Mccarter Theatre Company
- Assets
- $28.3m
- Revenue
- $11.6m
- Investments
- $24.7m
- Employees
- 182
- Location
- Princeton, NJ
- Founding
- 05/1963
- Data as of
- 06/2020
- EIN
- 21-0724198
Organization Overview
Mccarter Theatre Company is located in Princeton, NJ. The organization was established in 1963. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Mccarter Theatre Company employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccarter Theatre Company 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 06/2020, Mccarter Theatre Company generated $11.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $11.9m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MCCARTERS MISSION: TO CREATE WORLD-CLASS THEATRE AND PRESENT THE FINEST PERFORMING ARTISTS FOR THE ENGAGEMENT EDUCATION AND ENTERTAINMENT OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER SERIES: PLEASE SEE SCHEDULE O FOR DETAILED PROGRAM DESCRIPTION.
PRESENTED SERIES: PLEASE SEE SCHEDULE O FOR DETAILED PROGRAM DESCRIPTION.
EDUCATION & COMMUNITY PARTNRESHIPS: PLEASE SEE SCHEDULE O FOR DETAILED PROGRAM DESCRIPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Rasmussen Artistic Director | Officer | 50 | $347,774 |
Michael Rosenberg Managing Director | Officer | 60 | $316,211 |
William Lockwood Jr Programming Director | 0 | $135,707 | |
Debbie Bisno Resident Producer | 40 | $126,667 | |
Dixie Uffelman Director Of Production | 40 | $117,980 | |
Charlotte C Hussey Director Of It | 40 | $111,215 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Aber Group Advertising | 6/29/22 | $104,672 |
Texas Scenic Company Inc Equipment Purchase | 6/29/22 | $1,671,100 |
Isaacson Miller Inc Consulting Services | 6/29/22 | $197,618 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,004,650 |
| Investment income | $1,375,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,287 |
| 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 | $11,621,825 |
| Statement of Expenses | |
|---|---|
| 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. | $610,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,515,594 |
| Pension plan accruals and contributions | $186,168 |
| Other employee benefits | $731,207 |
| Payroll taxes | $488,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,682 |
| Fees for services: Accounting | $33,621 |
| Fees for services: Lobbying | $4,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,319 |
| Fees for services: Other | $1,625,373 |
| Advertising and promotion | $711,361 |
| Office expenses | $215,125 |
| Information technology | $273,112 |
| Royalties | $159,003 |
| Occupancy | $574,652 |
| Travel | $117,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,766 |
| Interest | $58,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353,746 |
| Insurance | $132,149 |
| All other expenses | $0 |
| Total functional expenses | $11,861,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,303,759 |
| Savings and temporary cash investments | $128,005 |
| Pledges and grants receivable | $854,933 |
| Accounts receivable, net | $7,786 |
| 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 | $1,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,688,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,474 |
| Total assets | $28,336,036 |
| Accounts payable and accrued expenses | $341,710 |
| Grants payable | $0 |
| Deferred revenue | $1,177,053 |
| 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 | $1,682,256 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,201,019 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $25,135,017 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mccarter Theatre Company has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Gordon Gund And Llura Liggett Gund 1993 Charitable Foundation Princeton, NJ PURPOSE: SUPPORT THE CHARITABLE PURPOSE OF THE ORGANIZATION | $50,000 |
Sheila Broderick Foundation Edison, NJ PURPOSE: ARTS | $10,000 |
Endowment Analysis
| Beg. Balance | $32,711,772 |
| Earnings | -$546,078 |
| Net Contributions | $50,000 |
| Other Expense | $1,832,067 |
| Ending Balance | $30,383,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
New Jersey Performing Arts Center Corporation Newark, NJ | $266,001,987 | $34,288,526 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |
State Theatre Center For The Arts Inc Easton, PA | $9,301,794 | $4,832,518 |