2026-05-05T15:06:54-05:00 2025-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2024-07-01 237101094 PITTSBURGH BALLET THEATRE INC PITT 4122810360 2900 LIBERTY AVENUE PITTSBURGH PA 152011500 NICHOLAS DRAGGA EXECUTIVE DIRECTOR 4124549112 2026-04-24 1 1 SARAH R PIOT P01358891 4122613644 2024 2025-03-06 01:10:19Z NICHOLAS DRAGGA 2900 LIBERTY AVENUE PITTSBURGH PA 152011500 26963861 0 X WWW.PBT.ORG X 1969 PA THE BALLET IS PITTSBURGH'S SOURCE AND AMBASSADOR FOR EXTRAORDINARY BALLET EXPERIENCES. 37 37 261 41 17983 0 7232757 7280322 5770025 6061689 -397759 1509307 219975 171468 12824998 15022786 244475 237117 0 0 5305671 4994733 0 45000 634424 8276336 8605091 13826482 13881941 -1001484 1140845 29863851 31488154 2852317 2152995 27011534 29335159 X SEE SCHEDULE O FOR THE DESCRIPTION OF PITTSBURGH BALLET THEATRE INC.'S PRIMARY MISSION.THE BALLET IS PITTSBURGH'S SOURCE AND AMBASSADOR FOR EXTRAORDINARY BALLET EXPERIENCES THAT GIVE LIFE TO THE CLASSICAL TRADITION, NURTURE NEW IDEAS AND, ABOVE ALL, INSPIRE. IT PERPETUATES EXCELLENCE IN THE ART OF BALLET THOUGH PERFORMANCES, SUPERIOR TRAINING OF STUDENT DANCERS, THROUGH EDUCATION, COMMUNITY ENGAGEMENT AND APPRECIATION OF THE ART FORM.PITTSBURGH BALLET THEATRE BELIEVES THAT ACHIEVING DIVERSITY IN ITS COMPANY, STAFF, SCHOOL, AUDIENCES AND BOARD OF TRUSTEES IS ESSENTIAL TO ACCOMPLISHING ITS STATED MISSION TO "PERPETUATE EXCELLENCE IN THE ART OF BALLET." PITTSBURGH BALLET THEATRE COMMITS ITSELF TO CREATING AN INCLUSIVE ENVIRONMENT OF MUTUAL RESPECT AND SUPPORT THAT EMBRACES INDIVIDUALITY AND IS WELCOMING TO ALL. 0 0 9435988 4116088 PRODUCTION AND PERFORMANCE OF BALLET - EXPOSE AUDIENCES, BOTH IN PITTSBURGH AND ON TOUR, TO WORLD-CLASS BALLET THROUGH PRESENTATION OF TRADITIONAL BALLETS BY LEGENDARY MASTERS AND THE COMMISSION AND PRESENTATION OF NEW WORKS BY INNOVATIVE CHOREOGRAPHERS. THERE WERE 42 PERFORMANCES WITH 59,722 PATRONS ATTENDING. 1931168 237117 1917630 SCHOOL - 936 STUDENTS ARE ENROLLED IN THE PROGRAM WHICH ATTRACTS, DEVELOPS AND RETAINS EXCELLENT DANCERS. THE SCHOOL WORKS TO INSTILL A LONG-TERM VALUE OF THE ART FORM IN EACH STUDENT WHILE EMPHASIZING THE STUDY OF DIVERSE, HIGH QUALITY CURRICULUM IN A POSITIVE AND INSPIRATIONAL LEARNING ENVIRONMENT. 608640 ARTS EDUCATION - SERVES MORE THAN 13,000 ADULTS AND CHILDREN EACH YEAR THROUGH PROGRAMS THAT BROADEN AND DIVERSIFY ACCESS TO THE ART FORM. PROGRAMMING TAKES PLACE BOTH ON THE PBT CAMPUS AND IN SCHOOLS, COMMUNITY CENTERS, LIBRARIES, PUBLIC SPACES AND AT THE THEATER. THE DEPARTMENT ALSO COORDINATES ACCESSIBILITY INITIATIVES, WHICH INCLUDE CLASSES AND PERFORMANCES, AS WELL AS THEATER ACCOMMODATIONS, FOR PATRONS WITH SPECIAL NEEDS. THE DEPARTMENT'S NEEDS-BASED SCHOLARSHIP PROGRAM AFFORDS YOUNG CHILDREN FROM DIVERSE SOCIOECONOMIC BACKGROUNDS THE OPPORTUNITY TO STUDY BALLET AND DANCE AT PBT. 11975796 1 1 0 1 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 1 61 0 1 261 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA MD NY WV X CINDY ROSE CRAIN 4124549112 2900 LIBERTY AVENUE PITTSBURGH PA 152011500 X AYANA TETER CHAIR 1.00 