Theaterworks Inc
- Assets
- $6.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 78
- Location
- Hartford, CT
- Founding
- 02/1987
- Data as of
- 08/2022
- EIN
- 06-1172413
Organization Overview
Theaterworks Inc is located in Hartford, CT. The organization was established in 1987. 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 08/2022, Theaterworks Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theaterworks 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 08/2022, Theaterworks Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.9m during the year ending 08/2022. 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
OUR MISSION IS TO PRODUCE HIGH QUALITY, CONTEMPORARY THEATER THAT IS RELEVANT TO OUR AUDIENCE, ENGAGES A DIVERSE COMMUNITY, AND PROVIDES INSIGHT INTO THE HUMAN EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY'S ARTISTIC QUALITY AND RECORD OF ACHIEVEMENT ARE EMBODIED IN ITS HISTORY OF GROWTH AND ACCOMPLISHMENT. THE THEATER RETURNED TO INDOOR IN-PERSON PERFORMANCES AS FY22 BEGAN. ITS SEASON WAS PROGRAMMED WITH 4 PRODUCTIONS TO MAKE UP A SUBSCRIPTION PACKAGE, A HOLIDAY SHOW, AND A NEW WORKS FESTIVAL THAT INCLUDED 4 ONE-WEEK WORKSHOPS FOR VIRTUAL VIEWING. TWH SOLD 1,700 SUBSCRIPTIONS/MEMBERSHIPS FOR THE 21-22 SEASON. VIRTUAL MEMBERSHIPS WERE AVAILABLE FOR $99 WHILE SUBSCRIPTIONS FOR THE IN-PERSON PRODUCTIONS RANGED IN PRICE FROM $175 TO $250.
AT THE START OF THE SEASON (SEPT 2021) STUDENTS WERE STILL UNABLE TO RETURN TO IN-PERSON VIEWING OF SHOWS. WE CONTINUED TO OFFER VIRTUAL VIEWING THROUGHOUT THE SEASON. BY MARCH 2022 HIGH SCHOOLS WERE TILL UNABLE TO ATTEND IN-PERSON. HOWEVER, SOME COLLEGES AND UNIVERSITIES DID ATTEND. ADDITIONALLY, INTERNSHIPS RESUMED IN DECEMBER 2021, AND THE THEATER CONTINUES TO OFFER A SUMMER APPRENTICESHIP PROGRAM. THIS YEAR THE PROGRAM RAN FROM JUNE 27, 2022 THROUGH AUGUST 5, 2022. APPRENTICES WORKED WITH THE PRODUCTION DEPARTMENT LEARNING THEATER TECH SKILLS (BUILDING SETS, HANGING LIGHTS, RUNNING SOUND) AND WERE PART OF THE PRODUCTION CREW FOR THE SUMMER PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Ruggiero Artistic Director | Officer | 40 | $116,940 |
Stacy Brusa Interim Secretary | OfficerTrustee | 1 | $0 |
Gerry Lupacchino Past President | OfficerTrustee | 1 | $0 |
Daniel O'connell Treasurer | OfficerTrustee | 1 | $0 |
Dina Plapler President | OfficerTrustee | 1 | $0 |
Evan H Johnson Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $702,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $874,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,577,312 |
| Total Program Service Revenue | $621,476 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,261 |
| 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 | $2,300,522 |
| 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. | $116,940 |
| Compensation of current officers, directors, key employees. | $94,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $982,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $249,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,121 |
| Advertising and promotion | $28,491 |
| Office expenses | $504,015 |
| Information technology | $37,163 |
| Royalties | $0 |
| Occupancy | $114,338 |
| Travel | $27,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,290 |
| Interest | $73,825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $454,761 |
| Insurance | $25,993 |
| All other expenses | $3,532 |
| Total functional expenses | $2,882,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $754,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $477,147 |
| 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 | $36,179 |
| Net Land, buildings, and equipment | $5,639,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,309 |
| Total assets | $6,924,717 |
| Accounts payable and accrued expenses | $79,282 |
| Grants payable | $0 |
| Deferred revenue | $309,803 |
| 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 | $159,538 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $548,623 |
| Net assets without donor restrictions | $6,119,931 |
| Net assets with donor restrictions | $256,163 |
| 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 | $6,924,717 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Theaterworks Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Edward C And Ann T Roberts Foundation Inc West Hartford, CT PURPOSE: FUNDING TO SUPPORT FUN HOME | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |