The Musical Theater Project
- Assets
- $1.2m
- Revenue
- $438.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Rocky River, OH
- Founding
- 07/2001
- Data as of
- 06/2021
- EIN
- 34-1950084
Organization Overview
The Musical Theater Project is located in Rocky River, OH. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Musical Theater Project employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musical Theater Project 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, Musical Theater Project generated $438.5k 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 (4.7%) each year. All expenses for the organization totaled $445.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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 FOSTER A DEEP APPRECIATION OF THE AMERICAN MUSICAL AND THE SOCIAL AND CULTURAL HISTORY THAT SURROUNDS IT BY CREATING PROGRAMS THAT EDUCATE AS WELL AS ENTERTAIN PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL PROGRAMS: DUE TO THE OUTBREAK OF COVID IN MARCH 2020, TMTP'S 'KIDS LOVE MUSICALS" COULD NOT BE OFFERED IN FY21, EXCEPT IN LIMITED ONLINE FORM. WHEN IT IS OPERATIONAL, "KIDS LOVE MUSICALS" RESIDENCY PROGRAM USES SONGS FROM CLASSIC AMERICAN MUSICALS TO INTRODUCE STUDENTS TO THE ART FORM. SCHOOLS INCLUDE PUBLIC, PRIVATE AND CHARTER SCHOOLS IN RURAL, SUBURBAN AND URBAN SETTINGS. TMTP'S OFFERINGS FOR INTERGENERATIONAL AND SPECIAL EDUCATION SETTINGS FOR SCHOOLS AND COMMUNITY ORGANIZATIONS WERE LIKEWISE CANCELED FOR ALL OF THE FY21 YEAR. IN FY21, TMTP CONCEIVED AND EXECUTED THE TEACHER PREPARATION GUIDE FOR THE CLEVELAND METROPOLITAN SCHOOL DISTRICT'S ALL-CITY MUSICAL AND WAS SIGNED AS THE PROJECT'S FISCAL AGENT, BUT THE PROJECT WAS CANCELED-PROBABLY UNTIL FY24.
CONCERTS & CABARETS: COVID DECIMATED TMTP'S LIVE CONCERTS AND CABARETS FROM APRIL 2020 UNTIL JANUARY 2022. THUS NO INDIVIDUALS WERE SERVED THROUGH THESE PROGRAMS DURING FY21.
ARCHIVAL PROJECTS-RADIO PROGRAMS AND RECORDINGS: UNAFFECTED BY COVID, TMTP PRODUCED 52 INSTALLMENTS OF THE RADIO PROGRAM FOOTLIGHT PARADE/ON THE AISLE, HEARD WEEKLY ON MORE THAN 100 PUBLIC STATIONS AROUND THE COUNTRY. THE PROGRAM HAS MORE THAN 100,000 LISTENERS EACH YEAR IN NORTHEAST OHIO ON WCLV. IN ADDITION, THE PROGRAM WAS UPLOADED EACH WEEK FOR ONLINE STREAMING AT WWW.PRX.ORG UNDER THE TITLE "ON THE AISLE,- AND THE PROGRAM IS BROADCAST TWICE A WEEK ON SIRIUS XM SATELLITE RADIO ON BROADWAY CHANNEL 77. EPISODES INCLUDED THEMES SUCH AS "STAR QUALITY-THE WOMEN- AND "SHAKESPEARE ON BROADWAY; "SPOTLIGHT ON RICHARD GLAZIER," A DISCUSSION ABOUT MUSICAL THEATER SONGS BETWEEN BILL RUDMAN AND THE RENOWNED PIANIST; AND AN INTERVIEW WITH BROADWAY LEGEND HELEN GALLAGHER, NOW 95. TMTP'S RECORD LABEL, HARBINGER RECORDS, SPECIALIZES IN THE GREAT AMERICAN SONGBOOK - IN PARTICULAR, SONGS OF STAGE, SCREEN AND CABARET. TMTP PRODUCED ONE OPERETTA RECORDING IN FY21 IN PARTNERSHIP WITH THE SMITHSONIAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Rudman Artistic Dir | Officer | 40 | $48,125 |
Heather Meeker Former Exec | Officer | 40 | $48,125 |
Tracey Dwyer Former Manag | Officer | 40 | $0 |
Janet Kramer President | Officer | 1 | $0 |
Lorraine Szabo Secretary | Officer | 1 | $0 |
Michael Peterman Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,982 |
| Total Program Service Revenue | $93,277 |
| Investment income | $225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,549 |
| 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. | $68,349 |
| Compensation of current officers, directors, key employees. | $10,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,474 |
| Payroll taxes | $18,257 |
| 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 | $2,809 |
| Fees for services: Other | $96,875 |
| Advertising and promotion | $3,424 |
| Office expenses | $38,544 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,166 |
| Travel | $1,740 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $858 |
| Insurance | $2,208 |
| All other expenses | $287 |
| Total functional expenses | $445,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,355 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,305 |
| Prepaid expenses and deferred charges | $3,783 |
| Net Land, buildings, and equipment | $1,859 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $420,329 |
| Total assets | $1,189,546 |
| Accounts payable and accrued expenses | $25,300 |
| Grants payable | $0 |
| Deferred revenue | $131,524 |
| 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 | $156,168 |
| Other liabilities | $0 |
| Total liabilities | $312,992 |
| Net assets without donor restrictions | $496,208 |
| Net assets with donor restrictions | $380,346 |
| 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 | $1,189,546 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Musical Theater Project has recieved totaling $80,250.
| Awarding Organization | Amount |
|---|---|
Kulas Foundation Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $35,000 |
Independent Charitable Gift Fund Hudson, OH PURPOSE: GENERAL SUPPORT | $20,000 |
Cleveland Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT | $12,250 |
John P Murphy Foundation Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $10,000 |
The Frederick Loewe Foundation Inc New York, NY PURPOSE: GENERAL PURPOSES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Progressnow Education Lansing, MI | $1,591,280 | $29,411,544 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Benefits Data Trust Philadelphia, PA | $35,254,049 | $26,526,932 |
Voices For Independence Erie, PA | $11,834,971 | $20,276,084 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |