GOODSPEED OPERA HOUSE FOUNDATION INC

EIN: 131969314 501(c)(3) Arts, Culture & Humanities

EAST HADDAM, CT

Total Revenue
$12,089,132
Total Expenses
$13,840,273
Total Assets
$32,642,086
Net Assets
$28,967,716
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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
CT
Principal Officer
DONNA LYNN COOPER HIlton
Phone
8608738664
Tax Period
2023-01-01 to 2023-12-31

GOODSPEED OPERA HOUSE FOUNDATION INC, founded in 1959, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.1M in total revenue in fiscal year 2023. Expenses of $13.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

GOODSPEED MUSICALS' MISSION IS TO SHARE THE JOY OF MUSICAL THEATRE; TO DELIGHT, INSPIRE, AND CHALLENGE AUDIENCES; TO NURTURE CREATORS; AND TO BUILD AND SUPPORT A BROAD, DIVERSE, AND INCLUSIVE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $11,771,748 Revenue: $7,732,802

Goodspeed Musicals' mission is to share the joy of musical theatre; to delight, inspire, and challenge audiences; to nurture creators; and to build and support a broad, diverse, and inclusive...

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Goodspeed Musicals' mission is to share the joy of musical theatre; to delight, inspire, and challenge audiences; to nurture creators; and to build and support a broad, diverse, and inclusive community. Developing new musicals and building the future of the art form are at the core of what makes Goodspeed the "Home of the American Musical." Our long history of producing new works and our approach to new musical development is tried and true. Goodspeed's January - December season celebrates all facets of musical theatre. We produce multiple musicals - new works and re-imagined classics at our historic Goodspeed Opera House, an intimate 398-seat Victorian-style theatre. We have a long history of producing primarily new works on our second stage, The Terris Theatre in nearby Chester, CT. In the 2023 season, we produced the following programs: . In January we hosted the 17th Festival of New Musicals. . The Johnny Mercer Foundation (JMF) Writers Grove took place in February and March. . Continued development of our first two GoodWorks commissions through readings and workshops. . Goodspeed's 2023 season began on Friday, April 5th, kicking off with the Tony-Award winning musical "Gypsy". In the summer, the new musicals "Summer Stock"The 12" followed. We closed the season with a holiday production of "Dreamgirls". . We re-opened our 2nd stage Terris Theatre for the first time post-pandemic with the development of two new musicals; "Here You Come Again"Private Jones". . Goodspeed's Arts Education Collaboration program engaged approximately 1100 students, who attend underserved schools in communities across the state of Connecticut, in the creative process of musical theatre.

Program 2
Revenue: $15,498

MISCELLANEOUS REVENUE EARNED BY THE ORGANIZATION FOR ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE.

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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 $3,619,550
Program Service Revenue $7,732,802
Investment Income $527,664
Other Revenue $209,116
TOTAL REVENUE $12,089,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,774,391
Fundraising Expenses $1,076,399
Program Expenses $11,771,748
Other Expenses $6,058,627
TOTAL EXPENSES $13,840,273

Year-over-Year Comparison

2023 2022 Change
Revenue $12,089,132 $12,508,073 0.0%
Expenses $13,840,273 $11,347,438 +0.2%
Net Income $-1,751,141 $1,160,635 -2.5%
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
27
Independent Members
27
Employees
432
Volunteers
75

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
8
$408,579
Total Directors
30
$408,579
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Byrd managing dir., thru 9/24 40.0
Officer Director
$195,075 $9,735 $204,810
DONNA LYNN COOPER HILTON ARTISTIC DIRECTOR 40.0
Officer Director
$194,034 $9,735 $203,769
FRANK STILWAGNER DIRECTOR OF DEVELOPMENT 40.0
Highest
$113,056 $24,276 $137,332
DANIEL MCMAHON DIRECTOR OF MARKETING 40.0
Highest
$117,555 $10,267 $127,822
ADAM SOUZA RESIDENT MUSIC DIRECTOR 40.0
Highest
$100,074 $9,181 $109,255
JOHN F WOLTER Chairman 10.0
Officer Director
$0 $0 $0
HILA ROSEN President 10.0
Officer Director
$0 $0 $0
JEFFREY S HOFFMAN 1st Vice President 10.0
Officer Director
$0 $0 $0
ANTHONY CACACE Vice President 10.0
Officer Director
$0 $0 $0
MEG SAKELLARIDES Treasurer 10.0
Officer Director
$0 $0 $0
JENNIFER G BROWN Secretary 10.0
Officer Director
$0 $0 $0
FRANCIS G ADAMS JR TRUSTEE MEMBER 1.0
Director
$0 $0 $0
FRANK CAMPBELL TRUSTEE MEMBER 1.0
Director
$0 $0 $0
CAROLYN ROSSI COPELAND TRUSTEE MEMBER 1.0
Director
$0 $0 $0
CHRISTOPHER DODD TRUSTEE MEMBER 1.0
Director
$0 $0 $0
JAMES DUNCAN TRUSTEE MEMBER 1.0
Director
$0 $0 $0
ANNE EVANS TRUSTEE MEMBER 1.0
Director
$0 $0 $0
MARLENE FERREIRA TRUSTEE MEMBER 1.0
Director
$0 $0 $0
MURIEL FLEISCHMANN TRUSTEE MEMBER 1.0
Director
$0 $0 $0
SUSAN FROST TRUSTEE MEMBER 1.0
Director
$0 $0 $0
JEAN SELDEN GREENE TRUSTEE MEMBER 1.0
Director
$0 $0 $0
ANN HOUSTON TRUSTEE MEMBER 1.0
Director
$0 $0 $0
SUSAN LINK TRUSTEE MEMBER 1.0
Director
$0 $0 $0
GAVIN LODGE TRUSTEE MEMBER 1.0
Director
$0 $0 $0
MARK MASSELLI TRUSTEE MEMBER 1.0
Director
$0 $0 $0
MICHAEL POLO TRUSTEE MEMBER 1.0
Director
$0 $0 $0
KRISTEN ROBERTS TRUSTEE MEMBER 1.0
Director
$0 $0 $0
BLAIR RUSSELL TRUSTEE MEMBER 1.0
Director
$0 $0 $0
KAREN SHERRY TRUSTEE MEMBER 1.0
Director
$0 $0 $0
JOSEPH SMITH TRUSTEE MEMBER 1.0
Director
$0 $0 $0
LEONARDO H SUZIO TRUSTEE MEMBER 1.0
Director
$0 $0 $0
JOHN VOEGE TRUSTEE MEMBER 1.0
Director
$0 $0 $0
AMY CAMPBELL TRUSTEE MEMBER 1.0
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 No data No data No data No data
2023 $12,089,132 $13,840,273 $32,642,086 $-1,751,141
2022 $12,508,073 $11,347,438 $32,145,323 $1,160,635
2021 $9,279,408 $5,866,974 $35,728,158 $3,412,434
2020 $5,734,785 $6,113,004 $32,360,581 $-378,219
2019 $11,161,298 $12,775,616 $32,057,781 $-1,614,318
2018 $11,199,838 $12,147,302 $32,452,879 $-947,464
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