Civic Intelligence

Central Square Theater Inc.

990 • Fiscal year 2018 • EIN 26-1323224

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

450 Massachusetts AvenueCambridge, MA 02139

(617) 576-9278

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.53x

Higher debt load relative to assets than 82% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

0.70x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

21st percentile

-10%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

40th percentile

$28,437

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

17th percentile

-7.7%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-5.2%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,891,410

Down $156,919 (-7.7%) from 2017

Net Assets

Down

$889,723

Down $136,244 (-13%) from 2017

Liabilities

Down

$1,001,687

Down $20,675 (-2.0%) from 2017

Revenue

Down

$1,423,190

Down $78,408 (-5.2%) from 2017

Expenses

Down

$1,566,434

Down $184,250 (-11%) from 2017

Net Income

Up

-$143,244

Up $105,842 (+42%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,331,758Liabilities 2011: $3,795,722Net Assets 2011: -$463,9642011Assets 2012: $2,960,072Liabilities 2012: $3,951,165Net Assets 2012: -$991,0932012Assets 2013: $2,884,767Liabilities 2013: $4,030,566Net Assets 2013: -$1,145,7992013Assets 2014: $2,581,364Liabilities 2014: $4,055,806Net Assets 2014: -$1,474,4422014Assets 2015: $2,481,306Liabilities 2015: $4,123,416Net Assets 2015: -$1,642,1102015Assets 2016: $2,267,246Liabilities 2016: $992,193Net Assets 2016: $1,275,0532016Assets 2017: $2,048,329Liabilities 2017: $1,022,362Net Assets 2017: $1,025,9672017Assets 2018: $1,891,410Liabilities 2018: $1,001,687Net Assets 2018: $889,7232018Assets 2019: $1,969,167Liabilities 2019: $1,116,930Net Assets 2019: $852,2372019Assets 2020: $1,847,743Liabilities 2020: $1,160,525Net Assets 2020: $687,2182020Assets 2021: $2,355,431Liabilities 2021: $1,081,564Net Assets 2021: $1,273,8672021Assets 2022: $2,102,581Liabilities 2022: $786,193Net Assets 2022: $1,316,3882022Assets 2023: $1,695,918Liabilities 2023: $933,779Net Assets 2023: $762,1392023Assets 2024: $1,425,679Liabilities 2024: $938,168Net Assets 2024: $487,5112024Assets 2025: $1,163,718Liabilities 2025: $664,235Net Assets 2025: $499,4832025

Highlighted filing

2018

Assets$1,891,410
Liabilities$1,001,687
Net Assets$889,723

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,329,3762011Expenses 2012: $1,623,7462012Expenses 2013: $1,957,2422013Revenue 2014: $1,480,837Expenses 2014: $1,809,480Net Income 2014: -$328,6432014Revenue 2015: $1,544,855Expenses 2015: $1,712,523Net Income 2015: -$167,6682015Revenue 2016: $2,336,905Expenses 2016: $1,879,663Net Income 2016: $457,2422016Revenue 2017: $1,501,598Expenses 2017: $1,750,684Net Income 2017: -$249,0862017Revenue 2018: $1,423,190Expenses 2018: $1,566,434Net Income 2018: -$143,2442018Revenue 2019: $1,786,887Expenses 2019: $1,824,373Net Income 2019: -$37,4862019Revenue 2020: $1,550,043Expenses 2020: $1,715,062Net Income 2020: -$165,0192020Revenue 2021: $1,541,772Expenses 2021: $952,982Net Income 2021: $588,7902021Revenue 2022: $1,974,370Expenses 2022: $1,613,248Net Income 2022: $361,1222022Revenue 2023: $1,495,226Expenses 2023: $2,049,816Net Income 2023: -$554,5902023Revenue 2024: $2,056,363Expenses 2024: $2,330,991Net Income 2024: -$274,6282024Revenue 2025: $1,955,679Expenses 2025: $1,943,707Net Income 2025: $11,9722025

Highlighted filing

2018

Revenue$1,423,190
Expenses$1,566,434
Net Income-$143,244
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.3
Gross Receipts
$1,437,522
Mission and Program Overview

Mission

Central square theater, the oldest female-led theater organization in greater boston, is an innovator in the non-profit arts field in collaborative leadership. Cst engages over 35,000 people annually through live performance, rigorous youth education, and community. Cst works closely with mit on catalyst collaborative@mit (cc@mit), one of the only nationwide partnerships between a world class research institute and a professional theater. Cc@mit creates and presents plays that deepen public engagement with science, while providing creative and emotional experiences not available in other forms of dialogue about science.

The purpose of the Central Square Theater ("CST") is to support the Nora Theater Company ("the Nora") and Underground Railway Theater ("URT") by providing space to each of those two theater companies and by conducting programs that are consistent with the charitable and educational purposes of those companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,860,931$1,694,092▼ $166,839
Cash and Non-Interest-Bearing Accounts$58,760$98,303▲ $39,543
Pledges and Grants Receivable$50,000$21,180▼ $28,820
Loans From Officers Directors$20,000$0▼ $20,000
Prepaid Expenses and Deferred Charges$16,008$14,016▼ $1,992
Accounts Receivable$5,711$6,900▲ $1,189
Total Assets$2,048,329$1,891,410▼ $156,919
Other Assets Total$56,919$56,919→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$575,000$525,008▼ $49,992
Other Liabilities$60,029$199,011▲ $138,982
Deferred Revenue$182,265$179,672▼ $2,593
Accounts Payable and Accrued Expenses$185,068$97,996▼ $87,072
Total Liabilities$1,022,362$1,001,687▼ $20,675
Net Assets / Fund Balance
Unrestricted Net Assets$948,967$829,723▼ $119,244
Temporarily Rstr Net Assets$77,000$60,000▼ $17,000
Total Net Assets Fund Balance$1,025,967$889,723▼ $136,244
Total Liabilities and Net Assets / Fund Balance$2,048,329$1,891,410▼ $156,919

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,453,255$1,452,458$2,905,713
Equipment$240,837$280,485$521,322
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lee Mikeska GardnerBoard MemberFT$28,437$28,437
Catherine Carr KellyExecutive directorFT$26,010$26,010
Debra WiseBoard MemberFT$22,533$22,533
Betsy BardBoard Member-$1,600$1,600

Board Members and Trustees

NameTitle
Laura RobertsChair of the Board
Betsy GrobanVice Chair
Carolyn MugarBoard Member
Downing ClessBoard Member
Dr Martin BlattBoard Member
Jane MinasianBoard Member
Jim KaufmanBoard Member
Linda LipkinBoard Member
Melanie WallaceBoard Member
Rakel MeirBoard Member
Sally AdamsBoard Member
Simar SinghBoard Member
Subrata DasBoard Member
Mary DillClerk
Allison ColemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$532,313
Program Service Revenue
$831,189
Investment Income
$28
Other Revenue
$59,660
All Other Contributions
$495,033
Change in Net Assets
$-143,244

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,423,190
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$136,442
Total Revenue per Audited Statements
$1,559,632
Total Revenue per Form 990
$1,423,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,028,138
Salaries, Compensation, and Employee Benefits$538,296
Total Fundraising Expense$118,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$302,458$74,154$53,931$430,543
Occupancy$153,637$17,376$11,889$182,902
Depreciation Depletion$139,713$18,687$13,732$172,132
Advertising$80,712$898$8,071$89,681
Other Employee Benefits$38,158$13,541$9,846$61,545
Payroll Taxes$28,649$10,166$7,393$46,208
Fees for Services Accounting-$33,558-$33,558
Interest-$30,012-$30,012
All Other Expenses$24,174$2,733$1,868$28,775
Travel$24,735$274$2,473$27,482
Office Expenses$10,879$2,340$429$13,648
Insurance$8,018$2,133$616$10,767
Other Expenses$3,619$529$5,446$9,594
Fees for Services Other$2,393$4,212$619$7,224
Total Functional Expenses$1,237,012$210,862$118,560$1,566,434

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,695,876
Expenses per Audited Statements$1,566,434
Total Expenses per Form 990$1,566,434
Expenses Not Reported on Form 990$129,442
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,448
Fundraising Direct Expenses$14,332
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$69,448$69,448$14,332$55,116
Total Events$69,448$69,448$14,332$55,116
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$20,000$0▼ $20,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred rent$199,011
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 4

The Organization changed its bylaws to allow members of the nominating committee to serve for more than one year.

