Civic Intelligence

Mccarter Theatre Company

EIN 21-0724198 • 501(c)3 • Princeton, NJ

Profile

Mccarter theatre center is recognized as one of this country's leading theaters and is the only organization in the country that is both a professional producing theatre and a major presenter of the performing arts. With this identity comes a unique commitment to creating, developing and producing new work for the stage, reinvestigating classical theatrical repertoire and bringing the best of the world's performing artists to central new jersey. Mccarter demonstrates an unwavering commitment to engaging, educating, and cultivating a broad range of audiences, making the arts accessible to all people and presenting an unparalleled variety of bold, stimulating and provocative programs across the disciplines.

91 University PlacePrinceton, NJ 08540

www.mccarter.org

Siviq Scores

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

Liabilities / Assets

40th percentile

0.13x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.34x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

23rd percentile

-4.8%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

19th percentile

-3.1%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

51%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$36,557,343

Down $1,158,633 (-3.1%) from 2023

Liabilities

Up

$4,680,757

Up $289,427 (+6.6%) from 2023

Net Assets

Down

$31,876,586

Down $1,448,060 (-4.3%) from 2023

Revenue

Up

$13,907,448

Up $4,710,265 (+51%) from 2023

Expenses

Up

$14,568,107

Up $750,503 (+5.4%) from 2023

Net Income

Up

-$660,659

Up $3,959,762 (+86%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $19,221,039Liabilities 2010: $2,220,299Net Assets 2010: $17,000,7402010Assets 2011: $20,301,493Liabilities 2011: $2,152,655Net Assets 2011: $18,148,8382011Assets 2012: $18,054,027Liabilities 2012: $1,861,266Net Assets 2012: $16,192,7612012Assets 2013: $17,502,312Liabilities 2013: $1,640,679Net Assets 2013: $15,861,6332013Assets 2014: $18,397,507Liabilities 2014: $1,867,559Net Assets 2014: $16,529,9482014Assets 2015: $23,398,169Liabilities 2015: $1,820,433Net Assets 2015: $21,577,7362015Assets 2016: $23,762,442Liabilities 2016: $1,906,555Net Assets 2016: $21,855,8872016Assets 2017: $27,793,659Liabilities 2017: $2,723,345Net Assets 2017: $25,070,3142017Assets 2018: $31,291,508Liabilities 2018: $3,392,484Net Assets 2018: $27,899,0242018Assets 2019: $30,224,958Liabilities 2019: $3,374,826Net Assets 2019: $26,850,1322019Assets 2020: $28,336,036Liabilities 2020: $3,201,019Net Assets 2020: $25,135,0172020Assets 2021: $42,200,271Liabilities 2021: $3,280,470Net Assets 2021: $38,919,8012021Assets 2022: $43,142,569Liabilities 2022: $3,244,507Net Assets 2022: $39,898,0622022Assets 2023: $37,715,976Liabilities 2023: $4,391,330Net Assets 2023: $33,324,6462023Assets 2024: $36,557,343Liabilities 2024: $4,680,757Net Assets 2024: $31,876,5862024

Highlighted filing

2024

Assets$36,557,343
Liabilities$4,680,757
Net Assets$31,876,586

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,395,1622010Revenue 2011: $9,715,907Expenses 2011: $10,591,568Net Income 2011: -$875,6612011Expenses 2012: $11,362,0002012Expenses 2013: $11,767,7362013Revenue 2014: $10,605,976Expenses 2014: $10,911,001Net Income 2014: -$305,0252014Revenue 2015: $14,794,635Expenses 2015: $10,929,470Net Income 2015: $3,865,1652015Revenue 2016: $12,101,193Expenses 2016: $11,266,094Net Income 2016: $835,0992016Revenue 2017: $13,993,644Expenses 2017: $11,878,415Net Income 2017: $2,115,2292017Revenue 2018: $13,827,351Expenses 2018: $12,663,474Net Income 2018: $1,163,8772018Revenue 2019: $12,229,189Expenses 2019: $13,174,085Net Income 2019: -$944,8962019Revenue 2020: $11,621,825Expenses 2020: $11,861,824Net Income 2020: -$239,9992020Revenue 2021: $7,589,397Expenses 2021: $5,031,427Net Income 2021: $2,557,9702021Revenue 2022: $14,338,092Expenses 2022: $11,363,913Net Income 2022: $2,974,1792022Revenue 2023: $9,197,183Expenses 2023: $13,817,604Net Income 2023: -$4,620,4212023Revenue 2024: $13,907,448Expenses 2024: $14,568,107Net Income 2024: -$660,6592024

