Waterwell Productions Inc
- Assets
- $96.3k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 59
- Location
- New York, NY
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 22-3886369
Organization Overview
Waterwell Productions Inc is located in New York, NY. The organization was established in 2003. 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, Waterwell Productions Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterwell Productions 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 06/2022, Waterwell Productions Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 12.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
WATERWELL IS A GROUP OF ARTISTS, EDUCATORS AND PRODUCERS DEDICATED TO TELLING ENGROSSING STORIES IN UNEXPECTED WAYS THAT DELIBERATELY WRESTLE WITH COMPLEX CIVIC QUESTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATERWELL PRODUCTIONS PROVIDES THEATRICAL ARTS AND DRAMA PROGRAMS FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS. IT HAS PROVIDED THIS EDUCATION AT PROFESSIONAL PERFORMING ARTS SCHOOL(PPAS) SINCE 2010 THROUGH A CONTRACT WITH THE NYC BOARD OF EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Frank Managing Dir | Officer | 40 | $75,000 |
Jeanne Houck Vice Chair | OfficerTrustee | 1 | $0 |
Maria Somma Secretary | OfficerTrustee | 1 | $0 |
Nella Vera Board Member | Trustee | 1 | $0 |
Aaron Chase Board Member | Trustee | 1 | $0 |
Sujata Thomas Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $348,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,990 |
| Total Program Service Revenue | $932,134 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,360,124 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $7,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $688,403 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,498 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,272 |
| Advertising and promotion | $36,424 |
| Office expenses | $16,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,810 |
| 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 | $0 |
| Insurance | $10,342 |
| All other expenses | $2,495 |
| Total functional expenses | $1,353,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,663 |
| Accounts receivable, net | $28,439 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,265 |
| Accounts payable and accrued expenses | $31,392 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,000 |
| Total liabilities | $41,392 |
| Net assets without donor restrictions | $29,873 |
| Net assets with donor restrictions | $25,000 |
| 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 | $96,265 |