Adventure Theatre Inc
- Assets
- $1.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 73
- Location
- Glen Echo, MD
- Founding
- 01/1964
- Data as of
- 08/2021
- EIN
- 52-6054621
Organization Overview
Adventure Theatre Inc is located in Glen Echo, MD. The organization was established in 1964. 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 08/2021, Adventure Theatre Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adventure 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 08/2021, Adventure Theatre Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.7m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 years. 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
SEE PART III LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATRICAL - COVID-19 CONTINUED TO DISRUPT NORMAL OPERATIONS. DURING THE FIRST 3 QUARTERS, ATMTC CONTINUED TO PRODUCE IN VIRTUAL FORMATS, INCLUDING WEEKLY FREE ON-LINE FEATURES AND LARGER COMMUNITY-WIDE FESTIVALS FEATURING LOCAL, NEW, AND EMERGING PLAYWRIGHTS, ACTORS, AND ARTISTS. A GOVERNMENT MANDATED CLOSURE OF THE STAGE WAS LIFTED MEMORIAL DAY WEEKEND, ALLOWING FOR THE FIRST TICKETED IN-PERSON PRODUCTION IN THE 4TH QUARTER (HELD OUTDOORS). ANNUAL TICKET SALES CONTINUE TO BE A SHADOW OF THE LAST NORMAL YEAR, FY19.
EDUCATIONAL - COVID-19 CONTINUED TO DISRUPT NORMAL OPERATIONS. DURING THE FIRST 3 QUARTERS, ATMTC CONTINUED TO PROVIDE CLASSES IN DISTANCE-LEARNING FORMATS, CONTINUING ITS INTRODUCTORY AND TECHNIQUE-BASED TRAINING PROGRAMS WHILE OFFERING NEW PROGRAMS SPECIFICALLY DESIGNED FOR VIRTUAL INSTRUCTION. IN THE 4TH QUARTER, ATMTC RETURNED TO IN PERSON CLASSES WITH LIMITED CAPACITY, OUTDOOR INSTRUCTION, AND ADDITIONAL SAFETY PROTOCOLS. REDUCED ENROLLMENT AND LOWER PRICE POINTS CONTINUE TO CONTRIBUTE TO THE LOSS OF OVER 40% OF TUITION INCOME COMPARED TO FY19.
THEATRICAL - COVID-19 CONTINUED TO DISRUPT NORMAL OPERATIONS. DURING THE FIRST 3 QUARTERS, ATMTC CONTINUED TO PRODUCE IN VIRTUAL FORMATS, INCLUDING WEEKLY FREE ON-LINE FEATURES AND LARGER COMMUNITY-WIDE FESTIVALS FEATURING LOCAL, NEW, AND EMERGING PLAYWRIGHTS, ACTORS, AND ARTISTS. A GOVERNMENT MANDATED CLOSURE OF THE STAGE WAS LIFTED MEMORIAL DAY WEEKEND, ALLOWING FOR THE FIRST TICKETED IN-PERSON PRODUCTION IN THE 4TH QUARTER (HELD OUTDOORS). ANNUAL TICKET SALES CONTINUE TO BE A SHADOW OF THE LAST NORMAL YEAR, FY19.
EDUCATIONAL - COVID-19 CONTINUED TO DISRUPT NORMAL OPERATIONS. DURING THE FIRST 3 QUARTERS, ATMTC CONTINUED TO PROVIDE CLASSES IN DISTANCE-LEARNING FORMATS, CONTINUING ITS INTRODUCTORY AND TECHNIQUE-BASED TRAINING PROGRAMS WHILE OFFERING NEW PROGRAMS SPECIFICALLY DESIGNED FOR VIRTUAL INSTRUCTION. IN THE 4TH QUARTER, ATMTC RETURNED TO IN PERSON CLASSES WITH LIMITED CAPACITY, OUTDOOR INSTRUCTION, AND ADDITIONAL SAFETY PROTOCOLS. REDUCED ENROLLMENT AND LOWER PRICE POINTS CONTINUE TO CONTRIBUTE TO THE LOSS OF OVER 40% OF TUITION INCOME COMPARED TO FY19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Seemann Executive Director | Officer | 50 | $99,716 |
Melissa Siegel Secretary (end 03/2021) | OfficerTrustee | 3 | $0 |
Leslie Miles Chair (end 03/2021) | OfficerTrustee | 4 | $0 |
Richard Gervase Vice-Chair (end 03/2021) | OfficerTrustee | 3 | $0 |
Nisreen Farhan Int. Board Chair (beg. 4/2021) | OfficerTrustee | 3 | $0 |
Mary Slimp Interim Officer (beg. 4/2021) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,186,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,801,572 |
| Total Program Service Revenue | $514,325 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $111 |
| 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 | $2,322,833 |
| 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. | $133,651 |
| Compensation of current officers, directors, key employees. | $61,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,997 |
| Pension plan accruals and contributions | $10,224 |
| Other employee benefits | $37,106 |
| Payroll taxes | $63,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,015 |
| Advertising and promotion | $21,069 |
| Office expenses | $59,055 |
| Information technology | $3,167 |
| Royalties | $1,161 |
| Occupancy | $253,347 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,780 |
| Interest | $1,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,323 |
| Insurance | $36,548 |
| All other expenses | $0 |
| Total functional expenses | $1,661,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,395,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,250 |
| Accounts receivable, net | $5,370 |
| 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 | $72,346 |
| Net Land, buildings, and equipment | $425,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,412 |
| Total assets | $1,938,841 |
| Accounts payable and accrued expenses | $85,522 |
| Grants payable | $0 |
| Deferred revenue | $118,567 |
| 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 | $12,239 |
| Unsecured mortgages and notes payable | $376,555 |
| Other liabilities | $299,406 |
| Total liabilities | $892,289 |
| Net assets without donor restrictions | $1,041,664 |
| Net assets with donor restrictions | $4,888 |
| 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 | $1,938,841 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Adventure Theatre Inc has recieved totaling $341,613.
| Awarding Organization | Amount |
|---|---|
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT & ADVANCEMENT GRANT | $206,294 |
William S Abell Foundation Inc Chevy Chase, MD PURPOSE: SI EMERGENCY FUND GRANTS AND MARGARET ABELL POWELL FUND GRANT | $45,000 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: ARTS & HUMANITIES | $40,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $20,000 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $10,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE SUPPORT PER THE 2021 GRANT PROPOSAL | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shakespeare Theatre Washington, DC | $65,973,767 | $13,307,263 |
Ford S Theatre Society Washington, DC | $70,916,217 | $19,576,339 |
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
Round House Theatre Inc Bethesda, MD | $10,592,034 | $5,829,495 |
Center Stage Associates Inc Baltimore, MD | $48,178,796 | $10,294,538 |
Woolly Mammoth Theatre Co Washington, DC | $10,084,762 | $5,303,229 |
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Pittsburgh Public Theater Corporation Pittsburgh, PA | $13,504,730 | $6,047,116 |
Walnut Street Theatre Corp Philadelphia, PA | $35,930,137 | $7,380,897 |
Studio Theatre Inc Washington, DC | $29,626,352 | $6,176,456 |
Arden Theatre Company Philadelphia, PA | $14,483,355 | $5,191,205 |
Peoples Light & Theatre Co Malvern, PA | $24,049,408 | $2,648,575 |