Highlighted filing

2024

Revenue$13,907,448
Expenses$14,568,107
Net Income-$660,659

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.6$4.68$31.9$13.9$14.6$0.66
2023Summary only. Only limited summary data is available for this year.$37.7$4.39$33.3$9.20$13.8$4.62
2022Summary only. Only limited summary data is available for this year.$43.1$3.24$39.9$14.3$11.4$2.97
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.2$3.28$38.9$7.59$5.03$2.56
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$3.20$25.1$11.6$11.9$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.2$3.37$26.9$12.2$13.2$0.94
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.3$3.39$27.9$13.8$12.7$1.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.8$2.72$25.1$14.0$11.9$2.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.8$1.91$21.9$12.1$11.3$0.84
2015Summary only. Only limited summary data is available for this year.$23.4$1.82$21.6$14.8$10.9$3.87
2014Detailed filing. Detailed filing data is available for this year.$18.4$1.87$16.5$10.6$10.9$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$1.64$15.9$11.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$1.86$16.2$11.4
2011Summary only. Only limited summary data is available for this year.$20.3$2.15$18.1$9.72$10.6$0.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$2.22$17.0$10.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$20,036,621
Mission and Program Overview

Mission

Mccarter theatre center is a nationally acclaimed producing theatre and a leading presenter of the performing arts. Mccarter's mission is to create world-class theater and present the finest performing artists for the engagement, education, and entertainment of our community.

Mccarter is one of country's flagship producing theatres, a vibrant community gathering space, and center for the performing arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$29,497,390$28,134,847▼ $1,362,543
Land, Buildings, and Equipment, Net$3,033,416$2,677,055▼ $356,361
Savings and Temporary Cash Investments$432,068$1,498,541▲ $1,066,473
Pledges and Grants Receivable$1,013,379$1,465,354▲ $451,975
Investments in Publicly Traded Securities$1,055,453$504,651▼ $550,802
Accounts Receivable$504,681$483,895▼ $20,786
Cash and Non-Interest-Bearing Accounts$660,992$450,666▼ $210,326
Prepaid Expenses and Deferred Charges$157,587$123,396▼ $34,191
Total Assets$37,715,976$36,557,343▼ $1,158,633
Other Assets Total$1,361,010$1,218,938▼ $142,072
Liabilities
Deferred Revenue$1,182,959$1,766,705▲ $583,746
Other Liabilities$1,360,896$1,232,537▼ $128,359
Mortgage Notes Payable Secured by Investment Property$1,349,880$1,169,516▼ $180,364
Accounts Payable and Accrued Expenses$497,595$511,999▲ $14,404
Total Liabilities$4,391,330$4,680,757▲ $289,427
Net Assets / Fund Balance
Net Assets With Donor Restrictions$29,245,859$28,452,366▼ $793,493
Net Assets Without Donor Restrictions$4,078,787$3,424,220▼ $654,567
Total Net Assets Fund Balance$33,324,646$31,876,586▼ $1,448,060
Total Liabilities and Net Assets / Fund Balance$37,715,976$36,557,343▼ $1,158,633

