Signature Theatre Company
- Assets
- $53.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 395
- Location
- New York, NY
- Founding
- 01/1994
- Data as of
- 06/2023
- EIN
- 13-3641560
Organization Overview
Signature Theatre Company is located in New York, NY. The organization was established in 1994. 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 06/2023, Signature Theatre Company employed 395 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Signature Theatre Company 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 06/2023, Signature Theatre Company generated $7.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $13.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1991 BY THE LATE JAMES HOUGHTON, THE TONY AWARD-WINNING SIGNATURE THEATRE IS LED BY ARTISTIC DIRECTOR PAIGE EVANS AND EXECUTIVE DIRECTOR HAROLD WOLPERT. SIGNATURE FOSTERS A CULTURAL COMMUNITY AT OUR HOME, THE PERSHING SQUARE SIGNATURE CENTER, WELCOMING HUNDREDS OF THOUSANDS OF VISITORS THROUGH OUR DOORS EACH YEAR. OUR 70,000 SQ. FT. FRANK GEHRY-DESIGNED SPACE BOASTS THREE THEATRES AND TWO REHEARSAL ROOMS, INCLUDING THE FORD STUDIO, A FLEXIBLE SPACE THAT CAN BE CONVERTED INTO A 99-SEAT THEATRE AS WELL AS 8,800 SQ. FT OF PUBLIC LOBBY SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTIONS:SIGNATURE THEATRE'S 2022/23 SEASON FEATURED FOUR PRODUCTIONS BY OUR WORLD CLASS, DYNAMIC GROUP OF CELEBRATED WRITERS. OUR SEASON INCLUDED THE WORLD PREMIERE OF QUIARA ALEGRA HUDES' MY BROKEN LANGUAGE, THE OFF-BROADWAY PREMIERE OF SAMUEL D. HUNTER'S A BRIGHT NEW BOISE, THE WORLD PREMIERE OF SARAH RUHL'S LETTERS FROM MAX, A RITUAL, AND THE WORLD PREMIERE OF BRANDEN JACOBS-JENKINS' THE COMEUPPANCE. WE EXPANDED SIGNATURE ACCESS IN OUR 2022/23 SEASON, CONTINUING TO PROVIDE HIGHLY-SUBSIDIZED TICKETS FOR ALL AUDIENCES WHILE ALSO PILOTING NEW MEMBERSHIP PROGRAMS FOR AUDIENCE MEMBERS FROM COMMUNITIES HISTORICALLY UNDERSERVED BY THE ARTS. IN TOTAL, 34,374 AUDIENCE MEMBERS ATTENDED OUR SHOWS LAST SEASON.
SIG SPACE:SIGSPACE BRINGS ARTISTIC PROGRAMMING TO THE CENTER'S PUBLIC SPACES AND SUSTAINS OUR LOBBY AS A FREE PUBLIC WORKSPACE AND SOCIAL HUB FOR NEW YORK CITY RESIDENTS. WORKING WITH A RANGE OF COMMUNITY PARTNERS, SIGSPACE IS A HOME FOR FREE LIVE PERFORMANCES AND EVENTS SUCH AS CONCERTS, WORKS-IN-PROGRESS, STORYTELLING, PANELS, AND CONVERSATIONS. IN THE 2022/23 SEASON, WE HOSTED 44 SIGSPACE EVENTS - RANGING FROM COMEDY NIGHTS TO POETRY READINGS TO SOCIAL HAPPY HOURS - THAT WERE ATTENDED BY A TOTAL OF 1,149 PEOPLE.
EDUCATION:DURING THE 2022/23 SEASON, OUR FREE STUDENT MATINEES OFFERED OVER 900 NEW YORK CITY PUBLIC HIGH SCHOOL STUDENTS THE OPPORTUNITY TO SEE FREE PERFORMANCES OF SELECT SEASON PRODUCTIONS AND ENGAGE WITH THE ARTISTS BEHIND THOSE PRODUCTIONS. WE ALSO CONDUCTED DAY OF PLAY, A FREE FESTIVAL OF WORKSHOPS, MASTERCLASSES, AND PANEL DISCUSSIONS FOR COLLEGE STUDENTS INTERESTED IN PURSUING CAREERS IN THEATER; NEARLY 200 STUDENTS FROM OVER 30 COLLEGES AND UNIVERSITIES ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Norton Chairman | OfficerTrustee | 2 | $0 |
Douglas E Chittenden President | OfficerTrustee | 2 | $0 |
Susan Weiner Treasurer | OfficerTrustee | 2 | $0 |
Timothy J Mcclimon Executive Director | OfficerTrustee | 40 | $138,382 |
Barbara Paige Evans Artistic Director | OfficerTrustee | 40 | $336,536 |
Brenda Aiken Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ready Set Rocket Website And Branding | 6/29/23 | $567,730 |
Impressive Cleaning Custodial Services | 6/29/23 | $332,911 |
The Celeste Group Tim Mcclimon | 6/29/23 | $150,000 |
Creative Floorcovering Inc Floor Repair | 6/29/23 | $127,105 |
Capacity Interactive Consulting Advertising/marketing | 6/29/23 | $106,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,100 |
| Fundraising events | $670,431 |
| Related organizations | $0 |
| Government grants | $239,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,302,589 |
| Noncash contributions included in lines 1a–1f | $3,286 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,316,949 |
| Total Program Service Revenue | $1,215,304 |
| Investment income | $44,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,983 |
| Net Rental Income | $1,442,020 |
| 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 | $1,813 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,236,742 |
| 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. | $672,435 |
| Compensation of current officers, directors, key employees. | $100,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,239,134 |
| Pension plan accruals and contributions | $126,396 |
| Other employee benefits | $573,126 |
| Payroll taxes | $387,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,984 |
| Fees for services: Accounting | $36,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,731 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $852,635 |
| Advertising and promotion | $341,236 |
| Office expenses | $1,179,568 |
| Information technology | $0 |
| Royalties | $5,425 |
| Occupancy | $925,548 |
| Travel | $16,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,931 |
| Interest | $701,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,586,617 |
| Insurance | $140,569 |
| All other expenses | $153,631 |
| Total functional expenses | $13,867,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,297,971 |
| Savings and temporary cash investments | $607,354 |
| Pledges and grants receivable | $8,712,168 |
| Accounts receivable, net | $527,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,753 |
| Prepaid expenses and deferred charges | $109,790 |
| Net Land, buildings, and equipment | $41,817,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,816 |
| Total assets | $53,158,396 |
| Accounts payable and accrued expenses | $860,038 |
| Grants payable | $0 |
| Deferred revenue | $102,739 |
| 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 | $19,298,671 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $20,411,448 |
| Net assets without donor restrictions | $23,031,987 |
| Net assets with donor restrictions | $9,714,961 |
| 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 | $53,158,396 |