CLASSIC THEATRE OF MARYLAND INC

EIN: 273672057 501(c)(3) Arts, Culture & Humanities

Annapolis, MD

Total Revenue
$635,911
Total Expenses
$615,799
Total Assets
$295,482
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MD
Principal Officer
Sally Boyett
Phone
4102801773
Tax Period
2023-01-01 to 2023-12-31

CLASSIC THEATRE OF MARYLAND INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $636K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $616K left a modest 3% surplus.

Mission

Classic Theatre of Marylands mission is to produce bold re-imagined entertaining and accessible interpretations of classical works contemporary plays and musicals with a core commitment to the works of Shakespeare and other major dramatists. CTM is committed to promoting the highest level of artistic excellence to cultivating the widest possible audience and to contributing to the economic and cultural growth of our community state and region with the following experiences and programs: * Year-Round Season of Professional Theatre * Educational Artist-in-Residence Programs * Pre-professional Training and Internship Programs Classic Theatre of Maryland enriches the human community through the revelation of beauty and the illumination of fundamental truths of human experience.

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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 $163,411
Program Service Revenue $472,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $635,911

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,800
Fundraising Expenses $0
Program Expenses $473,800
Other Expenses $530,999
TOTAL EXPENSES $615,799

Year-over-Year Comparison

2023 2022 Change
Revenue $635,911 $555,439 +0.1%
Expenses $615,799 $568,933 +0.1%
Net Income $20,112 $-13,494 -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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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
20

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
0
$0
Total Directors
0
$0
Key Employees
1
$109,998
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sally Boyett Producing Artistic Director 54.00
Key Emp
$54,999 $54,999 $109,998
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
2023 $635,911 $615,799 $295,482 $20,112
2022 $555,439 $568,933 $467,671 $-13,494
2021 $495,479 $495,479 $60,543 No data
2020 $183,543 $518,140 $38,953 $-334,597
2019 $545,369 $533,393 $74,359 $11,976
2018 $480,104 $493,126 $64,183 $-13,022
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