X X 0 0 0 JAMES E CROCKARD III VICE CHAIR 1.00 X X 0 0 0 RICH BEATY TREASURER 1.00 X X 0 0 0 DEBRA DERMODY ESQ SECRETARY 1.00 X X 0 0 0 CAMERA BARLOTTA TRUSTEE 0.10 X 0 0 0 EDWIN BEACHLER TRUSTEE 0.10 X 0 0 0 ANASTASIA BEDARD TRUSTEE (ENTERED 04/25) 0.10 X 0 0 0 GEOFFREY BOND TRUSTEE 0.10 X 0 0 0 CAROLYN M BYHAM TRUSTEE 0.10 X 0 0 0 JANET CAMPBELL TRUSTEE 0.10 X 0 0 0 CONNIE CESARIO TRUSTEE 0.10 X 0 0 0 JAY COSTA JR TRUSTEE 0.10 X 0 0 0 AHMED EL NOKALI TRUSTEE (ENTERED 09/24) 0.10 X 0 0 0 MARY FINGER TRUSTEE 0.10 X 0 0 0 DAWN FLEISHNER TRUSTEE 0.10 X 0 0 0 MACALUS HOGAN TRUSTEE 0.10 X 0 0 0 DONA HOTOPP TRUSTEE 0.10 X 0 0 0 DENA LAMAR TRUSTEE 0.10 X 0 0 0 GARFIELD LEMONIUS TRUSTEE 0.10 X 0 0 0 MARY MCKINNEY TRUSTEE 0.10 X 0 0 0 PEGGY MCKNIGHT TRUSTEE 0.10 X 0 0 0 LEROY L METZ II TRUSTEE 0.10 X 0 0 0 KATHLEEN MICLOT TRUSTEE 0.10 X 0 0 0 NATALIE MIHALEK TRUSTEE 0.10 X 0 0 0 MELONIE NANCE TRUSTEE 0.10 X 0 0 0 SANDRA NICHOLAS TRUSTEE 0.10 X 0 0 0 LINDSAY POWELL TRUSTEE (ENTERED 02/25) 0.10 X 0 0 0 RICHARD E RAUH TRUSTEE 0.10 X 0 0 0 LISA SAPERSTEIN TRUSTEE 0.10 X 0 0 0 STEPHANIE SCIULLO TRUSTEE 0.10 X 0 0 0 ARIANA ORNELAS SMYTH TRUSTEE 0.10 X 0 0 0 SHELLEY TAYLOR TRUSTEE 0.10 X 0 0 0 ELIZABETH TETI TRUSTEE 0.10 X 0 0 0 DAVID F TUTHILL TRUSTEE 0.10 X 0 0 0 HILARY S TYSON TRUSTEE 0.10 X 0 0 0 JOSEPH VINCENT TRUSTEE 0.10 X 0 0 0 WINTHROP WATSON TRUSTEE 0.10 X 0 0 0 ADAM MCKINNEY ARTISTIC DIRECTOR 40.00 X 219914 0 30057 NICHOLAS DRAGGA EXECUTIVE DIRECTOR 40.00 X 225626 0 14478 CINDY ROSE CRAIN DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 122067 0 5896 RAYMOND RODRIGUEZ DEAN OF PBT SCHOOL 40.00 X 115456 0 12588 LOUIS CASTELLI DIRECTOR OF MARKETING 40.00 X 116725 0 4015 799788 0 67034 5 0 1 0 RAFF PRINTING PO BOX 42365 PITTSBURGH PA 15203 BROCHURE/POSTCARD PRINTING 120663 CAPACITY INTERACTIVE PO BOX 50019 NEWARK NJ 07101 ONLINE ADVERTISING 100650 2 98197 1334601 5847524 2308326 7280322 PERFORMANCE TICKET 711190 3507667 3507667 SCHOOL TUITION 611710 1917630 1917630 COSTUMES & SET INCOME 711190 541855 541855 BALLET COMPANY TOURING INCOME 711190 54092 54092 PROGRAM ADVERTISING 541800 27971 0 27971 12474 12474 6061689 740618 740618 11603789 725000 11412021 148079 191768 576921 768689 768689 354055 98197 258841 95214 95214 198388 122134 76254 -9988 86242 15022786 6033718 17983 1690763 237117 237117 612151 239208 372943 3455058 2707279 435633 312146 111053 92752 10515 7786 331073 266535 34569 29969 485398 356081 91883 37434 8167 6709 1010 448 80739 80739 17600 17600 45000 45000 87580 87580 148030 129979 5501 12550 684903 659630 25273 63547 52206 7855 3486 376684 309873 46274 20537 10457 8590 1293 574 13025 10700 1610 715 69643 57213 8609 3821 1098920 1043974 32968 21978 90577 74412 11196 4969 DIRECT PRODUCTION 3533486 3533486 SCHOOL EXPENSE 1325605 1325605 GENERAL PRODUCTION 372880 372880 ARTS EDUCATION 351511 351511 271737 140056 16270 115411 13881941 11975796 1271721 634424 61192 22848 1114997 4096051 435653 447568 67707 86770 97527 169338 365129 499650 21359556 14463653 8075196 6895903 18791220 18585096 407239 423450 178026 118734 269965 142746 29863851 31488154 514509 514267 1154399 1055204 867871 409082 315538 174442 2852317 2152995 X 5155947 4047783 21855587 25287376 27011534 29335159 29863851 31488154 1140845 1182780 0 X X 0 1 X 1 0 X 9723513 13785532 5250254 7232757 7280322 43272378 9723513 13785532 5250254 7232757 7280322 43272378 10933788 32338590 207660 321021 474729 553302 740618 2297330 1901 6150 169632 172089 95214 444986 46014694 20990114 0.70280 0.75420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17600 17600 13986475 14004075 850204 212551 0 0 770538 794481 845550 850204 3260773 4891160 12896 14067 14196 17600 58759 192635 198620 211388 212551 815194 1222791 PART II-A, LINE 1: PITTSBURGH BALLET THEATRE, INC. ENGAGES AN OUTSIDE FIRM TO LOBBY ON BEHALF OF THE ORGANIZATION. 9736457 305000 1060010 684984 10416483 9100408 11248 1110378 485577 9736457 8772801 5000 852884 530277 9100408 10758728 51711 -1569638 468000 8772801 8946495 5000 2232993 425000 10758728 0.00000 1.00000 0.00000 0 0 1058035 1058035 14903618 13453957 1449661 561799 370913 190886 4836104 638783 4197321 6895903 WAREHOUSE LEASE LIABILITY 174442 174442 X 16513961 1182780 15000 380975 1578755 14935206 87580 87580 15022786 14190336 15000 380975 395975 13794361 87580 87580 13881941 PART V, LINE 4: THE BALLET'S ENDOWMENT CONSISTS OF DONOR-RESTRICTED INVESTMENT FUNDS ESTABLISHED FOR PERPETUAL SUPPORT OF THE ORGANIZATION'S MISSION. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BALLET TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD HAS ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141), A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S DONOR-RESTRICTED INVESTMENTS AS INCOME EACH YEAR. THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE BOARD MUST ELECT A SPENDING RATE OF BETWEEN 2% AND 7%. IN ACCORDANCE WITH ACT 141, AND TO COMPLY WITH A DONOR-IMPOSED RESTRICTION, THE BALLET USUALLY TRANSFERS NO MORE THAN 5% OF THE PREVIOUS THREE YEARS' MARKET VALUE AVERAGE OF THE ENDOWMENT FUND. THE MAXIMUM INVESTMENT DRAW PERCENTAGE FOR THE YEARS ENDED JUNE 30, 2025 AND 2024 WAS 5.0%. THIS PERCENTAGE IS APPLIED TO A THREE-YEAR AVERAGE MARKET VALUE OF THE INVESTMENTS AT JUNE 30 OF THE PREVIOUS YEAR. THE BALLET CLASSIFIES AS NET ASSETS WITH DONOR RESTRICTIONS THE ORIGINAL AND SUBSEQUENT VALUE OF GIFTS DONATED TO THE ENDOWMENT WITH DONOR RESTRICTIONS. IN ACCORDANCE WITH ACT 141, THE BALLET HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE BALLET CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND. 2. PRESERVING THE SPENDING POWER OF THE ASSETS. 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION. 4. COMPLYING WITH APPLICABLE LAWS AND DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE BALLET IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE FINANCIAL STATEMENTS. THE BALLET'S STATEMENTS OF FINANCIAL POSITION AT JUNE 30, 2025 AND 2024 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE BALLET HAS NO UNRECOGNIZED TAX BENEFITS. THERE WERE NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. THE BALLET IS NO LONGER SUBJECT TO EXAMINATIONS OF ITS TAX RETURNS FOR YEARS BEFORE 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 122,134. FUNDRAISING EXPENSE 258,841. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 122,134. FUNDRAISING EXPENSE 258,841. X X X X X 1 WHOLEY CONSULTING LLC 1091 E BAYAUD AVE APT W3003 DENVER CO 80209 FUNDRAISING CONSULTANT 0 0 45000 -45000 45000 -45000 PA OH WV NY MD CA ANNUAL BALL 424991 97697 327294 23053 14040 97462 22898 91551 EN POINTE 27261 500 26761 7962 1875 452252 98197 354055 23053 14040 105424 22898 93426 258841 95214 1 TUITION SCHOLARSHIP 56 230117 N/A N/A HOUSING WORK STUDY 1 7000 N/A N/A PART I, LINE 2: STUDENTS IN LEVEL V+ ARE ELIGIBLE TO APPLY FOR FINANCIAL AID (OR AGES 12+ FOR THE INTENSIVE SUMMER PROGRAM). ALL OF PITTSBURGH BALLET THEATRE'S ("PBT") FINANCIAL AID AWARDS ARE CONSIDERED 'WORK-STUDY' AWARDS WHEREBY TUITION REDUCTION OF THIS TYPE MAY CARRY AN OBLIGATION FOR THE STUDENT TO COMPLETE ASSIGNED TASKS THROUGHOUT THE YEAR. FINANCIAL ASSISTANCE IS LIMITED AND NOT GUARANTEED. AN APPLICATION IS REVIEWED AND CONSIDERED ONLY AFTER A STUDENT IS OFFICIALLY REGISTERED FOR THE PROGRAM (THE SCHOOL HAS RECEIVED REGISTRATION FORM, MEDICAL COVERAGE INFORMATION, AND APPLICABLE NON-REFUNDABLE TUITION DEPOSIT). FAILURE TO RECEIVE A WORK-STUDY AWARD WILL NOT RESULT IN REFUND OF TUITION DEPOSIT. ONE APPLICATION MAY BE SUBMITTED PER FAMILY. THE MOST RECENT TAX RETURN MUST ACCOMPANY THE APPLICATION FOR CONSIDERATION. IF THE PARENTS ARE SEPARATED OR DIVORCED, THE TAX RETURN OF THE PARENT WITH WHOM THE CHILD RESIDES MUST BE SUBMITTED. THE COMPLETED FORM MUST REACH THE PBT SCHOOL OFFICE BY A CERTAIN DATE (WHICH VARIES FROM YEAR TO YEAR) FOR CONSIDERATION. IF AN APPLICATION IS RECEIVED LATER THAN THE DATE INDICATED IT MAY NOT BE CONSIDERED. FINANCIAL AID AWARDS VARY. NOT ALL APPLICANTS RECEIVE THE SAME AMOUNT AS ONE ANOTHER. AWARDS ARE SUBJECT TO THE TOTAL AMOUNT THE SCHOOL HAS TO DISTRIBUTE EACH YEAR, WHICH VARIES, AND BY THE INFORMATION PROVIDED IN THE APPLICATION/SUPPLEMENTAL MATERIALS. IF A STUDENT DOES NOT RECEIVE FINANCIAL AID FOR A PARTICULAR PROGRAM, THEY ARE WELCOME TO SUBMIT FINANCIAL AID APPLICATIONS FOR FUTURE PBT PROGRAMS, BUT FINANCIAL AID IS NOT NECESSARILY GUARANTEED FOR FUTURE PROGRAMS. IN AN EFFORT TO PROMOTE INCREASED PARTICIPATION OF YOUNG MALES IN THE ART FORM, THE PITTSBURGH BALLET THEATRE HAS DEVELOPED A PROGRAM OF TUITION AND HOUSING ASSISTANCE THAT DIMINISHES THE BARRIER FOR MALE BALLET STUDENTS WITH TUITION ASSISTANCE AND, IN SOME CASES, HOUSING ASSISTANCE. THE PROCESS OF AWARDING THESE SCHOLARSHIPS INVOLVES AN AUDITION AND REVIEW BY SCHOOL DIRECTORS. STUDENTS ARE ACCEPTED OR REJECTED BASED ON THEIR EVALUATION AND AWARDED TUITION AND HOUSING SCHOLARSHIPS ACCORDINGLY. