Hartford Stage Company
- Assets
- $23.3m
- Revenue
- $12.3m
- Investments
- $218.7k
- Employees
- 149
- Location
- Hartford, CT
- Founding
- 03/1964
- Data as of
- 06/2022
- 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 06/2022, Hartford Stage Company employed 149 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 06/2022, Hartford Stage Company generated $12.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $8.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 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
2022
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: AFTER BEING SHUT DOWN BEGINNING IN MARCH 2020 DUE TO THE CORONAVIRUS PANDEMIC, THE THEATER RETURNED TO PRODUCING LIVE THEATER FOR THE 2021-2022 SEASON. IN PERSON PERFORMANCES RESUMED IN OCTOBER 2021. VARIOUS WORKSHOPS, READINGS AND YEAR-LONG EDUCATION CLASSES/PROGRAMS WERE ALSO HELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Rider Managing Director | Officer | 40 | $229,172 |
Melia Bensussen Artistic Director | Officer | 40 | $213,210 |
Emily Van Scoy General Manager | Officer | 40 | $108,554 |
Michael D Nicastro Secretary | OfficerTrustee | 5 | $0 |
Jack Sennott President | OfficerTrustee | 5 | $0 |
Elease Wright Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Murphy Road Realty Llc Scene Shop Space | 6/29/22 | $172,350 |
Dono Hartford Hotel Llc Studio/admin Space | 6/29/22 | $148,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $321,652 |
| Related organizations | $0 |
| Government grants | $4,380,973 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,610,485 |
| Noncash contributions included in lines 1a–1f | $1,627 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,313,110 |
| Total Program Service Revenue | $3,667,178 |
| Investment income | $381,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,699 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$109,054 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,254,112 |
| 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. | $588,820 |
| Compensation of current officers, directors, key employees. | $64,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,807,013 |
| Pension plan accruals and contributions | $190,431 |
| Other employee benefits | $286,538 |
| Payroll taxes | $250,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,278 |
| Fees for services: Accounting | $40,000 |
| Fees for services: Lobbying | $6,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,805 |
| Fees for services: Other | $129,093 |
| Advertising and promotion | $357,461 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $518,536 |
| Travel | $621,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $472,429 |
| Insurance | $82,057 |
| All other expenses | $36,063 |
| Total functional expenses | $8,823,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,614 |
| Savings and temporary cash investments | $1,846,342 |
| Pledges and grants receivable | $823,713 |
| Accounts receivable, net | $933,616 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,619 |
| Prepaid expenses and deferred charges | $175,519 |
| Net Land, buildings, and equipment | $9,308,417 |
| Investments—publicly traded securities | $9,788,316 |
| Investments—other securities | $218,708 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,655 |
| Total assets | $23,293,519 |
| Accounts payable and accrued expenses | $758,505 |
| Grants payable | $0 |
| Deferred revenue | $904,096 |
| 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 | $617,236 |
| Other liabilities | $0 |
| Total liabilities | $2,279,837 |
| Net assets without donor restrictions | $13,242,128 |
| Net assets with donor restrictions | $7,771,554 |
| 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 | $23,293,519 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hartford Stage Company has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Eugene G & Margaret M Blackford Memorial Fund B Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $6,000 |
Endowment Analysis
| Beg. Balance | $5,919,922 |
| Earnings | -$772,580 |
| Admin Expense | $28,357 |
| Net Contributions | $69,797 |
| Ending Balance | $5,188,782 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |