Auditorium Theatre of Roosevelt University Inc
Nonprofit profile at a glance
- EIN
- 363145476
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 3123412310
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Theater
Reported finances
- Revenue
- $24,013,891
- Expenses
- $23,347,070
- Assets
- $18,360,670
- Liabilities
- $10,056,554
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
38 people listed
Executive titles in this filing
- RICHARD REGAN (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ALI R MALEKZADEH (DIRECTOR): $735,358 total reported compensation
- RICHARD REGAN (CHIEF EXECUTIVE OFFICER): $461,525 total reported compensation
- ARLENE REGNERUS (DIRECTOR): $297,314 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The auditorium theatre of roosevelt university ("the auditorium"), an Illinois not-for-profit corporation, is committed to presenting the finest in international, cultural, community and educational programming to chicago and to the continued restoration and preservation of the national historic landmark auditorium theatre.
What it reported doing in 2024
The Auditorium is a multi-disciplinary presenting organization, celebrating today's finest artistic talent and cutting-edge thought-leaders in dance, music, comedy, musical theater, and spoken word. The 2024/25 season highlights included Sigur Ros, Hillary Clinton, Sting, Ina Garten, Mean Girls the Musical, and Jason Isbell. The renowned Presented Dance Season included Step Afrika!, Complexions Contemporary Ballet, Ballet Folklorico de Mexico, Alvin Ailey American Dance Theater, Parsons Dance, and Hiplet Ballerinas. In partnership with the Chicago Philharmonic Orchestra, we continued the Philm Series with 6 live to picture concert presentations. Additional programming included The Auditorium's self-produced musical experience, "Too Hot to Handel: The Jazz Gospel Messiah, Dance for Life 2025, featuring local dance artists to benefit the Chicago Dance Health Fund. Beyond 89 public performances and 4 student matinees presented this year, The Auditorium sustained its core creative engagement initiatives, including ArtsXChange, an immersive year long professional development program for educators; ADMIT ONE, which supports access for community groups facing barriers to attending live performances; Hearts to Art, a summer camp for youth who have experienced the loss of a parent; and the Dance Master Class series, offering local dancers access to internationally renowned artists. In total, 186,284 audience members attended public performances, with more than 1,000 touring and local artists participating. An additional 690 community members and tourists took part in National Historic Landmark tours of The Auditorium, and 7,652 individuals were served through education and outreach programs, many were youth from underserved neighborhoods across Chicago. Capital and preservation improvements to the National Historic Landmark Theatre advanced significantly. The Auditorium completed installation of a capacity curtain allowing flexible seating configurations and greater programming range, and replaced all 208 box level seats, substantially improving patron comfort. The organization also initiated the first phase of the Atrium and Skylight Restoration Project. Preservation consultants completed a detailed paint analysis that informed historically accurate wall coverings that will be installed as part of this transformative effort.
Operating model
- Revenue model
- Other-operating. 82% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 74
- Accountability: 83
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.3%; rating input score 93
- Program expense ratio: 91.5%; rating input score 91
- Fundraising efficiency: $6.96 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.8%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 0.79; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 9.6% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 93.3% of revenue deployed · 91.5% of spending went to programs
- Governance: 24 of 28 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $21.4M in reported program spending
- Leadership: top reported pay $735K · 38 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.1M reported
- Consistency: 39 of 39 current checks pass
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 28/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.