The Shakespeare Theatre

“A draft of form 990 is reviewed by the audit committee of the board. The approved form 990 is then circulated to the entire board.”

“The conflict of interest policy is applicable to board members. The board chairman reviews any conflicts of interest that are identified and determines whether actual conflicts of interest exist. To ensure the theatre operates in accordance with the highest fiduciary standards applicable to non-profit corporations, the board, the compensation committee or another committee appointed by the chair of the board of trustees conduct periodic reviews that include, at a minimum, findings on the following subjects: -whether the theatre's compensation arrangements and benefits are the result of arm's-length bargaining and, based on competent survey information, are reasonable. -whether theatre's arrangements with third parties are properly recorded, reflect reasonable investment criteria or payments for goods and services, further the theatre's purposes and do not result in private incurement, impermissible private benefit or an excess benefit transaction under the code.”

“The executive and key employee compensation is recommended by the executive compensation committee of the board of trustees based upon comparative data collected from a salary survey conducted by the theatre communications group (tcg), a national service organization for the non-profit theater community. The recommendation is then reviewed and approved by the executive committee and full board.”

“The shakespeare theatre makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.”

“Shakespeare productions and innovative contemporary work, addressing the most urgent questions with scale and audacity. Shakespeare inspires us to see ourselves better. A statue comes to life; a youngest daughter brings down a king; a prince finds wisdom in the skull of a fool. Shakespeare evokes our common humanity with images engraved on our hearts. Across two stagesharman hall and the klein theatreand in hundreds of classrooms across the nation, stc is a learning space where different generations gather, unified by a shared curiosity about our time together on earth and the power of great stories to make a difference. Stc's mission is grounded in four pillars of meaning: theatre, shakespeare, audacity & vitality, and community & empathy. We tell stories that are shakespearean in the deepest sense, even if (and especially when) they are not written by our house dramatist. We create impactful work on and off the stage, aimed at showcasing the common threads that bind us all. Stc presents 6-7 major productions annually. The education department provides classes, camps, and in-school arts education programs in addition to community engagement programs suitable for all ages and reaching approximately 150,000 audience members and participants each year.”

“The audit committee is responsible for the oversight of the audit and the selection of an independent accountant. Both processes have not changed from prior year.”