THEATRE FORWARD INC

EIN: 132913176 501(c)(3)

NEW YORK, NY

Total Revenue
$122,759
Total Expenses
$814,111
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NY
Principal Officer
GRETCHEN E SHUGART
Phone
2127506895
Tax Period
2022-07-01 to 2023-06-30

THEATRE FORWARD INC, founded in 1977, is a small nonprofit that reported $123K in total revenue in fiscal year 2022. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $814K exceeded revenue, resulting in a 563% operating deficit.

Mission

THEATRE FORWARD SUPPORTS AMERICAN THEATRES AND THEIR COMMUNITIES BY PROVIDING FUNDING AND OTHER RESOURCES TO THE COUNTRY'S LEADING NONPROFIT THEATRES.

Program Service Accomplishments

Program 1
Expenses: $633,070 Revenue: $2,680

DURING THE 2022-2023 FISCAL YEAR, THEATRE FORWARD RAISED AND DISTRIBUTED FUNDS ON BEHALF OF NONPROFIT THEATRES TO SUPPORT GENERAL OPERATIONS THROUGH ITS ANNUAL FUND. THEATRE FORWARD CONTINUED TO...

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DURING THE 2022-2023 FISCAL YEAR, THEATRE FORWARD RAISED AND DISTRIBUTED FUNDS ON BEHALF OF NONPROFIT THEATRES TO SUPPORT GENERAL OPERATIONS THROUGH ITS ANNUAL FUND. THEATRE FORWARD CONTINUED TO ADMINISTER THE BANK OF AMERICA ACTIVATE AWARDS TO PROMOTE EQUITY, DIVERSITY AND INCLUSION (EDI) IN NONPROFIT THEATRES AND THEIR COMMUNITIES BY PROVIDING RESOURCES FOR GRANT RECIPIENTS TO EXPLORE, INITIATE OR DEEPEN COLLABORATIVE RELATIONSHIPS WITH THOSE FROM UNDER-REPRESENTED GROUPS. IN ADDITION, THEATRE FORWARD PROVIDED FUNDING AND EDUCATIONAL SERVICES THROUGH ITS EDUCATING THROUGH THEATRE PROGRAM WHICH USES THEATRE PROFESSIONALS AND THEIR TECHNIQUES TO PROMOTE CREATIVITY, AWARENESS, LEADERSHIP AND LIFE SKILLS IN CHILDREN AND ADULTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $113,528
Program Service Revenue $2,680
Investment Income $5,223
Other Revenue $1,328
TOTAL REVENUE $122,759

Expense Breakdown

Grants Paid $0
Salaries & Benefits $190,426
Fundraising Expenses $87,287
Program Expenses $633,070
Other Expenses $623,685
TOTAL EXPENSES $814,111

Year-over-Year Comparison

2022 2021 Change
Revenue $122,759 $1,271,364 -0.9%
Expenses $814,111 $1,513,326 -0.5%
Net Income $-691,352 $-241,962 +1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
5
Volunteers
8

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
8
$160,000
Total Directors
29
$160,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MITCHELL J AUSLANDER CHAIRMAN 1.00
Officer Director
$0 $0 $0
PAMEL FARR PRESIDENT 1.00
Officer Director
$0 $0 $0
STEVEN BUNSON VP (THROUGH 7/22) 1.00
Officer Director
$0 $0 $0
PAULA A DOMINICK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KIT INGUI VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRUCE R EWING SECRETARY 1.00
Officer Director
$0 $0 $0
STEVEN SHOWALTER TREASURER (THROUGH 6/23) 1.00
Officer Director
$0 $0 $0
GRETCHEN SHUGART EXECUTIVE DIR. 40.00
Officer Director
$160,000 $0 $160,000
JUDY R BARTLETT DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
RICHARD K GREENE DIRECTOR 1.00
Director
$0 $0 $0
RAJA SENGUPTA DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
JOHN THOMOPOULOS DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
JENNIFER BIELSTEIN DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
JENNIFER CANOLE DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE R CENIS DIRECTOR (THROUGH 02/22) 1.00
Director
$0 $0 $0
ROBERT BARRY FLEMING DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
LUCY ANDA HARDISON DIRECTOR (THROUGH 5/23) 1.00
Director
$0 $0 $0
JAMES HASKINS DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
JEFFREY HERRMANN DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
DONNA KALAJIAN LAGANI DIRECTOR (THROUGH 12/22) 1.00
Director
$0 $0 $0
MARI NAKACHI DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
MEGHAN PRESSMAN DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
JEFF RYDER DIRECTOR (THROUGH 02/22) 1.00
Director
$0 $0 $0
MICHELLE SCHWARTZ DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
TIMOTHY SHIELDS DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
BRIAN SIEGEL DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
DANIEL A SIMKOWITZ DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
MARK CUDDY DIRECTOR (THROUGH 4/23) 1.00
Director
$0 $0 $0
KELVIN DINKINS DIRECTOR 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
2023 $122,759 $814,111 No data $-691,352
2022 $1,271,364 $1,513,326 $886,571 $-241,962
2021 $1,475,772 $1,514,618 $1,095,417 $-38,846
2020 $1,745,097 $1,246,144 $1,084,968 $498,953
2019 $1,484,603 $1,244,436 $728,181 $240,167
2018 $1,225,380 $1,665,344 $581,174 $-439,964
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