GOOD THEATER INC

EIN: 141846766 501(c)(3) Arts, Culture & Humanities

CAPE ELIZABETH, ME

Total Revenue
$395,565
Total Expenses
$503,060
Total Assets
$89,516
Net Assets
$-17,711
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
ME
Principal Officer
STEPHEN UNDERWOOD
Phone
2078350895
Tax Period
2023-01-01 to 2023-12-31

GOOD THEATER INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $396K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $503K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO EDUCATE THE GENERAL PUBLIC BY PRESENTING THEATRICAL PRODUCTIONS INTENDED TO FOSTER APPRECIATION OF THE THEATER AND PERFORMING ARTS IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $310,490 Revenue: $208,812

THE YEAR WAS A PARTICULARLY BUSY ONE FOR GOOD THEATER. SEVEN PRODUCTIONS WERE PRESENTED INCLUDING THREE WORLD PREMIERES (KILLER COMFORT, THE HIGH ROAD AND BROADWAY AT GOOD THEATER THE TWIN PIANO...

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THE YEAR WAS A PARTICULARLY BUSY ONE FOR GOOD THEATER. SEVEN PRODUCTIONS WERE PRESENTED INCLUDING THREE WORLD PREMIERES (KILLER COMFORT, THE HIGH ROAD AND BROADWAY AT GOOD THEATER THE TWIN PIANO EDITION), ONE MAINE PREMIERE (NUREYEV'S EYES), ONE PORTLAND PREMIERE (FIREFLIES) AND TWO ESTABLISHED HITS (CRIMES OF THE HEART AND YOU CAN'T TAKE IT WITH YOU). JANUARY THROUGH APRIL SAW THE END OF THE COMPANY'S 20TH ANNIVERSARY SEASON. THIS WAS AN EXTRAORDINARY YEAR FOR THE COMPANY. IT WAS ALSO THE LARGEST SEASON IN THE COMPANY'S HISTORY. CRIMES OF THE HEART PROVED TO BE A HIT. TICKETS SALES WERE EXCELLENT, REVIEWS WERE GREAT AND AUDIENCES ENJOYED THIS DARK COMEDY. THE COMPANY MEMBERS GOT HIT WITH COVID DURING REHEARSALS, BUT WITH SOME ZOOM REHEARSALS, THE SHOW WAS ABLE TO OPEN ON TIME. LYNNE MCGHEE, A REGULAR WITH GOOD THEATER, HAD BEEN WORKING ON A SOLO ONE- WOMAN SHOW, KILLER COMFORT. THIS PRODUCTION WAS DIRECTED BY GOOD THEATER'S ARTISTIC DIRECTOR, BRIAN P. ALLEN, AND IT WAS PRESENTED FOR THREE SOLD-OUT PERFORMANCES. THE SHOW EMPLOYED MULTI-MEDIA TO AID IN THE STORYTELLING. AUDIENCES ROARED WITH LAUGHTER. THE SHOW HAS GONE ONTO OTHER PERFORMANCES AT OTHER THEATERS. GOOD THEATER CO-FOUNDER, STEVE UNDERWOOD, UNVEILED HIS LATEST CREATION, THE HIGH ROAD, AS PART OF OUR MAINSTAGE SEASON. THE SHOW WAS WELL RECEIVED BY PATRONS, AND WHILE NOT A SELL-OUT, IT DID PERFORM BETTER THAN OUR BUDGET PROJECTIONS. NUREYEV'S EYES IS A TWO-CHARACTER PLAY ABOUT FAMED DANCER RUDOLF NUREYEV AND PAINTER JAMIE WYETH. GOOD THEATER WAS KEEN TO DO THIS PLAY SINCE THE WYETH FAMILY HAS RESIDED PART-TIME IN MAINE FOR DECADES. THE SHOW WAS A HUGE HIT CAUSING THE COMPANY TO ADD A PERFORMANCE DUE TO DEMAND FOR TICKETS. THE FINAL SHOW IN THE COMPANY'S 20TH SEASON WAS THE CLASSIC YOU CAN'T TAKE IT WITH YOU. THIS IS THE BIGGEST CAST THE COMPANY HAD EVER USED, AND IT PROVED TO BE A DELIGHTFUL WAY TO CAP THE COMPANY'S TWO DECADES OF PRESENTING SHOWS. VIRTUALLY ALL OF THE CAST HAD APPEARED ON THE GOOD THEATER STAGE IN PREVIOUS SEASONS MAKING FOR A TOP-NOTCH PRODUCTION. A FITTING ENDING TO A GREAT SEASON. THE SUMMER WAS FILLED WITH PLANNING AND CASTING FOR THE 21ST SEASON. THE FALL BEGAN WITH THE PORTLAND PREMIERE OF FIREFLIES. THIS FOUR-HANDER WAS A PERFECT OPENING. THE SHOW IS FUNNY AND TOUCHING. VALERIE PERRI LED THE CAST. FOLLOWING THIS WAS AN ORIGINAL SHOW/REVUE CREATED BY BRIAN P. ALLEN. HE USED SONGS FROM CLASSIC MUSICALS THAT HAD A TWO-PIANO ARRANGEMENT. HE WROTE A NARRATIVE TO TIE THE SONGS THE PIECES TOGETHER. THE SHOW EMPLOYED A CAST OF NINE INCLUDING BROADWAY VETERAN GEORGE DVORSKY. ALLEN NARRATED THE SHOW WHICH RECEIVED RAVE REVIEWS. THE STAFF REMAINED THE SAME, AND ALL OTHER ASPECTS OF THE COMPANY WERE STATUS QUO.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $171,653
Program Service Revenue $208,812
Investment Income $50
Other Revenue $15,050
TOTAL REVENUE $395,565

Expense Breakdown

Grants Paid $0
Salaries & Benefits $335,107
Fundraising Expenses $81,809
Program Expenses $310,490
Other Expenses $167,953
TOTAL EXPENSES $503,060

Year-over-Year Comparison

2023 2022 Change
Revenue $395,565 $453,425 -0.1%
Expenses $503,060 $549,852 -0.1%
Net Income $-107,495 $-96,427 +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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Governance

Voting Members
10
Independent Members
9
Employees
49
Volunteers
25

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
3
$60,000
Total Directors
10
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN UNDERWOOD PRESIDENT 32.00
Officer Director
$60,000 $0 $60,000
JENNIFER CEIDE DIRECTOR 2.00
Director
$0 $0 $0
JUSTIN COTE DIRECTOR 2.00
Director
$0 $0 $0
JONATHAN EDWARDS DIRECTOR 2.00
Director
$0 $0 $0
JEANNE HANDY DIRECTOR 2.00
Director
$0 $0 $0
EDWARD GATTA JR DIRECTOR 2.00
Director
$0 $0 $0
JEANNINE LEFEVRE SECRETARY 2.00
Officer Director
$0 $0 $0
ANN ROCHE DIRECTOR 2.00
Director
$0 $0 $0
DON SIPE DIRECTOR 2.00
Director
$0 $0 $0
RICHARD TRUB TREASURER 2.00
Officer 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 $395,565 $503,060 $89,516 $-107,495
2022 $453,425 $549,852 $138,154 $-96,427
2021 $344,339 $333,865 $186,211 $10,474
2020 $292,572 $243,085 $176,141 $49,487
2019 $553,084 $536,997 $130,773 $16,087
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