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.
66¢ of each $1 spent went to programs.
$837K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$837K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $6.9M in investments, Pt X · Ln 11–13
Looks good: 5.2 months of spending in cash; 3 or more.
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
$5.3M
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 28 voting members
Looks good: 27 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.5M
-57% vs prior year
Spent
$7.1M
To programs
66%
Net assets
$6.4M
By yearFY2020–FY2025
Revenue
$6.5M
FY2021▼ -57%
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
$7.1M
FY2021▼ -58%
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
$6.4M
FY2021▲ +39%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

66 cents of each dollar spent went to programs.

Program services 66% · $4.7M Management & general 23% · $1.6M Fundraising 11% · $771K

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

35 people listed on the 990; $837K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$185,873Pt VII · Sec A
Managing Director
$155,153Pt VII · Sec A
Accounting Manager
$110,379Pt VII · Sec A
Director of Technology
$105,477Pt VII · Sec A
Director of Ticketing Department
$104,468Pt VII · Sec A
Director of Education
$101,785Pt VII · Sec A
Director of Finance
$73,780Pt VII · Sec A
$0Pt 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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Provided by the organization

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3 programs · $2.5M · in their own filed words · FY2020
01

TDF membership programthe 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 440,000 deeply-discounted tickets to broadway, off-broadway, and off-off broadway theatre and dance performances to over 115,000 TDF…

$1.2Mprogram expense
02

TDF schools and community engagementthe 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…

$841Kprogram expense
03

TKTS by tdfthe TKTS ticket booths support TDF'S mission of encouraging and enabling diverse audiences to attend theatre and dance. The tktsbooths, starting in 1973 with one and at june 30, 2021 numbering three,sell approximately 700,000 same-day discounted tickets annually to broadway and off-broadway theatre and dance performances.

