Potomac Theatre Project Inc
- Assets
- $41.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 15
- Location
- Middlebury, VT
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 13-2960856
Organization Overview
Potomac Theatre Project Inc is located in Middlebury, VT. The organization was established in 1978. 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 12/2021, Potomac Theatre Project Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Theatre Project 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 12/2021, Potomac Theatre Project Inc generated $107.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $121.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE THEATRICAL ARTS THROUGH READINGS AND PROMOTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Faraone Sec/treas | 15 | $0 | |
Richard Romagnoli Dir/president | 10 | $0 | |
James A Petosa Vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,149 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $479 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,628 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $693 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $6,542 |
| Other expenses | $114,664 |
| Total expenses | $121,899 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,421 |
| Other assets | $0 |
| Total assets | $41,421 |
| Total liabilities | $23,861 |
| Net assets or fund balances | $17,560 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Potomac Theatre Project Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Securitas Foundation Atlanta, GA PURPOSE: GENERAL BUDGET | $1,000 |
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 |
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 |