Playwrights Center Inc
- Assets
- $4.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 210
- Location
- Minneapolis, MN
- Founding
- 09/1975
- Data as of
- 06/2023
- EIN
- 41-6170139
Organization Overview
Playwrights Center Inc is located in Minneapolis, MN. The organization was established in 1975. 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 06/2023, Playwrights Center Inc employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Playwrights Center Inc 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 06/2023, Playwrights Center Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $2.7m during the year ending 06/2023. While expenses have increased by 9.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PLAYWRIGHTS' CENTER SUSTAINS, DEVELOPS, AND ADVOCATES FOR PLAYWRIGHTS AND THEIR WORK TO REALIZE THEIR FULL ARTISTIC POTENTIAL.THROUGH THE PRACTICE OF INCLUSIVE THEATER-MAKING, PLAYWRIGHTS' CENTER FOSTERS ENGAGEMENT TOWARDS AN EQUITABLE, EMPATHETIC, AND BOUNDLESSLY IMAGINATIVE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIPSMADE POSSIBLE BY THE MCKNIGHT, JEROME, AND TIDES FOUNDATIONS, FELLOWSHIPS PROVIDE MORE THAN $366,887 EACH YEAR FOR RESIDENCIES, COMMISSIONS, HEALTH ANV LIVING STIPENDS, AND DEVELOPMENT FUNDS. THROUGH THESE FELLOWSHIPS, THE PLAYWRIGHTS' CENTER FUNCTIONS AS A HOME FOR : TWO MINNESOTA-BASED MCKNIGHT FELLOWS IN PLAYWRITING: ONE NATIONALLY-BASED MCKNIGHT NATIONAL RESIDENCY AND COMMISSION FELLOW, THREE MCKNIGHT THEATER ARTIST FELLOWS, FOUR NATIONALLY-BASED JEROME FELLOWSHIPS FOR EMERGING PLAYWRIGHTS; TWO MANY VOICES FELLOWS OF COLOR (ONE MINNESOTA-BASED); TWO MINNESOTA-BASED MANY VOICES MENTEES, AND THREE VENTUROUS PLAYWRIGHT FELLOWS EACH RECEIVE AN AWARD OF $50,000 OVER TWO YEARS, AS WELL AS A PRODUCTION SUBSIDY GRANT OF UP TO $50,000 TO SUPPORT A PRODUCTION OF THE PLAY AT A THEATER OF THE PLAYWRIGHT'S CHOOSING. THROUGHOUT THEIR TWO-YEAR FELLOWSHIPS, THE PLAYWRIGHTS ARE IN RESIDENCE AT THE PLAYWRIGHTS' CENTER WHERE THEY HAVE ACCESS TO AN INDIVIDUALLY-TAILORED LINEUP OF NEW PLAY DEVELOPMENT AND ADVOCACY RESOURCES.
CORE WRITER PROGRAMTHE CORE WRITER PROGRAM GIVES 25-30 PLAYWRIGHTS FROM ACROSS THE COUNTRY THE TIME AND TOOLS TO DEVELOP NEW WORKS FOR THE STAGE. ALL CORE WRITERS RECEIVE PLAY DEVELOPMENT WORKSHOPS AT THE CENTER IN COLLABORATION WITH PROMINENT DIRECTORS, ACTORS, DRAMATURGS, AND DESIGNERS. SELECTED WORK BY CORE WRITERS MAKES UP THE FORMAL SEASON OF PUBLIC READINGS: THE ANNUAL PLAYLABS FESTIVAL AND RUTH EASTON NEW PLAY SERIES. THE CENTER ALSO PROMOTES CORE WRITERS AND GIVES THEM OPPORTUNITIES TO CONNECT WITH PRODUCING THEATERS, COLLEGES, AND UNIVERSITIES THROUGH THE REGULARS AND NEW PLAYS ON CAMPUS PROGRAMS.
MEMBERSHIPMEMBERSHIP IS OPEN TO ALL AND PROVIDES MORE THAN 2,500 PLAYWRIGHTS WORLDWIDE WITH TOOLS, RESOURCES, AND SUPPORT. BENEFITS INCLUDE A DATABASE OF PLAYWRITING OPPORTUNITIES, ONLINE AND IN-PERSON CLASSES AND SEMINARS, ACCESS TO READINGS WITH PROFESSIONAL ACTORS, DRAMATURGICAL SERVICES, AND MORE. IN ADDITION, THE PLAYWRIGHTS' CENTER'S NEW PLAYS ON CAMPUS PROGRAM SERVES DOZENS OF COLLEGES AND UNIVERSITIES NATIONWIDE, PROVIDING SCRIPT-MATCHING SERVICES, ARRANGING PLAYWRIGHT RESIDENCIES, AND OFFERING IMMERSIVE APPRENTICESHIPS TO STUDENT PLAYWRIGHTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Bores Director | Trustee | 0.5 | $0 |
Maura Brew Vice President | OfficerTrustee | 0.5 | $0 |
Geoffrey Curley Director | Trustee | 0.5 | $0 |
Harrison David Rivers President | OfficerTrustee | 0.5 | $0 |
Karl Gajdusek Director | Trustee | 0.5 | $0 |
Jodi Grundyson Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lb Playwrights 710 Llc Playwrights' Center - Building Project | 6/29/23 | $114,056 |
Hga Playwrights' Center-new Home Project-ren | 6/29/23 | $359,152 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $165,955 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $412,733 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,116,366 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,695,054 |
| Total Program Service Revenue | $118,742 |
| Investment income | $1,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,282 |
| 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 | $1,817,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $377,703 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $286,340 |
| Compensation of current officers, directors, key employees. | $52,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,001,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,288 |
| Payroll taxes | $89,297 |
| 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 | $0 |
| Fees for services: Other | $240,643 |
| Advertising and promotion | $153 |
| Office expenses | $500 |
| Information technology | $79,777 |
| Royalties | $0 |
| Occupancy | $87,947 |
| Travel | $17,873 |
| 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 | $36,025 |
| Insurance | $17,581 |
| All other expenses | $70,617 |
| Total functional expenses | $2,734,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,676,162 |
| Accounts receivable, net | $8,750 |
| 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 | $7,199 |
| Net Land, buildings, and equipment | $2,138,271 |
| Investments—publicly traded securities | $376,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,479,068 |
| Accounts payable and accrued expenses | $295,343 |
| 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 | $1,430,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,725,343 |
| Net assets without donor restrictions | $1,075,908 |
| Net assets with donor restrictions | $1,677,817 |
| 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 | $4,479,068 |