Goodspeed Opera House Foundation Inc

Organization Overview

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Clifton Larson Allen Llp
Accounting
$159,415
Capacity Interactive Inc
Marketing Consultant
$127,833
View All Vendors

Financial Statements

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

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