Revels INC FY2021 filing

Tax-deductible

Cambridge, MA501(c)(3)Arts & CultureEIN 04-2557549

A performing arts organization dedicated to presenting theatrical and musical productions and educational programs that brings the world's cultural traditions and celebrations to life.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$113K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$439K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.2M
To programs
60%
Net assets
$1.4M
By yearFY2021–FY2025
Revenue
$1.3M
FY2021
Revenue by fiscal year
FY2021$1.3M
FY2022$1.6M
FY2023$1.4M
FY2024$1.8M
FY2025$1.5M
Expenses
$1.2M
FY2021
Expenses by fiscal year
FY2021$1.2M
FY2022$2.0M
FY2023$1.4M
FY2024$1.5M
FY2025$1.6M
Net assets
$1.4M
FY2021
Net assets by fiscal year
FY2021$1.4M
FY2022$1.0M
FY2023$1.0M
FY2024$1.3M
FY2025$1.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $719K Management & general 27% · $323K Fundraising 13% · $158K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990; $113K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$113,094Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Diane Kennedy’s $139K as Executive Di is at the 61st percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Diane Kennedy$139,237$126,173$120,066$109,128—
Katherine Stookey————$113,094

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Revels INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents theatrical and musical shows, celebrating global cultural traditions and education.

Provided by the organization

This section is blank until Revels INC claims this page.

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1 program service account for $719K of program spending, described in the organization's own filed words · FY2020.
01

Revels connects people of all ages and backgrounds through musical and theatrical celebrations of the world's diverse cultural and seasonal traditions. Through its educational programs and traditional song, dance, and peformance, revels awakens appreciation and respect for what makes us different and recognition of that which unites us.

$719Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$827K
Fees for servicesLn 2g$327K
Investment incomeLn 3$102K
Money outPt IX
$1.2M
Ln 25
Programscol B$719K
Managementcol C$323K
Fundraisingcol D$158K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$436K
Total assetsLn 16$1.8M
LiabilitiesLn 26$439K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$827K
Government grantsLn 1e$20K
Noncash giftsLn 1g$39K
Fees for servicesLn 2g$327K
Investment incomeLn 3$102K
Other incomeLn 4–11$58K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$436K
Cash and savings togetherLn 1–2$436K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$903
Total assetsLn 16$1.8M
LiabilitiesLn 26$439K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 589
VolunteersI 6159
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$386K$436K
InvestmentsLn 11–13$1.0M$1.2M
Land, buildings, equipmentLn 10c$2K$903
Total assetsLn 16$1.6M$1.8M
LiabilitiesLn 26$388K$439K
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$113K$113K
Other salaries and wagesLn 7$564K$363K$100K$101K
Payroll taxesLn 10$127K$87K$28K$12K
Other fees for servicesLn 11g$78K$18K$50K$10K
Advertising and promotionLn 12$76K$76K
Office expensesLn 13$44K$28K$6K$10K
OccupancyLn 16$71K$56K$10K$5K
TravelLn 17$2K$791$605$155
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$28K$28K$406$104
Other expenses (24a–d)Ln 24$55K$30K$6K$18K
All other expensesLn 24e$39K$31K$6K$2K
Total functional expensesLn 25$1.2M$719K$323K$158K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.6M−$24K$1.4M 990 PDF
FY2024 $1.8M$1.5M$234K$1.3M 990 PDF
FY2023 $1.4M$1.4M$10K$1.0M 990 PDF
FY2022 $1.6M$2.0M−$343K$1.0M 990 PDF
FY2021 Viewing $1.3M$1.2M$114K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,315,095 across 7 lines filed
Lines not itemized here account for $58,419 of total revenue; see the IRS return.
VIII-1e Government grants$20,500
VIII-1f All other contributions, gifts and grants$806,483
VIII-1g Noncash contributions (included above)$38,800
VIII-1h Total contributions, gifts and grants$826,983
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $327,380$327,380
VIII-3 Investment incomeRelated to mission $102,313$102,313
VIII-12 Total revenueRelated to mission $488,112 · Unrelated business $0 · Excluded from tax $0$1,315,095
Part IX · Statement of functional expenses $1,201,003 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $113,094$113,094
IX-7 Other salaries and wagesPrograms $363,312 · Management $99,715 · Fundraising $101,425$564,452
IX-10 Payroll taxesPrograms $87,379 · Management $27,740 · Fundraising $11,883$127,002
IX-11g Other fees for servicesPrograms $18,139 · Management $49,931 · Fundraising $9,606$77,676
IX-12 Advertising and promotionPrograms $76,409$76,409
IX-13 Office expensesPrograms $27,816 · Management $6,137 · Fundraising $10,173$44,126
IX-16 OccupancyPrograms $56,092 · Management $10,088 · Fundraising $4,620$70,800
IX-17 TravelPrograms $791 · Management $605 · Fundraising $155$1,551
IX-20 InterestManagement $3,781$3,781
IX-22 Depreciation, depletion and amortizationPrograms $27,656 · Management $406 · Fundraising $104$28,166
IX-24 Other expenses (24a–d)Programs $30,444 · Management $5,864 · Fundraising $18,334$54,642
IX-24e All other expensesPrograms $31,426 · Management $6,089 · Fundraising $1,789$39,304
IX-25 Total functional expensesPrograms $719,464 · Management $323,450 · Fundraising $158,089$1,201,003
Part X · Balance sheet $1,814,534 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $385,952$436,157
X-4 Accounts receivableStart of year $42,954$37,011
X-8 Inventories for sale or useStart of year $93,615$96,252
X-9 Prepaid expenses and deferred chargesStart of year $88,944$90,880
X-10c Land, buildings and equipment, netStart of year $1,944$903
X-12 Other securitiesStart of year $1,035,980$1,153,331
X-16 Total assetsStart of year $1,649,389$1,814,534
X-17 Accounts payable and accrued expensesStart of year $51,205$95,101
X-19 Deferred revenueStart of year $3,404$10,561
X-24 Unsecured notes and loans payableStart of year $332,903$332,903
X-26 Total liabilitiesStart of year $387,512$438,565
X-27 Net assets without donor restrictionsStart of year $1,211,045$1,275,137
X-28 Net assets with donor restrictionsStart of year $50,832$100,832
X-32 Total net assets or fund balancesStart of year $1,261,877$1,375,969
X-33 Total liabilities and net assetsStart of year $1,649,389$1,814,534
Part XI · Reconciliation of net assets $1,375,969 net assets at year end
XI-1 Total revenue$1,315,095
XI-2 Total expenses$1,201,003
XI-3 Revenue less expenses$114,092
XI-4 Net assets at start of year$1,261,877
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,375,969

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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