WALNUT STREET THEATRE CORPORATION Charity Report

Public IRS 990 nonprofit record

WALNUT STREET THEATRE CORPORATION

EIN 23-1715152 · Arts, Culture & Humanities (A650)

What they do

THE MISSION of WALNUT STREET THEATRE COMPANY is to SUSTAIN THE TRADITION of PROFESSIONAL THEATRE and CONTRIBUTE to ITS FUTURE VIABILITY and VITALITY.IT DOES SO THROUGH:- THE PRODUCTION and PRESENTATION of PROFESSIONAL THEATRE;- THE ENCOURAGEMENT, TRAINING and DEVELOPMENT of ARTISTS;- THE CULTIVATION of DIVERSE AUDIENCES and THE PRESERVATION and CHRONICLING of ITS THEATRE BUILDING, A NATIONAL HISTORIC LANDMARK

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $75.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

65.23%of revenue went to mission work75.9% of expenses · Program services

3.74%of revenue went to fundraising4.4% of expenses

$85.89spent for every $100 of revenueRevenue covered expenses this year.

16.91%of revenue went to management and office costs19.7% of expenses

$2.05in assets for every $1 spent this yearSome assets cannot be spent right away.

30.0%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $841,556 for BERNARD HAVARD (PRESIDENT & PRODUCING ARTISTIC DIR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$18,636,319

Mission workProgram services$12,156,49665.23% of revenue75.9% of expenses

ManagementOffice and general costs$3,152,04516.91% of revenue19.7% of expenses

FundraisingAsking for donations$697,5283.74% of revenue4.4% of expenses

Revenue left after expensesReported annual surplus$2,630,25014.11% of revenueShown in gray on the chart

Total expenses$16,006,06985.89% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 75.9% mission · 19.7% management · 4.4% fundraisingTotal expenses: 85.89% of revenue

2023Expense mix: 72.9% mission · 23.5% management · 3.6% fundraisingTotal expenses: 110.92% of revenue

2022Expense mix: 74.5% mission · 19.7% management · 5.8% fundraisingTotal expenses: 136.58% of revenue

2021Expense mix: 69.0% mission · 26.5% management · 4.5% fundraisingTotal expenses: 82.77% of revenue

2020Expense mix: 47.7% mission · 42.5% management · 9.8% fundraisingTotal expenses: 63.52% of revenue

2019Expense mix: 76.4% mission · 18.2% management · 5.4% fundraisingTotal expenses: 97.00% of revenue

2018Expense mix: 78.2% mission · 17.2% management · 4.6% fundraisingTotal expenses: 64.39% of revenue

2017Expense mix: 75.9% mission · 19.3% management · 4.8% fundraisingTotal expenses: 97.39% of revenue

Money in and money out

Revenue$18,636,319

Expenses$16,006,069

Annual surplus $2,630,250 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$12,156,496 · 75.9% of expenses

Management and office costs$3,152,045 · 19.7% of expenses

Fundraising$697,528 · 4.4% of expenses

See all reported dollar amounts

Revenue$18,636,319

Expenses$16,006,069

Assets$32,816,546

Income$40,737,309

Contributions$5,590,831

Mission work (program services)$12,156,496

Fundraising$697,528

Management and general$3,152,045

Stocks and bonds$8,153,448

Accounting fees$96,349

Investing fees$9,413

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BERNARD HAVARDPRESIDENT & PRODUCING ARTISTIC DIR · 60 hrs/week $841,556Base $838,171 · Other $3,385

MARK SYLVESTERMANAGING DIRECTOR · 60 hrs/week $544,426Base $526,128 · Other $18,298

STEPHEN RAPPDIRECTOR OF MARKETING & PR · 60 hrs/week $338,435Base $326,116 · Other $12,319

SIOBHAN RUANEDIRECTOR OF PRODUCTION · 60 hrs/week $201,520Base $191,000 · Other $10,520

TJ SOKSODIRECTOR OF EDUCATION · 60 hrs/week $183,247Base $154,000 · Other $29,247

MICHAEL ARMENTOCONTROLLER · 60 hrs/week $182,454Base $145,500 · Other $36,954

JEFFREY COONDIRECTOR OF DEVELOPMENT · 60 hrs/week $169,589Base $157,000 · Other $12,589

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

BERNARD HAVARDPRESIDENT & PRODUCING ARTISTIC DIR

MARK SYLVESTERMANAGING DIRECTOR

STEPHEN RAPPDIRECTOR OF MARKETING & PR

SIOBHAN RUANEDIRECTOR OF PRODUCTION

TJ SOKSODIRECTOR OF EDUCATION

MICHAEL ARMENTOCONTROLLER

JEFFREY COONDIRECTOR OF DEVELOPMENT

JOSEPH VILLANIBOARD MEMBER

TANYA RULEY-MAYOBOARD MEMBER

SCOTT RANKINIMMEDIATE PAST CHAIR

ROBERT L B HARMANTREASURER/CHAIR FINANCE COMMITTEE

RICHARD A MITCHELLCHAIR INVESTMENT COMMITTEE

PATRICK MULLENVICE CHAIR & SECRETARY

MELITA J JORDANBOARD MEMBER

MATTHEW GARFIELDCHAIRMAN EMERITUS

LOUIS W FRYMANCHAIRMAN EMERITUS

JOHN D GRAHAMCHAIRMAN EMERITUS

JOHN FIDLERBOARD MEMBER (THRU APR 2025)

JENNIFER MERVES ROBBINSBOARD MEMBER

JEFFREY FERROCHAIR AUDIT COMMITTEE

JAMES D SCULLY JRBOARD MEMBER

JACK R GARFINKLEBOARD MEMBER

GENE SCHRIVERBOARD MEMBER

FRANCIS MIRABELLOBOARD CHAIR

ELLEN TOBIEBOARD MEMBER

DAVID WYHERBOARD MEMBER

DANIEL J SCHULLERBOARD MEMBER

About this charity

Recognized since: January 1969
Location: 825 WALNUT ST, PHILADELPHIA, PA 19107-5107
County: Philadelphia
In care of: BERNARD HAVARD
Primary officer: BERNARD HAVARD, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(215) 574-3550

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WIPFLI ADVISORY LLC
NTEE classification: Arts, Culture & Humanities (A650)