2025-07-10T12:06:13-05:00 2024-07-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2023-08-01 521405988 THE SHAKESPEARE THEATRE SHAK 2025473230 516 8TH STREET WASHINGTON DC 200032834 ANGELA GIERAS EXECUTIVE DIRECTOR 2025473230 2025-07-10 1 0 CHRISTOPHER G LEHMAN P02033500 4105840060 2023 2025-03-06 01:10:19Z ANGELA GIERAS 516 8TH STREET WASHINGTON DC 200032834 29604190 0 X WWW.SHAKESPEARETHEATRE.ORG X 1985 DC SHAKESPEARE THEATRE COMPANY CREATES WORLD-CLASS (SEE SCHEDULE O FOR CONTINUATION) 36 35 423 400 0 0 7499661 11932549 6897306 12805620 252406 328574 541578 3677405 15190951 28744148 36875 35167 0 0 9374977 10859078 0 0 2464083 9793182 14939002 19205034 25833247 -4014083 2910901 64257141 67730499 15956112 16042237 48301029 51688262 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 17622710 11611963 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. 1404089 35167 1193657 LEARNING 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. 19026799 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 155 0 1 423 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 35 1 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 ABBE DAVID LOWELL VICE-CHAIR 10.00 X X 0 0 0 ANITA ANTENUCCI CHAIR 10.00 X X 0 0 0 BARBARA HARMAN BOARD MEMBER 2.00 X 0 0 0 BERNARD F MCKAY BOARD MEMBER 2.00 X 0 0 0 CHRIS JENNINGS EXECUTIVE DIRECTOR (OUTGOING) 40.00 X X 195000 0 17928 DAME KAREN PIERCE DCMG BOARD MEMBER 2.00 X 0 0 0 DR MARK EPSTEIN BOARD MEMBER 2.00 X 0 0 0 DR MICHELLE MCMURRAY-HEATH BOARD MEMBER 2.00 X 0 0 0 EMILY LENZNER SECRETARY 4.00 X X 0 0 0 GAIL MACKINNON BOARD MEMBER 2.00 X 0 0 0 J KENDALL LOTT BOARD MEMBER 2.00 X 0 0 0 JEFFREY D BAUMAN BOARD MEMBER 2.00 X 0 0 0 KARISHMA SHAH PAGE BOARD MEMBER 2.00 X 0 0 0 KATHY RONDON BOARD MEMBER 2.00 X 0 0 0 LANDON BUTLER BOARD MEMBER 2.00 X 0 0 0 MAUREEN MCMURPHY BOARD MEMBER 2.00 X 0 0 0 MELISSA A MOSS BOARD MEMBER 2.00 X 0 0 0 MICHAEL BAHAR BOARD MEMBER 2.00 X 0 0 0 MICHAEL BERISS BOARD MEMBER 2.00 X 0 0 0 MICHAEL PAESE TREASURER 4.00 X X 0 0 0 MICHAEL R KLEIN BOARD MEMBER 2.00 X 0 0 0 MICHAEL SCHONEFIELD BOARD MEMBER 2.00 X 0 0 0 MICHELLE GILLIS BOARD MEMBER 2.00 X 0 0 0 MONICA DIXON BOARD MEMBER 2.00 X 0 0 0 NICHOLAS W ALLARD BOARD MEMBER 2.00 X 0 0 0 NICOLE FRANCIS REYNOLDS BOARD MEMBER 2.00 X 0 0 0 ROB WILDER BOARD MEMBER 2.00 X 0 0 0 ROHIT BHAYANA BOARD MEMBER 2.00 X 0 0 0 SCOTT FRISCH BOARD MEMBER 2.00 X 0 0 0 SCOTT KAUFMANN BOARD MEMBER 2.00 X 0 0 0 SIMON GODWIN ARTISTIC DIRECTOR 40.00 X X 354240 0 24078 STEPHANIE ERKILETIAN BOARD MEMBER 2.00 X 0 0 0 STEPHEN M RYAN BOARD MEMBER 2.00 X 0 0 0 STEVE ELMENDORF BOARD MEMBER 2.00 X 0 0 0 SUDHAKAR KESAVAN BOARD MEMBER 2.00 X 0 0 0 SUMEET SHRIVASTAVA BOARD MEMBER 2.00 X 0 0 0 VINCENT ROBERTI BOARD MEMBER 2.00 X 0 0 0 LAURA WILLUMSEN SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 181738 0 11843 JAMES ROEMER SENIOR DIRECTOR OF ADMINISTRATION 40.00 X 129226 0 13231 JOANNA BARNHOUSE ASSOCIATE DIRECTOR OF DEVELOPMENT 40.00 X 100250 0 8208 JOE SMELSER SENIOR DIRECTOR OF PRODUCTION 40.00 X 106880 0 16209 NEAL RACIOPPO SENIOR DIRECTOR OF MARKETING AND PUBLIC RELATIONS 40.00 X 132174 0 21913 SAMANTHA BELLO WYER SENIOR DIRECTOR OF LEARNING 40.00 X 100122 0 12017 1299630 0 125427 8 0 1 0 THREE WITCHES LIMITED 39-41 CHARING CROSS ROAD 1ST FLOOR LONDON UK ARTISITIC PRODUCTIONSERVICES 988596 DUFOUR & PRODUCTIONS LLC 1901 N FORT MYER DRIVE SUITE 502 ARLINGTON VA 22209 CONSULTING SERVICES 555076 M2 DOBNER CONSULTING LLC 1530 LA LOMA AVENUE BERKELEY CA 94708 CONSULTING SERVICES 325000 MAIN LIGHT LLC 6435 S VALLEY BLVD LAS VEGAS NV 89118 ARTISTIC PRODUCTION SERVICES 287141 GCOM SOFTWARE LLC 9175 GUILFORD ROAD SUITE 101 COLUMBIA MD 