2024-07-11T09:19:50-05:00 2022-08-31 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2021-09-01 231951753 PHILADELPHIA THEATRE COMPANY PHIL 2159851400 215 S BROAD ST STE 304 PHILADELPHIA PA 19107 MARGO MOSKOWITZ MANAGING DIRECTOR 2159851400 2024-06-27 1 MARGO MOSKOWITZ 999009999 HELEN M MARTIN P01330899 2158818800 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X MARGO MOSKOWITZ 215 S BROAD ST STE 304 PHILADELPHIA PA 19107 4932838 0 X PHILADELPHIATHEATRECOMPANY.ORG X 1974 PA TO PRODUCE, DEVELOP AND PRESENT CONTEMPORARY THEATRE FOCUSED ON THE AMERICAN EXPERIENCE. 21 20 84 126 0 0 2533007 4119939 110872 590968 3482 -2409 12114 9639 2659475 4718137 0 0 0 0 608584 1772618 0 0 215494 977184 1759055 1585768 3531673 1073707 1186464 6809664 7528350 4202993 3735017 2606671 3793333 X PHILADELPHIA THEATRE COMPANY IS DEDICATED TO PRESENTING THE PHILADELPHIA AND WORLD PREMIERES OF WORKS BY CONTEMPORARY PLAYWRIGHTS WITH AN EMPHASIS ON AMERICAN DRAMA. WE SEEK TO DEVELOP AN AUDIENCE OF OPEN-MINDED THEATREGOERS ACROSS CULTURAL, (CONTINUED IN SCHEDULE O)ETHNIC, AND SOCIAL LINES BY PRODUCING DRAMA THAT IS AT ONCE CHALLENGING, ENTERTAINING AND IMAGINATIVELY STAGED. 0 0 2380995 600581 PHILADELPHIA THEATRE COMPANY (PTC) RE-OPENED FOR LIVE PERFORMANCE IN THE 2021-22 SEASON, STARTING WITH THE WORLD PREMIERE OF THE GARBOLOGISTS BY LINDSAY JOELLE. THIS UNIQUE AND CHARMING COMEDY ABOUT TWO NYC SANITATION WORKERS HONORED THE ESSENTIAL WORKERS WHO HAD KEPT OUR CITIES FUNCTIONING DURING THE DARKEST DAYS OF THE COVID-19 PANDEMIC, AND PTC'S COMMUNITY ENGAGEMENT EFFORTS INCLUDED HOSTING SANITATION WORKERS AND THEIR FAMILIES AT THE THEATRE FOR A FREE PERFORMANCE. THE SECOND PRODUCTION WAS TARELL ALVIN MCCRANEY'S CHOIR BOY, WHICH TELLS THE STORY OF PHARUS YOUNG, A YOUNG, GAY BLACK TEENAGER AT AN ALL-BOYS BOARDING SCHOOL. THIS TOUCHING STORY WAS DIRECTED BY AWARD-WINNING DIRECTOR AND CHOREOGRAPHER JEFFREY L. PAGE, WHO CURRENTLY SERVES AS PTC'S RESIDENT ARTIST. THE SEASON CLOSED WITH THE WORLD PREMIERE OF MADELINE SAYET'S WHERE WE BELONG. PRESENTED IN PARTNERSHIP WITH WOOLLY MAMMOTH THEATRE COMPANY, WHERE WE BELONG INVITED AUDIENCES TO FOLLOW SAYET, A MOHEGAN THEATRE-MAKER, ON HER JOURNEY TO ENGLAND TO PURSUE A PHD IN SHAKESPEARE. PTC ALSO RE-OPENED ITS DOORS IN FALL OF 2021 TO ITS COMMUNITY PARTNERS, HOSTING MORE THAN 21 DIFFERENT CULTURAL ORGANIZATIONS FOR OVER 100 OF THEIR PUBLIC PERFORMANCES AT THE SUZANNE ROBERTS THEATRE. 2380995 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 35 0 1 84 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 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 PAIGE PRICE PRODUCING ARTISTIC DIR(THRU 4/30/22) 40.00 X X 140465 0 0 EMILY ZECK MANAGING DIRECTOR (THRU 9/17/23) 40.00 X X 102954 0 4585 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 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 DAPHNE KLAUSNER DIRECTOR (THRU 2/7/23) 1.00 X 0 0 0 JOHN KUESTER III DIRECTOR 1.00 X 0 0 0 STEPHEN J MCCONNELL DIRECTOR (THRU 3/15/23) 1.00 X 0 0 0 DARYL MOREY SECRETARY 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 JUDY SPIRES DIRECTOR 1.00 X 0 0 0 DENNIS BIANCHI DIRECTOR (THRU 8/31/22) 1.00 X 0 0 0 HOLLY FLANAGAN DIRECTOR (THRU 8/31/22) 1.00 X 0 0 0 TERESA GAVIGAN DIRECTOR (THRU 8/31/22) 1.00 X 0 0 0 GEOFFREY KAHN DIRECTOR (THRU 6/30/22) 1.00 X 0 0 0 MATTHEW MASSAUA DIRECTOR (THRU 6/30/22) 1.00 X 0 0 0 JULIA ERICKSEN DIRECTOR (THRU 8/1/22) 1.00 X 0 0 0 243419 0 4585 2 0 0 0 0 889421 3230518 211845 4119939 THEATER RENTAL 711300 366184 366184 TICKET SALES 711110 143112 143112 SUBSCRIPTIONS 711110 70869 70869 CONCESSIONS 711110 10803 10803 590968 496 496 26 26 211796 214701 -2905 -2905 -2905 MISCELLANEOUS 711110 9613 9613 9613 4718137 600581 0 -2383 215592 83843 94728 37021 1397074 1169193 88030 139851 7939 7939 66064 60754 5028 282 85949 58846 11709 15394 101406 101406 39173 39173 194535 182320 150 12065 33086 5107 27685 294 45661 45661 268201 241908 26293 5962 1511 2561 1890 25308 25308 121174 121174 271412 271412 84951 71551 12400 1000 PRODUCTION EXPENSES 191590 190208 790 592 PRESENTING EXPENSES 86216 86216 ARTISTIC COSTS 78356 78356 THEATRE CLEANING 57111 57111 154913 60824 86984 7105 3531673 2380995 935184 215494 2017140 1490763 1629 1533 627648 1896136 14887 43514 88298 146101 5763977 1848570 4048080 3915407 2171 2171 9811 32725 6809664 7528350 261070 376222 480411 153124 80000 213000 1934247 2771106 1447265 221565 4202993 3735017 X 2072688 1686243 533983 2107090 2606671 3793333 6809664 7528350 1186464 559 -361 0 X 0 1 X 1 0 X 2946501 2857012 1437548 2533007 4119939 13894007 2946501 2857012 1437548 2533007 4119939 13894007 4454905 9439102 1191 4202 972 278 496 7139 155000 1148 20710 12020 9613 198491 14099637 3073342 0.66950 0.70800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3278777 632989 2645788 2485200 1215581 1269619 3915407 X 4803060 559 84725 85284 4717776 361 361 4718137 3616398 84725 84725 3531673 0 3531673 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, 2022 AND 2021, 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, 2022 OR 2021. 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 5 211845 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, PAGE 1, QUESTION B, AMENDED RETURN THIS RETURN IS BEING AMENDED DUE TO A RESTATEMENT OF THE AUGUST 31, 2022 FINANCIAL STATEMENTS TO RECOGNIZE THE PRESENT VALUE OF A PLEDGE RECEIVED IN AUGUST 2022 TO BE PAID OVER THE SUBSEQUENT THREE YEARS, WHICH UNDER GAAP SHOULD HAVE BEEN RECOGNIZED AS A CONTRIBUTION AT THE TIME IT WAS PLEDGED. CONTRIBUTIONS ON PAGE 9, PART VIII, LINE 1F HAVE BEEN INCREASED BY $1,138,528, REPRESENTING THE PRESENT VALUE OF THE $1.2 MILLION PLEDGE. IN ADDITION, PLEDGES RECEIVABLE IN PART X, LINE 3, NET ASSETS WITH DONOR RESTRICTIONS ON LINE 28 AND CONTRIBUTIONS ON SCHEDULE A, PART II, SECTION A, LINE 1 HAVE ALL BEEN INCREASED BY THE SAME AMOUNT. THE PUBLIC SUPPORT % ON SCHEDULE A WAS ALSO UPDATED. SCHEDULE B WAS UPDATED TO INCREASE THE AMOUNT FROM THAT DONOR TO INCLUDE THE PLEDGE. THE AMOUNT WHICH WAS PREVIOUSLY SHOWN WAS $400,000, A CONTRIBUTION RECEIVED FROM THE SAME ENTITY DURING THE FISCAL YEAR PRIOR TO THE PLEDGE BEING MADE. THE REVENUE SECTION OF THE SCHEDULE D RECONCILIATION WAS ALSO UPDATED FOR THIS CHANGE TO THE FINANCIAL STATEMENTS. 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.