Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $543,082

• 1d · Related organizations

  $222,198

• 1e · Government grants (contributions)

  $897,869

• 1f · All other contributions, gifts and grants

  $3,636,588

• 1g · Noncash contributions included above

  $857

• 2a · Program service revenue: THEATRE PRODUCTIONS

  total $1,279,645 · related or exempt $1,279,645

• 2b · Program service revenue: EDUCATION PROGRAMS

  total $875,231 · related or exempt $875,231

• 3 · Investment income

  total $4,537 · excluded $4,537

• 6a · Gross rents

  personal property $3,197

• 6b · Less rental expenses

  personal property $0

• 6c · Rental income or loss

  personal property $3,197

• 6d · Net rental income or loss

  total $3,197 · related or exempt $3,197

• 7a · Gross sales of assets other than inventory

  other assets $413

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $413

• 7d · Net gain or loss

  total $413 · excluded $413

• 8a · Fundraising events: gross income

  $23,057

• 8a · Fundraising events: contributions included on line 1c

  $543,082

• 8b · Fundraising events: direct expenses

  $137,363

• 8c · Net income from fundraising events

  total -$114,306 · excluded -$114,306

• 10a · Gross sales of inventory

  $56,026

• 10b · Cost of goods sold

  $57,468

• 10c · Net income from sales of inventory

  total -$1,442 · unrelated business -$736 · excluded -$706

• 11a · Other revenue: REIMBURSEMENT

  total $2,560 · excluded $2,560

• 11b · Other revenue: THEATRE SUPPORT

  total $768 · excluded $768

• 11e · Other revenue, total

  $3,328

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $14,318 · program services $14,318

• 5 · Compensation of officers, directors and key employees

  total $258,237 · program services $65,787 · management and general $134,524 · fundraising $57,926

• 7 · Other salaries and wages

  total $3,652,194 · program services $2,854,031 · management and general $489,496 · fundraising $308,667

• 8 · Pension plan contributions

  total $43,200 · program services $43,200

• 9 · Other employee benefits

  total $467,447 · program services $274,586 · management and general $173,253 · fundraising $19,608

• 10 · Payroll taxes

  total $439,856 · program services $304,113 · management and general $101,328 · fundraising $34,415

• 11a · Fees: management

  total $43,751 · program services $39,375 · management and general $3,938 · fundraising $438

• 11c · Fees: accounting

  total $185,588 · management and general $185,588

• 11e · Fees: professional fundraising services

  total $70,790 · fundraising $70,790

• 11f · Fees: investment management

  total $1,000 · management and general $1,000

• 11g · Fees: other

  total $294,081 · program services $134,852 · management and general $158,368 · fundraising $861

• 12 · Advertising and promotion

  total $231,193 · program services $230,639 · management and general $281 · fundraising $273

• 13 · Office expenses

  total $104,734 · program services $74,843 · management and general $21,438 · fundraising $8,453

• 14 · Information technology

  total $186,449 · program services $98,159 · management and general $61,233 · fundraising $27,057

• 15 · Royalties

  total $71,185 · program services $71,185

• 16 · Occupancy

  total $673,534 · program services $591,607 · management and general $71,256 · fundraising $10,671

• 17 · Travel

  total $47,406 · program services $34,327 · management and general $9,924 · fundraising $3,155

• 20 · Interest

  total $150,897 · program services $150,897

• 22 · Depreciation, depletion and amortization

  total $488,419 · program services $458,819 · management and general $24,502 · fundraising $5,098

• 23 · Insurance

  total $96,539 · management and general $96,539

• 24a · Other expenses: THEATER/SHOW MATERIALS

  total $437,918 · program services $418,033 · management and general $15,684 · fundraising $4,201

• 24b · Other expenses: PROGRAM SUPPORT/CONSULT

  total $297,859 · program services $259,528 · management and general $23,581 · fundraising $14,750

• 24c · Other expenses: EVENTS AND HOSPITALITY

  total $110,024 · fundraising $110,024

• 24d · Other expenses: BANK & MERCHANT FEES

  total $72,449 · program services $72,449

• 24e · All other expenses

  total $15,171 · program services $1,441 · management and general $3,287 · fundraising $10,443

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $687,867 · end of year $188,015

• 2 · Savings and temporary cash investments

  beginning of year $507,168 · end of year $23

• 3 · Pledges and grants receivable

  beginning of year $1,161,547 · end of year $850,356

• 4 · Accounts receivable

  beginning of year $19,882 · end of year $6,342

• 8 · Inventories for sale or use

  beginning of year $4,685 · end of year $521

• 9 · Prepaid expenses and deferred charges

  beginning of year $95,511 · end of year $180,767

• 10a · Land, buildings and equipment: cost or other basis

  $20,058,782

• 10b · Land, buildings and equipment: accumulated depreciation

  $14,114,825

• 10c · Land, buildings and equipment, net

  beginning of year $3,831,187 · end of year $5,943,957

• 15 · Other assets

  beginning of year $4,246,675 · end of year $4,077,104

• 17 · Accounts payable and accrued expenses

  beginning of year $1,223,732 · end of year $412,467

• 19 · Deferred revenue

  beginning of year $993,931 · end of year $710,068

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $2,550,000

• 25 · Other liabilities

  beginning of year $4,466,664 · end of year $4,078,949

• 27 · Net assets without donor restrictions

  beginning of year $1,561,775 · end of year $1,666,131

• 28 · Net assets with donor restrictions

  beginning of year $2,308,420 · end of year $1,829,470

The filer's explanations (Part III)

PART I, LINE 7

KEVIN MALGESINI MANAGING DIRECTOR, RECIVED A BONUS BASED ON THE DISCRETION OF THE BOARD.