2026-05-08T09:59:23+00:00 2025-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-07-01 363467607 CHICAGO SHAKESPEARE THEATER CHIC 3126674962 800 EAST GRAND AVE CHICAGO IL 60611 KIMBERLY MOTES EXECUTIVE DIRECTOR 2026-05-08 true JENNIFER BURKE P01342224 3128997000 2026-05-08 2024 2025-03-06 01:10:19Z KIMBERLY MOTES 800 EAST GRAND AVE CHICAGO IL 60611 23335603 false X WWW.CHICAGOSHAKES.COM X 1986 IL TO CREATE VIVID, ENTERTAINING THEATRICAL EXPERIENCES THAT INVIGORATE AND ENGAGE PEOPLE OF ALL AGES AND IDENTITIES BY ILLUMINATING THE COMPLEXITY, AMBIGUITY, AND WONDER OF OUR WORLD. 53 51 399 2635 15810 0 4342117 5980627 7388960 10728324 393899 286719 982317 247029 13107293 17242699 0 0 9879090 11982983 0 961498 8080429 10425785 17959519 22408768 -4852226 -5166069 51786286 56831944 13954027 22671458 37832259 34160486 TO CREATE VIVID, ENTERTAINING THEATRICAL EXPERIENCES THAT INVIGORATE AND ENGAGE PEOPLE OF ALL AGES AND IDENTITIES BY ILLUMINATING THE COMPLEXITY, AMBIGUITY, AND WONDER OF OUR WORLD. SHARED HUMANITY AND UNFORGETTABLE STORIES - NOW THIS IS CHICAGO SHAKESPEARE. false false 18893262 0 10762400 A REGIONAL TONY AWARD RECIPIENT, CHICAGO SHAKESPEARE THEATER IS A LEADING INTERNATIONAL THEATER COMPANY THAT HAS DELIVERED EXCELLENT, POWERFUL, LIFE-CHANGING THEATER FOR FORTY YEARS. WITH SHAKESPEARE AT THE HEART OF THE ARTISTIC WORK, CST ALSO PRODUCES COMPELLING, CONTEMPORARY STORIES FROM FRESH ARTISTIC VOICES OF TODAY. UNDER THE LEADERSHIP OF ARTISTIC DIRECTOR EDWARD HALL AND EXECUTIVE DIRECTOR KIMBERLY MOTES, CST WELCOMES NEARLY 150,000 AUDIENCE MEMBERS TO 300+ PERFORMANCES AND EVENTS EACH YEAR IN CST'S THREE BEST-IN-CLASS VENUES: THE JENTES FAMILY COURTYARD THEATER, THE YARD, AND THE CARL AND MARILYNN THOMA UPSTAIRS STUDIO. CST BRINGS THE WORLD TO CHICAGO AND SENDS CHICAGO OUT INTO THE WORLD AS CHICAGO'S FOREMOST PRESENTER OF INTERNATIONAL THEATER, AND CONSISTENT PRODUCER OF NORTH AMERICAN AND WORLD PREMIERES. PRODUCTION ORIGINATING FROM CST HAVE GONE ON TO BROADWAY, NATIONAL AND INTERNATIONAL TOURS, GARNERING THREE TONY AWARDS, THREE OLIVIER AWARDS, AND TWO GRAMMY NOMINATIONS. THE THEATER FOSTERS A LIFELONG RELATIONSHIP WITH THE ARTS BY PROVIDING TRANSFORMATIONAL EXPERIENCES FOR MULTIGENERATIONAL AUDIENCES. SERVING MORE STUDENTS AND TEACHERS THAN ANY THEATER IN THE CITY, CST ANNUALLY WELCOMES MORE THAN 20,000 HIGH SCHOOL AND MIDDLE SCHOOLERS TO ATTEND 50+ DAYTIME MATINEE PERFORMANCES AND PARTICIPATE IN AFTER-SCHOOL PROGRAMS LIKE CHICAGO SHAKESPEARE SLAM. PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS INCLUDE THE YEAR-LONG BARD CARE INTENSIVE FOR CHICAGO PUBLIC SCHOOL EDUCATORS. CST'S INITIATIVES SUPPORT THE DEVELOPMENT OF YOUNG PEOPLE'S CRUCIAL SKILLS, INCLUDING SOCIAL-EMOTIONAL COMPETENCIES, CRITICAL LITERACY, AND MEANINGFUL COLLABORATION. LEARNERS OF ALL AGES DEEPEN THEIR ENGAGEMENT THROUGH PREAMBLE TALKS AND POST-SHOW DISCUSSIONS. THE $30 UNDER 30 DISCOUNTED TICKET PROGRAM FOR YOUNG ADULTS AND STUDENTS REDUCES BARRIERS TO PARTICIPATION FOR THOUSANDS OF FIRST-TIME ATTENDEES. FUELED BY THE VITALITY OF THE CITY OF CHICAGO, CST CONTRIBUTES SIGNIFICANTLY TO THE VIBRANCY AND ECONOMIC IMPACT OF THE ARTS AND CULTURE ECOSYSTEM. CST'S REACH EXTENDS BEYOND THE THEATER'S WALLS WITH FREE PROGRAMS LIKE SHAKES IN THE CITY, WHICH BRINGS PERFORMANCES AND WORKSHOPS TO PARKS, FESTIVALS, AND SHARED COMMUNITY SPACES ACROSS CHICAGO'S 77 NEIGHBORHOODS EACH SUMMER. 