Theatre Development Fund Inc
- Assets
- $10.7m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 152
- Location
- New York, NY
- Founding
- 03/1967
- Data as of
- 06/2022
- EIN
- 13-6216919
Organization Overview
Theatre Development Fund Inc is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Theatre Development Fund Inc employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Development Fund 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, Theatre Development Fund Inc generated $12.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $11.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TKTS BY TDF - THE TKTS TICKET BOOTHS SUPPORT TDF'S MISSION OF ENCOURAGING AND ENABLING DIVERSE AUDIENCES TO ATTEND THEATRE AND DANCE. THE TKTS BOOTHS, STARTING IN 1973 WITH ONE AND AT JUNE 30, 2023, NUMBERING TWO, SELL APPROXIMATELY 700,000 SAME-DAY DISCOUNTED TICKETS ANNUALLY TO BROADWAY AND OFF-BROADWAY THEATRE AND DANCE PERFORMANCES. TKTS ENABLES THEATREGOERS WHO CANNOT AFFORD FULL PRICE TICKETS TO ATTEND THEATRE, WHICH IN TURN SIGNIFICANTLY INCREASES ATTENDANCE. THE TKTS BOOTHS CLOSED IN MARCH 2020 DUE TO THE COVID RELATED SUSPENSION OF LIVE PERFORMANCES IN NEW YORK CITY. TKTS REOPENED IN SEPTEMBER 2022.
TDF MEMBERSHIP PROGRAM - THE MEMBERSHIP PROGRAM ALSO SUPPORTS TDF'S MISSION OF ENCOURAGING AND ENABLING DIVERSE AUDIENCES TO ATTEND THEATRE AND DANCE. ANNUALLY TDF MAKES POSSIBLE THE SALE OF APPROXIMATELY 570,000 DEEPLY-DISCOUNTED TICKETS TO BROADWAY, OFF-BROADWAY, AND OFF-OFF BROADWAY THEATRE AND DANCE PERFORMANCES TO OVER 115,000 TDF MEMBERS, WHO QUALIFY FOR MEMBERSHIP BY CERTIFYING THAT THEY BELONG TO ONE OF THIRTEEN CATEGORIES MAKING THEM ELIGIBLE FOR DISCOUNTED TICKETS.
TDF SCHOOLS AND COMMUNITY ENGAGEMENT - THE EDUCATION PROGRAM BUILDS AUDIENCES FOR THE THEATRE BY INTRODUCING YOUNG PEOPLE TO LIVE THEATRE AND PREPARING THEM TO ENGAGE AS AUDIENCES. APPROXIMATELY 12,000 NEW YORK CITY PUBLIC SCHOOL CHILDREN ARE BROUGHT TO THEATRE AND DANCE PERFORMANCES ANNUALLY AT NO COST TO THE SCHOOLS OR STUDENTS, AND IN ADDITION THESE YOUNG PEOPLE PARTICIPATE IN CLASSROOM WORKSHOPS, POST-PERFORMANCE DISCUSSIONS AND PLAYWRIGHTING WORKSHOPS DESIGNED TO ENHANCE AND CONTEXTUALIZE THEIR EXPERIENCE. TDF COMMUNITY ENGAGEMENT PROGRAMS WORK TO STRENGTHEN LOCAL AUDIENCES FROM EVERY BOROUGH AND NEIGHBORHOOD IN NEW YORK CITY, CURRENTLY WORKING WITH OVER 55 CENTERS OR AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Bailey Executive Director | OfficerTrustee | 35 | $291,642 |
Michael Naumann Managing Director | Officer | 35 | $236,120 |
Julian Christenberry Director Of Ticketing | Officer | 35 | $169,504 |
Owen Wiles Director Of Finance & Administ | Officer | 35 | $166,643 |
Whitney Estrin Director Of Development | 35 | $147,645 | |
Tymand Staggs Director Of Information Techno | Officer | 35 | $159,059 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Curb Gardner Creative Group Gala Production | 6/29/20 | $266,878 |
C2 Caption Coalition Inc Open Captioning | 6/29/20 | $154,842 |
Century Direct Llc Postage And Mailing | 6/29/20 | $114,086 |
Penn House Cleaners Costume Cleaning | 6/29/20 | $108,564 |
Tessitura Network Inc Technology | 6/29/20 | $101,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,606,610 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,075,898 |
| Noncash contributions included in lines 1a–1f | $9,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,682,508 |
| Total Program Service Revenue | $6,104,124 |
| Investment income | $71,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $671,371 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,739,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,000 |
| 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. | $820,196 |
| Compensation of current officers, directors, key employees. | $308,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,641,724 |
| Pension plan accruals and contributions | $227,983 |
| Other employee benefits | $925,438 |
| Payroll taxes | $529,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,981 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300,726 |
| Advertising and promotion | $30,348 |
| Office expenses | $952,618 |
| Information technology | $331,266 |
| Royalties | $0 |
| Occupancy | $1,081,446 |
| Travel | $21,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,564 |
| Insurance | $134,754 |
| All other expenses | $207,318 |
| Total functional expenses | $11,631,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,643 |
| Savings and temporary cash investments | $2,438,865 |
| Pledges and grants receivable | $494,644 |
| Accounts receivable, net | $159,473 |
| 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 | $252,236 |
| Net Land, buildings, and equipment | $1,078,661 |
| Investments—publicly traded securities | $4,522,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $841,950 |
| Total assets | $10,654,511 |
| Accounts payable and accrued expenses | $1,702,457 |
| Grants payable | $0 |
| Deferred revenue | $174,032 |
| 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 | $2,364,279 |
| Total liabilities | $4,240,768 |
| Net assets without donor restrictions | $5,293,688 |
| Net assets with donor restrictions | $1,120,055 |
| 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 | $10,654,511 |