Mile Square Theatre
- Assets
- $536.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Hoboken, NJ
- Founding
- 12/2003
- Data as of
- 06/2022
- EIN
- 01-0778023
Organization Overview
Mile Square Theatre is located in Hoboken, NJ. The organization was established in 2003. 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 06/2022, Mile Square Theatre employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mile Square Theatre 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 06/2022, Mile Square Theatre generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $801.6k during the year ending 06/2022. While expenses have increased by 12.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PRODUCES CONTEMPORARY THEATER WORKS,AND PROVIDES THEATER ARTS DANCE EDUCATION TO PROMOTE THE PERFORMING ARTS AND DEEPEN THE REGION'S CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCING AND PERFORMING CONTEMPORARY AND CLASSICAL THEATRE WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Free Artistic Dir | Officer | 40 | $18,750 |
Mark Stehli Treasurer | OfficerTrustee | 2 | $0 |
Stephanie Kip Rostan President | OfficerTrustee | 2 | $0 |
Tracy Gavant VP | OfficerTrustee | 2 | $0 |
Anne Teutschel Secretary | OfficerTrustee | 2 | $0 |
David Tornabene Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $560,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $662,349 |
| Total Program Service Revenue | $368,571 |
| Investment income | $273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,031,193 |
| 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. | $18,750 |
| Compensation of current officers, directors, key employees. | $1,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,137 |
| Advertising and promotion | $20,162 |
| Office expenses | $6,453 |
| Information technology | $0 |
| Royalties | $10,866 |
| Occupancy | $67,802 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $664 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,428 |
| Insurance | $28,771 |
| All other expenses | $15,296 |
| Total functional expenses | $801,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,447 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,958 |
| Accounts receivable, net | $13,299 |
| 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 | $0 |
| Net Land, buildings, and equipment | $389,147 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $536,851 |
| Accounts payable and accrued expenses | $786 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $786 |
| Net assets without donor restrictions | $511,065 |
| Net assets with donor restrictions | $25,000 |
| 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 | $536,851 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Mile Square Theatre has recieved totaling $52,905.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $26,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $15,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $11,750 |
Aegis Foundation Inc East Rutherford, NJ PURPOSE: EMPLOYEE MATCH | $103 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |