The Broadway League Inc
Nonprofit profile at a glance
- EIN
- 130951470
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2127641122
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $14,294,812
- Expenses
- $10,619,221
- Assets
- $23,794,424
- Liabilities
- $1,917,208
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
74 people listed
Executive titles in this filing
- JASON LAKS (PRESIDENT)
- CHARLOTTE ST MARTIN (President, thru 02/2024)
- LAUREN REID (PRESIDENT)
Highest reported compensation
- JASON LAKS (PRESIDENT): $627,885 total reported compensation
- ELLEN GREENWALD (CHIEF MARKETING OFFICER): $372,062 total reported compensation
- CHRISTOPHER BROCKMEYER (DIR. EMPLOYEE BENEFITS): $359,933 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The broadway league inc. (the "organization") is a not-for-profit corporation, which is the official trade association for the commercial theatre industry. The organization was formed in 1930 when broadway theatre operators came together to promote their common interests and negotiate collective bargaining agreements with theatrical unions and guilds. In subsequent years, the organization's mission expanded to include serving the various needs of theatrical producers in New York and of national touring shows, as well as presenters of touring productions in cities throughout north america. The organization is a full-service trade association dedicated to fostering increased interest in broadway theatre and supporting the creation of profitable theatrical productions. The organization's 700 plus member constituency consists of theatre owners/operators, producers, presenters, and general managers of broadway and touring legitimate theatrical productions in New York and over 240 cities acr
What it reported doing in 2024
To increase awareness of, and interest in, broadway theatre. To provide services on behalf of members including marketing programs and special events; labor, government, and media relations; industry and community interaction and maintenance of relevant research archives and databases.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- 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: 56
- Transparency & Controls: 66
- Accountability: 95
- Sustainability: 69
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55%; rating input score 55
- Program expense ratio: 77.4%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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; 66th 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: 25.7%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 2.24; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 37.4%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -3% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 14th percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 55% of revenue deployed · 77.4% of spending went to programs
- Governance: 59 of 59 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8.2M in reported program spending
- Leadership: top reported pay $628K · 74 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $1.1M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- Related organizations: 2 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.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.