Civic Intelligence

Washington Drama Society Inc

EIN 53-0246894 • 501(c)3 • Washington, DC

Profile

Encouragement of public interest in the arts, particularly in drama; providing instruction and experience in, and the facilities for, experimentation and development of the composition and presentation of drama and performing arts; and improvement of the standards of performance of the foregoing by education, research and experimentation.

1101 6th Street SWWashington, DC 20024

www.arenastage.org

Siviq Scores

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

Liabilities / Assets

20th percentile

0.05x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.09x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

94th percentile

59%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

42nd percentile

$423,225

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

5th percentile

-14%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

115%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$124,782,837

Down $20,808,954 (-14%) from 2023

Liabilities

Down

$5,643,531

Down $53,951,460 (-91%) from 2023

Net Assets

Up

$119,139,306

Up $33,142,506 (+39%) from 2023

Revenue

Up

$63,868,263

Up $34,099,984 (+115%) from 2023

Expenses

Up

$26,422,281

Up $529,958 (+2.0%) from 2023

Net Income

Up

$37,445,982

Up $33,570,026 (+866%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $238,394,833Liabilities 2010: $148,960,178Net Assets 2010: $89,434,6552010Assets 2011: $240,230,387Liabilities 2011: $141,760,348Net Assets 2011: $98,470,0392011Assets 2012: $229,506,221Liabilities 2012: $164,364,690Net Assets 2012: $65,141,5312012Assets 2013: $221,432,368Liabilities 2013: $145,703,202Net Assets 2013: $75,729,1662013Assets 2014: $215,291,215Liabilities 2014: $142,516,026Net Assets 2014: $72,775,1892014Assets 2015: $196,647,605Liabilities 2015: $135,908,884Net Assets 2015: $60,738,7212015Assets 2016: $192,590,235Liabilities 2016: $146,604,296Net Assets 2016: $45,985,9392016Assets 2017: $190,480,122Liabilities 2017: $133,122,665Net Assets 2017: $57,357,4572017Assets 2018: $154,169,764Liabilities 2018: $67,631,104Net Assets 2018: $86,538,6602018Assets 2019: $149,435,233Liabilities 2019: $65,965,123Net Assets 2019: $83,470,1102019Assets 2020: $146,547,458Liabilities 2020: $68,080,843Net Assets 2020: $78,466,6152020Assets 2021: $149,879,794Liabilities 2021: $69,059,474Net Assets 2021: $80,820,3202021Assets 2022: $143,470,678Liabilities 2022: $63,482,805Net Assets 2022: $79,987,8732022Assets 2023: $145,591,791Liabilities 2023: $59,594,991Net Assets 2023: $85,996,8002023Assets 2024: $124,782,837Liabilities 2024: $5,643,531Net Assets 2024: $119,139,3062024

Highlighted filing

2024

Assets$124,782,837
Liabilities$5,643,531
Net Assets$119,139,306

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $14,906,2552010Expenses 2011: $29,563,2552011Expenses 2012: $31,477,6722012Expenses 2013: $31,189,8702013Revenue 2014: $28,144,011Expenses 2014: $28,113,263Net Income 2014: $30,7482014Revenue 2015: $25,752,712Expenses 2015: $28,216,996Net Income 2015: -$2,464,2842015Revenue 2016: $25,733,153Expenses 2016: $28,655,201Net Income 2016: -$2,922,0482016Revenue 2017: $24,718,499Expenses 2017: $29,258,200Net Income 2017: -$4,539,7012017Revenue 2018: $26,108,354Expenses 2018: $30,637,881Net Income 2018: -$4,529,5272018Revenue 2019: $21,491,319Expenses 2019: $27,747,280Net Income 2019: -$6,255,9612019Revenue 2020: $18,030,478Expenses 2020: $25,017,932Net Income 2020: -$6,987,4542020Revenue 2021: $10,908,563Expenses 2021: $13,462,884Net Income 2021: -$2,554,3212021Revenue 2022: $19,294,701Expenses 2022: $22,055,208Net Income 2022: -$2,760,5072022Revenue 2023: $29,768,279Expenses 2023: $25,892,323Net Income 2023: $3,875,9562023Revenue 2024: $63,868,263Expenses 2024: $26,422,281Net Income 2024: $37,445,9822024

