City Theatre Company Inc
- Assets
- $7.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 105
- Location
- Pittsburgh, PA
- Founding
- 04/1988
- Data as of
- 06/2021
- EIN
- 25-1554580
Organization Overview
City Theatre Company Inc is located in Pittsburgh, PA. The organization was established in 1988. 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 06/2021, City Theatre Company Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Theatre Company 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 06/2021, City Theatre Company Inc generated $2.3m 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 (4.4%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) 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
TO PROVIDE AN ARTISTIC HOME FOR THE DEVELOPMENT AND PRODUCTION OF CONTEMPORARY PLAYS THAT ENGAGE AND CHALLENGE A DIVERSE AUDIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN ARTISTIC HOME FOR THE DEVELOPMENT AND PRODUCTION OF CONTEMPORARY PLAYS THAT ENGAGE AND CHALLENGE A DIVERSE AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Masterson Artistic Dir. | Trustee | 40 | $102,844 |
James Mcneel Managing Direct | Officer | 40 | $99,968 |
K Scott Baker Vice President | OfficerTrustee | 1 | $0 |
Matthew Galando Secretary | OfficerTrustee | 1 | $0 |
Caitlin Green Treasurer | OfficerTrustee | 1 | $0 |
Alex Condron President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $604,390 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,380,650 |
| Noncash contributions included in lines 1a–1f | $64,898 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,985,040 |
| Total Program Service Revenue | $173,581 |
| Investment income | $80,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,978 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,300,525 |
| 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. | $200,451 |
| Compensation of current officers, directors, key employees. | $47,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $748,065 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,675 |
| Payroll taxes | $56,247 |
| 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 | $0 |
| Office expenses | $16,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,258 |
| Insurance | $37,372 |
| All other expenses | $138,968 |
| Total functional expenses | $2,051,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,547 |
| Savings and temporary cash investments | $1,177,373 |
| Pledges and grants receivable | $157,030 |
| 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 | $3,923 |
| Prepaid expenses and deferred charges | $77,981 |
| Net Land, buildings, and equipment | $5,531,987 |
| Investments—publicly traded securities | $742,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,652 |
| Total assets | $7,755,633 |
| Accounts payable and accrued expenses | $79,691 |
| Grants payable | $0 |
| Deferred revenue | $327,017 |
| 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 | $680,269 |
| Unsecured mortgages and notes payable | $329,200 |
| Other liabilities | $0 |
| Total liabilities | $1,416,177 |
| Net assets without donor restrictions | $3,119,587 |
| Net assets with donor restrictions | $3,219,869 |
| 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 | $7,755,633 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that City Theatre Company Inc has recieved totaling $1,190,944.
| Awarding Organization | Amount |
|---|---|
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TOWARD SUPPORT OF OPERATIONS | $250,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TOWARD SUPPORT OF OPERATIONS | $250,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $100,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: FOR REOPENING THE ORGANIZATION'S VENUE SAFELY IN 2021-2022 THROUGH CAPITAL IMPROVEMENTS AND/OR ACTIVITIES THAT HELP TO POSITION THE ORGANIZATION FOR THE POST-COVID-19 PANDEMIC ENVIRONMENT | $100,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: FOR ONE YEAR OPERATING SUPPORT (2022) | $95,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: ARTS, CULTURE AND HUMANITIES | $92,463 |
Endowment Analysis
| Beg. Balance | $2,668,755 |
| Ending Balance | $2,668,755 |
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 |