Wang Theatre Inc
- Assets
- $19.3m
- Revenue
- $33.5m
- Investments
- $0.0
- Employees
- 404
- Location
- Boston, MA
- Founding
- 05/1997
- Data as of
- 05/2023
- EIN
- 04-3317597
Organization Overview
Wang 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, Wang Theatre Inc employed 404 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wang 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, Wang Theatre Inc generated $33.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $32.2m during the year ending 05/2023. While expenses have increased by 5.6% 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
TO PROVIDE ARTS PROGRAMMING TO THE GENERAL PUBLIC AND PRESERVATION OF THE WANG THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF VARIOUS FORMS OF PERFORMING ARTS TO THE GENERAL PUBLIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josiah A Spaulding Jr Trustee/president & CEO | OfficerTrustee | 12 | $0 |
Michael Szczepkowski Vice President & Gm | Officer | 32 | $0 |
John F Perkins CFO | Officer | 16 | $0 |
Sue Pekock Cao, Dev. & Ins. Marketing | Officer | 0 | $0 |
Brian Gale VP Of Booking & Event Mktg | Officer | 32 | $0 |
Lisa Muise Controller | 16 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wci Corp General Contractor | 5/30/23 | $1,070,939 |
Guardian Security & Protection Security Services | 5/30/23 | $514,312 |
Daktronics Inc Led Digital Sign Contractor | 5/30/23 | $501,636 |
Atlantic Elevator Service Elevator Contractor | 5/30/23 | $230,365 |
Cleanco Maintenance Corp Facility Cleaning | 5/30/23 | $213,853 |
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 | $33,226,577 |
| Investment income | $25,154 |
| 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 | $33,499,157 |
| 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. | $534,316 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,553,005 |
| Pension plan accruals and contributions | $334,786 |
| Other employee benefits | $384,031 |
| Payroll taxes | $397,074 |
| Fees for services: Management | $859,304 |
| Fees for services: Legal | $59,641 |
| Fees for services: Accounting | $43,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,259 |
| Advertising and promotion | $1,025,840 |
| Office expenses | $50,601 |
| Information technology | $73,347 |
| Royalties | $0 |
| Occupancy | $940,684 |
| Travel | $5,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,908 |
| Interest | $2,071 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $784,413 |
| Insurance | $288,975 |
| All other expenses | $221,627 |
| Total functional expenses | $32,186,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,878,495 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $284,423 |
| 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 | $334,748 |
| Net Land, buildings, and equipment | $9,944,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,846,387 |
| Total assets | $19,289,048 |
| Accounts payable and accrued expenses | $974,424 |
| Grants payable | $0 |
| Deferred revenue | $4,268,164 |
| 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 | $161,749 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,680,118 |
| Total liabilities | $16,084,455 |
| Net assets without donor restrictions | $3,204,593 |
| 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 | $19,289,048 |