Project Y Theatre Inc
Nonprofit profile at a glance
- EIN
- 263881551
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-N 2016
- Location
- New York, NY, USA
- Phone
- 2022574049
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $61,132
- Expenses
- $73,609
- Assets
- $11,529
- Liabilities
- $10
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- TONY BIANCOSINO (BOARD PRESIDENT)
Highest reported compensation
- MICHOLE BIANCOSINO (SECRETARY): $845 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Project y produces new and innovative theatre by diverse playwrights, project y produces new and innovative theatre by diverse playwrights, with a focus on unheard voices and artists. We support new plays and playwrights that appeal to an audience interested in such themes as race, feminism, technology and community. We use video, film, and the internet as a means of not only staying connected to our audience, but as a new frontier for bringing theatre into peoples homes, computers and smart phones. With a focus on unheard voices and artists.
What it reported doing in 2024
Women in theatre festival in 2024 the women in theatre festival seeks to broaden the opportunities for women in the entertainment industry by producing new work by women with more than 50% female representation of all artists involved. There were 2 world premieres as a part of the festival: bygone fruit, by banna desta featuring antu yacob and directed by celestine rae and the pied piper of hamelin, by amina henry, directed by michole biancosino. Other projects included: the hrosthwitha project, which is aimed at reclaiming and celebrating the history of women in theatre, we commissioned adaptations of a play by the first woman playwright, 10th century abbess, hrosthwitha of gandersham from playwrights leon lone, elino t. Vanerburg, maya macdonald, divya mangwani, and alyssa haddad-chin, directed by tonia e. Anderson, michole biancosino, and aliza shane. In addition the women in theatre festival also series of master class workshops for actors and acting teachers in various physical, improvisational techniques to scenework. The festival took place from june 6-24 2024 at theatre 154, at 154 christopher street, nyc.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 81
- Accountability: 10
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 13th 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: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -20.4%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 24.1% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98% of spending went to programs
- Governance: 0 of 6 board members independent · 2 of 8 filing controls reported
- Programs: 5 filed program accomplishments · $72K in reported program spending
- Leadership: top reported pay $845 · 6 people listed
- Consistency: 17 of 18 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 7 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 20/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.