Vivian Beaumont Theater Inc, operating under the name Lincoln Center Theater, is located in New York, NY. The organization was established in 1979. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Lincoln Center Theater employed 401 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Center Theater is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lincoln Center Theater generated $49.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $46.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO PROMOTE THE HIGHEST STANDARDS OF EXCELLENCE IN THE THEATER AND THE PERFORMING ARTS, PRIMARILY THROUGH THE PRODUCTION AND PERFORMANCE OF PLAYS AND MUSICALS FOR THE GENERAL PUBLIC, AS WELL AS VARIOUS DEVELOPMENTAL AND EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
THEATRICAL PRODUCTION & OPERATIONS (REGULAR & EXTENDED, INCLUDING ARTISTIC STAFF AND FACILITIES).THE ORGANIZATION PRESENTS NOT-FOR-PROFIT THEATRICAL PRODUCTIONS TO THE GENERAL PUBLIC AT THE VIVIAN BEAUMONT AND MITZI E. NEWHOUSE THEATERS AT LINCOLN CENTER, AS WELL AS WORKS BY YOUNG AND EMERGING ARTISTS (THE LCT3 PROGRAM) AT THE CLAIRE TOW THEATER AT LINCOLN CENTER. AT THE BEGINNING OF THE FISCAL YEAR ENDING JUNE 30, 2022, THE THEATERS WERE STILL CLOSED AS A RESULT OF THE COVID-19 PANDEMIC, AND A SERIES OF WORKS AND CONCERTS WERE PRESENTED OUTSIDE ON THE LINCON CENTER PLAZA, UNDER THE NAME "RESTART STAGES." AFTER THE INDOOR THEATERS REOPENED, THE FOLLOWING PRODUCTIONS WERE PRESENTED:"FLYING OVER SUNSET" (BEAUMONT THEATER, 71 PERFS., ATTENDANCE 29,128), "INTIMATE APPAREL" (NEWHOUSE THEATER, 60 PERFS., ATTENDANCE 10,681), "AT THE WEDDING" (TOW THEATER, 41 PERFS., ATTENDANCE 3,380), "THE SKIN OF OUR TEETH" (BEAUMONT THEATER, 61 PERFS., ATTENDANCE 20,901), "EPIPHANY" (NEWHOUSE THEATER, 43 PERFS., ATTENDANCE 5,966).
MARKETING, EDUCATION & OUTREACH.THE THEATER'S EDUCATION PROGRAM (OPEN STAGES) FOR CHILDREN FROM LOW-INCOME FAMILIES ATTENDING NEW YORK CITY PUBLIC SCHOOLS CONSISTS OF A SERIES OF PROFESSIONAL DEVELOPMENT SESSIONS FOR TEACHERS AND CLASSROOM WORKSHOPS LED BY TEACHING ARTISTS. EDUCATIONAL ACTIVITIES IN THE HIGH SCHOOL PROGRAM ARE CONNECTED WITH THE THEATER'S PRODUCTIONS (FOR WHICH FREE TICKETS ARE PROVIDED TO STUDENTS AND TEACHERS) AND THE PERFORMING ARTS IN GENERAL. OPEN STAGES INCLUDES THREE ADDITIONAL COMPONENTS. THE SHAKESPEARE PROGRAM PROVIDES STUDENTS WITH AN INTRODUCTION TO THE PLAYWRIGHT BY APPROACHING HIS LANGUAGE AS ACTORS AND FINDING PERSONAL CONNECTIONS TO HIS WORK'S CHARACTERS AND ACTIONS. THE LEAD (LEARNING ENGLISH AND DRAMA) PROJECT WAS DEVISED TO HELP ENL STUDENTS IN HIGH SCHOOLS AND MIDDLE SCHOOLS IMPROVE THEIR ENGLISH-LANGUAGE SPEAKING SKILLS BY UTILIZING THEATER TECHNIQUES. THE SONGWRITING IN THE SCHOOLS PROGRAM, DESIGNED TO ENHANCE THE WRITING CURRICULUM IN THE PUBLIC SCHOOLS, BRINGS YOUNG PROFESSIONAL LYRICISTS AND COMPOSERS INTO CLASSROOMS FOR NINE-SESSION RESIDENCIES IN WHICH THEY TEACH STUDENTS HOW TO WRITE LYRICS FROM A CHARACTER'S POINT OF VIEW AND THEN SET THEIR WORDS TO MUSIC. ALL EDUCATION PROGRAM COMPONENTS REACH A TOTAL OF APPROXIMATELY 4,300 STUDENTS AND 80 TEACHERS EACH YEAR.THE THEATER'S MEMBERSHIP PROGRAM (IN AN ORDINARY YEAR WITH FULL THEATRICAL PRODUCTION) IS ITS PRINCIPAL MEANS OF AUDIENCE DEVELOPMENT. ITS EXPENSES ARE THE COSTS OF SERVICING A GROUP OF APPROXIMATELY 25,000 LINCOLN CENTER THEATER MEMBERS, EACH OF WHOM, AFTER PAYMENT OF AN ANNUAL FEE, IS ENTITLED TO PURCHASE ONE TICKET TO EACH OF THE THEATER'S PRODUCTIONS AT A SUBSTANTIAL DISCOUNT (SUBJECT IN SOME CIRCUMSTANCES TO AVAILABILITY) AND TO RECEIVE SPECIAL INFORMATION AND SERVICE IN THE ORDERING OF TICKETS. OVER 5,700 STUDENT AND YOUNGER MEMBERS, UNDER THE LINCTIX PROGRAM, ARE ENTITLED TO MEMBERSHIP BENEFITS AND DISCOUNTS WITHOUT THE PAYMENT OF AN ANNUAL FEE.
