2024-11-14T15:33:19-06:00 2023-12-31 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2023-01-01 951543396 OLD GLOBE THEATRE OLDG 6192311941 PO BOX 122171 SAN DIEGO CA 921122171 MICHELLE L YEAGER DIRECTOR OF FINANCE 6192311941 2024-11-13 1 0 JANE COLEMAN SENIOR MANAGER P01391236 8586271400 2023 2024-10-15 13:58:12Z THE OLD GLOBE MICHELLE L YEAGER PO BOX 122171 SAN DIEGO CA 921122171 38007073 0 X WWW.THEOLDGLOBE.ORG X 1937 CA AS ONE OF THE NATION'S LEADING PROFESSIONAL REGIONAL THEATRES AND ONE OF SAN DIEGO'S LARGEST ARTS INSTITUTIONS, THE TONY AWARD-WINNING OLD GLOBE HAS SERVED THE SAN DIEGO REGION SINCE 1937 WHEN A POPULAR VENUE FOR SHAKESPEARE'S WORK AT THE 1935-36 CALIFORNIA PACIFIC INTERNATIONAL EXPOSITION IN BALBOA PARK WAS ESTABLISHED AS A PERMANENT OPERATION. THE OLD GLOBE PRODUCES A YEAR-ROUND SEASON OF 15 OR MORE PLAYS AND MUSICALS, INCLUDING WORLD PREMIERES, MODERN CLASSICS, NEW WORKS, BROADWAY-BOUND PRODUCTIONS AND THE HIGHLY-REGARDED SUMMER SHAKESPEARE FESTIVAL. IN ADDITION TO THE ARTISTIC PROGRAMMING ON ITS THREE STAGES, WITH AUDIENCE CAPACITIES OF 600/600/250, THE GLOBE OFFERS A WIDE RANGE OF ARTS ENGAGEMENT AND HUMANITIES PROGRAMS THAT CONTRIBUTE TO THE GROWTH AND EDUCATION OF AUDIENCES AND THE COMMUNITY AT LARGE. 44 42 729 1850 0 0 12222879 11540624 21339381 14902235 532156 829208 125255 421476 34219671 27693543 573261 1169417 0 0 22074971 20668737 190410 425085 2621273 16424915 14584368 39263557 36847607 -5043886 -9154064 81721511 74122919 9098039 10017376 72623472 64105543 X THE MISSION OF THE OLD GLOBE IS TO PRESERVE, STRENGTHEN AND ADVANCE AMERICAN THEATRE BY: CREATING THEATRICAL EXPERIENCES OF THE HIGHEST PROFESSIONAL STANDARDS; PRODUCING AND PRESENTING WORKS OF EXCEPTIONAL MERIT, DESIGNED TO REACH CURRENT AND FUTURE AUDIENCES; ENSURING DIVERSITY AND BALANCE IN PROGRAMMING; PROVIDING AN ENVIRONMENT FOR THE GROWTH AND EDUCATION OF THEATRE PROFESSIONALS, AUDIENCES AND THE COMMUNITY AT LARGE. 0 0 28364921 959517 14997100 THE OLD GLOBE WELCOMED 200,000 ADMISSIONS AND PROGRAM PARTICIPANTS, INCLUDING THOSE WHO ATTENDED OUR FREE ARTS ENGAGEMENT PROGRAMS IN THE COMMUNITY. THE OLD GLOBE PRESENTED 495 PERFORMANCES OF 15 PLAYS IN OUR THREE VENUES IN BALBOA PARK PLUS AT 19 VENUES THROUGHOUT THE SAN DIEGO REGION, INCLUDING IN TIJUANA, B.C., MEXICO. THE OLD GLOBE ANNUALLY EMPLOYS MORE THAN 700 ARTISTS, ARTISANS, AND STAFF MEMBERS, ATTRACTING LEADING NATIONAL THEATRE ARTISTS TO SAN DIEGO AS WELL AS STRENGTHENING THE LOCAL THEATRE SCENE BY HIRING HIGH-CALIBER PROFESSIONALS. OUR ANNUAL ECONOMIC IMPACT FOR SAN DIEGO IS $40.9 MILLION.THE OLD GLOBE'S REACH RADIATES FAR BEYOND SAN DIEGO, WITH 26 PRODUCTIONS HAVING MOVED TO BROADWAY, INCLUDING A GENTLEMAN'S GUIDE TO LOVE AND