Goodwill Theatre Inc
- Assets
- $5.0m
- Revenue
- $737.8k
- Investments
- $0.0
- Employees
- 14
- Location
- Johnson City, NY
- Founding
- 05/2002
- Data as of
- 08/2022
- EIN
- 16-1612384
Organization Overview
Goodwill Theatre Inc is located in Johnson City, NY. The organization was established in 2002. 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 08/2022, Goodwill Theatre Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Theatre 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 08/2022, Goodwill Theatre Inc generated $737.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $765.2k during the year ending 08/2022. 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
THE MISSION OF GOODWILL THEATRE INC. IS TO ENRICH OUR COMMUNITY BY PROVIDING ACCESS TO PROFESSIONAL QUALITY PERFORMING ARTS, ENTERTAINMENT, AND EVENTS IN A MULTI-STAGE COMPLEX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO CREATE A REGIONAL PERFORMING ARTS CENTER THAT WILL ENRICH THE LIVES OF RESIDENTS AND VISITORS THROUGH EDUCATION, EVENTS AND PERFORMANCES. PRESENTLY, THE MAIN FOCUS IS TOWARDS RENOVATING THE HISTORIC GOODWILL THEATRE BUILDING. THIS PHASE IS ANTICIPATED TO BE COMPLETED IN 2026. EDUCATION AND ARTS PROGRAMING ARE PRESENTLY BEING OFFERED IN THE HISTORIC FIREHOUSE WHICH IS ALSO BEING RESTORED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naima Kradjian CEO | Officer | 40 | $36,044 |
Lynn Bond Fiscal Director | Officer | 40 | $24,743 |
Nancy Phillips Director | OfficerTrustee | 2 | $0 |
Cynthia Armstrong Treasurer | OfficerTrustee | 2 | $0 |
Tera Stanton President | OfficerTrustee | 2 | $0 |
Tami Beach Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $308,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,035 |
| Total Program Service Revenue | $181,561 |
| Investment income | $141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,790 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,310 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,837 |
| 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. | $60,786 |
| Compensation of current officers, directors, key employees. | $17,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,413 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $425 |
| Fees for services: Accounting | $5,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,487 |
| Advertising and promotion | $0 |
| Office expenses | $27,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,027 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,012 |
| Insurance | $47,138 |
| All other expenses | $2,407 |
| Total functional expenses | $765,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,128 |
| Savings and temporary cash investments | $254,448 |
| Pledges and grants receivable | $46,837 |
| Accounts receivable, net | $46,889 |
| 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 | $11,090 |
| Net Land, buildings, and equipment | $4,625,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,023 |
| Other assets | $1,750 |
| Total assets | $5,046,116 |
| Accounts payable and accrued expenses | $29,582 |
| Grants payable | $0 |
| Deferred revenue | $106,549 |
| 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 | $1,624,638 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,760,769 |
| Net assets without donor restrictions | $3,273,234 |
| Net assets with donor restrictions | $12,113 |
| 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 | $5,046,116 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Goodwill Theatre Inc has recieved totaling $121,794.
| Awarding Organization | Amount |
|---|---|
United Way Of Broome County Inc Binghamton, NY PURPOSE: WINDOW INSTALLATION | $23,500 |
Broome County Arts Council Inc Endicott, NY PURPOSE: OPERATING SUPPORT | $20,000 |
Schorr Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
Stewart W & Willma C Hoyt Foundation Inc Binghamton, NY PURPOSE: FOR MULTI-FACETED AND COLLABORATION PROGRAMMING IN THE SCHORR FAMILY FIREHOUSE THEATER | $15,000 |
Ahearn Foundation Buffalo, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Miller S And Adelaide S Gaffney Foundation Elmira, NY PURPOSE: CAPITAL CAMPAIGN | $10,000 |
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 |
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 |