Civic Intelligence

Northern Stage Company

EIN 04-3387268 • 501(c)3 • White River Junction, VT

Pub. 78 Eligible

Profile

The organization's mission is to change lives one story at a time. Its purpose is to create, produce and promote the arts by presenting professional theater in an intimate setting. The organization is also committed to community outreach and education programs and the development of young artists through performance opportunities and production experiences.

76 Gates StreetWhite River Junction, VT 05001

www.northernstage.org

Siviq Scores

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

Liabilities / Assets

66th percentile

0.34x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

80th percentile

0.94x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

32nd percentile

$136,464

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

86th percentile

25%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$21,038,599

Up $4,202,372 (+25%) from 2024

Liabilities

Up

$7,246,055

Up $2,913,831 (+67%) from 2024

Net Assets

Up

$13,792,544

Up $1,288,541 (+10%) from 2024

Revenue

Up

$7,674,440

Up $1,627,420 (+27%) from 2024

Expenses

Up

$6,432,921

Up $809,064 (+14%) from 2024

Net Income

Up

$1,241,519

Up $818,356 (+193%) from 2024

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $1,487,623Liabilities 2011: $945,057Net Assets 2011: $542,5662011Assets 2012: $1,697,207Liabilities 2012: $930,280Net Assets 2012: $766,9272012Assets 2013: $1,649,115Liabilities 2013: $977,184Net Assets 2013: $671,9312013Assets 2014: $6,405,039Liabilities 2014: $1,057,291Net Assets 2014: $5,347,7482014Assets 2015: $10,047,342Liabilities 2015: $2,159,846Net Assets 2015: $7,887,4962015Assets 2016: $10,260,124Liabilities 2016: $1,524,033Net Assets 2016: $8,736,0912016Assets 2017: $9,493,814Liabilities 2017: $1,471,657Net Assets 2017: $8,022,1572017Assets 2018: $11,310,482Liabilities 2018: $2,610,422Net Assets 2018: $8,700,0602018Assets 2019: $9,384,036Liabilities 2019: $864,533Net Assets 2019: $8,519,5032019Assets 2020: $11,562,834Liabilities 2020: $1,303,337Net Assets 2020: $10,259,4972020Assets 2021: $10,796,589Liabilities 2021: $1,824,463Net Assets 2021: $8,972,1262021Assets 2022: $17,129,255Liabilities 2022: $5,019,843Net Assets 2022: $12,109,4122022Assets 2023: $16,901,347Liabilities 2023: $4,510,025Net Assets 2023: $12,391,3222023Assets 2024: $16,836,227Liabilities 2024: $4,332,224Net Assets 2024: $12,504,0032024Assets 2025: $21,038,599Liabilities 2025: $7,246,055Net Assets 2025: $13,792,5442025

Highlighted filing

2025

Assets$21,038,599
Liabilities$7,246,055
Net Assets$13,792,544

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,161,3302011Expenses 2012: $2,137,5242012Revenue 2013: $1,907,252Expenses 2013: $2,002,248Net Income 2013: -$94,9962013Revenue 2014: $6,663,071Expenses 2014: $2,008,003Net Income 2014: $4,655,0682014Revenue 2015: $4,522,240Expenses 2015: $1,986,657Net Income 2015: $2,535,5832015Revenue 2016: $3,249,725Expenses 2016: $2,401,130Net Income 2016: $848,5952016Revenue 2017: $2,347,277Expenses 2017: $3,061,211Net Income 2017: -$713,9342017Revenue 2018: $4,306,277Expenses 2018: $3,628,374Net Income 2018: $677,9032018Revenue 2019: $4,824,124Expenses 2019: $5,010,314Net Income 2019: -$186,1902019Revenue 2020: $6,513,388Expenses 2020: $4,780,618Net Income 2020: $1,732,7702020Revenue 2021: $1,971,269Expenses 2021: $3,280,726Net Income 2021: -$1,309,4572021Revenue 2022: $10,516,275Expenses 2022: $7,347,252Net Income 2022: $3,169,0232022Revenue 2023: $6,356,445Expenses 2023: $6,082,179Net Income 2023: $274,2662023Revenue 2024: $6,047,020Expenses 2024: $5,623,857Net Income 2024: $423,1632024Revenue 2025: $7,674,440Expenses 2025: $6,432,921Net Income 2025: $1,241,5192025

