Tremont Theatre Inc
- Assets
- $5.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 252
- Location
- Boston, MA
- Founding
- 05/1997
- Data as of
- 05/2023
- EIN
- 04-3317590
Organization Overview
Tremont Theatre Inc is located in Boston, MA. The organization was established in 1997. 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 05/2023, Tremont Theatre Inc employed 252 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tremont 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 05/2023, Tremont Theatre Inc generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $4.9m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ARTS PROGRAMMING TO THE GENERAL PUBLIC AND PRESERVATION OF THE SHUBERT THEATRE.
Describe the Organization's Program Activity:
PRESENTATION OF VARIOUS FORMS OF PERFORMING ARTS TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josiah A Spaulding Jr Trustee/president & CEO | OfficerTrustee | 7 | $0 |
Michael Szczepkowski Vice President & Gen Mgr | Officer | 8 | $0 |
John F Perkins CFO | Officer | 14 | $0 |
Sue Pekock Cao, Dev. & Inst. Marketing | Officer | 0 | $0 |
Brian Gale VP Of Booking & Event Mktg | Officer | 8 | $0 |
Corey Evans VP & Sr. Dir. Of Education | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Automation & Mechanical Servic Hvac Contractor | 5/30/23 | $167,000 |
Guardian Security And Protection Llc Security Services | 5/30/23 | $112,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,802,037 |
| Investment income | $2,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$293,484 |
| 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 | $3,510,815 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $370,665 |
| Pension plan accruals and contributions | $48,908 |
| Other employee benefits | $42,762 |
| Payroll taxes | $76,405 |
| Fees for services: Management | $897,785 |
| Fees for services: Legal | $18,730 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,469 |
| Advertising and promotion | $141,712 |
| Office expenses | $9,485 |
| Information technology | $17,755 |
| Royalties | $0 |
| Occupancy | $231,271 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,265 |
| Insurance | $79,369 |
| All other expenses | $18,680 |
| Total functional expenses | $4,878,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,234,646 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,293 |
| 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 | $118,029 |
| Net Land, buildings, and equipment | $3,264,742 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $994,957 |
| Total assets | $5,643,667 |
| Accounts payable and accrued expenses | $128,608 |
| Grants payable | $0 |
| Deferred revenue | $1,219,155 |
| 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 | $79,652 |
| Other liabilities | $9,430,732 |
| Total liabilities | $10,858,147 |
| Net assets without donor restrictions | -$5,214,480 |
| Net assets with donor restrictions | $0 |
| 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 | $5,643,667 |