THE SECOND STAGE THEATRE INC

EIN: 133021180 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$24,636,467
Total Expenses
$25,326,919
Total Assets
$54,263,158
Net Assets
$34,114,225
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
ADAM SIEGEL
Phone
2127878302
Tax Period
2024-09-01 to 2025-08-31

THE SECOND STAGE THEATRE INC, founded in 1979, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $24.6M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THE THEATRE'S EXEMPT PURPOSE IS TO GIVE NEW LIFE TO CONTEMPORARY AMERICAN PLAYS AND TO PRODUCE THE WORLD PREMIERES OF NEW PLAYS BY BOTH ESTABLISHED AND EMERGING PLAYWRIGHTS. A FUNDAMENTAL PART OF ITS PURPOSE IS THEATRE EDUCATION, WHICH IS ACCOMPLISHED THROUGH SPECIAL PERFORMANCES FOR NEW YORK CITY SCHOOL CHILDREN, SUBSCRIBER DISCUSSIONS WITH THEATRE ARTISTS AND AN INTERNSHIP PROGRAM.

Program Service Accomplishments

Program 1
Expenses: $18,579,570 Revenue: $16,107,495

Second Stage presented five shows during the 2024-2025 season. The season opened with "WALDEN" by Amy Berryman, which ran at the Tony Kiser Theater from October 17 to November 24, 2024. This play...

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Second Stage presented five shows during the 2024-2025 season. The season opened with "WALDEN" by Amy Berryman, which ran at the Tony Kiser Theater from October 17 to November 24, 2024. This play explored themes of environmental stewardship and human ambition through the story of two sisters confronting their diverging paths. Helmed by Whitney White, this production reached 11,532 theatergoers. Next, Leslye Headlan's "CULT OF LOVE" ran at the Helen Hayes Theater from November 20, 2024 to February 2, 2025. Directed by Trip Cullman, this play followed the Dahl family during the holiday season. Inquiring about the forces that separate and hold families together, the play followed the return of the family's adult children to their childhood home along with their partners. Old conflicts resurface, new issues battled, and dinner is taking forever. It welcomed 43,619 audience members. In early spring, we co-presented the Steppenwolf Theater Company production of Branden Jacobs-Jenkins' "PURPOSE, which ran at the Helen Hayes Theater from February 25 to August 31, 2025 and reached 83,293 people. Directed by Phylicia Rashad, this epic family drama followed the Jasper family, a pillar of Black American Politics. When the youngest son returns home, the family is forced into a reckoning with itself, its faith and the legacies of Black radicalism. This production received the Tony Award for Original Play and for Actress in a Featured Role (Kara Young). To finish the season, we produced Donald Margulies' "LUNAR ECLIPSE", directed by Kate Whoriskey. This production took place at the Irene Diamond Theater at the Pershing Square Signature Center between May 14 to June 22, 2025, and had 11,560 attendees. This moving play followed George and Em, a long-married couple watching a lunar eclipse. The play explored what it means to grow old together through the themes of legacy, children, and dogs. Each production was accompanied by a variety of activities, including post-show talkbacks and conversations with cast members and creative teams. A TOTAL OF 152,924 ATTENDEES ENGAGED WITH THE PROGRAMS AND INITIATIVES MENTIONED ABOVE. We also distributed 13,794 free tickets and 29,482 discounted tickets via the Affordable Ticket Initiative. Finally, our student matinee reached 271 students throughout our productions. Student matinees also include a study guide and a talk-back with the cast and creative team after the show. Throughout the season, we continued our new play development initiatives via a full production of one play for a four-week run, four free public readings, a reading of a musical in development, and a writer-focused development lab. We produced "ON THE EVOLUTIONARY FUNCTION OF SHAME" by D.A. Mindel, and hosted readings of "THE SINGULARITY PLAY" by Jay Stull, "WIPEOUT" by Real De Asua, and "YOU ARE CORDIALLY INVITED TO THE END OF THE WORLD" by Keiko Green. We also hosted a one-night-only reading of the new musical INSIDE VOICES by Ross Golan and Danielle Koenig. FY25 marked our third year hosting the Lark Playwright's Workshop, a playwright's group where six writers work on new plays. Across multiple sessions over three months, professional actors read scenes and new pages followed by feedback from other writers, actors, and mentors.

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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 $8,181,954
Program Service Revenue $16,060,726
Investment Income $347,018
Other Revenue $46,769
TOTAL REVENUE $24,636,467

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,246,635
Fundraising Expenses $2,323,782
Program Expenses $18,579,570
Other Expenses $12,080,284
TOTAL EXPENSES $25,326,919

Year-over-Year Comparison

2024 2023 Change
Revenue $24,636,467 $28,749,503 -0.1%
Expenses $25,326,919 $28,397,224 -0.1%
Net Income $-690,452 $352,279 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
35
Independent Members
34
Employees
946
Volunteers
836

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
9
$1,405,564
Total Directors
38
$1,140,226
Key Employees
3
$682,920
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLE ROTHMAN President/Art Dir. thru 8/2024 40.0
Officer Director
$31,792 $606,353 $638,145
LISA LAWER POST INTERIM EXEC. DIRECTOR, THRU 04/2025 40.0
Officer Director
$319,966 $0 $319,966
AMELIA S ROY HEAD ELECTRICIAN, HAYES THEATER 40.0
Highest
$243,122 $74,152 $317,274
LINDSAY FORDEN CHIEF DEVELOPMENT OFFICER 40.0
Key Emp
$165,732 $137,720 $303,452
JEANNE HU HEAD PROPERTIES, HAYES THEATER 40.0
Highest
$231,828 $70,707 $302,535
MCBRIEN A DUNBAR HEAD CARPENTER, HAYES THEATER 40.0
Highest
$217,886 $66,455 $284,341
BENNETT H LEAK interim art. dir. as of 01/2024 40.0
Officer
$236,525 $28,813 $265,338
LAURA DILORENZO CHIEF MARKETING OFFICER 40.0
Key Emp
$179,909 $27,106 $207,015
EVAN CABNET ARTISTIC DIR, as of 09/2024 40.0
Officer Director
$180,889 $1,226 $182,115
ADAM M SACHS DIRECTOR OF FINANCE 40.0
Key Emp
$136,559 $35,894 $172,453
MEGAN S THIELE DIRECTOR OF HUMAN RESOURCES 40.0
Highest
$148,669 $22,687 $171,356
Christopher McGinnis General Manager 40.0
Highest
$139,452 $22,501 $161,953
Lauren Bright Board Member 2.0
Director
$0 $0 $0
Kevin Brockman Co-chair 5.0
Officer Director
$0 $0 $0
Mia Campbell Board Member 2.0
Director
$0 $0 $0
Debra Martin Chase Board Member 2.0
Director
$0 $0 $0
Margaret Dees Board Member 2.0
Director
$0 $0 $0
Laurie Erlandson vice-chair & Treasurer 5.0
Officer Director
$0 $0 $0
Tony Goldwyn Board Member 2.0
Director
$0 $0 $0
Alyse Graham Board Member 2.0
Director
$0 $0 $0
Mary Tavener Holmes Board Member 2.0
Director
$0 $0 $0
Wendy Evans Joseph Board Member 2.0
Director
$0 $0 $0
Janet Lynne Knopf Board Member 2.0
Director
$0 $0 $0
Sarah Kupferman Board Member 2.0
Director
$0 $0 $0
Gina Maria Leonetti Board Member 2.0
Director
$0 $0 $0
Terry Lindsay Co-chair 5.0
Officer Director
$0 $0 $0
Andrea Taylor Lindsay Board Member 2.0
Director
$0 $0 $0
Mari Nakachi Board Member 2.0
Director
$0 $0 $0
Robert Nash Board Member 2.0
Director
$0 $0 $0
Alice Pacthod Board Member 2.0
Director
$0 $0 $0
Gabrielle London Palitz Secretary 5.0
Officer Director
$0 $0 $0
Adrian J Perry Board Member 2.0
Director
$0 $0 $0
Sarah Pontius Board Member 2.0
Director
$0 $0 $0
BARBARA PUTNAM Board Member 2.0
Director
$0 $0 $0
Brynn Putnam Board Member 2.0
Director
$0 $0 $0
Pesha Rudnick Board Member 2.0
Director
$0 $0 $0
Nathan E Saint-Amand Board Member 2.0
Director
$0 $0 $0
Motoko Sakurai Board Member 2.0
Director
$0 $0 $0
Stephen C Sherrill Board Member 2.0
Director
$0 $0 $0
Christopher Skinner Board Member 2.0
Director
$0 $0 $0
Stewart R Smith Board Member 2.0
Director
$0 $0 $0
John Sorkin Board Member 2.0
Director
$0 $0 $0
Angela Sun Board Member 0.0
Director
$0 $0 $0
Natasa Valocchi Board Member 2.0
Director
$0 $0 $0
Susan Wasserstein Board Member 2.0
Director
$0 $0 $0
Candace K Weir Board Member 2.0
Director
$0 $0 $0
ADAM SIEGEL Exec. Dir, as of 04/2025 40.0
Officer 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 $24,636,467 $25,326,919 $54,263,158 $-690,452
2024 $28,749,503 $28,397,224 $57,642,356 $352,279
2023 $26,248,193 $28,981,303 $59,039,864 $-2,733,110
2022 $28,285,521 $24,566,839 $61,805,911 $3,718,682
2021 $8,654,071 $8,199,262 $62,708,833 $454,809
2020 $12,363,767 $19,258,685 $57,071,628 $-6,894,918
2019 $18,169,889 $18,227,250 $62,257,965 $-57,361
2018 $44,686,084 $19,250,204 $67,469,368 $25,435,880
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