Worcester Center For Performing Arts Inc

Organization Overview

Worcester Center For Performing Arts Inc, operating under the name The Hanover Theatre, is located in Worcester, MA. The organization was established in 2002. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Hanover Theatre employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanover 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, Hanover Theatre generated $7.4m 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 (3.0%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE HANOVER THEATRE SEEKS TO IGNITE AND NURTURE A PASSION FOR THE PERFORMING ARTS IN AUDIENCES AND ARTISTS OF TODAY AND TOMORROW. IN DOING SO WE WILL PARTICIPATE FULLY IN THE REVITALIZATION OF DOWNTOWN WORCESTER BY BRINGING VISTIORS TO THE CITY AND BUILDING THE PERCEPTION OF WORCESTER AS A DESTINATION FOR ENTERTAINMENT AND CULTURE. BASED ON EXTENSIVE RESEARCH OF SUCCESSFUL VENUES NATIONWIDE, THE HANOVER THEATRE ESTIMATES ITS ECONOMIC IMPACT TO THE CITY OF WORCESTER AT APPROXIMATELY $40 MILLION ANNUALLY, IN DIRECT AND INDIRECT SPENDING, JOBS, PROPERTY VALUES AND TAXES. THE HANOVER THEATRE'S CONSERVATORY PROGRAMS REACH MORE THAN 500 YOUNG PEOPLE EACH YEAR WITH CLASSES AND PROGRAMS IN THEATRE, TECHNICAL THEATRE AND DANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WORCESTER CENTER FOR PERFORMING ARTS PROMOTED AND/OR HOSTED 150 PERFORMANCES ADVERTISED AND AVAILABLE TO THE PUBLIC AT VARYING TICKET PRICES; APPROXIMATELY 200,000 PEOPLE ATTENDED PERFORMANCES OR FUNCTIONS DURING THE YEAR. THE HANOVER THEATRE CONSERVATORY REACHED MORE THAN 500 STUDENTS IN THEATRE, TECHNICAL THEATRE AND DANCE CLASSES AND SUMMER PROGRAMS. IN ADDITION TO PROVIDING A VENUE FOR BROADWAY SHOWS AND OTHER WORLD-CLASS PERFORMANCES PREVIOUSLY UNAVAILABLE IN OUR REGION, THE THEATRE HAS GREATLY INCREASED THE VISIBILITY OF WORCESTER AS A CULTURAL DESTINATION AND HAS CATALYZED PROFOUND CHANGE IN ITS DOWNTOWN.


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Board, Officers & Key Employees

Name (title)Compensation
Troy Siebels
President/ceo
$237,429
Steven Joseph
Chair
$0
Lisa Mcdonough
Vice-Chair
$0
Charlie Valade
Treasurer
$0
Tracy Wells
Clerk
$0
Francesco Cesareo
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,268,032
All other contributions, gifts, grants, and similar amounts not included above$1,718,814
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,986,846
Total Program Service Revenue$1,321,824
Investment income $4,548
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $51,688
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 $7,443,487

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Worcester Center For Performing Arts Inc has recieved totaling $112,678.

Awarding OrganizationAmount
George I Alden Trust

Worcester, MA

PURPOSE: TO FURTHER EDUCATION

$50,000
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: ARTS AND CULTURE

$17,500
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$15,000
Dcu For Kids

Marlborough, MA

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$10,000
Greater Worcester Community Foundation Inc

Worcester, MA

PURPOSE: WORCESTER YOUTH SPEAK HONESTLY (WYSH) PROJECT

$10,000
Community Foundation Of Greater Chattanooga Inc

Chattanooga, TN

PURPOSE: HANOVER THEATRE ORGANIZATIONAL DEIB ASSESSMENT AND TRAINING

$10,000
View Grant Recipient Profile

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