Civic Intelligence

Penobscot Theater Company

EIN 01-0387418 • 501(c)3 • Bangor, ME

Profile

Promoting and encouraging dramatics and theatrical art by producing and sponsoring high quality live theatre and conducting children's workshops, educational outreach programs and intern training programs.

131 Main StreetBangor, ME 04401

www.penobscottheatre.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.46x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.61x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$70,070

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

19th percentile

-8.0%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

37%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,408,075

Down $208,194 (-8.0%) from 2023

Liabilities

Up

$1,107,954

Up $124,652 (+13%) from 2023

Net Assets

Down

$1,300,121

Down $332,846 (-20%) from 2023

Revenue

Up

$1,807,124

Up $484,845 (+37%) from 2023

Expenses

Up

$2,214,826

Up $77,905 (+3.6%) from 2023

Net Income

Up

-$407,702

Up $406,940 (+50%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,139,655Liabilities 2010: $520,428Net Assets 2010: $619,2272010Assets 2011: $1,113,999Liabilities 2011: $501,802Net Assets 2011: $612,1972011Assets 2012: $1,092,648Liabilities 2012: $483,084Net Assets 2012: $609,5642012Assets 2013: $1,043,679Liabilities 2013: $446,675Net Assets 2013: $597,0042013Assets 2014: $1,196,100Liabilities 2014: $464,996Net Assets 2014: $731,1042014Assets 2015: $1,570,499Liabilities 2015: $616,908Net Assets 2015: $953,5912015Assets 2016: $1,632,753Liabilities 2016: $556,700Net Assets 2016: $1,076,0532016Assets 2017: $1,927,817Liabilities 2017: $691,259Net Assets 2017: $1,236,5582017Assets 2018: $1,855,754Liabilities 2018: $634,695Net Assets 2018: $1,221,0592018Assets 2019: $1,868,803Liabilities 2019: $614,863Net Assets 2019: $1,253,9402019Assets 2020: $2,053,998Liabilities 2020: $818,982Net Assets 2020: $1,235,0162020Assets 2021: $3,641,212Liabilities 2021: $904,377Net Assets 2021: $2,736,8352021Assets 2022: $3,055,181Liabilities 2022: $625,464Net Assets 2022: $2,429,7172022Assets 2023: $2,616,269Liabilities 2023: $983,302Net Assets 2023: $1,632,9672023Assets 2024: $2,408,075Liabilities 2024: $1,107,954Net Assets 2024: $1,300,1212024

Highlighted filing

2024

Assets$2,408,075
Liabilities$1,107,954
Net Assets$1,300,121

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $764,2012010Expenses 2011: $805,2912011Expenses 2012: $821,8042012Revenue 2013: $843,645Expenses 2013: $856,205Net Income 2013: -$12,5602013Revenue 2014: $1,070,706Expenses 2014: $936,606Net Income 2014: $134,1002014Revenue 2015: $1,262,785Expenses 2015: $1,040,298Net Income 2015: $222,4872015Revenue 2016: $1,313,474Expenses 2016: $1,191,012Net Income 2016: $122,4622016Revenue 2017: $1,436,979Expenses 2017: $1,276,475Net Income 2017: $160,5042017Revenue 2018: $1,388,613Expenses 2018: $1,404,112Net Income 2018: -$15,4992018Revenue 2019: $1,857,662Expenses 2019: $1,824,781Net Income 2019: $32,8812019Revenue 2020: $1,327,527Expenses 2020: $1,346,451Net Income 2020: -$18,9242020Revenue 2021: $2,578,717Expenses 2021: $1,085,982Net Income 2021: $1,492,7352021Revenue 2022: $1,699,905Expenses 2022: $1,978,822Net Income 2022: -$278,9172022Revenue 2023: $1,322,279Expenses 2023: $2,136,921Net Income 2023: -$814,6422023Revenue 2024: $1,807,124Expenses 2024: $2,214,826Net Income 2024: -$407,7022024

Highlighted filing

2024

Revenue$1,807,124
Expenses$2,214,826
Net Income-$407,702

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.41$1.11$1.30$1.81$2.21$0.41
2023Detailed filing. Detailed filing data is available for this year.$2.62$0.98$1.63$1.32$2.14$0.81
2022Detailed filing. Detailed filing data is available for this year.$3.06$0.63$2.43$1.70$1.98$0.28
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.90$2.74$2.58$1.09$1.49
2020Detailed filing. Detailed filing data is available for this year.$2.05$0.82$1.24$1.33$1.35$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.61$1.25$1.86$1.82$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.86$0.63$1.22$1.39$1.40$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.93$0.69$1.24$1.44$1.28$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.56$1.08$1.31$1.19$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.57$0.62$0.95$1.26$1.04$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.20$0.46$0.73$1.07$0.94$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.45$0.60$0.84$0.86$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.48$0.61$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.50$0.61$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.52$0.62$0.76
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,927,588
Mission and Program Overview

