The Contemporary Theater
- Assets
- $1.3m
- Revenue
- $515.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Wakefield, RI
- Founding
- 07/2009
- Data as of
- 12/2023
- EIN
- 20-4955082
Organization Overview
The Contemporary Theater is located in Wakefield, RI. The organization was established in 2009. 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 12/2023, Contemporary Theater employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Contemporary Theater 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 12/2023, Contemporary Theater generated $515.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $575.6k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 9 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 PROVIDE OPPORTUNITIES FOR THE COMMUNITY TO CREATE AND EXPERIENCE LIVE PERFORMANCES IN WAYS FOR ALL TO BE PROUD OF AND ENJOY ALONG WITH EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY PERFORMED VARIOUS THEATRICAL PRODUCTIONS, AS WELL AS A VARIETY OF EDUCATIONAL PROGRAMS FOR YOUTH AND ADULTS CENTERED ON THEATER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Simpson Executive Director | Officer | 40 | $13,680 |
Margaret Cady General Manager | Officer | 40 | $45,920 |
Ryan Sekac President | Officer | 2 | $0 |
Becca Vigeant Vice-President | Officer | 2 | $0 |
Paul Kassabian Secretary | Officer | 2 | $0 |
Noel Simpson Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,827 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,261 |
| Total Program Service Revenue | $318,693 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,452 |
| 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 | $29,043 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,547 |
| 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. | $59,600 |
| Compensation of current officers, directors, key employees. | $5,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,020 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,679 |
| Payroll taxes | $25,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,963 |
| Advertising and promotion | $9,004 |
| Office expenses | $2,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,652 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,105 |
| Insurance | $30,988 |
| All other expenses | $21,858 |
| Total functional expenses | $575,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,402 |
| Savings and temporary cash investments | $10 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,900 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,254,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $36,258 |
| Other assets | $0 |
| Total assets | $1,338,446 |
| Accounts payable and accrued expenses | $7,431 |
| Grants payable | $0 |
| Deferred revenue | $13,550 |
| 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 | $330,937 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $351,918 |
| Net assets without donor restrictions | $986,528 |
| 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 | $1,338,446 |