Commonwealth Shakespeare Company Inc
- Assets
- $1.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 105
- Location
- Boston, MA
- Founding
- 05/1987
- Data as of
- 09/2023
- EIN
- 04-2947682
Organization Overview
Commonwealth Shakespeare Company Inc is located in Boston, MA. The organization was established in 1987. 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 09/2023, Commonwealth Shakespeare Company Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Shakespeare Company 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 09/2023, Commonwealth Shakespeare Company Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. While expenses have increased by 6.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION & PRESENTATION OF SHAKESPEAREAN PLAYS PERFORMED IN THE BOSTON COMMON WITH FREE ADMISSION.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Maler Founding Artistic Director/president | OfficerTrustee | 35 | $63,860 |
Joan Moynagh Secretary | OfficerTrustee | 2 | $0 |
Terry Regan Treasurer | OfficerTrustee | 2 | $0 |
David Friedman Chair | OfficerTrustee | 2 | $0 |
Christy Cashman Trustee | Trustee | 2 | $0 |
Mary Dockray-Miller Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,133 |
| Related organizations | $0 |
| Government grants | $1,047,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $846,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,921,692 |
| Total Program Service Revenue | $258,797 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,807 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,168 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,221,128 |
| 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. | $71,137 |
| Compensation of current officers, directors, key employees. | $7,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $770,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,461 |
| Payroll taxes | $75,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,008 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,668 |
| Advertising and promotion | $0 |
| Office expenses | $16,431 |
| Information technology | $13,281 |
| Royalties | $0 |
| Occupancy | $144,030 |
| Travel | $8,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,042 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,826 |
| Insurance | $28,457 |
| All other expenses | $28,637 |
| Total functional expenses | $1,770,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,372 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $654,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,812 |
| Prepaid expenses and deferred charges | $10,088 |
| Net Land, buildings, and equipment | $1,052,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,594 |
| Total assets | $1,814,987 |
| Accounts payable and accrued expenses | $30,100 |
| 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 | $525,000 |
| Total liabilities | $555,100 |
| Net assets without donor restrictions | $605,887 |
| Net assets with donor restrictions | $654,000 |
| 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 | $1,814,987 |