2025-05-14T15:30:40-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-07-01 942831245 THEATREWORKS SILICON VALLEY THEA 6504637186 901 SHASTA ST REDWOOD CITY CA 940632127 PHIL SANTORA INTERIM EXECUTIVE DIRECTOR 6504637186 2025-05-12 1 1 SHELBY NETZ CPA P01405265 4147775500 2025-05-12 2023 2025-03-06 01:10:19Z GIOVANNA SARDELLI 901 SHASTA ST REDWOOD CITY CA 940632127 11008367 0 X WWW.THEATREWORKS.ORG X 1982 CA THEATREWORKS SILICON VALLEY (THEATREWORKS) IS ONE OF THE COUNTRY'S LEADING PROFESSIONAL THEATRES. OUR WORK CELEBRATES THE HUMAN SPIRIT THROUGH INNOVATIVE PRODUCTIONS, NEW WORKS, AND EDUCATION PROGRAMS INSPIRED BY AND ENGAGING OUR DIVERSE SILICON VALLEY COMMUNITY. 20 20 198 100 0 0 2475536 7837688 3048230 2828976 146548 143172 150373 93372 5820687 10903208 0 0 0 0 4536687 4277811 0 0 463015 4924351 4142758 9461038 8420569 -3640351 2482639 7556476 10983233 4312867 4931673 3243609 6051560 X TO PRESENT THEATRICAL PRODUCTIONS THAT CELEBRATE THE HUMAN SPIRIT THROUGH INNOVATIVE PRODUCTIONS, NEW WORKS, AND EDUCATIONAL PROGRAMS INSPIRED BY AND ENGAGING TO OUR DIVERSE SILICON VALLEY COMMUNITY. 0 0 4789561 2794066 MAIN STAGE PRODUCTIONS: IN FY24/SEASON 53, THEATREWORKS SILICON VALLEY PRODUCED SIX PRODUCTIONS WHICH INCLUDED A MIX OF CLASSICS, MUSICALS, CONTEMPORARY HITS, AND NEW WORKS. THE THEATRE'S ART REFLECTS ITS CORE VALUES OF ARTISTIC EXCELLENCE, INNOVATION, COLLABORATION AND CELEBRATING THE HUMAN SPIRIT. THEATREWORKS PERFORMS IN TWO PENINSULA VENUES: MOUNTAIN VIEW CENTER FOR THE PERFORMING ARTS ("MVCPA") AND LUCIE STERN THEATRE IN PALO ALTO. THE THEATRE IS A LORT C PROFESSIONAL THEATRE AT LUCIE STERN THEATRE AND A LORT B AT THE MVCPA. BOTH ARE AN INDICATION OF THE CALIBER OF ARTISTS IT HIRES AND A RANK SHARED WITH LESS THAN 50 REGIONAL THEATRES NATIONWIDE. 148109 117894 NEW WORKS INITIATIVE: THEATREWORKS HAS BECOME A THEATRE OF NATIONAL SIGNIFICANCE THROUGH ITS COMMITMENT TO NEW WORKS. THE THEATRE HAS PRODUCED OVER 70 WORLD PREMIERES. THE NEW WORKS INITIATIVE INCORPORATES ALL ASPECTS OF THE DEVELOPMENT PROCESS: STAGED READINGS AN ANNUAL WRITER'S RETREAT FOR PLAYWRIGHTS, COMPOSERS, AND LYRICISTS AN ANNUAL PUBLIC NEW WORKS FESTIVAL ARTIST COMMISSIONS AND FULL PRODUCTIONS OF WORLD PREMIERES. THEATREWORKS HAS CONTRIBUTED TO THE DEVELOPMENT OF OVER 100 NEW WORKS THROUGH THE NEW WORKS INITIATIVE, MANY OF WHICH HAVE BEEN PRODUCED ON ITS MAIN STAGE. AS A RESULT OF THE INITIATIVE, THEATREWORKS HAS GROWN FROM A THEATRE WITH AN IDEA FOR A UNIQUE DEVELOPMENTAL PROGRAM FOR NEW MUSIC THEATER TO A MAJOR PLAYER ON THE (CONTINUED ON SCHEDULE O) NATIONAL SCENE IN DEVELOPING AND PRODUCING WORLD PREMIERES. 54482 4740 ARTS EDUCATION PROGRAMS:STUDENT MATINEES: THEATREWORKS OFFERS LOW-COST DAYTIME PERFORMANCES FOR SCHOOL GROUPS AND YOUTH IN OUR COMMUNITY. BEFORE THE SHOW, EDUCATORS RECEIVE A GUIDEBOOK FULL OF INFORMATION AND ACTIVITIES TO CONNECT THE ART ONSTAGE TO THE WORK IN THEIR CLASSROOM. AFTER THE SHOW, THEATREWORKS HOSTS A TALK-BACK BETWEEN THE CAST AND THE STUDENT AUDIENCE.COMMUNITY ENGAGEMENT PROGRAMS: INCLUDE THE CHILDREN'S HEALING PROJECT, A UNIQUE ARTS HEALING PROGRAM AT THE LUCILE PACKARD CHILDREN'S HOSPITAL AND THE PROFESSIONAL INTERNSHIP PROGRAM. AUDIENCE ENRICHMENT OPPORTUNITIES INCLUDE DISCUSSION WEDNESDAYS (CONTINUED ON SCHEDULE O) A POST SHOW DISCUSSION BETWEEN AUDIENCE MEMBERS AND THE CAST, AND SHOW SPECIFIC BEHIND-THE-SCENES E-NEWSLETTERS.THE DIRECTORS SERIES: THE PLAYS ON OUR STAGE ARE IN CONVERSATION WITH EACH OTHER, TO TELL A STORY OF WHO WE ARE. THE DIRECTORS SERIES INVITES OUR DIRECTORS TO BE IN CONVERSATION ABOUT THEIR WORK, WHAT MOVES THEM, AND HOW THEY INSPIRE EACH OTHER. 