MURDER, ALMOST FAMOUS, AND MOST RECENTLY, BOB FOSSE'S DANCIN'. ADDING TO THIS REMARKABLE LEGACY, THE HEART OF ROCK & ROLL OPENED AT THE JAMES EARL JONES THEATRE IN APRIL 2024 AND BECAME THE 27TH GLOBE PRODUCTION TO ACHIEVE THE DISTINCTION OF A BROADWAY DEBUT. OUR SOCIAL JUSTICE ROADMAP HAS BEEN HAILED AS AN EXEMPLAR FOR AMERICAN THEATRE, WITH MEASURABLE COMMITMENTS AND REPORTS ON OUR PROGRESS SHARED WITH OUR COMMUNITY.THE OLD GLOBE'S POWERS NEW WORKS FUND SUPPORTED THE NEW COMMISSIONS OF FOUR PLAYWRIGHTS, FUNDED THIRTEEN DEVELOPMENTAL WORKSHOPS, AND SUPPORTED THE 2023 POWERS NEW VOICES FESTIVAL. FIVE PLAYS SHOWCASED IN RECENT POWERS FESTIVALS, INCLUDING UNDER A BASEBALL SKY, AGE OF INNOCENCE, STIR, EXOTIC DEADLY, AND CRIME AND PUNISHMENT A COMEDY, HAVE RECEIVED OR WILL RECEIVE THEIR WORLD PREMIERE BY THE END OF 2024. THE GLOBE'S ARTS ENGAGEMENT PROGRAMS ARE RECOGNIZED INTERNATIONALLY FOR THEIR INNOVATION, RESPONSIVENESS, AND ABILITY TO CONNECT WITH DIVERSE POPULATIONS. SINCE 2015, THE GLOBE HAS CULTIVATED DEEP RELATIONSHIPS WITH COMMUNITIES ACROSS SAN DIEGO COUNTY TO FOSTER CROSS-CULTURAL AND INTERGENERATIONAL SHARED EXPERIENCES CENTERED ON PARTICIPATORY THEATRE-MAKING. THROUGH 17 PROGRAMS CONDUCTED IN PARTNERSHIP WITH OVER 40 COMMUNITY ORGANIZATIONS, THE GLOBE ENGAGES WITH UNSHELTERED ADULTS, MILITARY SERVICE MEMBERS AND VETERANS, REFUGEE AND IMMIGRANT POPULATIONS, SENIOR CITIZENS, THE NEURODIVERSE COMMUNITY, INCARCERATED ADULTS, JUSTICE- INVOLVED YOUTH, AND TITLE I STUDENTS. THESE ORGANIZATIONS INCLUDE VETERANS VILLAGE, NAVAL BASE SAN DIEGO, FOURTH DISTRICT SENIOR RESOURCE CENTER, SBCS, LAS COLINAS DETENTION AND REENTRY FACILITY, CENTINELA AND DONOVAN STATE PRISONS, OCEANSIDE PUBLIC LIBRARY, AND MANY MORE. ONE OF OUR MOST POPULAR PROGRAMS IS GLOBE FOR ALL, AN ANNUAL TOURING SHAKESPEARE PRODUCTION THAT SERVES SAN DIEGO COMMUNITIES WITHOUT EASY ACCESS TO PROFESSIONAL THEATRE. IT BRINGS FREE PERFORMANCES, COMMUNITY MEALS, AND THEATRE WORKSHOPS TO 19 LOCAL SCHOOLS, CORRECTIONAL FACILITIES, AND COMMUNITY CENTERS ANNUALLY. FREE STUDENT MATINEES SERVED NEARLY 5,000 YOUNG PEOPLE AND THEIR TEACHERS, INTRODUCING THEM TO THEATRE - MANY FOR THE VERY FIRST TIME.OTHER PROGRAMS FOR YOUTH INCLUDE SCHOOL IN THE PARK, AN IMMERSIVE, MULTI-WEEK PROGRAM FOR ELEMENTARY AND MIDDLE SCHOOLS AT THE GLOBE, PAM FARR SUMMER SHAKESPEARE STUDIO FOR YOUNG ACTORS, THEATRE DESIGN STUDIO, WHICH INTRODUCES YOUNG PEOPLE TO CAREERS IN PRODUCTION, AND CREATIVE YOUTH STUDIO, WHICH GUIDES STUDENTS IN PERFORMANCE, TECHNICAL THEATRE, AND CAREER BUILDING. ALL TOGETHER, THESE PROGRAMS SERVED NEARLY 1,250 STUDENTS IN 2023.THE GLOBE DISTRIBUTED OVER 4,000 FREE TICKETS TO COMMUNITY ORGANIZATIONS, INCLUDING SBCS (FORMERLY SOUTH BAY