Signature Theatre Company
- Assets
- $62.8m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 250
- Location
- New York, NY
- Founding
- 01/1994
- Data as of
- 06/2020
- EIN
- 13-3641560
Organization Overview
Signature Theatre Company is located in New York, NY. The organization was established in 1994. 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 06/2021, Signature Theatre Company employed 250 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Signature Theatre 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 06/2020, Signature Theatre Company generated $11.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $12.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (5.8%) 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
FOUNDED IN 1991 BY THE LATE JAMES HOUGHTON, THE TONY AWARD-WINNING SIGNATURE THEATRE IS LED BY ARTISTIC DIRECTOR PAIGE EVANS AND EXECUTIVE DIRECTOR HAROLD WOLPERT. SIGNATURE FOSTERS A CULTURAL COMMUNITY AT OUR HOME, THE PERSHING SQUARE SIGNATURE CENTER, WELCOMING HUNDREDS OF THOUSANDS OF VISITORS THROUGH OUR DOORS EACH YEAR. OUR 70,000 SQ. FT. FRANK GEHRY-DESIGNED SPACE BOASTS THREE THEATRES AND TWO REHEARSAL ROOMS, INCLUDING THE FORD STUDIO, A FLEXIBLE SPACE THAT CAN BE CONVERTED INTO A 99-SEAT THEATRE AS WELL AS 8,800 SQ. FT OF PUBLIC LOBBY SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BECAUSE OF THE COVID-19 PANDEMIC, SIGNATURE PRODUCED A NON-TRADITIONAL 2020/21 SEASON CONSISTING ENTIRELY OF DIGITAL PROGRAMMING THAT WE WERE PROUD TO MAKE FREE TO THE PUBLIC. SIGNATURE PROVIDED THIS PROGRAMMING THROUGH OUR SIGSPACE INITIATIVE. SIGSPACE BRINGS ARTISTIC PROGRAMMING TO THE CENTER'S PUBLIC SPACES AND SUSTAINS SIGNATURE'S LOBBY AS A FREE PUBLIC WORKSPACE AND SOCIAL HUB FOR NEW YORK ARTISTS. SIGSPACE PROGRAMMING INCLUDES CONCERTS, READINGS OF NEW WORK, COMEDY, STORYTELLING, PANELS, AND SOCIAL JUSTICE CONVERSATIONS, ALL IN PARTNERSHIP WITH OUR RESIDENT WRITERS AND COMMUNITY ORGANIZATIONS. DURING THE INITIAL LOCKDOWN PERIOD OF THE COVID-19 PANDEMIC, SIGNATURE PIVOTED TO OFFER SIGSPACE PROGRAMMING ONLINE, FREE OF CHARGE TO THE PUBLIC. PARTICIPATING PLAYWRIGHTS INCLUDED ANNA DEAVERE SMITH, SUZAN-LORI PARKS, DAVID HENRY HWANG, AND SARAH RUHL, AMONG OTHERS. ALL SIGSPACE PROGRAMMING WAS AND REMAINS FREE, AND ALL PARTICIPATING ARTISTS WERE COMPENSATED. BETWEEN JULY 1, 2020 AND JUNE 30, 2021, SIGNATURE PRODUCED 15 DIGITAL EVENTS THAT REACHED OVER 10,000 VIEWERS. OUR DIGITAL CONTENT REMAINS POSTED ON OUR WEBSITE, YOUTUBE, AND FACEBOOK PLATFORMS FOR CONTINUED FREE VIEWING. THROUGHOUT OUR 2020/21 SEASON AND FOR THE DURATION OF THE PANDEMIC, SIGNATURE HAS UPHELD OUR MISSION TO CELEBRATE PLAYWRIGHTS AND GIVE THEM AN ARTISTIC HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Paige Evans Artistic Director | OfficerTrustee | 40 | $257,503 |
Harold Wolpert Executive Director (to 6/30/21) | OfficerTrustee | 40 | $245,809 |
Glenn Stiskal Director Of Development | 40 | $153,495 | |
Jeffrey Bledsoe Director Of Finance | Officer | 40 | $106,104 |
Elizabeth Whitaker Associate Artistic Director | 40 | $104,213 | |
Edward Norton Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Impressive Cleaning Custodial Services | 6/29/21 | $103,652 |
Global Scenic Services Set Construction Services | 6/29/21 | $119,876 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,467,076 |
| Investment income | $4,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,291,669 |
| 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 | $158,697 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,675,589 |
| 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. | $752,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,395,446 |
| Pension plan accruals and contributions | $95,878 |
| Other employee benefits | $429,668 |
| Payroll taxes | $504,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,000 |
| Fees for services: Accounting | $57,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $752,707 |
| Advertising and promotion | $262,247 |
| Office expenses | $842,838 |
| Information technology | $0 |
| Royalties | $17,935 |
| Occupancy | $689,369 |
| Travel | $13,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,912 |
| Interest | $631,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,737,851 |
| Insurance | $131,203 |
| All other expenses | $0 |
| Total functional expenses | $12,392,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,844 |
| Savings and temporary cash investments | $3,458,089 |
| Pledges and grants receivable | $12,821,552 |
| Accounts receivable, net | $60,457 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,297 |
| Prepaid expenses and deferred charges | $254,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,025 |
| Total assets | $62,849,854 |
| Accounts payable and accrued expenses | $570,471 |
| Grants payable | $0 |
| Deferred revenue | $520,885 |
| 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 | $17,607,262 |
| Unsecured mortgages and notes payable | $1,217,600 |
| Other liabilities | $0 |
| Total liabilities | $19,916,218 |
| 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 | $42,933,636 |
Grants Recieved
Over the last fiscal year, we have identified 42 grants that Signature Theatre Company has recieved totaling $2,834,850.
| Awarding Organization | Amount |
|---|---|
Pershing Square Foundation New York, NY PURPOSE: GENERAL SUPPORT | $1,000,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE ACTIVATION OF SIGSPACE | $375,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $250,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $250,000 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $196,000 |
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: LEADERSHIP GRANTS FOR ARTS ORGANIZATIONS | $150,000 |
Endowment Analysis
| Beg. Balance | $247,503 |
| Earnings | $235 |
| Net Contributions | $120,250 |
| Ending Balance | $367,988 |
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 |
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 |