2024-06-17T13:12:39-05:00 2023-07-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2022-08-01 521405988 THE SHAKESPEARE THEATRE SHAK 2025473230 516 8TH STREET WASHINGTON DC 200032834 SUSIE MEDAK INTERIM EXECUTIVE DIRECTOR 2025473230 2024-06-17 1 SUSIE MEDAK 999009999 1 CHRISTOPHER LEHMAN P02033500 4105840060 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUSIE MEDAK 516 8TH STREET WASHINGTON DC 200032834 15549301 0 X WWW.SHAKESPEARETHEATRE.ORG X 1985 DC SHAKESPEARE THEATRE COMPANY CREATES WORLD-CLASS (SEE SCHEDULE O FOR CONTINUATION) 36 37 439 300 0 0 13137766 7499661 8924214 6897306 301015 252406 357780 541578 22720775 15190951 84879 36875 0 0 9223742 9374977 0 0 1180967 10892464 9793182 20201085 19205034 2519690 -4014083 68738785 64257141 16681848 15956112 52056937 48301029 X THE SHAKESPEARE THEATRE COMPANY CREATES, PRESERVES AND PROMOTES CLASSIC THEATRE-AMBITIOUS, ENDURING PLAYS WITH UNIVERSAL THEMES-FOR ALL AUDIENCES. THROUGH THE CREATION OF PROVOCATIVE, IMAGINATIVE, AND ACCESSIBLE THEATRE, STC IGNITES A DIALOGUE THAT CONNECTS THE UNIVERSALITY OF CLASSIC WORKS TO THE SHARED HUMAN EXPERIENCES OF THE MODERN WORLD. 0 0 12853664 5730856 PERFORMING ARTS PROGRAMS: AT STC, A CLASSICAL PLAY IS DEFINED NOT ONLY BY THE CALIBER OF ITS LANGUAGE, BUT BY THE TIMELESSNESS OF THE HUMAN EXPERIENCES AND DILEMMAS IT ADDRESSES AND THE PROFOUND QUESTIONS IT POSES. FAMILY, LOVE, POWER, CORRUPTION, ARE ALL THEMES WITH RELEVANCE TO PEOPLE REGARDLESS OF BACKGROUND, WHICH ARE ESPECIALLY TIMELY IN LIGHT OF CURRENT NATIONAL AND INTERNATIONAL POLITICAL, SOCIAL, AND ECONOMIC CHALLENGES.SINCE ITS FOUNDING IN 1985, STC HAS STAGED MORE THAN 150 PRODUCTIONS, INCLUDING EVERY PLAY IN SHAKESPEARE'S RECOGNIZED CANON, AND REACHED OVER 2.5 MILLION AUDIENCE MEMBERS. STC PRODUCES 6-7 MAINSTAGE PRODUCTIONS ANNUALLY. ARTISTIC DIRECTOR SIMON GODWIN CULTIVATES A SEASON OF NEW AND CLASSIC THEATRE RANGING FROM SHAKESPEARE PLAYS TO NEW REVIVALS AND WORLD PREMIERES, NEW COMMISSIONS, MUSICALS, AND INTERNATIONAL PRESENTATIONS, TELLING VITAL STORIES IN AUDACIOUS, NEW WAYS THAT SPEAK TO A WIDE AUDIENCE.SHAKESPEARE IS OUR MUSE, AND STC'S FRESH TAKES ON WELL-KNOWN PLAYS SOLIDIFIED STC'S REPUTATION AS T "THE NATION'S FOREMOST SHAKESPEARE COMPANY" (THE WALL STREET JOURNAL) (PRODUCING "A REPERTORY OF CLASSICS THAT NO NEW YORK THEATRE OF SIMILAR SIZE AND SCALE CAN MATCH" (THE NEW YORK TIMES). STC HAS ATTRACTED MAJOR RECOGNITION INCLUDING THE 2012 REGIONAL THEATRE TONY AWARD AND 100+ HELEN HAYES AWARDS.THE THEATRE COMMISSIONS ADAPTATIONS OF CLASSIC PLAYS SUCH AS AESCHYLUS'S "THE ORESTEIA" IN 2019, ADAPTED BY ELLEN MCLAUGHLIN AND "PETER PAN AND WENDY," AN ADAPTATION OF J.M. BARRY'S EARLY 20TH C. NOVEL BY AMERICAN PLAYWRIGHT LAUREN