Williamstown Theatre Foundation Inc
- Assets
- $11.5m
- Revenue
- $7.2m
- Investments
- $72.7k
- Employees
- 228
- Location
- Williamstown, MA
- Founding
- 01/1956
- Data as of
- 12/2021
- EIN
- 04-2237311
Organization Overview
Williamstown Theatre Foundation Inc is located in Williamstown, MA. The organization was established in 1956. 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 12/2021, Williamstown Theatre Foundation Inc employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamstown Theatre Foundation Inc 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 12/2021, Williamstown Theatre Foundation Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. While expenses have increased by 3.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE CLASSIC AND NEW PLAYS WITH DISTINCTION AND VERVE, AND TO PRESENT ARTISTS WITH PRODUCTION OPPORTUNITIES AND CHALLENGES SELDOM AVAILABLE ELSEWHERE.
Describe the Organization's Program Activity:
IN ACCORDANCE WITH PART OF OUR MISSION, THE 2021 SEASON WAS COMPRISED OF 3 WORLD PREMIERE THEATRICAL EXPERIENCES UTILIZING THE BACKDROP OF THE SUMMER IN THE BERKSHIRES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Greenfield Artistic Dir. Thru Nov 21 | Officer | 40 | $300,875 |
Josh Martinez-Nelson Director Of Development | 40 | $120,631 | |
Amy Russell Director Of Finance | 40 | $104,869 | |
Donald B Elitzer Treasurer | OfficerTrustee | 1 | $0 |
Joe Finnegan Vice Chair | OfficerTrustee | 1 | $0 |
Jeffrey Johnson Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $480,523 |
| Related organizations | $0 |
| Government grants | $3,306,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,171,732 |
| Noncash contributions included in lines 1a–1f | $21,885 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,958,655 |
| Total Program Service Revenue | $1,096,109 |
| Investment income | $82,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,302 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,224,281 |
| 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. | $321,936 |
| Compensation of current officers, directors, key employees. | $80,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,252,699 |
| Pension plan accruals and contributions | $94,199 |
| Other employee benefits | $126,594 |
| Payroll taxes | $182,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $155,145 |
| Fees for services: Accounting | $64,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,083 |
| Fees for services: Other | $249,943 |
| Advertising and promotion | $106,844 |
| Office expenses | $27,076 |
| Information technology | $0 |
| Royalties | $21,634 |
| Occupancy | $147,417 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,530 |
| Insurance | $60,707 |
| All other expenses | $51,054 |
| Total functional expenses | $4,582,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,668 |
| Savings and temporary cash investments | $2,673,342 |
| Pledges and grants receivable | $74,435 |
| Accounts receivable, net | $106,913 |
| 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 | $47,804 |
| Net Land, buildings, and equipment | $1,384,531 |
| Investments—publicly traded securities | $6,920,407 |
| Investments—other securities | $72,699 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,055 |
| Total assets | $11,514,854 |
| Accounts payable and accrued expenses | $313,843 |
| Grants payable | $0 |
| Deferred revenue | $82,434 |
| 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 | $396,277 |
| Net assets without donor restrictions | $5,010,711 |
| Net assets with donor restrictions | $6,107,866 |
| 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 | $11,514,854 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Williamstown Theatre Foundation Inc has recieved totaling $88,687.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,900 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
John A & Joan M Dietze Charitable Tr 102501 Pennington, NJ PURPOSE: GENERAL OPERATING | $2,500 |
Mutual Of America Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSE | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Endowment Analysis
| Beg. Balance | $3,710,385 |
| Net Contributions | $100 |
| Ending Balance | $3,710,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
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 |