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 12/2022, Good Theater Inc employed 60 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 12/2022, Good Theater Inc generated $453.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $549.9k during the year ending 12/2022. 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
2022
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
GOOD THEATER HAD A VERY BUSY 2022 PRODUCING FIVE MAIN STAGE PRODUCTIONS AND TWO SPECIAL EVENTS. THE YEAR BEGAN WITH AN OUTBREAK OF THE OMICRON VARIANT OF COVID, CAUSING THE COMPANY TO DELAY THE OPENING OF THE FIRST TWO EVENTS. SOME JUGGLING AND RESCHEDULING ALLOWED FOR ALL OF THE ANNOUNCED SHOWS TO BE PRODUCED, BUT SCHEDULES WERE SHUFFLED TO ACCOMMODATE THE DELAYS. THE FIRST MAIN STAGE SHOW WAS THE REGIONAL THEATER PREMIERE OF THE RECENT OFF-BROADWAY HIT, HARRY TOWNSEND'S LAST STAND. THIS TWO-CHARACTER PLAY ABOUT AGING DELIGHTED AUDIENCES. THE AUTHOR OF THE PLAY, GEORGE EASTMAN, ATTENDED THE FIRST TWO PERFORMANCES AND WAS VERY SUPPORTIVE OF THE PRODUCTION. BROADWAY GOES POP WAS A MUSICAL REVUE WITH FOUR SINGERS AND A SMALL BAND FEATURING SONGS FROM ROCK INFUSED BROADWAY SHOWS. THE PRODUCTION WAS TAPED AND RELEASED ONLINE. MEN: THINGS THAT GO BUMP IN THE NIGHT WAS A REMOUNTING OF ONE OF OUR SECOND STAGE PRODUCTIONS. IT WAS ALSO TAPED AND RELEASED ONLINE. SIGNIFICANT OTHER BY JOSHUA HARMON WAS A MAINE PREMIERE. THE SHOW WAS THE BEST ATTENDED PRODUCTION SINCE REOPENING FROM THE COVID SHUT DOWN. IT FEATURED A YOUNG CAST AND PATRONS LOVED THE PRODUCTION. WE CLOSED OUR 19TH SEASON WITH DESPERATE MEASURES, A MUSICAL, THAT WAS INTENDED TO OPEN IN SPRING OF 2019 JUST BEFORE COVID FORCED EVERYTHING TO CLOSE. THIS JOYOUS, FUNNY, FEEL GOOD SHOW WAS A BRIGHT SPOT AND ALSO SOLD VERY WELL. AFTER A QUIET SUMMER, THE COMPANY BEGAN IN THE FALL OF 2022 WITH ITS 20TH ANNIVERSARY SEASON. THE OPENING PRODUCTION WAS THE LIFESPAN OF A FACT IN ITS MAINE PREMIERE. THIS RECENT BROADWAY HIT DID NOT ATTRACT AS MANY AUDIENCES AS HOPED FOR; HOWEVER, PATRONS WHO DID ATTEND WERE FASCINATED BY THE INTRIGUE OF THE STORY LINE THAT LEFT AUDIENCES ASKING THE QUESTION, "DID THEY PUBLISH THE ARTICLE OR DID THEY NOT?" THE FINAL SHOW OF 2022 WAS THE MOST AMBITIOUS SHOW IN GOOD THEATER'S HISTORY, CAROUSEL. THIS CLASSIC FROM RODGERS & HAMMERSTEIN WAS PRESENTED WITH THE GLORIOUS TWIN PIANO ARRANGEMENT AND 17 ACTORS. REVIEWS WERE STELLAR AND THE SHOW WAS A SELL-OUT. THE FIRST TIME SINCE COVID THE COMPANY HAD EXPERIENCED SOLD OUT PERFORMANCES. THE COMPANY HAD MANDATORY FACE MASKING FOR THE SHOW IN THE EARLY PART OF 2022. FOR THE FALL, THE COMPANY ADOPTED A POLICY OF OPTIONAL FACE MASKING FOR WEDNESDAY, FRIDAY AND SATURDAY PERFORMANCES WITH MANDATORY MASKING FOR THURSDAY EVENINGS AND SUNDAY MATINEES. THIS POLICY WAS ADOPTED BY SEVERAL OTHER THEATER COMPANIES IN THE AREA, AND IT PROVED TO BE POPULAR WITH AUDIENCES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Underwood President | OfficerTrustee | 32 | $56,000 |
Jennifer Ceide Director | Trustee | 2 | $0 |
Justin Cote Director | Trustee | 2 | $0 |
Jonathan Edwards Director | Trustee | 2 | $0 |
Jeanne Handy Director | Trustee | 2 | $0 |
Edward Gatta Jr Director | Trustee | 2 | $0 |
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 | $181,567 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $181,567 |
Total Program Service Revenue | $257,799 |
Investment income | $42 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $453,425 |
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. | $112,000 |
Compensation of current officers, directors, key employees. | $28,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $215,195 |
Pension plan accruals and contributions | $12,202 |
Other employee benefits | $11,357 |
Payroll taxes | $25,708 |
Fees for services: Management | $0 |
Fees for services: Legal | $35 |
Fees for services: Accounting | $1,295 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,930 |
Advertising and promotion | $12,971 |
Office expenses | $6,131 |
Information technology | $1,669 |
Royalties | $21,696 |
Occupancy | $60,808 |
Travel | $350 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $180 |
Insurance | $8,681 |
All other expenses | $0 |
Total functional expenses | $549,852 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $77,176 |
Savings and temporary cash investments | $50,101 |
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 | $4,700 |
Net Land, buildings, and equipment | $6,177 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $138,154 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $48,370 |
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 | $48,370 |
Net assets without donor restrictions | $89,784 |
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 | $138,154 |