Chester Theatre Company Inc
- Assets
- $912.6k
- Revenue
- $571.7k
- Investments
- $9.7k
- Employees
- 26
- Location
- Chester, MA
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 22-3081088
Organization Overview
Chester Theatre Company Inc is located in Chester, MA. The organization was established in 1998. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Chester Theatre Company Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chester Theatre Company 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 12/2022, Chester Theatre Company Inc generated $571.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $641.1k during the year ending 12/2022. While expenses have increased by 11.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHESTER THEATRE COMPANY, INC. IS A TEACHING THEATRE COMMITTED TO PRESENTING INTELLIGENT, CONTEMPORARY, LANGUAGE-RICH, THOUGHT-PROVOKING PLAYS PRODUCED BY WORLD CLASS THEATRE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OFOUNDED IN 1990, CHESTER THEATRE COMPANY IS AN AWARD-WINNING INSTITUTION THAT PRODUCES FOUR PLAYS EACH SUMMER IN THE TOWN HALL THEATRE OF CHESTER, MA. EACH YEAR, APPROXIMATELY 5,000 PEOPLE ATTEND ITS PRODUCTIONS, WHICH ARE FOLLOWED BY THOUGHT-PROVOKING TALKBACKS, CAST CONVERSATIONS, OR PANEL DISCUSSIONS AT SPECIFIC PERFORMANCES. AFTER A SEASON OF OUTDOOR PROGRAMMING IN 2021, WE WERE HAPPY TO BE BACK IN THE CHESTER TOWN HALL DURING THE SUMMER OF 2022. THE PLAYS PRODUCED WERE: "PRIDE@PREJUDICE," "BIRDS OF NORTH AMERICA," " PASS OVER, AND THE WORLD PREMIERE OF "TO THE MOON AND BACK." THE COMPANY HOSTS TWO EAGERLY AWAITED AND WELL-ATTENDED THEATRE TOURS ANNUALLY: A SPRING TRIP TO LONDON AND A FALL TRIP TO ANOTHER DESTINATION, SUCH AS CHICAGO, WASHINGTON DC, AND TORONTO. THOUGH THE PANDEMIC KEPT US FROM TRAVELING TO LONDON IN MARCH OF 2020, 2021, AND 2022, WE RESUMED OUR POPULAR TOURING FUNDRAISER IN THE FALL OF 2022 WITH A TRIP TO CHICAGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Schader President | OfficerTrustee | 1.5 | $0 |
Jeff Siegel Treasurer Oct 2022 To Present | OfficerTrustee | 1.5 | $0 |
David Pascucci Treasurer Thru Oct 2022 | OfficerTrustee | 1.5 | $0 |
Carol Seltzer Clerk | OfficerTrustee | 1.5 | $0 |
Rhonda Steeg Director | Trustee | 1.5 | $0 |
Charles Johnson Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $350,505 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,305 |
| Total Program Service Revenue | $199,406 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $571,711 |
| 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 | $167,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,792 |
| Payroll taxes | $20,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,538 |
| Office expenses | $45,366 |
| Information technology | $2,482 |
| Royalties | $10,311 |
| Occupancy | $41,598 |
| Travel | $0 |
| 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 | $24,256 |
| Insurance | $6,102 |
| All other expenses | $15,469 |
| Total functional expenses | $641,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,059 |
| Savings and temporary cash investments | $311,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $38,894 |
| Net Land, buildings, and equipment | $231,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,713 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $912,607 |
| Accounts payable and accrued expenses | $12,016 |
| Grants payable | $0 |
| Deferred revenue | $122,611 |
| 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 | $0 |
| Total liabilities | $134,627 |
| Net assets without donor restrictions | $693,711 |
| Net assets with donor restrictions | $84,269 |
| 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 | $912,607 |