United States Institute For Theatre Technology Inc
- Assets
- $4.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Liverpool, NY
- Founding
- 03/1967
- Data as of
- 06/2023
- EIN
- 13-6216921
Organization Overview
United States Institute For Theatre Technology Inc is located in Liverpool, NY. The organization was established in 1967. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, United States Institute For Theatre Technology Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Institute For Theatre Technology 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 06/2023, United States Institute For Theatre Technology Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO ACTIVELY CONNECT PERFORMING ARTS DESIGN AND TECHNOLOGY COMMUNITIES TO ENSURE A VIBRANT DIALOG AMONG PRACTITIONERS, EDUCATORS, AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PART OF THE 2023 ANNUAL CONFERENCE, THE EDUCATION & TRAINING PROGRAM OFFERED MEMBERS AND GUESTS MORE THAN 380 PRESENTATIONS, DEMONSTRATIONS, AND CELEBRATIONS OF WORK BY TOP ARTISTS IN THE FIELD. SEMINARS AND HANDS-ON-TRAININGS WERE PROVIDED IN THEATRE DESIGN, TECHNOLOGY, MANAGEMENT, AND SAFETY. USITT HAS SUCCESSFULLY RETURNED TO OFFERING 4-6 WORKSHOPS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES REGULARLY OUTSIDE OF CONFERENCE WEEK AND NATIONWIDE, INCLUDING RIGGING AND SAFETY TRAININGS AND SYMPOSIA.
ALL OTHER ACCOMPLISHMENTS GRANTS & AWARDS- GIVEN TO INDIVIDUALS TO BE USED FOR THE ENHANCEMENT AND PROMOTION OF THE THREATRE AND FINE ARTS.
USITT ENDED THE FISCAL YEAR WITH MORE MEMBERS SINCE BEFORE THE PANDEMIC, UP APPROXIMATELY 500 OVER FY22. FY23 ALSO SAW THE MOST PROFESSIONAL (INDIVIDUAL MEMBER CATEGORY) AND THE MOST CONTRIBUTING (TOP ORGANIZATIONAL CATEGORY) MEMBERS IN THE ORGANIZATION'S HISTORY. APPROXIMATELY 85% OF PAID ATTENDEES AT USITT23 IN ST. LOUIS WERE ASSOCIATION MEMBERS AND 866 MEMBERSHIPS WERE PURCHASED WITH USITT23 REGISTRATION.
THE MARKETING AND PROMOTION OF THE 2023 ANNUAL CONFERENCE & STAGE EXPO RESULTED IN THE REGISTRATION OF 4,790 PERSONS, INCLUDING A RECORD 1,772 FIRST TIME ATTENDEES. THE STAGE EXPO SHOWCASED THE WORLD OF LIVE ENTERTAINMENT DESIGN AND TECHNOLOGY WITH MORE THAN 284 EXHIBITORS OF THE LATEST PRODUCTS AND SERVICES FOR CREATING LIVE SHOWS. INCORPORATING INNOVATIVE RECRUITING STRATEGIES WAS A PRIMARY FOCUS OF OUR CONFERENCE IN 2023, REFLECTING THE KEY PRIORITIES OF OUR EXHIBITORS. WE INTRODUCED A NEW INITIATIVE THAT PROVIDED KIOSKS, ALLOWING ATTENDEES TO UPLOAD THEIR RESUMES USING A QR CODE. THIS ALLOWED EXHIBITORS TO ACCESS A POOL OF JOB SEEKERS, FOSTERING A SEAMLESS CONNECTION BETWEEN TALENT AND OPPORTUNITY. WE ALSO LEVERAGED THE CONFERENCE PLATFORM TO INTRODUCE A DYNAMIC NETWORKING TOOL - SMARTMATCH - EMPOWERING ATTENDEES AND EXHIBITORS TO CONNECT EASILY, INITIATE VALUABLE NETWORKING INTERACTIONS, SCHEDULE APPOINTMENTS, AND EVEN CONDUCT INTERVIEWS. THE INCORPORATION OF THESE TECHNOLOGIES NOT ONLY ENHANCED THE CONFERENCE EXPERIENCE BUT ALSO STRENGTHENED OUR COMMITMENT TO FACILITATING MEANINGFUL CONNECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Satter President | OfficerTrustee | 0 | $0 |
Kim Scott Treasurer | OfficerTrustee | 0 | $0 |
Annmarie Duggan VP Members,sections & Chapters | OfficerTrustee | 0 | $0 |
Jim Streeter VP Exhibitions | OfficerTrustee | 0 | $0 |
Autum Casey Director | Trustee | 0 | $0 |
Cary Gillett Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,438 |
| Total Program Service Revenue | $2,897,189 |
| Investment income | $80,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,094 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,153,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $70,325 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $844,261 |
| Pension plan accruals and contributions | $24,499 |
| Other employee benefits | $95,028 |
| Payroll taxes | $62,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,065 |
| Fees for services: Accounting | $18,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,644 |
| Advertising and promotion | $55,269 |
| Office expenses | $67,357 |
| Information technology | $101,246 |
| Royalties | $0 |
| Occupancy | $60,247 |
| Travel | $183,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $942,808 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,270 |
| Insurance | $20,387 |
| All other expenses | $159,814 |
| Total functional expenses | $3,101,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $69,430 |
| Accounts receivable, net | $342,640 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,352 |
| Prepaid expenses and deferred charges | $197,348 |
| Net Land, buildings, and equipment | $17,876 |
| Investments—publicly traded securities | $3,308,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $247,796 |
| Total assets | $4,408,746 |
| Accounts payable and accrued expenses | $207,019 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $823,811 |
| Total liabilities | $1,330,830 |
| Net assets without donor restrictions | $73,547 |
| Net assets with donor restrictions | $3,004,369 |
| 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 | $4,408,746 |