The Theatre of the Emerging American Moment Inc

What it reported doing in 2024

In FY25, the TEAM proudly sustained all of our major programs, including showcasing our major new work, RECONSTRUCTING, for the first time. We employed over 90 artists, maintained a lean staff of two full-time employees and three part-time employees, and expanded our operational capacity by joining ArtsPool, a cooperative that provides robust financial and workforce services to small organizations like ours. In October 2024, RECONSTRUCTING, our collectives major new work of theater about race and intimacy, had its first public showings at BAM as a part of Emerging Visions, a pilot initiative of the Next Wave festival. These public performances were the culmination of a 7-week intensive, during which we finished, staged, and teched the show through residencies at Mercury Store, Target Margin, and BAM. Our run at BAM sold out within weeks of going on sale, attracted great press attendance, and was named one of Vultures Shows We Cant Wait to See This Fall. Through these public showings, RECONSTRUCTING reached 1,000+ audience members, including longtime TEAM fans, BAMs audiences, and educational groups (from a high school theater ensemble to CUNY science majors). Dozens of national presenters and NYC producing institutions attended and followed up afterwards to discuss opportunities to support or program the piece in future seasons. Petri Projects, the TEAMs development lab, provides financial and producorial support to new theatrical works by artists in our community, where there is a field-wide lackfor early-stage projects and experimental and marginalized voices. Petri has proven itself to be a crucial offering in the New York City new work development pipeline. Several works that started with Petri have gone on to full productions at leading Off-Broadway institutions. This year, James Harrison Monacos TRAVELS, which received its first funding from Petri, made its world premiere at Ars Nova, and Flako Jimenezs MERCEDES premiered at BAM. In the 24-25 season we devoted an additional $20K to build out the to include our rigorous panel process, a community-centric cohort experience, and a celebratory culminating eventall to keep pace with the growing application pool and value of the program to our artists and audiences. Since 2017, Petri has funded 40+ projects, with66% le.The 24-25 cohort includes: Ato Blankson-Wood, Eric Emauni, Amyra Len, Curtis Holland, Leo Lion, and newly instated Petri Process Director Libby King.Projects ranged from an opera tracing a Black womans experience of medical racism to a movement-based meditation on the art of being a mom. The year culminated with the Petri Potluck, where audiences witnessed excerpts from all 24-25 Petri artists, including an opera on endometriosis, a dance embodying the mundanities and miracles of motherhood, and a Dionysian monologue. The event was held at the Bushwick Starr and was completely sold out.LIVE FROM MOUNT OLYMPUS: Produced in partnership with the Onassis Foundation and written by Nathan Yungerberg, LFMO is a free theatrical podcast that offers contemporary retellings of Greek myths, made accessible by telling them through a diverse cast of voices and colloquial 21st century language. Named one of the Best Podcasts for Kids by the LA Times, LFMO has reached almost 2 million total downloads nationally. In 2024, the series was educationally licensed with inquirED, an organization introducing inquiry-based learning to classrooms, and is now accessible in 1,600 schools across the US.In 2024-25, we released LFMOs 6th seasons, which tells the story of Theseus and Ariadne. The cast of over 30 voice actors featured a mix of veteran TEAM artists, including the legendary Andr De Shields, and young performers from Epic Theater Ensemble, an org that offers theater training to high school and college-aged students from Harlem and the South Bronx. Through this relationship with Epic, LFMO strengthens the pipeline of young actors working to make a career in theater and voice acting

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 81.5%; rating input score 82
• Fundraising efficiency: $4.57 raised per $1 spent on fundraising; rating input score 15; 15th 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: 53.8%; rating input score 54; 12th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • 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: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -55.5%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 0.21; rating input score 10; 10th percentile among comparable filings
• Liabilities to assets ratio: 0.15; rating input score 36; 36th percentile among comparable filings
• Officer compensation ratio: 20.6%; rating input score 14; 14th percentile among comparable filings

Growth

• Program expense growth: 12.3% per year; rating input score 100; 69th percentile among comparable filings
• Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
• Asset growth: 13.1% per year; rating input score 100; 68th percentile among comparable filings