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New York BBB Wise Giving Report for
Theater for the New City Foundation

 


  • Does not meet all standards

Expiration Date:
05/2016
Name:
Theater for the New City Foundation
Address:
155 First Avenue
New York, NY 10003
Phone:
212-254-1109
Year, State Incorporated:
1970, New York
Affiliates:
None
Stated Purpose:
" Theater For the New City (TNC) is a Pulitzer Prize-winning center for the creation and performance of new American theater, now in its 40th season of operation. Each year, TNC premieres more than 35 new full-length dramas, comedies and musicals, at least ten of which are by emerging and young playwrights. TNC believes that "theater is a civic necessity, not a luxury." In detail, TNC's mission is to: discover relevant new writing and to nurture new playwrights; be a bridge between playwright, experimental theater artist, and the ever growing audiences in the community; create spaces where a new vision can breathe and be nourished by a working process not subject to commercial constraints and pressures; create events and ways in which to bring theater into the community and bring the community into theater; involve disadvantaged youngsters in theater arts in order to focus their energies towards creativity and achievement; integrate theater arts as a wishing tool into the academic school curriculum. "





Evaluation Conclusions
 

              
Theater for the New City Foundation (TNC) does not meet the following Standard for Charity Accountability.

Standard 4 : Compensated Board Members - Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.

  • The organization does not meet this standard since three (3) members out of the 22 member board of directors (13.6%) are compensated either directly or indirectly.


Theater for the New City Foundation (TNC) meets the remaining 19 Standards for Charity Accountability.




Programs
 

              
TNC is unique in the city in its long-standing commitment to making theater accessible to all New Yorkers through its Community Festival Program, including: The annual Street Theater Tour, which brings a 50-member company to 13 multi-ethnic and low-income neighborhoods in all five boroughs of New York City; the Village Halloween Costume Ball and the Lower East Side Festival of the Arts, which between them present the work of hundreds of performing artists to festive audiences of about 6,000, largely free of charge; the Free Ticket Program, which distributes about 4,000 free tickets to over 100 participating community organizations, youth groups and senior centers throughout the five boroughs; and the After-School Theater Arts Program, a bi-annual 9-week program that introduces teens with little exposure to the arts to every facet of theater arts, including puppetry, mask-making, and script- and song-writing.



Governance
 

              
Chief Executive Officer:
Ms. Crystal Field, Executive Artistic Director
Compensation*:
$19,500
Highest Paid Executive:
Mr. Alexander Barteneiff, Lighting Director
Compensation*
: $28,600
Chair of the Board:
Ms. Janet Piontek
Chair's Profession / Business Affiliation:
Realtor/Janet Piontek Real Estate
Board Size:
22
Paid Staff Size:
9



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




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, internet
Fund raising costs were 6.3% of related contributions. (Related contributions, which totaled $680,250, 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 TNC's Audited Financial Statements for the fiscal year ended June 30, 2013.

Source of Funds  

Contributions

$566,451

Box Office Receipts

204,724

Government Grants

102,332

Rental Income

94,571

Other

39,872

Gross Benefit Income (Net)

11,467

Interest

185

Total Income

$1,019,602

Program Expenses  

Resident Theater

$455,089

Presenting Theater

114,271

Street Theater

110,644

Community Festival

50,193

Arts in Education

35,512
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

765,709
43,116
114,281

$923,106

$96,496




Uses of Funds as a % of Total Expenses


Programs: 83%  Fund Raising: 5%  Administrative 12% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $1,859,364
Ending net assets 1,955,860
Total liabilities 59,635

Total assets

$2,015,495






 

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