Legacy Theatre
- Assets
- $5.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Branford, CT
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-2855557
Organization Overview
Legacy Theatre is located in Branford, CT. The organization was established in 2012. 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 12/2021, Legacy Theatre employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy 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 12/2021, Legacy Theatre generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 34.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LEGACY THEATRE IS A PROFESSIONAL THEATER COMPANY THAT ENHANCES THE CONNECTICUT SHORELINE'S ECONOMY, EDUCATIONAL OPPORTUNITIES AND QUALITY OF LIFE THROUGH LIVE THEATER AND RELATED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 SEASON OF PERFORMANCES, EVENTS, CLASSES AND WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keely Baisden Knudsen Artistic Director | OfficerTrustee | 40 | $63,852 |
Stephanie Williams President | OfficerTrustee | 40 | $1,800 |
Jana Shea Vice President | OfficerTrustee | 3 | $0 |
Kathleen Murphy Secretary | OfficerTrustee | 5 | $0 |
John Williams Treasurer | OfficerTrustee | 10 | $0 |
Earl Tucker Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $999,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $999,577 |
| Total Program Service Revenue | $299,665 |
| Investment income | $369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,649 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,296,962 |
| 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. | $63,852 |
| Compensation of current officers, directors, key employees. | $11,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,733 |
| Payroll taxes | $12,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,328 |
| Fees for services: Accounting | $5,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,088 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,643 |
| Advertising and promotion | $22,239 |
| Office expenses | $30,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,984 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,611 |
| Insurance | $19,819 |
| All other expenses | $0 |
| Total functional expenses | $1,020,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,266 |
| 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 | $500 |
| Net Land, buildings, and equipment | $5,687,806 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,919,572 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,400,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,006,521 |
| Total liabilities | $4,406,521 |
| Net assets without donor restrictions | $1,513,051 |
| 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 | $5,919,572 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Legacy Theatre has recieved totaling $248,131.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $200,000 |
Seedlings Foundation Branford, CT PURPOSE: HUMANITARIAN/EDUCATIONAL/COMMUNITY | $40,000 |
Jane And William Curran Foundation Inc Palm Coast, FL PURPOSE: THEATRE AND EDUCATION | $5,000 |
Mfund Inc Guilford, CT PURPOSE: GENERAL SUPPORT | $2,000 |
The Africa Plan Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |