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Nonprofiteer
← GOODSPEED OPERA HOUSE FOUNDATION INC

Form 990 for tax year 2022

Filed by GOODSPEED OPERA HOUSE FOUNDATION INC.

Totals

Total revenue
$12,508,073
Total expenses
$11,347,438
Contributions and grants received
$5,412,319
Grants paid
$0
Program service revenue
$6,326,295
Investment income
$530,470
Other revenue
$238,989
Total assets, end of year
$32,145,323
Total liabilities, end of year
$3,767,647
Net assets or fund balances, end of year
$28,377,676
Program services expenses (Part IX)
$9,674,020
Management and general expenses
$740,466
Fundraising expenses
$932,952
Program service expenses (Part III)
$9,674,020

Program services were 85.3% 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.

  • 1b · Membership dues

    $1,416,563

  • 1c · Fundraising events

    $133,548

  • 1e · Government grants (contributions)

    $2,112,194

  • 1f · All other contributions, gifts and grants

    $1,750,014

  • 1g · Noncash contributions included above

    $60,416

  • 2a · Program service revenue: ADMISSION

    total $5,444,779 · related or exempt $5,444,779

  • 2b · Program service revenue: ENHANCEMENT INCOME

    total $484,401 · related or exempt $484,401

  • 2c · Program service revenue: WARDROBE RENTAL INCOME

    total $168,413 · related or exempt $33,895 · unrelated business $134,518

  • 2d · Program service revenue: THEATRE TOUR EVENTS

    total $128,820 · related or exempt $128,820

  • 2e · Program service revenue: CONCESSION INCOME

    total $92,391 · related or exempt $92,391

  • 2f · All other program service revenue

    total $7,491 · related or exempt $7,491

  • 3 · Investment income

    total $562,315 · excluded $562,315

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $192,048 · excluded $192,048

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $4,565,232 · other assets $424,500

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

    securities $4,973,870 · other assets $47,707

  • 7c · Gain or loss

    securities -$408,638 · other assets $376,793

  • 7d · Net gain or loss

    total -$31,845 · excluded -$31,845

  • 8a · Fundraising events: gross income

    $65,587

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

    $133,548

  • 8b · Fundraising events: direct expenses

    $65,587

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $18,489 · related or exempt $18,489

  • 11b · Other revenue: REIMBURSED DAMAGES (FLOOD INSURANCE)

    total $28,452 · related or exempt $28,452

  • 11e · Other revenue, total

    $46,941

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $379,944 · program services $249,567 · management and general $90,594 · fundraising $39,783

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $5,070,491 · program services $4,311,704 · management and general $214,491 · fundraising $544,296

  • 8 · Pension plan contributions

    total $312,349 · program services $312,349 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $236,256 · program services $230,877 · management and general $5,379 · fundraising $0

  • 10 · Payroll taxes

    total $384,575 · program services $349,135 · management and general $12,083 · fundraising $23,357

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $26,375 · program services $0 · management and general $26,375 · fundraising $0

  • 11c · Fees: accounting

    total $72,389 · program services $0 · management and general $72,389 · fundraising $0

  • 11d · Fees: lobbying

    total $4,000 · program services $0 · management and general $4,000 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $7,275 · fundraising $7,275

  • 11f · Fees: investment management

    total $52,550 · program services $0 · management and general $52,550 · fundraising $0

  • 11g · Fees: other

    total $290,295 · program services $134,544 · management and general $122,869 · fundraising $32,882

  • 12 · Advertising and promotion

    total $666,324 · program services $599,736 · management and general $0 · fundraising $66,588

  • 13 · Office expenses

    total $31,476 · program services $24,432 · management and general $1,961 · fundraising $5,083

  • 14 · Information technology

    total $114,799 · program services $79,633 · management and general $21,818 · fundraising $13,348

  • 15 · Royalties

    total $114,820 · program services $114,820 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $717,634 · program services $604,867 · management and general $40,473 · fundraising $72,294

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $169,922 · program services $141,597 · management and general $13,992 · fundraising $14,333

  • 20 · Interest

    total $5,467 · program services $0 · management and general $5,467 · fundraising $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $452,504 · program services $380,804 · management and general $24,566 · fundraising $47,134

  • 23 · Insurance

    total $324,056 · program services $272,297 · management and general $17,734 · fundraising $34,025

  • 24a · Other expenses: PRODUCTION EXPENSE

    total $1,216,257 · program services $1,216,257 · management and general $0 · fundraising $0

  • 24b · Other expenses: ARTISTIC FEES

    total $442,711 · program services $442,711 · management and general $0 · fundraising $0

  • 24c · Other expenses: TELEPHONE, CABLE AND INTERNET

    total $88,059 · program services $87,070 · management and general $339 · fundraising $650

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $25,634 · program services $15,602 · management and general $7,893 · fundraising $2,139

  • 24e · All other expenses

    total $141,276 · program services $106,018 · management and general $5,493 · fundraising $29,765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,797,194 · end of year $381,012