GUNDERSON. ARTISTIC DIRECTOR SIMON GODWIN HAS EXPANDED INTO AMERICAN CLASSICS, PRODUCING JAMES BALDWIN'S "THE AMEN CORNER" IN 2020, THE FIRST MAJOR PRODUCTION SINCE ITS 1955 PREMIERE AT HOWARD UNIVERSITY AND THORNTON WILDER'S PULITZER PRIZE WINNING OUR TOWN IN 2022. EQUITY, ACCESSIBILITY AND INCLUSIVITY ARE CORE TO STC'S MISSION, AND UNDER GODWIN'S LEADERSHIP, STC INITIATED "THE SHIFT," A MULTI-YEAR PLAN TO INCREASE DIVERSITY, EQUITY, AND INCLUSIVITY AT EVERY LEVEL OF THE ORGANIZATION, FROM THE ACTORS AND WORKS ONSTAGE, TO STAFF AND BOARD, TO EXTERNAL PARTNERS. THE DIRECTOR OF EQUITY AND ENRICHMENT, A SENIOR STAFF POSITION CREATED IN 2020, MANAGES INTERNAL EQUITY ISSUES AND WORKS WITH THE DIRECTOR OF HUMAN RESOURCES TO RECRUIT DIVERSE CANDIDATES AND CULTIVATE COMMUNITY PARTNERSHIPS WITH DIVERSE AND MINORITY-LED ORGANIZATIONS. TO MAKE THE THEATRE MORE ACCESSIBLE, STC OFFERS FREE OR DISCOUNTED TICKETS TO STUDENTS, VETERANS, SENIORS, YOUNG PROFESSIONALS, AND OTHER COMMUNITY GROUPS THAT COULD NOT ATTEND OTHERWISE. STC'S COMMUNITY ENGAGEMENT PROGRAMS ARE FREE TO THE PUBLIC AND INCLUDE DISCUSSIONS CURATED BY STC'S STAFF, PODCASTS FEATURING INTERVIEWS WITH ARTISTS AND DIRECTORS FROM CURRENT PRODUCTIONS, PERFORMANCES BY LOCAL ARTISTS AND ART ORGANIZATIONS, WORKSHOPS, AND MORE. 1024115 36875 1166450 EDUCATION PROGRAMS: STC'S ENGAGEMENT AND EDUCATION DEPARTMENT HAS PROVIDED ARTS EDUCATION EXPERIENCES TO OVER 100,000 CHILDREN AND ADULTS . THROUGH ACCESSIBLE, HIGH-CALIBER EDUCATION PROGRAMS LED BY PROFESSIONAL TEACHING ARTISTS, STC TOUCHES PEOPLE OF ALL AGES AND BACKGROUNDS, AND THROUGH STC ACADEMY, ITS GRADUATE TRAINING PROGRAM, STC FOSTERS THE NEXT GENERATION OF CLASSICAL ARTISTS.RENAMED AS STC LEARNING, THE TEAM MAINTAINS LONGTIME PARTNERSHIPS WITH ALL DC PUBLIC AND PUBLIC CHARTER SCHOOLS, AS WELL AS SCHOOLS IN MARYLAND AND VIRGINIA. WORKING WITH LOCAL TEACHERS, STC INTEGRATES COMMON CORE-ALIGNED THEATRE ARTS EDUCATION PROGRAMMING INTO INDIVIDUAL CLASSROOMS. BORN OUT OF NECESSITY DURING THE PANDEMIC, STC IS DEVELOPING INNOVATIVE ONLINE PROGRAMS TO REACH PARTICIPANTS ACROSS THE COUNTRY. STC OFFERS A VARIETY OF EDUCATIONAL PROGRAMMING. THE LEARNING DEPARTMENT OFFERS THREE LEVELS OF ENGAGEMENT FOR MIDDLE AND HIGH SCHOOL STUDENTS: 1) STUDENT MATINEES, THE LARGEST EDUCATIONAL PROGRAM, BRING STUDENTS FROM THE DC, MARYLAND, AND VIRGINIA TO THE THEATRE FOR AN STC MATINEE AT LITTLE COST, PROVIDING MANY STUDENTS THEIR FIRST INTRODUCTION TO LIVE THEATRE. PERFORMANCES ARE SUPPLEMENTED BY PRE-SHOW WORKSHOPS AND POST-SHOW TALKBACKS; 2) WORKSHOPS SEND TEACHING ARTISTS TO LOCAL CLASSROOMS TO SUPPORT STUDENTS AND TEACHERS STUDYING SHAKESPEARE WITH PERFORMANCE-BASED ACTIVITIES THAT PROMOTE ACTIVE LEARNING; AND 3) RESIDENCIES PROVIDE A CLASSROOM WITH 10 TEACHING ARTIST-LED WORKSHOPS, DURING WHICH STUDENTS EXAMINE THREE DIFFERENT PLAYS THROUGH A VARIETY OF LENSES INCLUDING SET DESIGN, COSTUMES, CHARACTER DEVELOPMENT, TEXT DISSECTION, AND MORE. STUDENTS THEN CHOOSE ONE OF THESE PLAYS AND CREATE A FINAL PERFORMANCE BASED ON WHAT THEY'VE LEARNED IN THEIR WORKSHOPS CULMINATING WITH STUDENTS FROM EACH CLASS DEVELOPING AND PERFORMING THEIR OWN VERSION OF A SCENE FROM THE PLAY AT A "FESTIVAL DAY" FOR FRIENDS, FAMILY, AND OTHER PARTICIPATING CLASSROOMS. STC ALSO OFFERS A VARIETY OF ACTING CLASSES FOR YOUTH AND ADULTS, AS WELL AS 10 WEEKS OF CAMP SHAKESPEARE FOR AGES 5 18.STC OFFERS NUMEROUS FREE PROGRAMS INCLUDING DISCUSSIONS, PODCASTS, "ASIDES," STC'S DRAMATURGICAL MAGAZINE PRODUCED FOR EACH PLAY, A COMPREHENSIVE "GUIDE TO THE SEASON'S PLAYS," ALONG WITH ADULT CLASSES IN ACTING AND PROFESSIONAL DEVELOPMENT FORBOTH AMATEUR AND PROFESSIONAL ACTORS. STC'S COMMUNITY ENGAGEMENT PROGRAMS BUILD CONNECTIONS WITH DC RESIDENTS AND LOCAL ARTISTS. STC HAS DEVELOPED PARTNERSHIPS WITH LOCAL ORGANIZATIONS INCLUDING HOWARD UNIVERSITY AND THE NATIONAL MUSEUM FOR AFRICAN AMERICAN HISTORY AND CULTURE TO PROVIDE ACCESSIBLE PUBLIC PROGRAMMING COMPLEMENTING THE WORK ON STAGE LIKE 2020'S "AMEN BALDWIN: A LIVING CELEBRATION," WHICH OFFERED A FILM SERIES, PERFORMANCES, EXHIBITIONS, LECTURES, AND MORE. STC PARTICIPATES IN REGIONAL FESTIVALS, PROVIDING DEMONSTRATIONS AND EDUCATIONAL MATERIALS AND OFFERS VOLUNTEER OPPORTUNITIES FOR HIGH SCHOOL AND COLLEGE STUDENTS.IN PARTNERSHIP WITH GEORGE WASHINGTON UNIVERSITY, STC OFFERS A MASTER OF FINE ARTS DEGREE TO TRAIN THE NEXT GENERATION OF ACTORS. THE ACADEMY FOR CLASSICAL ACTING (ACA) IS FULLY ACCREDITED AND HIGHLY COMPETITIVE. NOW ENTERING ITS 24TH YEAR, THE ACA TYPICALLY ACCEPTS ONLY 18-20 APPLICANTS PER YEAR TO ENSURE RIGOROUS, INTENSIVE TRAINING. STUDENTS OFTEN SERVE AS UNDERSTUDIES IN MAJOR STC PRODUCTIONS, AND ALUMNI PERFORM IN PROFESSIONAL THEATRE COMPANIES AROUND THE COUNTRY. 13877779 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 152 0 1 439 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE SHAKESPEARE THEATRE 2025473230 516 8TH STREET WASHINGTON DC 200032834 SIMON GODWIN ARTISTIC DIRECTOR (EX OFFICIO) 40.00 X X 337830 0 30229 CHRIS JENNINGS EX OFFICIO NON-VOTIN EXECUTIVE DIRECTOR (EX OFFICIO) 40.00 X X 323599 0 28656 ABBE DAVID LOWELL VICE CHAIRMAN 5.00 X X 0 0 0 EMILY LENZNER SECRETARY 2.00 X X 0 0 0 MICHAEL PAESE TREASURER 2.00 X X 0 0 0 ANITA ANTENUCCI CHAIRMAN 5.00 X X 0 0 0 NICHOLAS W ALLARD TRUSTEE 1.00 X 0 0 0 MICHAEL BAHAR TRUSTEE 1.00 X 0 0 0 JEFFREY D BAUMAN TRUSTEE 1.00 X 0 0 0 MICHAEL BERISS TRUSTEE 1.00 X 0 0 0 LANDON BUTLER TRUSTEE 1.00 X 0 0 0 MONICA DIXON TRUSTEE 