Playhouse Square is a performing arts center based in Cleveland, OH that was founded in 1973. As of 2018 they had $94 million in revenue and $332 million in assets.
Playhouse Square is the nation's largest performing arts center outside of New York and home to over 1,000 annual performances consisting of Broadway, concerts, comedy, dance, plays, opera, family shows and more.
Previous legal names or variations of their name include: Playhouse Square Foundation.
EIN:
23-7304942
City:
State:
Website:
Phone:
(216) 771-4444
Facebook:
Twitter:
Founded:
1973
Type:
501(c)(3)
NTEE:
Revenue:
$94,572,549
Assets:
$332,866,462
Employees:
764
Fiscal year end:
June
Program areas at Playhouse Square
Entertainment expenses - these include marketing and presentation expenses for the various presentations offered during the year. There were 1,069 events and approximately 1.1 million guests to the theaters during the year. Over 20,000 students and teachers attended children's theater performances due to subsidized buses or tickets. Over 90,000 students and adults participated in various programs hosted by playhouse square foundation throughout the year.
Area development and real estate management services to retain and attract tenants to the district.
Theater occupancy costs - these overhead expenses were associated with maintaining and operating the facilities to allow for the variety of events presented by the foundation and services provided to the guests.
Form 990s for Playhouse Square
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-06 | Oct 21, 2020 | 990 | View PDF |
| 2018-06 | Oct 12, 2019 | 990 | View PDF |
| 2017-06 | Nov 15, 2018 | 990 | View PDF |
| 2016-06 | Sep 29, 2017 | 990 | View PDF |
| 2015-06 | Aug 4, 2016 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for Playhouse Square
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $158,656 | $428,118 | -62.9% |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $1,814,991 | $2,183,481 | -16.9% |
| Normal grants, contributions, etc. | $17,757,495 | $15,647,861 | 13.5% |
| <em>Non-cash contributions included in above</em> | $758,530 | $345,612 | 119.5% |
| Total grants, contributions, etc. | $19,731,142 | $18,259,460 | 8.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $19,731,142 | $18,259,460 | 8.1% |
| Program services | $59,593,838 | $44,853,968 | 32.9% |
| Investment income and dividends | $348,957 | $454,736 | -23.3% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $13,326,962 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $1,571,650 | $2,522,918 | -37.7% |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $94,572,549 | $66,091,082 | 43.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $1,135,625 | $1,062,173 | 6.9% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $10,147,707 | $10,139,287 | 0.1% |
| Pension/retirement accruals and contributions | $606,943 | $547,907 | 10.8% |
| Other employee benefits | $2,261,108 | $2,301,624 | -1.8% |
| Payroll taxes | $973,887 | $789,224 | 23.4% |
| Management fees | $0 | $0 | |
| Legal fees | $68,152 | $84,418 | -19.3% |
| Accounting fees | $140,810 | $145,189 | -3.0% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $860,839 | $892,458 | -3.5% |
| Advertising and promotion | $3,931,247 | $3,146,517 | 24.9% |
| Office expenses | $1,086,181 | $1,061,141 | 2.4% |
| Information tech. expenses | $177,758 | $157,273 | 13.0% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $2,122,650 | $2,065,243 | 2.8% |
| Travel | $49,342 | $57,658 | -14.4% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $257,433 | $212,802 | 21.0% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $4,406,442 | $4,453,444 | -1.1% |
| Insurance | $507,849 | $471,386 | 7.7% |
| All other expenses | $41,012,095 | $32,799,735 | 25.0% |
| Total expenses | $69,746,068 | $60,387,479 | 15.5% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $18,009,484 | $7,854,300 | 129.3% |
| Savings, short-term investments, etc. | $114,744,034 | $44,903,310 | 155.5% |
| Pledges and grants receivable | $16,421,722 | $32,071,378 | -48.8% |
| Accounts receivable | $10,058,565 | $11,564,136 | -13.0% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $7,870 | $73,066 | -89.2% |
| Prepaid expenses and deferred charges | $2,465,504 | $2,706,231 | -8.9% |
| Buildings, equipment, etc. post-depreciation | $80,061,512 | $51,120,318 | 56.6% |
| Investments, publicly traded securities | $0 | $0 | |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $89,339,710 | $81,762,274 | 9.3% |
