2026-07-15T21:05:43-05:00 2025-08-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2024-09-01 237313407 THE PEOPLE'S LIGHT & THEATRE COMPANY PEOP 6106471900 39 CONESTOGA RD MALVERN PA 193551737 ZAK BERKMAN PRODUCING ARTISTIC DIRECTOR 6106471900 2026-07-15 1 0 ERIC HARRISON P01916785 2127094500 2026-07-14 2024 2025-03-06 01:10:19Z ZAK BERKMAN 39 CONESTOGA RD MALVERN PA 193551737 7053465 0 X WWW.PEOPLESLIGHT.ORG X 1974 PA PEOPLE'S LIGHT, A CULTURAL AND CIVIC CENTER WITH THEATRE AT ITS CORE, INVITES AND CREATES OPPORTUNITIES FOR DIVERSE COMMUNITIES TO DISCOVER AND CELEBRATE OUR SHARED HUMANITY 24 23 215 20 0 0 3103144 3287319 1138516 1881656 413051 332207 450918 333955 5105629 5835137 0 0 0 0 4120392 3843415 0 0 510589 3220226 3734948 7340618 7578363 -2234989 -1743226 19631018 19052177 2944148 3007810 16686870 16044367 PEOPLE'S LIGHT, A CULTURAL AND CIVIC CENTER WITH THEATRE AT ITS CORE, INVITES AND CREATES OPPORTUNITIES FOR DIVERSE COMMUNITIES TO DISCOVER AND CELEBRATE OUR SHARED HUMANITY. 0 0 3522308 0 1761625 MAINSTAGE SERIES PROVIDES APPROXIMATELY 60,000 PEOPLE WITH CULTURALLY DIVERSE DRAMA FROM KNOWN CLASSICS TO CONTEMPORARY PLAYS. 361887 0 120032 ARTS DISCOVERY, OUTREACH PROGRAMS, AND THEATRE SCHOOL PROVIDE MORE THAN 11,000 INTERACTIONS WITH SCHOOL STUDENTS. SECONDARY SCHOOL WORKSHOPS DEMONSTRATE THE CREATION AND PERFORMANCE OF A PLAY. THEATRE SCHOOL CLASSES ARE PROVIDED FOR THE EDUCATION OF THE COMMUNITY AND CULTURAL ENRICHMENT. 0 0 0 103085 0 618778 103085 618778 3987280 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 121 0 215 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X ZAK BERKMAN 6106471900 39 CONESTOGA RD MALVERN PA 193551737 ZACHARY A BERKMAN PRODUCING ARTISTIC DIRECTOR 40.00 0.00 X X 158698 0 30421 ABIGAIL ADAMS SENIOR DIR OF SPECIAL PROJECTS 16.00 0.00 X 0 0 0 KATHERINE H MCNABB PRESIDENT 1.00 0.00 X 0 0 0 KATHLEEN GUBANICH VICE PRESIDENT 1.00 0.00 X 0 0 0 MICHAEL SMITH TREASURER 1.00 0.00 X 0 0 0 PAT LUSK SECRETARY (THRU 6/2025) 1.00 0.00 X 0 0 0 HEATHER HOYT SECRETARY (AS OF 6/2025) 1.00 0.00 X 0 0 0 BARBARA AUSTELL TRUSTEE 1.00 0.00 X 0 0 0 JEB BARTH TRUSTEE 1.00 0.00 X 0 0 0 RENEE BATTISTI TRUSTEE 1.00 0.00 X 0 0 0 DIANE BISHOP TRUSTEE 1.00 0.00 X 0 0 0 LORI ESPE TRUSTEE 1.00 0.00 X 0 0 0 MELANYE FINISTER TRUSTEE 1.00 0.00 X 0 0 0 ROBERT JEFFERSON IV TRUSTEE 1.00 0.00 X 0 0 0 AMANDA KESLER TRUSTEE 1.00 0.00 X 0 0 0 TIEN-YUCH KUBACH TRUSTEE (AS OF 6/2025) 1.00 0.00 X 0 0 0 MARK LANGDON TRUSTEE 1.00 0.00 X 0 0 0 AMANDA LEVINE TRUSTEE 1.00 0.00 X 0 0 0 MO PAKNEJAD TRUSTEE 1.00 0.00 X 0 0 0 JAMES RYLAND TRUSTEE 1.00 0.00 X 0 0 0 RASMEET SACHDEVA TRUSTEE 1.00 0.00 X 0 0 0 NICOLE SAKOWITZ TRUSTEE 1.00 0.00 X 0 0 0 JOHN S SCHMADER TRUSTEE 1.00 0.00 X 0 0 0 KATY ZACHRY VANDEGRIFT TRUSTEE 1.00 0.00 X 0 0 0 JOSH MAXWELL TRUSTEE 1.00 0.00 X 0 0 0 THOMAS H JOHANTGEN TRUSTEE (THRU 6/2025) 1.00 0.00 X 0 0 0 158698 0 30421 1 0 1 0 0 250230 2500 3034589 69860 3287319 SINGLE TICKET SALES 711110 1578748 1578748 SUBSCRIPTION SERIES TICKETS 711110 182877 182877 TUITION INCOME 611600 108072 108072 RESIDENCY & WORKSHOP