STEPPENWOLF THEATRE COMPANY

EIN: 510149370 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$27,973,239
Total Expenses
$21,343,251
Total Assets
$119,052,173
Net Assets
$76,526,222
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
IL
Phone
3126545642
Tax Period
2024-09-01 to 2025-08-31

STEPPENWOLF THEATRE COMPANY, founded in 1975, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $28.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.6M, a strong 24% operating margin.

Mission

STEPPENWOLF THEATRE STRIVES TO CREATE THRILLING, COURAGEOUS AND PROVOCATIVE ART IN A THOUGHTFUL AND INCLUSIVE ENVIRONMENT. WE SUCCEED WHEN WE DISRUPT YOUR ROUTINE WITH EXPERIENCES THAT SPARK CURIOSITY, EMPATHY AND JOY.

Program Service Accomplishments

Program 1
Expenses: $14,743,397 Revenue: $6,224,480

IN SUPPORT OF OUR CORE ARTISTIC TENETS, WE SEEK TO 1) SERVE AS AN ARTISTIC HOME FOR OUR ENSEMBLE AND A LAUNCHING PAD FOR BOLD, NEW WORK; 2) AMPLIFY THE VOICES OF CHICAGO TEENS AND CULTIVATE FUTURE...

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IN SUPPORT OF OUR CORE ARTISTIC TENETS, WE SEEK TO 1) SERVE AS AN ARTISTIC HOME FOR OUR ENSEMBLE AND A LAUNCHING PAD FOR BOLD, NEW WORK; 2) AMPLIFY THE VOICES OF CHICAGO TEENS AND CULTIVATE FUTURE GENERATIONS OF ARTISTS AND ENTHUSIASTS; AND 3) PROVIDE A COLLABORATIVE SPACE FOR INDEPENDENT ARTISTS AND COMPANIES TO PROMOTE A STRONGER, SUSTAINABLE, AND VIBRANT ARTS COMMUNITY. STEPPENWOLF PRODUCES HUNDREDS OF PERFORMANCES AND EVENTS IN ITS THREE SPACES: THE 500-SEAT DOWNSTAIRS THEATER; THE 400-SEAT ENSEMBLE THEATER; AND THE 80-SEAT 1700 THEATER. ARTISTIC PROGRAMMING INCLUDES A MAIN SEASON OF PRODUCED NEW WORK AND REIMAGINED PLAYS; PRESENTATIONS OF CABARET, COMEDY AND MULTI-DISCIPLINARY ARTISTS; LIVE PERFORMANCES AND EDUCATION PROGRAMMING FOR TEEN AUDIENCES; AND LOOKOUT, A MULTI-GENRE PERFORMANCE SERIES. (CONTINUED ON SCHEDULE O) IN FISCAL YEAR 2025, STEPPENWOLF'S POST-PANDEMIC RECOVERY STRATEGIC PLAN CONTINUED FOR ITS SECOND YEAR. THIS FOLLOWED AN INITIAL REDUCTION IN FORCE AND TUNING OF PROGRAMMATIC SCOPE FOR THE INSTITUTION IN THE PREVIOUS SEASON THAT REDUCED OVERALL EXPENSES YEAR OVER YEAR. THIS EFFORT ALSO PUT AN EMPHASIS ON EVOLVED PROGRAMING, INCREASED AUDIENCE ENGAGEMENT AND NEW STRATEGIES FOR EARNED REVENUE. OVER THE COURSE OF THE SEASON, FIVE PLAYS