Fulton Theatre Company
- Assets
- $41.3m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 343
- Location
- Lancaster, PA
- Founding
- 08/1965
- Data as of
- 08/2022
- EIN
- 23-1631733
Organization Overview
Fulton Theatre Company is located in Lancaster, PA. The organization was established in 1965. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Fulton Theatre Company employed 343 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulton Theatre Company 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 08/2022, Fulton Theatre Company generated $13.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $10.6m during the year ending 08/2022. While expenses have increased by 5.5% per year over the past 6 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
PRODUCTION OF LIVE THEATRE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FULTON FIRST OPENED ITS DOORS IN 1852. 171 YEARS LATER, THIS NATIONAL HISTORIC LANDMARK THEATRE CONTINUES TO ENTERTAIN, EDUCATE AND DELIGHT AUDIENCES, BRINGING LIVE THEATRE, MUSIC, AND MORE THAN 160,000 PATRONS INTO DOWNTOWN LANCASTER ANNUALLY. TODAY, UNDER THE LEADERSHIP OF EXECUTIVE ARTISTIC PRODUCER MARC ROBIN, THE FULTON THEATRE PRODUCES A MIX OF COMEDIES, DRAMAS AND MUSICALS, EMPLOYING THE TALENTS OF PROFESSIONAL DIRECTORS, DESIGNERS, ACTORS AND PLAYWRIGHTS FROM ACROSS THE COUNTRY.
THE THEATRE'S ROBUST EDUCATION AND OUTREACH PROGRAM ENGAGES OVER 17,000 STUDENTS A YEAR WITH ARTISTIC PROGRAMMING, THEREBY PRESERVING THE FUTURE OF THEATRE ARTS. FULTON ACADEMY IS COMMITTED TO INCLUSIVITY OF STUDENTS OF ALL ABILITIES AND SOCIO-ECONOMIC BACKGROUNDS. THE ACADEMY PROVIDES RESOURCES TO STUDENTS WHO HAVE ANY MEDICAL AND LEARNING CONCERNS AND DISABILITIES AS WELL AS SCHOLARSHIP OPPORTUNITIES TO FAMILIES WHO DEMONSTRATE FINANCIAL NEED. THE FULTON ACADEMY OPERATES YEAR ROUND PROVIDING PROGRAMS FOR EARLY CHILDHOOD THROUGH ADULT LEARNERS. IN FY2023, PROGRAMMING INCLUDED: OVER 350 STUDENTS IN THREE SEMESTERS OF 7-WEEK LONG CLASS SESSIONS. OVER 500 STUDENTS ATTENDED IN-PERSON SUMMER ACADEMY WEEK-LONG CAMPS AT THE FULTON IN FY23. 25 MCCASKEY HIGH SCHOOL STUDENTS PARTICIPATED IN A 9-WEEK IN SCHOOL RESIDENCY CULMINATING WITH A PERFORMANCE AT THE FULTON THEATRE. THE FULTON'S PRE-SCHOOL BUILDING BRIDGES PROGRAM POWERED BY PNC GROW UP GREAT PROVIDED A 12 WEEK RESIDENCY TO STUDENTS IN FIVE LOWER INCOME PRESCHOOLS THROUGHOUT CENTRAL PA. THE FULTON WELCOMED OVER 6,000 STUDENTS SCHOOL DAY MATINEES WITH THE PRODUCTIONS OF A CHRISTMAS CAROL, THE PLAY THAT GOES WRONG, THE WIZ, RAPUNZEL, AND ROBIN HOOD. OVER 230 STUDENTS ATTEND THE TEEN LOUNGE PROGRAM WITH EVERY MAINSTAGE PRODUCTION. 40 COLLEGE STUDENTS AND 75 HIGH SCHOOL STUDENTS PARTICIPATED IN THE ARTSTECH PROGRAM AT THE FULTON SCENIC STUDIOS AND FULTON THEATRE.
EVENT RENTALS HAVE BEEN LIMITED TO OTHER NON-PROFIT ORGANIZATIONS AND TO CURRENT CORPORATE SPONSORS. THE ORGANIZATION BUILDS SCENERY FOR OTHER THEATRICAL ORGANIZATIONS, RENTS SETS, PROPS AND COSTUMES TO GROUPS INCLUDING SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Elliot Sterenfeld President | OfficerTrustee | 3 | $0 |
Ms Nancy S Arnold Treasurer | OfficerTrustee | 3 | $0 |
Mrs Susan Wood Secretary | OfficerTrustee | 3 | $0 |
Mr D Michael Wege Vice President | OfficerTrustee | 3 | $0 |
Mr David C Beidleman Immediate Past President | OfficerTrustee | 3 | $0 |
Mrs Barbara Altmann PHD Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mid Atlantic Tours & Receptive Services Travel Advisor | 8/30/23 | $360,818 |
Concord Theatricals Licensing | 8/30/23 | $325,070 |
Greatdays Holidays Ltd Travel Advisor | 8/30/23 | $150,392 |
Hot Frog Print Media Advertising | 8/30/23 | $146,935 |
Kinectiv Llc Advertising | 8/30/23 | $143,978 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,000 |
| Membership dues | $0 |
| Fundraising events | $95,142 |
| Related organizations | $0 |
| Government grants | $4,578,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,794,132 |
| Noncash contributions included in lines 1a–1f | $120,266 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,474,060 |
| Total Program Service Revenue | $5,657,602 |
| Investment income | $50,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,407 |
| Net Gain/Loss on Asset Sales | $131,822 |
| Net Income from Fundraising Events | -$73,722 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $174,521 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,747,979 |
| 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. | $417,328 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,045,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $372,314 |
| Payroll taxes | $390,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,993 |
| Fees for services: Accounting | $325,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,756 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,652 |
| Office expenses | $71,998 |
| Information technology | $0 |
| Royalties | $407,190 |
| Occupancy | $337,635 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $344,982 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,289,914 |
| Insurance | $101,642 |
| All other expenses | $496,754 |
| Total functional expenses | $10,612,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,335,287 |
| Savings and temporary cash investments | $4,074,515 |
| Pledges and grants receivable | $7,160,905 |
| Accounts receivable, net | $280,613 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,955 |
| Prepaid expenses and deferred charges | $755,680 |
| Net Land, buildings, and equipment | $23,764,920 |
| Investments—publicly traded securities | $2,901,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,861 |
| Total assets | $41,338,527 |
| Accounts payable and accrued expenses | $267,233 |
| Grants payable | $0 |
| Deferred revenue | $3,729,715 |
| 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 | $7,012,449 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,009,397 |
| Net assets without donor restrictions | $20,699,408 |
| Net assets with donor restrictions | $9,629,722 |
| 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 | $41,338,527 |