George Street Playhouse Inc
- Assets
- $6.9m
- Revenue
- $6.8m
- Investments
- $200.0k
- Employees
- 157
- Location
- New Brunswick, NJ
- Founding
- 06/1974
- Data as of
- 06/2022
- EIN
- 23-7361588
Organization Overview
George Street Playhouse Inc is located in New Brunswick, NJ. The organization was established in 1974. 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, George Street Playhouse Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Street Playhouse 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, George Street Playhouse Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 8.2% 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
TO ENRICH PEOPLE'S LIVES BY PRODUCING WORLD-CLASS THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEORGE STREET PLAYHOUSE (GSP) IS A PROFESSIONAL, REGIONAL THEATRE COMPANY LOCATED IN NEW BRUNSWICK, NJ. OUR MISSION IS TO "ENRICH PEOPLE'S LIVES THROUGH WORLD-CLASS THEATRE". EACH SEASON, WE DEMONSTRATE OUR COMMITMENT TO PRODUCING NEW WORKS THROUGH OUR WORLD-CLASS MAINSTAGE SERIES OF FIVE PLAYS OR MUSICALS. GSP IS PROUD TO HAVE PREMIERED SEVERAL PLAYS WHICH HAVE GONE ON TO SUCCESSFUL NEW YORK BROADWAY AND OFF-BROADWAY RUNS, GARNERING NATIONAL ATTENTION. GSP'S EDUCATION DEPARTMENT OFFERS ARTS INTEGRATION PROGRAMMING IN LOCAL SCHOOLS FOCUSED ON EQUITY, DIVERSITY, AND INCLUSION; PROFESSIONAL DEVELOPMENT FOR CLASSROOM TEACHERS AND TEACHING ARTISTS; AND THEATRE CLASSES FOR YOUTH AND ADULTS,CULTIVATING THE NEXT GENERATION OF AMERICAN THEATER VOICES, MAKERS, AND SUPPORTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Saint Artistic Director | Trustee | 40 | $186,893 |
Kelly Ryman Managing Director | Trustee | 40 | $133,180 |
James N Heston Chairman | OfficerTrustee | 6 | $0 |
Penelope E Lattimer President | OfficerTrustee | 6 | $0 |
Ronald Bleich Treasurer | OfficerTrustee | 5 | $0 |
Sharon Karmazin Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,110,084 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,612,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,722,130 |
| Total Program Service Revenue | $2,788,732 |
| Investment income | $4,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $322,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,837,551 |
| 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. | $326,893 |
| Compensation of current officers, directors, key employees. | $56,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,027,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $330,420 |
| Payroll taxes | $333,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,358 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $106,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,051 |
| Insurance | $86,828 |
| All other expenses | $441,350 |
| Total functional expenses | $6,978,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,223 |
| Savings and temporary cash investments | $3,485,681 |
| Pledges and grants receivable | $1,385,927 |
| Accounts receivable, net | $731,200 |
| 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 | $96,164 |
| Net Land, buildings, and equipment | $301,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $200,020 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,933 |
| Total assets | $6,896,308 |
| Accounts payable and accrued expenses | $174,415 |
| Grants payable | $0 |
| Deferred revenue | $651,370 |
| 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 | $276,199 |
| Total liabilities | $1,101,984 |
| Net assets without donor restrictions | $890,633 |
| Net assets with donor restrictions | $4,903,691 |
| 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 | $6,896,308 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that George Street Playhouse Inc has recieved totaling $1,080,656.
| Awarding Organization | Amount |
|---|---|
Laurents Hatcher Foundation Inc Riverhead, NY PURPOSE: SUPPORT FOR NEW BRUNSWICK PERFORMING ARTS CENTER | $400,000 |
Laurents Hatcher Foundation Inc Riverhead, NY PURPOSE: NON-PROFIT THEATER - GENERAL OPERATIONS | $360,000 |
Blanche And Irving Laurie Foundation Inc Roseland, NJ PURPOSE: GENERAL OPER SUPP | $115,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $50,500 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: general support | $40,600 |
Cecelia Joyce And Seward Johnson New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $336,934 |
| Ending Balance | $336,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
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 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |
George Street Playhouse Inc New Brunswick, NJ | $6,896,308 | $6,837,551 |
International Alliance Theatrical Stage Employees & Moving Picture New York, NY | $13,015,937 | $8,762,543 |
Paper Mill Playhouse Millburn, NJ | $20,009,816 | $8,770,993 |