Cape May Stage Inc
- Assets
- $1.8m
- Revenue
- $841.6k
- Investments
- $0.0
- Employees
- 28
- Location
- Cape May, NJ
- Founding
- 06/1989
- Data as of
- 12/2023
- EIN
- 22-2937929
Organization Overview
Cape May Stage Inc is located in Cape May, NJ. The organization was established in 1989. 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, Cape May Stage Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape May Stage 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 12/2023, Cape May Stage Inc generated $841.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $911.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
THE ORGANIZATION PROVIDES LIVE PROFESSIONAL EQUITY THEATRE AND EDUCATION OUTREACH PROGRAMS TO THE RESIDENTS OF AND VISITORS TO CAPE MAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL THEATRICAL PERFORMANCES, APPRENTICE WORKSHOPS, ARTISTIC EDUCATION CURRICULUM FOR GRADES 9-12, COMMUNITY OUTREACH FOR EQUITY THEATRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Martel President | OfficerTrustee | 2 | $0 |
Wendy Collins Chief Operat | OfficerTrustee | 40 | $82,463 |
Mary Mckenney Treasurer | OfficerTrustee | 2 | $0 |
Stephen Miller Vice Preside | OfficerTrustee | 2 | $0 |
Lynn Martenstein Vice Preside | OfficerTrustee | 2 | $0 |
Janice Anania Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $187,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $381,946 |
| Total Program Service Revenue | $401,151 |
| Investment income | $4,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $51,584 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $841,626 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $61,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,992 |
| Office expenses | $526 |
| Information technology | $0 |
| Royalties | $27,087 |
| Occupancy | $0 |
| Travel | $143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,204 |
| Insurance | $18,288 |
| All other expenses | $82,864 |
| Total functional expenses | $911,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,106 |
| Savings and temporary cash investments | $62,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,650 |
| 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 | $625 |
| Net Land, buildings, and equipment | $1,176,471 |
| Investments—publicly traded securities | $549,033 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,314 |
| Total assets | $1,812,652 |
| Accounts payable and accrued expenses | $23,645 |
| Grants payable | $0 |
| Deferred revenue | $103,032 |
| 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 | $382,202 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $508,879 |
| Net assets without donor restrictions | $1,286,107 |
| Net assets with donor restrictions | $17,666 |
| 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 | $1,812,652 |