The Provincetown Theater Foundation Inc

Nonprofit profile at a glance

EIN
043555859
IRS 990 coverage
2020–2025
Forms available
Form 990 2025, Form 990-T 2025
Location
Provincetown, MA, USA
Phone
5084877487
Rating
65
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Private Grantmaking Foundations

Official website

Reported finances

Revenue
$1,262,169
Expenses
$1,239,049
Assets
$2,037,354
Liabilities
$561,266

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • ROSS OZER (PRESIDENT)
  • NICOLE BARNUM (VICE PRESIDENT)

Highest reported compensation

  • GARY GARRISON (MANAGING DIRECTOR): $78,831 total reported compensation
  • DAVID DRAKE (ARTISTIC DIRECTOR): $64,110 total reported compensation
  • JOSHUA QUINONES (PRODUCTION MANAGER): $25,499 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate a theatre in provincetown mass.

What it reported doing in 2025

To promote the performing arts and to provide a facility suitable for performing arts and training and developement of artistic skills and related programs in the arts

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 89
  • Accountability: 56
  • Sustainability: 40
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.5%; rating input score 54
  • Program expense ratio: 55.5%; rating input score 55
  • Fundraising efficiency: $8.77 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 86.7%; rating input score 87; 3rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 69.2%; rating input score 69; 18th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.8%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 1.64; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 13.6%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 17% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 21.1% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: -0.6% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 54.5% of revenue deployed · 55.5% of spending went to programs
  • Governance: 9 of 13 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $688K in reported program spending
  • Leadership: top reported pay $79K · 15 people listed
  • Consistency: 31 of 33 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule G fundraiser detail did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.