The Theater Project a Nj Nonprofit Corporation

Nonprofit profile at a glance

EIN
452256837
IRS 990-EZ coverage
2012–2025
Forms available
Form 990-EZ 2025, Form 990-N 2011
Location
Union, NJ, USA
Phone
9733038563
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$144,309
Expenses
$103,145
Assets
$93,692
Liabilities
$1,645

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • KEVIN CARVER (President)

People named in this filing

  • KEVIN CARVER (President)
  • GARY GLOR (Treasurer)
  • HOLLEY BROWN (Trustee)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The theater project is dedicated to the presentation of powerful and relevant productions that explore contemporary values and topic issues in an intimate and engaging setting. Dedicated to strengthening the bond our professional artists have with our patrons, the theater project provides our central nj community with a broad range of affordable programing ranging from rarely seen productions to educational offerings and programs supporting the next-generation of actors and playwrights to a safe developmental environment for the cultivation of new plays by authors of all ages.

What it reported doing in 2025

The theater project produced powerful and relevant productions that explore contemporary values and topic issues. The theater project provided a broad range of affordable programing to its central nj community.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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 a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 100
  • Sustainability: 61
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.6%; rating input score 57
  • Program expense ratio: 79.2%; rating input score 79

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 28.5%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 0.91; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 7.7%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -3.4% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: 0.3% per year; rating input score 100; 20th percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 56.6% of revenue deployed · 79.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $82K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2012 to 2025
  • 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 — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.