ZEITERION THEATRE INC

EIN: 042845276 501(c)(3) Arts, Culture & Humanities

NEW BEDFORD, MA

Total Revenue
$4,207,590
Total Expenses
$2,595,525
Total Assets
$13,551,707
Net Assets
$11,980,050
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MA
Principal Officer
ROSEMARY GILL
Phone
5089975664
Tax Period
2023-10-01 to 2024-09-30

ZEITERION THEATRE INC, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.2M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.6M, a strong 38% operating margin.

Mission

THE ZEITERION PERFORMING ARTS CENTER'S MISSION IS TO STEWARD OUR HISTORIC THEATER AS A GATHERING PLACE FOR PERFORMING ARTS EXPERIENCES WHERE LEARNING, CONNECTION, AND CREATIVE EXPRESSION THRIVE.

Program Service Accomplishments

Program 1
Expenses: $1,232,896 Revenue: $632,493

CENTER PRESENTATIONSTHE Z PRESENTS A WIDE ARRAY OF HIGH-QUALITY PERFORMANCES EACH YEAR TO AUDIENCES FROM NEW BEDFORD, SURROUNDING COMMUNITIES, AND BEYOND. FROM LIVE MUSIC, TO MUSICALS, TO DANCE, AND...

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CENTER PRESENTATIONSTHE Z PRESENTS A WIDE ARRAY OF HIGH-QUALITY PERFORMANCES EACH YEAR TO AUDIENCES FROM NEW BEDFORD, SURROUNDING COMMUNITIES, AND BEYOND. FROM LIVE MUSIC, TO MUSICALS, TO DANCE, AND COMEDY, THE LIVE PERFORMANCE SERIES FEATURES NATIONAL AND INTERNATIONALLY ACCLAIMED ARTISTS AS WELL AS ARTISTS HAILING FROM THE SOUTHEASTERN MASSACHUSETTS REGION.

Program 2
Expenses: $94,975

HALL RENTAL OPERATIONSTHE Z PROVIDES A WELCOMING HOME FOR ARTS ORGANIZATIONS SUCH AS NEW BEDFORD SYMPHONY ORCHESTRA AND NEW BEDFORD FESTIVAL THEATRE. THE Z OFFERS A WELL-EQUIPPED PERFORMANCE VENUE...

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HALL RENTAL OPERATIONSTHE Z PROVIDES A WELCOMING HOME FOR ARTS ORGANIZATIONS SUCH AS NEW BEDFORD SYMPHONY ORCHESTRA AND NEW BEDFORD FESTIVAL THEATRE. THE Z OFFERS A WELL-EQUIPPED PERFORMANCE VENUE THAT INCLUDES A BOX OFFICE, A VOLUNTEER USHER CORPS, FULL CONCESSIONS SERVICES, MARKETING SUPPORT, AND PROFESSIONAL PRODUCTION CREW AND EQUIPMENT.

Program 3
Expenses: $188,309

EDUCATIONAL PROGRAMSTHE Z PROVIDES ARTS EDUCATION AND COMMUNITY ENGAGEMENT THROUGH HIGH-QUALITY PROGRAMS FOR INDIVIDUALS OF ALL AGES, ABILITIES, AND BACKGROUNDS IN AND AROUND THE NEW BEDFORD...

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EDUCATIONAL PROGRAMSTHE Z PROVIDES ARTS EDUCATION AND COMMUNITY ENGAGEMENT THROUGH HIGH-QUALITY PROGRAMS FOR INDIVIDUALS OF ALL AGES, ABILITIES, AND BACKGROUNDS IN AND AROUND THE NEW BEDFORD, MASSACHUSETTS COMMUNITY. ITS EDUCATIONAL PROGRAMS, SUCH AS THE SCHOOLTIME PERFORMANCE SERIES, CREATIVE CLASSROOM, AND SUPERART, FOCUS ON FOSTERING SOCIAL-EMOTIONAL LEARNING AND CREATIVE EXPRESSION WHILE PARTNERING WITH LOCAL SCHOOLS AND NONPROFIT ORGANIZATIONS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,459,832
Program Service Revenue $631,600
Investment Income $115,265
Other Revenue $893
TOTAL REVENUE $4,207,590

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,638,673
Fundraising Expenses $499,437
Program Expenses $1,516,180
Other Expenses $956,852
TOTAL EXPENSES $2,595,525

Year-over-Year Comparison

2023 2022 Change
Revenue $4,207,590 $6,528,588 -0.4%
Expenses $2,595,525 $3,933,859 -0.3%
Net Income $1,612,065 $2,594,729 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
108
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$170,806
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK ALMEIDA CHAIR 2.00
Officer Director
$0 $0 $0
ALISON SMART CO-VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOSEPH NAUMAN CO-VICE CHAIR 2.00
Officer Director
$0 $0 $0
CHRISTIE MAROTTA CPA TREASURER 2.00
Officer Director
$0 $0 $0
SANDRA FORD SECRETARY 2.00
Officer Director
$0 $0 $0
GAIL DAVIDSON DR DIRECTOR 2.00
Director
$0 $0 $0
LOUIS RICCIARDI DIRECTOR 2.00
Director
$0 $0 $0
PATRICK MURRAY DIRECTOR 2.00
Director
$0 $0 $0
BEPPIE HUIDEKOPER DIRECTOR 2.00
Director
$0 $0 $0
ROBERT EVANS DIRECTOR 2.00
Director
$0 $0 $0
R RENEE FERNANDES DIRECTOR 2.00
Director
$0 $0 $0
LAWRENCE HUNT ESQ DIRECTOR 2.00
Director
$0 $0 $0
SARAH ATHANAS DIRECTOR 2.00
Director
$0 $0 $0
JOHN KORN DIRECTOR 2.00
Director
$0 $0 $0
HANNAH ROSS DIRECTOR 2.00
Director
$0 $0 $0
KATE MAHONEY DIRECTOR 2.00
Director
$0 $0 $0
RENEE FERRIERA DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM BURNS DIRECTOR (UNTIL 11/2023) 2.00
Director
$0 $0 $0
DR PATRICIA ANDRADE DIRECTOR (UNTIL 11/2023) 2.00
Director
$0 $0 $0
JILL SIMOES DIRECTOR (UNTIL 11/2023) 2.00
Director
$0 $0 $0
ROSEMARY GILL PRESIDENT AND CEO 40.00
Officer
$148,468 $22,338 $170,806
NICOLE MERUSI VP OF STRATEGIC ADVANCEMENT 40.00
Highest
$113,577 $12,250 $125,827
LISA GIUFFRE SR. DIR., FINANCE & ACCTG. 40.00
Highest
$110,000 $4,038 $114,038
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $10,105,509 $627,670 $24,474,588 $9,477,839
2024 $4,207,590 $2,595,525 $13,551,707 $1,612,065
2023 $6,528,588 $3,933,859 $10,114,474 $2,594,729
2022 $5,927,023 $3,433,272 $7,772,028 $2,493,751
2021 $3,023,633 $1,337,842 $5,500,902 $1,685,791
2020 $3,612,785 $2,754,984 $3,511,235 $857,801
2019 $5,108,428 $3,491,678 $2,660,347 $1,616,750
2018 $3,014,362 $2,926,178 $1,193,084 $88,184
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