Portland Stage Company Inc
- Assets
- $6.7m
- Revenue
- $2.6m
- Investments
- $967.0k
- Employees
- 48
- Location
- Portland, ME
- Founding
- 07/1975
- Data as of
- 06/2021
- EIN
- 51-0143171
Organization Overview
Portland Stage Company Inc is located in Portland, ME. 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 06/2022, Portland Stage Company Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Stage Company 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 06/2021, Portland Stage Company Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. 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
TO ENTERTAIN, EDUCATE AND ENGAGE ITS AUDIENCES BY PRODUCING A WIDE RANGE OF ARTISTIC WORKS AND PROGRAMS THAT EXPLORE BASIC HUMAN ISSUES AND CONCERNS RELEVANT TO THE COMMUNITIES SERVED BY THE THEATER. OUR GUIDING PRINCIPLE IS TO PROMOTE CREATIVITY AND DIALOGUE AMONG ARTISTS, STAFF, BOARD MEMBERS AND AUDIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTLAND STAGE IS A HUB OF CREATIVE ACTIVITY CONNECTING OUR COMMUNITY TO OUTSTANDING THEATRICAL EXPERIENCES. THROUGH OUR MAINSTAGE SHOWS, ACCLAIMED NEW WORK INITIATIVES AND EDUCATION PROGRAMS, WE PROVIDE A DIVERSE RANGE OF PRODUCTIONS AND PROGRAMS THAT CHALLENGE THINKING AND PROMOTE EMPATHY, INVESTING IN THE FUTURE OF OUR ART FORM. DURING THE PANDEMIC, WE'VE FOUND SUCCESSFUL METHODS TO CONTINUE CREATING AND CONNECTING WITH OUR AUDIENCE. THE 2021-22 SEASON INCLUDED: EIGHT LIVE MAINSTAGE PRODUCTIONS THAT WERE ALSO AVAILABLE IN A VIRTUAL FORMAT; SEVERAL NEW PLAY DEVELOPMENT READING/WORKSHOPS; AND EDUCATION PROGRAMS ENGAGING NEARLY 4,000 STUDENTS AND OVER 200 TEACHERS. WE BELIEVE THAT THEATER IS ABOUT INCLUSIVITY; IT IS ABOUT OPENING OURSELVES TO SEE THE WORLD FROM ANOTHER PERSON'S PERSPECTIVE; IT IS ABOUT BUILDING COMMUNITY. OUR BOARD AND STAFF ARE CURRENTLY DEVELOPING A NEW STRATEGIC PLAN THAT SUPPORTS OUR GOAL OF INCLUSIVITY AND ANTI-RACISM, IN ADDITION TO WORKING TOWARD THE COMPLETION OF A $6M+ CAPITAL CAMPAIGN FOCUSED ON ACCESSIBILITY AND VISIBILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Stewart Executive Director | Officer | 40 | $88,688 |
Samantha Bowen VP Development | OfficerTrustee | 2 | $0 |
Darrell Pardy President | OfficerTrustee | 2 | $0 |
John Leonard VP Finance | OfficerTrustee | 2 | $0 |
Todd Nicholson VP Governance | OfficerTrustee | 2 | $0 |
Theresa Mccarthy VP Idea | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,364 |
| Related organizations | $0 |
| Government grants | $827,951 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,273,894 |
| Noncash contributions included in lines 1a–1f | $49,749 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,117,209 |
| Total Program Service Revenue | $303,218 |
| Investment income | $3,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $946 |
| Net Rental Income | $110,206 |
| Net Gain/Loss on Asset Sales | $21,897 |
| Net Income from Fundraising Events | $11,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,598,940 |
| 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. | $82,799 |
| Compensation of current officers, directors, key employees. | $16,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $659,521 |
| Pension plan accruals and contributions | $4,094 |
| Other employee benefits | $86,833 |
| Payroll taxes | $61,012 |
| 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 | $103,740 |
| Advertising and promotion | $78,593 |
| Office expenses | $22,475 |
| Information technology | $0 |
| Royalties | $11,468 |
| Occupancy | $132,265 |
| Travel | $200,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,477 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,602,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,129 |
| Savings and temporary cash investments | $2,008,904 |
| Pledges and grants receivable | $312,394 |
| Accounts receivable, net | $417,351 |
| 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 | $13,665 |
| Net Land, buildings, and equipment | $1,045,885 |
| Investments—publicly traded securities | $1,850,953 |
| Investments—other securities | $966,994 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,850 |
| Total assets | $6,688,125 |
| Accounts payable and accrued expenses | $14,470 |
| Grants payable | $0 |
| Deferred revenue | $363,914 |
| 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 | $828,844 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,217 |
| Total liabilities | $1,220,445 |
| Net assets without donor restrictions | $981,775 |
| Net assets with donor restrictions | $4,485,905 |
| 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 | $6,688,125 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Portland Stage Company Inc has recieved totaling $299,091.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Theater, COVID-19 Related Assistance | $114,200 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $55,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $38,700 |
Redmond Family Foundation Cape Elizabeth, ME PURPOSE: GENERAL SUPPORT | $27,031 |
Libra Foundation Owen W Wells Trustee Portland, ME PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $12,500 |
Endowment Analysis
| Beg. Balance | $2,817,948 |
| Earnings | -$359,497 |
| Net Contributions | $279,100 |
| Ending Balance | $2,737,551 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine State Music Theatre Brunswick, ME | $9,197,603 | $6,493,645 |
Capitol Center For The Arts Concord, NH | $13,056,892 | $5,892,075 |
New London Barn Playhouse Inc New London, NH | $7,309,403 | $2,095,434 |
Portland Stage Company Inc Portland, ME | $6,688,125 | $2,598,940 |
Seacoast Repertory Theatre Portsmouth, NH | $1,191,303 | $2,253,982 |
Penobscot Theatre Company Bangor, ME | $3,641,212 | $2,578,717 |
Lebanon Opera House Improvement Corporation Lebanon, NH | $2,023,821 | $1,823,144 |
Peterborough Players Inc Peterborough, NH | $4,369,183 | $1,738,482 |
Weathervane Theatre Players Inc Whitefield, NH | $1,429,928 | $645,823 |
L A Public Theatre Inc Lewiston, ME | $1,727,487 | $838,662 |
Theater At Monmouth Monmouth, ME | $1,320,073 | $458,729 |
Johnson Hall Inc Gardiner, ME | $650,332 | $692,025 |