Bay Street Theatre Festival Inc
Bay Street Theatre Festival experiences revenue growth but faces recent operating deficits and increased liabilities.
EIN: 133628854 · Sag Harbor, NY · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $5.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $1.0M |
| Transparency Score | 70/100 |
Is Bay Street Theatre Festival Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bay Street Theatre Festival Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bay Street Theatre Festival Inc
Bay Street Theatre Festival Inc (EIN: 133628854) is a nonprofit organization based in Sag Harbor, NY, classified under NTEE code A650. The organization reported total revenue of $5.7M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bay Street Theatre Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bay Street Theatre Festival Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $5.2M |
| Surplus / Deficit | $-565,258 |
| Total Assets | $2.5M |
| Total Liabilities | $1.5M |
| Net Assets | $1.0M |
| Operating Margin | -12.2% |
| Debt-to-Asset Ratio | 60.0% |
| Months of Reserves | 5.9 months |
Financial Health Grade: C
In 2023, Bay Street Theatre Festival Inc reported a deficit of $565K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 60.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bay Street Theatre Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.1% | +1.5% | +38.6% |
| 2022 | +17.0% | +31.4% | -29.8% |
| 2021 | +34.6% | +94.1% | +55.9% |
| 2020 | -20.7% | -49.2% | +77.9% |
| 2019 | -8.0% | +0.1% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bay Street Theatre Festival Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bay Street Theatre Festival Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $565K, with expenses exceeding revenue.
- Debt-to-asset ratio: 60.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues exceeding $4 million. This suggests either that executive roles are entirely volunteer-based, or that compensation for key management personnel is categorized differently within the financial statements.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bay Street Theatre Festival Inc's IRS 990 filings:
- Operating deficits in recent years (e.g., $565,258 in 2023, $237,743 in 2022)
- Significant increase in liabilities to $1,530,735 in 2023
- Unusually low or 0% reported officer compensation for an organization of this size, which may obscure actual executive pay.
Strengths
The following positive indicators were identified for Bay Street Theatre Festival Inc:
- Consistent revenue growth over the past decade, from $2.8M in 2014 to $4.6M in 2023.
- Substantial growth in assets, from under $1M in 2019 to over $2.5M in 2023, indicating increased capacity.
- Clear mission focus as a performing arts organization (NTEE A650).
Frequently Asked Questions about Bay Street Theatre Festival Inc
Is Bay Street Theatre Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bay Street Theatre Festival Inc (EIN: 133628854) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Bay Street Theatre Festival Inc spend its money?
Bay Street Theatre Festival Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bay Street Theatre Festival Inc tax-deductible?
Bay Street Theatre Festival Inc is registered as a tax-exempt nonprofit (EIN: 133628854). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bay Street Theatre Festival Inc CEO make?
Bay Street Theatre Festival Inc's highest-compensated officer earns $4 annually. The organization reported $5.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bay Street Theatre Festival Inc's spending goes to programs?
Bay Street Theatre Festival Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bay Street Theatre Festival Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Bay Street Theatre Festival Inc is above average for NTEE category A650 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bay Street Theatre Festival Inc located?
Bay Street Theatre Festival Inc is headquartered in Sag Harbor, New York and files with the IRS under EIN 133628854. It is classified under NTEE code A650.
How many years of IRS 990 filings does Bay Street Theatre Festival Inc have?
Bay Street Theatre Festival Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.7M in total revenue.
Why did liabilities increase significantly to $1,530,735 in 2023 from $255,536 in 2022?
The substantial increase in liabilities in the latest filing period is a key financial concern that could indicate new debt, deferred revenue, or other obligations that need to be understood for a complete financial picture.
How does Bay Street Theatre Festival Inc. cover its operating deficits, such as the $565,258 deficit in 2023?
With expenses exceeding revenue in multiple recent years, it's important to understand if these deficits are covered by reserves, specific grants, or other non-operating income sources.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without this breakdown, it's challenging to fully assess the organization's spending efficiency and how much of its budget directly supports its mission-related activities.
Is the 0% officer compensation reported accurate, or is executive compensation included in other expense categories?
Clarification on executive compensation reporting is crucial for transparency, especially for an organization with multi-million dollar revenues.
Filing History
IRS 990 filing history for Bay Street Theatre Festival Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bay Street Theatre Festival Inc's revenue has grown by 101.8%, moving from $2.3M to $4.6M. Total assets increased by 211.4% over the same period, from $819K to $2.5M. Total functional expenses rose by 124.1%, from $2.3M to $5.2M. In its most recent filing year (2023), Bay Street Theatre Festival Inc reported a deficit of $565K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $2.5M in assets (debt-to-asset ratio: 60.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $5.2M | $2.5M | $1.5M | — | View 990 |
| 2022 | $4.9M | $5.1M | $1.8M | $256K | — | View 990 |
| 2021 | $4.2M | $3.9M | $2.6M | $800K | — | View 990 |
| 2020 | $3.1M | $2.0M | $1.7M | $137K | — | View 990 |
| 2019 | $3.9M | $3.9M | $945K | $492K | — | View 990 |
| 2018 | $4.2M | $3.9M | $950K | $437K | — | View 990 |
| 2017 | $3.4M | $3.6M | $986K | $771K | — | View 990 |
| 2016 | $3.9M | $3.7M | $997K | $616K | — | View 990 |
| 2015 | $3.3M | $3.5M | $746K | $629K | — | View 990 |
| 2014 | $2.8M | $3.0M | $962K | $692K | — | View 990 |
| 2013 | $2.9M | $2.8M | $860K | $414K | — | View 990 |
| 2012 | $2.1M | $2.2M | $774K | $387K | — | View 990 |
| 2011 | $2.3M | $2.3M | $819K | $261K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $5.2M, and assets of $2.5M (revenue -5.1% year-over-year).
- 2022: Revenue of $4.9M, expenses of $5.1M, and assets of $1.8M (revenue +17.0% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.9M, and assets of $2.6M (revenue +34.6% year-over-year).
- 2020: Revenue of $3.1M, expenses of $2.0M, and assets of $1.7M (revenue -20.7% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.9M, and assets of $945K (revenue -8.0% year-over-year).
- 2018: Revenue of $4.2M, expenses of $3.9M, and assets of $950K (revenue +23.5% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.6M, and assets of $986K (revenue -13.0% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.7M, and assets of $997K (revenue +18.7% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.5M, and assets of $746K (revenue +17.4% year-over-year).
- 2014: Revenue of $2.8M, expenses of $3.0M, and assets of $962K (revenue -1.8% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.8M, and assets of $860K (revenue +40.4% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.2M, and assets of $774K (revenue -10.4% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.3M, and assets of $819K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bay Street Theatre Festival Inc:
Data Sources and Methodology
This transparency report for Bay Street Theatre Festival Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.