Lucille Lortel Theatre Foundation Inc
- Assets
- $3.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1999
- Data as of
- 06/2021
- 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 06/2021, Lucille Lortel Theatre Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF LORTEL AWARDS FOR OUTSTANDING ACHIEVEMENT OFF BROADWAY. TICKET PROCEEDS FROM THE LORTEL AWARDS CEREMONY ARE USUALLY DIRECTLY TO AND BENEFIT THE ACTORS FUND OF AMERICA. HOWEVER, IN 2021, DUE TO COVID, THERE WAS NOT AN IN PERSON CEREMONY. INSTEAD, AN ONLINE PRESENTATION WAS OFFERED FREE TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Forbes VP / Executive Director | 30 | $122,382 | |
Jeffrey Shubart Senior Program Mgr | 30 | $60,242 | |
Nancy Hurvitz Senior Director | 30 | $58,131 | |
Alana Canty-Samuel General Manager | 40 | $55,606 | |
Matthew Clark Treasurer / Director | 1 | $2,500 | |
Michael Hecht President / Board Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $849,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $334,272 |
| Total Revenue | $1,183,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $122,382 |
| Other employee salaries and wages | $327,302 |
| Pension plans, employee benefits | $96,481 |
| Interest | $0 |
| Taxes | $65,760 |
| Depreciation | $84,915 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $216,139 |
| Total operating and administrative expenses | $1,220,855 |
| Contributions, gifts, grants paid | $31,500 |
| Total expenses and disbursements | $1,252,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $1,118,580 |
| 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 | $10,584 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,424,244 |
| Other assets | $0 |
| Total assets | $3,553,410 |
| Accounts payable and accrued expenses | $2,176 |
| 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 | $179,834 |
| Total liabilities | $182,010 |
Grants Awarded
Over the last fiscal year, Lucille Lortel Theatre Foundation Inc has awarded $31,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BENNINGTON COLLEGE PURPOSE: LUCILLE LORTEL THEATRE FOUNDATION FELLOWSHIPS IN THEATRE PROGRAM | $30,000 |
INDIE THEATER FUND PURPOSE: CULTURAL SOLIDARITY FUND | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |