Playhouse Square Foundation

Playhouse Square Foundation Overview

Playhouse Square Foundation is located in Cleveland, OH. The organization was established in 1973. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2020, Playhouse Square Foundation employed 867 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Playhouse Square Foundation generated $62.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $58.9m during the year ending 06/2020. While expenses have increased by 2.4% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE AND SUSTAIN A PERFORMING ARTS AND ENTERTAINMENT CENTER TO ENHANCE AND DEVELOP THE "PLAYHOUSE SQUARE" DISTRICT BY RESTORING, RENOVATING, AND OPERATING THEATERS AND OTHER RELATED PROPERTIES, AND TO PROVIDE ARTS EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENTERTAINMENT EXPENSES - THESE INCLUDE MARKETING AND PRESENTATION EXPENSES FOR THE VARIOUS PRESENTATIONS OFFERED DURING THE YEAR. THERE WERE 721 EVENTS AND APPROXIMATELY 841,000 GUESTS TO THE THEATERS DURING THE YEAR. OVER 30,000 STUDENTS AND TEACHERS ATTENDED CHILDREN'S THEATER PERFORMANCES DUE TO SUBSIDIZED BUSES OR TICKETS. OVER 200,000 STUDENTS AND ADULTS WERE ENGAGED IN VARIOUS PROGRAMS HOSTED BY PLAYHOUSE SQUARE FOUNDATION THROUGHOUT THE YEAR.


THEATER OCCUPANCY COSTS - THESE OVERHEAD EXPENSES WERE ASSOCIATED WITH MAINTAINING AND OPERATING THE FACILITIES TO ALLOW FOR THE VARIETY OF EVENTS PRESENTED BY THE FOUNDATION AND SERVICES PROVIDED TO THE GUESTS.


AREA DEVELOPMENT AND REAL ESTATE MANAGEMENT SERVICES TO RETAIN AND ATTRACT TENANTS TO THE DISTRICT.


THEATER DEPRECIATION INCLUDES DEPRECIATION OF THEATERS, THEATER EQUIPMENT, AND IMPROVEMENTS, AS WELL AS DEPRECIATION ON ADMINISTRATIVE OFFICES AND AMORTIZATION OF LOAN FEES.


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Playhouse Square Foundation Board, Officers & Key Employees

Playhouse Square Foundation Vendors

Vendor Name (Service)Compensation
Brewer Garrett Company
Hvac Services
$1,258,978
Gilbane Building Company
General Contractor Services
$3,175,347
Jani-king Janitorial Services
Janitorial Services
$218,292
Turner Construction
General Contractor Services
$3,276,870
Hines
Contract/management Services
$705,971
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$372,804
Related organizations$0
Government grants $2,740,092
All other contributions, gifts, grants, and similar amounts not included above$13,860,829
Noncash contributions included in lines 1a–1f $1,104,877
Total Revenue from Contributions, Gifts, Grants & Similar$16,973,725
Total Program Service Revenue$44,689,398
Investment income $575,725
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 $710,426
Miscellaneous Revenue$0
Total Revenue $62,949,274

Playhouse Square Foundation Grants Recieved

Over the last fiscal year, we have identified 27 grants that Playhouse Square Foundation has recieved totaling $124,441.

Awarding OrganizationAmount
Sandor Foundation

Chagrin Falls, OH

PURPOSE: GENERAL FUND

$30,670
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$13,311
The Char And Chuck Fowler Family Foundation

Mayfield Heights, OH

PURPOSE: SENSORY-FRIENDLY PERFORMANCES/DISNEY MUSICALS

$10,000
The@richard And Marcy Horvitz Foundation

Orange Village, OH

PURPOSE: GENERAL & UNRESTRICTED

$8,500
The@richard And Marcy Horvitz Foundation

Orange Village, OH

PURPOSE: GENERAL & UNRESTRICTED

$8,500
Perkins Charitable Foundation

Cleveland, OH

PURPOSE: PHILANTHROPIC PURPOSES.

$8,450
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$28,472,732
Earnings$1,129,798
Net Contributions$300,000
Ending Balance$29,902,530

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