18893262 true true false false false false false false false true true false false false true true true false false false true false false false true false false false false true true false false false false false false false false false false true false false false false false false false false false true 142 0 true 399 true true true false false false false true true false false false false false false X 53 51 true false false false false false false true true false false false true true true true true true true true false false IL X X Dan Thomas 3125955619 800 EAST GRAND AVENUE CHICAGO IL 60611 EDWARD HALL ARTISTIC DIRECTOR 40.0 X X 423129 0 24535 KIMBERLY MOTES EXECUTIVE DIRECTOR 40.0 X X 409223 0 1551 PAULITA A PIKE CHAIR 2.0 X X 0 0 0 RAYMOND WHITACRE TREASURER 2.0 X X 0 0 0 AARON HOFFMAN DIRECTOR 2.0 X 0 0 0 ALLAN E BULLEY III DIRECTOR 2.0 X 0 0 0 AYODEJI AYODELE DIRECTOR 2.0 X 0 0 0 BRAYTON B ALLEY DIRECTOR 2.0 X 0 0 0 BRIAN W DUWE DIRECTOR 2.0 X 0 0 0 C GARY GERST DIRECTOR 2.0 X 0 0 0 CAROLE B SEGAL DIRECTOR 2.0 X 0 0 0 CHASE COLLINS LEVEY DIRECTOR 2.0 X 0 0 0 CHRISTOPHER OBRIEN DIRECTOR 2.0 X 0 0 0 CLIVE CHRISTISON DIRECTOR 2.0 X 0 0 0 DHEERA ANAND DIRECTOR 2.0 X 0 0 0 DONALD DELVES DIRECTOR 2.0 X 0 0 0 DONNA WELCH DIRECTOR 2.0 X 0 0 0 FRANK BALLANTINE DIRECTOR 2.0 X 0 0 0 GAYLE R TILLES DIRECTOR 2.0 X 0 0 0 GREGORY GALLOPOULOS DIRECTOR 2.0 X 0 0 0 HARVEY J STRUTHERS JR DIRECTOR 2.0 X 0 0 0 JAMIE STONE O'BRIEN DIRECTOR 2.0 X 0 0 0 JENNIFER O'NEILL DIRECTOR 2.0 X 0 0 0 JESS E MERTEN DIRECTOR 2.0 X 0 0 0 JIM STADLER DIRECTOR 2.0 X 0 0 0 JOHN EDELMAN DIRECTOR 2.0 X 0 0 0 JOHN P KELLER DIRECTOR 2.0 X 0 0 0 JUDITH LOSEFF DIRECTOR 2.0 X 0 0 0 KATE BLOMGREN DIRECTOR 2.0 X 0 0 0 KATHRYN HAYLEY DIRECTOR 2.0 X 0 0 0 LANCE RICHARDS DIRECTOR 2.0 X 0 0 0 LINDA K MYERS DIRECTOR 2.0 X 0 0 0 M HILL HAMMOCK DIRECTOR 2.0 X 0 0 0 MARILYNN J THOMA DIRECTOR 2.0 X 0 0 0 MARK S OUWELEEN DIRECTOR 2.0 X 0 0 0 NAZNEEN RAZI DIRECTOR 2.0 X 0 0 0 NEAL REENAN DIRECTOR 2.0 X 0 0 0 PATRICK R DALEY DIRECTOR 2.0 X 0 0 0 PHILIP L ENGEL DIRECTOR (THROUGH 6/2025) 2.0 X 0 0 0 PRISCILLA A WALTER DIRECTOR 2.0 X 0 0 0 RAYMOND F MCCASKEY DIRECTOR 2.0 X 0 0 0 RENETTA MCCANN DIRECTOR 2.0 X 0 0 0 RICHARD A KENT DIRECTOR 2.0 X 0 0 0 RICHARD SEVCIK DIRECTOR 2.0 X 0 0 0 ROBERT RYAN DIRECTOR 2.0 X 0 0 0 SHEILA G TALTON DIRECTOR 2.0 X 0 0 0 SHEILA PENROSE DIRECTOR 2.0 X 0 0 0 SHELI Z ROSENBERG DIRECTOR 2.0 X 0 0 0 STEPHEN A BRODSKY DIRECTOR 2.0 X 0 0 0 STEVEN J SOLOMON DIRECTOR 2.0 X 0 0 0 STEWART S HUDNUT DIRECTOR 2.0 X 0 0 0 THOMAS L BROWN DIRECTOR 2.0 X 0 0 0 TIMOTHY HANNAHS DIRECTOR 2.0 X 0 0 0 WILLIAM R JENTES DIRECTOR 2.0 X 0 0 0 KATHRYN TRESNOWSKI DIRECTOR OF FINANCE AND ADMIN, SECRETARY 40.0 X 133865 0 1974 EMILY HANSEN DIRECTOR OF DEVELOPMENT 40.0 X 186850 0 600 DANIEL HESS ARTISTIC ADMINISTRATOR 40.0 X 104030 0 1125 JOHN VAUGHEY PRODUCTION MANAGER (AS OF 5/1/25) 40.0 X 132160 0 14130 JULIE STANTON DIRECTOR OF