Paper Mill Playhouse

Tax-deductible

Millburn, NJ501(c)(3)Since 1938Arts & CultureEIN 22-1550515Revenue $31.4M in FY2025

On file with the IRSpapermill.org22 Brookside Dr, 07041-1605 · Millburn, NJTax-exempt since Mar 1936Publicly supported — 509(a)(2)

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Paper Mill Playhouse brings its audiences the best in musical theatre, from celebrated revivals to groundbreaking new works. See attachment 1.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 137 volunteers and 732 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $4.6M a year · 17% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 5% of spending
Top officer’s pay higher than 60% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
51
named funders · $1.7M
Looks good: 51 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$22.0M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31.4M
+10% vs prior year
Spent
$28.2M
To programs
81%
Net assets
$38.4M
By yearFY2020–FY2025
Revenue
$31.4M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.2M
FY2021$8.8M
FY2022$43.7M
FY2023$32.5M
FY2024$28.6M
FY2025$31.4M
Expenses
$28.2M
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$17.5M
FY2021$6.8M
FY2022$19.5M
FY2023$31.7M
FY2024$29.9M
FY2025$28.2M
Net assets
$38.4M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.2M
FY2021$11.4M
FY2022$33.3M
FY2023$35.6M
FY2024$35.2M
FY2025$38.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1936.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $22.9M Management & general 10% · $3.0M Fundraising 8% · $2.3M

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

39 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Artistic Director
$374,619Pt VII · Sec A
Executive Director
$360,537Pt VII · Sec A
Director of Production
$160,562Pt VII · Sec A
Head Electrician
$140,324Pt VII · Sec A
Director of Finance
$139,191Pt VII · Sec A
Director of Marketing
$138,711Pt VII · Sec A
Master Carpenter
$138,365Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Mark S Hoebee’s $375K as Artistic Director is at the 60th percentile of top reported officer pay among 749 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mark S Hoebee$374,619$450,723$388,954$350,497$316,196$311,040
Michael Stotts$360,537$383,685$388,865$326,434$263,700$252,691
Laura Green$160,562$149,565$141,420$143,072$115,368$135,216
Beatrice H Daggett——$153,224$143,557$115,728—
Hawley B Abelow——$145,688$150,185$120,684$134,400
Thomas Brennan$138,365$149,537$123,765——$135,520
David Topchik———$143,923$117,973$131,345
Joshua Cohen$139,191$140,723————

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 15aYes

Programs and updates

Presents top-tier musical theatre, from classics to new productions.

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Provided by the organization

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2 programs · $22.9M · in their own filed words · FY2024
01

Paper Mill Playhouse has been a cherished New Jersey arts institution for 86 years, with a national reputation that continues to grow. As a producing theater, Paper Mill's collaboration with other regional theaters and leading independent producers brings audiences the best in musical theater, from celebrated revivals to groundbreaking…

$21.1Mprogram expense
02

Paper Mill's Education, Outreach and Access programs engage young people in the joy of live theater through the Adopt-A-School Project, Paper Mill Theater School, Rising Star Awards, Summer Musical Theater Conservatory and its New Voices concerts, and Theater for Young Audiences.

