Wang Theatre Inc
- Assets
- $18.3m
- Revenue
- $31.4m
- Investments
- $0.0
- Employees
- 305
- Location
- Boston, MA
- Founding
- 05/1997
- Data as of
- 05/2022
- 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 05/2022, Wang Theatre Inc employed 305 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 05/2022, Wang Theatre Inc generated $31.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $23.6m during the year ending 05/2022. While expenses have increased by 1.8% per year over the past 7 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Weld Trustee/chairman | OfficerTrustee | 1 | $0 |
Josiah A Spaulding Jr Trustee/president & CEO | OfficerTrustee | 15 | $0 |
Courtney Wang Trustee/vice Chairman | OfficerTrustee | 1 | $0 |
Gregory White Trustee/vice Chairman | OfficerTrustee | 1 | $0 |
Brian Awe Trustee/clerk | OfficerTrustee | 1 | $0 |
Mark Mchugh Trustee/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wci Corp General Contractor | 5/30/22 | $1,055,753 |
Guardian Security & Protection Security Services | 5/30/22 | $311,723 |
Wilson Butler Architects Architectural Design | 5/30/22 | $181,922 |
Universal Automation & Mechanical Servic Hvac Contractor | 5/30/22 | $155,465 |
Robert W Irvine & Sons Inc Hvac Contractor | 5/30/22 | $103,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,157,767 |
| 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 | $10,157,767 |
| Total Program Service Revenue | $21,029,586 |
| Investment income | $562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,456 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,405,491 |
| 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. | $539,588 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,884,052 |
| Pension plan accruals and contributions | $274,985 |
| Other employee benefits | $362,420 |
| Payroll taxes | $378,498 |
| Fees for services: Management | $801,714 |
| Fees for services: Legal | $11,683 |
| Fees for services: Accounting | $46,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,612 |
| Advertising and promotion | $1,108,228 |
| Office expenses | $30,374 |
| Information technology | $102,353 |
| Royalties | $0 |
| Occupancy | $895,181 |
| Travel | $1,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,399 |
| Interest | $8,058 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $781,432 |
| Insurance | $203,166 |
| All other expenses | $258,974 |
| Total functional expenses | $23,611,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,667,777 |
| Savings and temporary cash investments | $1,051,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $528,484 |
| 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 | $394,691 |
| Net Land, buildings, and equipment | $9,633,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,276,113 |
| Accounts payable and accrued expenses | $1,056,343 |
| Grants payable | $0 |
| Deferred revenue | $5,483,478 |
| 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 | $246,501 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,597,630 |
| Total liabilities | $16,383,952 |
| Net assets without donor restrictions | $1,892,161 |
| 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 | $18,276,113 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Providence Performing Arts Center Providence, RI | $61,822,286 | $33,498,809 |
Wang Theatre Inc Boston, MA | $18,276,113 | $31,405,491 |
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 |