Central Square Theater Inc
- Assets
- $2.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 38
- Location
- Cambridge, MA
- Founding
- 05/2008
- Data as of
- 06/2022
- EIN
- 26-1323224
Organization Overview
Central Square Theater Inc is located in Cambridge, MA. The organization was established in 2008. 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, Central Square Theater Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Square 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 06/2022, Central Square Theater Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL SQUARE THEATER EXPLORES SOCIAL JUSTICE, SCIENCE AND IDENTITY POLITICS THROUGH THEATER. COMBINING ARTISTIC EXCELLENCE, CROSS DISCIPLINARY COLLABORATION AND COMMUNITY ENGAGEMENT, CST UPLIFTS STORIES WHERE POINTS OF VIEW ARE HEARD, PERSPECTIVE SHIFTS, AND CHANGE CAN HAPPEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL SQUARE THEATER IS A STATE-OF-THE-ART THEATRICAL ARTS FACILITY. AS A CULTURAL ANCHOR IN THE COMMUNITY, SCHOOLS, FAMILIES, AND COMMUNITY GROUPS BENEFIT FROM OUTREACH AND EDUCATIONAL PROGRAMS, AND THE LOCAL ECONOMY IS BOOSTED BY THE OVER 26,000 AUDIENCE MEMBERS THAT VISIT CST EACH YEAR AND ENJOY THE MULTICULTURAL, MULTI-GENERATIONAL, URBAN ENVIRONMENT OF CENTRAL SQUARE, CAMBRIDGE. CENTRAL SQUARE THEATER IS A VIBRANT HUB OF THEATRICAL, EDUCATIONAL AND SOCIAL ACTIVITY, WHERE ARTISTS AND AUDIENCES COME TOGETHER TO CREATE THEATER VITAL TO THE COMMUNITY. THE THEATER IS DEDICATED TO PROVIDING AFFORDABLE TICKET PRICES FOR UNDERSERVED COMMUNITIES AND OFFERS FREE OR DISCOUNTED TICKETS TO MANY LOCAL NON-PROFIT ORGANIZATIONS. IT ALSO HOSTS COLLABORATIVE PROJECTS SUCH AS CATALYST COLLABORATIVE@MIT FOR SCIENCE THEATER, YOUTH UNDERGROUND FOR TEENS, AND CLASSES AND WORKSHOPS FOR ALL AGES YEAR-ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Roberts Chair Of The Board | OfficerTrustee | 2 | $0 |
Betsy Groban Vice Chair | OfficerTrustee | 2 | $0 |
Allison Coleman Treasurer | OfficerTrustee | 2 | $0 |
Mary Dill Clerk | OfficerTrustee | 2 | $0 |
Lee Mikeska Gardner Board Member | Trustee | 40 | $41,337 |
Betsy Bard Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $594,361 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,861 |
| Total Program Service Revenue | $464,966 |
| Investment income | $1,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,974,370 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,062 |
| Payroll taxes | $57,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,745 |
| Advertising and promotion | $86,574 |
| Office expenses | $17,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,082 |
| Travel | $18,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,437 |
| Insurance | $12,889 |
| All other expenses | $47,270 |
| Total functional expenses | $1,613,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $948,407 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,310 |
| 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 | $35,735 |
| Net Land, buildings, and equipment | $1,027,089 |
| Investments—publicly traded securities | $1,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,833 |
| Total assets | $2,102,581 |
| Accounts payable and accrued expenses | $42,177 |
| Grants payable | $0 |
| Deferred revenue | $158,569 |
| 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 | $220,842 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $364,605 |
| Total liabilities | $786,193 |
| Net assets without donor restrictions | $1,236,388 |
| Net assets with donor restrictions | $80,000 |
| 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 | $2,102,581 |