TY 2019 Form 990 Schedule O

efile Public Visual Render ObjectId: 202101669349301500 - Submission: 2021-06-15 TIN: 52-1405988

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

THE SHAKESPEARE THEATRE

Employer identification number

52-1405988

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	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.
FORM 990, PART VI, SECTION B, LINE 12C	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.
FORM 990, PART VI, SECTION B, LINE 15	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.
FORM 990, PART VI, SECTION C, LINE 19	THE SHAKESPEARE THEATRE MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:	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.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

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.

FORM 990, PART VI, SECTION B, LINE 12C

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.

FORM 990, PART VI, SECTION B, LINE 15

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.

FORM 990, PART VI, SECTION C, LINE 19

THE SHAKESPEARE THEATRE MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

FORM 990, PART XII, LINE 2C:

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.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

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