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Nonprofiteer
← MCCARTER THEATRE COMPANY

Form 990 for tax year 2023

Filed by MCCARTER THEATRE COMPANY.

Totals

Total revenue
$13,907,448
Total expenses
$14,568,107
Contributions and grants received
$5,504,438
Grants paid
$0
Program service revenue
$6,410,994
Investment income
$1,976,893
Other revenue
$15,123
Total assets, end of year
$36,557,343
Total liabilities, end of year
$4,680,757
Net assets or fund balances, end of year
$31,876,586
Program services expenses (Part IX)
$12,351,051
Management and general expenses
$1,454,576
Fundraising expenses
$762,480
Program service expenses (Part III)
$12,351,051

Program services were 84.8% 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

    $276,698

  • 1e · Government grants (contributions)

    $932,059

  • 1f · All other contributions, gifts and grants

    $4,295,681

  • 1g · Noncash contributions included above

    $50,876

  • 2a · Program service revenue: TICKET SALES & HANDLING CHARGES

    total $5,255,024 · related or exempt $5,255,024

  • 2b · Program service revenue: TUITION INCOME

    total $423,098 · related or exempt $423,098

  • 2c · Program service revenue: COMMUNITY PRODUCTIONS & EVENTS

    total $331,932 · related or exempt $331,932

  • 2d · Program service revenue: CONCESSION AND ARTIST MERCHANDISE

    total $194,357 · related or exempt $194,357

  • 2e · Program service revenue: CO-PRODUCTION INCOME

    total $151,535 · related or exempt $151,535

  • 2f · All other program service revenue

    total $55,048 · related or exempt $35,072 · unrelated business $19,976

  • 3 · Investment income

    total $1,511,561 · excluded $1,511,561

  • 5 · Royalties

    total $15,123 · excluded $15,123

  • 7a · Gross sales of assets other than inventory

    securities $6,520,945

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

    securities $6,055,613

  • 7c · Gain or loss

    securities $465,332

  • 7d · Net gain or loss

    total $465,332 · excluded $465,332

  • 8a · Fundraising events: gross income

    $73,560

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

    $276,698

  • 8b · Fundraising events: direct expenses

    $73,560

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $828,673 · program services $453,665 · management and general $317,096 · fundraising $57,912

  • 7 · Other salaries and wages

    total $5,891,989 · program services $5,153,334 · management and general $385,884 · fundraising $352,771

  • 8 · Pension plan contributions

    total $393,902 · program services $338,770 · management and general $31,012 · fundraising $24,120

  • 9 · Other employee benefits

    total $405,422 · program services $339,701 · management and general $38,070 · fundraising $27,651

  • 10 · Payroll taxes

    total $611,111 · program services $510,788 · management and general $62,742 · fundraising $37,581

  • 11b · Fees: legal

    total $16,204 · management and general $16,204

  • 11c · Fees: accounting

    total $93,140 · management and general $93,140

  • 11f · Fees: investment management

    total $120,966 · management and general $120,966

  • 11g · Fees: other

    total $729,429 · program services $540,835 · management and general $99,260 · fundraising $89,334

  • 12 · Advertising and promotion

    total $524,438 · program services $495,469 · management and general $4,498 · fundraising $24,471

  • 13 · Office expenses

    total $90,401 · program services $46,244 · management and general $16,214 · fundraising $27,943

  • 14 · Information technology

    total $229,012 · program services $166,673 · management and general $27,858 · fundraising $34,481

  • 16 · Occupancy

    total $427,169 · program services $427,169

  • 17 · Travel

    total $135,563 · program services $130,650 · management and general $3,757 · fundraising $1,156

  • 19 · Conferences, conventions and meetings

    total $31,101 · program services $25,444 · management and general $4,330 · fundraising $1,327

  • 20 · Interest

    total $62,541 · program services $61,861 · management and general $680

  • 22 · Depreciation, depletion and amortization

    total $402,558 · program services $322,047 · management and general $40,255 · fundraising $40,256

  • 23 · Insurance

    total $166,273 · program services $24,941 · management and general $108,077 · fundraising $33,255

  • 24a · Other expenses: ARTISTIC FEE

    total $1,767,966 · program services $1,767,966

  • 24b · Other expenses: THEATRE EXPENSE

    total $693,258 · program services $649,046 · management and general $33,990 · fundraising $10,222

  • 24c · Other expenses: PHYSICAL PRODUCTION

    total $685,844 · program services $685,844

  • 24d · Other expenses: HOUSING

    total $210,604 · program services $210,604

  • 24e · All other expenses

    total $50,543 · management and general $50,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $660,992 · end of year $450,666