1.00 X 0 0 0 STEVE ELMENDORF TRUSTEE 1.00 X 0 0 0 DR MARK EPSTEIN TRUSTEE 1.00 X 0 0 0 STEPHANIE ERKILETIAN TRUSTEE 1.00 X 0 0 0 NICOLE FRANCIS REYNOLDS TRUSTEE 1.00 X 0 0 0 MICHELLE GILLIS TRUSTEE 1.00 X 0 0 0 BARBARA HARMAN TRUSTEE 1.00 X 0 0 0 SCOTT KAUFMANN TRUSTEE 1.00 X 0 0 0 SUDHAKAR KESAVAN TRUSTEE 1.00 X 0 0 0 J KENDALL LOTT TRUSTEE 1.00 X 0 0 0 GAIL MACKINNON TRUSTEE 1.00 X 0 0 0 BERNARD F MCKAY TRUSTEE 1.00 X 0 0 0 MAUREEN MCMURPHY TRUSTEE 1.00 X 0 0 0 DR MICHELLE MCMURRAY-HEATH TRUSTEE 1.00 X 0 0 0 MELISSA A MOSS TRUSTEE 1.00 X 0 0 0 KARISHMA SHAH PAGE TRUSTEE 1.00 X 0 0 0 DAME KAREN PIERCE DCMG TRUSTEE 1.00 X 0 0 0 VINCENT ROBERTI TRUSTEE 1.00 X 0 0 0 STEPHEN M RYAN TRUSTEE 1.00 X 0 0 0 SUMEET SHRIVASTAVA TRUSTEE 1.00 X 0 0 0 ROB WILDER TRUSTEE 1.00 X 0 0 0 STEPHEN M RYAN TRUSTEE 1.00 X 0 0 0 LAURA WILLUMSEN SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 171022 0 11171 NEAL RACIOPPO SENIOR DIRECTOR OF MARKETING AND PUBLIC RELATIONS 40.00 X 121016 0 16692 JAMES W ROEMER SENIOR DIRECTOR OF ADMINISTRATION 40.00 X 122507 0 12708 TOM HAYGOOD SENIOR DIRECTOR OF PRODUCTION 40.00 X 104212 0 15939 1180186 0 115395 6 0 1 0 THEATRE SANS BORDERS LLC 548 ROUTE 9D BEACON NY 12508 ARTISTIC PRODUCTION SERVICES 419516 2020 TEKNOLOGY LLC 9175 GUILFORD ROAD SUITE 101 COLUMBIA MD 21046 IT MAINTENANCE SERVICES 273802 GRASSROOT COMMUNICATION 6223 BEALETON ROAD BEALETON VA 22712 ADVERTISMENT & PRINTING SERVICES 167707 FELLOWSHIP OF THE PERFORMING ARTS INC 260 WEST 44TH STREET SUITE 401 NEW YORK NY 10036 ARTISTIC PRODUCTION SERVICES 162495 ONCE UPON A ONE MORE TIME LLC 260 WEST 44TH STREET SUITE 600 NEW YORK NY 10036 ARTISTIC PRODUCTION SERVICES 137880 5 857106 6642555 7499661 PRODUCTIONS 711110 5278677 5278677 EDUCATIONAL PROGRAMS 711110 1166450 1166450 TOUR INCOME AND BOOKINGS 711110 292370 292370 CONCESSIONS AND OTHER SALES 711110 159809 159809 6897306 252406 252406 0 857106 358350 -358350 -358350 OTHER INCOME 711110 899928 899928 899928 15190951 7797234 0 -105944 36875 36875 1295581 1099795 116243 79543 6189145 5160655 809358 219132 153224 116663 31741 4820 1120821 995714 69292 55815 616206 500828 64106 51272 12095 12095 48180 48180 750730 317388 192098 241244 325653 325653 683772 616465 1874 65433 515903 515903 153820 153820 1924308 1859107 65201 105551 79647 18121 7783 718563 154011 532244 32308 1860393 1860393 183960 183960 MISCELLANEOUS 1212547 968769 136583 107195 PRODUCTION FEES 999750 976486 23264 CATERING 227957 227957 BAD DEBT 70000 70000 19205034 13877779 4146288 1180967 7075816 4354058 2392083 1715039 367028 175222 398313 449750 87548688 35316755 53355376 52231933 4355718 4482302 794451 848837 68738785 64257141 2172113 1713442 3180332 3171607 11329403 11071063 16681848 15956112 X 