Berkeley Repertory Theatre

“The managing director, in consultation with the board or finance committee, as the managing director deems appropriate, is responsible for the timely preparation of the return. The managing director shall provide the finance committee with a substantially complete form 990 sufficiently in advance of the filing deadline to enable a detailed and conscientious review by the members of the finance committee. Subsequently, the board will be invited to review the form 990 in its entirety in advance of the filing deadline.”

“The organization's conflict of interest policy covers all trustees, the managing director and artistic director. No trustee may use his or her position at the organization for personal gain or to benefit another at the expense of the organization, its mission, or its reputation. Each trustee must sign an annual conflict of interest disclosure statement affirming they have read the conflict of interest policy, are not aware of any direct or indirect financial or other material interest that is required to be disclosed, and will promptly report any future situation that might consitute a conflict of interest. If a conflict of interest fails to be disclosed the board will investigate the situation and take appropriate disciplinary and corrective action as necessary.”

“Compensation for the artistic director and the managing director is negotiated by the board president and a committee of the board of trustees and approved by the board through its approval of written employment agreements and the annual budget process. The board (or a board committee) reviews data gathered from theatre communications group and other public data, taking into account individual performance and the cost of living in the berkeley, california area. The board regularly evaluates the performance of the artistic director and managing director. Other salaries are suggested by management and approved through the budget process.”

“Berkeley repertory theatre's financial statements are annually provided to dun and bradstreet. Financial statements for most recently completed fiscal year are available on our website and upon request.”

“Berkeley repertory theatre seeks to set a national standard for ambitious programming, engagement with its audiences and leadership within the community in which it resides. We endeavor to create a diverse body of work that expresses a rigorous, embracing aesthetic and reflects the highest artistic standards, and seek to maintain an environment in which talented artists can do their best work. We strive to engage our audiences in an ongoing dialogue of ideas, and encourage lifelong learning as a core community value. Through productions, outreach and education, berkeley rep aspires to use theatre as a means to challenge, thrill and galvanize what is best in the human spirit.”

“Loss from interest rate swap -50,132.”

“The process had not changed from the prior year.”