2025-05-14T08:30:19-05:00 2023-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-07-01 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 2022 2025-03-06 01:10:19Z X X GIOVANNA SARDELLI 901 SHASTA ST REDWOOD CITY CA 940632127 5899680 0 X WWW.THEATREWORKS.ORG X 1982 CA OUR WORK CELEBRATES THE HUMAN SPIRIT THROUGH INNOVATIVE PRODUCTIONS, NEW WORKS, AND EDUCATION PROGRAMS INSPIRED BY AND ENGAGING OUR DIVERSE SILICON VALLEY COMMUNITY. 24 22 285 100 0 0 6204637 2475536 1566286 3048230 362481 146548 53637 150373 8187041 5820687 0 0 0 0 4699151 4536687 0 0 699042 2837547 4924351 7536698 9461038 650343 -3640351 8373819 7556476 1547562 4312867 6826257 3243609 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 4317755 0 2989124 MAIN STAGE PRODUCTIONS: IN FY23/SEASON 52, THEATREWORKS SILICON VALLEY PRODUCED SIX PRODUCTIONS WHICH INCLUDED A MIX OF CLASSICS, MUSICALS, CONTEMPORARY HITS, AND NEW WORKS INCLUDING A WEST COAST PREMIERE (IN EVERY GENERATION) AND A WORLD PREMIERE (A DISTINCT SOCIETY). THE THEATRE'S ART REFLECTS ITS CORE VALUES OF ARTISTIC EXCELLENCE, DIVERSITY, 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 NATIONWIDESPIRIT. 284687 0 16790 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 NATIONAL SCENE IN DEVELOPING AND PRODUCING WORLD PREMIERES. 142344 0 42316 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. STUDENT MATINEES ARE $10 EACH; CHAPERONES ARE FREE. 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, 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. 4744786 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 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 41 0 1 285 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CARMEN CHOI 6504637186 901 SHASTA ST REDWOOD CITY CA 940632127 X TIM BOND ARTISTIC DIRECTOR 40.00 X X 240818 0 10645 PHILIP SANTORA EXECUTIVE DIRECTOR (THRU 09/22) 40.00 X X 202269 0 1374 DEBBIE CHINN EXECUTIVE DIRECTOR (AS OF 11/22) 40.00 X X 38484 0 0 ALEJANDRA CISNEROS DIRECTOR OF ARTS ENGAGEMENT 40.00 X 105379 0 0 CLAYTON SHELVIN DEVELOPMENT DIRECTOR (THRU 08/22) 40.00 X 118510 0 1700 PETER CHENOT MARKETING DIRECTOR (THRU 02/23) 40.00 X 122613 0 15745 KAREN SZPALLER PRODUCTION DIRECTOR 40.00 X 111310 0 0 HOLLY WARD BOARD CHAIR 20.00 X X 0 0 0 MARK GREENSTEIN BOARD VICE CHAIR 10.00 X X 0 0 0 WYNNE SEGAL DUBOVOY BOARD SECRETARY 10.00 X X 0 0 0 MATT FULLER TREASURER 10.00 X X 0 0 0 ADAM BANK BOARD MEMBER (THRU 09/22) 2.00 X 0 0 0 ALEX PEREZ BOARD MEMBER (AS OF 01/23) 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 DERRY KABCENELL BOARD MEMBER 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 GAYLA LORTHRIDGE WOOD BOARD MEMBER 2.00 X 0 0 0 JANE WESTON BOARD MEMBER 2.00 X 0 0 0 JAYNE BOOKER BOARD MEMBER (THRU 03/23) 2.00 X 0 0 0 JULIE KAUFMAN BOARD MEMBER 2.00 X 0 0 0 KATIE BLODGETT BOARD MEMBER (AS OF 01/23) 2.00 X 0 0 0 KRISTINA VETTER BOARD MEMBER 2.00 X 0 0 0 LYNN SZEKELY BOARD MEMBER 2.00 X 0 0 0 MARK VERSHEL BOARD MEMBER 2.00 X 0 0 0 MRIGENDRA STEINER BOARD MEMBER 2.00 X 0 0 0 NANCY GINSBURG STERN 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 SARAH DONALDSON BOARD MEMBER 2.00 X 0 0 0 939383 0 29464 6 0 1 0 HERSHEY FELDER LLC PO BOX 20116 BALTIMORE MD 212840116 ACTOR 171000 ARMANINO LLP PO BOX 888285 LOS ANGELES CA 900888285 PROFESSIONAL SERVICES 155494 2 211288 20000 2244248 246988 2475536 TICKETS AND SUB SALES 711110 3048230 3048230 3048230 146548 146548 357 357 68676 0 68676 68676 68676 94499 211288 78993 15506 15506 1599 0 1599 1599 MISC INCOME 711110 64235 64235 64235 5820687 3048230 0 296921 X 427180 214234 181383 31563 3231990 2272076 693793 266121 520636 41651 416509 62476 356881 28550 285505 42826 432337 432337 1208098 625087 562287 20724 88664 88664 18638 18638 123610 123610 237844 237844 1072244 629025 202905 240314 332598 217697 114901 15547 15547 66716 5337 53373 8006 37306 37306 SUPPLIES AND MATERIALS 1230749 473285 730452 27012 BAD DEBT 60000 60000 9461038 4744786 4017210 699042 115 998044 2548574 1192067 633928 189441 50154 0 930414 0 218318 79681 3600191 3474020 188494 126171 2290244 2646070 1450515 0 63063 2325002 8373819 7556476 603912 1041392 913715 1197332 0 600000 29935 1474143 1547562 4312867 X -156283 -1996953 6982540 5240562 6826257 3243609 8373819 7556476 -3640351 57703 0 X 0 1 X 1 0 X 4729077 6244895 4157918 6204637 2475536 23812063 4572714 3286931 159898 1568621 3048230 12636394 9301791 9531826 4317816 7773258 5523766 36448457 875634 1287603 396278 577861 422150 3559526 0 875634 1287603 396278 577861 422150 3559526 32888931 283877 301448 114160 86306 215581 1001372 283877 301448 114160 86306 215581 1001372 22971 18902 26200 41563 64235 173871 9608639 9852176 4458176 7901127 5803582 37623700 0.87420 0.88890 0.02660 0.02390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3581369 327268 1100000 2808637 4880345 -541088 757888 3581369 4378568 500 1068612 567335 4880345 4405321 1000 198737 226490 4378568 3378665 1025838 215647 214829 4405321 0.00000 1.00000 0.00000 0 0 3010369 2931207 79162 589822 542813 47009 126171 DEPOSITS 65063 RIGHTS OF USE ASSETS 1455126 BENEFICIAL USE OF PROPERTY 804813 2325002 LEASE LIABILITY PAYABLE 1474143 1474143 X 7389630 57703 1511240 1568943 5820687 0 5820687 10972278 1511240 1511240 9461038 0 9461038 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. MUSE BALL MAY 2023 305787 211288 94499 4613 30044 1647 42689 305787 211288 94499 4613 30044 1647 42689 78993 15506 X X 0 0 0 0 0 0 0 0 0 TIM BOND ARTISTIC DIRECTOR 240818 0 0 0 0 0 0 0 10645 0 251463 0 0 0 PHILIP SANTORA EXECUTIVE DIRECTOR (THRU 09/22) 184442 0 0 0 17827 0 0 0 1374 0 203643 0 0 0 X 9 246988 FMV 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. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS BASED ON INDUSTRY AS WELL AS GEOGRAPHICALLY COMPARABLE MARKET RATES. COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. 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 VII, SECTION A: THE REPORTABLE COMPENSATION FOR TIM BOND INCLUDES BOTH WAGES IN HIS CAPACITY AS ARTISTIC DIRECTOR AS WELL AS $18,109 OF PAYMENTS IN HIS CAPACITY AS A CONSULTANT TO THE ORGANIZATION. FORM 990, PART VII, SECTION A: THE REPORTABLE COMPENSATION FOR DEBBIE CHINN INCLUDES BOTH WAGES IN HER CAPACITY AS EXECUTIVE DIRECTOR AS WELL AS $16,200 OF PAYMENTS IN HER CAPACITY AS A CONSULTANT TO THE ORGANIZATION. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 625,087. MANAGEMENT AND GENERAL EXPENSES 562,287. FUNDRAISING EXPENSES 20,724. TOTAL EXPENSES 1,208,098. FORM 990, PAGE 1, ITEM B THE ORGANIZATION IS SUBMITTING AN AMENDED FORM 990 FOR THE PERIOD ENDED JUNE 30, 2023. THE FOLLOWING ITEMS HAVE CHANGED SINCE THE ORGANIZATION'S TIMELY-FILED ORIGINAL RETURN: PAGE 1, BOX C, BOX E, BOX F AND PART VI, LINE 20 CHANGED AS A RESULT OF CHANGES WITHIN THE ORGANIZATION SINCE THE ORIGINAL FILING. ADDITIONALLY, THE FOLLOWING ITEMS HAVE CHANGED AS A RESULT OF THE ISSUANCE OF AUDITED FINANCIAL STATEMENTS: 1. PAGE 1, BOX G 2. PART I, LINES 8, 9, 11, 12, 15, 16B, 17, 18, 19, 20, 21, 22 HAVE CHANGED TO REFLECT CHANGES FROM OTHER SECTIONS OF THE FORM 990. 3. PART III, LINES 4A, 4B, 4C AMOUNTS FOR PROGRAM EXPENSES AND PROGRAM REVENUES WERE UPDATED. 4. PART IV, LINES 11F, 12A CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 5. PART VIII, LINES 1F, 1H, 2A, 8A, 8C CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 6. PART IX, LINES 5, 7, 8, 9, 11C, 11G, 12, 13, 14, 15, 16, 17, 20, 22, 23, 24A, 24B CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 7. PART X, LINES 1, 2, 3, 9, 10C, 11, 12, 15, 17, 19, 25, 26, 27, 28, 32, 33 CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 8. PART XI, LINES 1, 2, 3, 5, 9, 10 CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 9. PART XII, LINES 2B, 2C CHANGED TO REFLECT THAT AUDITED FINANCIAL STATEMENTS WERE ISSUED FOR THE YEAR. 10. SCHEDULE A, LINES 1, 2, 10A, 10C, 13, 15, 17 CHANGED TO REFLECT THE UPDATES FROM OTHER SECTIONS OF THE FORM 990. 11. SCHEDULE D, PART V, LINES 1C -1G HAVE CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 12. SCHEDULE D, PART VI, LINES 1D, 1E CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 13. SCHEDULE D, PART IX, LINES 2, 3 CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 14. SCHEDULE D, PART X, LINE 2 CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 15. SCHEDULE D, PART XI, LINES 1, 2A, 2B, 2E, 3, 5 CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS. 16. SCHEDULE D, PART XII, LINES 1, 2A, 2E, 3, 5 CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS 17. SCHEDULE D, PART XIII ADDED FOOTNOTE FOR PART X, LINE 2 FROM THE AUDIT REPORT. 18. SCHEDULE G, PART II, LINE 1 CHANGED TO REFLECT THE AUDITED FINANCIAL STATEMENTS.