Nonprofit · EIN 23-1715152
WALNUT STREET THEATRE CORP
Tax-exempt · PHILADELPHIA, PA 19107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $18,636,319 | $16,006,069 | $2,630,250 | $32,816,546 | $5,765,504 | $27,051,042 |
| June 30, 2024 | 990 | $13,588,373 | $15,072,712 | -$1,484,339 | $30,703,761 | $6,312,328 | $24,391,433 |
| June 30, 2023 | 990 | $10,055,224 | $13,733,161 | -$3,677,937 | $32,066,353 | $5,027,508 | $27,038,845 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,590,831
- of which government grants
- $2,968,027
- Program service revenue
- $11,227,449
- Investment income
- $950,503
- Net rental income
- $280,602
- Net gain from sales of assets
- $328
- Net income from fundraising events
- $35,749
- Net income from sales of inventory
- $550,037
- Other revenue
- $867,536
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,458,523
- Other salaries and wages
- $5,894,882
- Salaries, compensation and benefits (total)
- $9,206,023
- Professional fundraising fees
- $0
- Legal fees
- $8,055
- Accounting fees
- $96,349
- Occupancy
- $244,567
- Travel
- $205,670
- Depreciation
- $591,361
- Program services (functional)
- $12,156,496
- Management and general (functional)
- $3,152,045
- Fundraising (functional)
- $697,528
Balance sheet and other
- Total assets, start of year
- $30,703,761
- Total assets, end of year
- $32,816,546
- Total liabilities, end of year
- $5,765,504
- Net assets, end of year
- $27,051,042
- Land, buildings and equipment
- $8,628,555
- Publicly traded securities
- $8,153,448
- Net assets without donor restrictions
- $21,384,903
- Net assets with donor restrictions
- $5,666,139
- Gross receipts
- $40,737,309
- Employees
- 322
- Volunteers
- 350
- Year formed
- 1969
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BERNARD HAVARD | PRESIDENT & PRODUCING ARTISTIC DIR Trustee or director, Officer | 60 | $838,171 | $3,385 |
| MARK SYLVESTER | MANAGING DIRECTOR Officer | 60 | $526,128 | $18,298 |
| STEPHEN RAPP | DIRECTOR OF MARKETING & PR Highest-paid employee | 60 | $326,116 | $12,319 |
| SIOBHAN RUANE | DIRECTOR OF PRODUCTION Highest-paid employee | 60 | $191,000 | $10,520 |
| TJ SOKSO | DIRECTOR OF EDUCATION Highest-paid employee | 60 | $154,000 | $29,247 |
| MICHAEL ARMENTO | CONTROLLER Highest-paid employee | 60 | $145,500 | $36,954 |
| JEFFREY COON | DIRECTOR OF DEVELOPMENT Highest-paid employee | 60 | $157,000 | $12,589 |
| FRANCIS MIRABELLO | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PATRICK MULLEN | VICE CHAIR & SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT L B HARMAN | TREASURER/CHAIR FINANCE COMMITTEE Trustee or director, Officer | 2 | $0 | $0 |
| JOHN D GRAHAM | CHAIRMAN EMERITUS Trustee or director, Officer | 2 | $0 | $0 |
| LOUIS W FRYMAN | CHAIRMAN EMERITUS Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW GARFIELD | CHAIRMAN EMERITUS Trustee or director, Officer | 2 | $0 | $0 |
| SCOTT RANKIN | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY FERRO | CHAIR AUDIT COMMITTEE Trustee or director | 2 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN FIDLER | BOARD MEMBER (THRU APR 2025) Trustee or director | 2 | $0 |
| JACK R GARFINKLE | BOARD MEMBER Trustee or director | 2 | $0 |
| MELITA J JORDAN | BOARD MEMBER Trustee or director | 2 | $0 |
| TANYA RULEY-MAYO | BOARD MEMBER Trustee or director | 2 | $0 |
| RICHARD A MITCHELL | CHAIR INVESTMENT COMMITTEE Trustee or director | 2 | $0 |
| JENNIFER MERVES ROBBINS | BOARD MEMBER Trustee or director | 2 | $0 |
| GENE SCHRIVER | BOARD MEMBER Trustee or director | 2 | $0 |
| DANIEL J SCHULLER | BOARD MEMBER Trustee or director | 2 | $0 |
| JAMES D SCULLY JR | BOARD MEMBER Trustee or director | 2 | $0 |
| ELLEN TOBIE | BOARD MEMBER Trustee or director | 2 | $0 |
| JOSEPH VILLANI | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID WYHER | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BERNARD HAVARD | PRESIDENT AND PRODUCING ARTISTIC DIRECTOR Trustee or director, Officer | 60 | $838,170 | $2,991 |