46460058 44006273 5596879 4294756 52056937 48301029 68738785 64257141 -4014083 338176 -80001 0 X X 0 1 X 1 1 1 X 9218176 8272152 13097956 13137766 7499661 51225711 8057456 4817837 1227880 8924214 6897306 29924693 17275632 13089989 14325836 22061980 14396967 81150404 0 0 0 81150404 505742 140398 164122 309508 252406 1372176 505742 140398 164122 309508 252406 1372176 905349 536645 155705 697016 899928 3194643 18686723 13767032 14645663 23068504 15549301 85717223 0.94670 0.87190 0.01600 0.01380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1429494 136464 1565958 1689180 -259686 1429494 1355038 334142 1689180 1487851 67187 200000 1355038 1616018 34088 162255 1487851 1.00000 0 0 12548037 12548037 63150197 27370348 35779849 4625691 3661830 963861 7083615 4284577 2799038 141148 141148 52231933 MUTUAL FUNDS 731620 F INVESTMENT POOL 1838776 F FIXED INCOME FUNDS 746767 F EXCHANGE TRADED FUNDS 1165139 F 4482302 X 15887477 338176 338176 15549301 -358350 -358350 15190951 19563384 358350 358350 19205034 0 19205034 PART V, LINE 4: THE THEATRE'S ENDOWMENT CONSISTS OF ONE FUND ESTABLISHED FOR SUPPORT OF THE PERFORMING ARTS. PART X, LINE 2: THE THEATRE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE DISTRICT OF COLUMBIA INCOME TAX LAWS AND QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS. GAAP PROVIDES CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE THEATRE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE FISCAL YEAR ENDED JULY 31, 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JULY 31, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE THEATRE FILES TAX RETURNS. IT IS THE THEATRE'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -358,350. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 358,350. GALA 787040 787040 65201 89263 20964 140778 WILL ON THE HILL 48066 48066 13441 2300 8207 1 22000 22000 5061 13135 857106 857106 65201 107765 23264 162120 358350 -358350 1 0 0 0 0 0 0 0 0 SIMON GODWIN ARTISTIC DIRECTOR (EX OFFICIO) 337830 0 0 0 0 0 12000 0 18229 0 368059 0 0 0 CHRIS JENNINGS EX OFFICIO NON-VOTIN EXECUTIVE DIRECTOR (EX OFFICIO) 323599 0 0 0 0 0 21750 0 6906 0 352255 0 0 0 LAURA WILLUMSEN SENIOR DIRECTOR OF DEVELOPMENT 171022 0 0 0 0 0 3497 0 7674 0 182193 0 0 0 PART I, LINE 4A TOM HAYGOOD RECEIVED SEVERANCE PAY IN FY23. A DISTRICT OF COLUMBIA 536001131 2010-11-30 10500000 REFINANCING 0 0 0 A 10500000 26250 17221 10456529 1 0 1 1 A 1 0 0 1 1 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART I, LINE 1 SHAKESPEARE PRODUCTIONS AND INNOVATIVE CONTEMPORARY WORK, ADDRESSING THE MOST URGENT QUESTIONS WITH SCALE AND AUDACITY. SHAKESPEARE INSPIRES US TO SEE OURSELVES BETTER. A STATUE COMES TO LIFE; A YOUNGEST DAUGHTER BRINGS DOWN A KING; A PRINCE FINDS WISDOM