Steppenwolf Theater Co
- Assets
- $122.0m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 323
- Location
- Chicago, IL
- Founding
- 08/1976
- Data as of
- 08/2021
- EIN
- 51-0149370
Organization Overview
Steppenwolf Theater Co is located in Chicago, IL. The organization was established in 1976. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Steppenwolf Theater Co employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steppenwolf Theater Co is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Steppenwolf Theater Co generated $10.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $11.0m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THEATRICAL LEARNING OPPORTUNITIES FOR AUDIENCES THAT SPUR CIVIC CONVERSATION.
Describe the Organization's Program Activity:
THE ONGOING COVID-19 PANDEMIC CONTINUED TO PRESENT AN EVER-CHANGING LANDSCAPE AND UNIQUE SET OF CHALLENGES FOR STEPPENWOLF IN FISCAL 2020/21. TO ENSURE THAT THE THEATRE REMAINS CONNECTED WITH OUR AUDIENCES NO MATTER THE CIRCUMSTANCES, STEPPENWOLF INITIATED SEVERAL PRECAUTIONS AND PROGRAMS TO ALLOW FOR MAXIMUM FLEXIBILITY FOR AND ENGAGEMENT WITH OUR AUDIENCES. IN THE 2020/21 FISCAL YEAR, OUR VIRTUAL PROGRAMMING STREAM, STEPPENWOLF NOW, REACHED NEARLY 8,000 PATRONS REPRESENTING 600 CITIES, ALL 50 STATES, AND 20 COUNTRIES. LAUNCHED IN APRIL 2020, HALF HOUR, STEPPENWOLF'S INTERVIEW-STYLE PODCAST HOSTED BY ENSEMBLE MEMBERS, REACHED 23,906 DOWNLOADS FROM AROUND THE WORLD. WHILE OUR STEPPENWOLF EDUCATION PROGRAMMING TRADITIONALLY REACHES 20,000 TEENS, EDUCATORS, EARLY-CAREER PROFESSIONALS, AND COMMUNITY MEMBERS ANNUALLY, THE 2020/21 SEASON SAW AN EXPLOSION OF VIRTUAL ENGAGEMENT, REACHING OVER 45,000 THROUGH OUR STEPPENWOLF FOR YOUNG ADULTS (SYA) SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna D Shapiro Artistic Director | OfficerTrustee | 40 | $315,683 |
David Schmitz Executive Director (thru 7/20) | 40 | $192,830 | |
Leslie Mastroianni Director Of Development | Officer | 40 | $167,419 |
Brooke Flanagan Executive Director (starting 07/20) | OfficerTrustee | 40 | $123,577 |
Mercedes Rohlfs Campaign Director | 40 | $117,372 | |
Karen Rodriguez Trustee | Trustee | 5 | $20,739 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Norcon General Contractor | 8/30/21 | $23,670,261 |
Madison Realty Leasing Company | 8/30/21 | $319,305 |
Cbre Group Inc Owner's Representative - Construction | 8/30/21 | $222,000 |
Charcoal Blue Llc Architects | 8/30/21 | $100,528 |
Adrian Smith Gordon Gill Architecture | 8/30/21 | $594,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $280,916 |
| Related organizations | $0 |
| Government grants | $964,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,796,170 |
| Noncash contributions included in lines 1a–1f | $347,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,041,423 |
| Total Program Service Revenue | $161,122 |
| Investment income | $485,451 |
| Tax Exempt Bond Proceeds | $268 |
| Royalties | $0 |
| Net Rental Income | $55,219 |
| Net Gain/Loss on Asset Sales | $655,470 |
| Net Income from Fundraising Events | -$18,403 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$9,750 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,370,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $916,881 |
| Compensation of current officers, directors, key employees. | $316,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,850,659 |
| Pension plan accruals and contributions | $110,344 |
| Other employee benefits | $478,546 |
| Payroll taxes | $333,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,105 |
| Fees for services: Accounting | $72,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $63,000 |
| Fees for services: Investment Management | $68,881 |
| Fees for services: Other | $321,830 |
| Advertising and promotion | $296,010 |
| Office expenses | $38,132 |
| Information technology | $315,993 |
| Royalties | $53,750 |
| Occupancy | $1,015,053 |
| Travel | $96,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,765 |
| Interest | $1,319,037 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $992,146 |
| Insurance | $156,151 |
| All other expenses | $130,194 |
| Total functional expenses | $10,994,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,504,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,943,365 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,002,450 |
| Net Land, buildings, and equipment | $63,422,109 |
| Investments—publicly traded securities | $27,100,167 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,972,303 |
| Accounts payable and accrued expenses | $3,432,060 |
| Grants payable | $0 |
| Deferred revenue | $3,327,345 |
| Tax-exempt bond liabilities | $48,983,594 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,448,000 |
| Other liabilities | $7,627,075 |
| Total liabilities | $66,818,074 |
| Net assets without donor restrictions | $30,011,470 |
| Net assets with donor restrictions | $25,142,759 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $121,972,303 |
Grants Recieved
Over the last fiscal year, we have identified 37 grants that Steppenwolf Theater Co has recieved totaling $1,351,933.
| Awarding Organization | Amount |
|---|---|
Bluhm Family Charitable Foundation Chicago, IL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $275,000 |
Sacks Family Foundation Highland Park, IL PURPOSE: TO SUPPORT STEPPENWOLF EDUCATION, STEPPENWOLF THEATRE COMPANYS NATIONALLY RENOWNED ARTS EDUCATION PROGRAM THAT DELIVERS HIGH QUALITY ARTS EXPERIENCES AND ENRICHMENT PROGRAMS TO OVER 17,000 STUDENTS, TEACHERS AND FAMILIES EVERY YEAR WITH A PARTICULAR EMPHASIS ON CHICAGO PUBLIC SCHOOLS. | $210,000 |
Smart Family Foundation Of Illinois Chicago, IL PURPOSE: CULTURAL, HISTORICAL & OTHER EDUCATIONAL | $200,000 |
Orlebeke Foundation Chicago, IL PURPOSE: UNRESTRICTED USE | $150,000 |
Laurents Hatcher Foundation Inc Riverhead, NY PURPOSE: NON-PROFIT THEATER - EMERGENCY COVID SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $77,811 |
Endowment Analysis
| Beg. Balance | $16,034,426 |
| Earnings | $2,759,791 |
| Other Expense | $613,290 |
| Ending Balance | $18,180,927 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |