Zeiterion Theatre Inc
- Assets
- $5.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 80
- Location
- New Bedford, MA
- Founding
- 01/1988
- Data as of
- 09/2021
- EIN
- 04-2845276
Organization Overview
Zeiterion Theatre Inc is located in New Bedford, MA. The organization was established in 1988. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Zeiterion Theatre Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zeiterion Theatre 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 09/2021, Zeiterion Theatre Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. 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
THE ORGANIZATION PROVIDES NEW BEDFORD MASSACHUSETTS AND THE REGION WITH PERFORMING ARTS PROGRAMMING OF EXCELLENCE THAT INSPIRES, EDUCATES, ENGAGES AND ENTERTAINS. THE PANDEMIC MANDATED CLOSURE OF THE THEATER FACILITY DISTORTED OVERHEAD EXPENSES IN FY21 IN RELATION TO THE TOTAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ARTS EDUCATION ACTIVITIES TO SCHOOL AGE CHILDREN OF THE SOUTH COAST OF MASSACHUSETTS AND ON STAGE EVENTS WHICH BRINGS CHILDREN INTO THE THEATER FOR THE PERFORMING ARTS EXPERIENCE. THE ORGANIZATION PROMOTES PERFORMANCES OF BALLET, BROADWAY MUSICALS, JAZZ AND OTHER EVENTS PRESENTED DIRECTLY BY THE ORGANIZATION. THE ORGANIZATION ALSO PROVIDES SUPPORT TO OTHER NOT-FOR-PROFITS WITH THE USE OF THE THEATER TO PRESENT THEIR OWN PERFORMANCES INCLUDING THE NEW BEDFORD SYMPHONY ORCHESTRA, THE NEW BEDFORD FESTIVAL THEATRE AND THE NEW BEDFORD BALLET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosemary Gill Executive Director | Officer | 40 | $104,845 |
Frank Almeida Clerk | OfficerTrustee | 2 | $0 |
Christine Marotta Treasurer | OfficerTrustee | 2 | $0 |
Joseph Nauman Vice Chair | OfficerTrustee | 2 | $0 |
Michael Tavares Chair | OfficerTrustee | 2 | $0 |
Jill Simoes Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,703 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $907,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,733,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,669,408 |
| Total Program Service Revenue | $340,362 |
| Investment income | $4,438 |
| 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 | $3,023,633 |
| 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. | $108,469 |
| Compensation of current officers, directors, key employees. | $8,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $522,310 |
| Pension plan accruals and contributions | $16,399 |
| Other employee benefits | $58,776 |
| Payroll taxes | $58,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,997 |
| Advertising and promotion | $35,824 |
| Office expenses | $5,902 |
| Information technology | $14,698 |
| Royalties | $0 |
| Occupancy | $24,639 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,175 |
| Interest | $214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,449 |
| Insurance | $45,743 |
| All other expenses | $136,940 |
| Total functional expenses | $1,337,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,689 |
| Savings and temporary cash investments | $3,953,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,334 |
| 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 | $234,291 |
| Net Land, buildings, and equipment | $638,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,500,902 |
| Accounts payable and accrued expenses | $117,194 |
| Grants payable | $0 |
| Deferred revenue | $948,552 |
| 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 | $18,695 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,084,441 |
| Net assets without donor restrictions | $1,469,348 |
| Net assets with donor restrictions | $2,947,113 |
| 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 | $5,500,902 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Zeiterion Theatre Inc has recieved totaling $328,538.
| Awarding Organization | Amount |
|---|---|
Klarman Family Foundation Boston, MA PURPOSE: FUNDER COLLABORATIONS AND BOLD BETS: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022, 2023, AND 2024, AS A PART OF THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE (RAPID RESPONSE) | $138,750 |
Barr Foundation Boston, MA PURPOSE: ARTS & CREATIVITY: TO SUPPORT PARTICIPATION IN YEARS 4-6 OF THE BARR KLARMAN MASSACHUSETTS ARTS INITIATIVE | $86,500 |
Klarman Family Foundation Boston, MA PURPOSE: FUNDER COLLABORATIONS AND BOLD BETS: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022, 2023, AND 2024, AS A PART OF THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE (RAPID RESPONSE) | $82,500 |
Alvord Family Foundation Tr Boston, MA PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Carney Family Charitable Foundation Bridgewater, MA PURPOSE: ARTS & CULTURE | $7,500 |
Grimshaw Gudewicz Charitable Foundation Fall River, MA PURPOSE: OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Stamford Center For The Arts Inc Stamford, CT | $18,714,807 | $7,026,118 |
Palace Theatre Trust Manchester, NH | $12,127,067 | $4,561,211 |
Friends Of The Music Hall Portsmouth, NH | $11,111,524 | $6,060,196 |
Palace Theater Group Inc Waterbury, CT | $7,137,767 | $7,444,031 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |
Cabot Performing Arts Center Inc Beverly, MA | $9,302,777 | $5,349,464 |