MARKETING (THROUGH 6/2/25) 40.0 X 108478 0 14130 PAIGE WHITSON-MARTINI DIRECTOR OF PRODUCING 40.0 X 100951 0 14655 TIFFANY TUCKETT DIRECTOR OF HUMAN RESOURCES 40.0 X 106023 0 543 RICHARD BOYNTON FORMER CREATIVE PRODUCER X 245441 0 15557 1950150 0 88800 10 true true false ALLIED GLOBAL MARKETING 55 CAMBRIDGE PARKWAY CAMBRIDGE MA 02142 ADVERTISING 635676 ROYAL SHAKESPEARE COMPANY WATERSIDE STRATFORD UPON AVON LONDON UK WC1A1BS PERFORMANCE FEES 322788 ARENA STAGE 1101 6TH STREET SW WASHINGTON DC 20024 PRODUCTION FEES 138945 LOWITZ & SONS 811 W EVERGREEN CHICAGO IL 60642 PRINTING SERVICES 109703 DYOPATH 905 PARKVIEW BLVD LOMBARD IL 60148 SYSTEM SUPPORT 100023 5 0 0 720322 0 180000 5080305 300073 5980627 TICKET SALES 711110 7870637 7870637 ENHANCEMENT INCOME 711110 2397674 2397674 TICKET FEES 711110 460013 460013 0 0 0 0 10728324 594998 594998 34076 34076 16476 25644 -9168 0 -9168 -9168 5423893 5732172 -308279 0 -308279 -308279 29250 720322 163522 -134272 -134272 496699 171566 325133 325133 ADVERTISING 541800 24978 24978 OTHER INCOME 812900 6282 6282 0 0 0 0 31260 17242699 10762400 15810 483862 1231920 464202 579018 188700 8456932 7492431 612507 351994 349615 343243 5474 898 1175527 1004467 123881 47179 768989 641972 87700 39317 128230 121501 6729 159120 159120 0 0 0 0 1141863 1141863 67940 40168 18351 9421 271108 40480 206828 23800 552363 552363 1626194 1515208 84441 26545 19473 17054 2419 17372 10794 6578 221552 221552 1267853 903273 364580 247798 40000 187798 20000 Production 4247186 4247186 457733 123353 89733 244647 22408768 18893262 2554008 961498 2853295 3217467 339 507 3077681 2317734 356490 448406 0 0 0 0 1480265 1224086 11153635 7034468 21167124 4119167 16549891 16374145 0 0 6244156 29102333 57045 28099 51786286 56831944 2691040 3056601 1674085 1585127 4005362 4031590 0 0 5583540 13998140 13954027 22671458 X 28677866 24459462 9154393 9701024 37832259 34160486 51786286 56831944 -5166069 1510240 31328 -47272 0 X false true true false X 6836736 13308222 8805961 4342111 5980627 39273657 0 0 6836736 13308222 8805961 4342111 5980627 39273657 492719 38780938 629525 947860 1367794 1316937 645548 4907664 0 -51208 -132706 -7156 187034 197148 193112 44374433 27457511 0.87395 0.8874 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - -51208.0, COLUMN B - -132706.0, COLUMN C - -7156.0, COLUMN D - 187034.0, COLUMN E - 197148.0, COLUMN F - 193112.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15799058 878 1753018 819978 16732976 15396908 6706 2060444 1665000 15799058 14211252 147329 1496327 458000 15396908 17243006 -28987 -2322767 680000 14211252 13740339 -63441 4196108 630000 17243006 0.7 0.3 0.0 false false 2159439 533878 1625561 8994196 6500590 2493606 4119167 Federal Income Taxes LONG-TERM LEASE LIABILITY 12498140 Advance from Line of Credit 1500000 13998140 X 19036980 1510240 86831 197210 1794281 17242699 0 0 17242699 22661481 55503 197210 252713 22408768 0 0 22408768 Schedule D, Part V, Line 4 Intended uses of endowment funds THE THEATER'S ENDOWMENT CONSISTS OF FUNDS DESIGNATED BY THE GOVERNING BOARD TO FUNCTION AS ENDOWMENT. NET ASSETS ASSOCIATED WITH THE FUND ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE THEATER WILL CLASSIFY AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF ANY GIFTS DONATED TO A PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF ANY SUBSEQUENT GIFTS TO A PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF ANY DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS PERMANENTLY RESTRICTED NET ASSETS WILL BE CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE THEATER IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote CHICAGO SHAKESPEARE THEATER IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS A PUBLIC CHARITY BY THE INTERNAL REVENUE SERVICE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. CERTAIN REVENUES OF THE THEATER ARE UNRELATED BUSINESS INCOME; HOWEVER, THE ASSOCIATED EXPENSES EXCEEDED THOSE REVENUES DURING THE YEARS ENDED JUNE 30, 2025 AND 2024. ACCORDINGLY, NO UNRELATED BUSINESS INCOME TAX EXPENSE HAS BEEN RECOGNIZED. THE THEATER FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE THEATER FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024. THE THEATER'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 COGS - 171566 RENTAL EXPENSE - 25644 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COGS - 171566 RentAL Expense - 25644 Europe (Including Iceland and Greenland) 0 26 Program Services Artistic/Production Costs 409696 0 26 0 0 0 26 409696 0 409696 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual GALA 749572 720322 29250 24576 73367 65579 0 0 749572 720322 29250 24576 73367 65579 163522 -134272 X X true true X X X true false false false false false false false false EDWARD HALL ARTISTIC DIRECTOR 357253 0 15000 0 50876 0 0 0 24535 0 447664 0 0 0 KIMBERLY MOTES EXECUTIVE DIRECTOR 363495 0 15000 0 30728 0 847 0 704 0 410774 0 0 0 EMILY HANSEN DIRECTOR OF DEVELOPMENT 186850 0 0 0 0 0 0 0 600 0 187450 0 0 0 RICHARD BOYNTON FORMER CREATIVE PRODUCER 72315 0 50000 0 123126 0 0 0 15557 0 260998 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Gross-up tax reimbursement to Kimberly Motes and Edward Hall for taxable relocation expenses. These amounts are included in column B(III) as taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Social club dues were paid on behalf of Edward Hall and Kimberly Motes, to advance fundraising efforts for the organization. As business-related expenses, these dues were not treated as taxable compensation. Schedule J, Part I, Line 4a Severance or change-of-control payment DURING THE 2024 CALENDAR YEAR, RICHARD BOYNTON RECEIVED SEVERANCE PAYMENTS. THE AMOUNTS RECEIVED BY THE INDIVIDUAL ARE INCLUDED IN THE TOTALS IN column (B)(III). The specific amounts are not disclosed due to the confidential nature of the severance agreement. A Illinois Finance Authority Series 2016 861091967 2016-02-11 15100000 Cultural Facility Revenue Bond false false false A 11000000 15100000 218895 10781105 4100000 2017 true false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true A false false false false false true The Northern Trust 3.0 false false false 0 false false true A true 28 288932 Market value X DECORATIONS FOR EVENTS 3 11141 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - NUMBER OF CONTRIBUTIONS Other - DECORATIONS FOR EVENTS NUMBER OF CONTRIBUTIONS Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall have the power and authority to take any and all action which, consistent with applicable law, may be delegated by the board of directors to any of its committees, except as limited by the exclusive delegation of any such matter to one of the other standing committees by the bylaws or by resolution of the board of directors (including by virtue of approving the charter of any standing committee). Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Brayton Alley and Ayodeji Ayodele - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE DATA TO SUPPORT THE FORM 990 IS PREPARED BY MANAGEMENT AND A COPY OF THE RETURN IS THEN REVIEWED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT. ONCE THE REVIEW IS COMPLETE, MANAGEMENT REVIEWS THE FILING TO ENSURE THE COMPLETENESS AND ACCURACY. The independent accountants present the Form 990 to the audit committee for their review and approval. ONCE THIS REVIEW IS COMPLETE, A COPY OF FORM 990 IS SENT TO THE BOARD OF DIRECTORS BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy ALL MEMBERS OF THE BOARD OF DIRECTORS AND KEY EMPLOYEES COMPLETE CONFLICT OF INTEREST FORMS ANNUALLY. THESE FORMS ARE REVIEWED BY THE AUDIT COMMITTEE. WHEN A CONFLICT IS IDENTIFIED, INDIVIDUALS WITH A CONFLICT ABSTAIN FROM VOTING ON THE MATTER. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE INDEPENDENT EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, PURSUANT TO AUTHORITY DELEGATED BY THE BOARD THROUGH THE COMMITTEE'S CHARTER. IN DETERMINING APPROPRIATE COMPENSATION, THE COMMITTEE RELIES ON COMPARABILITY DATA, INCLUDING INFORMATION REPORTED ON FORM 990 OF SIMILAR ORGANIZATIONS AND COMPENSATION SURVEYS. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DOCUMENTED IN A WRITTEN CONTRACT. A DETAILED COMPENSATION REVIEW WAS LAST CONDUCTED IN 2023 AND IS GENERALLY PERFORMED EVERY 2-3 YEARS. IN INTERVENING YEARS, THE BOARD REVIEWS AND ENSURES COMPLIANCE WITH THE TERMS OF THE CONTRACT. Form 990, Part VI, Line 15b Process to establish compensation of other employees COMPENSATION FOR EXECUTIVE OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE INDEPENDENT EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, PURSUANT TO AUTHORITY DELEGATED BY THE BOARD THROUGH THE COMMITTEE'S CHARTER. IN DETERMINING APPROPRIATE COMPENSATION, THE COMMITTEE RELIES ON COMPARABILITY DATA, INCLUDING INFORMATION REPORTED ON FORM 990 OF SIMILAR ORGANIZATIONS AND COMPENSATION SURVEYS. COMPENSATION FOR EXECUTIVE OFFICERS IS DOCUMENTED IN A WRITTEN CONTRACT. A DETAILED COMPENSATION REVIEW WAS LAST CONDUCTED IN 2023 AND IS GENERALLY PERFORMED EVERY 2-3 YEARS. IN INTERVENING YEARS, THE BOARD REVIEWS AND ENSURES COMPLIANCE WITH THE TERMS OF THE CONTRACT. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AS REQUIRED BY LAW. ADDITIONALLY, THESE DOCUMENTS ARE AVAILABLE ON THE ILLINOIS ATTORNEY GENERAL'S WEBSITE. Form 990, Part XI, Line 8 PRIOR PERIOD ADJUSTMENTS During the fiscal year ended June 30, 2025, the Theater identified errors in the accounting for certain facility leases and related leasehold improvements.