Wilma Theater Inc
- Assets
- $8.2m
- Revenue
- $3.2m
- Investments
- $3.4m
- Employees
- 129
- Location
- Philadelphia, PA
- Founding
- 01/1975
- Data as of
- 07/2021
- 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 07/2021, Wilma Theater Inc employed 129 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 07/2021, Wilma Theater Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.3m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
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 |
|---|---|---|---|
Blanka Zizka Co-Artistic Director | Officer | 40 | $96,827 |
Leigh Goldenberg Managing Director | Officer | 40 | $75,192 |
Yury Urnov Co-Artistic Director | Officer | 40 | $57,331 |
James Ijames Co-Artistic Director | Officer | 40 | $16,823 |
Morgan Green Co-Artistic Director | Officer | 40 | $13,846 |
Tim Sabol Board Member | Trustee | 0 | $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 | $54,085 |
| Related organizations | $0 |
| Government grants | $358,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,398,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,810,379 |
| Total Program Service Revenue | $193,129 |
| Investment income | $187,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,218 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,242,506 |
| 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. | $277,401 |
| Compensation of current officers, directors, key employees. | $95,200 |
| Compensation to disqualified persons | $978,242 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $13,968 |
| Other employee benefits | $82,746 |
| Payroll taxes | $120,972 |
| Fees for services: Management | $72,539 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $79,247 |
| Office expenses | $9,296 |
| Information technology | $0 |
| Royalties | $15,050 |
| Occupancy | $0 |
| Travel | $20,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $417,067 |
| Insurance | $56,345 |
| All other expenses | $415,158 |
| Total functional expenses | $3,264,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $955,147 |
| Savings and temporary cash investments | $564,614 |
| Pledges and grants receivable | $1,016,791 |
| Accounts receivable, net | $14,658 |
| 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 | $72,254 |
| Net Land, buildings, and equipment | $2,158,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,397,719 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,084 |
| Total assets | $8,201,466 |
| Accounts payable and accrued expenses | $183,113 |
| Grants payable | $0 |
| Deferred revenue | $397,893 |
| 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 | $43,858 |
| Total liabilities | $624,864 |
| Net assets without donor restrictions | $5,057,878 |
| Net assets with donor restrictions | $2,518,724 |
| 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 | $8,201,466 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Wilma Theater Inc has recieved totaling $1,560,190.
| Awarding Organization | Amount |
|---|---|
University Of The Arts Philadelphia, PA PURPOSE: ARTS AND CULTURAL PROJECTS | $270,000 |
William Penn Foundation Philadelphia, PA PURPOSE: CORE SUPPORT 2020 | $200,000 |
William Penn Foundation Philadelphia, PA PURPOSE: CORE SUPPORT 2020 | $200,000 |
William Penn Foundation Philadelphia, PA PURPOSE: PORTABLE STUDIO | $133,334 |
William Penn Foundation Philadelphia, PA PURPOSE: PORTABLE STUDIO | $133,333 |
Barra Foundation Inc Philadelphia, PA PURPOSE: CATALYST FUND GRANT | $125,000 |
Endowment Analysis
| Beg. Balance | $3,685,931 |
| Earnings | $520,174 |
| Other Expense | $440,000 |
| Ending Balance | $3,766,105 |
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 |