Music Theater Works
- Assets
- $764.8k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Wilmette, IL
- Founding
- 06/1981
- Data as of
- 01/2024
- 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 01/2024, Music Theater Works employed 11 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 01/2024, Music Theater Works generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.2m during the year ending 01/2024. While expenses have increased by 8.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2024
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 |
|---|---|---|---|
Kate Mattson Director | Trustee | 3 | $0 |
Joseph Greco MD Director | Trustee | 3 | $0 |
Valerie Larson Director | Trustee | 3 | $0 |
Sashs Gerrison Co Board President | Trustee | 3 | $0 |
Pamela Pettibone Director | Trustee | 3 | $0 |
Rachel Pethiyagado Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,400 |
| Total Program Service Revenue | $1,663,033 |
| Investment income | $8,762 |
| 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 | $1,916,070 |
| 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 | $332,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $80,115 |
| 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 | $0 |
| Fees for services: Other | $25,947 |
| Advertising and promotion | $230,660 |
| Office expenses | $30,996 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,593 |
| Travel | $1,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,416 |
| Insurance | $30,295 |
| All other expenses | $0 |
| Total functional expenses | $2,174,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,688 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,000 |
| 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 | $64,338 |
| Net Land, buildings, and equipment | $558,451 |
| Investments—publicly traded securities | $65,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,622 |
| Total assets | $764,760 |
| Accounts payable and accrued expenses | $92,708 |
| Grants payable | $0 |
| Deferred revenue | $128,598 |
| 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 | $225,000 |
| Other liabilities | $0 |
| Total liabilities | $446,306 |
| Net assets without donor restrictions | $318,454 |
| 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 | $764,760 |