Irish Classical Theater Co
- Assets
- $1.5m
- Revenue
- $904.7k
- Investments
- $510.7k
- Employees
- 23
- Location
- Buffalo, NY
- Founding
- 06/1993
- Data as of
- 06/2022
- EIN
- 16-1423127
Organization Overview
Irish Classical Theater Co is located in Buffalo, NY. The organization was established in 1993. 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, Irish Classical Theater Co employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irish Classical Theater Co 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, Irish Classical Theater Co generated $904.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $764.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
TO PROVIDE PLAYS OF EXCELLENCE FOR THE ENTERTAINMENT AND CULTURAL BENEFIT OF WESTERN NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATRICAL PERFORMANCES - THE ORGANIZATION SELECTS, PRODUCES, PROMOTES, AND PRESENTS DRAMATIC WORKS FOR THE CULTURAL BENEFIT AND ENTERTAINMENT OF THE WESTERN NEW YORK COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Beckwith President | Officer | 1 | $0 |
Brendan Brady Treasurer | Officer | 1 | $0 |
Vincent O'neill Ex-Officio | Officer | 1 | $0 |
Josephine Hogan Ex-Officio | Officer | 1 | $0 |
Lisa Smith Vice President | Officer | 1 | $0 |
Timothy Bohen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $430,039 |
| Noncash contributions included in lines 1a–1f | $659 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,539 |
| Total Program Service Revenue | $153,663 |
| Investment income | $1,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,130 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $904,702 |
| 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. | $98,227 |
| Compensation of current officers, directors, key employees. | $98,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,209 |
| Payroll taxes | $23,059 |
| Fees for services: Management | $14,542 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,067 |
| Advertising and promotion | $36,904 |
| Office expenses | $21,614 |
| Information technology | $0 |
| Royalties | $15,874 |
| Occupancy | $20,280 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,029 |
| Insurance | $10,626 |
| All other expenses | $0 |
| Total functional expenses | $764,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,792 |
| Net Land, buildings, and equipment | $380,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $510,713 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,135 |
| Total assets | $1,480,752 |
| Accounts payable and accrued expenses | $36,086 |
| Grants payable | $0 |
| Deferred revenue | $167,888 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $203,974 |
| Net assets without donor restrictions | $1,143,608 |
| Net assets with donor restrictions | $133,170 |
| 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 | $1,480,752 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Irish Classical Theater Co has recieved totaling $53,073.
| Awarding Organization | Amount |
|---|---|
Frank J Mcguire Family Foundation Buffalo, NY PURPOSE: WORKING CAPITAL | $11,000 |
Robert And Patricia Colby Foundation Buffalo, NY PURPOSE: GENERAL | $10,000 |
Mulroy Family Foundation Buffalo, NY PURPOSE: GENERAL | $10,000 |
Julian R And Varue W Oishei Foundation Williamsville, NY PURPOSE: ARTS | $7,965 |
Carlos And Elizabeth Heath Foundation Buffalo, NY PURPOSE: GENERAL | $5,000 |
The Cameron And Jane Baird Foundation Buffalo, NY PURPOSE: SUPPORT OF THEATRE PRODUCTIONS | $4,500 |
Endowment Analysis
| Beg. Balance | $569,137 |
| Earnings | -$54,260 |
| Admin Expense | $4,164 |
| Ending Balance | $510,713 |
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 |