New Bedford Festival Theatre Inc
- Assets
- $312.6k
- Revenue
- $150.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New Bedford, MA
- Founding
- 06/1995
- Data as of
- 12/2020
- EIN
- 04-3086443
Organization Overview
New Bedford Festival Theatre Inc, operating under the name Co Leo J Schick, is located in New Bedford, MA. The organization was established in 1995. 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. Co Leo J Schick 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 12/2020, Co Leo J Schick generated $150.0k 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 (11.7%) each year. All expenses for the organization totaled $100.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (16.9%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW BEDFORD FESTIVAL THEATER IS DEDICATED TO PRODUCING THE BEST OF MUSICAL THEATER, USING QUALITY PRODUCTION TECHNIQUES AND ENGAGING THE BEST LOCAL TALENT AND THEATRICAL ARTISTS. THE THEATER IS A CULTURAL RESOURCE WITH A GOAL OF ENRICHING THE LOCAL COMMUNITY AND REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW BEDFORD FESTIVAL THEATRE HAD PLANNED TO PRODUCE AT LEAST ONE MUSICAL DURING ITS 2020 SEASON - OFFERING INTERNSHIPS AND APPRENTICSHIPS FOR STUDENTS IN THE PERFORMING ARTS, AS WELL AS EMPLOYING PROFESSIONAL THEATER ARTISTS, THEREBY ENHANCING THE CULTURAL EXPERIENCES OF AUDIENCES PRINCIPALLY FROM CITIES AND TOWNS IN THE SOUTHCOAST REGION OF MASSACHUSETTS. UNFORTUNATELY THE COVID-19 PANDEMIC PUT A HOLD ON THOSE MUSICAL PERFORMANCE UNTIL A LATER DATE WHEN THE THEATRE AND ITS AUDIENCE CAN FUNCTION IN A SAFE ENVIRONMENT.
THE NEW BEDFORD FESTIVAL THEATRE HAD PLANNED TO PRODUCE AT LEAST ONE MUSICAL DURING ITS 2020 SEASON - OFFERING INTERNSHIPS AND APPRENTICSHIPS FOR STUDENTS IN THE PERFORMING ARTS, AS WELL AS EMPLOYING PROFESSIONAL THEATER ARTISTS, THEREBY ENHANCING THE CULTURAL EXPERIENCES OF AUDIENCES PRINCIPALLY FROM CITIES AND TOWNS IN THE SOUTHCOAST REGION OF MASSACHUSETTS. UNFORTUNATELY THE COVID-19 PANDEMIC PUT A HOLD ON THOSE MUSICAL PERFORMANCE UNTIL A LATER DATE WHEN THE THEATRE AND ITS AUDIENCE CAN FUNCTION IN A SAFE ENVIRONMENT.
THE NEW BEDFORD FESTIVAL THEATRE HAD PLANNED TO PRODUCE AT LEAST ONE MUSICAL DURING ITS 2020 SEASON - OFFERING INTERNSHIPS AND APPRENTICSHIPS FOR STUDENTS IN THE PERFORMING ARTS, AS WELL AS EMPLOYING PROFESSIONAL THEATER ARTISTS, THEREBY ENHANCING THE CULTURAL EXPERIENCES OF AUDIENCES PRINCIPALLY FROM CITIES AND TOWNS IN THE SOUTHCOAST REGION OF MASSACHUSETTS. UNFORTUNATELY THE COVID-19 PANDEMIC PUT A HOLD ON THOSE MUSICAL PERFORMANCE UNTIL A LATER DATE WHEN THE THEATRE AND ITS AUDIENCE CAN FUNCTION IN A SAFE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo Schick Clerk | Officer | 0 | $0 |
John Burke III President | Officer | 0 | $0 |
Laura Parish Vice President | Officer | 0 | $0 |
Peter Guy Recording Secretary | Trustee | 0 | $0 |
Diana Henry Director | Trustee | 0 | $0 |
Sarah Cadieux-Pacheco Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,605 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,755 |
| Total Program Service Revenue | $0 |
| Investment income | $195 |
| 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 | $149,950 |
| 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 | $0 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,782 |
| Office expenses | $2,918 |
| Information technology | $440 |
| Royalties | $0 |
| Occupancy | $4,725 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $5,336 |
| All other expenses | $6,420 |
| Total functional expenses | $100,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,376 |
| Savings and temporary cash investments | $20,186 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $312,562 |
| Accounts payable and accrued expenses | $288 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $288 |
| Net assets without donor restrictions | $312,274 |
| 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 | $312,562 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Bedford Festival Theatre Inc has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Paul & Elaine Chervinsky Charitable Foundation Newton, MA PURPOSE: GENERAL FUND | $250 |
Willow Creek Charitable Foundation Marion, MA PURPOSE: UNRESTRICTED | $150 |
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 |