Goodspeed Opera House Foundation Inc is located in East Haddam, CT. The organization was established in 1961. 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 12/2023, Goodspeed Opera House Foundation Inc employed 432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodspeed Opera House 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 12/2023, Goodspeed Opera House Foundation Inc generated $12.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $13.8m during the year ending 12/2023. 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 SHARE THE JOY OF MUSICAL THEATRE; TO DELIGHT, INSPIRE, AND CHALLENGE AUDIENCES; TO NURTURE CREATORS; AND TO BUILD AND SUPPORT A BROAD, DIVERSE, AND INCLUSIVE COMMUNITY.
Describe the Organization's Program Activity:
GOODSPEED MUSICALS' MISSION IS TO SHARE THE JOY OF MUSICAL THEATRE; TO DELIGHT, INSPIRE, AND CHALLENGE AUDIENCES; TO NURTURE CREATORS; AND TO BUILD AND SUPPORT A BROAD, DIVERSE, AND INCLUSIVE COMMUNITY. DEVELOPING NEW MUSICALS AND BUILDING THE FUTURE OF THE ART FORM ARE AT THE CORE OF WHAT MAKES GOODSPEED THE "HOME OF THE AMERICAN MUSICAL." OUR LONG HISTORY OF PRODUCING NEW WORKS AND OUR APPROACH TO NEW MUSICAL DEVELOPMENT IS TRIED AND TRUE. GOODSPEED'S JANUARY - DECEMBER SEASON CELEBRATES ALL FACETS OF MUSICAL THEATRE. WE PRODUCE MULTIPLE MUSICALS - NEW WORKS AND RE-IMAGINED CLASSICS AT OUR HISTORIC GOODSPEED OPERA HOUSE, AN INTIMATE 398-SEAT VICTORIAN-STYLE THEATRE. WE HAVE A LONG HISTORY OF PRODUCING PRIMARILY NEW WORKS ON OUR SECOND STAGE, THE TERRIS THEATRE IN NEARBY CHESTER, CT. IN THE 2023 SEASON, WE PRODUCED THE FOLLOWING PROGRAMS: . IN JANUARY WE HOSTED THE 17TH FESTIVAL OF NEW MUSICALS. . THE JOHNNY MERCER FOUNDATION (JMF) WRITERS GROVE TOOK PLACE IN FEBRUARY AND MARCH. . CONTINUED DEVELOPMENT OF OUR FIRST TWO GOODWORKS COMMISSIONS THROUGH READINGS AND WORKSHOPS. . GOODSPEED'S 2023 SEASON BEGAN ON FRIDAY, APRIL 5TH, KICKING OFF WITH THE TONY-AWARD WINNING MUSICAL "GYPSY". IN THE SUMMER, THE NEW MUSICALS "SUMMER STOCK"THE 12" FOLLOWED. WE CLOSED THE SEASON WITH A HOLIDAY PRODUCTION OF "DREAMGIRLS". . WE RE-OPENED OUR 2ND STAGE TERRIS THEATRE FOR THE FIRST TIME POST-PANDEMIC WITH THE DEVELOPMENT OF TWO NEW MUSICALS; "HERE YOU COME AGAIN"PRIVATE JONES". . GOODSPEED'S ARTS EDUCATION COLLABORATION PROGRAM ENGAGED APPROXIMATELY 1100 STUDENTS, WHO ATTEND UNDERSERVED SCHOOLS IN COMMUNITIES ACROSS THE STATE OF CONNECTICUT, IN THE CREATIVE PROCESS OF MUSICAL THEATRE.
MISCELLANEOUS REVENUE EARNED BY THE ORGANIZATION FOR ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Byrd Managing Dir., Thru 9/24 | OfficerTrustee | 40 | $195,075 |
Donna Lynn Cooper Hilton Artistic Director | OfficerTrustee | 40 | $194,034 |
Frank Stilwagner Director Of Development | 40 | $113,056 | |
Daniel Mcmahon Director Of Marketing | 40 | $117,555 | |
Adam Souza Resident Music Director | 40 | $100,074 | |
John F Wolter Chairman | OfficerTrustee | 10 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Clifton Larson Allen Llp Accounting | 12/30/23 | $159,415 |
Capacity Interactive Inc Marketing Consultant | 12/30/23 | $127,833 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,321,585 |
Fundraising events | $242,892 |
Related organizations | $0 |
Government grants | $753,446 |
All other contributions, gifts, grants, and similar amounts not included above | $1,301,627 |
Noncash contributions included in lines 1a–1f | $78,839 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,619,550 |
Total Program Service Revenue | $7,732,802 |
Investment income | $619,413 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $193,618 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$91,749 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,089,132 |
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. | $408,577 |
Compensation of current officers, directors, key employees. | $99,316 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,060,468 |
Pension plan accruals and contributions | $415,719 |
Other employee benefits | $422,472 |
Payroll taxes | $467,155 |
Fees for services: Management | $0 |
Fees for services: Legal | $84,970 |
Fees for services: Accounting | $74,504 |
Fees for services: Lobbying | $4,000 |
Fees for services: Fundraising | $7,255 |
Fees for services: Investment Management | $29,731 |
Fees for services: Other | $403,455 |
Advertising and promotion | $814,134 |
Office expenses | $52,791 |
Information technology | $69,297 |
Royalties | $159,337 |
Occupancy | $803,135 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $435,586 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $495,261 |
Insurance | $384,868 |
All other expenses | $373,228 |
Total functional expenses | $13,840,273 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $85,937 |
Savings and temporary cash investments | $621,114 |
Pledges and grants receivable | $400,240 |
Accounts receivable, net | $123,413 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $82,172 |
Prepaid expenses and deferred charges | $305,094 |
Net Land, buildings, and equipment | $10,011,480 |
Investments—publicly traded securities | $20,371,585 |
Investments—other securities | $641,051 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $32,642,086 |
Accounts payable and accrued expenses | $758,741 |
Grants payable | $0 |
Deferred revenue | $1,303,088 |
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 | $150,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,462,541 |
Total liabilities | $3,674,370 |
Net assets without donor restrictions | $21,386,836 |
Net assets with donor restrictions | $7,580,880 |
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 | $32,642,086 |