Black Theatre Coalition Inc

Nonprofit profile at a glance

EIN
851917024
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Brooklyn, NY, USA
Phone
9178811020
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Organizations

Reported finances

Revenue
$783,160
Expenses
$611,685
Assets
$643,917
Liabilities
$139,867

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Timothy Oliver Reid (President)
  • Warren Adams (Vice President)

Highest reported compensation

  • Timothy Oliver Reid (President): $143,000 total reported compensation
  • Warren Adams (Vice President): $88,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our vision is to reshape the working ecosystem for those who have been historically marginalized by removing barriers to access and opportunity for the next generation of talent.

What it reported doing in 2024

In the fourth year of the BTC/Broadway Across America (BAA) Regional Apprenticeship Program, we recently placed 12 apprentices at offices nationwide (including Ottawa, Canada). The Apprentices received an intensive 14-week education on Ticketing, Marketing, Programming, Business Intelligence, and Operations and concluded with a trip to New York, where they connected in person, networked with industry professionals, attended Broadway shows, and engaged with other early-career groups from the Broadway League, Theatre Leadership Project, and Beyond the Stage Door.Members of the 2025 Cody Renard Richard Scholarship cohort gathered in NYC for the annual weekend summitculminating on May 24 with a surprise Times Square billboard to welcome them to the city and celebrate five years of the program.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 92
  • Accountability: 35
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.4%; rating input score 56
  • Program expense ratio: 72.2%; rating input score 72
  • Fundraising efficiency: $6.66 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
  • Governance controls: 0 of 8 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 21.9%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 1.05; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 37.8%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 28.2% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 26.1% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 30.2% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 56.4% of revenue deployed · 72.2% of spending went to programs
  • Governance: 3 of 5 board members independent · 0 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $442K in reported program spending
  • Leadership: top reported pay $143K · 5 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • High — Accountability: Governance controls: 8 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.