WERE PRODUCED ALONGSIDE LIMITED ENGAGEMENTS THAT RESULTED IN 400 PERFORMANCES. TOTAL ATTENDANCE NUMBERS REACHED 100,000 ACROSS THE COURSE OF THE SEASON. MARKETING STRATEGIES SHIFTED FROM PACKAGED SALES (SUBSCRIPTIONS) TO SINGLE TICKET ACQUISITION. PROGRAMMING IN THE EDUCATION AND ENGAGEMENT AREA REACHED NEARLY 15,000 TEENS, EDUCATORS AND COMMUNITY MEMBERS ACROSS CHICAGO'S 77 NEIGHBORHOODS. FOUR OF THE THEATER'S PROFESSIONAL PRODUCTIONS ANCHORED THIS WORK THROUGH LIVE PERFORMANCES OFFERED AS FIELD TRIPS AS WELL AS WRAPAROUND CURRICULUM DEVELOPED FOR SCHOOLS. THE YOUNG ADULT COUNCIL, COMPRISED OF 30 PASSIONATE HIGH SCHOOL AGED TEENS WITH AN INTEREST IN THEATER, REPRESENTED SCHOOLS AND NEIGHBORHOODS ACROSS CHICAGO AS THEY ADVISED ON TEEN PROGRAM AND CURRICULUM DEVELOPMENT FOR THE SEASON. THE SUITE OF EDUCATION PROGRAMS, IN SCHOOLS AND ACROSS OUR ARTISTIC CAMPUS, WERE ROOTED IN AN ETHOS OF ACCESSIBILITY AND BARRIER-FREE PROGRAMMING. BEYOND PARTNERSHIP WITH TEENS AND SCHOOLS, STEPPENWOLF INVESTED IN MEANINGFUL RELATIONSHIPS WITH COMMUNITY ORGANIZATIONS AND ENSURED THAT THE PRINCIPLES THAT GUIDE OUR WORK BOTH ALIGN WITH AND PROVIDE ADDED VALUE TO OUR PARTNERS. WE COLLABORATED WITH MYRIAD PARTNERS ACROSS THE LITERACY SPACE, COMMUNITY DEVELOPMENT, SOCIAL SERVICES, LIBRARIES AND PARK DISTRICTS OF CHICAGO. STEPPENWOLF'S MULTI-GENRE PERFORMANCE SERIES, LOOKOUT, PRESENTED THE WORK OF A WIDE VARIETY OF CHICAGO-BASED INDEPENDENT ARTISTS AND COMPANIES ON A YEAR-ROUND BASIS. LOOKOUT PRODUCED APPROXIMATELY 110 PERFORMANCES OF 30 WORKS, FEATURING 300 ARTISTS AND ENGAGING 7,500 AUDIENCE MEMBERS. THE RESULTING REVENUE PROVIDED MORE THAN $100,000 TO LOCAL ARTISTS. TO SUPPORT THE STRATEGIC PLAN, STEPPENWOLF CONTINUED A FUNDRAISING CAMPAIGN (LAUNCHED AT THE CONCLUSION OF THE 2024 FISCAL YEAR). THE $35 MILLION GOAL IS TWO-FOLD: TO GENERATE FUNDS TO SAFEGUARD THE THEATER'S MISSION-DRIVEN WORK ON STAGE AND IN COMMUNITY, AND TO PAY DOWN THE EXISTING DEBT ASSOCIATED WITH THE CAMPUS EXPANSION PROJECT THAT ADDED A NEW PERFORMANCE VENUE (THE COMPANY NOW OPERATES A THREE THEATER CAMPUS) AND WORKSHOP SPACES TO SUPPORT EDUCATION AND ENGAGEMENT PROGRAMMING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,648,074
Program Service Revenue $5,855,156
Investment Income $2,055,366
Other Revenue $414,643
TOTAL REVENUE $27,973,239

