New Art City Theatre

What it reported doing in 2024

New art city theatre (nact) is an incubator of new works for the american stage. Launched in early 2023, the artistic aim is to find and develop plays and musicals originating from both emerging playwrights as well as established artists in the field. These effors at nact are rooted in community-building, ensuring that the experiece of artist and audience are given equal consideration when the company produces work that fulfills its mission to promote unity, inspire curiosity, and provide joy. Organizational goals are reached through: -new art city theatre's festival of new works - an annual four-day festival of new plays and musicals that takes place once a year and plays hosts to writers from across the nation. For six weeks each year, nact accepts submissions of plays or musicals from writers who reside anywhere in the USA. Each submission is assessed by multiple readers as part of a months- long blind screening process requiring the help of a 40-50 person volunteer team, all overseen by the artistic leadership at the company. At the completion of the reading rounds, four new plays or musicals are selected to be presented at the festival. Nact brins the writers to souther California for an intensive week-long residency where they're given the resources of time, space, materials, professional actors, and directors. Each project is brought to life a public staged readings where tickets are free. Audience feedback is encouraged at post-show talk backs where authors and attendees exchange ideas in a positive and structured format. -in the studio series - added to nact programming in 2025, the in the studio reading series is a collaboration between nact and studio channel islands in camarillo, ca where works that may or may not have already been read at nact are present to attendees for feedback at post-show talkbacks. This series is also presented to the community free of charge.

Financial Efficiency

• Mission deployment rate: 50.8%; rating input score 51
• Program expense ratio: 62%; rating input score 62
• Fundraising efficiency: $17.11 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th 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: 42.9%; rating input score 43; 16th percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • 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: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 18.2%; rating input score 72; 72nd percentile among comparable filings
• Total-asset coverage ratio: 0.87; rating input score 37; 37th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 34; 34th percentile among comparable filings
• Officer compensation ratio: 31.3%; rating input score 10; 10th percentile among comparable filings

Growth

• Program expense growth: 14.5% per year; rating input score 100; 78th percentile among comparable filings
• Revenue growth: 49.6% per year; rating input score 100; 97th percentile among comparable filings
• Asset growth: 76.8% per year; rating input score 100; 98th percentile among comparable filings