SPECIAL ARTISTIC PROJECTS.SPECIAL ARTISTIC PROJECTS INCLUDE DEVELOPMENTAL WORKSHOPS AND READINGS OF NEW PLAYS AND MUSICALS (THE PLAY DEVELOPMENT PROGRAM), COMMISSIONS FOR NEW PLAYS AND OPERAS, AND THE PUBLICATION OF THE LINCOLN CENTER THEATER REVIEW, A JOURNAL OF THE DRAMA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andre Bishop Producing Artistic Director | OfficerTrustee | 40 | $717,308 |
Kewsong Lee Chairman Of Board | OfficerTrustee | 2 | $0 |
David F Solomon President | OfficerTrustee | 2 | $0 |
James-Keith Brown Chair Of Exec. Committee | OfficerTrustee | 2 | $0 |
Jonathan Z Cohen Vice Chairman | OfficerTrustee | 2 | $0 |
Jane Lisman Katz Vice Chairman | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Infectious Economics Llc Covid-19 Safety Consulting | 6/29/22 | $163,000 |
Paul Weiss Rifkind Wharton Et Al Attorney | 6/29/22 | $109,843 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,944,709 |
Related organizations | $0 |
Government grants | $12,979,786 |
All other contributions, gifts, grants, and similar amounts not included above | $14,947,222 |
Noncash contributions included in lines 1a–1f | $690,767 |
Total Revenue from Contributions, Gifts, Grants & Similar | $29,871,717 |
Total Program Service Revenue | $6,143,148 |
Investment income | $1,205,884 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $140,245 |
Net Rental Income | $2,000 |
Net Gain/Loss on Asset Sales | $11,494,358 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $49,101,670 |
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. | $4,266,915 |
Compensation of current officers, directors, key employees. | $1,438,057 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $10,732,861 |
Pension plan accruals and contributions | $1,044,192 |
Other employee benefits | $2,865,832 |
Payroll taxes | $2,056,167 |
Fees for services: Management | $61,725 |
Fees for services: Legal | $160,667 |
Fees for services: Accounting | $58,488 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $782,702 |
Fees for services: Other | $1,342,051 |
Advertising and promotion | $3,680,912 |
Office expenses | $517,830 |
Information technology | $0 |
Royalties | $252,018 |
Occupancy | $1,590,679 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $49,781 |
Interest | $16,379 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,395,223 |
Insurance | $505,931 |
All other expenses | $302,061 |
Total functional expenses | $46,588,786 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,389,499 |
Savings and temporary cash investments | $2,455,061 |
Pledges and grants receivable | $6,937,901 |
Accounts receivable, net | $645,813 |
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 | $756,812 |
Net Land, buildings, and equipment | $27,939,184 |
Investments—publicly traded securities | $4,015,424 |
Investments—other securities | $122,297,208 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $167,436,902 |
Accounts payable and accrued expenses | $2,333,607 |
Grants payable | $0 |
Deferred revenue | $572,512 |
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 | $0 |
Total liabilities | $2,906,119 |
Net assets without donor restrictions | $62,427,814 |
Net assets with donor restrictions | $102,102,969 |
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 | $167,436,902 |