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Arts, Culture, Humanities : Performing Arts

Playhouse Square Foundation

Presenting and producing a wide variety of quality performing arts

three stars

86.21

1501 Euclid Avenue Suite 200
Cleveland, OH 44115
tel: (216) 771-4444   Web Site
EIN: 23-7304942

Board Leadership
Adam Fishman & Kim Merick
Co-Chairs

CEO
Art J. Falco
CEO

  Score
(out of 100)
Rating
Overall Score & Rating 86.21 three stars
  Financial 92.50 four stars
  Accountability & Transparency 82.00 three stars
This rating was published 03/01/2021 and includes data from FY2019, the most recent 990 received at that time.

Playhouse Square Foundation is a performing arts center whose mission is presenting and producing a wide variety of performing arts, advancing arts education and creating a destination that is a superior location for entertainment business and housing, thereby strengthening the economic vitality of the region. The Foundation is committed in its actions to enhance and develop Playhouse Square by restoring, renovating and operating theaters and other related properties in the area, and by providing arts educational activities that develop new audiences and enhance connections of existing audiences within the Northeast Ohio region. The Center's Arts Education Department hosts nearly 300 events annually that draw more than 100,000 people.

Playhouse Square Foundation is a performing arts center whose mission is presenting and producing a wide variety of performing arts, advancing arts education and creating a destination that is a superior location for entertainment business and housing, thereby strengthening the economic vitality of the region. The Foundation is committed in its actions to enhance and develop Playhouse Square by restoring, renovating and operating theaters and other related properties in the area, and by providing arts educational activities that develop new audiences and enhance connections of existing audiences within the Northeast Ohio region. The Center's Arts Education Department hosts nearly 300 events annually that draw more than 100,000 people.

Financial

four stars

92.50

Accountability & Transparency

three stars

82.00

This rating was published 03/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
89.7%
  Administrative Expenses 7.5%
  Fundraising Expenses 2.6%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 2.48
  Program Expenses Growth 17.2%
  Liabilities to Assets 42.3%
All data for Financial Performance Metrics calculations was provided by Playhouse Square Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Playhouse Square Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Playhouse Square Foundation (OH) 86.21 three stars
La Jolla Music Society (CA) 91.38 four stars
Hawaii Theatre Center (HI) 86.08 three stars
The John F. Kennedy Center for the Performing Arts (DC) 88.74 three stars
Children's Theatre Company (MN) 86.12 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $13,909,749
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,139,242
   Related Organizations $0
   Government Grants $1,690,586
Total Contributions $16,739,577
   Program Service Revenue $75,154,104
Total Primary Revenue $91,893,681
   Other Revenue $3,527,590
TOTAL REVENUE $95,421,271
   
EXPENSES  
   Program Expenses $74,088,405
   Administrative Expenses $5,814,115
   Fundraising Expenses $2,008,648
TOTAL FUNCTIONAL EXPENSES $81,911,168
   
Payments to Affiliates $0
Excess (or Deficit) for the year $13,510,103
   
Net Assets $180,687,048

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Entertainment Expenses $49,854,307 67.3%
Theater Occupancy $11,622,581 15.7%
Area Development $7,068,924 9.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 03/01/2021 86.21 three stars
2018-06 12/01/2019 89.48 three stars
2017-06 02/01/2019 89.94 three stars
2016-06 02/01/2018 89.94 three stars
2015-06 12/01/2016 89.94 three stars
2014-06 06/01/2016 89.94 three stars
 
CN 2.0
2014-06 12/01/2015 90.07 four stars
2013-06 02/01/2015 83.04 three stars
2012-06 12/01/2013 90.87 four stars
2011-06 10/01/2012 93.66 four stars
2010-06 12/01/2011 94.99 four stars
2009-06 09/20/2011 92.88 four stars
 
CN 1.0
2009-06 11/01/2010 98.90 four stars
2008-06 02/01/2010 83.04 three stars
2007-06 05/01/2009 73.42 two stars
2006-06 05/01/2008 73.68 two stars
2005-06 11/01/2006 76.69 two stars
2004-06 10/01/2005 89.62 three stars
2003-06 01/05/2005 90.94 four stars
2002-06 12/01/2003 93.90 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7304942
Name in IRS Master File PLAYHOUSE SQUARE FOUNDATION
NTEE Code A61
NTEE Classification Performing Arts Centers
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (88) Community theatrical group
(90) Cultural performances
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1973
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$531,272 0.64% Art J. Falco CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Playhouse Square Foundation (OH) 86.21 three stars
The Raymond F. Kravis Center for the Performing Arts (FL) 95.34 four stars
New Jersey Performing Arts Center (NJ) 96.57 four stars
CAPA New Haven (CT) 88.87 three stars
The Schubert Club (MN) 89.33 three stars

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Charity Contact Info

Playhouse Square Foundation
1501 Euclid Avenue
Suite 200
Cleveland, OH 44115
tel: (216) 771-4444
fax: (216) 771-0217
EIN: 23-7304942

Visit Web Site

Board Leadership

Adam Fishman & Kim Merick
Co-Chairs

CEO

Art J. Falco
CEO

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