Weston Playhouse Theatre
- Assets
- $12.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 153
- Location
- Weston, VT
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 22-2970343
Organization Overview
Weston Playhouse Theatre is located in Weston, VT. 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 12/2022, Weston Playhouse Theatre employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weston Playhouse Theatre 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 12/2022, Weston Playhouse Theatre generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. 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
TO PRODUCE THEATRICAL AND PERFORMING ARTS IN VERMONT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WESTON PLAYHOUSE THEATER, VERMONT'S OLDEST PROFESSIONAL THEATER COMPANY, IS AN AWARD WINNING REGIONAL THEATER WITH A MULTI-STAGE SUMMER FESTIVAL, FALL TOURS, AND YEAR-ROUND EDUCATIONAL AND OUTREACH PROGRAMS. THE PLAYHOUSE IS DEDICATED TO QUALITY THEATER AND BROAD COMMUNITY SUPPORT WITH OVER 20,000 ATTENDEES INCLUDING MANY SCHOOL GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wp Neff Chair | OfficerTrustee | 2 | $0 |
Claire Stern Vice-Chair | OfficerTrustee | 2 | $0 |
Ludy Biddle Director | Trustee | 2 | $0 |
Wayne Fisher Treasurer | OfficerTrustee | 2 | $0 |
Wayne Granquist Director | Trustee | 2 | $0 |
Abby Hurlburt Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $174,957 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,481,510 |
| Noncash contributions included in lines 1a–1f | $10,006 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,671,467 |
| Total Program Service Revenue | $603,247 |
| Investment income | $45,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,750 |
| Net Gain/Loss on Asset Sales | $6,368 |
| Net Income from Fundraising Events | $13,017 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $422 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,366,360 |
| 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. | $123,327 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $882,213 |
| Pension plan accruals and contributions | $19,455 |
| Other employee benefits | $75,119 |
| Payroll taxes | $77,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,508 |
| Fees for services: Accounting | $83,693 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,092 |
| Fees for services: Other | $106,371 |
| Advertising and promotion | $73,786 |
| Office expenses | $27,818 |
| Information technology | $17,024 |
| Royalties | $53,768 |
| Occupancy | $411,549 |
| Travel | $52,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $318,607 |
| Insurance | $75,941 |
| All other expenses | $10,875 |
| Total functional expenses | $2,679,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,406 |
| Savings and temporary cash investments | $1,070,208 |
| Pledges and grants receivable | $238,573 |
| Accounts receivable, net | $0 |
| 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 | $7,827 |
| Net Land, buildings, and equipment | $8,866,966 |
| Investments—publicly traded securities | $1,124,650 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $824,741 |
| Total assets | $12,583,371 |
| Accounts payable and accrued expenses | $111,627 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $90,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $323,920 |
| Total liabilities | $525,547 |
| Net assets without donor restrictions | $9,271,502 |
| Net assets with donor restrictions | $2,786,322 |
| 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 | $12,583,371 |