Joyce Theater Foundation Inc
- Assets
- $60.0m
- Revenue
- $11.7m
- Investments
- $2.6m
- Employees
- 168
- Location
- New York, NY
- Founding
- 09/1980
- Data as of
- 08/2023
- EIN
- 13-3038262
Organization Overview
Joyce Theater Foundation Inc is located in New York, NY. The organization was established in 1980. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Joyce Theater Foundation Inc employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joyce Theater Foundation Inc 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 08/2023, Joyce Theater Foundation Inc generated $11.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $13.4m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joyce Theater Foundation Inc has awarded 37 individual grants totaling $916,074. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE, CULTIVATE, SPONSOR, DEVELOP, AID AND ADVANCE THE PUBLIC INTEREST IN, AND APPRECIATION OF, THE ART OF DANCE AND CHOREOGRAPHY, THE RELATED ARTS OF MUSIC, PAINTING, DESIGN AND THEATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE PRESENTING:THE JOYCE PRESENTS A DIVERSE ROSTER OF ARTISTS FROM AROUND THE WORLD AND IS RESPONSIBLE FOR FINANCING AND MANAGING ALL SERVICES INCLUDING ARTISTIC FEES, ADVERTISING/PROMOTION AND TECHNICAL COSTS. IN FY23, THE JOYCE PRESENTED 23 DANCE COMPANIES OVER 31 WEEKS AT THE JOYCE THEATER, AND ONE COMPANY FOR ONE WEEK AT THE KOCH THEATER.
EDUCATION AND TRAVEL STUDIO OPERATIONSARTIST RESIDENCIES
PRODUCING, TOURING, AND ARTIST SERVICES:CHOREOGRAPHERS, DANCERS AND MUSICIANS ARE IDENTIFIED AND INVITED TO COLLABORATE ON DANCE CREATION PROJECTS. THESE PROJECTS MAY TAKE FROM THREE MONTHS TO THREE YEARS CULMINATING WITH A PREMIERE OF THE WORK AT THE JOYCE THEATER WITH FURTHER EXPECTATIONS OF TOURING UNDER THE JOYCE THEATER PRODUCTIONS PROGRAM. SEVEN CREATION PROJECTS WERE COMPLETED IN FY23. THREE PROJECTS WERE TOURED.
ENGAGEMENT ASSISTANCENON-PROFIT DANCE COMPANIES AND OTHERS RENT THE JOYCE THEATER AT A HIGHLY SUBSIDIZED WEEKLY RENTAL FEE. IN FY23, THE JOYCE RENTED THE THEATER TO ELEVEN DANCE COMPANIES AND TWO OTHER COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amit Wadhwaney Chair | OfficerTrustee | 1 | $0 |
Charles M Adelman Vice Chair | OfficerTrustee | 1 | $0 |
Stephanie R Breslow Treasurer | OfficerTrustee | 1 | $0 |
Jane E Goldberg Secretary | OfficerTrustee | 1 | $0 |
R Richard Ablon Trustee | Trustee | 1 | $0 |
Rob Ashford Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $737,745 |
| Related organizations | $0 |
| Government grants | $367,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,384,845 |
| Noncash contributions included in lines 1a–1f | $120,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,489,950 |
| Total Program Service Revenue | $5,395,217 |
| Investment income | $642,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,188 |
| Net Gain/Loss on Asset Sales | -$72,179 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,655,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $118,296 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,147,716 |
| Compensation of current officers, directors, key employees. | $324,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,417,836 |
| Pension plan accruals and contributions | $395,258 |
| Other employee benefits | $423,743 |
| Payroll taxes | $466,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,547 |
| Fees for services: Lobbying | $72,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $156,317 |
| Fees for services: Other | $48,175 |
| Advertising and promotion | $975,780 |
| Office expenses | $275,985 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $765,278 |
| Travel | $83,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,554 |
| Insurance | $0 |
| All other expenses | $294,262 |
| Total functional expenses | $13,367,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,669 |
| Savings and temporary cash investments | $193,602 |
| Pledges and grants receivable | $1,542,408 |
| Accounts receivable, net | $104,951 |
| 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 | $1,189,561 |
| Net Land, buildings, and equipment | $26,024,272 |
| Investments—publicly traded securities | $23,825,782 |
| Investments—other securities | $2,565,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,023,656 |
| Total assets | $60,029,989 |
| Accounts payable and accrued expenses | $569,457 |
| Grants payable | $0 |
| Deferred revenue | $722,708 |
| 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 | $3,302,355 |
| Other liabilities | $417 |
| Total liabilities | $4,594,937 |
| Net assets without donor restrictions | $38,139,470 |
| Net assets with donor restrictions | $17,295,582 |
| 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 | $60,029,989 |
Grants Awarded
Over the last fiscal year, Joyce Theater Foundation Inc has awarded $125,874 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMPLEXIONS PRODUCTIONS INC PURPOSE: DANCE CREATION | $5,000 |
EVIDENCE DANCE LLC PURPOSE: ADMINISTRATIVE | $120,874 |