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Nonprofiteer
← OLNEY THEATRE CORPORATION

Form 990 for tax year 2024

Filed by OLNEY THEATRE CORPORATION.

Totals

Total revenue
$19,261,369
Total expenses
$10,077,621
Contributions and grants received
$12,801,186
Grants paid
$0
Program service revenue
$5,961,880
Investment income
$401,147
Other revenue
$97,156
Total assets, end of year
$39,917,271
Total liabilities, end of year
$3,166,971
Net assets or fund balances, end of year
$36,750,300
Program services expenses (Part IX)
$7,226,810
Management and general expenses
$2,457,146
Fundraising expenses
$393,665
Program service expenses (Part III)
$7,226,810

Program services were 71.7% 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.

  • 1c · Fundraising events

    $58,356

  • 1e · Government grants (contributions)

    $7,144,842

  • 1f · All other contributions, gifts and grants

    $5,597,988

  • 2a · Program service revenue: SINGLE TICKET

    total $3,742,556 · related or exempt $3,742,556

  • 2b · Program service revenue: CO-PRODUCTIONS

    total $721,527 · related or exempt $721,527

  • 2c · Program service revenue: SUBSCRIPTIONS

    total $560,082 · related or exempt $560,082

  • 2d · Program service revenue: GROUP TICKET SALES

    total $269,322 · related or exempt $269,322

  • 2e · Program service revenue: EDUCATIONS

    total $67,138 · related or exempt $67,138

  • 2f · All other program service revenue

    total $601,255 · related or exempt $601,255

  • 3 · Investment income

    total $394,698 · excluded $394,698

  • 6a · Gross rents

    real property $1,390

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,390

  • 6d · Net rental income or loss

    total $1,390 · excluded $1,390

  • 7a · Gross sales of assets other than inventory

    securities $285,416 · other assets $1,147

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

    securities $280,114 · other assets $0

  • 7c · Gain or loss

    securities $5,302 · other assets $1,147

  • 7d · Net gain or loss

    total $6,449 · excluded $6,449

  • 8a · Fundraising events: gross income

    $260,211

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

    $58,356

  • 8b · Fundraising events: direct expenses

    $310,291

  • 8c · Net income from fundraising events

    total -$50,080 · excluded -$50,080

  • 10a · Gross sales of inventory

    $262,434

  • 10b · Cost of goods sold

    $140,491

  • 10c · Net income from sales of inventory

    total $121,943 · related or exempt $121,943

  • 11a · Other revenue: OTHER INCOME

    total $23,903 · related or exempt $23,903

  • 11e · Other revenue, total

    $23,903

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $440,224 · program services $317,401 · management and general $103,065 · fundraising $19,758

  • 7 · Other salaries and wages

    total $4,928,348 · program services $3,538,264 · management and general $1,178,894 · fundraising $211,190

  • 8 · Pension plan contributions

    total $125,035 · program services $94,965 · management and general $21,278 · fundraising $8,792

  • 9 · Other employee benefits

    total $390,440 · program services $296,537 · management and general $66,449 · fundraising $27,454

  • 10 · Payroll taxes

    total $365,340 · program services $241,512 · management and general $105,142 · fundraising $18,686

  • 11b · Fees: legal

    total $4,365 · management and general $4,365

  • 11c · Fees: accounting

    total $26,702 · management and general $26,702

  • 11g · Fees: other

    total $58,490 · management and general $58,490

  • 12 · Advertising and promotion

    total $630,617 · program services $630,617

  • 13 · Office expenses

    total $95,453 · program services $127 · management and general $95,326

  • 15 · Royalties

    total $294,430 · program services $294,430

  • 16 · Occupancy

    total $708,149 · program services $290,141 · management and general $418,008

  • 17 · Travel

    total $40,339 · program services $39,781 · management and general $558

  • 22 · Depreciation, depletion and amortization

    total $16,262 · program services $3,252 · management and general $13,010

  • 23 · Insurance

    total $256,730 · management and general $256,730

  • 24a · Other expenses: PRODUCTION

    total $1,247,211 · program services $1,247,211

  • 24b · Other expenses: TICKETING

    total $232,572 · program services $232,572

  • 24c · Other expenses: PLANNING AND DEVELOPMEN

    total $107,785 · fundraising $107,785

  • 24d · Other expenses: FINANCE CHARGES

    total $45,890 · management and general $45,890

  • 24e · All other expenses

    total $63,239 · management and general $63,239

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,144,582 · end of year $4,246,200

  • 2 · Savings and temporary cash investments

    beginning of year $3,034,933 · end of year $1,983,595

  • 3 · Pledges and grants receivable

    beginning of year $2,403,723 · end of year $2,697,233

  • 4 · Accounts receivable

    beginning of year $360,554 · end of year $422,600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,235,135 · end of year $967,719

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

    $251,717

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

    $197,929

  • 10c · Land, buildings and equipment, net

    beginning of year $50,984 · end of year $53,788

  • 12 · Investments: other securities

    beginning of year $4,366,990 · end of year $4,809,960

  • 15 · Other assets

    beginning of year $15,993,856 · end of year $24,736,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,675,922 · end of year $1,740,007

  • 19 · Deferred revenue

    beginning of year $952,848 · end of year $1,219,226

  • 25 · Other liabilities

    beginning of year $491,791 · end of year $207,738

  • 27 · Net assets without donor restrictions

    beginning of year $20,231,641 · end of year $29,405,438

  • 28 · Net assets with donor restrictions

    beginning of year $7,238,555 · end of year $7,344,862

Mission and programs · 2024

Mission

THE CORPORATION'S OBJECTIVES ARE THE PROMOTION AND PRODUCTION OF THEATRICAL WORKS, THROUGH THE PRESENTATION OF ORIGINAL, CLASSICAL AND EXPERIMENTAL PLAY IN PUBLIC AND PRIVATE THEATRES AND AUDITORIUMS.