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,405,798$16,963,821$19,369,619
Equipment$208,912$1,737,389$1,946,301
Other Land Buildings$62,345$1,633,424$1,695,769
Other Securities$565,425--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$27,777,234$50,000▲ $957,907$2,104,020$26,681,121
2022$30,383,627$60,510▼ $652,581$2,014,322$27,777,234
2021$32,711,772$50,000▼ $546,078$1,832,067$30,383,627
2020$22,606,815$105,000▲ $11,917,136$1,917,179$32,711,772
2019$22,373,551$737,121▲ $3,754,198$1,869,031$24,995,839
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah RasmussenArtistic DirectorFT$349,910$58,605$408,515
Paula AbreuDirector of Presented ProgrammingFT$154,428$35,573$190,001
Kelly RymanDirector of Mktg & Audience StrategyFT$135,923$38,303$174,226
Sudha IyerCFOFT$144,869$21,295$166,164
Debbie BisnoDirector of University & Artistic PartnershipsFT$131,440$22,307$153,747
Debbie BisnoDirector of University & Artistic Pa-$131,440$22,307$153,747
Dixie UffelmanDirector of ProductionFT$120,661$27,165$147,826
Charlotte HusseyDirector of ItFT$124,118$19,347$143,465
Martin MillerExecutive Director (began 9/23)FT$112,350$2,749$115,099

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Situation Marketing LLCOnline/google/meta Ads Marketing Consult469 FASHION AVENUE RM 1300, New York, NY 10018$243,224
M2 Dobner Consulting LLCInterim Management Services1530 LA LOMA AVENUE, Berkeley, CA 94708$155,250
Revenue and Support

Revenue Composition

Contributions and Grants
$5,504,438
Program Service Revenue
$6,410,994
Investment Income
$1,976,893
Other Revenue
$15,123
All Other Contributions
$4,295,681
Change in Net Assets
$-660,659

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded3$50,876
Total Noncash Contributions3$50,876

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,786,482
Revenue Not Reported on Financial Statements
$120,966
Revenue Not Reported on Form 990
$-3,238
Total Revenue per Audited Statements
$13,783,244
Total Revenue per Form 990
$13,907,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,131,097
Other Expenses$6,437,010
Total Fundraising Expense$762,480
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,153,334$385,884$352,771$5,891,989
Current Officers, Directors, Trustees, and Key Employees$453,665$317,096$57,912$828,673
Fees for Services Other$540,835$99,260$89,334$729,429
Payroll Taxes$510,788$62,742$37,581$611,111
Advertising$495,469$4,498$24,471$524,438
Occupancy$427,169--$427,169
Other Employee Benefits$339,701$38,070$27,651$405,422
Depreciation Depletion$322,047$40,255$40,256$402,558
Pension Plan Contributions$338,770$31,012$24,120$393,902
Information Technology$166,673$27,858$34,481$229,012
Other Expenses$210,604$33,990$10,222$210,604
Insurance$24,941$108,077$33,255$166,273
Travel$130,650$3,757$1,156$135,563
Fees for Service Investment Mgmnt Fees-$120,966-$120,966
Fees for Services Accounting-$93,140-$93,140
Office Expenses$46,244$16,214$27,943$90,401
Interest$61,861$680-$62,541
All Other Expenses-$50,543-$50,543
Conferences and Meetings$25,444$4,330$1,327$31,101
Fees for Services Legal-$16,204-$16,204
Total Functional Expenses$12,351,051$1,454,576$762,480$14,568,107

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,231,304
Total Expenses per Form 990$14,568,107
Expenses per Audited Statements$14,447,141
Expenses Not Reported on Form 990$784,163
Expenses Not Reported on Financial Statements$120,966
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$73,560
Fundraising Gross Income$73,560
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$350,258$73,560$1,469$72,091
Total Events$350,258$73,560$73,560$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$1,232,537
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
Yes
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, Part VI, Section B, Line 11B

A draft of form 990 is sent to board members for review and comments.

Form 990, Part VI, Section B, Line 12C

The organization requests board members and key employees to sign an annual conflict of interest policy certification. In addition, board members and key employees are requested to complete an annual form 990 disclosure, which requests disclosure of any interest that could give rise to conflicts.

Form 990, Part VI, Section B, Line 15

Compensation of key employees is discussed and approved by the board. The organization has a compensation comimittee and compensation is generally based on independent compensation consultants, industry standard and compensation surveys and studies.

