THE LEGACY THEATRE INC

EIN: 452855557 501(c)(3) Arts, Culture & Humanities

BRANFORD, CT

Total Revenue
$2,073,393
Total Expenses
$1,911,730
Total Assets
$4,949,418
Net Assets
$2,180,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
CT
Principal Officer
JOHN L WILLIAMS
Phone
2032085504
Tax Period
2024-01-01 to 2024-12-31

THE LEGACY THEATRE INC, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.9M left a modest 8% surplus.

Mission

THE LEGACY THEATRE IS A PROFESSIONAL THEATRE COMPANY THAT ENHANCES THE CONNECTICUT SHORELINE'S ECONOMY, EDUCATIONAL OPPORTUNITIES AND QUALITY OF LIFE THROUGH LIVE THEATRE AND RELATED PROGRAMS. THE LEGACY STRIVES TO BE A PREMIERE ARTS HOUSE FOR LOCAL ARTISTS, PROFESSIONAL COMPANIES, AND TO ENSURE ONGOING SEASONS OF UPLIFTING, INSPIRING, AND CHALLENGING PROFESSIONAL THEATRE AND THEATRE TRAINING FOR ALL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,601,001
Program Service Revenue $451,709
Investment Income $-29
Other Revenue $20,712
TOTAL REVENUE $2,073,393

Expense Breakdown

Grants Paid $0
Salaries & Benefits $704,115
Fundraising Expenses $185,168
Program Expenses $1,182,756
Other Expenses $1,204,765
TOTAL EXPENSES $1,911,730

Year-over-Year Comparison

2024 2023 Change
Revenue $2,073,393 $2,529,950 -0.2%
Expenses $1,911,730 $1,709,133 +0.1%
Net Income $161,663 $820,817 -0.8%
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
11
Independent Members
11
Employees
31
Volunteers
68

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
4
$3,402
Total Directors
12
$89,274
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE WILLIAMS PRESIDENT 10.00
Officer Director
$3,402 $0 $3,402
JANA SHEA VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
JOHN L WILLIAMS TREASURER 5.00
Officer Director
$0 $0 $0
TOM SHEA TRUSTEE 3.00
Director
$0 $0 $0
KATINA GIONTERIS SECRETARY 5.00
Officer Director
$0 $0 $0
DAMIAN DORIA TRUSTEE 5.00
Director
$0 $0 $0
BRIAN KNUDSEN TRUSTEE 5.00
Director
$0 $0 $0
CHARLES GRADY TRUSTEE 3.00
Director
$0 $0 $0
KEELY KNUDSEN EX-OFFICIO, ARTISTIC DIREC 40.00
Director
$85,336 $0 $85,336
SONJA LABARBERA TRUSTEE 5.00
Director
$0 $0 $0
MARY PEPE TRUSTEE 3.00
Director
$0 $0 $0
JAMES RODAY RODRIGUEZ TRUSTEE 3.00
Director
$536 $0 $536
JEFFRY PROVOST FORMER EX-OFFICIO, MD 40.00
$119,500 $0 $119,500
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 $2,073,393 $1,911,730 $4,949,418 $161,663
2023 $2,529,950 $1,709,133 $5,278,545 $820,817
2022 $1,200,356 $1,514,979 $5,608,178 $-314,623
2021 $1,296,962 $1,020,675 $5,919,572 $276,287
2020 $211,426 $185,818 $4,637,379 $25,608
2020 $150,844 $221,751 $2,545,854 $-70,907
2019 $1,228,117 $231,028 $1,682,063 $997,089
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