Highlighted filing

2025

Revenue$7,674,440
Expenses$6,432,921
Net Income$1,241,519

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$21.0$7.25$13.8$7.67$6.43$1.24
2024Detailed filing. Detailed filing data is available for this year.$16.8$4.33$12.5$6.05$5.62$0.42
2023Detailed filing. Detailed filing data is available for this year.$16.9$4.51$12.4$6.36$6.08$0.27
2022Detailed filing. Detailed filing data is available for this year.$17.1$5.02$12.1$10.5$7.35$3.17
2021Detailed filing. Detailed filing data is available for this year.$10.8$1.82$8.97$1.97$3.28$1.31
2020Detailed filing. Detailed filing data is available for this year.$11.6$1.30$10.3$6.51$4.78$1.73
2019Detailed filing. Detailed filing data is available for this year.$9.38$0.86$8.52$4.82$5.01$0.19
2018Detailed filing. Detailed filing data is available for this year.$11.3$2.61$8.70$4.31$3.63$0.68
2017Detailed filing. Detailed filing data is available for this year.$9.49$1.47$8.02$2.35$3.06$0.71
2016Detailed filing. Detailed filing data is available for this year.$10.3$1.52$8.74$3.25$2.40$0.85
2015Detailed filing. Detailed filing data is available for this year.$10.0$2.16$7.89$4.52$1.99$2.54
2014Detailed filing. Detailed filing data is available for this year.$6.41$1.06$5.35$6.66$2.01$4.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.98$0.67$1.91$2.00$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.93$0.77$2.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.95$0.54$2.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Mar 4, 2026
Return Version
2024v5.0
Gross Receipts
$14,581,369
Mission and Program Overview

Mission

The organization's mission is to change lives one story at a time. Its purpose is to create, produce and promote the arts by presenting professional theater in an intimate setting. The organization is also committed to community outreach and education programs and the development of young artists through performance opportunities and production experiences.

Northern stage's mission is to change lives, one story at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,776,607$12,691,422▲ $4,914,815
Pledges and Grants Receivable$3,539,297$3,941,553▲ $402,256
Investments in Publicly Traded Securities$4,580,010$3,319,969▼ $1,260,041
Cash and Non-Interest-Bearing Accounts$307,244$793,152▲ $485,908
Prepaid Expenses and Deferred Charges$152,755$145,724▼ $7,031
Loans From Officers Directors$86,000$80,000▼ $6,000
Savings and Temporary Cash Investments$176,723$72,429▼ $104,294
Accounts Receivable$25,051$62,976▲ $37,925
Total Assets$16,836,227$21,038,599▲ $4,202,372
Other Assets Total$278,540$11,374▼ $267,166
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,342,123$2,295,594▼ $46,529
Accounts Payable and Accrued Expenses$184,847$2,242,685▲ $2,057,838
Grants Payable$1,000,000$2,030,000▲ $1,030,000
Deferred Revenue$365,286$506,820▲ $141,534
Unsecured Notes Loans Payable$40,000$46,000▲ $6,000
Other Liabilities$313,968$44,956▼ $269,012
Total Liabilities$4,332,224$7,246,055▲ $2,913,831
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,089,551$9,540,816▲ $2,451,265
Net Assets Without Donor Restrictions$5,414,452$4,251,728▼ $1,162,724
Total Net Assets Fund Balance$12,504,003$13,792,544▲ $1,288,541
Total Liabilities and Net Assets / Fund Balance$16,836,227$21,038,599▲ $4,202,372

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,952,103$2,010,108$7,962,211
Other Land Buildings$5,610,602-$5,610,602
Land$756,576-$756,576
Equipment$146,583$488,475$635,058
Leasehold Improvements$225,558$215,938$441,496

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$476,429-▲ $31,707$-49,673$458,463
2023$375,487$60,600▲ $40,342-$476,429
2022$304,706$78,400▲ $2,381$10,000$375,487
2021$320,607$5,294▼ $21,195-$304,706
2020$250,349-▲ $70,258-$320,607
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol DunneProd. ArtistFT$130,889$5,575$136,464
Jason SmollerManaging DirectorFT$120,183-$120,183

Board Members and Trustees

NameTitle
Jennifer Kaye ArgentiChair
Nancy MurrayVice Chair
Alison KapadiaBoard Member
Bala ChaudharyBoard Member
Charmaris Dariasleft in Oct 2024Board Member
Curtis WellingBoard Member
David GrantBoard Member
James LynchBoard Member
Jennifer LanghusBoard Member
John SandersBoard Member
Kathy SmithBoard Member
Keri CraftBoard Member
Lori ShipulskiBoard Member
Matthew DelmontBoard Member
Patricia JacksonBoard Member
Rachel DicksonBoard Member
Rubi SimonBoard Member
Steve ImmeltBoard Member
Joe MajorSecretary
Jonathan SpectorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,018,990
Program Service Revenue
$1,615,251
Investment Income
$109,967
Other Revenue
$-69,768
All Other Contributions
$5,523,369
Change in Net Assets
$1,241,519

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 AmountValuation Method
Other Non Cash Contri Table4$54,641Fair Market Value
Securities Publicly Traded5$26,957Fair Market Value
Total Noncash Contributions9$81,598-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,661,371
Revenue Not Reported on Financial Statements
$13,069
Revenue Not Reported on Form 990
$465,609
Total Revenue per Audited Statements
$8,126,980
Total Revenue per Form 990
$7,674,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,278,374
Grants and Similar Amounts Paid$2,127,500
Other Expenses$2,027,047
Total Fundraising Expense$297,045
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,127,500--$2,127,500
Other Salaries and Wages$1,202,065$378,744$144,130$1,724,939
Occupancy$321,108$56,666-$377,774
Depreciation Depletion$203,760$87,326-$291,086
Current Officers, Directors, Trustees, and Key Employees$123,344$62,761$74,978$261,083
Fees for Services Other$232,875-$13,415$246,290
Royalties$234,064--$234,064
Payroll Taxes$103,114$37,536$15,623$156,273
Fees for Services Accounting-$125,623-$125,623
Advertising$115,097-$2,349$117,446
Other Employee Benefits$88,274$17,745$10,424$116,443
Travel$92,928$10,325-$103,253
Insurance$71,609$25,505$981$98,095
Interest$11,374$58,921-$70,295
Office Expenses$35,058$9,555$7,758$52,371
Other Expenses$250,476$21,585$25,620$47,205
Pension Plan Contributions$14,924$2,945$1,767$19,636
Fees for Service Investment Mgmnt Fees-$13,069-$13,069
Total Functional Expenses$5,227,570$908,306$297,045$6,432,921

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,932,483
Total Expenses per Form 990$6,432,921
Expenses per Audited Statements$6,419,852
Expenses Not Reported on Form 990$512,631
Expenses Not Reported on Financial Statements$13,069
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alliance TheatreAtlanta, GA-Women Artistic Direc$390,000
Goodman TheatreChicago, IL-Women Artistic Direc$390,000
Mccarter Theater CenterPrinceton, NJ-Women Artistic Direc$390,000
Wp TheatreNew York, NY-Women Artistic Direc$350,000
Lincoln Center TheaterNew York, NY-Women Artistic Direc$292,500
Ensemble TheatreHouston, TX-Women Artistic Direc$120,000
Woolly Mammoth TheatreWashington, DC-Women Artistic Direc$97,500
Alliance TheatreAtlanta, GA-New Productions$30,000
Goodman TheatreChicago, IL-New Productions$30,000
Jungle TheatreMinneapolis, MN-New Productions$30,000
Classic Stage CompanyNew York, NY-New Productions$7,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$184,433
Fundraising Direct Expenses$178,830
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Nyc Trip$143,392$125,392$1,493$123,899
Dc Trip$69,041$59,041$9,550$49,491
Total Events$212,433$184,433$178,830$5,603
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$86,000$80,000▼ $6,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity$33,582
Lease Liability$11,374
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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

Audit committee reviews the 990 prior to signature. After review, the committee either requests edits or recommends distribution to the full board for review. If there are no substantial comments or edits, the board recommends signature.

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

Any suspected compliance issues are to be raised to the managing director, the chair of the board, or the chair of the governance committee. The governance committee is responsible for investigating and engaging an external investigator if necessary.

Form 990, Page 6, Part VI, Line 15A

The executive committee acts as the compensation committee. Comparable salaries are researched. In executive session of a full board meeting, the committee presents proposed salaries and compensation for the managing and artistic director, and any concerns are discussed. Authority for determining salary ultimately lies with the board chair. Compensation for all other positions is reviewed and approved by the managing director.

Form 990, Page 6, Part VI, Line 19

The form 990 and governing documents may be inspected at the offices of northern stage at any time. Copies of the form 990 will be provided upon request as required by law.

Filing and Contact Details

Filer

Filer Name
Northern Stage Company
EIN
04-3387268
Phone
8022967000
Address
76 GATES STREET, WHITE RIVER JUNCTION, VT 05001

Signing Officer

Name
Jason Smoller
Title
Managing Director
Phone
8022967000
Signed
2026-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Smoller
Formed
1997
Legal Domicile
Vt
Voting Board Members
19
Independent Board Members
14
Employees
88
Volunteers
75

Preparer

Firm
Jmm & Associates Pc
Address
463 MOUNTAIN VIEW DR STE 403, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization's mission is to change lives one story at a time. Its purpose is to create, produce and promote the arts by presenting professional theater in an intimate setting. The organization is also committed to community outreach and education programs and the development of young artists through performance opportunities and production experiences.

Form 990, Page 2, Part III, Line 4A

Theatrical productions - the organization offers 4-6 mainstage productions from june to may. Operating under a lort-d contract with actors' equity, the organization draws talent from the region and across the country, including many with broadway, regional theater, and national tour credits. Seasons include comedies, dramas, musicals from the classic cannon, new shows fresh from broadway and london's west end, and world premiere productions. The organization is also committed to the development of new works for the american theater with its new works now festival of staged readings and new play readings and workshops conducted throughout the season. The theater also hosts, under the leadership of the producing artistic director, the bold theater women's leadership circle which nurtures emerging women directors, playwrights and designers in a major national program. Bold artists work frequently on and offstage at northern stage.

Form 990, Page 2, Part III, Line 4B

Education - at the heart of northern stage's mission to change lives one story at a time, is our work with students of all ages. We value education and offer programs that nurture, delight, and challenge the generations of theater lovers. The organization offers students of all ages a year-round schedule of education programs, including workshops, classes, and summer camps. The programs are taught by working theater professionals. Additionally, the organization produces a theater intensive each summer for students ages 12-18, which includes four weeks of rehearsal and culminates in a one-two week run of a fully-staged, fuly-realized theater work. Integral to the organization's education programs is the youth ensemble studio yes), a group of young actors who develop, rehearse, and perform work at the organization.bridgeup: theater in the schools has operated since 2017. Bridgeup is an eight-week in-school theater program with a mission to increase theater access and learning resources through shakespeare in the schools and musical theatre in the schools residencies. All of these programs are under the direction of the director of education and report directly the producing artistic director.

Form 990, Part XI, Line 9

Direct rental expenses 282,001 direct fundraising expenses 178,830 direct rental expenses -282,001 direct fundraising expenses -178,830 direct rental expenses 0 direct fundraising expenses 0 direct rental expenses 0 direct fundraising expenses 0

Financial Statement Notes

Schedule D, Page 3, Part X

Northern stage believes there are no unceratin tax positions that are material to the financial statements. As a result, the organization has not recorded any liability for uncertain tax positions.

Schedule D, Page 4, Part XI, Line 2D

Direct rental expenses 282,001 direct fundraising expenses 178,830

Schedule D, Page 4, Part XII, Line 2D

Direct rental expenses 282,001 direct fundraising expenses 178,830

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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION - AT THE HEART OF NORTHERN STAGE'S MISSION TO CHANGE LIVES ONE STORY AT A TIME, IS OUR WORK WITH STUDENTS OF ALL AGES. WE VALUE EDUCATION AND OFFER PROGRAMS THAT NURTURE, DELIGHT, AND CHALLENGE THE GENERATIONS OF THEATER LOVERS. THE ORGANIZATION OFFERS STUDENTS OF ALL AGES A YEAR-ROUND SCHEDULE OF EDUCATION PROGRAMS, INCLUDING WORKSHOPS, CLASSES, AND SUMMER CAMPS. THE PROGRAMS ARE TAUGHT BY WORKING THEATER PROFESSIONALS. ADDITIONALLY, THE ORGANIZATION PRODUCES A THEATER INTENSIVE EACH SUMMER FOR STUDENTS AGES 12-18, WHICH INCLUDES FOUR WEEKS OF REHEARSAL AND CULMINATES IN A ONE-TWO WEEK RUN OF A FULLY-STAGED, FULY-REALIZED THEATER WORK. INTEGRAL TO THE ORGANIZATION'S EDUCATION PROGRAMS IS THE YOUTH ENSEMBLE STUDIO YES), A GROUP OF YOUNG ACTORS WHO DEVELOP, REHEARSE, AND PERFORM WORK AT THE ORGANIZATION.BRIDGEUP: THEATER IN THE SCHOOLS HAS OPERATED SINCE 2017. BRIDGEUP IS AN EIGHT-WEEK IN-SCHOOL THEATER PROGRAM WITH A MISSION TO INCREASE THEATER ACCESS AND LEARNING RESOURCES THROUGH SHAKESPEARE IN THE SCHOOLS AND MUSICAL THEATRE IN THE SCHOOLS RESIDENCIES. ALL OF THESE PROGRAMS ARE UNDER THE DIRECTION OF THE DIRECTOR OF EDUCATION AND REPORT DIRECTLY THE PRODUCING ARTISTIC DIRECTOR.
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