Lantern Theater Company
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 99
- Location
- Philadelphia, PA
- Founding
- 10/1995
- Data as of
- 06/2023
- EIN
- 23-2798692
Organization Overview
Lantern Theater Company is located in Philadelphia, PA. The organization was established in 1995. 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 06/2023, Lantern Theater Company employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lantern Theater 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 06/2023, Lantern Theater Company generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. 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
TO PRODUCE PLAYS THAT ILLUMINATE WHAT IS ESSENTIAL IN THE HUMAN SPIRIT AND THE SPIRIT OF THE TIMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2022/23 SEASON - THE LANTERN'S FIRST FULL SEASON OF LIVE PERFORMANCES SINCE 2018/19 - WE PRODUCED 139 PERFORMANCES OF FIVE PRODUCTIONS, INCLUDING TRAVESTIES BY TOM STOPPARD; THE PHILADELPHIA PREMIERE THE ROYALE BY MARCO RAMIREZ (WINNER OF THREE 2023 BARRYMORE AWARDS, INCLUDING OUTSTANDING PRODUCTION OF A PLAY); OUR ORIGINAL ADAPTATION OF CHARLES DICKENS' A CHRISTMAS CAROL BY ANTHONY LAWTON, CHRISTOPHER COLUCCI, AND THOM WEAVER; THE PHILADELPHIA PREMIERE OF THE LIFESPAN OF A FACT BY JEREMY KAREKEN, DAVID MURRELL, AND GORDON FARRELL; AND TWELFTH NIGHT BY WILLIAM SHAKESPEARE. THESE PRODUCTIONS REACHED 13,000 PATRONS. WE ALSO PRESENTED 18 AUDIENCE ENRICHMENT EVENTS, WHICH REACHED 623 AUDIENCE MEMBERS.
OUR ILLUMINATION EDUCATION PROGRAM INCLUDES IN-SCHOOL RESIDENCIES, STUDENT MATINEE PERFORMANCES, AND THE EMPATHY PROJECT. DURING THE 2022/23 SEASON, OUR PRODUCTION OF ROMEO AND JULIET FOR MIDDLE SCHOOL AND HIGH SCHOOL AUDIENCES REACHED 5,616, AND WE HOSTED ANOTHER 1,557 STUDENTS AND TEACHERS AT MATINEE PERFORMANCES OF OUR MAINSTAGE PRODUCTIONS. WE ALSO PROVIDED OUR CLASSROOM CONNECTIONS RESIDENCY PROGRAM TO 2,840 MIDDLE AND HIGH SCHOOL STUDENTS. OTHER EDUCATION PROGRAMMING INCLUDED CPE TRAINING FOR TEACHERS WITH OUR BARD BASICS WORKSHOPS (13 SERVED), TEACHING ARTIST TRAINING WITH AFTER SCHOOL ACTIVITIES PARTNERSHIPS (29 SERVED), AND THE EMPATHY PROJECT, THIS YEAR IN PARTNERSHIP WITH THE PERELMAN SCHOOL OF MEDICINE AT THE UNIVERSITY OF PENNSYLVANIA (27 SERVED).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Rosen Rogoff Chair | OfficerTrustee | 5 | $0 |
Dana Ash Vice President | OfficerTrustee | 2 | $0 |
Donna Saul Millen Vice President | OfficerTrustee | 2 | $0 |
Lauren Dussault Treasurer | OfficerTrustee | 2 | $0 |
Kaki Short Secretary | OfficerTrustee | 2 | $0 |
Charles Mcmahon Artistic Director | OfficerTrustee | 40 | $74,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $643,523 |
| Noncash contributions included in lines 1a–1f | $4,627 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $698,914 |
| Total Program Service Revenue | $487,196 |
| Investment income | $351 |
| 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 | $1,242,295 |
| 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. | $168,549 |
| Compensation of current officers, directors, key employees. | $38,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $825,351 |
| Pension plan accruals and contributions | $21,693 |
| Other employee benefits | $91,668 |
| Payroll taxes | $75,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $132,386 |
| Office expenses | $7,886 |
| Information technology | $10,875 |
| Royalties | $27,753 |
| Occupancy | $108,428 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,664 |
| Insurance | $25,740 |
| All other expenses | $513 |
| Total functional expenses | $1,971,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,130 |
| Savings and temporary cash investments | $267,579 |
| Pledges and grants receivable | $65,500 |
| Accounts receivable, net | $5,600 |
| 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 | $132,148 |
| Net Land, buildings, and equipment | $168,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $191,606 |
| Total assets | $1,114,448 |
| Accounts payable and accrued expenses | $56,909 |
| Grants payable | $0 |
| Deferred revenue | $185,094 |
| 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 | $194,068 |
| Total liabilities | $436,071 |
| Net assets without donor restrictions | $505,996 |
| Net assets with donor restrictions | $172,381 |
| 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 | $1,114,448 |