COMMUNITY SERVICES), COMMUNITY YOUTH ATHLETICS CENTER IN NATIONAL CITY, ELDERHELP OF SAN DIEGO, AND THE USO. 209900 209900 0 THE GLOBE IS COMMITTED TO TRAINING THE ARTISTS OF THE FUTURE. THE OLD GLOBE AND UNIVERSITY OF SAN DIEGO SHILEY GRADUATE THEATRE PROGRAM IS CONSISTENTLY RANKED IN THE TOP TEN INTERNATIONALLY FOR GRADUATE THEATRE PROGRAMS. PROGRAMS FOR DIVERSE DIRECTORS, PLAYWRIGHTS, AND OTHER THEATRE ARTISTS HAVE HELPED TO LAUNCH OR EXPAND CAREERS OF THEATRE ARTISTS THROUGHOUT THE NATION. 28574821 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 300 0 1 729 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 44 42 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X MICHELLE L YEAGER 6192311941 1363 OLD GLOBE WAY SAN DIEGO CA 92101 ANN DAVIES PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 ANTHONY S THORNLEY TREASURER 8.00 0.50 X X 0 0 0 BARRY EDELSTEIN ARTISTIC DIRECTOR 40.00 X X 507387 0 151144 CASSANDRA WEINLEIN BOARD MEMBER 4.00 X 0 0 0 CHRISTIAN BUCKLEY BOARD MEMBER 4.00 X 0 0 0 CHRISTINE ROBERTS TRIMBLE BOARD MEMBER 4.00 X 0 0 0 DAPHNE H JAMESON BOARD MEMBER 4.00 X 0 0 0 DAVID JAY OHANIAN BOARD MEMBER 4.00 0.50 X 0 0 0 DEBRA TURNER BOARD MEMBER 4.00 X 0 0 0 DEIRDRA PRICE BOARD MEMBER 4.00 X 0 0 0 DIRK HARRIS BOARD MEMBER 4.00 X 0 0 0 DONALD L COHN PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 ELAINE BENNETT DARWIN PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 ELEANOR Y CHARLTON BOARD MEMBER 4.00 X 0 0 0 ELLISE COIT BOARD MEMBER (THRU 2/23) 4.00 X 0 0 0 EVELYN OLSON LAMDEN BOARD CHAIR 15.00 X X 0 0 0 EVELYN TRUITT BOARD MEMBER (THRU 11/23) 4.00 X 0 0 0 GEORGE C GUERRA INCOMING BOARD CHAIR 8.00 0.50 X X 0 0 0 GEORGE S DAVIS BOARD MEMBER 4.00 0.50 X 0 0 0 HAROLD W FUSON JR PAST CHAIR, EX-OFFICIO 6.00 X 0 0 0 JEAN SHEKHTER BOARD MEMBER 4.00 X 0 0 0 JENNIFER GREENFIELD BOARD MEMBER 4.00 X 0 0 0 JULES ARTHUR BOARD MEMBER 4.00 X 0 0 0 KAREN L SEDGWICK BOARD MEMBER, AUDIT CHAIR 8.00 X 0 0 0 KAREN TANZ BOARD MEMBER 4.00 X 0 0 0 KARIN WINNER BOARD MEMBER 4.00 X 0 0 0 KEVEN LIPPERT BOARD MEMBER 4.00 X 0 0 0 MARGARITA WILKINSON BOARD MEMBER, PHILANTHROPY CHAIR 8.00 X 0 0 0 MARK DELFINO BOARD MEMBER 4.00 1.00 X 0 0 0 MICHAEL TAYLOR BOARD MEMBER (THRU 4/23) 4.00 X 0 0 0 MONICA MEDINA BOARD MEMBER 4.00 X 0 0 0 NICOLE A CLAY PAST CHAIR, EX-OFFICIO 6.00 0.50 X 0 0 0 NISHMA HELD BOARD MEMBER 4.00 X 0 0 0 NOELLE NORTON PHD BOARD MEMBER 4.00 X 0 0 0 PAMELA A FARR BOARD MEMBER, INVESTMENT CHAIR 8.00 1.00 X 0 0 0 PAMELA J WAGNER BOARD MEMBER 4.00 X 0 0 0 PAULA POWERS SECRETARY 8.00 X X 0 0 0 PETER LANDIN BOARD MEMBER 4.00 0.50 X 0 0 0 RENEE SCHATZ WAILES BOARD MEMBER (THRU 7/23) 4.00 X 0 0 0 RHONA THOMPSON BOARD MEMBER (THRU 9/23) 4.00 X 0 0 0 ROBERT FOXWORTH