NEW FEDERAL THEATRE INC

EIN: 132814763 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$530,135
Total Expenses
$640,496
Total Assets
$441,763
Net Assets
$316,387
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NY
Principal Officer
ELIZABETH VAN DYKE
Phone
2123531176
Tax Period
2024-07-01 to 2025-06-30

NEW FEDERAL THEATRE INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $530K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $640K exceeded revenue, resulting in a 21% operating deficit.

Mission

NFT HAS PIONEERED THE DEVELOPMENT OF NEW THEATRE CONCEPTS AND HAS PROVIDED AN AVENUE FOR THE EMERGENCE OF AFRICAN AMERICAN TALENTS WHO HAVE BECOME MAJOR FORCES IN THE THEATRE, TELEVISION AND MOTION PICTURE INDUSTRIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $471,746
Program Service Revenue $55,601
Investment Income $2,618
Other Revenue $170
TOTAL REVENUE $530,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $230,912
Fundraising Expenses $74,926
Program Expenses $508,682
Other Expenses $343,662
TOTAL EXPENSES $640,496

Year-over-Year Comparison

2024 2023 Change
Revenue $530,135 $464,790 +0.1%
Expenses $640,496 $675,799 -0.1%
Net Income $-110,361 $-211,009 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
22
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$60,000
Total Directors
15
$94,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN SCUTCHINS CO-CHAIR 1.00
Officer Director
$0 $0 $0
CLAUDE WINFIELD CO-CHAIR 1.00
Officer Director
$0 $0 $0
REV RHONDA AKANKE MCLEAN-NUR TREASURER 1.00
Officer Director
$0 $0 $0
DEBORAH MCGEE SECRETARY 1.00
Officer Director
$0 $0 $0
ELIZABETH VAN DYKE BOARD MEMBER/PRODUCING ARTISTIC DIR. 1.00
Officer Director
$60,000 $0 $60,000
JUNE R BALLINGER BOARD MEMBER 1.00
Director
$700 $0 $700
JENNY CALIXTE BOARD MEMBER 1.00
Director
$0 $0 $0
GAIL COOPER HECHT BOARD MEMBER 1.00
Director
$400 $0 $400
A DEAN IRBY BOARD MEMBER 1.00
Director
$0 $0 $0
WOODIE KING JR BOARD MEMBER 1.00
Director
$33,300 $0 $33,300
JOSEPH C LEWIS BOARD MEMBER 1.00
Director
$0 $0 $0
EVELYN NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
PETRONIA PALEY BOARD MEMBER 1.00
Director
$0 $0 $0
KAY RADTKE BOARD MEMBER 1.00
Director
$0 $0 $0
DIANE RICHARDS BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $530,135 $640,496 $441,763 $-110,361
2024 $464,790 $675,799 $587,456 $-211,009
2023 $481,153 $427,501 $656,198 $53,652
2022 $491,762 $447,901 $605,437 $43,861
2021 $741,149 $263,113 $624,758 $478,036
2020 $314,201 $298,733 $181,102 $15,468
2018 $356,772 $419,959 $57,157 $-63,187
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