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Nonprofiteer
← IVORYTON PLAYHOUSE FOUNDATION INC

Form 990 for tax year 2023

Filed by IVORYTON PLAYHOUSE FOUNDATION INC.

Totals

Total revenue
$2,202,777
Total expenses
$2,385,876
Contributions and grants received
$1,029,418
Grants paid
$0
Program service revenue
$1,140,705
Investment income
$32,654
Other revenue
$0
Total assets, end of year
$3,322,779
Total liabilities, end of year
$375,303
Net assets or fund balances, end of year
$2,947,476
Program services expenses (Part IX)
$1,959,635
Management and general expenses
$399,606
Fundraising expenses
$26,635
Program service expenses (Part III)
$1,959,635

Program services were 82.1% 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

    $248,402

  • 1e · Government grants (contributions)

    $199,554

  • 1f · All other contributions, gifts and grants

    $581,462

  • 2a · Program service revenue: PROGRAM REVENUE

    total $1,140,705 · related or exempt $1,140,705

  • 3 · Investment income

    total $32,654 · related or exempt $32,654

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,070,309 · program services $785,310 · management and general $279,261 · fundraising $5,738

  • 10 · Payroll taxes

    total $80,591 · program services $59,587 · management and general $20,571 · fundraising $433

  • 11c · Fees: accounting

    total $6,500 · management and general $6,500

  • 12 · Advertising and promotion

    total $99,767 · program services $99,767

  • 16 · Occupancy

    total $50,178 · program services $34,563 · management and general $15,615

  • 19 · Conferences, conventions and meetings

    total $122 · program services $122

  • 20 · Interest

    total $8,273 · program services $8,273

  • 22 · Depreciation, depletion and amortization

    total $52,593 · program services $52,486 · management and general $107

  • 23 · Insurance

    total $35,994 · program services $20,652 · management and general $15,342

  • 24a · Other expenses: SHOW FEES AND OTHER

    total $238,282 · program services $238,282

  • 24b · Other expenses: ROYALTIES

    total $168,061 · program services $168,061

  • 24c · Other expenses: PRODUCTION COSTS

    total $89,913 · program services $89,913

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $69,747 · program services $68,692 · management and general $1,055

  • 24e · All other expenses

    total $415,546 · program services $333,927 · management and general $61,155 · fundraising $20,464

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $557,886 · end of year $169,058

  • 2 · Savings and temporary cash investments

    beginning of year $848,483 · end of year $1,074,931

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,654 · end of year $10,979

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

    $1,764,336

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

    $1,108,923

  • 10c · Land, buildings and equipment, net

    beginning of year $705,818 · end of year $655,413

  • 11 · Investments: publicly traded securities

    beginning of year $1,231,684 · end of year $1,410,605

  • 14 · Intangible assets

    beginning of year $1,900 · end of year $1,793

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,416 · end of year $9,561

  • 19 · Deferred revenue

    beginning of year $228,841 · end of year $201,892

  • 23 · Secured mortgages and notes payable

    beginning of year $182,059

  • 24 · Unsecured notes and loans payable

    end of year $163,850

  • 27 · Net assets without donor restrictions

    beginning of year $1,857,741 · end of year $1,863,108

  • 28 · Net assets with donor restrictions

    beginning of year $1,083,368 · end of year $1,084,368

Mission and programs · 2023

Mission

THE IVORYTON PLAYHOUSE FOUNDATION WAS FORMED FOR THE PURPOSE OF OWNING, RESTORING, AND OPERATING THE PLAYHOUSE, MAINTAINING ITS CULTURAL, EDUCATIONAL, ENTERTAINMENT, AND SERVICE VALUE TO THE COMMUNITY AT LARGE. THE FOUNDATION IS COMMITTED TO PROVIDING EXCEPTIONAL AND AFFORDABLE THEATRE EXPERIENCES OF HIGH PROFESSIONAL QUALITY TO ENRICH, ENLIGHTEN, EDUCATE, AND ENTERTAIN THE DIVERSE AUDIENCE IN THE SHORELINE REGION AND BEYOND. STRONG EDUCATION AND TRAINING PROGRAMS ARE CENTRAL PARTS OF OUR COMMITMENT TO THE LOCAL AND NATIONAL ARTISTIC COMMUNITIES.

  • RESTORE AND OPERATE THE IVORYTON PLAYHOUSE, MAINTAINING ITS CULTURAL, EDUCATIONAL, ENTERTAINMENT, AND SERVICE VALUE TO THE COMMUNITY AT LARGE. THE FOUNDATION PROVIDES EXCEPTIONAL AND AFFORDABLE THEATER EXPERIENCES OF HIGH PROFESSIONAL QUALITY TO ENRICH, ENLIGHTEN, EDUCATE, AND ENTERTAIN THE DIVERSE AUDIENCE IN THE SHORELINE REGION AND BEYOND.

    Expenses $1,954,581

  • Expenses $5,054

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

Listed in Part VII

  • Carly Callahan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert Dryfoos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Theresa Dryfoos

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ralph Guardiano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jacqueline Hubbard

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • William Wrang III

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Al Jaffe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Norman Needleman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Susan Origlia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Toni Robinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mallory Samson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bonnie Stone

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Todd Underwood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202403199349310340

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