BOARD MEMBER (THRU 3/23) 4.00 X 0 0 0 SANDRA REDMAN BOARD MEMBER 4.00 X 0 0 0 SHERYL WHITE PAST CHAIR, EX-OFFICIO (THRU 3/23) 6.00 X 0 0 0 SILVIJA DEVINE BOARD MEMBER 4.00 X 0 0 0 STEPHANIE BULGER PHD BOARD MEMBER (THRU 4/23) 4.00 X 0 0 0 SUE SANDERSON BOARD MEMBER 4.00 0.50 X 0 0 0 SUSAN HOEHN BOARD MEMBER 4.00 X 0 0 0 TERRY ATKINSON BOARD MEMBER 4.00 0.50 X 0 0 0 TIM SHIELDS MANAGING DIRECTOR 40.00 X X 518576 0 144493 VALERIE ATTISHA BOARD MEMBER 4.00 X 0 0 0 VICKI L ZEIGER PAST CHAIR, EX-OFFICIO 6.00 0.50 X 0 0 0 VLADIMIR VLAD VICTORIO BOARD MEMBER 4.00 X 0 0 0 ZEYNEP ILGAZ BOARD MEMBER (THRU 11/23) 4.00 X 0 0 0 ALEX ORBOVICH GENERAL MANAGER 40.00 X 145542 0 12574 DAVID HENSON DIRECTOR OF MARKETING 40.00 X 201000 0 6030 LLEWELLYN CRAIN DIR. OF PHILANTHROPY (THRU 7/23) 40.00 X 139216 0 14914 MICHELLE YEAGER DIRECTOR OF FINANCE 40.00 X 190457 0 15263 ROBERT DRAKE SENIOR PRODUCER 40.00 X 161652 0 14737 BENJAMIN THORON PRODUCTION MANAGER 40.00 X 125652 0 17419 DEAN M YAGER INFORMATION TECHNOLOGY DIRECTOR 40.00 X 133418 0 14300 JAMILA Y DEMBY DIRECTOR OF EDIA 40.00 X 119303 0 10207 RYAN J OSBORN MASTER ELECTRICIAN 40.00 X 108914 0 32884 STACY SUTTON COSTUME DIRECTOR 40.00 X 112434 0 12722 2463551 0 446687 16 0 1 0 ENNEAD ARCHITECTS LLP 1 WORLD TRADE CENTER 40TH FLOOR NEW YORK NY 10007 ARCHITECTURE & DESIGN 719648 CALIFORNIA TIMES PO BOX 122171 SAN DIEGO CA 92112 ADVERTISING/PUBLISHING 449280 LES 7 DOIGTS DE LA MAIN 2111 BOUL ST-LAURENT MONTREAL CA H2X 2T5 PERFORMANCES 403604 DANIEL J EDELMAN INC PO BOX 122171 SAN DIEGO CA 92112 ADVERTISING/PUBLISHING 275100 COMMUNITY COUNSELLING SERVICE CO LLC 527 MADISON AVE 5TH FLOOR NEW YORK NY 10022 PROFESSIONAL FEES 270000 19 963025 2191030 1132065 7254504 661846 11540624 ADMISSIONS 711310 12974982 12974982 ENHANCEMENT REVENUE 711310 983431 983431 EDUCATIONAL PROGRAMS 611600 11877 11877 931945 931945 14902235 979470 979470 35661 35661 173808 2875 63892 0 109916 2875 112791 112791 9256894 9407156 -150262 -150262 -150262 132850 963025 392370 -259520 -259520 982656 450112 532544 94865 437679 27693543 14997100 0 1155819 959517 959517 209900 209900 2222985 824635 808092 590258 14742978 12630418 1282934 829626 866913 854855 12058 1403919 1219819 114664 69436 1431942 1192285 142866 96791 69039 15340 53699 254387 254387 66500 66500 425085 425085 73849 73849 2542285 1516683 929058 96544 849976 816991 14234 18751 1194827 501421 643877 49529 414299 14124 400175 802134 802134 755556 640694 114862 407521 383757 20024 3740 28183 5034 19804 3345 1824962 1472512 352450 861915 590336 263948 7631 PRODUCTION 2302167 2302167 CREDIT LOSSES 825458 825458 MAINTENANCE 428928 362530 66398 CATERING 351602 172668 1132 177802 530780 195043 83002 252735 36847607 28574821 5651513 