The Broadway League Inc
- Assets
- $19.4m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 79
- Location
- New York, NY
- Founding
- 10/1942
- Data as of
- 08/2023
- EIN
- 13-0951470
Organization Overview
The Broadway League Inc is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Broadway League Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadway League Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Broadway League Inc generated $13.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $10.8m during the year ending 08/2023. While expenses have increased by 2.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE AWARENESS OF, AND INTEREST IN, BROADWAY THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INCREASE AWARENESS OF, AND INTEREST IN, BROADWAY THEATRE. TO PROVIDE SERVICES ON BEHALF OF MEMBERS INCLUDING MARKETING PROGRAMS AND SPECIAL EVENTS; LABOR, GOVERNMENT, AND MEDIA RELATIONS; INDUSTRY AND COMMUNITY INTERACTION AND MAINTENANCE OF RELEVANT RESEARCH ARCHIVES AND DATABASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte St Martin President | Officer | 40 | $552,970 |
Jason Laks Executive VP | Officer | 40 | $453,654 |
Christopher Brockmeyer Dir Of Employee Benefit Funds | Officer | 40 | $244,750 |
Ellen Greenwald Chief Marketing Officer | Officer | 50 | $248,473 |
Cheri Phillips Chief Financial Officer | Officer | 40 | $209,468 |
Thomas Ferrugia Dir. Of Government Relations | Officer | 40 | $195,659 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elmendorf Strategies Dba Subject M Lobbying | 8/30/23 | $240,000 |
Proskauer Rose Llp Legal Services | 8/30/23 | $535,934 |
Fst Development Productions Event Producers | 8/30/23 | $136,424 |
Harbinger Strategies Llc Lobbying | 8/30/23 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $269,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,459 |
| Noncash contributions included in lines 1a–1f | $31,459 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,926 |
| Total Program Service Revenue | $12,719,200 |
| Investment income | $346,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,366,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,961,488 |
| Compensation of current officers, directors, key employees. | $710,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,078,231 |
| Pension plan accruals and contributions | $234,922 |
| Other employee benefits | $33,131 |
| Payroll taxes | $280,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,058,374 |
| Fees for services: Accounting | $40,000 |
| Fees for services: Lobbying | $450,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $311,198 |
| Advertising and promotion | $416,731 |
| Office expenses | $301,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $660,419 |
| Travel | $54,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,298 |
| Insurance | $87,758 |
| All other expenses | $89,623 |
| Total functional expenses | $10,838,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,549 |
| Savings and temporary cash investments | $3,542,774 |
| Pledges and grants receivable | $171,100 |
| Accounts receivable, net | $529,315 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $264,041 |
| Net Land, buildings, and equipment | $43,616 |
| Investments—publicly traded securities | $11,595,227 |
| Investments—other securities | $0 |
| Investments—program-related | $535,871 |
| Intangible assets | $0 |
| Other assets | $2,652,996 |
| Total assets | $19,432,489 |
| Accounts payable and accrued expenses | $682,352 |
| Grants payable | $0 |
| Deferred revenue | $714,723 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,792,692 |
| Total liabilities | $3,189,767 |
| Net assets without donor restrictions | $16,242,722 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,432,489 |