New Freedom Theater Inc is located in Philadelphia, PA. The organization was established in 1977. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Freedom Theater 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 08/2021, New Freedom Theater Inc generated $134.1k 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 (39.0%) each year. All expenses for the organization totaled $348.7k during the year ending 08/2021. 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
THE ORGANIZATION IS DEDICATED TO PROVIDING ANNUALSEASONS OF PROFESSIONAL PLAYS AND PERFORMING ARTS TRAINING TO FOSTER LEADERSHP AND MULTICULTURAL UNDERSTANDING IN THE PHILADELPHIA METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDED THEATRE PRODUCTIONS AND PERFORMING ARTS TRAINING TO THE SURROUNDING COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karl Jenkins Board Chair | OfficerTrustee | 5 | $0 |
Chris Perks Treasurer | OfficerTrustee | 5 | $0 |
Leroy Tice ESQ Director | Trustee | 5 | $0 |
Lorenzo Harris Director | Trustee | 5 | $0 |
Dr Dameon Alexander Director | Trustee | 5 | $0 |
Jill Scott Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $11,946 |
All other contributions, gifts, grants, and similar amounts not included above | $20,088 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $32,034 |
Total Program Service Revenue | $0 |
Investment income | $102,066 |
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 | $134,100 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $12,280 |
Office expenses | $265 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $135,168 |
Travel | $3,874 |
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 | $145,483 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $348,712 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $16,626 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $3,607,412 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $4,058,095 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,682,133 |
Accounts payable and accrued expenses | $825,750 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $20,695 |
Total liabilities | $846,445 |
Net assets without donor restrictions | $4,612,502 |
Net assets with donor restrictions | $2,223,186 |
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 | $7,682,133 |
Organization Name | Assets | Revenue |
---|---|---|
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Cincinnati Symphony Orchestra Cincinnati, OH | $298,354,425 | $55,153,223 |
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
Baltimore Symphony Orchestra Inc Baltimore, MD | $16,033,795 | $20,177,740 |
New Jersey Symphony Orchestra Newark, NJ | $12,634,412 | $12,910,552 |
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Columbus Symphony Orchestra Inc Columbus, OH | $23,849,025 | $7,378,126 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Dayton Performing Arts Alliance Dayton, OH | $10,536,333 | $6,130,805 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |