2024-07-15T13:55:58-05:00 2023-08-31 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2022-09-01 231951753 PHILADELPHIA THEATRE COMPANY PHIL 2159851400 215 S BROAD ST STE 304 PHILADELPHIA PA 19107 MARGO MOSKOWITZ MANAGING DIRECTOR 2159851400 2024-07-15 1 MARGO MOSKOWITZ 999009999 0 HELEN M MARTIN P01330899 2158818800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARGO MOSKOWITZ 215 S BROAD ST STE 304 PHILADELPHIA PA 19107 3274026 0 X WWW.PHILADELPHIATHEATRECOMPANY.ORG X 1974 PA A VITAL CIVIC INSTITUTION DEDICATED TO THE CREATION OF EXTRAORDINARY THEATRICAL EXPERIENCES. 22 19 165 126 0 0 4119939 1976710 590968 1015862 -2409 -1169 9639 -39501 4718137 2951902 0 0 0 0 1772618 2182468 0 0 328696 1759055 1860509 3531673 4042977 1186464 -1091075 7528350 6500166 3735017 3797921 3793333 2702245 X PHILADELPHIA THEATRE COMPANY IS A VITAL CIVIC INSTITUTION DEDICATED TO THE CREATION OF EXTRAORDINARY THEATRICAL EXPERIENCES THAT REFLECT THE ESSENTIAL ISSUES AND IDEAS OF OUR TIME, AND WHICH FOSTER CONNECTION, UNDERSTANDING, AND TRANSFORMATION. WE ENGAGE AND STRENGTHEN OUR COMMUNITY THROUGH EXCEPTIONAL PRODUCTIONS OF NEW AND CONTEMPORARY PLAYS AND MUSICALS, INSPIRING EDUCATION PROGRAMS, AND MUTUALLY BENEFICIAL CIVIC PARTNERSHIPS. WE DEVELOP EXCITING NEW WORK THAT RESONATES BOTH LOCALLY AND NATIONALLY, AND UPHOLD A DEEP COMMITMENT TO BE A FULLY INCLUSIVE, WELCOMING HOME FOR THE ARTISTS, AUDIENCES, AND PEOPLE OF PHILADELPHIA. 0 0 2772064 1018887 PTC KICKED OFF ITS 2022-23 SEASON WITH THE WORLD PREMIERE OF THE TATTOOED LADY, A NEW MUSICAL BY MAX VERNON AND ERIN COURTNEY, DIRECTED BY ELLIE HEYMAN. THIS LIVELY SHOW CELEBRATES FEMALE EMPOWERMENT AND MARKS PTC'S FIRST COMMISSION SINCE OPENING THE SUZANNE ROBERTS THEATRE IN 2007. THE SEASON CONTINUED WITH THE PREMIERE OF ANA NOGUEIRA'S EMPHATHITRAX, DIRECTED BY NELL BANG-JENSEN AND BROUGHT TO LIFE BY A CAST AND CREATIVE TEAM REPRESENTING THE BEST OF PHILADELPHIA TALENT. EMPHATHITRAX OFFERS A STARK WARNING ABOUT THE DANGERS OF A FICTIONAL PHARMACEUTICAL BREAKTHROUGH, WHICH RESONATED STRONGLY IN THE WAKE OF THE COVID-19 PANDEMIC. THE SEASON CONCLUDED WITH LANIE ROBERTSON'S MODERN CLASSIC LADY DAY AT EMERSON'S BAR & GRILL, DIRECTED BY PTC RESIDENT ARTIST AND BROADWAY VETERAN JEFFREY L. PAGE. AUDIENCES WERE CAPTIVATED BY THIS IMMERSIVE RECREATION OF ONE OF BILLIE HOLIDAY'S FINAL PERFORMANCES, FEATURING PHILADELPHIA VOCALIST LAURIN TALESE IN HER THEATRICAL DEBUT. THIS SEASON ALSO SAW THE ADDITION OF STUDENT MATINEE AND AFFINITY NIGHTS. 