Merrimack Repertory Theatre
- Assets
- $2.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 64
- Location
- Lowell, MA
- Founding
- 05/1979
- Data as of
- 06/2022
- EIN
- 04-2664784
Organization Overview
Merrimack Repertory Theatre is located in Lowell, MA. The organization was established in 1979. 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, Merrimack Repertory Theatre employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrimack Repertory 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, Merrimack Repertory Theatre generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 0.1% 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
TO CREATE REMARKABLE NEW AND CONTEMPORARY PLAYS THAT BRING JOY TO OUR ART FORM WHILE ENGAGING, ENTERTAINING AND ENRICHING OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCED THE LARGEST SEASON SINCE REOPENING POST-COVID, COMMISSIONED NEW WORK, AND CREATED NEW COMMUNITY ENGAGEMENT MODEL WITH LETTERS FROM HOME IN FISCAL YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Baacke Trustee | Trustee | 1 | $0 |
Judith K Benson Trustee | Trustee | 1 | $0 |
Anton Chernoff Trustee | Trustee | 1 | $0 |
Michael G Conway Trustee | Trustee | 1 | $0 |
Karen Hartman Trustee (since Sept 2021) | Trustee | 1 | $0 |
Evan Schapiro Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,922 |
| Related organizations | $0 |
| Government grants | $973,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,202,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,246,064 |
| Total Program Service Revenue | $467,811 |
| Investment income | $2,389 |
| 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 | $2,716,264 |
| 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. | $206,843 |
| Compensation of current officers, directors, key employees. | $206,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,034,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,753 |
| Payroll taxes | $105,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,625 |
| Advertising and promotion | $141,964 |
| Office expenses | $162,154 |
| Information technology | $0 |
| Royalties | $26,856 |
| Occupancy | $171,898 |
| 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 | $89,654 |
| Insurance | $31,451 |
| All other expenses | $0 |
| Total functional expenses | $2,353,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,761 |
| Savings and temporary cash investments | $82,158 |
| Pledges and grants receivable | $334,952 |
| Accounts receivable, net | $331,237 |
| 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 | $97,624 |
| Net Land, buildings, and equipment | $1,483,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,679 |
| Total assets | $2,527,630 |
| Accounts payable and accrued expenses | $452,005 |
| Grants payable | $0 |
| Deferred revenue | $296,044 |
| 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 | $748,049 |
| Net assets without donor restrictions | $1,472,703 |
| Net assets with donor restrictions | $306,878 |
| 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 | $2,527,630 |