Potomac Theatre Project Inc
- Assets
- $51.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 15
- Location
- Middlebury, VT
- Founding
- 12/1978
- Data as of
- 12/2023
- EIN
- 13-2960856
Organization Overview
Potomac Theatre Project Inc is located in Middlebury, VT. The organization was established in 1978. 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, Potomac Theatre Project Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Theatre Project 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, Potomac Theatre Project Inc generated $582.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (49.2%) each year. All expenses for the organization totaled $5.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE THEATRICAL ARTS THROUGH READINGS AND PROMOTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Romagnoli Dir/president | 10 | $0 | |
Cheryl Faraone Sec/treas | 15 | $0 | |
James A Petosa Vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $332 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $582 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $257 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,698 |
| Total expenses | $5,155 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,259 |
| Other assets | $0 |
| Total assets | $51,259 |
| Total liabilities | $23,861 |
| Net assets or fund balances | $27,398 |