2772064 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 58 0 1 165 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MARGO MOSKOWITZ 2159851400 215 S BROAD ST STE 304 PHILADELPHIA PA 19107 EMILY ZECK MANAGING DIRECTOR (THRU 9/17/23) 40.00 X X 123329 0 4866 GARY A DEUTSCH CHAIR 1.00 X X 0 0 0 VIBHAT NAIR VICE-CHAIR 1.00 X X 0 0 0 DR DONNA-MARIE PETERS SECRETARY 1.00 X X 0 0 0 JOHN M HANAMIRIAN TREASURER 1.00 X X 0 0 0 KRISTIN BAIR DIRECTOR 1.00 X 0 0 0 KIA BUCKNER DIRECTOR 1.00 X 0 0 0 DAVID L COLMAN DIRECTOR 1.00 X 0 0 0 TYLER DOBROWSKY DIRECTOR(CO-ARTISTIC DIR-EFF 9/5/22) 40.00 X X 27917 0 1216 STEVEN ENGELMYER DIRECTOR (EFF 2/1/23) 1.00 X 0 0 0 STEPHANIE B FINEMAN DIRECTOR 1.00 X 0 0 0 ELLIOT GRIFFIN DIRECTOR 1.00 X 0 0 0 GLENN GUNDERSON DIRECTOR 1.00 X 0 0 0 REGINA HAIRSTON DIRECTOR 1.00 X 0 0 0 SALLY KATZ DIRECTOR 1.00 X 0 0 0 TAIBI MAGAR DIRECTOR(CO-ARTISTIC DIR-EFF 9/5/22) 40.00 X X 27917 0 1195 DARYL MOREY DIRECTOR 1.00 X 0 0 0 E GERALD RIESENBACH DIRECTOR 1.00 X 0 0 0 RYAN SCHRADER DIRECTOR 1.00 X 0 0 0 ELLIOT SCHWARTZ DIRECTOR 1.00 X 0 0 0 DANI TAPPER DIRECTOR (EFF 2/1/23) 1.00 X 0 0 0 DAVID TREATMAN DIRECTOR (EFF 2/1/23) 1.00 X 0 0 0 DAPHNE KLAUSNER DIRECTOR (THRU 2/7/23) 1.00 X 0 0 0 JOHN KUESTER III DIRECTOR (THRU 8/31/23) 1.00 X 0 0 0 STEPHEN J MCCONNELL DIRECTOR (THRU 3/15/23) 1.00 X 0 0 0 JUDY SPIRES DIRECTOR (THRU 6/25/23) 1.00 X 0 0 0 179163 0 7277 1 0 0 0 PRECISION MECHANICAL SERVICES LLC 9213 JAMES STREET PHILADELPHIA PA 19114 HVAC INSTALLATIONS AND REPAIR 132459 SCENERY FIRST INC 500 PINE ST STE 1 HOLMES PA 19043 SCENIC BUILD FOR PRODUCTIONS 105325 2 226365 230930 1519415 250062 1976710 THEATER RENTAL 711300 438315 438315 TICKET SALES 711110 237245 237245 PERFORMANCE DISRUPTION 711110 200000 200000 SUBSCRIPTIONS 711110 90305 90305 CONCESSIONS 711110 49997 49997 1015862 201 201 21 21 248692 250062 -1370 -1370 -1370 29515 226365 72062 -42547 -42547 MISCELLANEOUS 711110 3025 3025 3025 2951902 1018887 0 -43695 324026 171647 94311 58068 1662981 1369356 91649 201976 15634 15634 88367 79202 4844 4321 91460 59964 10142 21354 60129 60129 107040 107040 46074 46074 197274 170268 300 26706 29428 6094 18049 5285 42238 42238 209565 179703 29862 12207 4845 4331 3031 25522 25522 101655 101655 269981 269981 92329 77556 14773 PRODUCTION EXPENSES 360011 358031 1902 78 ARTISTIC COSTS 112514 112514 THEATRE CLEANING 65638 65638 COVID-19 SAFETY 34786 33654 1132 94118 42436 43805 7877 4042977 2772064 942217 328696 1490763 1052833 1533 1405 1896136 1496542 43514 103549 146101 99037 5802175 2090258 3915407 3711917 2171 2158 32725 32725 7528350 6500166 376222 354092 153124 217851 213000 213000 2771106 2762788 221565 65000 0 185190 3735017 3797921 X 1686243 1043954 2107090 1658291 3793333 2702245 7528350 6500166 -1091075 -13 0 X 0 1 X 1 0 X 2857012 1437548 2533007 4119939 1976710 12924216 2857012 1437548 2533007 4119939 1976710 12924216 4273614 8650602 4202 972 278 496 201 6149 1148 20710 12020 9613 207221 250712 13181077 3289881 0.65630 0.66950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3278777 632989 2645788 2523398 1457269 1066129 