Ivoryton Playhouse Foundation Inc
- Assets
- $3.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 23
- Location
- Ivoryton, CT
- Founding
- 06/1980
- Data as of
- 12/2021
- EIN
- 06-1020720
Organization Overview
Ivoryton Playhouse Foundation Inc is located in Ivoryton, CT. The organization was established in 1980. 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 12/2021, Ivoryton Playhouse Foundation Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivoryton Playhouse Foundation 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 12/2021, Ivoryton Playhouse Foundation Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $926.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE IVORYTON PLAYHOUSE FOUNDATION WAS FORMED FOR THE PURPOSE OF OWNING, RESTORING, AND OPERATING THE PLAYHOUSE, MAINTAINING ITS CULTURAL, EDUCATIONAL, ENTERTAINMENT, AND SERVICE VALUE TO THE COMMUNITY AT LARGE. THE FOUNDATION IS COMMITTED TO PROVIDING EXCEPTIONAL AND AFFORDABLE THEATRE EXPERIENCES OF HIGH PROFESSIONAL QUALITY TO ENRICH, ENLIGHTEN, EDUCATE, AND ENTERTAIN THE DIVERSE AUDIENCE IN THE SHORELINE REGION AND BEYOND. STRONG EDUCATION AND TRAINING PROGRAMS ARE CENTRAL PARTS OF OUR COMMITMENT TO THE LOCAL AND NATIONAL ARTISTIC COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORE AND OPERATE THE IVORYTON PLAYHOUSE, MAINTAINING ITS CULTURAL, EDUCATIONAL, ENTERTAINMENT, AND SERVICE VALUE TO THE COMMUNITY AT LARGE. THE FOUNDATION PROVIDES EXCEPTIONAL AND AFFORDABLE THEATER EXPERIENCES OF HIGH PROFESSIONAL QUALITY TO ENRICH, ENLIGHTEN, EDUCATE, AND ENTERTAIN THE DIVERSE AUDIENCE IN THE SHORELINE REGION AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Hubbard Executive Di | Trustee | 40 | $54,338 |
Al Jaffe President | OfficerTrustee | 8 | $0 |
Norman Needleman Treasurer | OfficerTrustee | 8 | $0 |
Susan Origlia Secretary | OfficerTrustee | 4 | $0 |
Bonnie Stone Vice Preside | OfficerTrustee | 3 | $0 |
Carly Callahan Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $162,068 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $580,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,068,517 |
| Total Program Service Revenue | $435,595 |
| Investment income | $24,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,528,092 |
| 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 | $430,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,242 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,979 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,690 |
| Insurance | $15,657 |
| All other expenses | $129,896 |
| Total functional expenses | $926,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,714,239 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $6,979 |
| Net Land, buildings, and equipment | $676,700 |
| Investments—publicly traded securities | $1,415,751 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,006 |
| Other assets | $0 |
| Total assets | $3,815,675 |
| Accounts payable and accrued expenses | $6,257 |
| Grants payable | $0 |
| Deferred revenue | $323,655 |
| 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 | $195,995 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $525,907 |
| Net assets without donor restrictions | $2,238,675 |
| Net assets with donor restrictions | $1,051,093 |
| 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 | $3,815,675 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Ivoryton Playhouse Foundation Inc has recieved totaling $33,198.
| Awarding Organization | Amount |
|---|---|
Robert P & Patricia J Bauman Family Foundation Inc Stuart, FL PURPOSE: CHARITABLE - CULTURAL SERVICES (1ST & 2ND OF 5 YEAR) | $20,000 |
Max Showalter Foundation Inc Essex, CT PURPOSE: MUSICAL THEATRE PROGRAM | $5,000 |
Chester Kitchings Family Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $5,000 |
Fischbach Foundation Deep River, CT PURPOSE: GENERAL USE | $1,000 |
Edward E Hood Jr Foundation Stamford, CT PURPOSE: GENERAL CHARITABLE | $500 |
Louis F And Mary A Tagliatela Foundation Inc New Haven, CT PURPOSE: TO ACCOMPLISH CHARITABLE PURPOSE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |