLAYED 659 PUBLIC PERFORMANCES IN 2010 TO AN AUDIENCE OF 251,145. THE OLD GLOBE IS AT THE FOREFRONT OF THE NATION'S LEADING PERFORMING ARTS ORGANIZATIONS, SETTING A STANDARD FOR EXCELLENCE IN AMERICAN THEATER. 763914 75950 12992 EDUCATION AND OUTREACH PROGRAMS THROUGHOUT SAN DIEGO COUNTY, INCLUDING LITERACY INITIATIVES, STUDENT MATINEES, PRE-PERFORMANCE WORKSHOPS, A HIGH SCHOOL SUMMER SHAKESPEARE CONSERVATORY, AND A MIDDLE SCHOOL ACTING PROGRAM, REACH 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 MASTER OF FINE ARTS DEGREE. 17834435 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 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 1 238 0 1 637 1 1 1 0 0 0 0 1 1 0 0 0 0 X 45 43 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X MARK SOMERS DIRECTOR OF FINANCE 6192311941 1363 OLD GLOBE WAY SAN DIEGO CA 92101 ANN STECK 2.00 X 0 0 0 ANTHONY S THORNLEY 7.00 X X 0 0 0 SANDRA REDMAN 7.00 X X 0 0 0 VALERIE S COOPER 2.00 X 0 0 0 KATHRYN HATTOX 7.00 X X 0 0 0 JOSEPH BENOIT 2.00 X 0 0 0 MARY BETH ADDERLEY-WRIGHT 2.00 X 0 0 0 DONALD COHN 10.00 X X 0 0 0 PETER COOPER 3.00 X 0 0 0 DENI JACOBS 4.00 X 0 0 0 CONRAD PREBYS 3.00 X 0 0 0 BEA EPSTEN 2.00 X 0 0 0 PAMELA A FARR 2.00 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 DARWIN 4.00 X 0 0 0 ELIZABETH HELMING 2.00 X 0 0 0 HAROLD W FUSON JR 4.00 X X 0 0 0 VIVIANA IBANEZ 2.00 X 0 0 0 JO ANN KILTY 2.00 X 0 0 0 DAPHNE H JAMESON 2.00 X 0 0 0 SUSAN MAJOR 5.00 X X 0 0 0 MARSHA CHANDLER 2.00 X 0 0 0 RAFAEL PASTOR 3.00 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 H SULLIVAN PHD 3.00 X 0 0 0 EVELYN MACK TRUITT 3.00 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 PAM CESAK 2.00 X 0 0 0 STEPHEN M CUSATO 2.00 X 0 0 0 ROBERT H GLEASON 3.00 X 0 0 0 TIM HAIDINGER 2.00 X 0 0 0 MITZI YATES LIZARRAGA 2.00 X 0 0 0 CONRAD PREBYS 3.00 X 0 0 0 JERI ROVSEK 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 304350 0 39474 JAMES A WENING 3.00 X 0 0 0 ROBERT DRAKE 40.00 X 106772 0 12685 DAVID HENSON 40.00 X 135188 0 4135 MICHAEL G MURPHY 40.00 X 139158 0 15356 TODD SCHULTZ 40.00 X 140137 0 12936 MARK SOMERS 40.00 X 114264 0 15186 939869 0 99772 6 0 1 0 0 1474551 286162 606216 4788092 2258885 7155021 ADMISSIONS 900099 10849599 10849599 ENHANCEMENT REVENUE 900099 1876438 1876438 OTHER REVENUE 900099 83744 83744 EDUCATIONAL PROGRAMS 611600 12992 12992 12822773 92171 92171 19283 19283 69077 65001 4076 4076 -12519 16595 2062207 2050709 51596 11498 -51596 -40098 -40098 221871 1474551 520938 -299067 -299067 600080 296039 304041 304041 PASSTHROUGH K-1 ORDINA 531390 12588 12588 12588 20070788 13126814 69 -211116 75950 75950 1039641 373389 398572 267680 8732373 7657909 570090 504374 485004 458490 13744 12770 742731 664568 45720 32443 897571 774200 68305 55066 36135 28942 6867 326 75910 75910 8684 8684 3377 3377 1254352 1127544 124175 2633 639018 639018 152234 117843 15206 19185 162622 162622 639199 639199 302931 251282 27703 23946 9368 4114 4067 1187 171781 171781 1658552 1338634 319918 607426 528433 67921 11072 HOUSING 475003 475003 SETS, PROPS, AND PAINT 466074 466074 BANK CHARGES 458704 60707 389832 8165 ELECTRICS AND SOUND 382907 382907 MAINTENANCE 354572 308226 46346 1655365 1290222 116919 248224 21487484 17834435 2457294 1195755 34931 47529 9545278 10324856 17893039 13013327 236075 205565 121259 117045 459327 905134 43488397 11422787 33254896 32065610 1648945 238704 1337617 1375738 64531367 58293508 1865079 758231 4175268 3271282 3745701 7758297 2000000 205647 179940 14004291 9955154 X 9521286 9337810 39482921 37028602 1522869 1971942 50527076 48338354 64531367 58293508 X -1416696 -772026 X 0 1 1 X 0 X 10509774 10155403 9937021 10040557 7155021 47797776 12447285 13834863 12074012 11965531 13422853 63744544 22957059 23990266 22011033 22006088 20577874 111542320 1782826 2232482 1323896 2479687 1540718 9359609 0 1782826 2232482 1323896 2479687 1540718 9359609 102182711 498657 594072 511936 316642 180531 2101838 30035 30826 13201 -20799 69 53332 528692 624898 525137 295843 180600 2155170 1223386 1404793 686810 408213 221871 3945073 