2621273 2729319 4235074 2915465 1900986 5811472 4906252 5152063 1033861 176801 175912 548006 856281 50120458 32486946 18807575 17633512 15775359 14425590 29805451 28955451 81721511 74122919 3591823 3388780 5506216 6628596 9098039 10017376 X 31306605 25980627 41316867 38124916 72623472 64105543 81721511 74122919 X -9154064 584048 52087 X 0 1 X 1 0 X 10409125 10481436 22809383 12222879 11540624 67463447 18767171 2218002 7216267 21515632 15075159 64792231 29176296 12699438 30025650 33738511 26615783 132255678 3779321 4817256 5765591 3963646 6501512 24827326 0 3779321 4817256 5765591 3963646 6501512 24827326 107428352 412452 300294 209694 666927 1191814 2781181 412452 300294 209694 666927 1191814 2781181 685401 76629 290841 754466 809732 2617069 30274149 13076361 30526185 35159904 28617329 137653928 0.78040 0.79810 0.02020 0.01310 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CONCESSIONS - 2019 AMOUNT: $ 685,401. 2020 AMOUNT: $ 76,629. 2021 AMOUNT: $ 290,841. 2022 AMOUNT: $ 754,466. 2023 AMOUNT: $ 809,732. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: UNUSUAL GRANT DATE: 12/31/19 AMOUNT: 69955451. DESCRIPTION: UNUSUAL GRANT DATE: 12/31/20 AMOUNT: 3500000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 66500 66500 0 PART II-B, LINE 1: LOBBYING FIRM ENGAGED TO LOBBY THE CITY OF SAN DIEGO WITH RESPECT TO THE HISTORICAL BUILDING REQUIREMENTS. 50912563 355504 6202127 2224030 55246164 56956945 563065 -5699595 907852 50912563 50985347 362920 5863661 254983 56956945 45947528 1053665 4322408 338254 50985347 14377137 30325387 1612819 367815 45947528 0.67042 0.26119 0.06839 1 1 1 1750000 1750000 5644934 3868054 1776880 34931993 22390612 12541381 7793531 6228280 1565251 17633512 INVESTMENT IN LIMITED PARTNERSHIP 28955451 28955451 X 33614405 584048 418406 8331274 9333728 24280677 73849 3339017 3412866 27693543 37139021 418406 3349766 3768172 33370849 73849 3402909 3476758 36847607 PART V, LINE 4: THE ORGANIZATION CONTINUES RAISING FUNDS DIRECTLY FOR THE ENDOWMENT WITH THE INTENT THAT A 5% ANNUAL DRAW WILL COVER THE STRUCTURAL DEFICIT BETWEEN EARNED/CONTRIBUTED REVENUE AND EXPENSE NEEDED TO FULFILL ITS MISSION. PART X, LINE 2: THE OLD GLOBE AND THE TRUST ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE OLD GLOBE MAY BE SUBJECT TO FEDERAL OR STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. FOR EACH OF THE YEARS ENDED DECEMBER 31, 2023 AND 2022, NO PROVISION FOR SUCH TAXES IS REQUIRED. THE OLD GLOBE HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2023 AND 2022. THE OLD GLOBE AND THE TRUST FILE EXEMPT ORGANIZATION RETURNS IN THE UNITED STATES FEDERAL JURISDICTION AND WITH THE FRANCHISE TAX BOARD IN THE STATE OF CALIFORNIA. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 450,112. CONSOLIDATED ENDOWMENT REVENUE 7,436,705. SPECIAL EVENTS EXPENSE 392,370. EMPLOYEE RETENTION TAX CREDIT 52,087. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ENDOWMENT EXPENSES 2,443,392. CONSOLIDATED ELIMINATION ENTRY 959,517. RENTAL EXPENSES -63,892. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 450,112. CONSOLIDATED ENDOWMENT EXPENSES 2,443,392. SPECIAL EVENTS EXPENSE 392,370. RENTAL EXPENSES 63,892. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ENDOWMENT EXPENSES 2,443,392. CONSOLIDATED ELIMINATION ENTRY 959,517. X X X X 1 BENNETT DIRECT INC PO BOX 0015 MILWAUKEE WI 53201 TELEPHONE DONATION SOLICITING 0 162262 74277 87985 LAMARCA HEINRICH STRATEGIC CONSULTING LLC 1441 HAWTHORNE TERRACE BERKELEY CA 94708 CAPITAL CAMPAIGN FEASIBILITY STUDY 0 0 80808 -80808 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 19182 FUNDRAISING MANAGEMENT SERVICES 0 0 270000 -270000 162262 425085 -262823 CA GALA 1095875 963025 132850 13599 130359 119350 129062 1095875 963025 132850 13599 130359 119350 129062 392370 -259520 1 OLD GLOBE ENDOWMENT TRUST PO BOX 122171 SAN DIEGO CA 921122171 336125358 501(C)(3) 959517 0 GRANT TO SUPPORTING ORGANIZATION TO HOLD AS ENDOWMENT 1 0 UNIVERSITY OF SAN DIEGO, MASTER OF FINE ARTS PROGRAM 21 209900 FAIR MARKET VALUE N/A PART I, LINE 2: GRANTS/STIPENDS ARE GIVEN TO GRADUATE STUDENTS IN AN MFA PROGRAM RUN JOINTLY BY THE UNIVERSITY OF SAN DIEGO AND OLD GLOBE THEATRE. THE STIPENDS' PURPOSE FOR MFA STUDENTS IS TO COVER A PORTION OF MONTHLY LIVING EXPENSES OVER A TWO YEAR COURSE. PART I, LINE 2: GRANTS ARE PAID TO THE OLD GLOBE ENDOWMENT TRUST, WHICH IS A SUPPORTING ORGANIZATION OF THE OLD GLOBE THEATRE, TO HOLD AS ENDOWMENT AND ARE APPROVED BY THE BOARD OF DIRECTORS AND MONITORED BY THE OLD GLOBE THEATRE. X X X 0 1 0 0 0 0 0 1 0 TIM SHIELDS MANAGING DIRECTOR 418576 0 100000 0 0 0 132850 0 11643 0 663069 0 0 0 BARRY EDELSTEIN ARTISTIC DIRECTOR 407387 0 100000 0 0 0 132850 0 18294 0 658531 0 0 0 DAVID HENSON DIRECTOR OF MARKETING 201000 0 0 0 0 0 6030 0 0 0 207030 0 0 0 MICHELLE YEAGER DIRECTOR OF FINANCE 190457 0 0 0 0 0 5760 0 9503 0 205720 0 0 0 ROBERT DRAKE SENIOR PRODUCER 161652 0 0 0 0 0 4950 0 9787 0 176389 0 0 0 ALEX ORBOVICH GENERAL MANAGER 145542 0 0 0 0 0 4071 0 8503 0 158116 0 0 0 LLEWELLYN CRAIN DIR. OF PHILANTHROPY (THRU 7/23) 139216 0 0 0 0 0 4383 0 10531 0 154130 0 0 0 PART I, LINE 4B BARRY EDELSTEIN, AN OFFICER, PARTICIPATED IN A 457(F) PLAN. FOR 2023, THERE WERE CONTRIBUTIONS MADE OF $100,000 AND NO DISTRIBUTIONS. TIMOTHY SHIELDS, AN OFFICER, PARTICIPATED IN A 457(F) PLAN. FOR 2023, THERE WERE CONTRIBUTIONS MADE OF $100,000 AND NO DISTRIBUTIONS. PART I, LINE 7 NONDISCRETIONARY BONUS PAYMENTS WERE PAID BASED ON PERSONS MEETING GOALS SET BY AND APPROVED BY BOARD OF DIRECTORS. X 27 521058 FMV X FOOD AND BEVERAGE 8 138874 COST X FLOWERS 1 1914 COST 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B), THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. SIGNIFICANT DECISIONS ARE MADE BY THE BOARD. NO ONE RECEIVES A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP WHO HAVE THE RIGHT TO ELECT OFFICERS AS PROPOSED TO THEM BY THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B DIRECTOR OF FINANCE (CORPORATE OFFICER) AND TAX PREPARER COMPLETE 990, WHICH IS REVIEWED BY THE MANAGING DIRECTOR. AFTER MANAGEMENT'S APPROVAL OF THE 990, EACH MEMBER OF THE BOARD OF DIRECTORS IS PROVIDED ACCESS TO THE PUBLIC DISCLOSURE COPY OF THE 990 PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND PRINCIPAL OFFICER ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE OLD GLOBE IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF A CONFLICT ARISES, THAT BOARD MEMBER CAN NOT VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE CONTRACTS FOR THE ARTISTIC AND MANAGING DIRECTORS ARE NEGOTIATED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THEIR PROCESS INCLUDES A PERSONNEL APPRAISAL, CONSIDERATION OF SALARY SURVEYS OF COMPARABLE INSTITUTIONS, AS WELL AS PEER DISCUSSION WITH BOARDS OF OTHER MAJOR PERFORMING ARTS ORGANIZATIONS. THE MOST RECENT CONTRACT FOR THE MANAGING DIRECTOR COVERS 1/1/21-12/31/25. THE MOST RECENT CONTRACT FOR THE ARTISTIC DIRECTOR COVERS 1/1/21-12/31/25. A WRITTEN SUBSTANTIATION IS HELD IN THE FILES OF THE ORGANIZATION'S INDEPENDENT ATTORNEY. THE SALARY OF THE DIRECTOR OF FINANCE IS APPROVED BY THE EXECUTIVE COMMITTEE. THE MANAGING DIRECTOR USES THE ORGANIZATION'S FORMAL APPRAISAL PROCESS, ON-GOING EVALUATIONS, AND COMPARABILITY INFORMATION FROM THE ANNUAL THEATRE COMMUNICATIONS GROUP SALARY SURVEY FOR EACH CORPORATE OFFICER AND/OR KEY EMPLOYEE. POSITIONS INCLUDE GENERAL MANAGER, SENIOR PRODUCER, DIRECTOR OF ARTS ENGAGEMENT, DIRECTOR OF PHILANTHROPY, DIRECTOR OF HUMAN RESOURCES, DIRECTOR OF MARKETING AND COMMUNICATIONS, DIRECTOR OF FINANCE, AND DIRECTOR OF EDIA. THIS ANNUAL PROCESS HAS BEEN IN PLACE SINCE YEAR-BEGINNING 2004. CONTEMPORANEOUS SUBSTANTIATION IS A FINAL NEW SALARIES DOCUMENT WHICH IS SIGNED BY THE MANAGING DIRECTOR AND DIRECTOR OF HUMAN RESOURCES, THEN FORWARDED TO HUMAN RESOURCES AND PAYROLL FOR IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EMPLOYEE RETENTION TAX CREDIT 52,087. OLD GLOBE ENDOWMENT TRUST PO BOX 122171 SAN DIEGO CA 921122171 336125358 SUPPORTING THE OLD GLOBE THEATRE'S PROGRAMS CA 501(C)(3) 12A N/A 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 OLD GLOBE ENDOWMENT TRUST B 959517 CASH OLD GLOBE ENDOWMENT TRUST C 2191030 CASH