FEES 611600 11959 11959 1881656 330495 330495 852613 850901 1712 1712 1712 365691 250230 360602 5089 5089 34200 6825 27375 27375 BUILDING MAINTENANCE FEES 711110 142467 142467 CONCESSION SALES 711110 115738 115738 OTHER INCOME 900099 18606 18606 24680 24680 301491 5835137 2183147 0 364671 158698 158698 2794260 1790645 732997 270618 133457 101950 9375 22132 483318 296687 138592 48039 273682 170480 82033 21169 295541 295541 750 750 135628 135628 22983 22983 564768 564768 382859 382859 96004 44878 28687 22439 285747 131310 88782 65655 CONCESSIONS EXPENSE 47382 47382 DUES AND SUBSCRIPTION 16774 16774 1886512 1451330 374645 60537 7578363 3987280 3080494 510589 1984528 760796 316105 895502 1013325 657876 12867 11003 298253 259078 10028889 7624020 2417356 2404869 12546158 12779439 1042426 1283614 19631018 19052177 224009 364641 409177 388850 2153385 2000000 152610 157577 101709 2944148 3007810 X 4775586 5858571 11911284 10185796 16686870 16044367 19631018 19052177 X -1743226 1107165 -6442 X 0 1 X 1 0 X 2105179 5020883 2606097 3103144 2560953 15396256 83251 648234 1028268 1276865 1881656 4918274 2188430 5669117 3634365 4380009 4442609 20314530 283220 235177 1276020 479129 300544 2574090 0 283220 235177 1276020 479129 300544 2574090 17740440 195613 263396 288577 409733 332207 1489526 195613 263396 288577 409733 332207 1489526 209574 361900 253492 29641 301491 1156098 2593617 6294413 4176434 4819383 5076307 22960154 0.77270 0.75490 0.06490 0.05420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13449479 -51077 13398402 11894797 1200000 354682 13449479 10692998 1050000 151799 11894797 12105161 1350000 -2762163 10692998 9395510 1000000 1709651 12105161 0.35000 0.65000 0 0 124494 124494 5008134 3706197 1301937 3971231 3159664 811567 925030 758159 166871 2404869 INTERCOMPANY RECEIVABLE 864796 RIGHT-OF-USE ASSETS - OPERATING LEASES 100602 FIRST COMMONWEALTH RESERVE 272250 DEFERRED ASSETS 45966 1283614 LEASE LIABILITIES -OPERATING LEASES 101709 101709 X PART V, LINE 4: THE THEATRE PERIODICALLY APPROPRIATES INVESTMENT EARNINGS ON THE ENDOWMENT FUNDS FOR PURPOSES DESIGNATED BY DONORS. PART X, LINE 2: THE THEATRE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE CODE; HOWEVER, IT MAINTAINS A WHOLLY OWNED SUBSIDIARY, ACTORS' INN, A TAXABLE ENTITY. ACTORS' INN INCURRED NET LOSSES IN BOTH FISCAL YEARS 2025 AND 2024. THE FEDERAL AND STATE INCOME TAX BENEFITS ASSOCIATED WITH THESE LOSSES OF $48,546 AND $17,908 HAVE BEEN RECORDED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AS NON-OPERATING INCOME. THE THEATRE RECOGNIZES THESE BENEFITS WHEN, IN THE OPINION OF MANAGEMENT, THERE IS MORE THAN A 50% PROBABILITY THAT THE TAX POSITIONS TAKEN IN THE CALCULATION OF THE RELATED TAX LOSSES WILL BE ACCEPTED BY THE APPLICABLE TAXING AUTHORITIES IF THE UNDERLYING RETURNS WERE TO BE AUDITED. THE CUMULATIVE NET OPERATING LOSS (NOL) CARRYFORWARD OF ACTORS' INN WAS $1,161,448 AND $1,012,418 AS OF AUGUST 31, 2025 AND 2024, RESPECTIVELY PURSUANT TO THE TAX CUTS AND JOBS ACT OF 2017, THIS NOL CARRYFORWARD WILL NOT EXPIRE. MANAGEMENT ANTICIPATES APPLYING THE NOL