The Olney Theatre Center For The Arts Inc
- Assets
- $16.5m
- Revenue
- -$14.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Olney, MD
- Founding
- 07/2002
- Data as of
- 07/2022
- EIN
- 53-6010333
Organization Overview
The Olney Theatre Center For The Arts Inc is located in Olney, MD. The organization was established in 2002. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olney Theatre Center For The Arts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTER IS ORGANIZED, AMONG OTHER THINGS, TO BENEFIT AND TO DEVELOP FINANCIAL SUPPORT FOR THE OLNEY THEATRE CORPORATION. IN CONNECTION WITH THAT PURPOSE, THE CENTER OWNS THE REAL PROPERTY AND IMPROVEMENTS AT 2001 OLNEY-SANDY SPRING ROAD, OLNEY, MARYLAND AT WHICH OLNEY THEATRE CORPORATION OPERATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN LAND AND BUILDINGS USED FOR THE PRODUCTION OF PLAYS AND CULTURAL EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Finkelstein Board President | OfficerTrustee | 1 | $0 |
L Rosenzweig Board Chair | OfficerTrustee | 1 | $0 |
G Bradford Vice President | OfficerTrustee | 1 | $0 |
S Schupak Vice President | OfficerTrustee | 1 | $0 |
R Hebda Secretary, Parliamentarian | OfficerTrustee | 1 | $0 |
D Ellinghaus Managing Director | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,310 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$14,310 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,613 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $200,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $704,859 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $936,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,145,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $339,016 |
| Total assets | $16,484,112 |
| Accounts payable and accrued expenses | $7,496 |
| 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 | $4,244,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,378,812 |
| Total liabilities | $12,631,258 |
| Net assets without donor restrictions | $3,852,854 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $16,484,112 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Olney Theatre Center For The Arts Inc has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $15,000 |
Dimick Foundation Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Drama Society Inc Washington, DC | $146,547,458 | $18,030,478 |
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 |