Delaware Theatre Company
- Assets
- $3.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 65
- Location
- Wilmington, DE
- Founding
- 01/1979
- Data as of
- 06/2021
- EIN
- 51-0229918
Organization Overview
Delaware Theatre Company is located in Wilmington, DE. The organization was established in 1979. 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 06/2021, Delaware Theatre Company employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Theatre Company 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, Delaware Theatre Company generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 6 years. 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
TO CREATE THEATRE OF THE HIGHEST PROFESSIONAL QUALITY IN DELAWARE AND THEREBY ENRICH THE VITALITY OF THE AREA THROUGH ARTISTIC PROGRAMMING, EDUCATION, AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF THEATRICAL PLAYS TO SUBSCRIBERS, TICKET BUYERS, INCLUDING SCHOOL GROUPS. DELAWARE THEATRE COMPANY (DTC) PRODUCES PROFESSIONAL THEATRICAL PLAYS THROUGHOUT THE YEAR. SOME OF THE SHOWS INITIALLY PRODUCED AT DTC MOVE ON TO BROADWAY OR OFF-BROADWAY. IN ADDITION TO THEIR MAINSTAGE PRODUCTIONS, DTC HAS HAD A COMMUNITY EDUCATION PROGRAM FOR THE LAST 25 YEARS. THIS ENSEMBLE-BASED PROGRAM TOUCHES SCHOOLS, NURSING HOMES AND PRISONS. THE EDUCATION AND COMMUNITY ENGAGEMENT PROGRAM WAS SIMILAR TO THE YEAR PRIOR.
OUTREACH AND IN-HOUSE EDUCATIONAL PROGRAMS FOR YOUTH, YOUNG ADULTS, ADULTS, AND ELDERLY ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Martin Executive Di | OfficerTrustee | 40 | $69,100 |
Anna Koltsova Treasurer | OfficerTrustee | 1 | $0 |
Mary E Bowler ESQ Chair | OfficerTrustee | 1 | $0 |
Dr Roshni Guerry Assistant Se | OfficerTrustee | 1 | $0 |
Tina Betz Board Member | Trustee | 1 | $0 |
Dorothy Deh Lovett Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $776,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $479,105 |
| Noncash contributions included in lines 1a–1f | $2,985 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,255,930 |
| Total Program Service Revenue | $215,161 |
| Investment income | $60,046 |
| 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 | $1,531,137 |
| 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. | $69,100 |
| Compensation of current officers, directors, key employees. | $13,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,311 |
| Payroll taxes | $33,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,629 |
| Office expenses | $2,031 |
| Information technology | $20,124 |
| Royalties | $7,310 |
| Occupancy | $20,678 |
| Travel | $6,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,200 |
| Insurance | $59,826 |
| All other expenses | $0 |
| Total functional expenses | $1,051,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $849,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,983 |
| Accounts receivable, net | $0 |
| 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 | $17,431 |
| Net Land, buildings, and equipment | $2,459,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,107 |
| Total assets | $3,351,675 |
| Accounts payable and accrued expenses | $43,782 |
| Grants payable | $0 |
| Deferred revenue | $553,184 |
| 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 | $1,162,876 |
| Other liabilities | $256,668 |
| Total liabilities | $2,016,510 |
| Net assets without donor restrictions | $1,202,249 |
| Net assets with donor restrictions | $132,916 |
| 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 | $3,351,675 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Delaware Theatre Company has recieved totaling $186,666.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $55,000 |
Kullman Family Foundation Wilmington, DE PURPOSE: TO SUPPORT CHARITABLE ENDEAVORS | $55,000 |
Wyncote Foundation Philadelphia, PA PURPOSE: SUPPORT FOR ONGOING PROGRAMS | $50,000 |
Blue Yak Foundation Elizabeth Godley Spence Ttee Kennett Square, PA PURPOSE: PERNA PROGRAM | $10,000 |
Dfrc Inc Newark, DE PURPOSE: TO PROMOTE A BETTER UNDERSTANDING OF CITIZENS WITH INTELLECTUAL DISABILITIES | $10,000 |
Shrieking Meadow Foundation Greenville, DE PURPOSE: GENERAL OPERATIONS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
George Street Playhouse Inc New Brunswick, NJ | $6,896,308 | $6,837,551 |
Paper Mill Playhouse Millburn, NJ | $20,009,816 | $8,770,993 |
Round House Theatre Inc Bethesda, MD | $10,592,034 | $5,829,495 |
Center Stage Associates Inc Baltimore, MD | $48,178,796 | $10,294,538 |
Two River Theatre Company Red Bank, NJ | $129,619,755 | $4,214,788 |
Pittsburgh Public Theater Corporation Pittsburgh, PA | $13,504,730 | $6,047,116 |
Walnut Street Theatre Corp Philadelphia, PA | $35,930,137 | $7,380,897 |
Arden Theatre Company Philadelphia, PA | $14,483,355 | $5,191,205 |
Bucks County Playhouse Theater Inc Lambertville, NJ | $15,770,211 | $7,007,035 |
Peoples Light & Theatre Co Malvern, PA | $24,049,408 | $2,648,575 |
The Everyman Theatre Incorporated Baltimore, MD | $14,728,446 | $4,835,696 |