4992152 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 42 0 1 198 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X CARMEN CHOI 6504637186 901 SHASTA ST REDWOOD CITY CA 940632127 DEBBIE CHINN EXECUTIVE DIRECTOR (THROUGH 06/2024) 40.00 X X 221054 0 109 TIMOTHY BOND ARTISTIC DIRECTOR (THROUGH 07/2023) 40.00 X X 145681 0 14896 GIOVANNA SARDELLI ARTISTIC DIRECTOR 40.00 X 132502 0 13288 KAREN SZPALLER PRODUCTION DIRECTOR 40.00 X 118191 0 9874 AARON NICHOLSON DEVELOPMENT DIRECTOR 40.00 X 102427 0 13967 MARK GREENSTEIN BOARD CHAIR 20.00 X X 0 0 0 HOLLY WARD BOARD VICE CHAIR 10.00 X X 0 0 0 WYNNE DUBOVOY BOARD SECRETARY 10.00 X X 0 0 0 ALEX PEREZ BOARD MEMBER 2.00 X 0 0 0 BARBARA SHAPIRO BOARD MEMBER 2.00 X 0 0 0 DANIEL SHIPLACOFF BOARD MEMBER 2.00 X 0 0 0 EDLYN YUEN BOARD MEMBER (AS OF 04/2024) 2.00 X 0 0 0 ELISA MARINA ALVARADO BOARD MEMBER 2.00 X 0 0 0 GARY STANFORD BOARD MEMBER 2.00 X 0 0 0 JANE WESTON BOARD MEMBER 2.00 X 0 0 0 JIM KNIPPLE BOARD MEMBER (AS OF 10/2023) 2.00 X 0 0 0 KATIE BLODGETT BOARD MEMBER 2.00 X 0 0 0 LYNN SZEKELEY BOARD MEMBER 2.00 X 0 0 0 MARK VERSHEL BOARD MEMBER 2.00 X 0 0 0 MATT FULLER BOARD MEMBER 2.00 X 0 0 0 MEB STEINER BOARD MEMBER 2.00 X 0 0 0 PEGGY WOODFORD FORBES BOARD MEMBER 2.00 X 0 0 0 ROSE HAU BOARD MEMBER 2.00 X 0 0 0 ROY JOHNSON BOARD MEMBER 2.00 X 0 0 0 SARAH DONALDSON BOARD MEMBER 2.00 X 0 0 0 719855 0 52134 5 0 1 0 ARMANINO LLP PO BOX 888285 LOS ANGELES CA 900888285 PROFESSIONAL SERVICES 126485 SWEIBEL ARTS 350 CABRINI BLVD APT 6J NEW YORK NY 10040 PROFESSIONAL SERVICES 109729 2 381101 7456587 1893780 7837688 TICKETS AND SUB SALES 711110 2828976 2828976 2828976 143172 143172 1439 1439 59368 381101 105159 -45791 -45791 COSTUME RENTAL 711110 87724 87724 BAD DEBT RECOVERY 900099 50000 50000 137724 10903208 2916700 0 148820 X 207185 116441 74813 15931 3332680 2050410 987532 294738 403219 265953 111529 25737 334727 220777 92584 21366 9363 9363 410988 410988 876804 351982 503742 21080 119303 119303 33127 33127 58435 58435 319652 319652 1187937 1029458 97987 60492 190731 190731 89855 89855 125481 82764 34708 8009 47545 47545 SUPPLIES AND MATERIALS 658139 363984 278493 15662 BAD DEBT WRITE-OFF 15398 15398 8420569 4992152 2965402 463015 998044 4626 1192067 3086860 189441 650602 79681 161248 3748603 3599501 126171 149102 2646070 3530944 2325002 3399851 7556476 10983233 1041392 454719 1197332 1079459 600000 600000 1474143 2797495 4312867 4931673 X -1996953 1184433 5240562 4867127 3243609 6051560 7556476 10983233 2482639 325312 0 X 0 1 X 1 0 X 6244895 4157918 6204637 2475536 7837688 26920674 3286931 159898 1568621 3048230 2916700 10980380 9531826 4317816 7773258 5523766 10754388 37901054 1287603 396278 577861 422150 1363078 4046970 0 1287603 396278 577861 422150 1363078 4046970 33854084 301448 114160 86306 215581 144611 862106 301448 114160 86306 215581 144611 862106 18902 26200 41563 64235 50000 200900 9852176 4458176 7901127 5803582 10948999 38964060 0.86890 0.87420 0.02210 0.02660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2808637 500000 287014 3595651 3581369 327268 1100000 2808637 4880345 -541088 757888 3581369 4378568 500 1068612 567335 4880345 4405321 1000 198737 226490 4378568 0.00000 1.00000 0.00000 0 0 149102 149102 3010369 3010369 0 589132 589132 0 149102 DEPOSITS 103766 BENEFICIAL USE OF PROPERTY 630369 RIGHT OF USE ASSET 2665716 3399851 