Chicago Theatre Group Inc
- Assets
- $67.2m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 352
- Location
- Chicago, IL
- Founding
- 03/1977
- Data as of
- 08/2021
- EIN
- 36-2896025
Organization Overview
Chicago Theatre Group Inc, operating under the name Goodman Theatre, is located in Chicago, IL. The organization was established in 1977. 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 08/2021, Goodman Theatre employed 352 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodman Theatre 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 08/2021, Goodman Theatre generated $13.3m 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 (12.6%) each year. All expenses for the organization totaled $14.8m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) 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
GOODMAN THEATRE IS AN ARTISTIC AND COMMUNITY INSTITUTION IN CHICAGO WITH A DEDICATION TO THE ART OF THEATER AND CIVIC ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODMAN THEATRE, CHICAGO'S OLDEST AND LARGEST NOT-FOR-PROFIT THEATER, IS INTERNATIONALLY RECOGNIZED FOR ITS ARTISTS, PRODUCTIONS AND EDUCATIONAL PROGRAMS. WITH DEPTH AND DIVERSITY OF ARTISTIC LEADERSHIP, THE GOODMAN IS COMMITTED TO PRODUCING BOTH CLASSIC AND CONTEMPORARY WORKS, GIVING FULL VOICE TO A WIDE RANGE OF ARTISTS AND VISIONS. THE THEATRE IS RENOWNED FOR THE EXCELLENCE OF ITS MANY COMMUNITY AND EDUCATIONAL PROGRAMS. THE GOODMAN OFFERS NATIONALLY RECOGNIZED PROGRAMS TO THE CHICAGO COMMUNITY FOR STUDENTS OF ALL AGES. ADDITIONALLY, THE THEATRE OFFERS EDUCATIONAL MATERIALS THAT NOT ONLY ENRICH THE THEATER-GOING EXPERIENCE, BUT IMPACT LEARNING AND HELP DEVELOP CRITICAL THINKING SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Robert Falls Artistic Director | OfficerTrustee | 40 | $551,892 |
Mr Roche Schulfer Executive Director | OfficerTrustee | 40 | $523,967 |
John Collins Managing Director/coo | Officer | 40 | $211,898 |
Dorlisa Martin Director Of Development | 40 | $190,499 | |
Denise Schneider Director Of Communications | 40 | $154,680 | |
Scott Conn Director Of Production & Operations | 40 | $148,868 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Christiana Tye Productions Llc Video Production | 8/30/21 | $229,085 |
Tessitura Network Ticketing/ Fundraising Software | 8/30/21 | $159,387 |
Knickerbocker Roofing Roofing Maint/repair | 8/30/21 | $126,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,025,469 |
| Related organizations | $0 |
| Government grants | $4,929,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,562,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,517,742 |
| Total Program Service Revenue | $295,183 |
| Investment income | $608,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $206 |
| Net Rental Income | $14,906 |
| Net Gain/Loss on Asset Sales | $983,277 |
| Net Income from Fundraising Events | -$111,762 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$44,466 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,268,580 |
| 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. | $1,480,807 |
| Compensation of current officers, directors, key employees. | $408,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,167,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $947,054 |
| Payroll taxes | $470,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,513 |
| Fees for services: Accounting | $47,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,362 |
| Fees for services: Other | $1,024,651 |
| Advertising and promotion | $284,620 |
| Office expenses | $26,449 |
| Information technology | $0 |
| Royalties | $63,565 |
| Occupancy | $680,365 |
| Travel | $96,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $411,957 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,300,771 |
| Insurance | $142,201 |
| All other expenses | $639,764 |
| Total functional expenses | $14,805,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,737,568 |
| Savings and temporary cash investments | $75,809 |
| Pledges and grants receivable | $2,886,564 |
| Accounts receivable, net | $650,706 |
| 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 | $866,850 |
| Net Land, buildings, and equipment | $30,083,969 |
| Investments—publicly traded securities | $29,923,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,225,016 |
| Accounts payable and accrued expenses | $4,643,149 |
| Grants payable | $0 |
| Deferred revenue | $3,378,309 |
| Tax-exempt bond liabilities | $21,258,976 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,293,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $390,340 |
| Total liabilities | $32,963,868 |
| Net assets without donor restrictions | $24,869,774 |
| Net assets with donor restrictions | $9,391,374 |
| 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 | $67,225,016 |
Grants Recieved
Over the last fiscal year, we have identified 38 grants that Chicago Theatre Group Inc has recieved totaling $2,414,395.
| Awarding Organization | Amount |
|---|---|
Walter Family Foundation Chicago, IL PURPOSE: FOR EDUCATION AND COMMUNITY PROGRAMS | $850,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $325,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $257,850 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN RENEWED SUPPORT OF GENERAL OPERATIONS. | $100,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $100,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN RENEWED SUPPORT OF GENERAL OPERATIONS. | $100,000 |
Endowment Analysis
| Beg. Balance | $29,536,770 |
| Earnings | $4,326,520 |
| Other Expense | $2,130,176 |
| Ending Balance | $31,733,114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |