Penobscot Theatre Company
- Assets
- $3.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 45
- Location
- Bangor, ME
- Founding
- 08/1984
- Data as of
- 08/2021
- EIN
- 01-0387418
Organization Overview
Penobscot Theatre Company is located in Bangor, ME. The organization was established in 1984. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Penobscot Theatre Company employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penobscot Theatre Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Penobscot Theatre Company generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $1.1m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING AND ENCOURAGING DRAMATICS AND THEATRICAL ART BY PRODUCING AND SPONSORING HIGH QUALITY LIVE THEATRE AND CONDUCTING CHILDREN'S WORKSHOPS, EDUCATIONAL OUTREACH PROGRAMS AND INTERN TRAINING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRODUCTION AND SUPPORT FOR NUMEROUS LIVE THEATRICAL PERFORMANCES, INCLUDING SOME OF THE BIGGEST BOX OFFICE SUCCESSES IN THE THEATRE'S HISTORY.
EDUCATIONAL/OUTREACH PROGRAMMING THAT IS THE LARGEST IN THE STATE, SERVING THOUSANDS OF MAINE STUDENTS IN SCHOOLS WITH WORKSHOPS.
THE PRODUCTION AND SUPPORT FOR NUMEROUS LIVE THEATRICAL PERFORMANCES, INCLUDING SOME OF THE BIGGEST BOX OFFICE SUCCESSES IN THE THEATRE'S HISTORY.
EDUCATIONAL/OUTREACH PROGRAMMING THAT IS THE LARGEST IN THE STATE, SERVING THOUSANDS OF MAINE STUDENTS IN SCHOOLS WITH WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Barrett Treasurer | OfficerTrustee | 1 | $0 |
Sundance Campbell President | OfficerTrustee | 40 | $0 |
Benjamin Johnson Vice Preside | OfficerTrustee | 1 | $0 |
Jocelyn Cogen Secretary | OfficerTrustee | 1 | $0 |
Jacob Baker Director | Trustee | 1 | $0 |
Brianne Beck Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,148,063 |
| Noncash contributions included in lines 1a–1f | $132,051 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,148,063 |
| Total Program Service Revenue | $135,231 |
| Investment income | $953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,425 |
| Net Income from Fundraising Events | $74,256 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $924 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,578,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,177 |
| Payroll taxes | $44,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $124,406 |
| Office expenses | $6,759 |
| Information technology | $0 |
| Royalties | $30,226 |
| Occupancy | $63,715 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,439 |
| Insurance | $17,146 |
| All other expenses | $37,541 |
| Total functional expenses | $1,085,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,267,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $733,110 |
| Accounts receivable, net | $80,116 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $91,292 |
| Net Land, buildings, and equipment | $1,332,872 |
| Investments—publicly traded securities | $130,502 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,425 |
| Other assets | $0 |
| Total assets | $3,641,212 |
| Accounts payable and accrued expenses | $84,030 |
| Grants payable | $0 |
| Deferred revenue | $203,101 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $492,743 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,503 |
| Total liabilities | $904,377 |
| Net assets without donor restrictions | $1,820,669 |
| Net assets with donor restrictions | $916,166 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,641,212 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penobscot Theatre Company has recieved totaling $105,500.
| Awarding Organization | Amount |
|---|---|
Mimi Foundation Scarborough, ME PURPOSE: GENERAL OPERATING SUPPORT | $105,500 |
Endowment Analysis
| Beg. Balance | $28,113 |
| Earnings | $12,462 |
| Net Contributions | $452,507 |
| Other Expense | -$1,049 |
| Ending Balance | $492,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine State Music Theatre Brunswick, ME | $9,197,603 | $6,493,645 |
Capitol Center For The Arts Concord, NH | $13,056,892 | $5,892,075 |
New London Barn Playhouse Inc New London, NH | $7,309,403 | $2,095,434 |
Portland Stage Company Inc Portland, ME | $6,688,125 | $2,598,940 |
Seacoast Repertory Theatre Portsmouth, NH | $1,191,303 | $2,253,982 |
Penobscot Theatre Company Bangor, ME | $3,641,212 | $2,578,717 |
Lebanon Opera House Improvement Corporation Lebanon, NH | $2,023,821 | $1,823,144 |
Peterborough Players Inc Peterborough, NH | $4,369,183 | $1,738,482 |
Weathervane Theatre Players Inc Whitefield, NH | $1,429,928 | $645,823 |
L A Public Theatre Inc Lewiston, ME | $1,727,487 | $838,662 |
Theater At Monmouth Monmouth, ME | $1,320,073 | $458,729 |
Johnson Hall Inc Gardiner, ME | $650,332 | $692,025 |