  • 2 · Savings and temporary cash investments

    beginning of year $432,068 · end of year $1,498,541

  • 3 · Pledges and grants receivable

    beginning of year $1,013,379 · end of year $1,465,354

  • 4 · Accounts receivable

    beginning of year $504,681 · end of year $483,895

  • 9 · Prepaid expenses and deferred charges

    beginning of year $157,587 · end of year $123,396

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

    $23,011,689

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

    $20,334,634

  • 10c · Land, buildings and equipment, net

    beginning of year $3,033,416 · end of year $2,677,055

  • 11 · Investments: publicly traded securities

    beginning of year $1,055,453 · end of year $504,651

  • 12 · Investments: other securities

    beginning of year $29,497,390 · end of year $28,134,847

  • 15 · Other assets

    beginning of year $1,361,010 · end of year $1,218,938

  • 17 · Accounts payable and accrued expenses

    beginning of year $497,595 · end of year $511,999

  • 19 · Deferred revenue

    beginning of year $1,182,959 · end of year $1,766,705

  • 23 · Secured mortgages and notes payable

    beginning of year $1,349,880 · end of year $1,169,516

  • 25 · Other liabilities

    beginning of year $1,360,896 · end of year $1,232,537

  • 27 · Net assets without donor restrictions

    beginning of year $4,078,787 · end of year $3,424,220

  • 28 · Net assets with donor restrictions

    beginning of year $29,245,859 · end of year $28,452,366

Mission and programs · 2023

Mission

MCCARTER IS ONE OF THE COUNTRY'S FLAGSHIP THEATRES AND A CULTURAL ASSET FOR ALL OF CENTRAL NEW JERSEY. A NATIONALLY RENOWNED, INDEPENDENT PERFORMING ARTS CENTER LOCATED ON THE CAMPUS OF PRINCETON UNIVERSITY, THE COMPANY IS A MULTI-DISCIPLINARY CREATIVE HUB OF ARTS AND IDEAS OFFERING THEATER, MUSIC, DANCE, SPOKEN WORD, AND EDUCATIONAL PROGRAMS FOR ALL AGES. KNOWN FOR ITS COMMITMENT TO CREATIVITY AND EXCELLENCE, AS WELL AS ITS THOUGHTFUL AND ENGAGED AUDIENCE, MCCARTER HAS PROVIDED A HOME FOR ARTISTS SINCE ITS INCORPORATION. THORNTON WILDER'S OUR TOWN, KAUFMANN & HART'S YOU CAN'T TAKE IT WITH YOU, AND WILLIAM INGE'S BUS STOP, ALL HAD THEIR PREMIERES ON MCCARTER'S STAGE. THE COMPANY IS THE RECIPIENT OF THE REGIONAL THEATRE TONY AWARD, AND WON AGAIN FOR BEST PLAY FOR CHRISTOPHER DURANG'S VANYA AND SONIA AND MASHA AND SPIKE. MCCARTER IS CO-LED TODAY BY ARTISTIC DIRECTOR SARAH RASMUSSEN AND EXECUTIVE DIRECTOR MARTIN MILLER.

Activities or mission (Part I)

MCCARTER IS ONE OF COUNTRY'S FLAGSHIP PRODUCING THEATRES, A VIBRANT COMMUNITY GATHERING SPACE, AND CENTER FOR THE PERFORMING ARTS.

  • ARTISTIC AND EDUCATION PROGRAMSMCCARTER WELCOMED OVER 85,000 COMMUNITY MEMBERS DURING THE 2023-24 SEASON FOR 250 PERFORMANCES AND EVENTS INCLUDING THE THEATRE, DANCE AND CLASSICAL SERIES PRODUCTIONS AND ONE-NIGHT ONLY PERFORMANCES AND EVENTS; STUDENT PRODUCTIONS HOSTED IN PARTNERSHIP WITH THE TRIANGLE CLUB AND LEWIS CENTER FOR THE ARTS AT PRINCETON UNIVERSITY; AND EDUCATION CLASSES AND STUDENT MATINEES.THE THEATRE SERIES INCLUDED PULITZER PRIZE FINALIST EISA DAVIS' BULRUSHER, SUSAN HILL'S THE WOMAN IN BLACK ADAPTED BY STEPHEN MALLATRATT, THE 1992 TONY-NOMINATED MUSICAL DREAMGIRLS (CO-PRODUCED WITH GOODSPEED MUSICALS), THE WORLD PREMIERE OF WINNIE HOLZMAN'S CHOICE DIRECTED BY MCCARTER'S ARTISTIC DIRECTOR SARAH RASMUSSEN, AND THE ANNUAL HOLIDAY CLASSIC A CHRISTMAS CAROL. THE DANCE, CLASSICAL, AND SIGNATURE SERIES PRESENTED 44 EVENTS INCLUDING CONCERTS BY GRAMMY WINNERS ESPERANZA SPALDING AND ZAKIR HUSSAIN, ROCK AND ROLL HALL OF FAME INDUCTEE PATTI SMITH; EVENINGS WITH EMMY WINNER JON STEWART AND HUMORIST DAVID SEDARIS; AND DANCE PERFORMANCES FROM STOMP AND THE MARK MORRIS DANCE GROUP.MCCARTER'S YEAR ROUND EDUCATION CLASSES WELCOME THEATER NEWCOMERS AND SEASONED PERFORMERS, OFFERING AN ARRAY OF IN-PERSON CLASSES FOR STUDENTS GRADES K-12 AND FOR ADULTS. EACH CLASS FOSTERS A SUPPORTIVE AND CREATIVE ENVIRONMENT WHERE EVERY STUDENT IS FREE TO EXPLORE, PLAY, AND DEVELOP THEIR UNIQUE ARTISTIC VOICE.