| Intangible assets | $1,758,061 | $564,373 | 211.5% |
| Other assets | $0 | $0 | |
| Total assets | $332,866,462 | $232,619,386 | 43.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $11,010,713 | $8,994,543 | 22.4% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $44,061,160 | $29,198,481 | 50.9% |
| Tax-exempt bond liabilities | $74,880,000 | $25,199,980 | 197.1% |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $8,896,403 | $5,857,834 | 51.9% |
| Unsecured notes and loans payable to unrelated third parties | $1,950,123 | $0 | 999% |
| Other liabilities | $0 | $0 | |
| Total liabilities | $140,798,399 | $69,250,838 | 103.3% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $162,248,146 | $125,686,069 | 29.1% |
| Temporarily restricted net assets | $24,527,429 | $32,895,491 | -25.4% |
| Permanently restricted net assets | $5,292,488 | $4,786,988 | 10.6% |
Vendors for Playhouse Square
| Vendor | Services | Amount paid | Date |
|---|
| Microsoft Services | Software | | 2020-03-17 |
| ██████ | Content management system software | | 2020-03-03 |
| ██████████ | Fundraising software | | 2020-03-03 |
| ███ ██ ███ | Tax accounting; Audit accounting | | 2019-07-05 |
| ███████ ████████ ███████ | General Contractor Services | $1,771,000 | 2018-06-01 |
| ██████ ████████████ ███████ | General Contractor Services | $2,283,922 | 2018-06-01 |
| █████ | Contract Management Services | $482,283 | 2018-06-01 |
| ██████████████ ███████ | Hvac Services | $849,086 | 2018-06-01 |
| ...and six more vendors |
Personnel at Playhouse Square
| Name | Title | Compensation | Most recent data |
|---|
| Art J Falco | President and Chief Executive Officer | $518,824 | June 30, 2018 |
| Patricia Gaul | Vice President Finance and General Administration | $310,844 | July 5, 2019 |
| ███████ █████ | Vice President Sales and Technology | $197,756 | June 30, 2018 |
| ████████ ████ ███████ | Vice President Development | $238,842 | June 30, 2018 |
| █████ █████ | Vice President Strategic Development | $276,667 | June 30, 2018 |
| ██████ █████ | Vice President Ticket Sales and Marketing | $191,193 | June 30, 2018 |
| ███ ██ █████ | Chair | $0 | Sept. 30, 2020 |
| ████ ██ ████ | Secretary Treasurer | $0 | Sept. 30, 2020 |
| ████ ██ ██████████ | Vice Chair, Real Estate Development | $0 | Sept. 30, 2020 |
| ████ ██ ████ | Vice Chair, Strategic Planning | $0 | Sept. 30, 2020 |
| ...and 10 more key personnel |
Peer performing arts centers
| | Name | Type | Revenue | Location |
|---|
| 1 | Denver Center for the Performing Arts | 501(c)(3) | $74 million | Denver, CO |
| 2 | Kravis Center | 501(c)(3) | $45 million | West Palm Beach, FL |
| 3 | The Smith Center for the Performing Arts | 501(c)(3) | $39 million | Las Vegas, NV |
| 4 | Shea's Performing Arts Center | 501(c)(3) | $28 million | Buffalo, NY |
| 5 | Tennessee Performing Arts Center (TPAC) | 501(c)(3) | $23 million | Nashville, TN |
| 6 | David A Straz JR Center | 501(c)(3) | $40 million | Tampa, FL |
| 7 | Ruth Eckerd Hall | 501(c)(3) | $31 million | Clearwater, FL |
| 8 | Kimmel Center | 501(c)(3) | $51 million | Philadelphia, PA |
| 9 | New Jersey Performing Arts Center Corporation | 501(c)(3) | $54 million | Newark, NJ |
| 10 | Walton Arts Center Council | 501(c)(3) | $29 million | Fayetteville, AR |
| 11 | Wang Theatre | 501(c)(3) | $25 million | Boston, MA |
| 12 | Center Theatre Group | 501(c)(3) | $64 million | Los Angeles, CA |
| 13 | Dr. Phillips Center for the Performing Arts | 501(c)(3) | $45 million | Orlando, FL |
| 14 | Segerstrom Center for the Arts | 501(c)(3) | $77 million | Costa Mesa, CA |
| 15 | Flint Cultural Center Corporation | 501(c)(3) | $40 million | Flint, MI |
| 16 | Wolf Trap Foundation for the Performing Arts | 501(c)(3) | $38 million | Vienna, VA |
| 17 | Omaha Performing Arts (OPAS) | 501(c)(3) | $27 million | Omaha, NE |
| 18 | Seattle Theatre Group | 501(c)(3) | $91 million | Seattle, WA |
| 19 | Pittsburgh Cultural Trust | 501(c)(3) | $79 million | Pittsburgh, PA |
| 20 | Des Moines Performing Arts | 501(c)(3) | $29 million | Des Moines, IA |
| 21 | Adrienne Arts Center Trust | 501(c)(3) | $42 million | Miami, FL |
| 22 | The Music Center | 501(c)(3) | $85 million | Los Angeles, CA |
| 23 | AT&T Performing Arts Center | 501(c)(3) | $34 million | Dallas, TX |
| 24 | National Arts Centre Corporation | 501(c)(3) | $85 million | Canada, |
| 25 | the Perelman Center (PACWTC) | 501(c)(3) | $80 million | New York, NY |