Form 990, Part VI, Section C, Line 19

The organization has made its financial statements available to the public via their own website.

Filing and Contact Details

Filer

Filer Name
Mccarter Theatre Company
EIN
21-0724198
Phone
6092586500
Address
91 UNIVERSITY PLACE, PRINCETON, NJ 08540

Signing Officer

Name
Martin Miller
Title
Executive Director
Phone
6092586500
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Miller
Formed
1960
Legal Domicile
Nj
Voting Board Members
28
Independent Board Members
28
Employees
271
Volunteers
28

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Michael Wallace
Phone
2126972299
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of charitable remainder trusts -746.

FORM 990, PART XII, LINE 2C:

The board has approved the audit committee for the oversight of the audit which includes reviewing the audited financials.

Financial Statement Notes

Part X, Line 2

The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions.

Schedule D, Part XI, Line 2D

Change in value of charitable remainder trusts of -$746 was included in the audited financial statement, but has been excluded from revenue and is shown as an other adjustment to net assets in statement xii.

Raw XML AppendixShowing 400 of 912 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Desc0ARTISTIC AND EDUCATION PROGRAMSMCCARTER WELCOMED OVER 85,000 COMMUNITY MEMBERS DURING THE 2023-24 SEASON FOR 250 PERFORMANCES AND EVENTS INCLUDING THE THEATRE, DANCE AND CLASSICAL SERIES PRODUCTIONS AND ONE-NIGHT ONLY PERFORMANCES AND EVENTS; STUDENT PRODUCTIONS HOSTED IN PARTNERSHIP WITH THE TRIANGLE CLUB AND LEWIS CENTER FOR THE ARTS AT PRINCETON UNIVERSITY; AND EDUCATION CLASSES AND STUDENT MATINEES.THE THEATRE SERIES INCLUDED PULITZER PRIZE FINALIST EISA DAVIS' BULRUSHER, SUSAN HILL'S THE WOMAN IN BLACK ADAPTED BY STEPHEN MALLATRATT, THE 1992 TONY-NOMINATED MUSICAL DREAMGIRLS (CO-PRODUCED WITH GOODSPEED MUSICALS), THE WORLD PREMIERE OF WINNIE HOLZMAN'S CHOICE DIRECTED BY MCCARTER'S ARTISTIC DIRECTOR SARAH RASMUSSEN, AND THE ANNUAL HOLIDAY CLASSIC A CHRISTMAS CAROL. THE DANCE, CLASSICAL, AND SIGNATURE SERIES PRESENTED 44 EVENTS INCLUDING CONCERTS BY GRAMMY WINNERS ESPERANZA SPALDING AND ZAKIR HUSSAIN, ROCK AND ROLL HALL OF FAME INDUCTEE PATTI SMITH; EVENINGS WITH EMMY WINNER JON STEWART AND HUMORIST DAVID SEDARIS; AND DANCE PERFORMANCES FROM STOMP AND THE MARK MORRIS DANCE GROUP.MCCARTER'S YEAR ROUND EDUCATION CLASSES WELCOME THEATER NEWCOMERS AND SEASONED PERFORMERS, OFFERING AN ARRAY OF IN-PERSON CLASSES FOR STUDENTS GRADES K-12 AND FOR ADULTS. EACH CLASS FOSTERS A SUPPORTIVE AND CREATIVE ENVIRONMENT WHERE EVERY STUDENT IS FREE TO EXPLORE, PLAY, AND DEVELOP THEIR UNIQUE ARTISTIC VOICE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE (THRU 12/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE (THRU 3/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE (THRU 2/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt31ARTISTIC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32EXECUTIVE DIRECTOR (BEGAN 9/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt33CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR OF UNIVERSITY & ARTISTIC PARTNERSHIPS
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR OF IT
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR OF PRODUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt37DIRECTOR OF PRESENTED PROGRAMMING
IRS990/Form990PartVIISectionAGrp/TitleTxt38DIRECTOR OF MKTG & AUDIENCE STRATEGY
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