HUNTINGTON THEATRE CO INC

EIN: 222659560 501(c)(3) Arts, Culture & Humanities

BOSTON, MA

Total Revenue
$27,458,589
Total Expenses
$20,383,976
Total Assets
$131,964,067
Net Assets
$89,513,082
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
Principal Officer
CHRIS MANNELLI
Phone
6172667900
Tax Period
2022-07-01 to 2023-06-30

HUNTINGTON THEATRE CO INC, founded in 1985, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $27.5M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $7.1M, a strong 26% operating margin.

Mission

FOR ORGANIZATION'S MISSION STATEMENTMISSION STATEMENT: THE HUNTINGTON THEATRE COMPANY ENGAGES, INSPIRES, ENTERTAINS AND CHALLENGES AUDIENCES WITH THEATRICAL PRODUCTIONS THAT RANGE FROM THE CLASSICS TO NEW WORKS; WE TRAIN AND SUPPORT THE NEXT GENERATION OF THEATRE ARTISTS; WE PROVIDE ARTS EDUCATION PROGRAMS THAT PROMOTE LIFE-LONG LEARNING TO A DIVERSE COMMUNITY; AND WE CELEBRATE THE ESSENTIAL POWER OF THE THEATRE TO ILLUMINATE OUR COMMON HUMANITY.

Program Service Accomplishments

Program 1
Expenses: $16,248,307 Revenue: $7,604,244

THE HUNTINGTON THEATRE COMPANY IS BOSTON'S LEADING PROFESSIONAL THEATRE AND ONE OF THE REGION'S PREMIER CULTURAL ASSETS. SINCE ITS FOUNDING IN 1982, THE HUNTINGTON HAS RECEIVED OVER 150 ELLIOT NORTON...