Highlighted filing

2024

Revenue$63,868,263
Expenses$26,422,281
Net Income$37,445,982

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$125$5.64$119$63.9$26.4$37.4
2023Detailed filing. Detailed filing data is available for this year.$146$59.6$86.0$29.8$25.9$3.88
2022Detailed filing. Detailed filing data is available for this year.$143$63.5$80.0$19.3$22.1$2.76
2021Detailed filing. Detailed filing data is available for this year.$150$69.1$80.8$10.9$13.5$2.55
2020Detailed filing. Detailed filing data is available for this year.$147$68.1$78.5$18.0$25.0$6.99
2019Detailed filing. Detailed filing data is available for this year.$149$66.0$83.5$21.5$27.7$6.26
2018Detailed filing. Detailed filing data is available for this year.$154$67.6$86.5$26.1$30.6$4.53
2017Detailed filing. Detailed filing data is available for this year.$190$133$57.4$24.7$29.3$4.54
2016Detailed filing. Detailed filing data is available for this year.$193$147$46.0$25.7$28.7$2.92
2015Detailed filing. Detailed filing data is available for this year.$197$136$60.7$25.8$28.2$2.46
2014Detailed filing. Detailed filing data is available for this year.$215$143$72.8$28.1$28.1$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$221$146$75.7$31.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$230$164$65.1$31.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$240$142$98.5$29.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$238$149$89.4$14.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$74,207,601
Mission and Program Overview

Mission

Encouragement of public interest in the arts, particularly in drama; providing instruction and experience in, and the facilities for, experimentation and development of the composition and presentation of drama and performing arts; and improvement of the standards of performance of the foregoing by education, research and experimentation.

Arena stage is a center for the production, presentation, development & study of the american theater.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$106,948,166$104,102,704▼ $2,845,462
Savings and Temporary Cash Investments$0$7,096,138▲ $7,096,138
Investments Other Securities$23,242,045$4,902,682▼ $18,339,363
Pledges and Grants Receivable$5,987,105$4,312,805▼ $1,674,300
Investments in Publicly Traded Securities$0$1,637,795▲ $1,637,795
Prepaid Expenses and Deferred Charges$849,566$748,323▼ $101,243
Cash and Non-Interest-Bearing Accounts$2,591,929$484,532▼ $2,107,397
Accounts Receivable$689,543$481,745▼ $207,798
Inventories for Sale or Use$9,818$14,971▲ $5,153
Total Assets$145,591,791$124,782,837▼ $20,808,954
Other Assets Total$5,273,619$1,001,142▼ $4,272,477
Liabilities
Mortgage Notes Payable Secured by Investment Property$54,598,245--
Deferred Revenue$3,751,776$3,153,907▼ $597,869
Accounts Payable and Accrued Expenses$903,609$1,463,045▲ $559,436
Other Liabilities$341,361$1,026,579▲ $685,218
Total Liabilities$59,594,991$5,643,531▼ $53,951,460
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$60,838,523$93,894,429▲ $33,055,906
Net Assets With Donor Restrictions$25,158,268$25,244,877▲ $86,609
Total Net Assets Fund Balance$85,996,800$119,139,306▲ $33,142,506
Total Liabilities and Net Assets / Fund Balance$145,591,791$124,782,837▼ $20,808,954

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$102,896,108$39,643,240$142,539,348
Equipment$185,225$4,431,329$4,616,554
Leasehold Improvements$779,691$410,314$1,190,005
Land$224,074-$224,074
Other Land Buildings$17,606$43,207$60,813

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$13,829,367-▲ $1,280,208$654,144$14,455,431
2022$13,141,146$-300,000▲ $988,221-$13,829,367
2021$13,607,860-▼ $466,714-$13,141,146
2020$12,073,121$-100,000▲ $1,634,739-$13,607,860
2019$12,056,403$7,719▲ $8,999-$12,073,121
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edgar DobiePresident/exec. ProducerFT$412,046$11,179$423,225
Molly SmithFormer Artistic Director - to 6/2023FT$175,851$136,722$312,573
Shonali BurkeChief Marketing OfficerFT$183,515$10,462$193,977
Ryan MerkelChief Development OfficerFT$162,045$19,302$181,347
Joseph BerardelliTreasurer/CFOFT$167,141$14,202$181,343
Hana SharifArtistic DirectorFT$168,786$2,280$171,066
Maria Lee LewisInterim Director, HrFT$122,577$9,302$131,879
John K MonnettController/interim Director, FinanceFT$121,560$9,292$130,852
Robert HandDirector of ProductionFT$111,414$9,276$120,690
Alison IrvinLeadership Office Manager / SecretaryFT$100,229$372$100,601

Highest Paid Contractors

ContractorServicesLocationCompensation
Aka Nyc LimitedMedia & Marketing321 W44TH ST SUITE 401, New York, NY 10036$635,788
Gigawatt Group LLCMedia & Marketing4100 WISCONSIN AVE NW, Washington, DC 20016$373,563
HarrisHvac Services8586 SOLUTION CENTER, Chicago, IL 60677$368,692
Willis Towers Watson Southeast INCAdvisory26 CENTURY BLVD, Nashville, TN 37214$323,040
Vomela CommercialGraphic Design845 MINNEHAHA AVENUE EAST, Saint Paul, MN 55106$258,247
Revenue and Support

Revenue Composition

Contributions and Grants
$6,736,825
Program Service Revenue
$10,284,618
Investment Income
$6,344,099
Other Revenue
$40,502,721
All Other Contributions
$5,638,993
Change in Net Assets
$37,445,982

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
Securities Publicly Traded47$361,242Mkt Val on Receipt Date
Total Noncash Contributions47$361,242-

Audited Revenue Reconciliation

Revenue per Audited Statements
$64,240,856
Revenue Not Reported on Financial Statements
$-372,593
Revenue Not Reported on Form 990
$-4,037,994
Other Revenue Adjustments
$-449,750
Total Revenue per Audited Statements
$60,202,862
Total Revenue per Form 990
$63,868,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,372,003
Salaries, Compensation, and Employee Benefits$12,050,278
Total Fundraising Expense$1,873,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,829,451$956,434$936,011$8,721,896
Depreciation Depletion$2,896,820$154,086$30,817$3,081,723
Occupancy$1,700,626$89,915$17,640$1,808,181
Fees for Services Other$1,465,125$139,885$101,189$1,706,199
Advertising$1,495,313--$1,495,313
Current Officers, Directors, Trustees, and Key Employees$612,654$510,240$191,419$1,314,313
Other Employee Benefits$677,090$118,662$100,302$896,054
Office Expenses$668,370$124,094$41,500$833,964
Payroll Taxes$588,102$111,258$88,967$788,327
Travel$451,543$22,524$1,005$475,072
Information Technology$325,832$61,737$34,298$421,867
Royalties$398,561--$398,561
Pension Plan Contributions$329,688--$329,688
Other Expenses$16,935$635$242,966$260,536
Insurance$210,558$11,200$2,240$223,998
Fees for Services Accounting$53,916$61,416$55,550$170,882
Fees for Service Investment Mgmnt Fees-$77,157-$77,157
Fees for Services Lobbying$16,599$16,599$17,102$50,300
Fees for Services Legal$17,154$3,613$3,437$24,204
Conferences and Meetings-$10,657-$10,657
Total Functional Expenses$21,963,773$2,584,708$1,873,800$26,422,281

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$27,060,356
Expenses per Audited Statements$26,700,577
Total Expenses per Form 990$26,422,281
Expenses Not Reported on Form 990$359,779
Expenses Not Reported on Financial Statements$-278,296
Other Expense Adjustments$-355,453
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$355,453
Fundraising Gross Income$33,450
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2024 Annual Benefit$497,860$33,450$355,453$-322,003
Total Events$497,860$33,450$355,453$-322,003
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$757,238
Finance Lease Liabilities$219,341
Annuity Payment Liabilities$50,000
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

Form 990 is reviewed by the president/executive director, treasurer/chief financial officer and controller of the oganization and is made available to all members of the board prior to filing with the irs.

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

Each individual completes or updates an annual certification.

Form 990, Part VI, Section B, Line 15

The process for determining compensation of the organizations' officers or key employees includes a review by members of the board, review of compensation at comparable entities and documentation in board minutes.

Form 990, Part VI, Section C, Line 19

The organization's covering documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Washington Drama Society Inc
EIN
53-0246894
Phone
2025549066
Address
1101 6TH STREET SW, WASHINGTON, DC 20024
Doing Business As
Arena Stage

Signing Officer

Name
Judy Leventhal
Title
Treasurer/CFO
Phone
2025549066
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Leventhal
Formed
1959
Legal Domicile
Dc
Voting Board Members
43
Independent Board Members
41
Employees
378
Volunteers
700

Preparer

Firm
Cbiz Advisors LLC
Address
1899 L STREET NW 850, WASHINGTON, DC 20036
Preparer
Aaron M Fox
Phone
2022274000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

FORM 990, PART XI, LINE 9:

Change in value of beneficial interest in crts 341,978.

Financial Statement Notes

PART V, LINE 4:

On october 3, 1982, the board of trustees of the organization authorized a $6,000,000 endowment campaign drive for capital projects and for establishing an endowment. The endowment is used for general endowments, internships and fellowships, community engagement, next stage, and other purposes.

