Olney Theatre Corporation
- Assets
- $19.6m
- Revenue
- $10.0m
- Investments
- $2.0m
- Employees
- 329
- Location
- Olney, MD
- Founding
- 06/1979
- Data as of
- 07/2022
- EIN
- 52-1149571
Organization Overview
Olney Theatre Corporation is located in Olney, MD. The organization was established in 1979. 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 07/2023, Olney Theatre Corporation employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olney Theatre Corporation 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 07/2022, Olney Theatre Corporation generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $8.2m during the year ending 07/2022. While expenses have increased by 5.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S OBJECTIVES ARE THE PROMOTION AND PRODUCTION OF THEATRICAL WORKS, THROUGH THE PRESENTATION OF ORIGINAL, CLASSICAL AND EXPERIMENTAL PLAYS IN PUBLIC AND PRIVATE THEATRES AND AUDITORIUMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLNEY THEATRE PRODUCES LIVE THEATER IN OUR MAINSTAGE THEATER, 1938 ORIGINAL THEATRE, AND MULITZ-GUDELSKY THEATRE LAB ACROSS THREE RUBRICS: CONTEMPORARY, CLASSIC, AND FAMILY. EACH SEASON INCLUDES 7-9 PRODUCTIONS THAT MAKE-UP OUR MEMBERSHIP SERIES AND ARE AVAILABLE FOR SINGLE-TICKET PURCHASE. TITLES INCLUDE WORLD AND REGIONAL PREMIERES AND RE-IMAGINATIONS OF PLAYS AND MUSICALS THAT APPEAL TO A WIDE VARIETY OF INTERESTS. ADDITIONALLY, WE PRESENT THE WORK OF OTHER THEATER COMPANIES AND INDEPENDENT ARTISTS TO ADD TO THE VARIETY OF PROGRAMMING INCLUDING THEATER FOR YOUNG AUDIENCE (TYA) AND A SUMMER CONCERT SERIES ON THE ROOT FAMILY OUTDOOR STAGE. FURTHERMORE, OUR FACILITIES ARE HOST TO MULTIPLE FREE AND LOW-COST COMMUNITY AND ENGAGEMENT ACTIVITIES THROUGHOUT THE YEAR THAT RELATE TO OUR PRODUCTIONS AND PERFORMANCES.
RENTALS AND SALES OF PROPS/SETS.
THE NATIONAL PLAYERS, OLNEY THEATRE'S HISTORIC RESIDENT TOURING COMPANY, WAS IN OPERATION FOR HALF OF FY23 BEFORE TAKING A HIATUS DUE TO COVID-19 PANDEMIC IMPACT, LEADERSHIP CHANGE, AND GENERAL SHIFTS IN THE INDUSTRY RELATED TO TOURING. OLNEY THEATRE IS CURRENTLY REIMAGINING NATIONAL PLAYERS AS A MORE REGIONALLY BASED EDUCATION AND COMMUNITY ENGAGEMENT PROGRAM TO BETTER FIT THE NEEDS OF THE INDUSTRY AND REGIONAL COMMUNITY. IN FY23, THE NATIONAL PLAYERS BROUGHT THEIR WORK TO ELEMENTARY, MIDDLE AND HIGH SCHOOLS, AS WELL AS COMMUNITY CENTERS AND OTHER ORGANIZATIONS THAT DREW UNDERSERVED YOUTH AND ADULTS.
A CORE COMPONENT OF OLNEY THEATRE'S MISSION IS TO EDUCATE AND TRAIN THE NEXT GENERATION OF THEATER-MAKERS AND AUDIENCES. WE DO THIS THROUGH:1) THE APPRENTICE TRAINING PROGRAM WHERE 16 EARLY-CAREER THEATER PROFESSIONALS TRAIN ALONGSIDE PROFESSIONAL MENTORS FOR ONE YEAR; 2) THE OTC EDUCATION DEPARTMENT WHERE THREE STAFF MEMBERS AND OTC TEACHING ARTISTS CREATE AND IMPLEMENT OTC EDUCATION INITIATIVES; AND 3) THE ARTS INTEGRATION PROGRAM AND SUMMER CAMPS WHERE KIDS AGES 9-16 PARTICIPATE IN OUT-OF-SCHOOL AND IN-SCHOOL ACTIVITIES THAT CULTIVATE THEIR PERFORMING ARTS INTERESTS, IMPROVE SOCIO-EMOTIONAL HEALTH, AND GROW CREATIVE PROBLEM SOLVING AND COMMUNICATION SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Loewith Artistic Director | OfficerTrustee | 40 | $172,834 |
D Ellinghaus Managing Director | OfficerTrustee | 40 | $173,132 |
S Ames Board Member | Trustee | 1 | $0 |
B Audena Board Member | Trustee | 1 | $0 |
H Dlhopolsky Board Member | Trustee | 1 | $0 |
B Fleishman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eskew Dumez Ripple Architectural | 7/30/20 | $580,854 |
Wp Company Llc Advertising | 7/30/20 | $145,828 |
Soltesz Inc Consulting | 7/30/20 | $129,366 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,007,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,064,416 |
| Noncash contributions included in lines 1a–1f | $81,533 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,072,110 |
| Total Program Service Revenue | $2,731,378 |
| Investment income | $28,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,496 |
| Net Gain/Loss on Asset Sales | $950 |
| Net Income from Fundraising Events | $105,146 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,920 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,983,104 |
| 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. | $331,498 |
| Compensation of current officers, directors, key employees. | $76,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,230,026 |
| Pension plan accruals and contributions | $109,143 |
| Other employee benefits | $344,291 |
| Payroll taxes | $350,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,615 |
| Fees for services: Accounting | $18,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,214 |
| Advertising and promotion | $426,457 |
| Office expenses | $87,869 |
| Information technology | $11,545 |
| Royalties | $235,179 |
| Occupancy | $583,660 |
| Travel | $117,681 |
| 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 | $31,947 |
| Insurance | $240,926 |
| All other expenses | $33,085 |
| Total functional expenses | $8,187,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,217,978 |
| Savings and temporary cash investments | $1,914,425 |
| Pledges and grants receivable | $382,728 |
| Accounts receivable, net | $1,170,424 |
| 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 | $429,246 |
| Net Land, buildings, and equipment | $58,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,968,434 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,428,668 |
| Total assets | $19,570,202 |
| Accounts payable and accrued expenses | $808,775 |
| Grants payable | $0 |
| Deferred revenue | $386,062 |
| 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 | $120,961 |
| Total liabilities | $1,315,798 |
| Net assets without donor restrictions | $12,321,191 |
| Net assets with donor restrictions | $5,933,213 |
| 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 | $19,570,202 |