Wellesley Theatre Project Inc
- Assets
- $1.4m
- Revenue
- $864.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Wellesley, MA
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-4189831
Organization Overview
Wellesley Theatre Project Inc is located in Wellesley, MA. 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 12/2022, Wellesley Theatre Project Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellesley Theatre Project 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 12/2022, Wellesley Theatre Project Inc generated $864.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $904.7k during the year ending 12/2022. While expenses have increased by 13.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER YOUTH WITH LIFE SKILLS THROUGH PERFORMING ARTS EDUCATION WHICH IMPROVES THE QUALITY OF LIVES THROUGH COLLABORATION, CULTURAL, AND SOCIAL UNDERSTANDING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMING ARTS EDUCATION TO APPROXIMATELY 200 YOUTHS IN GRADES K TO 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hillary Drew Executive Director | Trustee | 40 | $63,769 |
Michael Scholl Director | Trustee | 4 | $0 |
Benjamin Rush Artistic Director | Trustee | 35 | $63,769 |
Susan Cable Treasurer | OfficerTrustee | 10 | $0 |
Peggy Ho Secretary | OfficerTrustee | 4 | $0 |
Sharon Gray Director | Trustee | 4 | $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 | $176,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,632 |
| Total Program Service Revenue | $687,317 |
| Investment income | $40 |
| 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 | $863,989 |
| 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. | $127,538 |
| Compensation of current officers, directors, key employees. | $50,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,856 |
| Payroll taxes | $22,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,340 |
| Office expenses | $44,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,220 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,451 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,492 |
| Insurance | $0 |
| All other expenses | $16,211 |
| Total functional expenses | $904,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,776 |
| 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 | $13,000 |
| Prepaid expenses and deferred charges | $18,203 |
| Net Land, buildings, and equipment | $25,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,227,182 |
| Total assets | $1,412,716 |
| Accounts payable and accrued expenses | $17,602 |
| 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 | $112,368 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,113,283 |
| Total liabilities | $1,243,253 |
| Net assets without donor restrictions | $0 |
| 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 | $169,463 |
| Total liabilities and net assets/fund balances | $1,412,716 |