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,343,416
Fundraising Expenses $2,379,731
Program Expenses $14,743,397
Other Expenses $9,967,528
TOTAL EXPENSES $21,343,251

Year-over-Year Comparison

2024 2023 Change
Revenue $27,973,239 $25,552,636 +0.1%
Expenses $21,343,251 $20,617,692 +0.0%
Net Income $6,629,988 $4,934,944 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
52
Independent Members
50
Employees
351
Volunteers
2227

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$903,378
Total Directors
54
$28,276
Key Employees
1
$193,873
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLE L BROWN TREASURER 5.0
Officer Director
$0 $0 $0
CHRISTOPHER M MURPHY SECRETARY 5.0
Officer Director
$0 $0 $0
KEATING CROWN PRESIDENT 5.0
Officer Director
$0 $0 $0
STEPHANIE B SMITH VICE CHAIR 5.0
Officer Director
$0 $0 $0
AIMEE GRAHAM TRUSTEE 5.0
Director
$0 $0 $0
AMY BLUHM TRUSTEE 5.0
Director
$0 $0 $0
AMY ESHLEMAN TRUSTEE 5.0
Director
$0 $0 $0
ANNE M PHILLIPS TRUSTEE 5.0
Director
$0 $0 $0
ASHEESH GOEL TRUSTEE 5.0
Director
$0 $0 $0
BETH BOOSALIS DAVIS TRUSTEE 5.0
Director
$0 $0 $0
BRENDA ROBINSON TRUSTEE 5.0
Director
$0 $0 $0
BRUCE SAGAN TRUSTEE 5.0
Director
$0 $0 $0
BRYAN TRAUBERT TRUSTEE 5.0
Director
$0 $0 $0
BRYCE COOPER TRUSTEE 5.0
Director
$0 $0 $0
CARI B SACKS TRUSTEE 5.0
Director
$0 $0 $0
CHANEL W CONEY TRUSTEE 5.0
Director
$0 $0 $0
CHRIS KEOGH TRUSTEE 5.0
Director
$0 $0 $0
COLETTE CACHEY SMITHBURG TRUSTEE 5.0
Director
$0 $0 $0
D CAMERON FINDLAY TRUSTEE 5.0
Director
$0 $0 $0
DAVID BLOWERS TRUSTEE 5.0
Director
$0 $0 $0
DAVID E MENDELSOHN TRUSTEE 5.0
Director
$0 $0 $0
DEBORAH QUAZZO TRUSTEE 5.0
Director
$0 $0 $0
DENNIS CHOOKASZIAN TRUSTEE 5.0
Director
$0 $0 $0
DENNIS D HOWARTER TRUSTEE 5.0
Director
$0 $0 $0
DOUGLAS R BROWN TRUSTEE 5.0
Director
$0 $0 $0
ELLIOT A STULTZ TRUSTEE 5.0
Director
$0 $0 $0
HELEN ZELL TRUSTEE 5.0
Director
$0 $0 $0
HUBERT ALLEN TRUSTEE 5.0
Director
$0 $0 $0
JEFF JOZWIAK TRUSTEE 5.0
Director
$0 $0 $0
JON MICHAEL HILL TRUSTEE 5.0
Director
$18,276 $0 $18,276
KAREN RODRIGUEZ TRUSTEE 5.0
Director
$0 $0 $0
L HEATHER MITCHELL TRUSTEE 5.0
Director
$0 $0 $0
LIZ KRAMER LEFKOFSKY TRUSTEE 5.0
Director
$0 $0 $0
LYNN LOCKWOOD MURPHY TRUSTEE 5.0
Director
$0 $0 $0
MARILYNN RUBIO TRUSTEE 5.0
Director
$0 $0 $0
MATTHEW SHAPIRO TRUSTEE 5.0
Director
$0 $0 $0
MICHAEL BRENNAN TRUSTEE 5.0
Director
$0 $0 $0
MICHAEL W BENDER TRUSTEE 5.0
Director
$0 $0 $0
MICHELLE ADAMS TRUSTEE 5.0
Director
$0 $0 $0
NORA DALEY TRUSTEE 5.0
Director
$0 $0 $0
PAUL GOODRICH TRUSTEE 5.0
Director
$0 $0 $0
RACQUEL HARRIS TRUSTEE 5.0
Director
$0 $0 $0
REBECCA L JOHNSTON TRUSTEE 5.0
Director
$0 $0 $0
RICH FEITLER TRUSTEE 5.0
Director
$0 $0 $0
RITU DHINGRA TRUSTEE 5.0
Director
$0 $0 $0
ROBERT S RIVKIN TRUSTEE 5.0
Director
$0 $0 $0
RONALD J MALLICOAT TRUSTEE 5.0
Director
$0 $0 $0
SANDRA MARQUEZ TRUSTEE 5.0
Director
$0 $0 $0
SARAH NORRIS TRUSTEE 5.0
Director
$0 $0 $0
SUSAN O BERGHOEF TRUSTEE 5.0
Director
$0 $0 $0
SUSAN STONE TRUSTEE 5.0
Director
$0 $0 $0
TARELL ALVIN MCCRANEY TRUSTEE 5.0
Director
$10,000 $0 $10,000
VERETT MIMS TRUSTEE 5.0
Director
$0 $0 $0
YASEN PEYANKOV TRUSTEE 5.0
Director
$0 $0 $0
AUDREY FRANCIS CO-ARTISTIC DIRECTOR 40.0
Officer
$253,875 $22,833 $276,708
ELIZABETH BROOKE FLANAGAN EXECUTIVE DIRECTOR 40.0
Officer
$326,288 $33,605 $359,893
GLENN DAVIS CO-ARTISTIC DIRECTOR 40.0
Officer
$251,972 $14,805 $266,777
ERIC EVENSKAAS DIRECTOR OF DEVELOPMENT 40.0
Key Emp
$166,791 $27,082 $193,873
JENNIFER HOYT DIRECTOR OF SPECIAL PROJECTS 40.0
Highest
$118,484 $4,019 $122,503
MARIA NONDORF DIRECTOR OF FINANCE 40.0
Highest
$121,696 $16,896 $138,592
PENNYMARIA JACKSON DIRECTOR OF MARKETING & COMMUNICATION 40.0
Highest
$120,714 $2,637 $123,351
THOMAS PEARL PRODUCING DIRECTOR 40.0
Highest
$140,536 $17,595 $158,131
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $27,973,239 $21,343,251 $119,052,173 $6,629,988
2024 $25,552,636 $20,617,692 $111,439,122 $4,934,944
2023 $12,210,403 $22,258,190 $112,942,728 $-10,047,787
2022 $28,518,890 $18,320,611 $121,993,585 $10,198,279
2021 $10,370,800 $10,994,375 $121,972,303 $-623,575
2020 $14,170,622 $17,560,870 $120,941,523 $-3,390,248
2019 $29,811,780 $19,090,322 $120,790,894 $10,721,458
2018 $34,420,238 $17,965,745 $74,108,532 $16,454,493
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