Theater for the New City Foundation Inc
Nonprofit profile at a glance
- EIN
- 132694851
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2122541109
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $1,753,519
- Expenses
- $1,282,740
- Assets
- $3,955,293
- Liabilities
- $128,515
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- CRYSTAL FIELD (President)
Highest reported compensation
- ALEXANDER BARTENIEFF (OPS MGR / BOD): $33,600 total reported compensation
- MARK MARCANTE (Director): $21,571 total reported compensation
- CRYSTAL FIELD (President): $19,875 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 theater produces and performs new work, mostly by american playwrights. Through the operation of a four theater facility, it also provides extensive outreach programs as well as experimental theater performances for the theater-going public. The theater also commissions new works from americas established and emerging playwrights and offers a training program with an extensive workshop series for performers in street theater as well as a playwright development program involving workshops and production.
What it reported doing in 2024
Community festival - the community festival program is a result of the theaters strong commitment to the community. Consisting of the village halloween costume ball and the lower east side festival of the arts, it gives low-income neighborhood residents and curious out-of-towners alike the opportunity to experience some of the artistic diversity of New York city for free. The halloween ball showcases over 200 artists and performers at a multi-level theatrical event, spill out onto the street, whose performances are free to the public. The lower east side festival of the arts is a free three-day weekend long extravaganza celebrating the cultural and artistic diversity of the lower east side. Arts in education - the theaters arts in education program is a 10-week afterschool program teaching creative expression through a variety of theatrical mediums. This program is held twice a year in the fall and spring. Approximately 20 students, ages 8 through 12, attend this program each session. This program helps students develop self-confidence through different disciplines of performance and many students have gone on to participate in other programs at the theater.
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 92% 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 90
- Accountability: 71
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.6%; rating input score 59
- Program expense ratio: 80.2%; rating input score 80
- Fundraising efficiency: $28.62 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 81.2%; rating input score 81; 18th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 26.8%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 3.08; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 5.9%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 58.6% of revenue deployed · 80.2% of spending went to programs
- Governance: 13 of 16 board members independent · 5 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1M in reported program spending
- Leadership: top reported pay $34K · 16 people listed
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 3 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 59/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 51/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.