$450Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Gifts and grantsLn 1h$4.4M
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$376K
Money outPt IX
$7.1M
Ln 25
Programscol B$4.7M
Managementcol C$1.6M
Fundraisingcol D$771K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$11.7M
LiabilitiesLn 26$5.3M
PeoplePt VI, VII
35
listed · VII A
PaidVII A7
Voting boardVI 1a28
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Government grantsLn 1e$2.6M
Noncash giftsLn 1g$13K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$201K
Other incomeLn 4–11$376K
Gains on assetsLn 7$97K
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$674K
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$3.1M
InvestmentsLn 11–13$6.9M
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$11.7M
LiabilitiesLn 26$5.3M
Net assetsLn 32$6.4M
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 FY21End FY21
Cash and savingsLn 1–2$2.3M$3.1M
InvestmentsLn 11–13$5.6M$6.9M
Land, buildings, equipmentLn 10c$1.5M$1.2M
Total assetsLn 16$10.6M$11.7M
LiabilitiesLn 26$6.0M$5.3M
Net assetsLn 32$4.6M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$612K$333K$213K$66K
Other salaries and wagesLn 7$2.3M$1.6M$458K$279K
Pension plan contributionsLn 8$301K$202K$63K$36K
Other employee benefitsLn 9$665K$464K$118K$83K
Payroll taxesLn 10$262K$173K$57K$31K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$60K$60K
Investment management feesLn 11f$31K$31K
Other fees for servicesLn 11g$220K$66K$78K$76K
Advertising and promotionLn 12$35K$7K$940$27K
Office expensesLn 13$399K$271K$100K$28K
Information technologyLn 14$230K$165K$45K$20K
OccupancyLn 16$1.0M$782K$222K$32K
TravelLn 17$3K$2K$694$122
Depreciation, depletion and amortizationLn 22$346K$292K$20K$34K
InsuranceLn 23$126K$101K$23K$3K
Other expenses (24a–d)Ln 24$405K$209K$141K$54K
All other expensesLn 24e$76K$74K$2K$285
Total functional expensesLn 25$7.1M$4.7M$1.6M$771K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $6,521,233 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,278,848$4,419,940
I-9 Program service revenuePrior year $10,575,181$1,524,243
I-10 Investment incomePrior year $266,853$201,240
I-11 Other revenuePrior year $966,245$375,810
I-12 Total revenuePrior year $15,087,127$6,521,233
I-13 Grants and similar amounts paidPrior year $43,500$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,583,723$4,145,151
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,291,099$2,978,764
I-18 Total expensesPrior year $16,918,322$7,123,915
I-19 Revenue less expensesPrior year −$1,831,195−$602,682
Part VI · Governance 27 of 28 board members independent, 1 to look at
VI-1a Voting members of the governing body28
VI-1b Independent voting members27
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 $6,521,233 across 10 lines filed
VIII-1e Government grants$2,584,780
VIII-1f All other contributions, gifts and grants$1,835,160
VIII-1g Noncash contributions (included above)$13,284
VIII-1h Total contributions, gifts and grants$4,419,940
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,524,243$1,524,243
VIII-3 Investment incomeExcluded from tax $104,192$104,192
VIII-6 Net rental income or lossRelated to mission $210,800$210,800
VIII-7 Net gain or loss on sales of assetsExcluded from tax $97,048$97,048
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,354 · Excluded from tax $163,656$165,010
VIII-12 Total revenueRelated to mission $1,735,043 · Unrelated business $1,354 · Excluded from tax $364,896$6,521,233
Part IX · Statement of functional expenses $7,123,915 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $333,239 · Management $212,685 · Fundraising $66,398$612,322
IX-7 Other salaries and wagesPrograms $1,567,781 · Management $458,136 · Fundraising $279,190$2,305,107
IX-8 Pension plan contributionsPrograms $202,048 · Management $62,522 · Fundraising $36,415$300,985
IX-9 Other employee benefitsPrograms $463,820 · Management $117,623 · Fundraising $83,482$664,925
IX-10 Payroll taxesPrograms $173,058 · Management $57,371 · Fundraising $31,383$261,812
IX-11b Legal feesManagement $11,405$11,405
IX-11c Accounting feesManagement $60,000$60,000
IX-11f Investment management feesManagement $31,252$31,252
IX-11g Other fees for servicesPrograms $65,874 · Management $78,091 · Fundraising $76,221$220,186
IX-12 Advertising and promotionPrograms $6,910 · Management $940 · Fundraising $26,986$34,836
IX-13 Office expensesPrograms $270,992 · Management $100,047 · Fundraising $27,937$398,976
IX-14 Information technologyPrograms $165,480 · Management $44,700 · Fundraising $19,932$230,112
IX-16 OccupancyPrograms $782,116 · Management $222,074 · Fundraising $31,654$1,035,844
IX-17 TravelPrograms $1,937 · Management $694 · Fundraising $122$2,753
IX-22 Depreciation, depletion and amortizationPrograms $291,685 · Management $20,210 · Fundraising $34,358$346,253
IX-23 InsurancePrograms $100,935 · Management $22,791 · Fundraising $2,669$126,395
IX-24 Other expenses (24a–d)Programs $209,371 · Management $141,482 · Fundraising $53,898$404,751
IX-24e All other expensesPrograms $73,588 · Management $2,128 · Fundraising $285$76,001
IX-25 Total functional expensesPrograms $4,708,834 · Management $1,644,151 · Fundraising $770,930$7,123,915
Part X · Balance sheet $11,719,281 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $77,253$673,870
X-2 Savings and temporary cash investmentsStart of year $2,219,649$2,390,352
X-3 Pledges and grants receivableStart of year $561,670$250,900
X-4 Accounts receivableStart of year $390,433$170,664
X-9 Prepaid expenses and deferred chargesStart of year $184,970$209,939
X-10c Land, buildings and equipment, netStart of year $1,516,478$1,170,225
X-11 Publicly traded securitiesStart of year $5,639,571$6,853,331
X-16 Total assetsStart of year $10,590,024$11,719,281
X-17 Accounts payable and accrued expensesStart of year $1,117,961$1,413,263
X-19 Deferred revenueStart of year $67,910$53,239
X-24 Unsecured notes and loans payableStart of year $2,043,780$1,990,000
X-25 Other liabilitiesStart of year $2,758,830$1,862,179
X-26 Total liabilitiesStart of year $5,988,481$5,318,681
X-27 Net assets without donor restrictionsStart of year $3,740,015$5,395,955
X-28 Net assets with donor restrictionsStart of year $861,528$1,004,645
X-32 Total net assets or fund balancesStart of year $4,601,543$6,400,600
X-33 Total liabilities and net assetsStart of year $10,590,024$11,719,281
Part XI · Reconciliation of net assets $6,400,600 net assets at year end
XI-1 Total revenue$6,521,233
XI-2 Total expenses$7,123,915
XI-3 Revenue less expenses−$602,682
XI-4 Net assets at start of year$4,601,543
XI-5 Net unrealized gains (losses) on investments$1,313,771
XI-9 Other changes in net assets$1,087,968
XI-10 Net assets at end of year$6,400,600

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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