  • 2 · Savings and temporary cash investments

    beginning of year $554,672 · end of year $1,590,397

  • 3 · Pledges and grants receivable

    beginning of year $131,031 · end of year $131,477

  • 4 · Accounts receivable

    beginning of year $154,955 · end of year $59,959

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $39,133 · end of year $39,513

  • 9 · Prepaid expenses and deferred charges

    beginning of year $247,015 · end of year $350,782

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

    $22,621,705

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

    $12,255,786

  • 10c · Land, buildings and equipment, net

    beginning of year $10,647,317 · end of year $10,365,919

  • 11 · Investments: publicly traded securities

    beginning of year $20,664,135 · end of year $18,829,010

  • 12 · Investments: other securities

    beginning of year $492,706 · end of year $397,254

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $505,176 · end of year $862,020

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,944,046 · end of year $1,229,300

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $158,258 · end of year $150,000

  • 24 · Unsecured notes and loans payable

    beginning of year $1,283,271 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,688,896 · end of year $1,526,327

  • 27 · Net assets without donor restrictions

    beginning of year $22,457,955 · end of year $21,405,616

  • 28 · Net assets with donor restrictions

    beginning of year $7,690,556 · end of year $6,972,060

Mission and programs · 2022

Mission

Goodspeed Musicals' mission is to share the joy of musical theatre; to delight, inspire, and challenge audiences; to nurture creators; and to build and support a broad, diverse, and inclusive community.

Activities or mission (Part I)

to share the joy of musical theatre; to delight, inspire, and challenge audiences; to nurture creators; and to build and support a broad, diverse, and inclusive community.

  • Goodspeed Musicals' mission is to share the joy of musical theatre; to delight, inspire, and challenge audiences; to nurture creators; and to build and support a broad, diverse, and inclusive community. Developing new musicals and building the future of the art form are at the core of what makes Goodspeed the "Home of the American Musical." Our long history of producing new works and our approach to new musical development is tried and true. Goodspeed's January - December season celebrates all facets of musical theatre. We produce multiple musicals - new works and re-imagined classics at our historic Goodspeed Opera House, an intimate 398-seat Victorian-style theatre. We have a long history of producing primarily new works on our second stage, The Terris Theatre in nearby Chester, CT. In the 2022 season, we produced the following programs in 2022: . The Johnny Mercer Foundation (JMF) Writers Grove . In March of 2022, we hosted the 16th Festival of New Musicals . GoodWorks. With initial funding in place, the first formal commissioning program in Goodspeed's history. Initiated two commissions in this inaugural year. . Goodspeed's 2022 season was held fully in-person and began on Friday, May 13, 2022. Kicking off with the Tony-Award winning musical Cabaret. In the summer, the reimagined classic Anne of Green Gables premiered on The Goodspeed stage. Next in the season line-up was 42nd Street. Rounding out our season is our second world premiere, Christmas in Connecticut. . Goodspeed's Arts Education Collaboration (AEC) program engaged approximately 800 students, who attend underserved schools in communities across the state of Connecticut, in the creative process of musical theatre. . Finally, in 2022, the Goodspeed Kids Company offered the Kids Company Virtual Ensemble and the Kids Company Virtual Private Studio.

    Expenses $9,674,020 · Revenue $6,326,295

  • MISCELLANEOUS REVENUE EARNED BY THE ORGANIZATION FOR ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE.

    Revenue $46,941

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Byrd

    Managing Director

    Total calculated
    $189,978
    From this org
    $175,135
    From related orgs
    $0
    Other
    $14,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,135
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,135

  • Donna Lynn Cooper Hilton

    Artistic Director

    Total calculated
    $189,970
    From this org
    $174,570
    From related orgs
    $0
    Other
    $15,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,570
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $174,570

  • Rachel Tischler

    GENERAL MANAGER

    Total calculated
    $147,673
    From this org
    $113,525
    From related orgs
    $0
    Other
    $34,148
    Hours/week
    40

  • Daniel McMahon

    DIRECTOR OF MARKETING & PR

    Total calculated
    $128,538
    From this org
    $114,181
    From related orgs
    $0
    Other
    $14,357
    Hours/week
    40

  • Francis G Adams Jr

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer G Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Anthony Cacace

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Frank Campbell

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Rossi Copeland

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Dodd

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Duncan

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Anne Evans

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Muriel Fleischmann

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Frost

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jean Selden Greene

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey S Hoffman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Susan Link

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Mark Masselli

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Michael Polo

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristen Roberts

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hila Rosen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Meg Sakellarides

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Smith

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Stanton

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leonardo H Suzio

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Voege

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John F Wolter

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Gov Ned Lamont

    Honorary Chairman

    Total calculated
    $0
    Hours/week
    1

  • Blair Russell

    TRUSTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marlene Ferreira

    TRUSTEE MEMBER

    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. 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 · Form 990 of other organizations
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GOODSPEED RESTAURANT INC

    C CORP · RESTAURANT & INN · CT · 100% owned · share of income $100,000 · share of assets $93,384

    Directly controlled by GOODSPEED OPERA

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333179349303808

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