The Present Theatre Company Inc
Nonprofit profile at a glance
- EIN
- 133673839
- IRS 990 coverage
- 2011–2017
- Forms available
- Form 990 2017
- Location
- New York, NY, USA
- Phone
- 9177453397
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $65,978
- Expenses
- $220,786
- Assets
- $29,762
- Liabilities
- $10,306
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- SHELLEY BURCH (PRESIDENT)
- ELENA K HOLY (TREASURER/EXECUTIVE DIRECTOR)
Highest reported compensation
- ELENA K HOLY (TREASURER/EXECUTIVE DIRECTOR): $95,031 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The present theatre company is indie | united. And together, we're
What it reported doing in 2017
While we celebrated the twentieth anniversary of the New York international fringe festival in 2017, we also took a one-year hiatus from producing the usual festival. A lot changed since we first envisioned the festival in the mid 90's; so we started from a blank canvas: re-evaluating everything about what a fringe festival wants and needs to be in 2018 and beyond. The blank canvas project included convenings, conversations, and a public blog - connecting with all of our constituencies and working with advocates and partners and aligned organizations to create the festival of the future. The resulting three year strategic plan (fringenyc 20/20) rebuilds the New York international fringe festival in a much stronger, more sustainable way - for our next twenty years.
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 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. The required major-donor schedule is missing or incomplete and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 75
- Accountability: 94
- Sustainability: 10
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 70.3%; rating input score 70
- Fundraising efficiency: $1.83 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 26th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -234.6%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 43%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: -18.9% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: -11.1% per year; rating input score 0; 34th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 70.3% of spending went to programs
- Governance: 8 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $155K in reported program spending
- Leadership: top reported pay $95K · 9 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes major donors
- Filing history: 7 filing years from 2011 to 2017
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 22/100.
- High — Sustainability: Operating margin scored 10/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Moderate — Transparency & Controls: Schedule D expense reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.