Good Theater Inc
- Assets
- $186.2k
- Revenue
- $344.3k
- Investments
- $0.0
- Employees
- 30
- Location
- Cape Elizabeth, ME
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 14-1846766
Organization Overview
Good Theater Inc is located in Cape Elizabeth, ME. The organization was established in 2003. 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 12/2021, Good Theater Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Theater 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 12/2021, Good Theater Inc generated $344.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $333.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS PRIMARY PURPOSE IS TO EDUCATE THE GENERAL PUBLIC BY PRESENTING THEATRICAL PRODUCTIONS INTENDED TO FOSTER APPRECIATION OF THE THEATER AND PERFORMING ARTS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BEGINNING OF THE YEAR, GOOD THEATER WAS CLOSED DUE TO COVID. THE COMPANY DID PRODUCE A CONCERT FOR STREAMING. THE CONCERT WAS TAPED OVER A SERIES OF DAYS IN THE THEATER SPACE WITH NO AUDIENCE. THIS FREE CONCERT RECEIVED MORE THAN 1,000 VIEWS WITH MANY OF THE INDIVIDUAL NUMBERS RECEIVING HUNDREDS MORE VIEWS. BY LATE SPRING THE COMPANY DETERMINED THERE WOULD BE A SEASON STARTING IN THE FALL. SHOWS WERE SELECTED, STAFF WAS HIRED, ACTORS WERE CAST. THE SEASON BEGAN IN OCTOBER WITH THE WORLD PREMIERE OF JANE AUSTEN'S LADY SUSAN. THE PLAYWRIGHT WAS IN RESIDENCE. THE SHOW RECEIVED RAVE REVIEWS AND WAS PUBLISHED BY SAMUEL FRENCH WITH OUR PRODUCTION LISTED AS THE PREMIERE PRODUCTION. THE PLAY WAS VIDEOTAPED AND AVAILABLE FOR A LIMITED TIME FOR STREAMING, BEHIND A PAYWALL, WHICH PROVED TO BE DISAPPOINTING WITH ONLY 100 HOUSEHOLDS VIEWING THE PLAY. FOLLOWING JANE AUSTEN'S LADY SUSAN, THE COMPANY'S ANNUAL BROADWAY AT GOOD THEATER EVENT WAS A TRIBUTE TO THE BROADWAY OF THE 1990S. TWO GUEST STARS JOINED A CAST OF A DOZEN LOCAL PERFORMERS FOR SIX CONCERTS. THIS EVENT WAS TAPED AND AVAILABLE FOR FREE STREAMING. IMMEDIATELY AFTER BROADWAY AT GOOD THEATER, A REVIVAL OF WHO'S HOLIDAY OPENED FOR A SPLIT WEEK ENGAGEMENT PERFORMING FOR TWO WEEKS, THEN TAKING A COUPLE WEEKS OFF WHILE OTHER EVENTS HAPPENED IN THE SPACE, RETURNING FOR CHRISTMAS WEEK AND NEW YEAR'S WEEK. THIS SHOW WAS TAPED FOR STREAMING AND BEHIND A PAYWALL. THE NUMBER OF VIEWS WAS VERY DISAPPOINTING, EVEN LESS THAN LADY SUSAN. ATTENDANCE WAS LOWER THAN IN PREVIOUS YEARS, AS PATRONS HAVE BEEN SLOW TO RETURN TO REGULAR THEATER ATTENDANCE. THERE WERE NO OUTBREAKS OF COVID AMONG THOSE AT THE THEATER AND NO PERFORMANCES WERE CANCELED BECAUSE OF COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Underwood President | OfficerTrustee | 32 | $53,250 |
Jeannine Lefevre Secretary | OfficerTrustee | 2 | $0 |
Richard Trub Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Ceide Director | Trustee | 2 | $0 |
Justin Cote Director | Trustee | 2 | $0 |
Jonathan Edwards Director | Trustee | 2 | $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 | $175,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,547 |
| Total Program Service Revenue | $154,927 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,244 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $344,339 |
| 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. | $106,500 |
| Compensation of current officers, directors, key employees. | $26,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,607 |
| Pension plan accruals and contributions | $3,211 |
| Other employee benefits | $21,977 |
| Payroll taxes | $15,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $647 |
| Fees for services: Accounting | $1,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,187 |
| Advertising and promotion | $15,241 |
| Office expenses | $2,224 |
| Information technology | $1,006 |
| Royalties | $6,083 |
| Occupancy | $43,683 |
| Travel | $902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179 |
| Insurance | $3,386 |
| All other expenses | $441 |
| Total functional expenses | $333,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,980 |
| Savings and temporary cash investments | $50,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,815 |
| Net Land, buildings, and equipment | $6,357 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $186,211 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $186,211 |
| Net assets with donor restrictions | $0 |
| 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 | $186,211 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Good Theater Inc has recieved totaling $16,350.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Theater | $16,300 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine State Music Theatre Brunswick, ME | $9,197,603 | $6,493,645 |
Capitol Center For The Arts Concord, NH | $13,056,892 | $5,892,075 |
New London Barn Playhouse Inc New London, NH | $7,309,403 | $2,095,434 |
Portland Stage Company Inc Portland, ME | $6,688,125 | $2,598,940 |
Seacoast Repertory Theatre Portsmouth, NH | $1,191,303 | $2,253,982 |
Penobscot Theatre Company Bangor, ME | $3,641,212 | $2,578,717 |
Lebanon Opera House Improvement Corporation Lebanon, NH | $2,023,821 | $1,823,144 |
Peterborough Players Inc Peterborough, NH | $4,369,183 | $1,738,482 |
Weathervane Theatre Players Inc Whitefield, NH | $1,429,928 | $645,823 |
L A Public Theatre Inc Lewiston, ME | $1,727,487 | $838,662 |
Theater At Monmouth Monmouth, ME | $1,320,073 | $458,729 |
Johnson Hall Inc Gardiner, ME | $650,332 | $692,025 |