Penguin Players Ltd FY2021 filing

Tax-deductible

Thiells, NY501(c)(3)EIN 13-3014697Revenue $495K in FY2021

On file with the IRSpenguinrep.org3 Margaret Ln, 10984-1318 · Thiells, NYTax-exempt since Mar 1980Publicly supported — 509(a)(2)

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The organization provides theatrical performances and cultural activities for the public.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$44K 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $44K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
21 mo
of spending, in cash
Looks good: 21.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $140K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$23K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$495K
+159% vs prior year
Spent
$228K
To programs
93%
Net assets
$475K
By yearFY2020–FY2024
Revenue
$495K
FY2021▲ +159%
Tap a bar for its year
Revenue by fiscal year
FY2020$191K
FY2021$495K
FY2022$667K
FY2023$739K
FY2024$824K
Expenses
$228K
FY2021▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$228K
FY2022$817K
FY2023$672K
FY2024$803K
Net assets
$475K
FY2021▲ +128%
Tap a bar for its year
Net assets by fiscal year
FY2020$208K
FY2021$475K
FY2022$325K
FY2023$392K
FY2024$413K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1980.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $211K Management & general 7% · $16K Fundraising 0% · $1K

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

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Who runs it and what they're paid

16 people listed on the 990; $44K paid to officers and key staff.

Part VII, Section A · reportable compensation
Artistic Director
$43,740Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph Brancato$44,000$44,000$79,797$43,740$2,000

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.

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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 15aNo

Programs and updates

Presents theatrical performances and cultural activities for the public.

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Provided by the organization

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1 program · $211K · in their own filed words · FY2021
01

Presented productions and several theatrical events and childrens programs to the general public.

$211Kprogram expense

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 · FY2024
See all 4 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$495K
Ln 12
Gifts and grantsLn 1h$470K
Fees for servicesLn 2g$24K
Investment incomeLn 3$1K
Money outPt IX
$228K
Ln 25
Programscol B$211K
Managementcol C$16K
Fundraisingcol D$1K
Owns and owesPt X
$475K
net assets · Ln 32
Cash and savingsLn 1–2$399K
Total assetsLn 16$499K
LiabilitiesLn 26$23K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$470K
Government grantsLn 1e$221K
Fees for servicesLn 2g$24K
Investment incomeLn 3$1K
Total revenueLn 12$495K
Assets in detailPt X, end of year
CashLn 1$399K
Cash and savings togetherLn 1–2$399K
InvestmentsLn 11–13$8K
Land, buildings, equipmentLn 10c$74K
Other assetsLn 15$17K
Total assetsLn 16$499K
LiabilitiesLn 26$23K
Net assetsLn 32$475K
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$137K$399K
InvestmentsLn 11–13$5K$8K
Land, buildings, equipmentLn 10c$61K$74K
Total assetsLn 16$221K$499K
LiabilitiesLn 26$13K$23K
Net assetsLn 32$208K$475K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$44K$43K$325
Other salaries and wagesLn 7$21K$19K$2K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$9K$9K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$16K$10K$6K
OccupancyLn 16$24K$22K$2K
Depreciation, depletion and amortizationLn 22$9K$9K$134
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$96K$90K$5K$1K
Total functional expensesLn 25$228K$211K$16K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $824K$803K$20K$413K 990 PDF
FY2023 $739K$672K$67K$392K 990 PDF
FY2022 $667K$817K−$150K$325K 990 PDF
FY2021 Viewing $495K$228K$267K$475K 990 PDF
FY2020 $191K$177K$15K$208K 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 (6 parts)
Part I · Summary $495,250 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $124,567$470,357
I-9 Program service revenuePrior year $65,915$23,805
I-10 Investment incomePrior year $945$1,088
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $191,427$495,250
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $71,849$77,197
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $104,921$150,911
I-18 Total expensesPrior year $176,770$228,108
I-19 Revenue less expensesPrior year $14,657$267,142
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $495,250 across 6 lines filed
VIII-1e Government grants$220,850
VIII-1f All other contributions, gifts and grants$249,507
VIII-1h Total contributions, gifts and grants$470,357
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,805$23,805
VIII-3 Investment incomeExcluded from tax $1,088$1,088
VIII-12 Total revenueRelated to mission $23,805 · Unrelated business $0 · Excluded from tax $1,088$495,250
Part IX · Statement of functional expenses $228,108 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,415 · Management $325$43,740
IX-7 Other salaries and wagesPrograms $18,756 · Management $2,275$21,031
IX-9 Other employee benefitsPrograms $3,768$3,768
IX-10 Payroll taxesPrograms $8,658$8,658
IX-12 Advertising and promotionPrograms $1,289$1,289
IX-13 Office expensesPrograms $9,746 · Management $6,051$15,797
IX-16 OccupancyPrograms $21,728 · Management $2,138$23,866
IX-22 Depreciation, depletion and amortizationPrograms $8,888 · Management $134$9,022
IX-23 InsurancePrograms $4,672$4,672
IX-24 Other expenses (24a–d)Programs $90,265 · Management $5,000 · Fundraising $1,000$96,265
IX-25 Total functional expensesPrograms $211,185 · Management $15,923 · Fundraising $1,000$228,108
Part X · Balance sheet $498,673 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $137,011$399,042
X-10c Land, buildings and equipment, netStart of year $61,494$74,422
X-11 Publicly traded securitiesStart of year $5,131$8,062
X-15 Other assetsStart of year $17,147$17,147
X-16 Total assetsStart of year $220,783$498,673
X-25 Other liabilitiesStart of year $12,621$23,367
X-26 Total liabilitiesStart of year $12,621$23,367
X-27 Net assets without donor restrictionsStart of year $208,162$475,306
X-32 Total net assets or fund balancesStart of year $208,162$475,306
X-33 Total liabilities and net assetsStart of year $220,783$498,673
Part XI · Reconciliation of net assets $475,306 net assets at year end
XI-1 Total revenue$495,250
XI-2 Total expenses$228,108
XI-3 Revenue less expenses$267,142
XI-4 Net assets at start of year$208,162
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$475,306

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

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