Miami New Drama Inc
- Assets
- $1.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 169
- Location
- Miami, FL
- Founding
- 03/2015
- Data as of
- 09/2023
- EIN
- 47-1690840
Organization Overview
Miami New Drama Inc is located in Miami, FL. The organization was established in 2015. 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 09/2023, Miami New Drama Inc employed 169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami New Drama 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 09/2023, Miami New Drama Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $4.3m during the year ending 09/2023. While expenses have increased by 44.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THEATRE PRODUCTION INCLUDING AN ECLECTIC MIX OF ORIGINAL PLAYS, MUSICALS, CLASSICS AND WORLD PREMIERS FEATURING SPECIALLY COMMISSIONED WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTILINGUAL ADAPTATION OF THORNTON WILDERS CLASSIC OUR TOWN, THE CUBANS BY MICHAEL LEON, CONFESSIONS OF A COCAINE COWBOY BY BILLY CORBEN & AURIN SQUIRE, QUEEN OF BASEL BY HILARY BETTIS, VIVA LA PARRANDA BY BETSAYDA MACHADO AND LA PARRANDA EL CLAVO IN COLLABORATION WITH JUAN SOUKI, AND GENTE OCIOSA BY KARIN VALECILLOS. MIAMI NEW DRAMA IS THE WINNER OF TWO KNIGHT ARTS CHALLENGE AWARDS AND A KNIGHT NEW WORKS MIAMI AWARD FROM THE JOHN S. AND JAMES L. KNIGHT FOUNDATION. IT WAS THE 2018 MIAMI NEW TIMES BEST THEATER FOR DRAMA. ALONGSIDE THEIR MAIN PRODUCTIONS, MIAMI NEW DRAMAS EDUCATION PROGRAM SERVES THOUSANDS OF STUDENTS IN MIAMI-DADE COUNTY THROUGH ITS IN-SCHOOL RESIDENCIES, CITY OF MIAMI BEACH STEAM PROGRAM, SCHOOL TOURS, STUDENT MATINEES AND YEAR-ROUND THEATER INTENSIVES. THESE PROGRAMS ARE COORDINATED DIRECTLY WITH MIAMI-DADE COUNTYS ADMINISTRATORS, EDUCATORS, AND LOCAL BUS COMPANIES TO PROVIDE A THEATER EXPERIENCE AT NO COST TO SCHOOLS OR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michel Hausmann Director | Trustee | 40 | $128,077 |
Nicholas Richberg Managing Dir | Officer | 40 | $90,000 |
Rudolph Aragon Director | Trustee | 1 | $0 |
Steven Bandel Director | Trustee | 1 | $0 |
Gerry Barad Director | Trustee | 1 | $0 |
Gary Farmer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,789,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,137,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,927,369 |
| Total Program Service Revenue | $1,645,021 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,637,706 |
| 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. | $153,388 |
| Compensation of current officers, directors, key employees. | $30,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,555,667 |
| Pension plan accruals and contributions | $4,166 |
| Other employee benefits | $51,469 |
| Payroll taxes | $129,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $883,473 |
| Advertising and promotion | $421,536 |
| Office expenses | $111,043 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,614 |
| Travel | $323,894 |
| 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 | $12,283 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,347,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $934,527 |
| 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 | $452,890 |
| Net Land, buildings, and equipment | $270,242 |
| Investments—publicly traded securities | $52,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,136 |
| Total assets | $1,914,747 |
| Accounts payable and accrued expenses | $350,808 |
| Grants payable | $0 |
| Deferred revenue | $431,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $333,000 |
| Secured mortgages and notes payable | $315,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $145,244 |
| Total liabilities | $1,575,885 |
| Net assets without donor restrictions | -$547,388 |
| Net assets with donor restrictions | $886,250 |
| 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 | $1,914,747 |