Activities or mission (Part I)

THE CORPORATION PRODUCES AND PRESENTS THEATRICAL PRODUCTIONS FOR THE PUBLIC AND LEADS A ROBUST EDUCATION AND COMMUNITY ENGAGEMENT PROGRAM.

  • OLNEY THEATRE OPERATES FOUR STAGES IN MONTGOMERY COUNTY, MD. EACH SEASON IS SELECTED TO APPEAL TO A BROAD AUDIENCE. SEASONS FEATURE 7-9 PRODUCTIONS, INCLUDING WORLD AND AMERICAN PREMIERES AND IMAGINATIVE RETELLINGS OF WELL-KNOWN PLAYS AND MUSICALS. COMPLEMENTING THESE PRODUCTIONS, OLNEY THEATRE PRESENTS THE WORK OF OTHER THEATER COMPANIES LOCATED IN THE MID-ATLANTIC REGION AND ACROSS THE WORLD. THE THEATRE ALSO CURATES UP TO 50 FREE AND LOW-COST ENGAGEMENT EVENTS ANNUALLY THAT ENHANCE COMMUNITY CONNECTIONS AND APPRECIATION FOR THE ARTS.

    Expenses $6,696,710 · Revenue $5,659,713

  • A CORE COMPONENT OF OLNEY THEATRE'S MISSION IS TO EDUCATE AND TRAIN THE NEXT GENERATION OF THEATER-MAKERS AND AUDIENCES. THE APPRENTICE TRAINING PROGRAM PROVIDES MENTORSHIP AND HANDS-ON PROFESSIONAL EXPERIENCE FOR UP TO 16 EARLY-CAREER THEATER-MAKERS ANNUALLY. ADDITIONALLY, FULL-TIME EDUCATION STAFF AND CONTRACTED TEACHING ARTISTS IMPLEMENT A RANGE OF PROGRAMS FOR K-12 STUDENTS THAT DEVELOP CREATIVE, COMMUNICATION, PROBLEM-SOLVING, AND SOCIAL-EMOTIONAL SKILLS. THESE PROGRAMS INCLUDE IN-SCHOOL WORKSHOPS AND RESIDENCIES AND OUT-OF-SCHOOL THEATER CAMPS.

    Expenses $303,402 · Revenue $256,420

  • OLNEY THEATRE CENTER'S SUMMERTIME SERIES, OLNEY OUTDOORS, IS PERFORMED, ON THE OUTDOOR ROOT FAMILY STAGE AT OMI'S PAVILION. INCORPORATING LOCAL AND NATIONAL ACTS, THE PROGRAM INCLUDES BROADWAY AND TELEVISION STARS, LOCALLY KNOWN AND EMERGING STAGE PERFORMERS, NATIONALLY AND INTERNATIONALLY ACCLAIMED TRIBUTE BANDS, CONCERT-VERSIONS OF NEW AND CLASSIC MUSICALS, CABARET SALUTES TO POPULAR MUSIC ARTISTS, SING ALONGS, PRINCESS PARTIES, PETTING ZOOS, AND DRAG SHOWS. OLNEY THEATRE'S ANNUAL FREE, ALL-DAY, OPEN HOUSE, "SUMMERFEST," OCCURS DURING OLNEY OUTDOORS.

    Expenses $226,698 · Revenue $191,593

As filed on the 2024 return.

Listed in Part VII

  • JASON LOEWITH

    ARTISTIC DIRECTOR

    Total calculated
    $212,639
    From this org
    $195,879
    From related orgs
    $0
    Other
    $16,760
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $195,879
    Bonus
    $0
    Other
    $0
    Deferred
    $880
    Nontaxable benefits
    $15,880
    Filer's total
    $212,639
  • DEBBIE ELLINGHAUS

    EXECUTIVE DIRECTOR

    Total calculated
    $208,276
    From this org
    $194,554
    From related orgs
    $0
    Other
    $13,722
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $194,554
    Bonus
    $0
    Other
    $0
    Deferred
    $1,040
    Nontaxable benefits
    $12,682
    Filer's total
    $208,276
  • ANDREA URCIOLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BENJAMIN WOLF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BOLA AUDENA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BONNIE FOGEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BRIAN CHAPPELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • CAROLYN TERRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • CATHERINE LEGGETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • CLIFFORD JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DEANNE AYERS-HOWARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ELLIOTT WILEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • GUS KALARIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • HEATHER DLHOPOLSKY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • IRENE WHITE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JACQUELINE MANGER

    BOARD MEMBER (AT-LARGE)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KIATI PLOOKSAWASDI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • LOWELL YODER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MICHIAL GILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • NETTIE HORNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • SANFORD AMES

    BOARD MEMBER (AT-LARGE)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • SUZANNE GLASSMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • THOMAS E ZUTIC

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • THOMAS J SENKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • TILCIA TOLEDO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • SUSAN FINKELSTEIN

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • LINDA ROSENZWEIG

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • GEORGE BRADFORD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JILLIAN ROSE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • STEVEN J SCHUPAK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BARRY FLEISHMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MERLE HABERMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
27 May 2026
IRS schema version
2024v5.5
Source object
202601489349300415

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