Form 990, Part VI, Section B, line 11B

The Board authorizes the finance committee to review and approve Forms 990 and the Massachusetts AG Form PC prior to their submission. Forms 990 and PC are then authorized and signed by an officer of the organization.

Form 990, Part VI, Section B, line 15

CST's executive compensation program is administered by the board of directors through its executive committee. The executive committee is responsible for establishing and maintaining a competitive compensation program foR the key executives of the organization. The committee meets as needed to review the compensation program and make recommendations for any changes to the board, as appropriate. A performance evaluation is conducted and reviewed in the spring of each year and is intended to ensure that the compensation program falls within a reasonable range of competitive practices for comparable positions among similarly situated organizations. Following this review, the committee reviews and approves, for selected key executives, base salaries and annual incentive opportunity adjustments, and objectives and goals forth-upcoming year's annual incentive plan. The committee reviews and recommends to the board salary approval for the executive director.

Form 990, Part VI, Section C, line 19

The Organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Central Square Theater Inc
EIN
26-1323224
Phone
6175769278
Address
450 Massachusetts Avenue, Cambridge, MA 02139

Signing Officer

Name
Laura Roberts
Title
Board chair
Phone
6175769278
Signed
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine Carr Kelly
Formed
2007
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
9
Employees
49
Volunteers
0

Preparer

Firm
E L Mann Pc
Address
1290 Worcester Road, Framingham, MA 01702-5254
Preparer
Edward Liss Mann
Phone
5088724400
Supplemental Narrative

Additional Explanations

Form 990, part XII, line 2C

The organization did not change its oversight process during the tax year.

Financial Statement Notes

Part X, Line 2:

The Organization has been notified by the Internal Revenue Service that it meets the qualifications to be classified as a tax exempt entity under section 501(c)(3) of the Internal Revenue Code. Since the continuance of this status is based upon continuing qualification, the Organization has identified this as a tax position. However, it has determined that this tax position meets MLTN sustainability and does not result in an uncertainty requiring recognition.

Part XI, Line 2D - Other Adjustments:

Direct expense of fundraising event 3,395.

Part XII, Line 2D - Other Adjustments:

Direct expense of fundraising event 3,395.

