Synetic Theatre Inc
- Assets
- $603.7k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Arlington, VA
- Founding
- 06/1997
- Data as of
- 08/2023
- EIN
- 52-2001215
Organization Overview
Synetic Theatre Inc is located in Arlington, VA. The organization was established in 1997. 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 08/2023, Synetic Theatre Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Synetic Theatre 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 08/2023, Synetic Theatre Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.8m during the year ending 08/2023. While expenses have increased by 1.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WASHINGTON DCS PREMIER CONTEMPORARY PHYSICAL THEATER SEEKS TO REDEFINE THEATRE BY DEVISING A UNIQUE AND INNOIVATIVE BLEND OF STAGE MOVEMENT, DANCE, TEXT, AND MUSIC WHILE INVESTING IN ARTISTS GROWTH, AND CREATING UNFORGETTABLE VISCERAL EXPERIENCES FOR EVERY AUDIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STAGE: THE THEATER PRODUCED FIVE MAJOR MAINSTAGE PRODUCTIONS DURING THE 2022-23 SEASON: HOST & GUEST, DRACULA, SNOW MAIDEN, BEAUTY & THE BEAST, AND CYRANO DE BERGERAC. THE SEASON OPENER, HOST & GUEST, WAS A MULTI-AWARDWINNINGPRODUCTION THAT SAW CRITICAL ACCLAIM AND WAS FOLLOWED BY THE MAJOR CRITICAL AND FINANCIAL SUCCESS OF DRACULA. SNOW MAIDEN OPENED IN DECEMBER AND REPRESENTED THE FIRST NEW, MAJOR FAMILY SHOW DESIGNED FOR TOURING, AND THAT SHOW HAS SUBSEQUENTLY TOURED FOR HUNDREDS OF PERFORMANCES AT SCHOOLS AND PUBLIC PERFORMANCE SPACES AROUND THE REGION. AFTER THE NEAR FATAL ACCIDENT OF PAATA TSIKURISHVILI, THE FOUNDER AND CEO, THE NEW PRODUCTION OF WAR OF THE WORLDS WAS POSTPONED INDEFINITELY, AND REPLACED BY A REMOUNT OF THE SUCCESSFUL 2014 PRODUCTION OF BEAUTY & THE BEAST, WHICH WENT ON TO SUBSTANTIAL PRESS COVERAGE, FAVORABLE REVIEWS, AND POSITIVE TICKET SALES. THE SEASON ENDED WITH CYRANO DE BERGERAC, DIRECTED BY AND STARRING AUDIENCE FAVORITE VATO TSIKURISHVILI.
EDUCATION AND OUTREACH: OUR EDUCATION PROGRAM REACHED 14,000 PEOPLE IN 2022-2023. WE GAVE THIRTY-ONE PERFORMANCES OF OUR TOURING SHOWS THE MIRACULOUS MAGICAL BALLOON AND SNOW MAIDEN THROUGHOUT THE REGION, PERFORMED OUR MAINSTAGESHOWS CINDERELLA AND THE SERVANT OF TWO MASTERS FOR NEARLY 4500 STUDENTS, AND SERVED 2800 STUDENTS DIRECTLY THROUGH HANDS-ON STUDIO PROGRAMS AND SCHOOL RESIDENCIES THROUGHOUT VIRGINIA, MARYLAND, AND DC.WE ALSO PREMIERED A NEW TOURING SHOW, SNOW MAIDEN, CREATED AND DIRECTED BY SYNETIC ASSOCIATE ARTISTIC DIRECTOR AND CO-FOUNDER IRINA TSIKURISHVILI. SNOW MAIDEN PREMIERED IN WASHINGTON DC AND WENT INTO DEVELOPMENT AS A MAINSTAGE SHOW FOR THE 22-23 SEASON. SYNETIC ALSO ENGAGED IN PARTNERSHIPS WITH THE SMITHSONIAN, BALTIMORE CHORAL ARTS, CASTLETON FESTIVAL, EASTERN MENNONITE UNIVERSITY, AND DC PUBLIC SCHOOLS.
TRAINING & DEVELOPMENT: IN JUNE 2022, 16 PROFESSIONAL PERFORMERS WERE ENGAGED IN INTENSIVE ACTING AND MOVEMENT TRAINING, FREE OF CHARGE, SIX DAYS A WEEK FOR TWO WEEKS. FOR OUR TEEN AND PRE-TEEN PRE-PROFESSIONAL TRAINING PROGRAMS, SYNETIC ENGAGED 22 TEENS AND 9 PRE-TEENS. IN APRIL 2023, THE SYNETIC TEEN COMPANY PERFORMED SYNETICS THE TAMING OF THE SHREW FOR 750 AUDIENCE MEMBERS OVER TWO WEEKENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paata Tsikurishvili Founding Artistic Director | OfficerTrustee | 60 | $74,917 |
Ben Cunis Managing Director | OfficerTrustee | 60 | $22,458 |
Tracy Gabriel Director | Trustee | 1 | $0 |
Teresa Ball Outreach Co-Chair | Trustee | 1 | $0 |
Lisa Greenhill Director | Trustee | 1 | $0 |
Ann Tunstall Director | Trustee | 1 | $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 | $811,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $811,562 |
| Total Program Service Revenue | $656,582 |
| Investment income | $0 |
| 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 | $1,575,034 |
| 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. | $97,375 |
| Compensation of current officers, directors, key employees. | $17,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $529,606 |
| Pension plan accruals and contributions | $29,187 |
| Other employee benefits | $420 |
| Payroll taxes | $43,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $91,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $382,143 |
| Advertising and promotion | $171,329 |
| Office expenses | $76,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,889 |
| Travel | $22,723 |
| 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 | $14,945 |
| Insurance | $28,513 |
| All other expenses | $0 |
| Total functional expenses | $1,790,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,866 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $205,811 |
| 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 | $18,358 |
| Net Land, buildings, and equipment | $53,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $603,726 |
| Accounts payable and accrued expenses | $199,223 |
| Grants payable | $0 |
| Deferred revenue | $28,252 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $350,382 |
| Other liabilities | $0 |
| Total liabilities | $577,867 |
| Net assets without donor restrictions | -$57,914 |
| Net assets with donor restrictions | $83,773 |
| 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 | $603,726 |