Quantum Theatre Inc
- Assets
- $2.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 75
- Location
- Pittsburgh, PA
- Founding
- 09/1995
- Data as of
- 06/2021
- EIN
- 25-1760895
Organization Overview
Quantum Theatre Inc is located in Pittsburgh, PA. The organization was established in 1995. 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, Quantum Theatre Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quantum 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 06/2021, Quantum Theatre Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 2.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
QUANTUM THEATRE CREATES ADVENTUROUS, ENVIRONMENTAL PRODUCTIONS OF PLAYS ALL OVER THE CITY OF PITTSBURGH. ORIGINAL WORKS, CONTEMPORARY INTERNATIONAL PLAYS, OR UPDATED CLASSICS ARE BROUGHT INTIMATELY CLOSE IN SETTINGS LIKE GROVES OF TREES, ABANDONED MILLS, GRAND MUSEUMS, OR EMPTY SWIMMING POOLS. THE PLAYS UNITE DIRECTORS, PERFORMERS, AND DESIGNERS FROM ALL OVER THE WORLD WITH PITTSBURGH'S MOST TALENTED ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUANTUM THEATRE TYPICALLY PRODUCES A SUBSCRIPTION SERIES OF THREE PRODUCTIONS STAGED ENVIRONMENTALLY ALL OVER THE CITY OF PITTSBURGH IN PLACES THAT ARE NOT THEATRES. THEIR PLAYS EXPERIMENT IN MANY WAYS. THEY ARE OFTEN NEW WORKS OR AMERICAN PREMIERES AND OFTEN BRING KEY ARTISTS FROM OTHER COUNTRIES AND MIX CULTURAL FORMS. QUANTUM THEATRE OCCUPIES A UNIQUE AND IMPORTANT PLACE IN PITTSBURGH'S VITAL ARTS CULTURE. PATRONS REFLECT EVERY NEIGHBORHOOD OF THE CITY, AS QUANTUM THEATRE GAINS ATTENDEES FROM NEIGHBORHOODS IN WHICH IT PERFORMS AND BRINGS PATRONS INTO NEIGHBORHOODS UNFAMILIAR TO THEM. THROUGH THE COVID-19 PANDEMIC, THE COMPANY ADAPTED, PRESENTING A SERIES OF AMBITIOUS STREAMED PRODUCTIONS BEFORE LEADING PITTSBURGH BACK TO LIVE PERFORMANCE IN JUNE OF 2021. ITS NEARBUY LOCAL COMMERCE INITIATIVE FURTHERS ECONOMIC DEVELOPMENT EFFORTS IN THE CITY BY DIRECTING QUANTUM THEATRE'S PATRONS TO BUSINESSES NEAR ITS PERFORMANCE SITES AND MATCHING PURCHASES TO FIGHT FOOD INSECURITY. QUANTUM THEATRE ADDITIONALLY CONDUCTS EDUCATIONAL ACTIVITIES TO BROADEN ITS AUDIENCE AND EDUCATE EXISTING PATRONS.
QUANTUM THEATRE ALSO CONDUCTS A HIGH SCHOOL AND MIDDLE SCHOOL RESIDENCY PROJECT. QUANTUM THEATRE'S DIRECTOR OF EDUCATION IS A TEACHING ARTIST WHO GOES WEEKLY FOR SIX WEEKS INTO FOUR INNER-CITY HIGH SCHOOLS TO HELP STUDENTS INTERPRET A CLASSIC PLAY, A PIECE OF LITERATURE, OR A HISTORICAL EVENT IN THEIR OWN CONTEMPORARY TERMS. THE STUDENTS USE DIALOGUE, MUSIC, AND DANCE TO EXPRESS THEMES AND CHARACTERS, AND COME TOGETHER TO PERFORM FOR EACH OTHER AND THE PROFESSIONALS IN QUANTUM THEATRE'S UNUSUAL PROJECT LOCATIONS, AND TO SEE QUANTUM THEATRE'S FINISHED WORK. THE EDUCATIONAL PROGRAM TEACHES CREATIVE THINKING SKILLS, ANIMATES ENGLISH AND HISTORY CURRICULUM, AND MIXES STUDENTS FROM MANY PITTSBURGH NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Boos Artistic Director | Officer | 40 | $81,528 |
Stewart Urist Executive Director (end May 2022) | Officer | 40 | $69,162 |
Jack Brice Treasurer | OfficerTrustee | 1 | $0 |
Carole King President | OfficerTrustee | 1 | $0 |
Erica Snyder Vice President | OfficerTrustee | 1 | $0 |
Erick Hoffman Executive Director (beg May 2022) | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,450,190 |
| Investment income | $19,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,584,518 |
| Statement of Expenses | |
|---|---|
| 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. | $183,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,491 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,875 |
| Payroll taxes | $45,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,424 |
| Advertising and promotion | $101,390 |
| Office expenses | $45,804 |
| Information technology | $0 |
| Royalties | $5,126 |
| Occupancy | $28,184 |
| Travel | $1,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $796 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,389 |
| Insurance | $15,403 |
| All other expenses | $0 |
| Total functional expenses | $1,009,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,990 |
| Savings and temporary cash investments | $109,368 |
| Pledges and grants receivable | $336,000 |
| Accounts receivable, net | $12,950 |
| 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 | $23,650 |
| Investments—publicly traded securities | $1,728,982 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,215 |
| Total assets | $2,751,861 |
| Accounts payable and accrued expenses | $44,435 |
| Grants payable | $0 |
| Deferred revenue | $33,044 |
| 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 | $109,485 |
| Total liabilities | $186,964 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,564,897 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Quantum Theatre Inc has recieved totaling $2,376,278.
| Awarding Organization | Amount |
|---|---|
Burke Family Foundation Pittsburgh, PA PURPOSE: GENERAL | $525,000 |
Burke Foundation Pittsburgh, PA PURPOSE: GENERAL | $525,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO DEVELOP AN INVESTMENT STRATEGY AND PLAN TO BRING NEW ARTISTIC VOICES TO DEVELOP MAJOR PROJECTS AND SUPPORT FINANCIAL SUSTAINABILITY | $250,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO DEVELOP AN INVESTMENT STRATEGY AND PLAN TO BRING NEW ARTISTIC VOICES TO DEVELOP MAJOR PROJECTS AND SUPPORT FINANCIAL SUSTAINABILITY | $250,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: TO PROVIDE SUPPORT FOR THE ARTISTIC LEGACY FUND | $200,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: OPERATING SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $1,938,982 |
| Earnings | $88,482 |
| Net Contributions | $1,679,500 |
| Other Expense | $65,000 |
| Ending Balance | $3,641,964 |
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 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
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 |
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
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 |