21046 TECHNOLOGY PRODUCTION SERVICES 273892 5 1349236 10583313 11932549 PRODUCTIONS 711110 9871146 9871146 TOUR INCOME AND BOOKINGS 711110 1344061 1344061 EDUCATIONAL PROGRAMS 711110 1193657 1193657 CONCESSIONS AND OTHER SALES 711110 396756 396756 12805620 328574 328574 0 1349236 860042 -860042 -860042 PROCCEDS FROM SALE OF BUILDING 711110 2817876 2817876 OTHER INCOME 711110 1719571 1719571 4537447 28744148 12805620 0 4005979 X 35167 35167 1299630 1099676 119182 80772 7316624 5963392 618466 734766 239804 205636 26918 7250 1268127 1126502 72569 69056 734893 611525 59132 64236 22437 22437 43290 43290 4443716 2768256 547086 1128374 414055 386222 27833 390979 325535 1965 63479 572693 572693 580418 580418 2594077 2574077 20000 447798 363035 38461 46302 806714 335245 417718 53751 1911203 1911203 205103 205103 PRODUCTION 1460311 1460311 MISCELLANEOUS 792288 619109 122793 50386 BAD DEBT 136042 136042 CATERING 117878 117878 25833247 19026799 4342365 2464083 4354058 5161081 1715039 1352617 175222 1127175 449750 690044 86951766 36187820 52231933 50763946 4482302 7647243 848837 988393 64257141 67730499 1713442 1832620 3171607 3536532 11071063 10673085 15956112 16042237 X 44006273 48067799 4294756 3620463 48301029 51688262 64257141 67730499 2910901 476332 0 X X 0 1 X 1 0 X 8272152 13097956 13137766 7499661 11932549 53940084 4817837 1227880 8924214 6897306 12805620 34672857 13089989 14325836 22061980 14396967 24738169 88612941 0 0 0 88612941 140398 164122 309508 252406 328574 1195008 140398 164122 309508 252406 328574 1195008 536645 155705 697016 899928 2817876 5107170 13767032 14645663 23068504 15549301 27884619 94915119 0.93360 0.94670 0.01260 0.01600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1565958 181628 1747586 1429494 136464 1565958 1689180 -259686 1429494 1355038 334142 1689180 1487851 67187 200000 1355038 1.00000 0 0 12548037 12548037 62410987 25064056 37346931 4654944 4654944 0 7187590 6468820 718769 150208 150209 50763946 MUTUAL FUNDS 655532 F INVESTMENT POOL 1595602 F FIXED INCOME FUNDS 3824565 F EXCHANGE TRADED FUNDS 1571544 F 7647243 X 30080522 476332 476332 29604190 -860042 -860042 28744148 26693289 860042 860042 25833247 0 25833247 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, 2024, 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, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 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 -860,042. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 860,042. X 0 GALA 516 8TH STREET WASHINGTON DC 20003 0 1297675 0 1297675 WILL ON THE HILL 516 8TH STREET WASHINGTON DC 20003 0 787040 0 787040 2084715 2084715 GALA 1297675 1297675 70541 219034 58930 477094 WILL ON THE HILL 51561 51561 20201 4725 9517 0 1349236 1349236 70541 239235 63655 486611 860042 -860042 0 0 0 0 0 0 0 0 0 SIMON GODWIN ARTISTIC DIRECTOR 354240 0 0 0 0 0 3000 0 21078 0 378318 0 0 0 CHRIS JENNINGS EXECUTIVE DIRECTOR (OUTGOING) 195000 0 0 0 0 0 13850 0 4078 0 212928 0 0 0 LAURA WILLUMSEN SENIOR DIRECTOR OF DEVELOPMENT 181738 0 0 0 0 0 3635 0 8208 0 193581 0 0 0 NEAL RACIOPPO SENIOR DIRECTOR OF MARKETING AND PUB 132174 0 0 0 0 0 3965 0 17948 0 154087 0 0 0 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 X 18 1815301 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE SCOTT KAUFMANN IS A PRINCIPLE OF JM ZELL PARTNERS LTD. 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 372,802. MANAGEMENT AND GENERAL EXPENSES 547,086. FUNDRAISING EXPENSES 1,113,674. TOTAL EXPENSES 2,033,562. GUEST ARTIST FEES: PROGRAM SERVICE EXPENSES 2,395,454. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 14,700. TOTAL EXPENSES 2,410,154. 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