South Street Theater Co Inc
- Assets
- $25.0m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 139
- Location
- Morristown, NJ
- Founding
- 05/1995
- Data as of
- 06/2022
- EIN
- 22-3348540
Organization Overview
South Street Theater Co Inc, operating under the name Mayo Performing Arts Center, is located in Morristown, NJ. The organization was established in 1995. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Mayo Performing Arts Center employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayo Performing Arts Center 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 06/2022, Mayo Performing Arts Center generated $16.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $14.0m during the year ending 06/2022. While expenses have increased by 1.9% 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
THE ORGANIZATION ACTS AS A CULTURAL AND ARTISTIC ATTRACTION TO THE SURROUNDING AREA AND ENHANCES THE ECONOMIC VITALITY OF THE REGION THROUGH AN ARRAY OF ARTS RELATED PROGRAMS AND EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE EXPENDITURES CONSIST OF A VARIETY OF PRODUCTION RELATED COSTS AS WELL AS COSTS FOR VARIOUS EDUCATION RELATED PROGRAMS OFFERED BY THE ORGANIZATION.
PROGRAM SERVICE EXPENDITURES CONSIST OF A VARIETY OF PRODUCTION RELATED COSTS AS WELL AS COSTS FOR VARIOUS EDUCATION RELATED PROGRAMS OFFERED BY THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Kirchdoerffer General Mana | Officer | 40 | $270,120 |
Allison Larena President & | OfficerTrustee | 50 | $231,423 |
Sasha Pensado Finance Dire | 40 | $220,250 | |
Marysue Depaola Development | Officer | 40 | $201,060 |
Cathy Roy Education Di | 40 | $173,250 | |
Gregory Supron Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,471,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,302,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,774,525 |
| Total Program Service Revenue | $9,574,179 |
| Investment income | $41,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,450 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$71,229 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,372,684 |
| 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. | $702,603 |
| Compensation of current officers, directors, key employees. | $216,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,577,753 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $393,839 |
| Payroll taxes | $382,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,223 |
| Advertising and promotion | $533,038 |
| Office expenses | $139,375 |
| Information technology | $116,872 |
| Royalties | $0 |
| Occupancy | $494,679 |
| Travel | $49,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $742,373 |
| Insurance | $145,051 |
| All other expenses | $82,201 |
| Total functional expenses | $13,993,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,675,712 |
| Savings and temporary cash investments | $8,092,483 |
| Pledges and grants receivable | $199,697 |
| Accounts receivable, net | $35,366 |
| 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 | $126,532 |
| Net Land, buildings, and equipment | $14,879,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,009,095 |
| Accounts payable and accrued expenses | $361,600 |
| Grants payable | $0 |
| Deferred revenue | $2,536,341 |
| 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 | $1,660,042 |
| Total liabilities | $4,557,983 |
| Net assets without donor restrictions | $20,151,112 |
| Net assets with donor restrictions | $300,000 |
| 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 | $25,009,095 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that South Street Theater Co Inc has recieved totaling $335,214.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $89,750 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $60,450 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $40,455 |
Donors Trust Inc Alexandria, VA PURPOSE: to support the Miracle Project | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $20,500 |
Adp Foundation Roseland, NJ PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
Joshua M Freeman Foundation Selbyville, DE | $7,026,329 | $10,885,831 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
Delaware College Of Art And Design Wilmington, DE | $12,063,919 | $5,103,900 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |