Women's Project & Productions Inc

Nonprofit profile at a glance

EIN
133369451
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2127651706
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Reported finances

Revenue
$2,037,943
Expenses
$2,378,523
Assets
$3,827,302
Liabilities
$2,180,740

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Highest reported compensation

  • LISA MCNULTY (PRODUCING ARTISTIC DIRECTO): $144,909 total reported compensation
  • MICHAEL SAG (MANAGING DIRECTOR): $140,903 total reported compensation
  • CORA THOMAS (PLAYWRIGHT IN RESIDENCE): $114,325 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wp theater is the nation's oldest and largest theater company dedicated to developing, producing, and promoting the work of women+ at every stage of their careers. For over four decades we have served as leaders of a global movement towards gender parity, and the example we set and the artists we have fostered have grown into a robust, thriving community in theater and beyond. Wp empowers women+ artists of all kinds to reach their full potential, challenging preconceptions about the kinds of plays they write and the stories they tell.

What it reported doing in 2024

Wp labfounded in 1983, the wp lab is a unique, career-launching two-year mentorship and new play development program for 15 early-career women+ playwrights, directors, and producers (five in each concentration). The lab distinguishes itself as the only program in america that puts playwrights, directors, and producers together in the same room. Selected through a highly competitive process, lab members all receive a vital professional network, entrepreneurial and leadership training, free rehearsal space, and most significantly, opportunities for the development and production of bold new work for the stage. Lab has three main goals: to cultivate the work of women+ artists of all kinds, to give them the tools they need to succeed in the business, and to present their work to the world and theater industry through the biennial pipeline festival. The lab is recognizedfield-wide as the place to find the next generation of theater talent. In evaluating the success of the program we look at:1). Career trajectory: are lab artists receiving awards/other recognition, jobs at other theaters, commissions, etc. (ex: 2016 alum tamilla woodard was hired as wp's new associate artistic director in 2018, then named co-artistic director of working theater in 2020 andnow is the director of the acting department at the yale school of drama; 2016 alum rachel karpf was hired as wp's new artistic producer in 2018, and subsequently in 2020 was named director of programming for the New York times and then named vp of experience and live stage at paramount; 2012 alum stephanie ybarra was appointed artistic directorof baltimore center stage and is now a program officer at the mellon foundation; 2008 alum katori hall was nominated for a 2020 tony award for best book - musical for tina - the tina turner musical; 2012 alum sarah rasmussen was recently appointed artistic director of the mccarter theatre; 2010 alum rachel chavkin won the 2019 tony for best direction - musical for hadestown; 2008 alum maria goyanes was appointed artistic director of woolly mammoth theater);2). Project trajectory: are pipeline plays being produced, receiving awards, etc. (ex. 2018 alum sylvia khoury's play power strip premiered at lct3 in 2019; 2016 alum sarah burgess' play kings premiered at the public theater in 2018; 2018 alum leah nanako winkler's play two mile hollow had its simultaneous world premiere at first floor theater(chicago), mixed blood theatre/theater mu (minneapolis), ferocious lotus (san francisco), and artists at play (los angeles);3). Continued professional collaboration among lab members (ex. After meeting in the lab, 2016 alum danya taymor directed martyna majok's 2016 wp pipeline festival play queens at lct3; 2016-2018 lab collaborators sylvia khoury and tyne rafaeli went on to collaborate onsylvia's play power strip at lct3 and selling kabul at playwrights horizons after working together in the 2018 festival). In recent years, lab members have begun to receive major career opportunities even before the program ends: in our 2018-2020 cohort, rebecca martnez signed with her first agent, received three major regional premieres, and was hired as wp's associate artistic director before becoming the cohort collaborations director at one nation / oneproject; candis c. Jones was tapped to direct a mainstage production at the public theater (cullud wattah by erika dickerson-despenza); christina (cq) quintana and charly evon simpson were each hired to write on network television programs; marie cisco was hired as aproducer for lee daniels entertainment; and charly evon simpson received an overall deal at hbo, multiple regional premieres as well as her off-broadway debut, and won the 2019 lanford wilson award.

Operating model

Revenue model
Donor-supported. 71% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.7%; rating input score 97
  • Program expense ratio: 85.7%; rating input score 86
  • Fundraising efficiency: $5.83 raised per $1 spent on fundraising; rating input score 21; 21st 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: 88.9%; rating input score 89; 20th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -16.7%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 1.61; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 16.8%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 8.3% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 96.7% of revenue deployed · 85.7% of spending went to programs
  • Governance: 16 of 18 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $145K · 19 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 21/100.
  • High — Sustainability: Operating margin scored 8/100.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.