Music Theater Works
- Assets
- $813.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Wilmette, IL
- Founding
- 06/1981
- Data as of
- 01/2022
- EIN
- 36-3125199
Organization Overview
Music Theater Works is located in Wilmette, IL. The organization was established in 1981. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 01/2022, Music Theater Works employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Theater Works 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 01/2022, Music Theater Works generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.3m during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PUBLIC AWARENESS OF MUSIC THEATRE AND OPERATIC ART FORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRODUCE AND PRESENT MUSIC THEATER FROM A VARIETY OF WORLD TRADITIONS AND TO INFORM THE PUBLIC ABOUT MUSIC THEATER THROUGH OUTREACH AND EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Westphal Vice President | OfficerTrustee | 3 | $0 |
Luther Goins Managing Director | Officer | 40 | $0 |
Joseph Greco MD Director | Trustee | 3 | $0 |
Valerie Larson Director | Trustee | 3 | $0 |
Morris Robinson Director | Trustee | 3 | $0 |
Kate Mattson Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $383,143 |
| Total Program Service Revenue | $862,071 |
| Investment income | $22,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,107 |
| 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 | $1,440,067 |
| 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 | $268,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $123,968 |
| Office expenses | $19,372 |
| Information technology | $0 |
| Royalties | $37,802 |
| Occupancy | $52,850 |
| 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 | $19,700 |
| Insurance | $75,691 |
| All other expenses | $127,777 |
| Total functional expenses | $1,307,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,202 |
| 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 | $39,318 |
| Net Land, buildings, and equipment | $587,085 |
| Investments—publicly traded securities | $76,014 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,550 |
| Total assets | $813,169 |
| Accounts payable and accrued expenses | $19,653 |
| Grants payable | $0 |
| Deferred revenue | $179,801 |
| 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 | $69,060 |
| Other liabilities | $0 |
| Total liabilities | $268,514 |
| Net assets without donor restrictions | $544,655 |
| 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 | $813,169 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Music Theater Works has recieved totaling $171,068.
| Awarding Organization | Amount |
|---|---|
Walder Family Foundation Wilmington, DE PURPOSE: AUDIENCE DEVELOPMENT AND COMMUNITY ENGAGEMENT | $60,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $35,750 |
Bayless Family Foundation Chicago, IL PURPOSE: TO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS. | $25,000 |
John R Halligan Charitable Fund Bannockburn, IL PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $15,000 |
Independent Charitable Gift Fund Hudson, OH PURPOSE: GENERAL SUPPORT | $15,000 |
Richard And Margaret Romano Charitable Tr Evanston, IL PURPOSE: SUPPORT LIFE ART/MUSIC PROGRAMS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opera Theatre Of Saint Louis St Louis, MO | $111,453,146 | $9,625,492 |
Lyric Opera Of Kansas City Inc Kansas City, MO | $27,451,625 | $5,560,944 |
Des Moines Metro Opera Inc Indianola, IA | $7,229,930 | $5,531,970 |
Skylight Music Theatre Corp Milwaukee, WI | $3,450,356 | $3,977,944 |
Florentine Opera Co Inc Milwaukee, WI | $7,598,617 | $5,457,526 |
Chicago Opera Theater Chicago, IL | $1,804,521 | $2,733,025 |
Kentucky Opera Association Inc Louisville, KY | $4,939,443 | $2,050,260 |
Madison Opera Inc Madison, WI | $2,864,319 | $1,938,281 |
Music Theater Works Wilmette, IL | $813,169 | $1,440,067 |
Indianapolis Opera Company Indianapolis, IN | $3,256,088 | $1,429,356 |
Chamber Opera Of Chicago Chicago, IL | $429,252 | $422,110 |
Pella Opera House Commission Pella, IA | $2,774,493 | $769,782 |