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Prospect Theater Company Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Theater (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$494k (2023)

Expenses
$652k (2023)

Total Assets
$57.5k (2023)

Total Liabilities
$58.7k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$494,227
Expenses
$652,199
Net Income
-$157,972
Net Assets
-$1,289
Notable Sources of Revenue Percent of Total Revenue
Contributions $351,068
71.0%
Program Services $165,933
33.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$23,291
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $517
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $66,276
10.2%
Professional Fundraising Fees $0
Other Salaries and Wages $137,598
21.1%
Assets/Debt
Total Assets $57,456
Total Liabilities $58,745
Net Assets -$1,289
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (Board Member/Producing Artistic Director) $35,062 $0 $6,000
Melissa Huber (Board Member/Managing Director) $26,436 $0 $0
Jesse Kearney (President) $1,500 $0 $0
Tira Harpaz (Vice President) $0 $0 $0
Kyle Burkhardt (Treasurer) $0 $0 $0
Jane Abramson (Secretary) $0 $0 $0
Stephanie Grayson (Board Member) $0 $0 $0
David Milberg (Board Member (Left July 2023)) $0 $0 $0
Julie Miller (Board Member) $0 $0 $0
Tony Valles (Board Member) $0 $0 $0
Peter Mills (Board Member) $0 $0 $0
Jason Ma (Board Member) $0 $0 $0
Sophie Gandler (Board Member) $0 $0 $0
Karin Kawamoto (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$516,430
Expenses
$560,802
Net Income
-$44,372
Net Assets
$156,683
Notable Sources of Revenue Percent of Total Revenue
Contributions $440,616
85.3%
Program Services $64,535
12.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,279
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $58,822
10.5%
Professional Fundraising Fees $0
Other Salaries and Wages $114,800
20.5%
Assets/Debt
Total Assets $167,991
Total Liabilities $11,308
Net Assets $156,683
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (Board Member/Producing Artistic Director) $35,542 $0 $0
Melissa Huber (Board Member/Managing Director) $24,017 $0 $0
Jesse Kearney (President) $3,333 $0 $0
Peter Mills (Board Member) $1,500 $0 $0
Tira Harpaz (Vice President) $0 $0 $0
Kyle Burkhardt (Treasurer) $0 $0 $0
Jane Abramson (Secretary) $0 $0 $0
Stephanie Grayson (Board Member) $0 $0 $0
Robert Gurman (Board Member) $0 $0 $0
David Milberg (Board Member) $0 $0 $0
Julie Miller (Board Member) $0 $0 $0
Tony Valles (Board Member) $0 $0 $0
Jason Ma (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$386,586
Expenses
$349,101
Net Income
$37,485
Net Assets
$201,055
Notable Sources of Revenue Percent of Total Revenue
Contributions $361,726
93.6%
Program Services $23,018
6.0%
Investment Income $0
Bond Proceeds $0
Royalties $1,620
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $222
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $57,667
16.5%
Professional Fundraising Fees $0
Other Salaries and Wages $95,242
27.3%
Assets/Debt
Total Assets $267,229
Total Liabilities $66,174
Net Assets $201,055
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (Board Member/Producing Artistic Director) $31,894 $0 $0
Melissa Huber (Board Member/Managing Director) $21,870 $0 $0
Jesse Kearney (President) $0 $0 $0
Tira Harpaz (Vice President) $0 $0 $0
Ann Korff (Treasurer) $0 $0 $0
Julie Miller (Secretary) $0 $0 $0
Jane Abramson (Board Member) $0 $0 $0
Stephanie Grayson (Board Member) $0 $0 $0
Robert Gurman (Board Member) $0 $0 $0
David Milberg (Board Member) $0 $0 $0
Peter Mills (Board Member) $0 $0 $0
Tony Valles (Board Member) $0 $0 $0
Kyle Burkhardt (Board Member) $0 $0 $0
Jason Ma (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$584,533
Expenses
$599,801
Net Income
-$15,268
Net Assets
$163,570
Notable Sources of Revenue Percent of Total Revenue
Contributions $291,961
49.9%
Program Services $290,146
49.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,426
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $50,427
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $181,647
30.3%
Assets/Debt
Total Assets $235,247
Total Liabilities $71,677
Net Assets $163,570
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (Board Member/Producing Artistic Director) $30,530 $0 $0
Melissa Huber (Board Member/Managing Director) $19,215 $0 $0
Jesse Kearney (President) $0 $0 $0
Tira Harpaz (Vice President) $0 $0 $0
Robert Gurman (Treasurer) $0 $0 $0
Julie Miller (Secretary) $0 $0 $0
Jane Abramson (Board Member) $0 $0 $0
Stephanie Grayson (Board Member) $0 $0 $0
Ann Korff (Board Member) $0 $0 $0
David Milberg (Board Member) $0 $0 $0
Peter Mills (Board Member) $0 $0 $0
Tony Valles (Board Member) $0 $0 $0
Jaime Valles (Board Member) $0 $0 $0
Jason Ma (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$827,270
Expenses
$732,382
Net Income
$94,888
Net Assets
$178,838
Notable Sources of Revenue Percent of Total Revenue
Contributions $489,478
59.2%
Program Services $330,156
39.9%
Investment Income $0
Bond Proceeds $0
Royalties $1,550
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,086
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $47,825
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $202,256
27.6%
Assets/Debt
Total Assets $185,427
Total Liabilities $6,589
Net Assets $178,838
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (Board Member/Producing Artistic Director) $26,269 $0 $0
Melissa Huber (Board Member/Managing Director) $17,268 $0 $0
Jesse Kearney (President) $0 $0 $0
Tira Harpaz (Vice President) $0 $0 $0
Robert Gurman (Treasurer) $0 $0 $0
Julie Miller (Secretary) $0 $0 $0
Jane Abramson (Board Member) $0 $0 $0
Stephanie Grayson (Board Member) $0 $0 $0
Ann Korff (Board Member) $0 $0 $0
David Milberg (Board Member) $0 $0 $0
Peter Mills (Board Member) $0 $0 $0
Tony Valles (Board Member) $0 $0 $0
Jaime Valles (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$594,661
Expenses
$648,167
Net Income
-$53,506
Net Assets
$83,950
Notable Sources of Revenue Percent of Total Revenue
Contributions $343,176
57.7%
Program Services $241,906
40.7%
Investment Income $0
Bond Proceeds $0
Royalties $50
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,529
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $39,513
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $163,987
25.3%
Assets/Debt
Total Assets $106,960
Total Liabilities $23,010
Net Assets $83,950
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (Board Member/Producing Artistic Director) $19,766 $0 $0
Melissa Huber (Board Member/Managing Director) $15,489 $0 $0
Peter Mills (Board Member) $1,349 $0 $0
Jesse Kearney (President) $0 $0 $0
Tira Harpaz (Vice President) $0 $0 $0
Robert Gurman (Treasurer) $0 $0 $0
Julie Miller (Secretary) $0 $0 $0
Jane Abramson (Board Member) $0 $0 $0
Stephanie Grayson (Board Member) $0 $0 $0
Ann Korff (Board Member) $0 $0 $0
David Milberg (Board Member) $0 $0 $0
Tony Valles (Board Member) $0 $0 $0
Jaime Valles (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$415,658
Expenses
$210,265
Net Income
$205,393
Net Assets
$137,456
Notable Sources of Revenue Percent of Total Revenue
Contributions $364,253
87.6%
Program Services $47,105
11.3%
Investment Income $0
Bond Proceeds $0
Royalties $322
0.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,978
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $25,940
12.3%
Professional Fundraising Fees $0
Other Salaries and Wages $9,680
4.6%
Assets/Debt
Total Assets $206,435
Total Liabilities $68,979
Net Assets $137,456
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (President/Producing Artistic Director) $4,300 $0 $0
Peter Mills (Board Membber) $2,000 $0 $0
Melissa Huber (Treasurer/Managing Director) $0 $0 $0
Julie Miller (Secretary) $0 $0 $0
Jaime Valles (Board Member) $0 $0 $0
Stephanie Grayson (Board Member) $0 $0 $0
Tira Harpaz (Board Member) $0 $0 $0
Jesse Kearney (Vice President) $0 $0 $0
Hil Moss (Board Member) $0 $0 $0
Robert O Gurman (Board Member) $0 $0 $0
Tony Valles (Board Member) $0 $0 $0
Jane Abramson (Board Member) $0 $0 $0
David Milberg (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$326,196
Expenses
$335,575
Net Income
-$9,379
Net Assets
-$67,937
Notable Sources of Revenue Percent of Total Revenue
Contributions $256,180
78.5%
Program Services $64,203
19.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,813
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $5,830
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $48,146
14.3%
Assets/Debt
Total Assets $35,968
Total Liabilities $103,905
Net Assets -$67,937
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (President/Producing Artistic Director) $4,325 $0 $0
Peter Mills (Board Membber) $1,575 $0 $0
Melissa Huber (Treasurer/Managing Director) $0 $0 $0
Julie Miller (Secretary) $0 $0 $0
Jaime Valles (Board Member) $0 $0 $0
Stephanie Grayson (Board Member) $0 $0 $0
Tira Harpaz (Board Member) $0 $0 $0
Jesse Kearney (Vice President) $0 $0 $0
Hil Moss (Board Member) $0 $0 $0
Robert O Gurman (Board Member) $0 $0 $0
Tony Valles (Board Member) $0 $0 $0
Jane Abramson (Board Member) $0 $0 $0
David Milberg (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$364,222
Expenses
$475,918
Net Income
-$111,696
Net Assets
-$58,558
Notable Sources of Revenue Percent of Total Revenue
Contributions $234,268
64.3%
Program Services $126,748
34.8%
Investment Income $0
Bond Proceeds $0
Royalties $2,444
0.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $762
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $23,095
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $92,908
19.5%
Assets/Debt
Total Assets $42,767
Total Liabilities $101,325
Net Assets -$58,558
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (President/Producing Artistic Director) $19,720 $0 $0
Peter Mills (Secretary/Resident Writer) $3,375 $0 $0
Melissa Huber (Vice President/Treasurer/Managing Director) $0 $0 $0
Tony Valles (Board Member) $0 $0 $0
Jaime Valles (Board Member) $0 $0 $0
Michelle Mcgorty (Board Member) $0 $0 $0
Julie Miller (Board Member) $0 $0 $0
Jesse Kearney (Board Member) $0 $0 $0
Clifford Lee Johnson (Board Member) $0 $0 $0
Robert O Gurman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$452,510
Expenses
$451,021
Net Income
$1,489
Net Assets
$53,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $307,862
68.0%
Program Services $131,860
29.1%
Investment Income $0
Bond Proceeds $0
Royalties $58
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,730
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $9,650
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $104,932
23.3%
Assets/Debt
Total Assets $134,664
Total Liabilities $81,526
Net Assets $53,138
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cara Reichel (President/Producing Artistic Director) $7,342 $29 $0
Melissa Huber (Vice President/Treasurer/Managing Director) $2,308 $0 $0
Peter Mills (Secretary/Resident Writer) $0 $29 $0
Tony Valles (Board Member) $0 $0 $0
Jaime Valles (Board Member) $0 $0 $0
Michelle Mcgorty (Board Member) $0 $0 $0
Julie Miller (Board Member) $0 $0 $0
Susan Brown (Board Member) $0 $0 $0
Clifford Lee Johnson (Board Member) $0 $0 $0
Robert O Gurman (Board Member) $0 $0 $0
Jesse Kearney (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$649,774
Expenses
$527,880
Net Income
$121,894
Net Assets
$51,649
Notable Sources of Revenue Percent of Total Revenue
Contributions $271,884
41.8%
Program Services $324,673
50.0%
Investment Income $0
Bond Proceeds $0
Royalties $290
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $52,927
8.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,850
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $116,039
22.0%
Assets/Debt
Total Assets $145,578
Total Liabilities $93,929
Net Assets $51,649

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$554,230
Expenses
$509,018
Net Income
$45,212
Net Assets
-$21,735
Notable Sources of Revenue Percent of Total Revenue
Contributions $328,866
59.3%
Program Services $201,154
36.3%
Investment Income $0
Bond Proceeds $0
Royalties $951
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,259
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,600
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $122,993
24.2%
Assets/Debt
Total Assets $83,021
Total Liabilities $104,756
Net Assets -$21,735

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$187,349
Expenses
$198,862
Net Income
-$11,513
Net Assets
-$66,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $119,371
63.7%
Program Services $57,244
30.6%
Investment Income $0
Net Fundraising $1,660
0.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,074
4.8%
Assets/Debt
Total Assets $69,271
Total Liabilities $136,218
Net Assets -$66,947

Document Links

Fiscal Year Ending Aug.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2000

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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  • Raw filing data. Includes EINs and summary financials as structured data.
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