Theatre Forward INC

New York, NYUnknown exempt organizationEIN 13-2913176

Theatre Forward advances American theatre and its communities by providing funding and other resources to the countrys leading nonprofit theatres.

78¢ of each $1 spent went to programs.
Run by 33 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $118K a year · 10% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$160K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Named funders
1
named funder · $22
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$123K
-90% vs prior year
Spent
$814K
To programs
78%
Net assets
$0
By yearFY2020–FY2023
Revenue
$123K
FY2023▼ -90%
Revenue by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$1.3M
FY2023$123K
Expenses
$814K
FY2023▼ -46%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.5M
FY2023$814K
Net assets
$0
FY2023▼ -100%
Net assets by fiscal year
FY2020$972K
FY2021$933K
FY2022$691K
FY2023$0

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $633K Management & general 12% · $94K Fundraising 11% · $87K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

29 people listed on the 990; $160K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Dir.
$160,000Pt VII · Sec A
President
$0Pt VII · Sec A
VP (through 7/22)
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer (through 6/23)
$0Pt VII · Sec A
Director (through 4/23)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Gretchen Shugart$160,000———
Gretchen Shugart—$160,000——
Bruce Whitacre———$136,336
Gretchen E Shugart——$118,394—
Carl Sylvestre——$115,108$110,888

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds and resources support America's leading nonprofit theaters and their communities.

Provided by the organization

This section is blank until Theatre Forward INC claims this page.

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1 program service account for $633K of program spending, described in the organization's own filed words · FY2022.
01

During the 2022-2023 fiscal year, theatre forward raised and distributed funds on behalf of nonprofit theatres to support general operations through its annual fund. Theatre forward continued to administer the bank of america activate awards to promote equity, diversity and inclusion (edi) in nonprofit theatres and their communities by…

$633Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$22

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$123K
Ln 12
Gifts and grantsLn 1h$114K
Investment incomeLn 3$5K
Fees for servicesLn 2g$3K
Money outPt IX
$814K
Ln 25
Programscol B$633K
Managementcol C$94K
Fundraisingcol D$87K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
29
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$114K
Fees for servicesLn 2g$3K
Investment incomeLn 3$5K
Other incomeLn 4–11$1K
Total revenueLn 12$123K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 56
VolunteersI 633
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$851K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$763$0
Total assetsLn 16$887K$0
LiabilitiesLn 26$195K$0
Net assetsLn 32$691K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$160K$94K$16K$50K
Other salaries and wagesLn 7$11K$1K$10K
Other employee benefitsLn 9$7K$4K$658$2K
Payroll taxesLn 10$13K$7K$1K$5K
Accounting feesLn 11c$52K$52K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$963$963
Office expensesLn 13$5K$3K$688$2K
Information technologyLn 14$5K$3K$522$2K
OccupancyLn 16$26K$14K$3K$9K
TravelLn 17$128$128
Depreciation, depletion and amortizationLn 22$763$420$77$266
InsuranceLn 23$10K$6K$1K$4K
Other expenses (24a–d)Ln 24$510K$502K$8K$64
All other expensesLn 24e$8K$199$4K$4K
Total functional expensesLn 25$814K$633K$94K$87K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $123K$814K−$691K$0 990 PDF
FY2022 $1.3M$1.5M−$242K$691K 990 PDF
FY2021 $1.5M$1.5M−$39K$933K 990 PDF
FY2020 $1.7M$1.2M$499K$972K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $122,759 across 6 lines filed
VIII-1f All other contributions, gifts and grants$113,528
VIII-1h Total contributions, gifts and grants$113,528
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,680$2,680
VIII-3 Investment incomeExcluded from tax $5,223$5,223
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,328$1,328
VIII-12 Total revenueRelated to mission $2,680 · Unrelated business $0 · Excluded from tax $6,551$122,759
Part IX · Statement of functional expenses $814,111 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $93,938 · Management $16,000 · Fundraising $50,062$160,000
IX-7 Other salaries and wagesManagement $1,080 · Fundraising $9,717$10,797
IX-9 Other employee benefitsPrograms $3,620 · Management $658 · Fundraising $2,304$6,582
IX-10 Payroll taxesPrograms $7,176 · Management $1,305 · Fundraising $4,566$13,047
IX-11c Accounting feesManagement $51,600$51,600
IX-11g Other fees for servicesManagement $5,979$5,979
IX-12 Advertising and promotionManagement $963$963
IX-13 Office expensesPrograms $2,751 · Management $688 · Fundraising $1,750$5,189
IX-14 Information technologyPrograms $2,869 · Management $522 · Fundraising $1,828$5,219
IX-16 OccupancyPrograms $14,157 · Management $2,574 · Fundraising $9,009$25,740
IX-17 TravelPrograms $128$128
IX-22 Depreciation, depletion and amortizationPrograms $420 · Management $77 · Fundraising $266$763
IX-23 InsurancePrograms $5,651 · Management $1,028 · Fundraising $3,596$10,275
IX-24 Other expenses (24a–d)Programs $502,161 · Management $7,556 · Fundraising $64$509,781
IX-24e All other expensesPrograms $199 · Management $3,724 · Fundraising $4,125$8,048
IX-25 Total functional expensesPrograms $633,070 · Management $93,754 · Fundraising $87,287$814,111
Part X · Balance sheet $0 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $182,932$0
X-2 Savings and temporary cash investmentsStart of year $667,966$0
X-3 Pledges and grants receivableStart of year $6,048$0
X-4 Accounts receivableStart of year $5,200$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $16,162$0
X-10c Land, buildings and equipment, netStart of year $763$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $7,500$0
X-16 Total assetsStart of year $886,571$0
X-25 Other liabilitiesStart of year $8,357$0
X-26 Total liabilitiesStart of year $195,219$0
X-27 Net assets without donor restrictionsStart of year $622,352$0
X-28 Net assets with donor restrictionsStart of year $69,000$0
X-32 Total net assets or fund balancesStart of year $691,352$0
X-33 Total liabilities and net assetsStart of year $886,571$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$122,759
XI-2 Total expenses$814,111
XI-3 Revenue less expenses−$691,352
XI-4 Net assets at start of year$691,352
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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