Theatre Development Fund INC

Tax-deductible

New York, NY501(c)(3)Since 1967Arts & CultureEIN 13-6216919Revenue $20.4M in FY2025

On file with the IRStdf.org520 8th Ave Rm 801, 10018-4192 · New York, NYTax-exempt since Mar 1967Publicly supported — 509(a)(2)

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Theatre Development Fund is a performing arts service organization devoted to advancing live Theatre and dance by building audiences. Tdf envisions a world where the transformative experience of attending live Theatre and dance is essential,relevant, accessible and inspirational. Tdf makes tickets affordable and accessible to diverse audiences, including new york city public school children, people with disabilities, and individuals who are not able to afford full-price tickets.through our programs we bring Theatre into the lives of 2,000,000 people per year. Tdf community engagement programs work to strengthen local audiences from every borough and neighborhood in new york city,currently working with 55 centers or agencies.the costume collection rents costumes at inexpensive rates to not-for-profit organizations.the website is a wide-ranging source of information about the Theatre, designed to stimulate and encourage Theatre attendance by both experienced and novice theatregoers.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 26 volunteers and 258 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $52K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 8% of spending
Top officer’s pay lower than 60% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.0M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20.4M
+17% vs prior year
Spent
$19.5M
To programs
77%
Net assets
$9.4M
By yearFY2020–FY2025
Revenue
$20.4M
FY2025▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.1M
FY2021$6.5M
FY2022$12.7M
FY2023$16.3M
FY2024$17.5M
FY2025$20.4M
Expenses
$19.5M
FY2025▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$16.9M
FY2021$7.1M
FY2022$11.6M
FY2023$15.6M
FY2024$17.5M
FY2025$19.5M
Net assets
$9.4M
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.6M
FY2021$6.4M
FY2022$6.4M
FY2023$8.0M
FY2024$8.1M
FY2025$9.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1967.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $15.0M Management & general 15% · $2.9M Fundraising 8% · $1.6M

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; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$297,516Pt VII · Sec A
Managing Director
$270,990Pt VII · Sec A
Director, Ticketing Programs
$194,405Pt VII · Sec A
Tkts Head Treasurer
$187,859Pt VII · Sec A
Vice-President, Finance & Administration
$178,369Pt VII · Sec A
Vice-President, Technology
$172,971Pt VII · Sec A
Vice-President, Development
$171,324Pt VII · Sec A
Vice-President, Tdf Costume Collection
$153,125Pt VII · Sec A

Deeksha Gaur’s $298K as Executive Director is at the 40th percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Deeksha Gaur$297,516$123,890————
Victoria Bailey——$291,642$247,488$185,873$274,455
Michael Naumann$270,990$251,570$236,120$198,916$155,153$212,139
Julian Christenberry$194,405$182,679$169,504$141,139$104,468$158,105
William Roeder$187,859$180,846$156,873———
Cheryl Williams—————$179,451
Owen Wiles$178,369$178,818$166,643$145,933$73,780—
Tymand Staggs$172,971$165,505$159,059$133,236$105,477$140,329

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds audiences for live theatre and dance by making tickets affordable and accessible.

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3 programs · $9.2M · in their own filed words · FY2024
01

Tkts by Tdf

The TKTS ticket booths support TDF'S mission of encouraging and enabling diverse audiences to attend theatre and dance. The TKTS booths, starting in 1973 with one and at june 30, 2025, numbering two, sell approximately 630,000 same-day discounted tickets annually to broadway and off-broadway theatre and dance performances.

$4.4Mprogram expense
02

Tdf Membership Program

The membership program also supports TDF'S mission of encouraging and enabling diverse audiences to attend theatre and dance. Annually TDF makes possible the sale of approximately 575,000 deeply-discounted tickets to broadway, off-broadway, and off-off broadway theatre and dance performances to over 120,000 TDF members, who qualify for…

$2.7Mprogram expense
03

Tdf Schools and Community Engagement

The education program builds audiences for the theatre by introducing young people to live theatre and preparing them to engage as audiences. Approximately 11,000 new york city public school children are brought to theatre and dance performances annually at no cost to the schools or students, and in addition these young people…

$2.1Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$20.4M
Ln 12
Fees for servicesLn 2g$14.4M
Gifts and grantsLn 1h$4.5M
Investment incomeLn 3$945K
Money outPt IX
$19.5M
Ln 25
Programscol B$15.0M
Managementcol C$2.9M
Fundraisingcol D$1.6M
Owns and owesPt X
$9.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$17.4M
LiabilitiesLn 26$8.0M
PeoplePt VI, VII
34
listed · VII A
PaidVII A8
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.5M
Government grantsLn 1e$580K
Fees for servicesLn 2g$14.4M
Investment incomeLn 3$945K
Other incomeLn 4–11$555K
Gains on assetsLn 7$512K
Total revenueLn 12$20.4M
Assets in detailPt X, end of year
CashLn 1$615K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$9.3M
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$2.9M
Total assetsLn 16$17.4M
LiabilitiesLn 26$8.0M
Net assetsLn 32$9.4M
OperationsPt I, VI
EmployeesI 5258
VolunteersI 626
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.0M$2.8M
InvestmentsLn 11–13$8.5M$9.3M
Land, buildings, equipmentLn 10c$962K$1.1M
Total assetsLn 16$16.2M$17.4M
LiabilitiesLn 26$8.1M$8.0M
Net assetsLn 32$8.1M$9.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$144K$144K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$926K$184K$535K$207K
Other salaries and wagesLn 7$7.3M$6.1M$603K$588K
Pension plan contributionsLn 8$109K$102K$0$7K
Other employee benefitsLn 9$1.9M$1.6M$185K$136K
Payroll taxesLn 10$745K$584K$98K$62K
Legal feesLn 11b$23K$23K
Accounting feesLn 11c$95K$95K
Lobbying feesLn 11d$60K$60K
Other fees for servicesLn 11g$970K$380K$371K$219K
Advertising and promotionLn 12$511K$488K$10K$13K
Office expensesLn 13$1.8M$1.5M$126K$164K
Information technologyLn 14$433K$340K$75K$18K
OccupancyLn 16$1.4M$1.1M$314K$43K
TravelLn 17$49K$47K$937$1K
Depreciation, depletion and amortizationLn 22$255K$232K$9K$15K
InsuranceLn 23$155K$124K$28K$3K
Other expenses (24a–d)Ln 24$2.1M$1.9M$294K$1
All other expensesLn 24e$471K$277K$99K$94K
Total functional expensesLn 25$19.5M$15.0M$2.9M$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $20.4M$19.5M$914K$9.4M 990 PDF
FY2024 $17.5M$17.5M−$96$8.1M 990 PDF
FY2023 $16.3M$15.6M$723K$8.0M 990 PDF
FY2022 $12.7M$11.6M$1.1M$6.4M 990 PDF
FY2021 $6.5M$7.1M−$603K$6.4M 990 PDF
FY2020 $15.1M$16.9M−$1.8M$4.6M 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 FY2025 990 (6 parts)
Part I · Summary $20,416,435 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,741,268$4,477,171
I-9 Program service revenuePrior year $13,280,899$14,438,781
I-10 Investment incomePrior year $970,805$945,387
I-11 Other revenuePrior year $462,197$555,096
I-12 Total revenuePrior year $17,455,169$20,416,435
I-13 Grants and similar amounts paidPrior year $135,000$144,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,307,235$10,992,894
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,013,030$8,364,948
I-18 Total expensesPrior year $17,455,265$19,502,342
I-19 Revenue less expensesPrior year −$96$914,093
Part VI · Governance 26 of 26 board members independent, 1 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $20,416,435 across 9 lines filed
Lines not itemized here account for $457,622 of total revenue; see the IRS return.
VIII-1e Government grants$579,505
VIII-1f All other contributions, gifts and grants$3,897,666
VIII-1h Total contributions, gifts and grants$4,477,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,981,159$13,981,159
VIII-3 Investment incomeExcluded from tax $432,997$432,997
VIII-7 Net gain or loss on sales of assetsExcluded from tax $512,390$512,390
VIII-8 Net income from fundraising eventsExcluded from tax $303,513$303,513
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $251,583$251,583
VIII-12 Total revenueRelated to mission $14,438,781 · Unrelated business $0 · Excluded from tax $1,500,483$20,416,435
Part IX · Statement of functional expenses $19,502,342 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $144,500$144,500
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $183,562 · Management $534,977 · Fundraising $207,327$925,866
IX-7 Other salaries and wagesPrograms $6,146,273 · Management $602,756 · Fundraising $588,015$7,337,044
IX-8 Pension plan contributionsPrograms $101,770 · Management $0 · Fundraising $7,241$109,011
IX-9 Other employee benefitsPrograms $1,556,131 · Management $184,790 · Fundraising $135,527$1,876,448
IX-10 Payroll taxesPrograms $584,021 · Management $98,064 · Fundraising $62,440$744,525
IX-11b Legal feesManagement $22,637$22,637
IX-11c Accounting feesManagement $94,672$94,672
IX-11d Lobbying feesManagement $60,000$60,000
IX-11g Other fees for servicesPrograms $380,251 · Management $371,361 · Fundraising $218,515$970,127
IX-12 Advertising and promotionPrograms $487,630 · Management $9,778 · Fundraising $13,282$510,690
IX-13 Office expensesPrograms $1,489,867 · Management $125,641 · Fundraising $163,813$1,779,321
IX-14 Information technologyPrograms $340,173 · Management $74,963 · Fundraising $17,986$433,122
IX-16 OccupancyPrograms $1,060,880 · Management $313,698 · Fundraising $43,335$1,417,913
IX-17 TravelPrograms $46,753 · Management $937 · Fundraising $1,273$48,963
IX-22 Depreciation, depletion and amortizationPrograms $231,880 · Management $8,687 · Fundraising $14,768$255,335
IX-23 InsurancePrograms $123,697 · Management $27,851 · Fundraising $3,460$155,008
IX-24 Other expenses (24a–d)Programs $1,852,115 · Management $294,108 · Fundraising $1$2,146,224
IX-24e All other expensesPrograms $277,264 · Management $99,375 · Fundraising $94,297$470,936
IX-25 Total functional expensesPrograms $15,006,767 · Management $2,924,295 · Fundraising $1,571,280$19,502,342
Part X · Balance sheet $17,386,989 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $605,913$614,557
X-2 Savings and temporary cash investmentsStart of year $1,408,685$2,223,167
X-3 Pledges and grants receivableStart of year $381,068$661,203
X-4 Accounts receivableStart of year $108,568$116,370
X-9 Prepaid expenses and deferred chargesStart of year $396,516$443,765
X-10c Land, buildings and equipment, netStart of year $962,013$1,097,255
X-11 Publicly traded securitiesStart of year $8,519,537$9,318,355
X-15 Other assetsStart of year $3,777,636$2,912,317
X-16 Total assetsStart of year $16,159,936$17,386,989
X-17 Accounts payable and accrued expensesStart of year $2,289,737$3,347,136
X-19 Deferred revenueStart of year $149,586$227,125
X-25 Other liabilitiesStart of year $5,657,739$4,445,406
X-26 Total liabilitiesStart of year $8,097,062$8,019,667
X-27 Net assets without donor restrictionsStart of year $6,977,322$7,729,745
X-28 Net assets with donor restrictionsStart of year $1,085,552$1,637,577
X-32 Total net assets or fund balancesStart of year $8,062,874$9,367,322
X-33 Total liabilities and net assetsStart of year $16,159,936$17,386,989
Part XI · Reconciliation of net assets $9,367,322 net assets at year end
XI-1 Total revenue$20,416,435
XI-2 Total expenses$19,502,342
XI-3 Revenue less expenses$914,093
XI-4 Net assets at start of year$8,062,874
XI-9 Other changes in net assets$390,355
XI-10 Net assets at end of year$9,367,322

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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