Mission

Promoting and encouraging dramatics and theatrical art by producing and sponsoring high quality live theatre and conducting children's workshops, educational outreach programs and intern training programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,471,003$1,399,276▼ $71,727
Investments in Publicly Traded Securities$536,368$605,366▲ $68,998
Cash and Non-Interest-Bearing Accounts$378,568$144,465▼ $234,103
Prepaid Expenses and Deferred Charges$90,738$88,005▼ $2,733
Loans From Officers Directors-$50,000-
Accounts Receivable$33,143$43,238▲ $10,095
Pledges and Grants Receivable-$40,000-
Intangible Assets$4,655$4,270▼ $385
Total Assets$2,616,269$2,408,075▼ $208,194
Other Assets Total$101,794$83,455▼ $18,339
Liabilities
Mortgage Notes Payable Secured by Investment Property$498,948$464,261▼ $34,687
Deferred Revenue$324,905$308,225▼ $16,680
Other Liabilities$100,794$182,455▲ $81,661
Accounts Payable and Accrued Expenses$58,655$103,013▲ $44,358
Total Liabilities$983,302$1,107,954▲ $124,652
Net Assets / Fund Balance
Net Assets With Donor Restrictions$568,963$658,050▲ $89,087
Net Assets Without Donor Restrictions$1,064,004$642,071▼ $421,933
Total Net Assets Fund Balance$1,632,967$1,300,121▼ $332,846
Total Liabilities and Net Assets / Fund Balance$2,616,269$2,408,075▼ $208,194

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$836,841$278,512$1,115,353
Leasehold Improvements$453,027$375,003$828,030
Buildings$30,808$200,772$231,580
Equipment$520$80,465$80,985
Land$78,080-$78,080

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$536,368$1,000▲ $87,898$-19,900$605,366
2023$476,080$38,498▲ $21,790-$536,368
2022$492,033$11,848▼ $27,801-$476,080
2021$28,113$452,507▲ $12,462$-1,049$492,033
2020$28,113---$28,113
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer ShepardExecutive DiFT$65,918$4,152$70,070

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$690,459
Program Service Revenue
$960,005
Investment Income
$13,830
Other Revenue
$142,830
All Other Contributions
$685,459
Change in Net Assets
$-407,702

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$94,978
Other Non Cash Contri Table1$18,762
Total Noncash Contributions2$113,740

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,807,124
Revenue Not Reported on Form 990
$74,856
Total Revenue per Audited Statements
$1,881,980
Total Revenue per Form 990
$1,807,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,402,142
Other Expenses$807,922
Total Fundraising Expense$153,698
Professional Fundraising Fees$4,762
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$984,135$122,459$122,459$1,229,053
Other Employee Benefits$116,352$30,050-$146,402
Advertising$136,304--$136,304
Occupancy$132,684$544$543$133,771
Royalties$78,054--$78,054
Depreciation Depletion$71,671$219$220$72,110
Insurance$58,287$3,208$614$62,109
Travel$27,122--$27,122
Payroll Taxes$8,817$8,502$9,368$26,687
Interest$26,670--$26,670
All Other Expenses$10,386$10,203$1,460$22,049
Other Expenses$18,536$6,908$5,843$18,536
Fees for Services Other--$8,429$8,429
Office Expenses-$5,821-$5,821
Fees for Services Professional Fundraising--$4,762$4,762
Total Functional Expenses$1,873,214$187,914$153,698$2,214,826

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,214,826
Total Expenses per Audited Statements$2,214,826
Total Expenses per Form 990$2,214,826
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$48,047
Fundraising Direct Expenses$11,420
Professional Fundraising Fees$4,762

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$23,000$23,000-$23,000
Total Events$23,000$23,000$11,420$11,580
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$50,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$100,000
Operating Lease$82,455
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive director reviews the form 990 prior to its filing.

Form 990, Page 6, Part VI, Line 12C

The governance committee oversees the implementation of the conflict of interest policy, requiring each board member to complete a disclosure form at the outset of each fiscal year and ensuring compliance through periodic review.

Form 990, Page 6, Part VI, Line 18

Governing documents are made available to the public upon request.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Penobscot Theatre Company
EIN
01-0387418
Phone
2079476618
Address
131 MAIN STREET, BANGOR, ME 04401

Signing Officer

Name
Jennifer Shepard
Title
Executive Director
Phone
2079476618
Signed
2025-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gloria Vollmers
Formed
1983
Legal Domicile
Me
Voting Board Members
19
Independent Board Members
19
Employees
78
Volunteers
85

Preparer

Firm
Freeman & Associates Cpas
Address
1020 STILLWATER AVENUE, BANGOR, ME 04401
Preparer
Michael P Jones CPA
Phone
2073867870
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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20ARTISTIC DIR
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL/OUTREACH PROGRAMMING THAT IS THE LARGEST IN THE STATE, SERVING THOUSANDS OF MAINE STUDENTS IN SCHOOLS WITH WORKSHOPS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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