George Street Playhouse Inc
- Assets
- $6.9m
- Revenue
- $6.8m
- Investments
- $200.0k
- Employees
- 157
- Location
- New Brunswick, NJ
- Founding
- 06/1974
- Data as of
- 06/2022
- EIN
- 23-7361588
Organization Overview
George Street Playhouse Inc is located in New Brunswick, NJ. The organization was established in 1974. 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 06/2022, George Street Playhouse Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Street Playhouse 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 06/2022, George Street Playhouse Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 7.2% per year over the past 8 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
TO ENRICH PEOPLE'S LIVES BY PRODUCING WORLD-CLASS THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEORGE STREET PLAYHOUSE (GSP) IS A PROFESSIONAL, REGIONAL THEATRE COMPANY LOCATED IN NEW BRUNSWICK, NJ. OUR MISSION IS TO "ENRICH PEOPLE'S LIVES THROUGH WORLD-CLASS THEATRE". EACH SEASON, WE DEMONSTRATE OUR COMMITMENT TO PRODUCING NEW WORKS THROUGH OUR WORLD-CLASS MAINSTAGE SERIES OF FIVE PLAYS OR MUSICALS. GSP IS PROUD TO HAVE PREMIERED SEVERAL PLAYS WHICH HAVE GONE ON TO SUCCESSFUL NEW YORK BROADWAY AND OFF-BROADWAY RUNS, GARNERING NATIONAL ATTENTION. GSP'S EDUCATION DEPARTMENT OFFERS ARTS INTEGRATION PROGRAMMING IN LOCAL SCHOOLS FOCUSED ON EQUITY, DIVERSITY, AND INCLUSION; PROFESSIONAL DEVELOPMENT FOR CLASSROOM TEACHERS AND TEACHING ARTISTS; AND THEATRE CLASSES FOR YOUTH AND ADULTS,CULTIVATING THE NEXT GENERATION OF AMERICAN THEATER VOICES, MAKERS, AND SUPPORTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James N Heston Chairman | OfficerTrustee | 6 | $0 |
Penelope E Lattimer President | OfficerTrustee | 6 | $0 |
Philip L Kirstein Vice President | OfficerTrustee | 5 | $0 |
Ronald Bleich Treasurer | OfficerTrustee | 5 | $0 |
Sharon Karmazin Secretary | OfficerTrustee | 2 | $0 |
Wanda J Blanchett Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,722,130 |
| Investment income | $4,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $322,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,837,551 |
| Statement of Expenses | |
|---|---|
| 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. | $326,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,027,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $330,420 |
| Payroll taxes | $333,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,358 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $106,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,051 |
| Insurance | $86,828 |
| All other expenses | $0 |
| Total functional expenses | $6,978,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,223 |
| Savings and temporary cash investments | $3,485,681 |
| Pledges and grants receivable | $1,385,927 |
| Accounts receivable, net | $731,200 |
| 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 | $96,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $200,020 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,933 |
| Total assets | $6,896,308 |
| Accounts payable and accrued expenses | $174,415 |
| Grants payable | $0 |
| Deferred revenue | $651,370 |
| 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 | $276,199 |
| Total liabilities | $1,101,984 |
| Net assets without donor restrictions | $890,633 |
| Net assets with donor restrictions | $4,903,691 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,794,324 |