    Expenses $12,351,051 · Revenue $6,391,018

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • W ROCHELLE CALHOUN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • JAMES BARROOD

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • DANIELA BONAFEDE-CHHABRA

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • BEN HAMMOND

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • ELLIOT ASARNOW

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KAREN SCHMITT

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • RHONDA ADAMS-MEDINA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CLAUDINA BONETTI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CARMELO CINTRON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAUL DECKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BONNIE GUTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERIC HAGIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES P HERRING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DUNCAN MACMILLAN

    TRUSTEE (THRU 12/23)

    Total calculated
    $0
    Hours/week
    1

  • RITA MCGRATH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH MCNEILLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROHIT MEHROTRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ARSLAN MIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT A MINTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILMA NURSE

    TRUSTEE (THRU 3/24)

    Total calculated
    $0
    Hours/week
    1

  • VERONICA OLIVARES-WEBER

    TRUSTEE (THRU 2/24)

    Total calculated
    $0
    Hours/week
    1

  • AQUATIA L OWENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS PALMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HILARY A PARKER EX-OFFICIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAMELA PRUITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD QUINN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ROSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NEHA DESAI SHAH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KIM SWANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK THIERFELDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID WALKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SARAH RASMUSSEN

    ARTISTIC DIRECTOR

    Total calculated
    $408,515
    From this org
    $349,910
    From related orgs
    $0
    Other
    $58,605
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,910
    Bonus
    $0
    Other
    $0
    Deferred
    $18,846
    Nontaxable benefits
    $39,759
    Filer's total
    $408,515

  • MARTIN MILLER

    EXECUTIVE DIRECTOR (BEGAN 9/23)

    Total calculated
    $115,099
    From this org
    $112,350
    From related orgs
    $0
    Other
    $2,749
    Hours/week
    40

  • SUDHA IYER

    CFO

    Total calculated
    $166,164
    From this org
    $144,869
    From related orgs
    $0
    Other
    $21,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,869
    Bonus
    $0
    Other
    $0
    Deferred
    $7,938
    Nontaxable benefits
    $13,357
    Filer's total
    $166,164

  • DEBBIE BISNO

    DIRECTOR OF UNIVERSITY & ARTISTIC PARTNERSHIPS

    Total calculated
    $153,747
    From this org
    $131,440
    From related orgs
    $0
    Other
    $22,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,440
    Bonus
    $0
    Other
    $0
    Deferred
    $7,612
    Nontaxable benefits
    $14,695
    Filer's total
    $153,747

  • CHARLOTTE HUSSEY

    DIRECTOR OF IT

    Total calculated
    $143,465
    From this org
    $124,118
    From related orgs
    $0
    Other
    $19,347
    Hours/week
    40

  • DIXIE UFFELMAN

    DIRECTOR OF PRODUCTION

    Total calculated
    $147,826
    From this org
    $120,661
    From related orgs
    $0
    Other
    $27,165
    Hours/week
    40

  • PAULA ABREU

    DIRECTOR OF PRESENTED PROGRAMMING

    Total calculated
    $190,001
    From this org
    $154,428
    From related orgs
    $0
    Other
    $35,573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,428
    Bonus
    $0
    Other
    $0
    Deferred
    $9,455
    Nontaxable benefits
    $26,118
    Filer's total
    $190,001

  • KELLY RYMAN

    DIRECTOR OF MKTG & AUDIENCE STRATEGY

    Total calculated
    $174,226
    From this org
    $135,923
    From related orgs
    $0
    Other
    $38,303
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,923
    Bonus
    $0
    Other
    $0
    Deferred
    $8,680
    Nontaxable benefits
    $29,623
    Filer's total
    $174,226

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349311632

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