Improvisation Center Of Boston Inc
- Assets
- $852.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Cambridge, MA
- Founding
- 12/1994
- Data as of
- 06/2022
- EIN
- 04-3194750
Organization Overview
Improvisation Center Of Boston Inc is located in Cambridge, MA. The organization was established in 1994. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Improvisation Center Of Boston Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Improvisation Center Of Boston 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 06/2022, Improvisation Center Of Boston Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $660.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 6 years. 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
NEW ENGLAND'S LEADING THEATRE AND SCHOOL DEDICATED TO THE ART OF COMEDY AND ALL ITS FORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHOWS/PERFORMANCES - DUE TO THE LOSS OF IMPROVBOSTON'S SPACE IN CENTRAL SQUARE, CAMBRIDGE, IMPROVBOSTON OFFERS SHOWS THROUGH MULTIPLE RESIDENCIES IN SOMERVILLE, MA; MANCHESTER NH AND ADDITIONAL SHOWS THROUGH OUR TOURING COMPANY. AS PART OF ITS MISSION TO KEEP THESE PERFORMANCES AND WORKSHOPS ACCESSIBLE TO AUDIENCES OF ALL BACKGROUNDS, IMPROVBOSTON CHARGES LOW TICKET PRICES FOR SHOWS AND CLASSES, AND OFFERS A SLIDING SCALE FOR NONPROFITS THROUGH THE TOURING COMPANY.
CLASSES - IMPROVBOSTON'S COMEDY SCHOOL CONTINUES TO OFFER CLASSES THROUGH OUR EXPERIENCED INSTRUCTORS IN IMPROV, STANDUP AND SKETCH COMEDY. FROM OUR DONATION BASED INTRO TO IMPROV TO OUR MULTILEVEL MASTER WORKSHOPS OUR CLASSES OFFER VARIETY AND FLEXIBILITY TO STUDENTS OF ALL LEVELS. AS PART OF OUR MISSION WE KEEP OUR CLASSES REASONABLY PRICED AND OFFER REDUCED TUITION TO THOSE WHO EXPRESS FINANCIAL NEED.
TOURING - THE IMPROVBOSTON NATIONAL TOURING COMPANY PROVIDES PRIVATE SHOWS AND WORKSHOPS FOR CLIENTS ALL OVER THE COUNTRY INCLUDING THEATERS, CORPORATIONS, COLLEGES, SCHOOLS, AND OTHER PRIVATE GROUPS. THE NATIONAL TOURING COMPANY IS MADE UP OF SOME OF THE BEST PROFESSIONAL IMPROVISERS IN THE COUNTRY AND SPECIALIZES IN HIGH QUALITY, CUSTOM COMEDY, AND EXPERIENCES BASED ON THE APPLIED PRINCIPLES OF IMPROV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Garneau Managing Director | Officer | 40 | $57,260 |
Tammi Pirri Day Chair (as Of 2/22) | OfficerTrustee | 1 | $0 |
Kristie Lasalle Chair (unt 2/22)/board Member | OfficerTrustee | 1 | $0 |
Joseph Szafarowicz Treasurer | OfficerTrustee | 1 | $0 |
Margaret Ann Brady Secretary | OfficerTrustee | 1 | $0 |
John Buten Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,202,742 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,212,949 |
| Total Program Service Revenue | $273,727 |
| Investment income | $7 |
| 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 | $1,486,923 |
| 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. | $93,069 |
| Compensation of current officers, directors, key employees. | $83,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,954 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145 |
| Fees for services: Accounting | $29,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,744 |
| Advertising and promotion | $3,283 |
| Office expenses | $12,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,658 |
| Travel | $630 |
| 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 | $987 |
| Insurance | $11,844 |
| All other expenses | $0 |
| Total functional expenses | $660,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $789,778 |
| Savings and temporary cash investments | $39,141 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,075 |
| 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 | $6,124 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,092 |
| Total assets | $852,210 |
| Accounts payable and accrued expenses | $23,696 |
| Grants payable | $0 |
| Deferred revenue | $43,699 |
| 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 | $67,395 |
| Net assets without donor restrictions | $124,637 |
| Net assets with donor restrictions | $660,178 |
| 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 | $852,210 |