IMPROVISATION CENTER OF BOSTON INC

EIN: 043194750 501(c)(3)

CAMBRIDGE, MA

Total Revenue
$240,301
Total Expenses
$580,550
Total Assets
$85,393
Net Assets
$83,229
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MA
Principal Officer
JOSH GARNEAU
Phone
6175761253
Tax Period
2023-07-01 to 2024-06-30

IMPROVISATION CENTER OF BOSTON INC, founded in 1994, is a small nonprofit that reported $240K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $581K exceeded revenue, resulting in a 142% operating deficit.

Mission

IMPROVBOSTON IS NEW ENGLANDS LEADING THEATRE AND SCHOOL DEDICATED TO THE ART OF COMEDY AND ALL ITS FORMS. THROUGH WEEKLY IMPROV, SKETCH AND STANDUP COMEDY PERFORMANCES, AN ACCLAIMED COMEDY SCHOOL, AND NUMEROUS OUTREACH, EDUCATIONAL AND DEVELOPMENT OPPORTUNITIES FOR ALL AGES, IMPROVBOSTON CONTINUES TO SERVE THE COMMUNITIES OF CAMBRIDGE, BOSTON AND NEW ENGLAND THROUGH LAUGHTER.

Program Service Accomplishments

Program 1
Expenses: $72,915 Revenue: $40,162

SHOWS/PERFORMANCES - DUE TO THE LOSS OF IMPROVBOSTON'S SPACE IN CENTRAL SQUARE, CAMBRIDGE, IMPROVBOSTON OFFERS SHOWS THROUGH MULTIPLE RESIDENCIES IN SOMERVILLE, MA; MANCHESTER NH AND ADDITIONAL SHOWS...

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SHOWS/PERFORMANCES - DUE TO THE LOSS OF IMPROVBOSTON'S SPACE IN CENTRAL SQUARE, CAMBRIDGE, IMPROVBOSTON OFFERS SHOWS THROUGH MULTIPLE RESIDENCIES IN SOMERVILLE, MA; MANCHESTER NH AND ADDITIONAL SHOWS THROUGH OUR TOURING COMPANY. AS PART OF ITS MISSION TO KEEP THESE PERFORMANCES AND WORKSHOPS ACCESSIBLE TO AUDIENCES OF ALL BACKGROUNDS, IMPROVBOSTON CHARGES LOW TICKET PRICES FOR SHOWS AND CLASSES, AND OFFERS A SLIDING SCALE FOR NONPROFITS THROUGH THE TOURING COMPANY. ALL REGULAR OPERATIONS CEASED ON DECEMBER 31ST, 2023.

Program 2
Expenses: $236,268 Revenue: $130,139

CLASSES - IMPROVBOSTON'S COMEDY SCHOOL CONTINUES TO OFFER CLASSES THROUGH OUR EXPERIENCED INSTRUCTORS IN IMPROV, STANDUP AND SKETCH COMEDY. FROM OUR DONATION BASED INTRO TO IMPROV TO OUR MULTILEVEL...

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CLASSES - IMPROVBOSTON'S COMEDY SCHOOL CONTINUES TO OFFER CLASSES THROUGH OUR EXPERIENCED INSTRUCTORS IN IMPROV, STANDUP AND SKETCH COMEDY. FROM OUR DONATION BASED INTRO TO IMPROV TO OUR MULTILEVEL MASTER WORKSHOPS OUR CLASSES OFFER VARIETY AND FLEXIBILITY TO STUDENTS OF ALL LEVELS. AS PART OF OUR MISSION WE KEEP OUR CLASSES REASONABLY PRICED AND OFFER REDUCED TUITION TO THOSE WHO EXPRESS FINANCIAL NEED. THE ORGANIZATION COMPLETED THE LAST SESSION OF CLASSES AND ALL REGULAR OPERATIONS CEASED ON DECEMBER 31ST, 2023.

Program 3
Expenses: $122,948 Revenue: $67,721

TOURING - THE IMPROVBOSTON NATIONAL TOURING COMPANY PROVIDES PRIVATE SHOWS AND WORKSHOPS FOR CLIENTS ALL OVER THE COUNTRY INCLUDING THEATERS, CORPORATIONS, COLLEGES, SCHOOLS, AND OTHER PRIVATE...

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TOURING - THE IMPROVBOSTON NATIONAL TOURING COMPANY PROVIDES PRIVATE SHOWS AND WORKSHOPS FOR CLIENTS ALL OVER THE COUNTRY INCLUDING THEATERS, CORPORATIONS, COLLEGES, SCHOOLS, AND OTHER PRIVATE GROUPS. THE NATIONAL TOURING COMPANY IS MADE UP OF SOME OF THE BEST PROFESSIONAL IMPROVISERS IN THE COUNTRY AND SPECIALIZES IN HIGH QUALITY, CUSTOM COMEDY, AND EXPERIENCES BASED ON THE APPLIED PRINCIPLES OF IMPROV. ALL REGULAR OPERATIONS CEASED ON DECEMBER 31ST, 2023.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,692
Program Service Revenue $237,422
Investment Income $587
Other Revenue $600
TOTAL REVENUE $240,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $407,078
Fundraising Expenses $0
Program Expenses $432,131
Other Expenses $173,472
TOTAL EXPENSES $580,550

Year-over-Year Comparison

2023 2022 Change
Revenue $240,301 $419,659 -0.4%
Expenses $580,550 $796,099 -0.3%
Net Income $-340,249 $-376,440 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
38
Volunteers
15

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
5
$90,549
Total Directors
9
$90,549
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW LAIDLAW P/MD(UNT 1/24)/D(1/24-4/24)/CLERK 40.00
Officer Director
$80,069 $9,220 $89,289
JOSH GARNEAU DIR. (1/24-4/24)/PRES (AS OF 4/24) 10.00
Officer Director
$1,260 $0 $1,260
TAMMI PIRRI DAY CHAIR (UNT 4/24)/TREAS (AS OF 4/24) 10.00
Officer Director
$0 $0 $0
JOSEPH SZAFAROWICZ TREASURER (OUTGOING) 1.00
Officer Director
$0 $0 $0
KRISTIE LASALLE CLERK (OUTGOING) 1.00
Officer Director
$0 $0 $0
JOHN BUTEN DIRECTOR (OUTGOING) 1.00
Director
$0 $0 $0
SAMANTHA LEVANGIE DIRECTOR 5.00
Director
$0 $0 $0
NICK MINICUCCI DIRECTOR 5.00
Director
$0 $0 $0
ELLEN STEPANSKY DIRECTOR (OUTGOING) 1.00
Director
$0 $0 $0
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
2024 $240,301 $580,550 $85,393 $-340,249
2023 $419,659 $796,099 $543,475 $-376,440
2022 $1,486,923 $660,178 $852,210 $826,745
2021 $312,878 $302,156 $105,593 $10,722
2020 $1,331,229 $1,431,444 $249,040 $-100,215
2019 $1,643,764 $1,716,477 $322,824 $-72,713
2018 $1,582,476 $1,760,279 $398,662 $-177,803
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