Wilma Theater Inc
- Assets
- $4.8m
- Revenue
- $2.9m
- Investments
- $1.4m
- Employees
- 142
- Location
- Philadelphia, PA
- Founding
- 01/1975
- Data as of
- 07/2023
- EIN
- 23-7425668
Organization Overview
Wilma Theater Inc is located in Philadelphia, PA. The organization was established in 1975. 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 07/2023, Wilma Theater Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilma 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 07/2023, Wilma Theater Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $4.2m during the year ending 07/2023. 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
THEATRICAL PRODUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER COMPANY COLLABORATIVE ARTISTS AND THEATER WORKSHOP PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Sabol Treasurer | Trustee | 0.5 | $0 |
Peggy Greenawalt Board Member | Trustee | 0.5 | $0 |
Jeffrey Harbison Board Member | Trustee | 0.5 | $0 |
Albert Wolf Board Member | Trustee | 0.5 | $0 |
Linda Glickstein Board Member | Trustee | 0.5 | $0 |
Mark Dichter Secretary | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flatiron Building Company Construction Contractor Fees | 7/30/18 | $595,198 |
City Signs Inc Marquee And Other Signage Construction A | 7/30/18 | $201,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,050 |
| Related organizations | $0 |
| Government grants | $71,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,101,085 |
| Noncash contributions included in lines 1a–1f | $3,514 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,257,500 |
| Total Program Service Revenue | $287,415 |
| Investment income | $177,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,689 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,434 |
| Net Income from Fundraising Events | -$1,109 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,896,514 |
| 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. | $291,425 |
| Compensation of current officers, directors, key employees. | $100,425 |
| Compensation to disqualified persons | $1,410,198 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $19,429 |
| Other employee benefits | $122,956 |
| Payroll taxes | $141,426 |
| Fees for services: Management | $200,876 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75,347 |
| Office expenses | $11,718 |
| Information technology | $0 |
| Royalties | $25,236 |
| Occupancy | $0 |
| Travel | $22,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $356,537 |
| Insurance | $110,731 |
| All other expenses | $502,730 |
| Total functional expenses | $4,187,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,544 |
| Savings and temporary cash investments | $270,147 |
| Pledges and grants receivable | $1,052,756 |
| Accounts receivable, net | $56,998 |
| 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 | $41,555 |
| Net Land, buildings, and equipment | $1,543,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,401,938 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,377 |
| Total assets | $4,767,967 |
| Accounts payable and accrued expenses | $179,271 |
| Grants payable | $0 |
| Deferred revenue | $107,914 |
| 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 | $88,091 |
| Total liabilities | $375,276 |
| Net assets without donor restrictions | $1,850,196 |
| Net assets with donor restrictions | $2,542,495 |
| 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 | $4,767,967 |