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New York BBB Wise Giving Report for
Roundabout Theatre Company

A BBB Accredited charity

 



Expiration Date:
08/2014
Name:
Roundabout Theatre Company
Address:
231 West 39th Street 12th Floor
New York, NY 10018
Phone:
212-719-9393
Year, State Incorporated:
1965, New York
Affiliates:
None
Stated Purpose:
" For the past 46 years, Roundabout's mission has been to provide a nurturing artistic home for theatre artists at all stages of their careers where the widest possible audience can experience their work at affordable prices. Roundabout fulfills its mission each season through the revival of classic plays and musicals, development and production of new works by established playwrights and emerging writers; educational initiatives that enrich the lives of children and adults; and a subscription model and audience outreach programs that cultivate loyal audiences. As the 18th largest not-for-profit cultural institution in New York City (and one of the largest not-for-profit theatres in the country), RTC reaches an annual audience over 600,000 and impacts over 6,000 students. RTC is a recognized industry leader with significant impact on New York City's theatre landscape. Roundabout productions have earned 29 Tony Award and 39 Drama Desk Awards. "





Evaluation Conclusions
 

              
Roundabout Theatre Company meets the 20 Standards for Charity Accountability.




Programs
 

              
RTC's School Partnerships comply with federal, state and city arts learning standards, including programming alignment with the NYC Department of Education's Blueprint for Arts Learning and the NY State standards intiative. Our Executive Director serves on the NYC Department of Education's Arts Education advisory task force. RTC strives to use theatre to enhance teacher practice and deepen student learning. Planning begins over the summer, working directly with principals to set objectives and implementation structure. Once in the implementation phase, teachers and Teaching Artists meet prior to every classroom visit to continue tweaking objectives.



Governance
 

              
Chief Executive Officer:
Mr. Todd Haimes, President/Artistic Director
Compensation*:
$416,104
Chair of the Board:
Mr. Thomas Tuft
Chair's Profession / Business Affiliation:
Chairman of Global Capital Markets Advisory
Board Size:
43
Paid Staff Size:
3823



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, telephone appeals, invitations to fund raising events, grant proposals, internet, planned giving arrangements.
Fund raising costs were 16.3% of related contributions. (Related contributions, which totaled $13,866,650, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Roundabout Theatre Company's Audited Financial Statements for the fiscal year ended August 31, 2011.

Source of Funds  

Admissions and subscriptions

$41,689,879

Grants and contributions: Government, foundations, corporations and individuals

12,012,927

Other income

3,046,578

Special event revenue

2,161,996

Investment income

2,067,450

Rental income (net of direct expenses)

1,404,927

Less: Direct benefits to donors

(308,273)

Total Income

$62,075,484

Program Expenses  

Steven Sondheim Theatre

$16,980,743

Studio 54

15,086,815

American Airlines Theatre

12,900,393

Steinberg Center

9,422,617

Education and Other Programs

1,551,777
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

55,942,345
2,263,776
2,533,525

$60,739,646

$1,335,838




Uses of Funds as a % of Total Expenses


Programs: 92%  Fund Raising: 4%  Administrative 4% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $74,332,141
Ending net assets 75,667,979
Total liabilities 35,006,643

Total assets

$110,674,622






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.