Ocean City Theatre Company
- Assets
- $167.4k
- Revenue
- $371.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Ocean City, NJ
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 26-2847292
Organization Overview
Ocean City Theatre Company is located in Ocean City, NJ. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean City Theatre Company 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 12/2021, Ocean City Theatre Company generated $371.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $266.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE LIVE THEATRE PERFORMANCES IN OCEAN CITY, NEW JERSEY AND THE SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRODUCTION AND PERFORMANCE OF LIVE THEATRE ENTERTAINMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Bretherick Managing Director | 40 | $41,755 | |
Karen Del Sordo Vice President | Trustee | 2 | $0 |
Michele Miller Trustee | Trustee | 2 | $0 |
Janice Hartman Treasurer | Trustee | 2 | $0 |
Dana Linthicum Trustee | Trustee | 2 | $0 |
Hank Glaser Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $179,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,374 |
| Total Program Service Revenue | $94,871 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,141 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,209 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,967 |
| 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 | $41,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,437 |
| Office expenses | $7,544 |
| Information technology | $0 |
| Royalties | $20,785 |
| Occupancy | $42,635 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,576 |
| All other expenses | $865 |
| Total functional expenses | $266,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,391 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,050 |
| Total assets | $167,441 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,551 |
| Total liabilities | $1,551 |
| Net assets without donor restrictions | $165,890 |
| Net assets with donor restrictions | $0 |
| 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 | $167,441 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ocean City Theatre Company has recieved totaling $4,150.
| Awarding Organization | Amount |
|---|---|
Bill And Nancy Hughes Performing Arts Center Fund Ocean City, NJ PURPOSE: DONATION | $3,000 |
Schultz-Hill Foundation Atlantic City, NJ PURPOSE: GRANT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
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 |
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 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |