St Ann's Warehouse Inc

What it reported doing in 2024

Artistic seasonst. Ann's warehouse fills a vital niche on New York city's cultural landscape as an artistic home for the american avant-garde, international companies of distinction, and highly talented emerging artists ready to work on a grand scale. By virtue of its exciting programming profile, versatile performance space and tailored producing and marketing expertise, st. Ann's brings some of the world's most imaginative theater to New York city. Education, outreach, and empowerment foster vital connections, opening our programming and our building to our city's rich array of people and communities. In addition, st. Ann's has emerged as a major partner in activating found spaces through preservation, adaptive re-use, cultural and community uses.the 2024-2025 45th anniversary season reinforced st. Ann's mission as a presenter and producer of adventuresome global performing artists. Programming embraced a radical reinterpretation of classics, launched new works, and offered free public art. Bold productions from the u.k., australia, and ireland challenged assumptions about our past, interrogated the present political age, and extended the boundaries of art-making. The season ran july to may with 76 performances. 39,106 people attended shows in our theater, and thousands more engaged with free programming in brooklyn bridge park. The season opened with a large-scale free outdoor concert, rhapsody for this land, celebrating the 100th anniversary of gershwin's "rhapsody in blue." musician arturo o'ferrill returned to st. Ann's warehouse for a one-night performance on december 14. From november 12 - december 1, australia's pony cam theatre collective made their u.s. Debut with burnout paradise, a frenetic wager with the audience and race against time. This production helped launch the company and they are performing an extended New York run in the spring. St. Ann's warehouse presented our first iranian production, blind runner (january 4-24), produced by mehr theatre group, performed in farsi with english supertitles. One of our longest irish collaborators, enda walsh, returned for his tenth show at st. Ann's, safe house, a performance and song cycle presented in partnership with irish arts center (feb 15-march 1). From london's donmar warehouse, chekhov's the cherry orchard was brilliantly reimagined through a contemporary lens by director benedict andrews, earning a New York times critics' pick. Additionally, st. Ann's warehouse partnered with the brooklyn academy of music to bring barrie kosky's sleek and sly send up of brecht's the threepenny opera to bam's opera house (april 3-6). Programming was augmented by free educational and community events that welcomed our neighbors into our theater, many for the first time.

Financial Efficiency

• Mission deployment rate: 71.6%; rating input score 72
• Program expense ratio: 70.6%; rating input score 71
• Fundraising efficiency: $6.21 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 90.5%; rating input score 90; 21st percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -2.1%; rating input score 26; 26th percentile among comparable filings
• Total-asset coverage ratio: 3.74; rating input score 79; 79th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 25.2%; rating input score 8; 8th percentile among comparable filings

Growth

• Program expense growth: 3.4% per year; rating input score 100; 30th percentile among comparable filings
• Revenue growth: -1% per year; rating input score 0; 9th percentile among comparable filings
• Asset growth: 0.1% per year; rating input score 100; 12th percentile among comparable filings