CARRYFORWARD AGAINST FUTURE TAXABLE INCOME OF ACTORS' INN; THEREFORE, NO VALUATION ALLOWANCE HAS BEEN ESTABLISHED TO REDUCE THE ASSOCIATED DEFERRED TAX ASSET, WHICH HAS BEEN RECORDED TO REFLECT THE FUTURE BENEFITS TO BE REALIZED. POSITIONS TAKEN BY MANAGEMENT IN THE PREPARATION OF TAX RETURNS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A FUTURE DATE BASED ON EXAMINATION BY TAXING AUTHORITIES AND/OR ONGOING ANALYSIS OF AND CHANGES IN TAX LAWS, REGULATIONS AND INTERPRETATIONS. RETURNS FOR FISCAL YEARS PRIOR TO 2022 ARE NO LONGER SUBJECT TO AUDIT, AND NO AUDITS FOR ANY TAX PERIODS ARE CURRENTLY IN PROGRESS. THE THEATRE HAS NOT INCURRED ANY INTEREST OR PENALTIES RELATING TO ITS TAX RETURNS, AND NONE HAS BEEN RECORDED OR ACCRUED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR 2025 AND 2024. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 FUNDRAISING - LONDON TOURS 225097 0 0 0 0 0 0 225097 0 225097 0 0 0 0 0 0 PART I, LINE 3: EXPENDITURES REPORTED IN COLUMN F ARE BASED ON THE ORGANIZATION'S BOOKS AND RECORDS. HIGH FIVE 242110 213355 28755 6364 15358 43342 LONDON 275190 10200 264990 217224 7874 1 98621 26675 71946 400 23774 5859 6858 33549 615921 250230 365691 400 23774 12223 239440 84765 360602 5089 34200 6825 0 34200 6825 6825 27375 PA 1 0 0 0 1.00000 JANE MOSS 39 CONESTOGA ROAD MALVERN PA 193551737 0 JANE MOSS X 0 X 0 0 0 0 0 0 0 0 0 ZACHARY A BERKMAN PRODUCING ARTISTIC DIRECTOR 158698 0 0 0 0 0 15870 0 14551 0 189119 0 0 0 X 4 69060 FMV - CONTRIB DATE X TWO 76ERS GAME TICKETS 1 800 COST BASIS 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES A BROKERAGE FIRM TO SELL THE CONTRIBUTED STOCK UPON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION AND SCHEDULES ARE PREPARED BY THE FINANCE DEPARTMENT FOR THE 990. INDEPENDENT ACCOUNTANTS PREPARE THE 990 WHICH IS THEN REVIEWED IN DETAIL BY THE DIRECTOR OF FINANCE. THE DIRECTOR OF FINANCE EMAILS THE 990 TO THE AUDIT COMMITTEE WHO REVIEWS THE DOCUMENT IN DETAIL AND APPROVES THE 990, WHICH IS THEN SHARED WITH THE BOARD AND FILED. FORM 990, PART VI, SECTION B, LINE 12C EVERY JUNE, THE BOARD IS GIVEN A COPY OF THE POLICY AND A FORM TO DISCLOSE ANY POTENTIAL CONFLICTS. THE GENERAL MANAGER MAINTAINS THESE FORMS WHICH ARE REVIEWED BY THE EXECUTIVE ARTISTIC DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE EXECUTIVE COMMITTEE ANNUALLY DETERMINE THE COMPENSATION PACKAGE OF THE KEY EXECUTIVE OFFICERS OF THE THEATRE. THE PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE UTILIZE THEATRE COMMUNICATIONS GROUP ANNUAL SALARY SURVEY (AND OTHER DATA AS REQUESTED) TO DETERMINE IF THE SALARIES APPROPRIATELY FIT WITHIN THE RANGES FOR THEATRES OF LIKE BUDGET, SIZE AND LOCATION. THE BOARD APPROVES MANAGEMENT'S RECOMMENDATIONS FOR ALL SALARIES, RAISE PERCENTAGES AND BENEFITS FOR ALL EMPLOYEES WHEN APPROVING THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RECONCILIATION ADJUSTMENT -6,442. ACTOR'S INN 39 CONESTOGA ROAD MALVERN PA 19355 251858788 CATERING PA PEOPLE'S LIGHT C 830908 806024 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 ACTOR'S INN N 276489 BOOK ALLOCATION