$1.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 51 funders →
Grants paid · 6 grants · $60K · 2019–2024
Unitemized GrantFY2024$9,500
Unitemized GrantFY2023$12,000
Unitemized GrantFY2022$13,000
Unitemized GrantFY2021$10,000
Unitemized GrantFY2020$9,000
Unitemized GrantFY2019$6,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$31.4M
Ln 12
Fees for servicesLn 2g$20.2M
Gifts and grantsLn 1h$9.0M
Investment incomeLn 3$1.8M
Money outPt IX
$28.2M
Ln 25
Programscol B$22.9M
Managementcol C$3.0M
Fundraisingcol D$2.3M
Owns and owesPt X
$38.4M
net assets · Ln 32
Cash and savingsLn 1–2$16.3M
Total assetsLn 16$60.4M
LiabilitiesLn 26$22.0M
PeoplePt VI, VII
39
listed · VII A
PaidVII A7
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.0M
Government grantsLn 1e$2.7M
Noncash giftsLn 1g$380K
Fundraising eventsLn 1c$1.2M
Fees for servicesLn 2g$20.2M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$287K
Gains on assetsLn 7$683K
Total revenueLn 12$31.4M
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$16.3M
Cash and savings togetherLn 1–2$16.3M
InvestmentsLn 11–13$22.2M
Land, buildings, equipmentLn 10c$7.2M
Other assetsLn 15$9.8M
Total assetsLn 16$60.4M
LiabilitiesLn 26$22.0M
Net assetsLn 32$38.4M
OperationsPt I, VI
EmployeesI 5732
VolunteersI 6137
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$16.1M$16.3M
InvestmentsLn 11–13$17.9M$22.2M
Land, buildings, equipmentLn 10c$7.5M$7.2M
Total assetsLn 16$54.1M$60.4M
LiabilitiesLn 26$19.0M$22.0M
Net assetsLn 32$35.2M$38.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$10K$10K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$779K$622K$137K$20K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$11.3M$9.4M$1.0M$929K
Pension plan contributionsLn 8$1.6M$1.6M
Other employee benefitsLn 9$948K$693K$122K$133K
Payroll taxesLn 10$1.5M$1.2M$96K$149K
Management feesLn 11a$0
Legal feesLn 11b$89K$11K$21K$57K
Accounting feesLn 11c$78K$78K
Lobbying feesLn 11d$82K$82K
Professional fundraising feesLn 11e$200K$200K
Investment management feesLn 11f$68K$68K
Other fees for servicesLn 11g$1.4M$1.2M$70K$154K
Advertising and promotionLn 12$1.4M$1.4M$72K
Office expensesLn 13$1.6M$986K$260K$357K
Information technologyLn 14$303K$4K$283K$16K
RoyaltiesLn 15$1.3M$1.3M
OccupancyLn 16$815K$286K$529K
TravelLn 17$364K$357K$3K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$518K$415K$73K$31K
InsuranceLn 23$742K$593K$104K$45K
Other expenses (24a–d)Ln 24$3.1M$3.0M$96K$14K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$28.2M$22.9M$3.0M$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $31.4M$28.2M$3.2M$38.4M 990 PDF
FY2024 $28.6M$29.9M−$1.3M$35.2M 990 PDF
FY2023 $32.5M$31.7M$812K$35.6M 990 PDF
FY2022 $43.7M$19.5M$24.1M$33.3M 990 PDF
FY2021 $8.8M$6.8M$2.0M$11.4M 990 PDF
FY2020 $16.2M$17.5M−$1.3M$9.2M 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 FY2025 990 (6 parts)
Part I · Summary $31,356,415 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,163,432$8,998,240
I-9 Program service revenuePrior year $22,010,146$20,225,210
I-10 Investment incomePrior year $1,233,596$1,845,798
I-11 Other revenuePrior year $147,631$287,167
I-12 Total revenuePrior year $28,554,805$31,356,415
I-13 Grants and similar amounts paidPrior year $12,000$9,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $16,735,028$16,084,408
I-16a Professional fundraising feesPrior year $107,603$200,000
I-17 Other expensesPrior year $13,032,800$11,879,161
I-18 Total expensesPrior year $29,887,431$28,173,069
I-19 Revenue less expensesPrior year −$1,332,626$3,183,346
Part VI · Governance 32 of 32 board members independent, no flags
VI-1a Voting members of the governing body32
VI-1b Independent voting members32
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $31,356,415 across 12 lines filed
Lines not itemized here account for $215,088 of total revenue; see the IRS return.
VIII-1c Fundraising events$1,201,397
VIII-1e Government grants$2,651,490
VIII-1f All other contributions, gifts and grants$5,145,353
VIII-1g Noncash contributions (included above)$380,148
VIII-1h Total contributions, gifts and grants$8,998,240
