Maryland Theatre Association Inc
- Assets
- $20.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Hagerstown, MD
- Founding
- 06/1977
- Data as of
- 06/2022
- EIN
- 52-1082772
Organization Overview
Maryland Theatre Association Inc is located in Hagerstown, MD. The organization was established in 1977. 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 06/2022, Maryland Theatre Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Theatre Association 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, Maryland Theatre Association Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 4.1% 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
THE MARYLAND THEATRE ASSOCIATION, INC IS AN OPERATIING PERFORMING ARTS CENTER. ALL REVENUE IS USED FOR THE THEATRE OPERATIONS. THE MARYLAND THEATRE IS OPERATED FOR THE PRESERVATION AND MAINTENANCE OF THE THEATRE FACILITY AND EDUCATION AND ENLIGHTENMENT OF THE CITIZENS OF WASHINGTON COUNTY, MARYLAND AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARYLAND THEATRE ASSOCIATION, INC. IS OPERATED FOR THE PRESERVATION AND MAINTENANCE OF THE THEATRE FACILITY AND FOR THE EDUCATION AND ENLIGHTENMENT OF THE CITIZENS OF WASHINGTON COUNTY, MARYLAND AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Green Executive Di | Officer | 40 | $106,748 |
Beth Dellaposta Vice Preside | OfficerTrustee | 1 | $0 |
Benito Vattelana President | OfficerTrustee | 1 | $0 |
Mark Hartshorn Treasurer | OfficerTrustee | 1 | $0 |
Zachary Kieffer Secretary | OfficerTrustee | 1 | $0 |
Taylor Bowen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan-keller Inc Contractor | 6/29/19 | $7,262,276 |
Grimm And Parker Architect | 6/29/19 | $120,640 |
All Sound Pro Llc Theatre Labor | 6/29/19 | $210,599 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,450 |
| Related organizations | $0 |
| Government grants | $922,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,165,723 |
| Total Program Service Revenue | $1,078,901 |
| Investment income | $1,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $110,448 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,408,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,455 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,737 |
| Compensation of current officers, directors, key employees. | $34,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,013 |
| Payroll taxes | $31,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $278,716 |
| Advertising and promotion | $27,529 |
| Office expenses | $130,830 |
| Information technology | $17,540 |
| Royalties | $0 |
| Occupancy | $82,324 |
| Travel | $9,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $998 |
| Interest | $13,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $623,632 |
| Insurance | $44,063 |
| All other expenses | $2,943 |
| Total functional expenses | $1,902,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,400,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,274,106 |
| Accounts receivable, net | $20,177 |
| 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 | $15,148,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,325 |
| Total assets | $20,853,735 |
| Accounts payable and accrued expenses | $319,594 |
| Grants payable | $0 |
| Deferred revenue | $22,500 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,342,094 |
| Net assets without donor restrictions | $18,428,868 |
| Net assets with donor restrictions | $82,773 |
| 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 | $20,853,735 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Maryland Theatre Association Inc has recieved totaling $293,805.
| Awarding Organization | Amount |
|---|---|
Alice Virginia & David W Fletcher Foundation Hagerstown, MD PURPOSE: GENERAL FUND | $100,000 |
Community Foundation Of Washington County Maryland Incorporated Hagerstown, MD PURPOSE: GENERAL SUPPORT | $96,355 |
Michael G Callas Charitable Trust Miami Beach, FL PURPOSE: GENERAL | $38,500 |
Delaplaine Foundation Inc Frederick, MD PURPOSE: UNRESTRICTED GRANT | $20,000 |
William G Porter Foundation Hagerstown, MD PURPOSE: CHARITABLE | $19,300 |
The@john R Hershey Jr And Anna L Hershey Family Foundation Inc Hagerstown, MD PURPOSE: SUPPORT MISSION | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |
Washington Performing Arts Society Washington, DC | $12,549,147 | $4,886,462 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |
State Theatre Center For The Arts Inc Easton, PA | $9,301,794 | $4,832,518 |
Whitaker Center For Science And The Arts Harrisburg, PA | $29,354,486 | $3,497,396 |
Lyric Foundation Inc Baltimore, MD | $19,508,427 | $4,826,860 |
Hippodrome Foundation Inc Baltimore, MD | $13,272,762 | $8,345,176 |
Maryland Hall For The Creative Arts Inc Annapolis, MD | $14,959,941 | $1,722,678 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Scranton Cultural Center At The Masonic Temple Scranton, PA | $4,305,275 | $2,129,325 |
Atlas Performing Arts Center Washington, DC | $17,353,205 | $2,355,130 |