Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,183,707

• 1e · Government grants (contributions)

  $150,000

• 1f · All other contributions, gifts and grants

  $8,241,464

• 1g · Noncash contributions included above

  $233,361

• 2a · Program service revenue: THEATER ADMISSIONS

  total $19,731,694 · related or exempt $19,731,694

• 2b · Program service revenue: OTHER THEATER INCOME

  total $3,894,518 · related or exempt $3,894,518

• 2c · Program service revenue: THEATER RENTAL

  total $1,328,806 · related or exempt $1,328,806

• 3 · Investment income

  total $3,875,463 · excluded $3,875,463

• 7a · Gross sales of assets other than inventory

  securities $14,063,319

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

  securities $11,577,924 · other assets $16,959

• 7c · Gain or loss

  securities $2,485,395 · other assets -$16,959

• 7d · Net gain or loss

  total $2,468,436 · excluded $2,468,436

• 8a · Fundraising events: gross income

  $66,375

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

  $1,183,707

• 8b · Fundraising events: direct expenses

  $420,082

• 8c · Net income from fundraising events

  total -$353,707 · excluded -$353,707

• 10a · Gross sales of inventory

  $11,075

• 10b · Cost of goods sold

  $26,193

• 10c · Net income from sales of inventory

  total -$15,118 · excluded -$15,118

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,642,032 · program services $540,865 · management and general $841,126 · fundraising $260,041

• 7 · Other salaries and wages

  total $8,001,030 · program services $5,726,884 · management and general $1,592,711 · fundraising $681,435

• 8 · Pension plan contributions

  total $311,944 · program services $187,949 · management and general $86,895 · fundraising $37,100

• 9 · Other employee benefits

  total $1,154,557 · program services $726,218 · management and general $318,523 · fundraising $109,816

• 10 · Payroll taxes

  total $727,495 · program services $478,979 · management and general $171,540 · fundraising $76,976

• 11b · Fees: legal

  total $60,099 · management and general $60,099

• 11c · Fees: accounting

  total $106,750 · management and general $106,750

• 11d · Fees: lobbying

  total $25,000 · management and general $25,000

• 11e · Fees: professional fundraising services

  total $48,750 · fundraising $48,750

• 11f · Fees: investment management

  total $302,181 · management and general $302,181

• 11g · Fees: other

  total $368,372 · program services $175,215 · management and general $151,157 · fundraising $42,000

• 12 · Advertising and promotion

  total $1,935,468 · program services $1,935,468

• 13 · Office expenses

  total $389,504 · management and general $389,504

• 14 · Information technology

  total $290,013 · program services $60,198 · management and general $229,815

• 16 · Occupancy

  total $2,056,592 · program services $1,650,704 · management and general $274,742 · fundraising $131,146

• 20 · Interest

  total $1,819,890 · program services $1,537,926 · management and general $281,964

• 22 · Depreciation, depletion and amortization

  total $5,096,610 · program services $4,306,969 · management and general $789,641

• 23 · Insurance

  total $383,003 · program services $300,872 · management and general $55,775 · fundraising $26,356

• 24a · Other expenses: LEAD & OTHER ARTIST FEE

  total $11,333,995 · program services $11,333,995

• 24b · Other expenses: STAGE LABOR & TECH COST

  total $1,775,570 · program services $1,775,570

• 24c · Other expenses: MISCELLANEOUS

  total $1,340,917 · program services $900,226 · management and general $227,118 · fundraising $213,573

• 24d · Other expenses: MAINTENANCE & CUSTODIAL

  total $1,005,676 · program services $790,022 · management and general $146,448 · fundraising $69,206

• 24e · All other expenses

  total $631,261 · program services $576,071 · fundraising $55,190

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $45,965 · end of year $52,625

• 2 · Savings and temporary cash investments

  beginning of year $863,351 · end of year $1,262,510

• 3 · Pledges and grants receivable

  beginning of year $16,075,839 · end of year $12,452,430

• 4 · Accounts receivable

  beginning of year $25,526 · end of year $179,015

• 8 · Inventories for sale or use

  beginning of year $34,491 · end of year $17,645

• 9 · Prepaid expenses and deferred charges

  beginning of year $913,296 · end of year $1,348,660

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

  $166,562,815

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

  $84,726,078

• 10c · Land, buildings and equipment, net

  beginning of year $84,872,219 · end of year $81,836,737

• 11 · Investments: publicly traded securities

  beginning of year $92,225,004 · end of year $106,736,190

• 15 · Other assets

  beginning of year $617,637 · end of year $1,339,030

• 17 · Accounts payable and accrued expenses

  beginning of year $918,580 · end of year $1,510,524

• 19 · Deferred revenue

  beginning of year $6,672,312 · end of year $9,245,621

• 20 · Tax-exempt bond liabilities

  beginning of year $56,270,000 · end of year $56,270,000

• 27 · Net assets without donor restrictions

  beginning of year $86,211,431 · end of year $94,741,096

• 28 · Net assets with donor restrictions

  beginning of year $45,601,005 · end of year $43,457,601

The filer's explanations (Part III)

PART I, LINE 4A

TERRENCE DWYER WAS HIRED BY THE CENTER AS ITS CHIEF EXECUTIVE OFFICER IN JANUARY 2021. MR. DWYER SUBSEQUENTLY LEFT THE CENTER'SEMPLOYMENT IN MAY 2021. PURSUANT TO AGREEMENT WITH THE CENTER HE WAS PAID HIS BASE SALARY FOR THE FOLLOWING TWELVE MONTH PERIOD THROUGH MAY 2022. THE CENTER HIRED A NEW CHIEF EXECUTIVE OFFICER, DIANNE QUINN, EFFECTIVE JANUARY 21, 2022.