PART X, LINE 2:

The organization has adopted the authoritative guidance relating to accounting for uncertainty in income taxes included in fasb asc topic 740, income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The organization has evaluated its uncertainty in income taxes for the year ended june 30, 2024, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status; and there are currently no examinations pending or in progress. It is the organization's policy to recognize interest and/or penalties related to uncertain tax positions, if any, as income tax expense. At june 30, 2024, the organization has no accruals for interest and/or penalties.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of beneficial interest in crts 341,978.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising event expenses -355,453. Cogs - inventory -94,297.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

COGS - INVENTORY 94,297.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Fundraising event expenses -355,453.

Raw XML AppendixShowing 400 of 1,085 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.

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IRS990/Desc0THE 2023-2024 SEASON WAS ARENA STAGE'S 74TH YEAR IN OPERATION. ARENA STAGE IS THE VOICE OF AMERICAN THEATER RESIDENT IN OUR NATION'S CAPITAL. WE PRODUCE ALL THAT IS PASSIONATE, EXUBERANT, PROFOUND, ENTERTAINING, DEEP AND DANGEROUS IN THE AMERICAN SPIRIT. THIS WAS ARTISTIC DIRECTOR HANA S. SHARIF'S FIRST SEASON WITH ARENA STAGE. ARENA PRODUCED AND PRESENTED SEVEN SHOWS WHILE CONTINUING TO PROVIDE ROBUST COMMUNITY ENGAGEMENT PROGRAMS. THE SEASON INCLUDED: CAMBODIAN ROCK BAND (KREEGER THEATER) BY LAUREN YEE, FEATURING SONGS BY DENGUE FEVER, DIRECTED BY CHAY YEW, A SIGNATURE THEATRE PRODUCTION, IN ASSOCIATION WITH ALLEY THEATRE, BERKELEY REPERTORY THEATRE, AND ACT THEATRE/5TH AVENUE; POTUS: OR, BEHIND EVERY GREAT DUMBASS ARE SEVEN WOMEN TRYING TO KEEP HIM ALIVE (FICHANDLER STAGE), BY SELINA FILLINGER, DIRECTED BY MARGOT BORDELON; SWEPT AWAY (KREEGER THEATER), BOOK BY JOHN LOGAN, MUSIC AND LYRICS BY THE AVETT BROTHERS, DIRECTED BY MICHAEL MAYER; STEP AFRIKA! MAGICAL MUSICAL HOLIDAY STEP SHOW (FICHANDLER STAGE); TEMPESTUOUS ELEMENTS (FICHANDLER STAGE, WORLD PREMIERE) BY KIA CORTHRON, DIRECTED BY PSALMAYENE 24; UNKNOWN SOLDIER (KREEGER THEATER) BOOK BY DANIEL GOLDSTEIN, MUSIC BY MICHAEL FRIEDMAN, LYRICS BY MICHAEL FRIEDMAN AND DANIEL GOLDSTEIN, DIRECTED BY TRIP CULLMAN; THE MIGRATION: REFLECTIONS ON JACOB LAWRENCE (KREEGER THEATER) BY STEP AFRIKA!WE CONTINUED SUPPORTING OUR NEXT GENERATION OF ARTISTS AND CREATORS WITH CAMP ARENA STAGE AND THE ALLEN LEE HUGHES FELLOWSHIP PROGRAM. CAMP ARENA STAGE HAD 262 CAMPERS, AND 8 SEASON-LONG FELLOWSHIPS WERE COMPLETED.THE DC TICKET PARTNERSHIP OFFERS DEEPLY DISCOUNTED TICKETS TO DC PUBLIC SCHOOL STUDENTS. THIS SEASON WE PARTNERED WITH 29 TEACHERS AT 24 SCHOOLS REPRESENTING ALL DC WARDS. ARENA STAGE TEACHING ARTISTS LEAD PRE- AND POST-SHOW WORKSHOPS AND EXTENSIVE STUDY GUIDES ARE PREPARED FOR THE STUDENTS.ARENA CONTINUED VOICES OF NOW (VON), AN INTERNATIONALLY RECOGNIZED, DEVISED THEATER PROGRAM WHERE ENSEMBLES OF MIDDLE-SCHOOL, HIGH-SCHOOL, AND ADULT ARTISTS WORK TOGETHER TO CREATE AUTOBIOGRAPHICAL PLAYS. THIS SEASON THERE WERE NINE VOICES OF NOW ENSEMBLES WORKING IN THE PROGRAM: FIVE SCHOOLS IN DC AND FAIRFAX COUNTY, AND FOUR COMMUNITY-BASED ENSEMBLES INCLUDING A DECADES-LONG PARTNERSHIP WITH THE WENDT CENTER FOR LOSS AND HEALING.
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