Philadelphia Theatre Company
- Assets
- $6.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 84
- Location
- Philadelphia, PA
- Founding
- 06/1982
- Data as of
- 08/2021
- 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 08/2021, Philadelphia Theatre Company employed 84 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 08/2021, Philadelphia Theatre Company generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.6m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE, DEVELOP AND PRESENT CONTEMPORARY THEATRE FOCUSED ON THE AMERICAN EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO PANDEMIC-RELATED RESTRICTIONS AROUND PUBLIC GATHERINGS, PHILADELPHIA THEATRE COMPANY SHIFTED ITS PROGRAMMING TO THE VIRTUAL SPACE FOR THE 2020-21 SEASON. PTC PRODUCED TEN DIVERSE VIRTUAL OFFERINGS, INCLUDING THE VIRTUAL PRODUCTION OF THE WOLVES BY SARAH DELAPPE FILMED OVER ZOOM AND A MINI-DOCUMENTARY ON THE DEVELOPMENT OF THE NEW MUSICAL THE TATTOOED LADY, AMONG OTHERS. PTC ALSO REINSTATED THE TERRENCE MCNALLY AWARD, WHICH FOCUSED ON THE WORK OF PHILADELPHIA BIPOC PLAYWRIGHTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paige Price Producing Artistic Directo | OfficerTrustee | 40 | $119,815 |
Emily Zeck Managing Director | OfficerTrustee | 40 | $85,358 |
Gary A Deutsch Vice Chair | OfficerTrustee | 1 | $0 |
John M Hanamirian Treasurer | OfficerTrustee | 1 | $0 |
David L Cohen Chair | OfficerTrustee | 2 | $0 |
Julia Ericksen Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,364,628 |
| Noncash contributions included in lines 1a–1f | $102,512 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,533,007 |
| Total Program Service Revenue | $110,872 |
| Investment income | $278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $94 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,659,475 |
| 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. | $241,213 |
| Compensation of current officers, directors, key employees. | $89,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,199 |
| Pension plan accruals and contributions | $509 |
| Other employee benefits | $47,421 |
| Payroll taxes | $50,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $109,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,698 |
| Advertising and promotion | $51,097 |
| Office expenses | $17,117 |
| Information technology | $14,848 |
| Royalties | $0 |
| Occupancy | $130,843 |
| Travel | $985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,716 |
| Interest | $107,128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,960 |
| Insurance | $65,740 |
| All other expenses | $26,054 |
| Total functional expenses | $1,585,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,017,140 |
| Savings and temporary cash investments | $1,629 |
| Pledges and grants receivable | $627,648 |
| Accounts receivable, net | $14,887 |
| 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 | $88,298 |
| Net Land, buildings, and equipment | $4,048,080 |
| Investments—publicly traded securities | $2,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,811 |
| Total assets | $6,809,664 |
| Accounts payable and accrued expenses | $261,070 |
| Grants payable | $0 |
| Deferred revenue | $480,411 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $80,000 |
| Secured mortgages and notes payable | $1,934,247 |
| Unsecured mortgages and notes payable | $1,447,265 |
| Other liabilities | $0 |
| Total liabilities | $4,202,993 |
| Net assets without donor restrictions | $2,072,688 |
| Net assets with donor restrictions | $533,983 |
| 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 | $6,809,664 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philadelphia Theatre Company has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Civic Foundation Inc Philadelphia, PA PURPOSE: OPERATING SUPPORT | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |
George Street Playhouse Inc New Brunswick, NJ | $6,896,308 | $6,837,551 |