| MARK SYLVESTER | MANAGING DIRECTOR Officer | 60 | $526,129 | $18,719 |
| STEPHEN RAPP | DIRECTOR OF MARKETING & PR Highest-paid employee | 60 | $326,115 | $21,217 |
| SIOBHAN RUANE | DIRECTOR OF PRODUCTION Highest-paid employee | 60 | $191,000 | $10,702 |
| TJ SOKSO | DIRECTOR OF EDUCATION Highest-paid employee | 60 | $154,000 | $32,947 |
| MICHAEL ARMENTO | CONTROLLER Highest-paid employee | 60 | $145,500 | $38,120 |
| JEFF COON | DIRECTOR OF DEVELOPMENT Highest-paid employee | 60 | $157,000 | $14,635 |
| FRANCIS MIRABELLO | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD A MITCHELL | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PATRICK MULLEN | VICE CHAIR / SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT L HARMAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY L FERRO | CHAIR AUDIT COMMITTEE Trustee or director, Officer | 2 | $0 | $0 |
| JOHN D GRAHAM | CHAIRMAN EMERITUS Trustee or director, Officer | 2 | $0 | $0 |
| LOUIS W FRYMAN | CHAIRMAN EMERITUS Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW I GARFIELD | CHAIRMAN EMERITUS Trustee or director, Officer | 2 | $0 | $0 |
| SCOTT RANKIN | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHN FIDLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JACK GARFINKLE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MELITA JORDAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TANYA RULEY-MAYO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GENE SCHRIVER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DANIEL J SCHULLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAMES SCULLY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELLEN TOBIE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOSEPH VILLANI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID WYHER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BERNARD HAVARD | PRESIDENT AND PRODUCING ARTISTIC DIRECTOR Trustee or director, Officer | 60 | $772,212 | $213,962 |
| MARK SYLVESTER | MANAGING DIRECTOR Officer | 60 | $483,777 | $17,878 |
| SIOBHAN RUANE | DIRECTOR OF PRODUCTION Highest-paid employee | 60 | $182,000 | $10,271 |
| TJ SOKSO | DIRECTOR OF EDUCATION Highest-paid employee | 60 | $149,000 | $34,076 |
| MICHAEL ARMENTO | CONTROLLER Highest-paid employee | 60 | $141,000 | $35,788 |
| EDWARD GILCHRIST | DIRECTOR OF MARKETING Highest-paid employee | 60 | $153,961 | $14,608 |
| BRIAN KURTAS | ASSOCIATE ARTISTIC DIRECTO Highest-paid employee | 60 | $114,500 | $9,599 |
| SCOTT RANKIN | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| FRANCIS MIRABELLO | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RAMONA GWYNN | VICE CHAIR / SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT L HARMAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY L FERRO | CHAIR AUDIT COMMITTEE Trustee or director, Officer | 2 | $0 | $0 |
| JOHN D GRAHAM | CHAIRMAN EMERITUS Trustee or director, Officer | 2 | $0 | $0 |
| LOUIS W FRYMAN | CHAIRMAN EMERITUS Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW I GARFIELD | CHAIRMAN EMERITUS Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD A MITCHELL | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHN FIDLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JACK GARFINKLE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| AUDREY MERVES | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PATRICK MULLEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TANYA RULEY-MAYO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GENE SCHRIVER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DANIEL J SCHULLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAMES SCULLY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELLEN TOBIE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID WYHER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 825 WALNUT ST, PHILADELPHIA, PA 19107-5107
- Principal officer (990 for 2024)
- BERNARD HAVARD, 825 WALNUT STREET, PHILADELPHIA, PA 19107
- Signed the 990
- BERNARD HAVARD, PRESIDENT
- Phone
- (215) 574-3550
- Website
- WWW.WALNUTSTREETTHEATRE.ORG
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
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
Program accomplishments
- MAINSTAGE PRODUCTIONS:DURING THE 2024-25 SEASON, WALNUT STREET THEATRE MAINSTAGE PRODUCTIONS WELCOMED 167,067 ATTENDEES, INCLUDING 21,925 SUBSCRIBERS. THE COMPANY PROVIDED EMPLOYMENT TO OVER 440 WORKERS. THE SEASON INCLUDED JERSEY BOYS, ELF THE MUSICAL, DRIVING MISS DAISY, NOEL COWARD'S HAY FEVER, AND DREAMGIRLS. THE SEASON ALSO INCLUDED A HOLIDAY CONCERT FEATURING HUGH PANARO.Expenses $11,388,592 · revenue $11,310,395
- THEATRE SCHOOL:DURING THE 2024-2025 SEASON, OUR THEATRE SCHOOL WORKED WITH 68 TEACHING ARTISTS AND 1,238 STUDENTS. CAMP WALNUT PRODUCED SIX DIVISIONS FOR 128 STUDENTS WITH 11 TEACHING ARTISTS. CAMP HELD 12 LIVE PERFORMANCES FOR FRIENDS AND FAMILY. TOURING OUTREACH SERVED 41 DISTRICTS, 124 SCHOOLS, 239 PERFORMANCES AND 59,391 STUDENTS. THE ADOPT-A-SCHOOL PROGRAM SERVED FIVE PHILADELPHIA SCHOOLS THIS PAST YEAR. THROUGH THIS INITIATIVE, FIVE OF OUR WST TEACHING ARTISTS TAUGHT 2,247 STUDENTS. OUR RESIDENCY PROGRAM HAD 17 WST TEACHING ARTISTS SERVING 25 SCHOOLS AND REACHING 1,238 TOTAL STUDENTS. WALNUT STREET THEATRE KIDS SERIES HAD 38 STUDENTS FROM WALNUT STREET THEATRE SCHOOL, AND EIGHT ARTISTIC STAFF MOUNTED FULLY STAGED ADAPTATIONS OF A CHRISTMAS CAROL AND ALADDAN JR. THESE TWO KIDS SERIES SHOWS, ALONG WITH STUDENT GROUPS ATTENDING OUR MAINSTAGE PRODUCTION OF A CHRISTMAS STORY, WELCOMED 37,567 STUDENTS OVER THE COURSE OF THE ACADEMIC YEAR TO OUR MAINSTAGE. DISNEY MUSICALS IN SCHOOLS HAD FOUR WST TEACHING ARTISTS AND THE WST EDUCATIONAL STAFF SERVED TWO SCHOOLS, AND 71 STUDENTS WERE ABLE TO PARTICIPATE IN THE DISNEY MUSICAL IN SCHOOLS PROGRAM. 83 SCHOLARSHIPS WERE AWARDED TO DESERVING STUDENTS FOR OUR THEATRE SCHOOL PROGRAM IN 2025. OUR PROFESSIONAL APPRENTICE PROGRAM PROVIDED TRAINING FOR 23 STUDENTS.Expenses $767,904 · revenue $467,091
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1715152
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A650)
- Assets (IRS master file)
- $32,816,546
- Income (IRS master file)
- $40,737,309
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $18,636,319 | $16,006,069 | $32,816,546 | IRS |
| 990 | June 2024 | $13,588,373 | $15,072,712 | $30,703,761 | IRS |
| 990 | June 2023 | $10,055,224 | $13,733,161 | $32,066,353 | XML |
| 990 | June 2022 | $14,927,015 | $12,355,034 | $36,002,708 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1715152).
Questions about WALNUT STREET THEATRE CORP
- What is the EIN of WALNUT STREET THEATRE CORP?
- The employer identification number (EIN) of WALNUT STREET THEATRE CORP is 23-1715152.
- Is WALNUT STREET THEATRE CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to WALNUT STREET THEATRE CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WALNUT STREET THEATRE CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WALNUT STREET THEATRE CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WALNUT STREET THEATRE CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WALNUT STREET THEATRE CORP?
- The 990 for the year ended June 30, 2025 names BERNARD HAVARD.
- Who are the officers and directors of WALNUT STREET THEATRE CORP?
- The 990 for the year ended June 30, 2025 lists 27 people; 7 received compensation from the organization, the highest $838,171 (BERNARD HAVARD, PRESIDENT & PRODUCING ARTISTIC DIR).
- How much revenue does WALNUT STREET THEATRE CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $18,636,319, expenses of $16,006,069 and total assets of $32,816,546 at year end.
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