24709137 26019957 23222980 22710144 20980345 117642563 0.86860 0.87050 0.01830 0.01710 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: SPECIAL EVENT REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 313477 25100 17950 7852 348675 259888 25000 37192 8603 313477 300621 25575 -57174 8318 816 259888 1.00000 1 0 1750000 1750000 4484827 914409 3570418 33333114 7569260 25763854 3809567 2939118 870449 110889 110889 32065610 20070788 21487484 -1416696 51287 -834117 -782830 -2199526 20401613 51287 279538 330825 20070788 0 20070788 22601139 1113655 1113655 21487484 0 21487484 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 4% ANNUAL DRAW WILL COVER THE STRUCTURAL DEFICIT OF EARNED/CONTRIBUTED REVENUE AND EXPENSE NEEDED TO FULFILL ITS MISSION. PART X: THE OLD GLOBE ADOPTED NEW PROVISIONS OF ACCOUNTING STANDARD CODIFICATION 740-10, INCOME TAXES, RELATED TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS AS OF JANUARY 1, 2009. NO ADJUSTMENT TO NET ASSETS WAS REQUIRED UPON THE ADOPTION OF THE NEW PROVISIONS, AS THE OLD GLOBE HAD NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES. THE OLD GLOBE HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2010 AND 2009. PART XI, LINE 8, OTHER: CHANGE IN PLEDGE ALLOWANCE $-810,725 K-1 PASS THROUGH $-12,588 CONSOLIDATING AJE $-10,804 TOTAL: $-834,117 PART XII, LINE 2D, OTHER: SPECIAL EVENTS EXPENSE $520,938 COST OF GOODS SOLD $296,039 K-1 PASS THROUGH $-12,588 CHANGE IN PLEDGE ALLOWANCE $-810,725 IN KIND INCOME $204,133 CONSOLIDATION AJE $16,740 RENTAL EXPENSE RECLASS $65,001 TOTAL: $279,538 PART XIII, LINE 2D, OTHER: SPECIAL EVENTS EXPENSE: $520,938 COST OF GOODS SOLD: $296,039 IN KIND EXPENSE $204,133 CONSOLIDATION AJE $27,544 RENTAL EXPENSE RECLASS $65,001 TOTAL: $1,113,655 X X X X X X 1 THE GAVEL GROUP 13805 ALTON PARKWAY STE B IRVINE CA 92618 GALA AUCTION 0 155787 22500 133287 155787 22500 133287 CA GALA 1417508 1299275 118233 297199 VARIOUS 278914 175276 103638 223739 1696422 1474551 221871 520938 520938 -299067 1 UIVERSITY OF CALIFORNIA, SAN DIEGO, MASTERS OF ARTS PROGRAM 21 75950 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 ONLY TO GRADUATE STUDENTS IN AN MFA PROGRAM RUN JOINTLY BY THE UNIVERSITY OF SAN DIEGO AND OLD GLOBE THEATRE. THE STIPENDS' PURPOSE IS TO COVER A SMALL PORTION OF MONTHLY LIVING EXPENSES OVER A TWO YEAR COURSE. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LOUIS G SPISTO 304350 0 0 0 0 0 7350 0 32124 0 343824 0 0 0 MICHAEL G MURPHY 139158 0 0 0 0 0 4299 0 11057 0 154514 0 0 0 TODD SCHULTZ 140137 0 0 0 0 0 4259 0 8677 0 153073 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 2011-08-12 3802430 REPAYMENT OF EXISTING NOTES PAYABLE 0 0 0 3802430 0 0 1 1 0 0 0 0 0.17000 0.17000 1 0 0 0 0 0 1 SANDRA REDMAN BOARD MEMBER 160348 INTEREST PAYMENTS ON MORTGAGE TO COMMERCIAL BANK IN WHICH BOARD MEMBER IS AN OFFICER OF SUCH BANK. 0 X 1 1000 QUOTED VALUE OF COST X 13375 QUOTED VALUE OF COST X 11 2072440 AVG. PRICE DAY OF TRANSF X FOOD AND BEVERAGE 9 67029 COST X JEWELRY FOR GALA AUCTION 3 38176 QUOTED VALUE OF COST X EVENT TICKETS FOR GALA AUCTION 3 5160 SALE OF COMPARABLE ITEM X DONATED TABLE GIFTS FOR EVENTS 1 25033 QUOTED VALUE OF COST X FABRIC FOR COSTUME SHOP 1 28972 QUOTED VALUE OF COST X PORTRAIT SITTING FOR GALA AUCTION 3 7700 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 EXECUTIVE PRODUCER/CORPORATE PRESIDENT. AFTER MANAGEMENT'S APPROVAL OF THE 990, THE AUDIT COMMITTEE REVIEWS THE RETURN THEN APPROVES FOR SUBMISSION TO THE IRS. EACH MEMBER OF THE BOARD OF DIRECTORS IS PROVIDED ACCESS TO A 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 THREE-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, HOWEVER DUE TO FINANCIAL CONSIDERATIONS, NO ANNUAL SALARY INCREASES HAVE BEEN GRANTED SINCE YEAR-BEGINNING 2008. 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 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 51,287. CHANGE IN ALLOWANCE -810,725. K-1 INCOME -12,588. TOTAL TO FORM 990, PART XI, LINE 5: -772,026. 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 286162