American Repertory Theatre
- Assets
- $28.7m
- Revenue
- $13.0m
- Investments
- $23.2m
- Employees
- 136
- Location
- Cambridge, MA
- Founding
- 03/1979
- Data as of
- 06/2021
- EIN
- 04-2665867
Organization Overview
American Repertory Theatre is located in Cambridge, MA. 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 06/2021, American Repertory Theatre employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Repertory Theatre 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, American Repertory Theatre generated $13.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $12.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) 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
SEEKS TO EXPAND THE BOUNDARIES OF THEATER, PRODUCING, PERFORMING AND PRESENTING WORKS OF LITERARY, EXPERIMENTAL AND EDUCATIONAL VALUE. PROVIDE A HOME FOR OUTSTANDING ARTISTS, A TRAINING GROUND FOR YOUNG ARTISTS (INCLUDING EXTENSIVE UNDERGRADUATE INVOLVEMENT) & A VITAL CULTURAL RESOURCE LOCALLY, NATIONALLY & INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL THEATRICAL PRODUCTIONS IN RESIDENCE INCLUDING 115 PERFORMANCES OF 15 PRODUCTIONS TO A TOTAL AUDIENCE OF 13,003 ACROSS TWO LOCAL VENUES: THE LOEB DRAMA CENTER AND OBERON IN CAMBRIDGE, MA. THE SEASON WAS COMPRISED OF WORKS OF LITERARY, EXPERIMENTAL OR OTHERWISE EDUCATIONAL VALUE, WHICH ARE SELECTED FOR THEIR PERCEIVED CAPACITY TO FURTHER THE A.R.T.'S MISSION TO EXPAND THE BOUNDARIES OF THEATRE BY EXPLORING THE BEST PLAYS FROM ACROSS CULTURES AND AGES. PLUS MISC. REVENUE & EXPENSES INCLUDING CONCESSIONS, CREDIT CARD FEES, AND ROYALTIES.
BEGINNING FISCAL YEAR 2019, THE INSTITUTE WENT ON HIATUS TO UNDERGO A STRATEGIC PLANNING PROCESS
EDUCATIONAL AND COMMUNITY OUTREACH INCLUDED 139 CHILDREN ENROLLED IN DIGITAL A.R.T. KIDS COMPANY CLASSES, AND REACHED 6,438 MEMBERS OF OUR COMMUNITY WITH FREE ACCESS TO 54 EVENTS. THE VAST MAJORITY OF PARTICIPATION WAS DIGITAL DUE TO THE ONGOING COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Paulus Ex Officio Trustee; Artistic Director; Professor O | OfficerTrustee | 5 | $375,255 |
Diane Borger Zampi Ex Officio Trustee; Executive Producer At American | OfficerTrustee | 5 | $313,565 |
Noreen Major Chief Development Officer At American Repertory Th | Officer | 40 | $208,053 |
Anna Fitzloff Managing Director At American Repertory Theater At | Officer | 40 | $207,546 |
Richard Noble Director Of Production At American Repertory Theat | 40 | $130,296 | |
Steven Showalter General Manager At American Repertory Theater At H | 40 | $127,596 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sound Associates Sound Equipment Rental & Supplies For Ma | 6/29/20 | $169,800 |
Jtb Global Marketing And Travel Inc Japan Donor Trip Travel Services | 6/29/20 | $139,459 |
Christie Lites New York Llc Lighting Equipment Rental & Supplies For | 6/29/20 | $163,990 |
Prg Broadway Llc Sound Equipment Rental & Supplies | 6/29/20 | $134,806 |
Sound Associates Sound Equipment Rental & Supplies For Ma | 6/29/20 | $169,800 |
Christie Lites New York Llc Lighting Equipment Rental & Supplies For | 6/29/20 | $163,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $473,179 |
| Related organizations | $6,472,949 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,978,961 |
| Noncash contributions included in lines 1a–1f | $139,237 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,985,089 |
| Total Program Service Revenue | $1,097,568 |
| Investment income | $972,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,310 |
| Net Income from Fundraising Events | -$64,076 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,990,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,454,624 |
| Compensation of current officers, directors, key employees. | $496,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,884,907 |
| Pension plan accruals and contributions | $223,473 |
| Other employee benefits | $351,172 |
| Payroll taxes | $2,237,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $886,954 |
| Advertising and promotion | $19,033 |
| Office expenses | $224,469 |
| Information technology | $229,826 |
| Royalties | $5,711 |
| Occupancy | $1,578,778 |
| Travel | $8,845 |
| 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 | $192,668 |
| Insurance | $48,713 |
| All other expenses | $0 |
| Total functional expenses | $12,597,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,051,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,123,297 |
| Accounts receivable, net | $163,585 |
| 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 | $633,760 |
| Net Land, buildings, and equipment | $1,543,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,216,598 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,732,151 |
| Accounts payable and accrued expenses | $500,280 |
| Grants payable | $0 |
| Deferred revenue | $809,580 |
| 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 | $4,806,035 |
| Total liabilities | $6,115,895 |
| Net assets without donor restrictions | $6,875,953 |
| Net assets with donor restrictions | $15,740,303 |
| 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 | $28,732,151 |
Grants Recieved
Over the last fiscal year, we have identified 46 grants that American Repertory Theatre has recieved totaling $1,784,925.
| Awarding Organization | Amount |
|---|---|
The Linda@hammett Ory & Andrew Ory Charitable Trust Lincoln, MA PURPOSE: GENERAL | $500,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $275,000 |
Gerald R Jordan Jr Foundation Quincy, MA PURPOSE: GENERAL FUNDRAISING | $180,000 |
The Hershey Family Foundation Boston, MA PURPOSE: FUNDING HELPS EXPAND THE BOUNDARIES OF THEATRE, PRODUCTION, PERFORMING, AND PRESENTING LITERARY WORKS. | $150,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $117,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $80,000 |
Endowment Analysis
| Beg. Balance | $16,544,758 |
| Earnings | $5,851,172 |
| Other Expense | $1,451,471 |
| Ending Balance | $20,944,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |