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Nonprofiteer
← LANTERN THEATER COMPANY

Form 990 for tax year 2024

Filed by LANTERN THEATER COMPANY.

Totals

Total revenue
$1,759,824
Total expenses
$1,920,988
Contributions and grants received
$1,203,702
Grants paid
$0
Program service revenue
$535,611
Investment income
$14,469
Other revenue
$6,042
Total assets, end of year
$2,601,189
Total liabilities, end of year
$1,018,419
Net assets or fund balances, end of year
$1,582,770
Program services expenses (Part IX)
$1,485,205
Management and general expenses
$323,285
Fundraising expenses
$112,498
Program service expenses (Part III)
$1,485,205

Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,203,702

  • 1g · Noncash contributions included above

    $35,663

  • 2a · Program service revenue: TICKET SALES

    total $506,291 · related or exempt $506,291

  • 2b · Program service revenue: HANDLING FEES

    total $23,628 · related or exempt $23,628

  • 2c · Program service revenue: CONCESSIONS INCOME

    total $5,692 · related or exempt $5,692

  • 3 · Investment income

    total $14,469 · excluded $14,469

  • 11a · Other revenue: MISC INCOME

    total $6,042 · related or exempt $6,042

  • 11e · Other revenue, total

    $6,042

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $168,413 · program services $86,696 · management and general $41,101 · fundraising $40,616

  • 7 · Other salaries and wages

    total $806,969 · program services $715,227 · management and general $79,139 · fundraising $12,603

  • 8 · Pension plan contributions

    total $21,237 · program services $18,568 · management and general $1,877 · fundraising $792

  • 9 · Other employee benefits

    total $83,956 · program services $75,766 · management and general $7,533 · fundraising $657

  • 10 · Payroll taxes

    total $74,373 · program services $61,038 · management and general $9,380 · fundraising $3,955

  • 11b · Fees: legal

    total $539 · management and general $539

  • 11c · Fees: accounting

    total $30,700 · management and general $30,700

  • 11g · Fees: other

    total $3,834 · management and general $3,834

  • 12 · Advertising and promotion

    total $110,811 · management and general $110,811

  • 13 · Office expenses

    total $7,433 · program services $5,426 · management and general $1,487 · fundraising $520

  • 14 · Information technology

    total $15,547 · program services $11,349 · management and general $3,109 · fundraising $1,089

  • 15 · Royalties

    total $30,648 · program services $30,648

  • 16 · Occupancy

    total $215,783 · program services $185,239 · management and general $26,732 · fundraising $3,812

  • 19 · Conferences, conventions and meetings

    total $1,243 · program services $916 · management and general $230 · fundraising $97

  • 22 · Depreciation, depletion and amortization

    total $27,467 · program services $25,869 · management and general $1,598

  • 23 · Insurance

    total $33,668 · program services $26,485 · management and general $5,215 · fundraising $1,968

  • 24a · Other expenses: EDUCATION AND OUTREACH

    total $101,703 · program services $101,703

  • 24b · Other expenses: PRODUCTION MATERIALS

    total $96,593 · program services $96,593

  • 24c · Other expenses: FUNDRAISING

    total $46,389 · fundraising $46,389

  • 24d · Other expenses: FRONT OF HOUSE

    total $43,682 · program services $43,682

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,802 · end of year $76,242

  • 2 · Savings and temporary cash investments

    beginning of year $417,189 · end of year $525,488

  • 3 · Pledges and grants receivable

    beginning of year $1,265,584 · end of year $1,063,033

  • 4 · Accounts receivable

    beginning of year $28 · end of year $6,349

  • 9 · Prepaid expenses and deferred charges

    beginning of year $124,921 · end of year $113,313

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

    $545,568

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

    $411,930

  • 10c · Land, buildings and equipment, net

    beginning of year $155,305 · end of year $133,638

  • 15 · Other assets

    beginning of year $756,598 · end of year $683,126

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,883 · end of year $76,448

  • 19 · Deferred revenue

    beginning of year $201,550 · end of year $233,266

  • 25 · Other liabilities

    beginning of year $759,060 · end of year $708,705

  • 27 · Net assets without donor restrictions

    beginning of year $291,362 · end of year $160,176

  • 28 · Net assets with donor restrictions

    beginning of year $1,452,572 · end of year $1,422,594

Mission and programs · 2024

Mission

TO PRODUCE PLAYS THAT INVESTIGATE AND ILLUMINATE WHAT IS ESSENTIAL IN THE HUMAN SPIRIT AND THE SPIRIT OF THE TIMES, TO PRESENT RELATED AUDIENCE ENRICHMENT PROGRAMS, AND TO EDUCATE OUR REGION'S YOUTH USING THEATRICAL TECHNIQUES AND GREAT LITERATURE.

Activities or mission (Part I)

TO PRODUCE PLAYS THAT ILLUMINATE WHAT IS ESSENTIAL IN THE HUMAN SPIRIT AND THE SPIRIT OF THE TIMES.

  • DURING THE 2024/25 SEASON, WE PRODUCED ARTISTIC AND EDUCATIONAL PROGRAMMING THAT DREW 20,177 TOTAL PARTICIPANTS. WE PRODUCED 151 PUBLIC PERFORMANCES OF FOUR MAINSTAGE PLAYS, INCLUDING THE PHILADELPHIA PREMIERE OF THE WANDERERS BY ANNA ZIEGLER; THE PHILADELPHIA PREMIERE OF AMERICAN MOOR BY KEITH HAMILTON COBB; MUCH ADO ABOUT NOTHING BY WILLIAM SHAKESPEARE; AND THE 39 STEPS ADAPTED BY PATRICK BARLOW FROM THE NOVEL BY JOHN BUCHAN. THESE PERFORMANCES WERE ATTENDED BY 15,787 PATRONS. WE ALSO PRESENTED 15 AUDIENCE ENRICHMENT EVENTS, WHICH REACHED 637 AUDIENCE MEMBERS.

    Expenses $1,283,502 · Revenue $541,653

  • DURING THE 2024/25 SCHOOL YEAR, OUR EDUCATION PROGRAM INCLUDED IN-SCHOOL RESIDENCIES AND STUDENT MATINEE PERFORMANCES. WE PROVIDED OUR CLASSROOM CONNECTIONS RESIDENCY PROGRAM TO 1,114 MIDDLE AND HIGH SCHOOL STUDENTS. WE HOSTED 1,911 STUDENTS AND TEACHERS AT 14 STUDENT MATINEE PERFORMANCES. OTHER EDUCATION PROGRAMMING INCLUDED CPE TRAINING FOR TEACHERS WITH OUR BARD BASICS WORKSHOPS (18 SERVED).

    Expenses $101,703

  • DURING THE 2024/25 SEASON, WE PRESENTED FREE ARTISTIC PROGRAMS IN OUR COMMUNITY OUTREACH SERIES, SPOTLIGHT NORTHWEST, IN NORTHWEST PHILADELPHIA, SERVING A TOTAL OF 710 PARTICIPANTS. WE HOSTED 12 ARTISTIC PROGRAMS AND 6 STORYCORPS ICE CREAM SOCIALS.

    Expenses $100,000

As filed on the 2024 return.

Listed in Part VII

  • Dana J Ash

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jeffrey Cooper

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Donna Saul Millen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Judith D Freyer

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kaki Short

    SECRETARY (UNTIL 6/30/25)

    Total calculated
    $0
    Hours/week
    2

  • Charles McMahon

    ARTISTIC DIRECTOR

    Total calculated
    $96,544
    From this org
    $84,463
    From related orgs
    $0
    Other
    $12,081
    Hours/week
    40

  • Stacy Maria Dutton

    PRESIDENT & EXECUTIVE DIRE

    Total calculated
    $73,833
    From this org
    $68,817
    From related orgs
    $0
    Other
    $5,016
    Hours/week
    40

  • Eugene Bissell

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Mark Greenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Greenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Johnston Mullen

    DIRECTOR (FROM 2/28/25)

    Total calculated
    $0
    Hours/week
    1

  • Betsy Kalish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory J Kleiber

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Margaret Sadler

    DIRECTOR (FROM 3/19/25)

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Spraggins-Payne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roan Yarn

    DIRECTOR (UNTIL 2/28/25)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 February 2026
IRS schema version
2024v5.5
Source object
202640529349300119

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