3711917 OPERATING LEASE LIABILITY 185190 185190 X 2980755 -13 24670 4196 28853 2951902 0 2951902 4071843 24670 4196 28866 4042977 0 4042977 PART X, LINE 2: PTC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF PTC HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY PTC AND HAS CONCLUDED THAT AS OF AUGUST 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PTC RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST OR PENALTIES RECORDED FOR EITHER OF THE YEARS ENDED AUGUST 31, 2023 OR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: REIMBURSEMENT/REFUND OFFSET AGAINST EXPENSE ON 990 4,196. PART XII, LINE 2D - OTHER ADJUSTMENTS: REIMBURSEMENT/REFUND OFFSET AGAINST EXPENSE ON 990 4,196. GALA 255880 226365 29515 4200 36585 9280 21997 255880 226365 29515 4200 36585 9280 21997 72062 -42547 GERALD RIESENBACH BOARD MEMBER UNSECURED LINE OF CREDIT X 100000 80000 0 1 1 HARRIET WEISS FORMER BOARD MEMBER ST OPERATING LOAN X 18000 18000 0 1 1 MICHAEL KAISER FORMER BOARD MEMBER ST OPERATING LOAN X 100000 50000 0 1 1 PRISCILLA LUCE FORMER BOARD MEMBER ST OPERATING LOAN X 65000 65000 0 1 1 213000 X 6 250062 HI/LOW DATE OF GIFT 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS ABOVE REPRESENTS THE NUMBER OF UNIQUE STOCK GIFTS BY A DONOR. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS TAIBI MAGAR AND TYLER DOBROWSKY ARE A MARRIED COUPLE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE OUTSIDE ACCOUNTANT AND REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE. AFTER MANAGEMENT AND THE FINANCE COMMITTEE HAVE REVIEWED THE RETURN AND ANY NECESSARY CHANGES ARE MADE, A FINAL COPY IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IF AN INTERESTED PERSON HAS A FINANCIAL INTEREST IN ANY TRANSACTION INVOLVING PTC, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY CONFLICT OF INTEREST. THE INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS RELATING TO HIS OR HER FINANCIAL INTEREST AND THE CONFLICT OF INTEREST. THE INTERESTED PERSON MUST DISCLOSE ANY CONFLICT OF INTEREST AT THE EARLIEST OPPORTUNITY TO THE COMMITTEE CHAIR. AFTER DISCLOSURE OF A CONFLICT OF INTEREST, AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON AS THE COMMITTEE MAY DEEM APPROPRIATE, THE COMMITTEE WILL TIMELY DETERMINE, WITHOUT THE PARTICIPATION OR VOTE OF THE INTERESTED PERSON, WHETHER A CONFLICT OF INTEREST EXISTS. THE CHAIR OF THE COMMITTEE SHALL TIMELY REPORT THE DETERMINATION TO THE INTERESTED PERSON AND PTC'S BOARD CHAIR. IF THE COMMITTEE DETERMINES A CONFLICT OF INTERESTS EXISTS, PTC'S BOARD CHAIR SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE WHETHER THE TRANSACTION IS REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY A COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 A HARD COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.