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,010,122$20,010,122
VIII-3 Investment incomeExcluded from tax $1,162,542$1,162,542
VIII-5 RoyaltiesRelated to mission $226,771$226,771
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $683,256$683,256
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,118 · Unrelated business $40,278$60,396
VIII-12 Total revenueRelated to mission $20,472,099 · Unrelated business $40,278 · Excluded from tax $1,845,798$31,356,415
Part IX · Statement of functional expenses $28,173,069 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $9,500$9,500
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $622,469 · Management $136,565 · Fundraising $19,510$778,544
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $9,364,417 · Management $1,017,980 · Fundraising $928,917$11,311,314
IX-8 Pension plan contributionsPrograms $1,568,318$1,568,318
IX-9 Other employee benefitsPrograms $692,506 · Management $122,321 · Fundraising $133,031$947,858
IX-10 Payroll taxesPrograms $1,232,853 · Management $96,436 · Fundraising $149,085$1,478,374
IX-11a Management fees$0
IX-11b Legal feesPrograms $10,745 · Management $20,835 · Fundraising $57,486$89,066
IX-11c Accounting feesManagement $77,562$77,562
IX-11d Lobbying feesFundraising $82,500$82,500
IX-11e Professional fundraising feesFundraising $200,000$200,000
IX-11f Investment management feesManagement $67,886$67,886
IX-11g Other fees for servicesPrograms $1,173,136 · Management $70,463 · Fundraising $154,222$1,397,821
IX-12 Advertising and promotionPrograms $1,357,879 · Fundraising $71,720$1,429,599
IX-13 Office expensesPrograms $986,254 · Management $260,420 · Fundraising $357,096$1,603,770
IX-14 Information technologyPrograms $4,297 · Management $282,753 · Fundraising $15,756$302,806
IX-15 RoyaltiesPrograms $1,266,919$1,266,919
IX-16 OccupancyPrograms $286,428 · Management $528,546$814,974
IX-17 TravelPrograms $356,716 · Management $2,884 · Fundraising $4,235$363,835
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $414,659 · Management $72,565 · Fundraising $31,099$518,323
IX-23 InsurancePrograms $593,348 · Management $103,836 · Fundraising $44,501$741,685
IX-24 Other expenses (24a–d)Programs $3,007,829 · Management $96,336 · Fundraising $13,517$3,117,682
IX-24e All other expensesFundraising $4,733$4,733
IX-25 Total functional expensesPrograms $22,948,273 · Management $2,957,388 · Fundraising $2,267,408$28,173,069
Part X · Balance sheet $60,409,575 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $13,448$5,996
X-2 Savings and temporary cash investmentsStart of year $16,040,448$16,273,897
X-3 Pledges and grants receivableStart of year $3,303,679$4,064,568
X-4 Accounts receivableStart of year $192,777$96,695
X-8 Inventories for sale or useStart of year $156,567$159,199
X-9 Prepaid expenses and deferred chargesStart of year $679,447$553,667
X-10c Land, buildings and equipment, netStart of year $7,510,548$7,243,134
X-11 Publicly traded securitiesStart of year $17,886,993$22,184,707
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $8,364,652$9,827,712
X-16 Total assetsStart of year $54,148,559$60,409,575
X-17 Accounts payable and accrued expensesStart of year $4,212,985$4,477,862
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $6,067,242$7,239,445
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $8,699,264$10,320,672
X-26 Total liabilitiesStart of year $18,979,491$22,037,979
X-27 Net assets without donor restrictionsStart of year $17,110,617$15,978,424
X-28 Net assets with donor restrictionsStart of year $18,058,451$22,393,172
X-32 Total net assets or fund balancesStart of year $35,169,068$38,371,596
X-33 Total liabilities and net assetsStart of year $54,148,559$60,409,575
Part XI · Reconciliation of net assets $38,371,596 net assets at year end
XI-1 Total revenue$31,356,415
XI-2 Total expenses$28,173,069
XI-3 Revenue less expenses$3,183,346
XI-4 Net assets at start of year$35,169,068
XI-5 Net unrealized gains (losses) on investments$19,182
XI-10 Net assets at end of year$38,371,596

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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