Mosaic Theater Company of Dc

Nonprofit profile at a glance

EIN
472641919
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2023997993
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$3,001,907
Expenses
$2,929,497
Assets
$1,999,565
Liabilities
$92,211

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

Leadership & pay

29 people listed

Executive titles in this filing

  • DAVID GROSSO (VICE PRESIDENT)
  • JEFFREY BANKS (VICE PRESIDENT)
  • CATHY SOLOMON (PRESIDENT)

Highest reported compensation

  • SERGE SEIDEN (MANAGING DIRECTOR): $110,776 total reported compensation
  • REGINALD L DOUGLAS (ARTISTIC DIRECTOR): $110,767 total reported compensation

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

Overview

Mission

Mosaic theater company of dc produces bold culturally diverse theater that illuminates critical issues, elevates fresh voices, and sparks connections among communities throughout our region and beyond. The company was incorporated in december 2014 in Washington, dc and is an independent not-for-profit corporation.

What it reported doing in 2024

The 10th anniversary, 2024-2025 season included five full productions: lady day at emerson's bar and grill by lanie robertson - an immersive nightclub experience of billie holiday's historic final performance in 1959; the art of care by derek goldman, a world premiere, devised theater experience, created in conjunction with georgetown university's lab for global performance and politics; out of character by and starring ari-el stachel, a world premiere co-production with theater j; cullud wattah, by erika dickerson-despenza, about the flint, Michigan water crisis; and andy warhol in iran, by brent askari.education and engagement: in partnership with 50+ organizations and individuals, mosaic presented 27 reflection series audience engagement events curated to deepen the audience experience and build community. Mosaic hosted 11 intergenerational matinee performances and curated post-show conversations for students and seniors attended by 1584 individuals including 826 students from schools from 8 wards across the city and beyond. Mosaic hosted its third annual high school playwriting contest including public readings of the three winning plays with professional actors at the martin luther king jr. Branch of the dc public library in march after holding workshops and one-on-one support to help students write original short plays.new play development: mosaic hosted developmental workshops and readings including: steph del rosso's precarious at the dc public library northeast branch and part of the community engaged theater program that develops new work in collaboration with community members and furthers conversations on social justice, racial diversity, and the importance of community; trish vradenburg new play commission recipient, paige hernandez' 7th street echo a coming of age story about a young woman in dc's go-go music scene; and postmortem, by marilyn ness, about one woman's reckoning with her difficult childhood, starring maddie corman, tovah feldshuh, and nancy robinette.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 94
  • Accountability: 91
  • Sustainability: 41
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.3%; rating input score 77
  • Program expense ratio: 78.6%; rating input score 79
  • Fundraising efficiency: $7.49 raised per $1 spent on fundraising; rating input score 28; 28th 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.3%; rating input score 93; 24th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.4%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.68; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 7.6%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: -1% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 77.3% of revenue deployed · 78.6% of spending went to programs
  • Governance: 28 of 30 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.3M in reported program spending
  • Leadership: top reported pay $111K · 29 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.