The Play Production Company Inc
Nonprofit profile at a glance
- EIN
- 311630552
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2123982977
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $669,196
- Expenses
- $761,155
- Assets
- $509,288
- Liabilities
- $342,593
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Highest reported compensation
- Robert Bradshaw (Exec. Producer): $83,928 total reported compensation
- Kate Loewald (Secretary): $82,880 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 Play Company is an Obie Award-winning Off-Broadway theatre dedicated to producing new work by adventurous writers from the U.S. and abroad.
What it reported doing in 2024
The play company commissions, develops and produces new plays, from the u.s and around the globe, to create a contemporary theatre that reflects and responds to both our nyc home and today's interconnected world. We champion new and marginalized voices to expand the repertoire of artists represented on u.s. Stages. We commit to affordable access and collaborative community engagement, welcoming all audiences to join us in exploring the meaning of our time through theatrical experiences.our recent programs included one new work/new world production, one studio production, two studio workshops, twenty community programs, one national tour, and a u.s. Artist residency in catalonia. The world premiere of "amm(i)gone" (u.s.), presented 26 performances. The studio premiere of "survival" (south africa) with the africa center and in association with national black theatre, presented 1 studio performance. We produced studio workshops of "the nicest body ever seen around these parts" (catalonia) and an untitled play (u.k.). Our "idea lab" series presented 20 community engagement events. We launched a national tour of "amm(i)gone" with woolly mammoth theatre company. We sent a u.s. Artist to catalonia for a 3-week artist residency of his play. For more information, please visit www.playco.org
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 92
- Accountability: 78
- Sustainability: 18
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 70.4%; rating input score 70
- Fundraising efficiency: $9.72 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 23rd 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: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -13.7%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.67; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.67; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 21.9%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 9.9% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 70.4% of spending went to programs
- Governance: 9 of 10 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $536K in reported program spending
- Leadership: top reported pay $84K · 11 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- High — Sustainability: Operating margin scored 13/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 13/100.