Tremont Theatre Inc
- Assets
- $4.0m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 229
- Location
- Boston, MA
- Founding
- 05/1997
- Data as of
- 05/2020
- EIN
- 04-3317590
Organization Overview
Tremont Theatre Inc is located in Boston, MA. The organization was established in 1997. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Tremont Theatre Inc employed 229 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tremont 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 05/2020, Tremont Theatre Inc generated $4.8m 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 (5.3%) each year. All expenses for the organization totaled $5.6m during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (4.6%) 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
TO PROVIDE ARTS PROGRAMMING TO THE GENERAL PUBLIC AND PRESERVATION OF THE SHUBERT THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF VARIOUS FORMS OF PERFORMING ARTS TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josiah A Spaulding Jr Trustee/president & CEO | OfficerTrustee | 4 | $0 |
Mark Weld Trustee/chairman | OfficerTrustee | 1 | $0 |
Courtney Wang Trustee/vice Chairman | OfficerTrustee | 1 | $0 |
Gregory White Trustee/vice Chairman | OfficerTrustee | 1 | $0 |
Brian Awe Trustee/clerk | OfficerTrustee | 1 | $0 |
Mark Mchugh Trustee/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northeastern Mechanical Hvac Contractor | 5/30/20 | $322,741 |
Northeastern Mechanical Hvac Contractor | 5/30/20 | $322,741 |
Guardian Security And Protection Llc Security Services | 5/30/20 | $141,981 |
Guardian Security And Protection Llc Security Services | 5/30/20 | $141,981 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,946 |
| Net Gain/Loss on Asset Sales | -$38,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,834,729 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $483,076 |
| Pension plan accruals and contributions | $67,276 |
| Other employee benefits | $50,360 |
| Payroll taxes | $74,542 |
| Fees for services: Management | $888,991 |
| Fees for services: Legal | $8,866 |
| Fees for services: Accounting | $3,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,603 |
| Advertising and promotion | $722,404 |
| Office expenses | $4,273 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $188,123 |
| 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 | $327,030 |
| Insurance | $57,587 |
| All other expenses | $0 |
| Total functional expenses | $5,646,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,686 |
| 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 | $29,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,028,653 |
| Accounts payable and accrued expenses | $43,142 |
| Grants payable | $0 |
| Deferred revenue | $193,637 |
| 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 | $188,100 |
| Other liabilities | $5,260,626 |
| Total liabilities | $5,685,505 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,656,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Stamford Center For The Arts Inc Stamford, CT | $18,714,807 | $7,026,118 |
Palace Theatre Trust Manchester, NH | $12,127,067 | $4,561,211 |
Friends Of The Music Hall Portsmouth, NH | $11,111,524 | $6,060,196 |
Palace Theater Group Inc Waterbury, CT | $7,137,767 | $7,444,031 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |
Cabot Performing Arts Center Inc Beverly, MA | $9,302,777 | $5,349,464 |