Philadelphia Theatre Company
- Assets
- $6.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 165
- Location
- Philadelphia, PA
- Founding
- 06/1982
- Data as of
- 08/2023
- EIN
- 23-1951753
Organization Overview
Philadelphia Theatre Company is located in Philadelphia, PA. The organization was established in 1982. 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 08/2023, Philadelphia Theatre Company employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia 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 08/2023, Philadelphia Theatre Company generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $4.0m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 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
A VITAL CIVIC INSTITUTION DEDICATED TO THE CREATION OF EXTRAORDINARY THEATRICAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PTC KICKED OFF ITS 2022-23 SEASON WITH THE WORLD PREMIERE OF THE TATTOOED LADY, A NEW MUSICAL BY MAX VERNON AND ERIN COURTNEY, DIRECTED BY ELLIE HEYMAN. THIS LIVELY SHOW CELEBRATES FEMALE EMPOWERMENT AND MARKS PTC'S FIRST COMMISSION SINCE OPENING THE SUZANNE ROBERTS THEATRE IN 2007. THE SEASON CONTINUED WITH THE PREMIERE OF ANA NOGUEIRA'S EMPHATHITRAX, DIRECTED BY NELL BANG-JENSEN AND BROUGHT TO LIFE BY A CAST AND CREATIVE TEAM REPRESENTING THE BEST OF PHILADELPHIA TALENT. EMPHATHITRAX OFFERS A STARK WARNING ABOUT THE DANGERS OF A FICTIONAL PHARMACEUTICAL BREAKTHROUGH, WHICH RESONATED STRONGLY IN THE WAKE OF THE COVID-19 PANDEMIC. THE SEASON CONCLUDED WITH LANIE ROBERTSON'S MODERN CLASSIC LADY DAY AT EMERSON'S BAR & GRILL, DIRECTED BY PTC RESIDENT ARTIST AND BROADWAY VETERAN JEFFREY L. PAGE. AUDIENCES WERE CAPTIVATED BY THIS IMMERSIVE RECREATION OF ONE OF BILLIE HOLIDAY'S FINAL PERFORMANCES, FEATURING PHILADELPHIA VOCALIST LAURIN TALESE IN HER THEATRICAL DEBUT. THIS SEASON ALSO SAW THE ADDITION OF STUDENT MATINEE AND AFFINITY NIGHTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Zeck Managing Director (thru 9/17/23) | OfficerTrustee | 40 | $123,329 |
Gary A Deutsch Chair | OfficerTrustee | 1 | $0 |
Vibhat Nair Vice-Chair | OfficerTrustee | 1 | $0 |
Dr Donna-Marie Peters Secretary | OfficerTrustee | 1 | $0 |
John M Hanamirian Treasurer | OfficerTrustee | 1 | $0 |
Kristin Bair Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Precision Mechanical Services Llc Hvac Installations And Repair | 8/30/23 | $132,459 |
Scenery First Inc Scenic Build For Productions | 8/30/23 | $105,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,365 |
| Related organizations | $0 |
| Government grants | $230,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,519,415 |
| Noncash contributions included in lines 1a–1f | $250,062 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,976,710 |
| Total Program Service Revenue | $1,015,862 |
| Investment income | $201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,370 |
| Net Income from Fundraising Events | -$42,547 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,951,902 |
| 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. | $324,026 |
| Compensation of current officers, directors, key employees. | $94,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,662,981 |
| Pension plan accruals and contributions | $15,634 |
| Other employee benefits | $88,367 |
| Payroll taxes | $91,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,129 |
| Fees for services: Accounting | $107,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,074 |
| Advertising and promotion | $197,274 |
| Office expenses | $29,428 |
| Information technology | $42,238 |
| Royalties | $0 |
| Occupancy | $209,565 |
| Travel | $12,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,522 |
| Interest | $101,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,981 |
| Insurance | $92,329 |
| All other expenses | $94,118 |
| Total functional expenses | $4,042,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,052,833 |
| Savings and temporary cash investments | $1,405 |
| Pledges and grants receivable | $1,496,542 |
| Accounts receivable, net | $103,549 |
| 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 | $99,037 |
| Net Land, buildings, and equipment | $3,711,917 |
| Investments—publicly traded securities | $2,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,725 |
| Total assets | $6,500,166 |
| Accounts payable and accrued expenses | $354,092 |
| Grants payable | $0 |
| Deferred revenue | $217,851 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $213,000 |
| Secured mortgages and notes payable | $2,762,788 |
| Unsecured mortgages and notes payable | $65,000 |
| Other liabilities | $185,190 |
| Total liabilities | $3,797,921 |
| Net assets without donor restrictions | $1,043,954 |
| Net assets with donor restrictions | $1,658,291 |
| 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 | $6,500,166 |