IN THE SKULL OF A FOOL. SHAKESPEARE EVOKES OUR COMMON HUMANITY WITH IMAGES ENGRAVED ON OUR HEARTS. ACROSS TWO STAGESHARMAN HALL AND THE KLEIN THEATREAND IN HUNDREDS OF CLASSROOMS ACROSS THE NATION, STC IS A LEARNING SPACE WHERE DIFFERENT GENERATIONS GATHER, UNIFIED BY A SHARED CURIOSITY ABOUT OUR TIME TOGETHER ON EARTH AND THE POWER OF GREAT STORIES TO MAKE A DIFFERENCE. STC'S MISSION IS GROUNDED IN FOUR PILLARS OF MEANING: THEATRE, SHAKESPEARE, AUDACITY & VITALITY, AND COMMUNITY & EMPATHY. WE TELL STORIES THAT ARE SHAKESPEAREAN IN THE DEEPEST SENSE, EVEN IF (AND ESPECIALLY WHEN) THEY ARE NOT WRITTEN BY OUR HOUSE DRAMATIST. WE CREATE IMPACTFUL WORK ON AND OFF THE STAGE, AIMED AT SHOWCASING THE COMMON THREADS THAT BIND US ALL. STC PRESENTS 6-7 MAJOR PRODUCTIONS ANNUALLY. THE EDUCATION DEPARTMENT PROVIDES CLASSES, CAMPS, AND IN-SCHOOL ARTS EDUCATION PROGRAMS IN ADDITION TO COMMUNITY ENGAGEMENT PROGRAMS SUITABLE FOR ALL AGES AND REACHING APPROXIMATELY 150,000 AUDIENCE MEMBERS AND PARTICIPANTS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD. THE APPROVED FORM 990 IS THEN CIRCULATED TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO BOARD MEMBERS. THE BOARD CHAIRMAN REVIEWS ANY CONFLICTS OF INTEREST THAT ARE IDENTIFIED AND DETERMINES WHETHER ACTUAL CONFLICTS OF INTEREST EXIST. TO ENSURE THE THEATRE OPERATES IN ACCORDANCE WITH THE HIGHEST FIDUCIARY STANDARDS APPLICABLE TO NON-PROFIT CORPORATIONS, THE BOARD, THE COMPENSATION COMMITTEE OR ANOTHER COMMITTEE APPOINTED BY THE CHAIR OF THE BOARD OF TRUSTEES CONDUCT PERIODIC REVIEWS THAT INCLUDE, AT A MINIMUM, FINDINGS ON THE FOLLOWING SUBJECTS: -WHETHER THE THEATRE'S COMPENSATION ARRANGEMENTS AND BENEFITS ARE THE RESULT OF ARM'S-LENGTH BARGAINING AND, BASED ON COMPETENT SURVEY INFORMATION, ARE REASONABLE. -WHETHER THEATRE'S ARRANGEMENTS WITH THIRD PARTIES ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT CRITERIA OR PAYMENTS FOR GOODS AND SERVICES, FURTHER THE THEATRE'S PURPOSES AND DO NOT RESULT IN PRIVATE INCUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR AN EXCESS BENEFIT TRANSACTION UNDER THE CODE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE AND KEY EMPLOYEE COMPENSATION IS RECOMMENDED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES BASED UPON COMPARATIVE DATA COLLECTED FROM A SALARY SURVEY CONDUCTED BY THE THEATRE COMMUNICATIONS GROUP (TCG), A NATIONAL SERVICE ORGANIZATION FOR THE NON-PROFIT THEATER COMMUNITY. THE RECOMMENDATION IS THEN REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE SHAKESPEARE THEATRE MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. BOTH PROCESSES HAVE NOT CHANGED FROM PRIOR YEAR. HARMAN CENTER LLC 516 8TH ST SE WASHINGTON DC 20004 REAL ESTATE PROPERTY DE SHAKESPEARE THEATER