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 ADAM MCKINNEY ARTISTIC DIRECTOR 219914 0 0 0 0 0 6630 0 23427 0 249971 0 0 0 NICHOLAS DRAGGA EXECUTIVE DIRECTOR 225626 0 0 0 0 0 2787 0 11691 0 240104 0 0 0 PART I, LINE 1A IN ORDER THAT THE EXECUTIVE DIRECTOR MAY ENTERTAIN POTENTIAL DONORS AND OTHER BUSINESS ASSOCIATES OF THE PITTSBURGH BALLET THREATRE, INC., THE BALLET REIMBURSED 50% OF THE INITIATION FEE AND REIMBURSES 100% OF THE QUARTERLY DUES FOR MEMBERSHIP AT THE DUQUESNE CLUB FOR THE EXECUTIVE DIRECTOR. IN ADDITION, SUBSTANTIATED MEALS ARE REIMBURSED IN ACCORDANCE WITH THE ACCOUNTABLE PLAN. ALL PERSONAL CHARGES ARE THE EXECUTIVE DIRECTOR'S RESPONSIBILITY. PART I, LINE 3 THE ORGANIZATION'S EXECUTIVE COMMITTEE SERVES AS THE ORGANIZATION'S COMPENSATION COMMITTEE. DURING A CLOSED EXECUTIVE SESSION, THE CHAIR OF THE BOARD PRESENTS THEIR ANALYSIS OF COMPARABLE COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR AND TOP MANAGEMENT. THE EXECUTIVE COMMITTEE APPROVES THE COMPENSATION AND CONTRACTS ARE DRAFTED AND SIGNED THAT REFLECT THE COMPENSATION CHANGES. X 4 2276435 FMV X FABRIC 1 14962 COST OR SELLING PRIC X POINTE SHOES 1 14550 COST OR SELLING PRIC X CHOCOLATE 1 2380 COST OR SELLING PRIC 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE: COMPOSITION SHALL CONSIST OF THE CHARIMAN OF THE CORPORATION, THE CHAIRMAN OF THE FINANCE AND AUDIT COMMITTEE, AND SUCH OTHER TRUSTEES AS MAY BE APPOINTED TO THE EXECUTIVE COMMITTEE BY THE BOARD OR THE CHAIRMAN OF THE BOARD. ALL COMMITTEE MEMBERS ARE BOARD MEMBERS. SCOPE OF AUTHORITY, HAVE AND EXERCISE ALL POWER AND AUTHORITY GRANTED BY THE BY-LAWS; HAVE AND EXERCISE ALL THE POWER AND AUTHORITY OF THE BOARD OF TRUSTEES TO TRANSACT THE BUSINESS OF THE CORPORATION, IN ACCORDANCE WITH THE BOARD'S ESTABLISHED POLICIES AND GOALS, IN THE INTERVALS BETWEEN BOARD MEETINGS; MAKE ALL DECISIONS REQUIRED BY THE IMMEDIATE NEEDS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORMS 990, 990-T AND REQUIRED SCHEDULES ARE REVIEWED BY THE ORGANIZATION'S INTERNAL MANAGEMENT AS WELL AS THE BOARD'S FINANCE AND AUDIT COMMITTEE. UPON COMPLETION OF THIS REVIEW, THE PUBLIC DISCLOSURE COPY IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES RECEIVE A COPY OF THE ORGANIZATION'S EXISTING CONFLICT OF INTEREST POLICY ALONG WITH A CONFLICT OF INTEREST DISCLOSURE FORM FOR COMPLETION. CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AND UPDATED BY THE GOVERNANCE COMMITTEE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR AND TOP MANAGEMENT: THE ORGANIZATION'S EXECUTIVE COMMITTEE SERVES AS THE ORGANIZATION'S COMPENSATION COMMITTEE. DURING A CLOSED EXECUTIVE SESSION, THE CHAIR OF THE BOARD PRESENTS THEIR ANALYSIS OF COMPARABLE COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR AND TOP MANAGEMENT. THE EXECUTIVE COMMITTEE APPROVES THE COMPENSATION AND CONTRACTS ARE DRAFTED AND SIGNED THAT REFLECT THE COMPENSATION CHANGES. OFFICERS AND KEY EMPLOYEES: THE COMPENSATION IS DETERMINED BY THE COMBINATION OF THE PERFORMANCE OF THE INDIVIDUAL AND THE ORGANIZATION'S BUDGETARY RESTRAINTS. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, NON-VOTING MEMBERS: BOARD EMERITUS MEMBERS: JEANNE GLEASON, HAL WALDMAN, AND BECKY TORBIN. FORM 990, PART XII, LINE 2C, FINANCIAL STATEMENTS AND REPORTING: THE THEATRE'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE THEATRE HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.