Hartford Stage Company
- Assets
- $24.5m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 239
- Location
- Hartford, CT
- Founding
- 03/1964
- Data as of
- 06/2024
- EIN
- 06-0790484
Organization Overview
Hartford Stage Company is located in Hartford, CT. The organization was established in 1964. 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 06/2024, Hartford Stage Company employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Stage Company 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 06/2024, Hartford Stage Company generated $8.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $9.0m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HARTFORD STAGE COMPANY, INC. IS A NONPROFIT PERFORMING ARTS AND EDUCATION ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATRICAL PERFORMANCE AND EDUCATION PROGRAM: A TOTAL OF 6 PRODUCTIONSWERE PRODUCED AND PRESENTED AS WELL AS OTHER VARIOUS WORKSHOPS, STAGEDREADINGS AND YEAR-LONG EDUCATION CLASSES/PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Sennott President | OfficerTrustee | 5 | $0 |
Elease Wright Vice President | OfficerTrustee | 2 | $0 |
Michael D Nicastro Secretary | OfficerTrustee | 5 | $0 |
Devon C Francis Treasurer | OfficerTrustee | 5 | $0 |
Donald Allan Jr Director | Trustee | 2 | $0 |
Mark Overmyer-Velazquez Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Residence Inn Hartford Artist Housing | 6/29/23 | $288,787 |
Murphy Road Realty Llc Scene Shop Location Rent | 6/29/23 | $173,580 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $283,917 |
| Related organizations | $0 |
| Government grants | $579,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,956,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,819,560 |
| Total Program Service Revenue | $2,865,043 |
| Investment income | $484,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,774 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$101,972 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,074,301 |
| 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. | $599,615 |
| Compensation of current officers, directors, key employees. | $364,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,341,761 |
| Pension plan accruals and contributions | $42,008 |
| Other employee benefits | $406,837 |
| Payroll taxes | $277,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,635 |
| Fees for services: Lobbying | $4,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,354 |
| Fees for services: Other | $158,685 |
| Advertising and promotion | $404,340 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $553,189 |
| Travel | $498,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $83,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $507,965 |
| Insurance | $89,611 |
| All other expenses | $151,241 |
| Total functional expenses | $9,023,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,160 |
| Savings and temporary cash investments | $405,884 |
| Pledges and grants receivable | $1,732,832 |
| Accounts receivable, net | $19,225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,662 |
| Prepaid expenses and deferred charges | $150,105 |
| Net Land, buildings, and equipment | $8,742,337 |
| Investments—publicly traded securities | $10,385,722 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,914,583 |
| Total assets | $24,456,510 |
| Accounts payable and accrued expenses | $653,710 |
| Grants payable | $0 |
| Deferred revenue | $1,179,196 |
| 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 | $565,803 |
| Other liabilities | $2,835,563 |
| Total liabilities | $5,234,272 |
| Net assets without donor restrictions | $10,102,237 |
| Net assets with donor restrictions | $9,120,001 |
| 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 | $24,456,510 |