Process Studio Theatre Inc

Nonprofit profile at a glance

EIN
132903468
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
New York, NY, USA
Phone
2128681040
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$82,988
Expenses
$61,614
Assets
$947,454
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Laurie Byrne (President & Dir)

People named in this filing

  • Stephanie Talley (Director)
  • Richard Sonnenshein (Director)
  • Bonnie Loren Artistic (Director & CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The PST's mission is to produce movies, readings, theatrical and musical presentations primarily for arts-starved and underserved populations. We showcase the emerging talent that PST nurtures through a variety of classes, workshops, and intensive tutorials. A volunteer organization at its core, PST attracts seasoned professionals to teach eager learners the full array of skills from set design and lighting to acting and vocal coaching. For more than 38 years, our organization has reached into the NYC communities in deepest need of advocacy and support including: children, the disabled, seniors, and those with debilitating or life-threatening illnesses.

What it reported doing in 2025

Conducted a variety of workshops and other programs at the Theatre and other locations. These included 3 staged readings of new plays, matching students with teachers and accompanists for learning new music, providing costumes and other props for productions, working on editing of unfinished projects, as well as providing encouragement for new artists working on new projects.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
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 most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 71
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.9%; rating input score 59
  • Program expense ratio: 79.3%; rating input score 79
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 25.8%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 15.38; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -5.8% per year; rating input score 0; 34th percentile among comparable filings
  • Revenue growth: -0.7% per year; rating input score 0; 54th percentile among comparable filings
  • Asset growth: 0.7% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 58.9% of revenue deployed · 79.3% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $49K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • 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 59/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Officer compensation ratio scored 58/100.