Lucille Lortel Theatre Foundation Inc
- Assets
- $3.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1999
- Data as of
- 06/2022
- EIN
- 13-3995881
Organization Overview
Lucille Lortel Theatre Foundation Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucille Lortel Theatre 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 06/2022, Lucille Lortel Theatre Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 11.6% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUCILLE LORTEL THEATRE'S MISSION IS TO FOSTER BOTH NEW AND ESTABLISHED ARTISTS, INCREASE AWARENESS AND APPRECIATION OF OFF-BROADWAY, AND UPHOLD FAIR AND EQUITABLE BUSINESS AND ARTISTIC PRACTICES IN SERVICE OF CREATING A LARGER, MORE DIVERSE COMMUNITY OF THEATRE MAKERS AND AUDIENCES. ITS PROGRAMS INCLUDE NYC PUBLIC HIGH SCHOOL PLAYWRITING FELLOWSHIP, FELLOWSHIPS IN THEATRE AT BENNINGTON COLLEGE, THE LORTEL THEATRE MUSIC THEATRE LAB: IMMIGRANT EXPERIENCES AT THE NEW SCHOOL, LUCILLE LORTEL AWARDS AND PLAYWRIGHTS' SIDEWALK, LIVE AT THE LORTEL (A VIDEO INTERVIEW AND PODCAST SERIES) INTERNET OFF-BROADWAY DATABASE (IOBDB.COM), NON-PROFIT THEATRE STRATEGIC AND MANAGEMENT SERVICES, AND SUBSIDIZED THEATRE SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hecht President / Board Chairman | 1 | $0 | |
Matthew Clark Treasurer / Director | 1 | $10,000 | |
Ira Gilbert V/p / Secretary / Director | 1 | $0 | |
George Forbes VP / Executive Director | 30 | $134,751 | |
Jeffrey Shubart Senior Program Mgr | 30 | $87,690 | |
Nancy Hurvitz Senior Director | 30 | $87,690 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,807,821 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $119,286 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $360,168 |
| Total Revenue | $2,287,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $137,597 |
| Other employee salaries and wages | $485,160 |
| Pension plans, employee benefits | $125,559 |
| Interest | $0 |
| Taxes | $90,584 |
| Depreciation | $85,009 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $616 |
| Printing and publications | $0 |
| Other expenses | $536,850 |
| Total operating and administrative expenses | $1,798,675 |
| Contributions, gifts, grants paid | $34,500 |
| Total expenses and disbursements | $1,833,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $401,087 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,459,654 |
| Other assets | $2,400 |
| Total assets | $3,863,141 |
| Accounts payable and accrued expenses | $7,290 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $30,351 |
| Total liabilities | $37,641 |
Grants Awarded
Over the last fiscal year, Lucille Lortel Theatre Foundation Inc has awarded $34,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INDIE THEATER FUND PURPOSE: CULTURAL SOLIDARITY FUND | $1,000 |
7TH AVENUE SOUTH BID PARK SLOPE CIVIC COUNCIL INC PURPOSE: GENERAL CONTRIBUTION | $500 |
BENNINGTON COLLEGE PURPOSE: LUCILLE LORTEL THEATRE FOUNDATION FELLOWSHIPS IN THEATRE PROGRAM | $33,000 |