Pabst Theater Foundation Inc
- Assets
- $13.1m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 109
- Location
- Milwaukee, WI
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 45-0482647
Organization Overview
Pabst Theater Foundation Inc, operating under the name Pabst Theater, is located in Milwaukee, WI. The organization was established in 2002. 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 12/2022, Pabst Theater employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pabst Theater 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 12/2022, Pabst Theater generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2022. 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
PROMOTION OF THE ARTS THROUGH THE MAINTENANCE AND OPERATION OF A COMMUNITY THEATER, ADDING TO THE CULTURAL VITALITY OF METRO MILWAUKEE AND SOUTHEASTERN WISCONSIN BY PRESENTING A WIDE RANGE OF ARTISTIC - SEE SCH O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF A WIDE VARIETY AND DIFFERENT TYPES OF ARTISTIC PERFORMANCES APPEALING TO A BROAD AND VARIED SCOPE OF AUDIENCES. DURING 2022 APPROXIMATELY 208 EVENTS AND PERFORMANCES WERE HELD.
RENTAL OF THE THEATER SPACE TO OTHER THEATER GROUPS, CIVIC ORGANIZATIONS, LOCAL GOVERNMENT AND THE GENERAL PUBLIC. DURING 2022 THE FACILITY WAS RENTED FOR 90 EVENTS AND PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Bartolotta President/director | OfficerTrustee | 10 | $28,473 |
Kevin Lindsey Director | Trustee | 0.5 | $0 |
Paul Luber Director | Trustee | 0.5 | $0 |
Julie Cudahy Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ptg Live Events Llc Management | 12/30/22 | $1,265,733 |
Jwc Building Specialties Inc Contractor | 12/30/22 | $250,566 |
United Talent Promoter | 12/30/22 | $214,953 |
Aeg Presents Promoter | 12/30/22 | $197,576 |
Turner Hall Ballroom Rental | 12/30/22 | $230,630 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $737,603 |
| 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 | $737,603 |
| Total Program Service Revenue | $7,413,729 |
| Investment income | $100,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$250,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,001,348 |
| 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. | $28,473 |
| Compensation of current officers, directors, key employees. | $4,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,460 |
| Payroll taxes | $17,200 |
| 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 | $28,442 |
| Fees for services: Other | $21,825 |
| Advertising and promotion | $3,448 |
| Office expenses | $10,680 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $581,961 |
| 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 | $370,779 |
| Insurance | $39,076 |
| All other expenses | $0 |
| Total functional expenses | $7,662,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,005,138 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,251 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,412 |
| Prepaid expenses and deferred charges | $49,949 |
| Net Land, buildings, and equipment | $3,798,700 |
| Investments—publicly traded securities | $4,940,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,123,918 |
| Accounts payable and accrued expenses | $3,689,080 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,689,080 |
| Net assets without donor restrictions | $6,513,812 |
| Net assets with donor restrictions | $2,921,026 |
| 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 | $13,123,918 |