Kitchen Theatre Company Inc
- Assets
- $1.6m
- Revenue
- $715.2k
- Investments
- $0.0
- Employees
- 64
- Location
- Ithaca, NY
- Founding
- 12/1996
- Data as of
- 06/2022
- EIN
- 16-1443072
Organization Overview
Kitchen Theatre Company Inc is located in Ithaca, NY. The organization was established in 1996. 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 06/2022, Kitchen Theatre Company Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kitchen Theatre Company 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 06/2022, Kitchen Theatre Company Inc generated $715.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $913.5k during the year ending 06/2022. 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
IN ITS INTIMATE PERFORMANCE SPACE, THE KITCHEN THEATRE COMPANY (KTC) CREATES PROFESSIONAL THEATRE THAT CHALLENGES THE INTELLECT, EXCITES THE IMAGINATION, INFORMS AND ENTERTAINS. KTC NURTURES A COMMUNITY OF DIVERSE ARTISTS AND BRINGS EXCELLENT ART TO THE COMMUNITY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KITCHEN THEATRE BRINGS EXCELLENT ART TO THE COMMUNITY AND NURTURES A COMMUNITY OF DIVERSE ARTISTS. THE KITCHEN THEATRE SERVES THE ARTISTIC COMMUNITY BY OFFERING THEM A CHANCE TO PERFORM, DIRECT, DESIGN, WRITE AND CREATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Bradshaw Artistic Director | Officer | 40 | $66,700 |
Cary Bland Simpson Managing Director | Officer | 45 | $62,000 |
Justin Karr Co-Secretary | OfficerTrustee | 1 | $0 |
Michele Mitrani Co-Secretary | OfficerTrustee | 1 | $0 |
Michelle Benedict Treasurer | OfficerTrustee | 2.5 | $0 |
Karl Gregory Co-Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $265,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,474 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,204 |
| Total Program Service Revenue | $183,499 |
| Investment income | $1,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,563 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $715,156 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,042 |
| Office expenses | $6,461 |
| Information technology | $6,399 |
| Royalties | $11,132 |
| Occupancy | $65,451 |
| Travel | $15,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,930 |
| Insurance | $35,865 |
| All other expenses | $39,623 |
| Total functional expenses | $913,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,301 |
| Savings and temporary cash investments | $213,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,182 |
| 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 | $8,276 |
| Net Land, buildings, and equipment | $1,211,803 |
| Investments—publicly traded securities | $84,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,994 |
| Total assets | $1,602,401 |
| Accounts payable and accrued expenses | $24,443 |
| Grants payable | $0 |
| Deferred revenue | $9,357 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,200 |
| Secured mortgages and notes payable | $189,032 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $224,032 |
| Net assets without donor restrictions | $1,353,369 |
| Net assets with donor restrictions | $25,000 |
| 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 | $1,602,401 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Kitchen Theatre Company Inc has recieved totaling $104,624.
| Awarding Organization | Amount |
|---|---|
Percy Edwards Browning Foundation Inc Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $60,000 |
Park Foundation Inc Ithaca, NY PURPOSE: WEST END COMMUNITY-CENTERED OUTDOOR PERFORMANCE VENUE | $15,000 |
Foundation For Jewish Philanthropies Getzville, NY PURPOSE: GENERAL PURPOSES | $10,000 |
Community Foundation Of Tompkins County Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $8,200 |
Tompkins Charitable Gift Fund Inc Ithaca, NY PURPOSE: FURTHERANCE OF TAX EXEMPT PURPOSE | $6,400 |
The Riley Family Foundation Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $50,000 |
| Ending Balance | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |