Theatre Forward INC FY2020 filing

New York, NYUnknown exempt organization EIN 13-2913176Revenue $1.7M in FY2020

On file with the IRStheatreforward.org505 Eighth Avenue Suite 2504 · New York, NY

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

70¢ of each $1 spent went to programs.
$247K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$247K
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
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$113K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 32 voting members
Looks good: 31 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$1.2M
To programs
70%
Net assets
$972K
By yearFY2020–FY2023
Revenue
$1.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$1.3M
FY2023$123K
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.5M
FY2023$814K
Net assets
$972K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$972K
FY2021$933K
FY2022$691K
FY2023$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

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

70 cents of each dollar spent went to programs.

Program services 70% · $868K Management & general 10% · $129K Fundraising 20% · $249K

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

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Who runs it and what they're paid

34 people listed on the 990; $247K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Execdirthru3/20
$136,336Pt VII · Sec A
Dir of Development
$110,888Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Gretchen Shugart$160,000$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.

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Provided by the organization

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1 program · $868K · in their own filed words · FY2019
01

During the 2019-2020 fiscal year, Theatre Forward fundraised on behalf of nonprofit theatres through its Annual Fund and annual gala. When the Covid 19 pandemic necessitated cancellation of the gala, patrons converted their gala donations to the Annual Fund.

$868Kprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$70K
Money outPt IX
$1.2M
Ln 25
Programscol B$868K
Managementcol C$129K
Fundraisingcol D$249K
Owns and owesPt X
$972K
net assets · Ln 32
Cash and savingsLn 1–2$950K
Total assetsLn 16$1.1M
LiabilitiesLn 26$113K
PeoplePt VI, VII
34
listed · VII A
PaidVII A2
Voting boardVI 1a32
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$70K
Gains on assetsLn 7$0
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$88K
SavingsLn 2$862K
Cash and savings togetherLn 1–2$950K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$8K
Total assetsLn 16$1.1M
LiabilitiesLn 26$113K
Net assetsLn 32$972K
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 FY20End FY20
Cash and savingsLn 1–2$549K$950K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$431$1K
Total assetsLn 16$728K$1.1M
LiabilitiesLn 26$255K$113K
Net assetsLn 32$473K$972K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$162K$97K$16K$49K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$218K$106K$23K$90K
Pension plan contributionsLn 8$4K$2K$418$1K
Other employee benefitsLn 9$43K$22K$4K$16K
Payroll taxesLn 10$27K$14K$3K$10K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$123K$84K$39K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$16K$2K$12K$2K
Information technologyLn 14$11K$6K$1K$4K
RoyaltiesLn 15$0
OccupancyLn 16$53K$28K$5K$19K
TravelLn 17$5K$5K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$531$104$366
InsuranceLn 23$8K$4K$779$3K
Other expenses (24a–d)Ln 24$535K$490K$45K
All other expensesLn 24e$39K$7K$23K$10K
Total functional expensesLn 25$1.2M$868K$129K$249K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $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 Viewing $1.7M$1.2M$499K$972K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,745,097 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,411,228$1,675,442
I-9 Program service revenuePrior year $73,375$69,655
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,484,603$1,745,097
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $430,901$454,017
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $813,535$792,127
I-18 Total expensesPrior year $1,244,436$1,246,144
I-19 Revenue less expensesPrior year $240,167$498,953
Part VI · Governance 31 of 32 board members independent, 1 to look at
VI-1a Voting members of the governing body32
VI-1b Independent voting members31
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,745,097 across 10 lines filed
VIII-1b Membership dues$156,000
VIII-1f All other contributions, gifts and grants$1,519,442
VIII-1h Total contributions, gifts and grants$1,675,442
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,655$69,655
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $69,655$1,745,097
Part IX · Statement of functional expenses $1,246,144 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $97,328 · Management $16,222 · Fundraising $48,664$162,214
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $105,563 · Management $22,790 · Fundraising $90,090$218,443
IX-8 Pension plan contributionsPrograms $2,164 · Management $418 · Fundraising $1,496$4,078
IX-9 Other employee benefitsPrograms $21,653 · Management $4,394 · Fundraising $16,469$42,516
IX-10 Payroll taxesPrograms $14,203 · Management $2,745 · Fundraising $9,818$26,766
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $83,942 · Management $38,840$122,782
IX-12 Advertising and promotionManagement $1,564$1,564
IX-13 Office expensesPrograms $2,355 · Management $12,104 · Fundraising $1,627$16,086
IX-14 Information technologyPrograms $5,876 · Management $1,136 · Fundraising $4,062$11,074
IX-15 Royalties$0
IX-16 OccupancyPrograms $27,983 · Management $5,410 · Fundraising $19,344$52,737
IX-17 TravelPrograms $5,275$5,275
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $531 · Management $104 · Fundraising $366$1,001
IX-23 InsurancePrograms $4,033 · Management $779 · Fundraising $2,788$7,600
IX-24 Other expenses (24a–d)Programs $489,683 · Fundraising $44,890$534,573
IX-24e All other expensesPrograms $7,202 · Management $22,702 · Fundraising $9,531$39,435
IX-25 Total functional expensesPrograms $867,791 · Management $129,208 · Fundraising $249,145$1,246,144
Part X · Balance sheet $1,084,968 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $104,920$87,614
X-2 Savings and temporary cash investmentsStart of year $444,172$862,093
X-3 Pledges and grants receivableStart of year $123,329$20,298
X-4 Accounts receivableStart of year $6,500$3,900
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $41,329$102,420
X-10c Land, buildings and equipment, netStart of year $431$1,143
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$7,500
X-16 Total assetsStart of year $728,181$1,084,968
X-17 Accounts payable and accrued expensesStart of year $204,181$15,779
X-19 Deferred revenueStart of year $50,793$11,144
X-24 Unsecured notes and loans payable$77,603
X-25 Other liabilities$8,282
X-26 Total liabilitiesStart of year $254,974$112,808
X-27 Net assets without donor restrictionsStart of year $186,207$416,190
X-28 Net assets with donor restrictionsStart of year $287,000$555,970
X-32 Total net assets or fund balancesStart of year $473,207$972,160
X-33 Total liabilities and net assetsStart of year $728,181$1,084,968
Part XI · Reconciliation of net assets $972,160 net assets at year end
XI-1 Total revenue$1,745,097
XI-2 Total expenses$1,246,144
XI-3 Revenue less expenses$498,953
XI-4 Net assets at start of year$473,207
XI-10 Net assets at end of year$972,160

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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