Discovering Broadway INC

Carmel, IN · Public charity (501(c)(3)) · Since 2019

✓ Tax-deductible
Revenue
$1.2M
+85% vs prior year
Spent
$708K
To programs
67%
Net assets
$972K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +85%
Revenue by fiscal year
FY2020$235K
FY2021$82K
FY2022$365K
FY2022$275K
FY2023$495K
FY2024$648K
FY2025$1.2M
Expenses
$708K
FY2025▲ +42%
Expenses by fiscal year
FY2020$84K
FY2021Not on file
FY2022$271K
FY2022$228K
FY2023$439K
FY2024$497K
FY2025$708K
Net assets
$972K
FY2025▲ +102%
Net assets by fiscal year
FY2020$151K
FY2021$132K
FY2022$226K
FY2022$274K
FY2023$330K
FY2024$481K
FY2025$972K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CDiscovering Broadway INC
EINHdr · item D83-3908688
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2020
Year of formationHdr · item L2019
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCarmel, IN
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.discoveringbroadway.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.14 Fundraising $0.19
Program services67%$475K
Management & general14%$98K
Fundraising19%$134K
Total functional expensesLn 25$708K

Financial health

Is it on solid ground?

Program efficiency
67%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
16.8mo
months of highly liquid reserves at operating expense rate▲ +41% vs prior filing year
Surplus margin
+41%
revenue over expenses, this year▲ +76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$996K
FY2025▲ +99%
Total assets by fiscal year
FY2020$151K
FY2021Not on file
FY2022$226K
FY2022$274K
FY2023$330K
FY2024$501K
FY2025$996K
Total liabilities
$24K
FY2025▲ +16%
Total liabilities by fiscal year
FY2020$0
FY2021Not on file
FY2022$0
FY2022$0
FY2023$0
FY2024$20K
FY2025$24K
Revenue less expensesPt I · Ln 19$492K
Total assetsPt X · Ln 16$996K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421

Balance Sheet

Part X · end of year
CashLn 1$551K
Total assetsLn 16$996K
Total liabilitiesLn 26$24K
Total net assetsLn 32$972K
Months of cash on handcomputed9.3

Statement of Revenue

Part VIII
Contributions & grants$1.2M · 96%
Program service revenue$37K · 3%
Investment income$12K · 1%
Contributions & grants96%$1.2M
Program service revenue3%$37K
Investment income1%$12K
Other revenue$76
Total revenueLn 12$1.2M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $989K · Operating expenses/yr $708K
16.8 months
Where the money goes
Program services
Program services $475K · Total expenses $708K
67%
Management & General
Management & general $98K · Total expenses $708K
14%
Fundraising
Fundraising $134K · Total expenses $708K
19%
Cost to raise $1
Fundraising expense (3-yr avg) $115K · Solicited contributions (3-yr avg) $729K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
96%
Government reliance
Government grants — · Total revenue $1.2M
—
Earned-income share
Program service revenue $37K · Total revenue $1.2M
3%
Investment reliance
Investment income $12K · Total revenue $1.2M
+1.0%
Program self-sufficiency
Program service revenue $37K · Total expenses $708K
5%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $648K
+85%
Revenue CAGR
FY2019 $235K · FY2025 $1.2M
+31%
Net-asset trend (YoY)
End of year $972K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $708K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $996K
—
Net-asset ratio
Net assets $972K · Total assets $996K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $438K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $996K
44%
People & payroll
Highest Reported Total Compensation
Individual Joel Kirk · Reported title CEO · Highest reported compensation $199K · Total expenses $708K
28%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $269K · Total expenses $708K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 14%——
Fundraising cost ratio 12%——
Revenue growth 85%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$198,580Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2022FY2020
Joel Kirk$198,580$143,750$136,913$100,000$75,000$29,162

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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Governance & Policies

Part VI
  • 21Voting board membersPt VI · Ln 1a
  • 21Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Brings Broadway talent to test new musicals, offering youth masterclasses.

Provided by the organization

This section is blank until Discovering Broadway INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $475K of program spending, described in the organization's own filed words · FY2025.
01

Discovering Broadway offers masterclasses, seminars, and public forums with Broadway's top talent to provide inside industry knowledge to Hoosiers and emerging artists.

$475Kprogram 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 · FY2024
See all 16 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $1.2M$708K+85% 990 PDF
FY2024 $648K$497K+31% 990 PDF
FY2023 $495K$439K+80% 990 PDF
FY2022 $365K$271K+346% 990 PDF
FY2021 $82K—-65% 990 PDF
FY2020 $235K$84K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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