LEASE LIABILITY PAYABLE 2797495 2797495 X 12697879 325312 1534757 -15398 1844671 10853208 50000 50000 10903208 9889928 1534757 -50000 1484757 8405171 15398 15398 8420569 PART V, LINE 4: GENERAL ENDOWMENT: CONTRIBUTIONS TO THIS ENDOWMENT ARE INVESTED WITH A PORTION OF THE INTEREST SPENT ANNUALLY TO FUND THREE PRIORITY PROGRAM AREAS: ARTISTIC EXCELLENCE, CREATING NEW WORKS FOR THE STAGE AND COMMUNITY OUTREACH AND EDUCATION. ARTISTIC DIRECTOR ENDOWMENT: CONTRIBUTIONS TO THE ENDOWMENT ARE INVESTED WITH THE INTEREST TO BE SPENT AT THE SOLE DISCRETION OF THE ARTISTIC DIRECTOR. PART X, LINE 2: THE THEATRE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701(D). ACCORDINGLY, IT HAS NOT PROVIDED FOR INCOME TAXES IN THESE FINANCIAL STATEMENTS. EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE THEATRE HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE THEATRE HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, HENCE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THESE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE RECLASSIFIED TO EXPENSES -15,398. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES RECLASSIFIED TO REVENUE 50,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES RECLASSIFIED TO REVENUE -50,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE RECLASSIFIED TO EXPENSES 15,398. GALA MAY 2024 440469 381101 59368 75426 5150 24583 440469 381101 59368 75426 5150 24583 105159 -45791 X X 1 0 0 0 0 0 0 0 0 DEBBIE CHINN EXECUTIVE DIRECTOR (THROUGH 06/2024) 198554 0 0 0 22500 0 0 0 109 0 221163 0 221163 0 TIMOTHY BOND ARTISTIC DIRECTOR (THROUGH 07/2023) 129155 0 0 0 16526 0 0 0 14896 0 160577 0 160577 0 PART I, LINE 4A TIM BOND RECEIVED SEVERANCE OF $16,526 DURING THE YEAR. X 12 1893780 NET SELLING PRICE 0 0 1 1 PART I, COLUMN (B): THIS NUMBER REFLECTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE ORGANIZATION USES A THIRD-PARTY TO IMMEDIATELY LIQUIDATE STOCK CONTRIBUTIONS UPON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 IS REVIEWED FOR COMPLETENESS AND ACCURACY BY THE BOARD OF DIRECTORS. ANY QUESTIONS ARISING DURING THE REVIEW PROCESS ARE RESOLVED PRIOR TO FILING. BOARD APPROVAL OF THE FORM 990 IS DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED, DISCUSSED, AND SIGNED BY THE BOARD OF DIRECTORS AND KEY EMPLOYEES ANNUALLY. CONFLICTS OF INTEREST ARE DISCLOSED AND DISCUSSED WHEN NECESSARY AS PER THE POLICY. THE COMPLIANCE OFFICER SHALL DETERMINE WHETHER A CONFLICT EXISTS AND, IF SO THE FULL BOARD (EXCLUDING THE INTERESTED PERSON) SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE OTHER ACTION NECESSARY TO ADDRESS THE CONFLICT AND PROTECT THE COMPANY. AN INTERESTED BOARD MEMBER OR STAFF MEMBER SHALL NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE OF THE BOARD, OR OF ANY COMMITTEE THEREOF, IN WHICH THE SUBJECT IS A TRANSACTION OR SITUATION IN WHICH THERE MAY BE A PERCEIVED OR ACTUAL CONFLICT EXCEPT TO PROVIDE CLARIFYING INFORMATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AND BENEFITS FOR THE ARTISTIC DIRECTOR AND MANAGING DIRECTOR ARE SET BY THE BOARD AND MAY NOT BE CHANGED BY EXECUTIVE MANAGEMENT. COMPARABILITY DATA FOR SIMILAR ROLES, ORGANIZATIONS AND REGIONS ARE USED; AND ALL DECISIONS AND DISCUSSIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THESE DOCUMENTS ARE REVIEWED REGULARLY AND APPROVED BY THE BOARD. FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 351,982. MANAGEMENT AND GENERAL EXPENSES 503,742. FUNDRAISING EXPENSES 21,080. TOTAL EXPENSES 876,804.