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IRS990/Desc0Central Square Theater is a state-of-the-art theatrical arts facility where audiences find, under one roof, the distinctive repertoires of two award-winning, professional companies, Underground Railway Theater and The Nora Theatre Company, as well as collaborative projects drawing on their creative synergy. As a cultural anchor in the community, schools, families, and community groups benefit from outreach and educational programs, and the local economy is boosted by the over 26,000 audience members that visit CST each year and enjoy the multicultural, multi-generational, urban environment of Central Square, Cambridge. As the first permanent home for both theater companies, Central Square Theater is a vibrant hub of theatrical, educational and social activity, where artists and audiences come together to create theater vital to the community. The theater is dedicated to providing affordable ticket prices for underserved communities and offers free or discounted tickets to many local non-profit organizations. The Nora TheatreThe Nora Theatre Company began with a production of Edna O'Brien's play, Virginia, about the celebrated author Virginia Woolf, at the former Lyric Stage space on Charles Street. Committed to producing illuminating contemporary and modern classic theater and to championing the voice of women, the company has, since that time, staged 67 productions. Before moving to Central Square Theater in 2008, The Nora also resided at the Harvard Freshman Union where it established an internship program with Harvard freshmen, and at Boston Playwrights' Theatre where audiences were introduced to many of the 36 plays which were given their Greater Boston, New England, or World premieres by the company. Throughout its history, The Nora has received many awards and citations for the high quality of its work including seven Elliot Norton Awards, five IRNE Awards, and mentions in "Best of" lists from, among others, The Boston Globe, EDGE Boston. In 2008, the company began a collaboration with Girl Talk Theatre, an organization that uses the art of theater to empower poor, homeless, and marginalized women. Underground Railway TheaterUnderground Railway Theater creates live performance in the activist and collaborative spirit of its namesake. Through interdisciplinary inquiry and partnership, URT creates accessible theater of great beauty and social content theater that challenges and delights, informs and celebrates. Through its productions and a constellation of education and outreach programs, URT activates commitments to cultivating local artists of all ages and to creating new work. Founded in Oberlin, Ohio, one of the stops on the Underground Railroad, URT toured nationally for 30 years before becoming a resident company at CST. Through its work with symphony orchestras, URT has represented Massachusetts at over a dozen U.S. theater festivals and also in France, Canada, Spain, Taiwan, Greece, and Hong Kong. Awards for theater and public education include those from Our Place Theater Project, the Environmental Protection Agency, and the Cambridge Peace Commission. The company has been cited for excellence by The Boston Globe and The Los Angeles Times. Catalyst Collaborative@MITCatalyst Collaborative@MIT (CC@MIT) is dedicated to creating and presenting plays that deepen public understanding about science, while providing artistic and emotional experiences not available in other forms of dialogue about science. CC@MIT is committed to furthering approaches for investigating science and technology as part of the fabric of theater and life. Pairing MIT's expertise in science and technology and the two resident companies of Central Square Theater's commitments to artistic excellence, cross-disciplinary collaboration and community involvement, CC@MIT strives to make significant contributions to the growing field of science theater. Connections to primary research concerns at MIT afford CC@MIT the opportunity to authentically convey
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IRS990/Form990PartVIISectionAGrp/PersonNm0Laura Roberts
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IRS990/Form990PartVIISectionAGrp/PersonNm3Mary Dill
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IRS990/Form990PartVIISectionAGrp/PersonNm5Betsy Bard
IRS990/Form990PartVIISectionAGrp/PersonNm6Downing Cless
IRS990/Form990PartVIISectionAGrp/PersonNm7Subrata Das
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IRS990/MissionDesc0CST supports the Nora and (URT) by providing space to each of these theater companies and by conducting programs that are consistent with their charitable and educational purposes. URT creates live performance in the activist and collaborative spirit of its namesake. Through interdisciplinary inquiry and partnership, URT creates accessible theater of great beauty and social content - theater that challenges and delights, informs and celebrates. Through its productions and a constellation of education and outreach programs, URT activates commitments to cultivating local artists of all ages and to creating new work. The Nora presents illuminating contemporary and modern classic theater and champions the voice of women.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.16$0.66$0.50$1.96$1.94$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.43$0.94$0.49$2.06$2.33$0.27
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.93$0.76$1.50$2.05$0.55
2022Detailed filing. Detailed filing data is available for this year.$2.10$0.79$1.32$1.97$1.61$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$1.08$1.27$1.54$0.95$0.59
2020Detailed filing. Detailed filing data is available for this year.$1.85$1.16$0.69$1.55$1.72$0.17
2019Detailed filing. Detailed filing data is available for this year.$1.97$1.12$0.85$1.79$1.82$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.89$1.00$0.89$1.42$1.57$0.14
2017Detailed filing. Detailed filing data is available for this year.$2.05$1.02$1.03$1.50$1.75$0.25
2016Detailed filing. Detailed filing data is available for this year.$2.27$0.99$1.28$2.34$1.88$0.46
2015Detailed filing. Detailed filing data is available for this year.$2.48$4.12$1.64$1.54$1.71$0.17
2014Detailed filing. Detailed filing data is available for this year.$2.58$4.06$1.47$1.48$1.81$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$4.03$1.15$1.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$3.95$0.99$1.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.33$3.80$0.46$1.33