2022-11-14T17:25:37-06:00 2022-06-30 420714325 RSM US LLP 30 S Wacker Drive Suite 3300 Chicago IL 60606 990 2021-07-01 363930153 Music and Dance Theater Chicago Inc MUSI 3123347777 205 East Randolph Drive Chicago IL 60601 Lori Dimun President and CEO 3123347777 2022-11-14 1 Lori Dimun 999009999 Monica Funk P02247060 3126343400 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Harris Theater for Music and Dance Lori Dimun 205 East Randolph Drive Chicago IL 60601 9222120 0 X www. HarrisTheaterChicago.org X 1993 IL See Schedule O 32 31 104 224 0 0 2760989 5630443 53903 1142675 401329 1027539 431416 450979 3647637 8251636 0 0 0 0 1881278 2877489 0 0 437567 3987913 6074131 5869191 8951620 -2221554 -699984 64627652 59585451 22448454 21285166 42179198 38300285 X See Schedule O 0 0 3376587 0 626872 Presenting Diverse VoicesAs one of the nation's leading presenters of music and dance, companies from Chicago are showcased alongside artists and ensembles from throughout the U.S. and around the globe. 32 countries and 6 continents have been represented on the Theater's stage, expanding cross-cultural understanding, celebrating the authenticity of story and voice, and respect for diversity.In August 2021, the Theater reopened to the public after an 18-month closure with Interplay, a multi-generational mini-festival curated in partnership with trumpeter and band leader Sam Thousand. Over the course of the 2021-22 season, a diverse range of artists were presented in both live and virtual settings. Highlights included Mexican tenor Javier Camarena; Haitian-American composer, singer, and flutist Nathalie Joachim with Chicago's own Spektral Quartet; a week-long residency with UK-based Akram Khan Company; English National Ballet in the North American premiere of Creature; rising jazz star Samara Joy; superstar mezzo-soprano Joyce DiDonato; a new work from Adrian Dunn exploring Black life in America through his signature fusion of gospel and classical forms; and continued partnerships with Lyric Opera and the Chamber Music Society of Lincoln Center. 3318710 0 526455 Championing Chicago ArtistsThe Harris is home to 25+ emerging and established Resident Companies that reflect an array of artistic and cultural genres. These organizations build upon marketing and production support, professional development, capacity building opportunities, and reduced rental costs provided by the Harris to collaborate and present self-produced performances on the Harris stage.In the 2021-22 season, 17 Resident Companies self-presented on the Harris stage, including newcomers Ballet 5:8 and South Chicago Dance Theatre. From anniversary celebrations for Muntu Dance Chicago to sold-out live recordings of WBEZ's Wait Wait Don't Tell Me, and an adventurous production of Carmen from Chicago Opera Theater, the 2021-22 season reflected the resilience of Chicago's creative sector, and the strength of the Resident Company community. 1102644 0 32993 Generating Lasting Community Impact The arts are one of the greatest tools for creating shared experience and a passion for lifelong education. The Harris leverages its reputation as a world-class venue and its access to the world's leading artists to facilitate masterclasses for aspiring artists, host enrichment activities for all ages, provide hands-on experience through robust student and early professional internships, and engage in career pathway conversations with local teen service organizations.22 local organizations across the health and human services, social services, and education sectors partner with the Harris to participate in educational activities and distribute free performance tickets through the Theater's Access Tickets program, ensuring that Chicago residents of all ages, communities, and abilities may experience deep engagement with the arts. In 2021-22, the Theater partnered with 16 organizations to provide more than 500 free performance tickets and offered master classes and workshops for nearly 200 students and young professional artists. 7797941 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 62 0 1 104 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Laura Hanssel 3123347777 205 East Randolph Drive Chicago IL 60601 Ms Lori Dimun President & CEO 40.00 X X 258876 0 21055 Ms Merrillyn J Kosier Executive Vice Chair & Treasurer 5.00 X X 0 0 0 Ms Claire O'Grady Secretary 5.00 X X 0 0 0 Mr David Snyder Chairman 10.00 X X 0 0 0 Mr Peter M Ellis Vice Chair 5.00 X X 0 0 0 Ms Sara Albrecht Trustee 1.00 X 0 0 0 Ms Kathryn Kovitz Arnold Trustee 1.00 X 0 0 0 Ms Pamela Baker Trustee (ex-officio) 1.00 X 0 0 0 Mr Bernard Bartilad Trustee 1.00 X 0 0 0 Mr John L Brennan Trustee 1.00 X 0 0 0 Ms Louise B Frank Trustee 1.00 X 0 0 0 Mr Robert J Gauch Jr Trustee 1.00 X 0 0 0 Ms Sandra P Guthman Trustee 1.00 X 0 0 0 Ms Caryn Harris Trustee 1.00 X 0 0 0 Ms Joan W Harris Trustee 1.00 X 0 0 0 Ms Christine N Evans Kelly Trustee 1.00 X 0 0 0 Ms Deborah A Korompilas Trustee 1.00 X 0 0 0 Mr Michael McStraw Trustee (ex-officio) 1.00 X 0 0 0 Ms Sarah Solotaroff Mirkin Trustee 1.00 X 0 0 0 Ms Alexandra C Nichols Trustee 1.00 X 0 0 0 Mr Kenneth R Norgan Trustee 1.00 X 0 0 0 Mr Gregory J O'Leary Trustee 1.00 X 0 0 0 Ms Abby McCormick O'Neil Trustee 1.00 X 0 0 0 Mr Dan Plehal Trustee (ex-officio) 1.00 X 0 0 0 Mr Scott Rafferty Trustee 1.00 X 0 0 0 Ms Nancy Santi Trustee 1.00 X 0 0 0 Ms Shannon L Schuyler Trustee 1.00 X 0 0 0 Mr Jai Shekhawat Trustee 1.00 X 0 0 0 Mr John Q Smith Trustee 1.00 X 0 0 0 Ms Sunitha Thomas Trustee 1.00 X 0 0 0 Ms Marilyn Fatt Vitale Trustee 1.00 X 0 0 0 Ms Maria Zec Trustee 1.00 X 0 0 0 Ms Laura Hanssel CFO/Assistant Treasurer 40.00 X 187402 0 33941 Ms Elizabeth Halajian VP of Development/Assistant Secretary 40.00 X 119748 0 9130 Mr Edward Mlakar Chief Engineer 40.00 X 107066 0 3257 Ms Meghan McNamara VP of Programming & Audience 40.00 X 104028 0 10288 777120 0 77671 5 0 1 0 Interactive Strategies 1133 Connecticut Avenue NW Ste 600 Washington DC 20036 Digital Communication Services 144010 Computers Nationwide 55 E Hintz Road Wheeling IL 60090 Information Technology Services 136977 2 2493246 3137197 38255 5630443 Theater Box Office 711190 659865 659865 Usage Fees 711190 482810 482810 1142675 716131 716131 407334 0 407334 407334 407334 1250000 938592 311408 311408 311408 75537 31892 43645 43645 8251636 1186320 0 1434873 X 630152 463343 92033 74776 1852379 1362030 270538 219811 95576 70276 13959 11341 127628 93843 18640 15145 171754 160651 2952 8151 5491 5491 75779 75779 47438 47438 1722653 1611369 111284 519618 486026 8934 24658 258047 241364 4437 12246 269918 247493 5963 16462 217399 201738 4165 11496 1639 1533 28 78 479652 448644 31008 1642003 1639867 1315 821 237733 211582 11887 14264 Repairs & Maintenance 343232 321043 5901 16288 Due and Subscriptions 19984 18692 344 948 Bad Debt Expense 4950 4630 85 235 Sales Tax 263 246 5 12 228332 213571 3926 10835 8951620 7797941 716112 437567 2578094 1115597 2032131 2032317 974906 749464 21316 11651 51750 41318 61724042 27473218 35051766 34250824 19594677 18571768 3650067 2231734 672945 580778 64627652 59585451 362930 321870 485457 482677 20000000 20000000 712677 0 887390 480619 22448454 21285166 X 31224580 30447351 10954618 7852934 42179198 38300285 64627652 59585451 X -699984 -3468596 289667 X 0 1 X 1 1 1 X 3689053 2313660 4994120 2760989 5630443 19388265 3689053 2313660 4994120 2760989 5630443 19388265 5610757 13777508 1012459 1370841 1248812 919422 1123465 5674999 1590 1590 25064854 8602906 0.54970 0.47740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13000 183484 X 0 5500000 -587928 -587928 5500000 5500000 956841 956841 5500000 5500000 25752 25752 5500000 5500000 242057 242057 5500000 5500000 186322 186322 5500000 0.00000 1.00000 0.00000 1 0 58416574 25071105 33345469 2488352 2402113 86239 819116 819116 34250824 Fair Value of Swap Agreement 14206 Lease Liability 466413 480619 X 4891530 -3468596 124036 -3344560 8236090 47438 -31892 15546 8251636 9060110 124036 31892 155928 8904182 47438 47438 8951620 Part V, Line 4: The intended use of the organization's endowment funds is for general operating costs. Part X, Line 2: The Theater is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is exempt from income taxes on related income pursuant to Section 501(a) of the Code. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Theater may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Theater, the continued tax-exempt status of the bond issued by the Theater, and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes and accounting in interim periods. At June 30, 2022 and 2021, management has determined that there are no uncertain tax positions. The Theater files annual information returns in the U.S. federal jurisdiction and the state of Illinois. Part XI, Line 4b - Other Adjustments: Cost of Goods Sold -31,892. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 31,892. X X X X 0 0 0 0 0 0 0 1 0 Ms Lori Dimun President & CEO 225876 0 33000 0 0 0 0 0 21055 0 279931 0 0 0 Ms Laura Hanssel CFO/Assistant Treasurer 177402 0 10000 0 0 0 0 0 33941 0 221343 0 0 0 Part I, Line 7 The bonus paid to the President was determined using a Board Compensation Committee and review of other Forms 990. Bonuses for staff were based on performance review results and were in tandem with historical and market based activity. A Illinois Finance Authority 861091967 45200BLT3 2005-05-11 20000000 Refinance of construction loan payable 0 0 0 A 20000000 371884 19628116 2005 0 0 1 1 A 0 0 0 0 1 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 2 13000 Donor appraisal X Production Equipment 2 24809 FMV X Supplies 1 446 FMV 0 0 1 0 Part I, Column (b): Reporting the number of contributions Form 990, Part I, Item C DBA: Harris Theater for Music and Dance Form 990, Part I, Line 1 and 3: Description of Organization's Mission: The mission of the Joan W. and Irving B. Harris Theater is to be Chicago's primary residence for music and dance, connecting diverse audiences with outstanding artists from across the city, the nation, and the world. Founded by a dedicated group of civic leaders and community foundations, the Joan W. and Irving B. Harris Theater for Music and Dance opened in November 2003 and was the first multi-use performance venue built in Chicago since 1929. Today, the Harris provides the most robust and diverse arts and cultural offerings of any venue in the Midwest. The Theater's mission is delivered through three intersecting strategies: curating a presenting series designed to offer an engaging array of genres and styles, collaborating with local companies who consider the Harris their Chicago performance home, and providing educational and accessible opportunities for everyone. Form 990, Part VI, Section A, line 2 Joan W. Harris and Louise Frank have a family relationship. Form 990, Part VI, Section A, line 4 During fiscal year 2022 one amendment was made. During the September 30, 2021 meeting: Section 3.2 of the bylaws currently provides that the number of elected trustees shall be not less than 30 nor more than 35. [Illinois law requires that the bylaws set a range in which the maximum is not more than five greater than the minimum.] However, in light of recent resignations, currently there are only 26 elected trustees, and the Nominating and Governance Committee recommends that the board reduce the permitted size by amending the bylaws with the adoption of the following resolution: RESOLVED, that the bylaws of the corporation, as previously amended, be further amended by amending the first sentence of Section 3.2 to read: The number of elected trustees of the Corporation shall be not less than 26 nor more than 31. Form 990, Part VI, Section B, line 11b On September 15, 2022, the Board of Trustees of the Harris Theater approved a resolution that, with the Fiscal year ended June 30, 2022, gave the Audit Committee of the Board the authority to review the federal Form 990 and Illinois Form AG990-IL on the Board's behalf. The Audit committee of the Board of Trustees met with representatives of RSM US LLP, who prepared the Form 990 to conduct that review. The extent of that review included covering key issues. The complete Form 990 was then made available to all Board members who had ample time to review, ask question and/or suggest revisions before the Form 990 was filed with the IRS. Form 990, Part VI, Section B, line 12c Music and Dance Theater Chicago, Inc.'s ("MADTC") conflict of interest policy addresses transactions and arrangements involving MADTC's trustees, officers and any other managers or supervisors identified by the Board of Trustees or the President as exercising substantial influence over