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THE HUNTINGTON THEATRE COMPANY IS BOSTON'S LEADING PROFESSIONAL THEATRE AND ONE OF THE REGION'S PREMIER CULTURAL ASSETS. SINCE ITS FOUNDING IN 1982, THE HUNTINGTON HAS RECEIVED OVER 150 ELLIOT NORTON AND INDEPENDENT REVIEWERS OF NEW ENGLAND AWARDS, AS WELL AS THE TONY AWARD FOR OUTSTANDING REGIONAL THEATRE. IN THE PAST 41 YEARS, THE HUNTINGTON HAS PLAYED TO AN AUDIENCE OF 3.5 MILLION, PRESENTED OVER 200 PLAYS (18 OF WHICH WENT ON TO BROADWAY OR OFF BROADWAY), AND SERVED OVER 500,000 STUDENTS, COMMUNITY MEMBERS, AND OTHER CULTURAL ORGANIZATIONS. UNDER THE DIRECTION OF NORMA JEAN CALDERWOOD ARTISTIC DIRECTOR LORETTA GRECO AND MANAGING DIRECTOR MICHAEL MASO, THE HUNTINGTON BRINGS TOGETHER WORLD-CLASS THEATRE ARTISTS FROM BOSTON, BROADWAY, AND BEYOND WITH THE MOST PROMISING NEW TALENT TO CREATE ECLECTIC SEASONS OF EXCITING NEW WORKS AND CLASSICS MADE CURRENT. A LONGSTANDING ANCHOR CULTURAL INSTITUTION OF HUNTINGTON AVENUE, THE AVENUE OF THE ARTS, THE HUNTINGTON NOW FULLY OWNS THE HUNTINGTON AVENUE THEATRE AND HAS COMPLETED THE FIRST PHASE OF A TRANSFORMATIONAL RENOVATION AND EXPANSION OF THE HISTORIC VENUE, WHICH IN ITS SECOND PHASE WILL ADD FIRST-RATE, MODERN AMENITIES INCLUDING A NEW ENTRANCE AND EXPANSIVE LOBBY, AS WELL AS EXPANDING SERVICES TO AUDIENCES, ARTISTS, AND THE COMMUNITY. THE HUNTINGTON BUILT THE STANFORD CALDERWOOD PAVILION AT THE BOSTON CENTER FOR THE ARTS (BCA) IN 2004 AS A HOME FOR ITS NEW WORK ACTIVITIES AND TO PROVIDE A MUCH-NEEDED RESOURCE FOR THE LOCAL THEATRE COMMUNITY. AT THE CALDERWOOD PAVILION, THE HUNTINGTON PROVIDES FIRST-CLASS FACILITIES AND AUDIENCE SERVICES AT SIGNIFICANTLY SUBSIDIZED RATES TO DOZENS OF ORGANIZATIONS EACH YEAR, INCLUDING SOME OF BOSTON'S MOST EXCITING SMALL AND MID-SIZED THEATRE COMPANIES. THE HUNTINGTON SERVES 200,000 AUDIENCE MEMBERS EACH YEAR AT THE HUNTINGTON AVENUE THEATRE AND THE CALDERWOOD PAVILION AT THE BCA. THROUGH A DIVERSE AND IMPACTFUL RANGE OF NATIONALLY-RENOWNED EDUCATION AND COMMUNITY PROGRAMS, THE HUNTINGTON ENGAGES 36,000 YOUNG PEOPLE AND ADULTS IN UNDERSERVED NEIGHBORHOODS EACH YEAR. THESE PROGRAMS INCLUDE THE POETRY OUT LOUD NATIONAL RECITATION CONTEST, THE AUGUST WILSON MONOLOGUE COMPETITION, THE NEXT NARRATIVE MONOLOGUE COMPETITION, THE HUNTINGTON COMMUNITY MEMBERSHIP INITIATIVE, A YOUTH PLAYWRITING PROGRAM CALLED EPIC, AND THE STUDENT MATINEE SERIES. THE HUNTINGTON IS A FOUNDING PARTNER OF CODMAN ACADEMY CHARTER PUBLIC SCHOOL AND HAS COLLABORATED WITH CODMAN FOR 21 YEARS TO CREATE AND TEACH ITS INNOVATIVE, INTERDISCIPLINARY HUMANITIES CURRICULUM AND RUN THE CODMAN SUMMER THEATRE INSTITUTE. A NATIONAL LEADER IN THE DEVELOPMENT OF NEW PLAYS, THE HUNTINGTON HAS PRODUCED MORE THAN 120 WORLD, AMERICAN, AND NEW ENGLAND PREMIERES TO DATE. THROUGH THE HUNTINGTON PLAYWRITING FELLOWS PROGRAM, THE CORNERSTONE OF ITS NEW WORK ACTIVITIES, THE HUNTINGTON SUPPORTS LOCAL WRITERS THROUGH TWO-YEAR FELLOWSHIPS. THE HUNTINGTON CULTIVATES, CELEBRATES, AND CHAMPIONS THEATRE AS AN ART FORM AND IS COMMITTED TO MENTORING LOCAL PLAYWRIGHTS, EDUCATING YOUNG PEOPLE IN THEATRE, AND SERVING AS A CATALYST FOR THE GROWTH OF DOZENS OF BOSTON'S EMERGING PERFORMING ARTS ORGANIZATIONS. THE COVID-19 PANDEMIC CREATED A PROFOUND AND UNEXPECTED CHALLENGE FOR THE HUNTINGTON'S OPERATIONS AND FUTURE. WITH A SUDDEN REQUIREMENT IN MID-MARCH TO CLOSE THE PERFORMING VENUES AND HALT THE REMAINDER OF THE FISCAL YEAR 2020 SEASON, CANCELLING SEVERAL MONTHS OF PERFORMANCES AND THE INCOMING REVENUE STREAM AND RELATED EXPENSES THAT THOSE PERFORMANCES WOULD HAVE BROUGHT. THE HUNTINGTON RESPONDED TO THE CHALLENGE, DETERMINING HOW TO MANAGE THE FINANCIAL IMPACT OF LOST REVENUE WHILE SUPPORTING ITS STAFF AND RESOURCES, PROVIDING EXCELLENT CUSTOMER SERVICE BY APPEALING FOR TICKET DONATIONS, RALLYING THE HUNTINGTON'S KEY STAKEHOLDERS FOR ADDITIONAL CONTRIBUTIONS, SECURING EMERGENCY SUPPORT THROUGH VARIOUS FEDERAL AND STATE RELIEF PROGRAMS, AND DEVELOPING A DIGITAL STRATEGY TO ALLOW THE HUNTINGTON TO STAY CONNECTED WITH AUDIENCES, DONORS AND ARTISTS. THE HUNTINGTON RESUMED PERFORMANCES IN AUGUST 2021 AT THE CALDERWOOD PAVILION AND RESUMED PERFORMANCES AT THE HUNTINGTON THEATRE ONCE THE RENOVATION WAS COMPLETE IN SEPTEMBER 2022.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $19,210,073
Program Service Revenue $4,870,052
Investment Income $397,698
Other Revenue $2,980,766
TOTAL REVENUE $27,458,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,735,446
Fundraising Expenses $1,485,363
Program Expenses $16,248,307
Other Expenses $11,648,530
TOTAL EXPENSES $20,383,976

Year-over-Year Comparison

2022 2021 Change
Revenue $27,458,589 $30,823,108 -0.1%
Expenses $20,383,976 $18,310,270 +0.1%
Net Income $7,074,613 $12,512,838 -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
42
Independent Members
42
Employees
447
Volunteers
338

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
7
$413,736
Total Directors
42
$0
Key Employees
1
$224,913
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MASO MANAGING DIRECTOR 40.00
Officer
$380,745 $32,991 $413,736
ELISABETH SAXE CHIEF DEVELOPMENT OFFICER 40.00
Highest
$278,983 $21,714 $300,697
LORETTA GRECO ARTISTIC DIRECTOR 40.00
Key Emp
$198,771 $26,142 $224,913
SONDRA KATZ GENERAL MANAGER 40.00
Highest
$183,659 $26,565 $210,224
SCOTT POOLE IT DIRECTOR 40.00
Highest
$146,556 $19,782 $166,338
ANNE RIPPEY DIRECTOR OF MARKETING 40.00
Highest
$153,408 $8,679 $162,087
WAYNE PROCOPE DIRECTOR OF FINANCE 40.00
Highest
$152,185 $0 $152,185
NEAL BALKOWITSCH PRESIDENT 1.50
Officer Director
$0 $0 $0
DAVID R PEELER CHAIRMAN 1.50
Officer Director
$0 $0 $0
CAROLINE ANN MERRIFIELD VICE CHAIR 1.50
Officer Director
$0 $0 $0
LINDA H THOMAS TREASURER 1.50
Officer Director
$0 $0 $0
BETSY BANKS EPSTEIN CLERK 1.50
Officer Director
$0 $0 $0
DAVID ALTSHULER TRUSTEE 1.50
Director
$0 $0 $0
JOHN CINI TRUSTEE 1.50
Director
$0 $0 $0
GERARD H COHEN TRUSTEE 1.50
Director
$0 $0 $0
CAROL DEANE TRUSTEE 1.50
Director
$0 $0 $0
WILLIAM FINARD TRUSTEE 1.50
Director
$0 $0 $0
DAVID FIRESTONE TRUSTEE 1.50
Director
$0 $0 $0
ARTHUR C HODGES TRUSTEE 1.50
Director
$0 $0 $0
ANN T HALL TRUSTEE 1.50
Director
$0 $0 $0
MARGARET EAGLE TRUSTEE 1.50
Director
$0 $0 $0
JOHN BARROS TRUSTEE 1.50
Director
$0 $0 $0
MARY CONNOLLY TRUSTEE 1.50
Director
$0 $0 $0
DAVID R EPSTEIN TRUSTEE 1.50
Director
$0 $0 $0
JANE JAMIESON TRUSTEE 1.50
Director
$0 $0 $0
SHERRYL COHEN TRUSTEE 1.50
Officer Director
$0 $0 $0
IMARI PARIS JEFFRIES TRUSTEE 1.50
Director
$0 $0 $0
CAROL B LANGER TRUSTEE 1.50
Director
$0 $0 $0
KRISTINE S LANGDON TRUSTEE 1.50
Director
$0 $0 $0
DAVID LEATHERS TRUSTEE 1.50
Director
$0 $0 $0
MAHMOOD MALIHI TRUSTEE 1.50
Director
$0 $0 $0
SHARON MALT TRUSTEE 1.50
Director
$0 $0 $0
RUMENA MANOLOVA-SENCHAK TRUSTEE 1.50
Director
$0 $0 $0
WILLIAM P MCQUILLAN TRUSTEE 1.50
Director
$0 $0 $0
SANDRA O MOOSE TRUSTEE 1.50
Director
$0 $0 $0
ANNE M MORGAN TRUSTEE 1.50
Director
$0 $0 $0
COKIE PERRY TRUSTEE 1.50
Director
$0 $0 $0
BILLY PORTER TRUSTEE 1.50
Director
$0 $0 $0
MITCHELL J ROBERTS TRUSTEE 1.50
Director
$0 $0 $0
JOHN D SPOONER TRUSTEE 1.50
Director
$0 $0 $0
KATE TAYLOR TRUSTEE 1.50
Director
$0 $0 $0
WENDELL TAYLOR TRUSTEE 1.50
Director
$0 $0 $0
LINDA WAINTRUP TRUSTEE 1.50
Director
$0 $0 $0
KAREN HOLMES WARD TRUSTEE 1.50
Director
$0 $0 $0
J DAVID WIMBERLY TRUSTEE 1.50
Director
$0 $0 $0
MARY WOLFSON TRUSTEE 1.50
Director
$0 $0 $0
GEORGE YIP TRUSTEE 1.50
Director
$0 $0 $0
WARREN R RADTKE' TRUSTEE EMERITUS 1.50
Director
$0 $0 $0
CAROLE ALKINS TRUSTEE 1.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $27,458,589 $20,383,976 $131,964,067 $7,074,613
2022 $30,823,108 $18,310,270 $117,670,714 $12,512,838
2021 $14,500,477 $9,835,708 $85,399,357 $4,664,769
2020 $22,356,894 $17,286,256 $74,437,513 $5,070,638
2019 $26,641,467 $18,661,255 $70,195,157 $7,980,212
2018 $36,389,495 $17,070,479 $60,932,998 $19,319,016
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