Paper Mill Playhouse
- Assets
- $53.4m
- Revenue
- $32.5m
- Investments
- $21.4m
- Employees
- 832
- Location
- Millburn, NJ
- Founding
- 03/1936
- Data as of
- 06/2023
- EIN
- 22-1550515
Organization Overview
Paper Mill Playhouse is located in Millburn, NJ. The organization was established in 1936. 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 06/2023, Paper Mill Playhouse employed 832 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paper Mill Playhouse 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 06/2023, Paper Mill Playhouse generated $32.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $31.7m during the year ending 06/2023. While expenses have increased by 6.6% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PAPER MILL PLAYHOUSE BRINGS ITS AUDIENCES THE BEST IN MUSICAL THEATRE, FROM CELEBRATED REVIVALS TO GROUNDBREAKING NEW WORKS. SEE ATTACHMENT 1.
Describe the Organization's Program Activity:
PAPER MILL PLAYHOUSE HAS BEEN A CHERISHED NEW JERSEY ARTS INSTITUTION FOR 84 YEARS, WITH A NATIONAL REPUTATION THAT CONTINUES TO GROW. AS A PRODUCING THEATER, PAPER MILL'S COLLABORATION WITH OTHER REGIONAL THEATERS AND LEADING INDEPENDENT PRODUCERS BRINGS AUDIENCES THE BEST IN MUSICAL THEATER, FROM CELEBRATED REVIVALS TO GROUNDBREAKING NEW WORKS. EDUCATION AND OUTREACH PROGRAMS NURTURE YOUNG PEOPLE'S CREATIVITY AND EMPATHY. PAPER MILL BRINGS DECADES OF LEADERSHIP IN CULTURAL ACCESS AND IS AT THE FOREFRONT OF AUTISM FRIENDLY THEATER. PAPER MILL PLAYHOUSE RECEIVED THE 2016 REGIONAL THEATRE TONY AWARD IN RECOGNITION OF ITS CONTRIBUTION TO THE NATIONAL FIELD. PAPER MILL REOPENED ITS DOORS IN OCTOBER 2021 AFTER THE SUSTAINED SHUTDOWN CAUSED BY THE COVID 19 PANDEMIC. SINCE THEN, THE COMPANY HAS EXPERIENCED A SIGNIFICANT INCREASE IN EXPENSES, AND A DECLINE IN THE SUBSCRIBER AUDIENCE BASE AND ASSOCIATED REVENUES. A THREE-YEAR PLAN HAS BEEN PUT IN PLACE TO REBUILD THE COMPANY'S SUBSCRIBER BASE AND REVENUES TO THEIR PRE-PANDEMIC LEVELS. INCREASED SINGLE TICKETS SALES HAVE OFFSET SOME OF THE BUDGET SHORTFALL. THE 2022-23 SEASON FEATURED REVIVALS OF "ON YOUR FEET", "THE SOUND OF MUSIC"RENT", AND NEW PRODUCTIONS OF DISNEY'S "HERCULES"MURDER ON THE ORIENT EXPRESS". PAPER MILL IS CURRENTLY ENGAGED IN A CAPITAL CAMPAIGN FOR THE EXPANSION AND RENOVATION OF ITS FACILITIES.
PAPER MILL'S EDUCATION, OUTREACH AND ACCESS PROGRAMS ENGAGE YOUNG PEOPLE IN THE JOY OF LIVE THEATER THROUGH THE ADOPT-A-SCHOOL PROJECT, PAPER MILL THEATER SCHOOL, RISING STAR AWARDS, SUMMER MUSICAL THEATER CONSERVATORY AND ITS NEW VOICES CONCERTS, AND THEATER FOR YOUNG AUDIENCES. PAPER MILL HAS DECADES OF LEADERSHIP IN BREAKING BARRIERS TO THE ARTS, INCLUDING ACCESSIBILITY FOR INDIVIDUALS WITH DISABILITIES AND CULTURAL PARTNERSHIPS WITH NEW JERSEY'S SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS. AS THE FIRST THEATER IN THE COUNTRY TO PRESENT A COMPREHENSIVE AUTISM-FRIENDLY PERFORMANCE, PAPER MILL HAS EXPANDED ITS OFFERINGS OF WELCOMING AND INCLUSIVE SHOWS, THEATER CLASSES AND OUTREACH FOR CHILDREN WITH AUTISM AND DEVELOPMENTAL DISABILITIES, THEIR FAMILIES AND FRIENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark S Hoebee Producing Artistic Director | Officer | 40 | $388,954 |
Michael Stotts Executive Director | Officer | 40 | $388,865 |
Beatrice H Daggett Director Of Strategic Affairs | 40 | $153,224 | |
Laura Green Director Of Production | 40 | $141,420 | |
Hawley B Abelow Director Of Marketing | 40 | $145,688 | |
Thomas Brennan Master Carpenter | 40 | $123,765 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Service Co Cap Campaign Consult | 6/29/23 | $759,032 |
Showmotion Inc Scenic Build | 6/29/23 | $1,556,090 |
Hudson Scenic Studios Scenic Build | 6/29/23 | $1,253,900 |
Proof Productions Inc Scenic Build | 6/29/23 | $1,029,969 |
Situation Interactive Advertising | 6/29/23 | $465,111 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $953,480 |
| Related organizations | $0 |
| Government grants | $1,619,147 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,601,213 |
| Noncash contributions included in lines 1a–1f | $141,653 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,173,840 |
| Total Program Service Revenue | $24,473,107 |
| Investment income | $896,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $29,679 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,104,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,536,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $888,428 |
| Compensation of current officers, directors, key employees. | $153,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,128,319 |
| Pension plan accruals and contributions | $1,773,452 |
| Other employee benefits | $654,988 |
| Payroll taxes | $1,503,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,370 |
| Fees for services: Accounting | $70,565 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $633,837 |
| Fees for services: Investment Management | $115,229 |
| Fees for services: Other | $296,591 |
| Advertising and promotion | $1,424,753 |
| Office expenses | $1,412,604 |
| Information technology | $199,901 |
| Royalties | $936,580 |
| Occupancy | $662,675 |
| Travel | $504,146 |
| 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 | $418,929 |
| Insurance | $550,857 |
| All other expenses | $19,288 |
| Total functional expenses | $31,724,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,756 |
| Savings and temporary cash investments | $11,779,825 |
| Pledges and grants receivable | $3,880,023 |
| Accounts receivable, net | $172,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $140,260 |
| Prepaid expenses and deferred charges | $431,570 |
| Net Land, buildings, and equipment | $6,933,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,409,699 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,682,294 |
| Total assets | $53,443,307 |
| Accounts payable and accrued expenses | $1,952,264 |
| Grants payable | $933,353 |
| Deferred revenue | $6,009,543 |
| 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 | $8,902,495 |
| Total liabilities | $17,797,655 |
| Net assets without donor restrictions | $17,459,376 |
| Net assets with donor restrictions | $18,186,276 |
| 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 | $53,443,307 |