the operations of MADTC ("Covered Persons"). Each Covered Person upon becoming such shall prepare, sign and submit a Conflict of Interest Questionnaire. In addition, each Covered Person shall promptly and fully disclose all material facts of every actual or potential conflict of interest: (I) That arises while he/she is a Covered Person, at the time such actual or potential conflict arises; and; (II)Annually by preparing, signing and submitting a Conflict of Interest Questionnaire. All disclosures involving a transaction or arrangement being considered at a meeting of the Board of Trustees or of a board committee shall be made to all members present at such meeting. All other disclosures shall be made to the President (who shall disclose his or her conflicts to the Board of Trustees). A Covered Person who is in doubt as to the existence of a conflict of interest is encouraged to disclose all facts pertaining to the transaction or arrangement before undertaking the transaction or arrangement or making any decision in the matter. Each Covered Person shall sign a statement acknowledging that he or she has received a copy of this Policy, has read and understands it, and agrees to comply with it. If the Board of Trustees has reasonable cause to believe that a Covered Person has failed to comply with this Policy, the Board may counsel the Covered Person regarding such failure and, if the issue is not resolved to the Board's satisfaction, may consider additional corrective action as appropriate. Conflict of interest information is collected annually and throughout the year when new trustees come on. Form 990, Part VI, Section B, line 15 With respect to compensation of the CEO/Executive Director on an ongoing basis, post-hiring, the Board of Trustees has delegated overall responsibility for establishing such compensation to the Executive Committee. To carry out this assignment, the Executive Committee utilizes an ad hoc compensation sub-committee ("the compensation sub-committee"), consisting of former and current Board Chairs, along with board members bearing special expertise in the area of compensation, to review and determine the compensation of the CEO/Executive Director. To determine the compensation of the CEO/Executive Director, the compensation sub-committee has successfully employed a number of tools and resources, including without limitation, a review of compensation for similar positions at similar organizations, drawing upon data from Form 990's for such organizations; the compensation committee, as a matter of policy, retains the option of utilizing independent compensation consultants and compensation surveys or studies, when it determines that it is appropriate to supplement data from other resources. Each year, the compensation sub-committee reviews the compensation of the CEO/Executive Director in conjunction with the review of the performance of the CEO/Executive Director, including accomplishments, achievement of goals, and opportunities for improvement. After the completion of such review, the compensation sub-committee reports its findings and recommendations to the Executive Committee, which then determines the compensation of the CEO/Executive Director for the ensuing year. At the beginning of each fiscal year, the Board Chair reports to the Board of Trustees the actions taken by the Executive Committee. Form 990, Part VI, Section C, line 19 The Theater makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d). The Theater applies for numerous grants from foundations as well as governmental bodies and provides such documents in that application process. Web sites such as GuideStar also have relevant documents of the Theater. Form 990, Part IX, line 11g Artist Fee: Program service expenses 1,301,414. Management and general expenses 89,877. Fundraising expenses 0. Total expenses 1,391,291. Consulting: Program service expenses 283,904. Management and general expenses 19,608. Fundraising expenses 0. Total expenses 303,512. Other Professional Fees: Program service expenses 26,051. Management and general expenses 1,799. Fundraising expenses 0. Total expenses 27,850. Form 990, Part XI, line 9: Change in Unrealized Gain on Swap Agreement 289,667.