THE NATIONAL ALLIANCE FOR MUSICAL THEATRE INC

EIN: 133441160 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$1,180,505
Total Expenses
$1,213,892
Total Assets
$635,264
Net Assets
$319,652
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NY
Principal Officer
BETSY KING MILITELLO
Phone
2127146668
Tax Period
2023-05-01 to 2024-04-30

THE NATIONAL ALLIANCE FOR MUSICAL THEATRE INC, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

NAMT is a member service organization with a mission to be a catalyst for nurturing musical theatre development, production, innovation, and collaboration. Our approximately 150 organizational members and 60 individual members, located throughout the U.S. and abroad, are some of the leading producers of musical theatre in the world. Our members represent a diverse cross-section of the theatre community and include regional theatres, presenters, higher education groups, developmental organizations, and individual producers, with budgets totaling over $680,000,000. Last season, NAMT members collectively: - Employed nearly 20,000 staff members and 10,000 artists - Staged more than 15,000 performances attended by 3.7 million people - Entertained over 200,000 loyal subscribers - Provided education programs for half a million students and teachers - Had operating budgets totaling $600 million - Performed in 290 venues with a total of 147,000 seats Strategic Plan: The 2023-2027 NAMT Strategic

Program Service Accomplishments

Program 1
Expenses: $574,833 Revenue: $135,959

NEW WORKS PROGRAMS Festival of New Musicals: Our most highly attended event, the annual Festival showcases presentations of eight new musicals before an industry-only audience with the experience and...

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NEW WORKS PROGRAMS Festival of New Musicals: Our most highly attended event, the annual Festival showcases presentations of eight new musicals before an industry-only audience with the experience and resources to move the work forward. A total of 846 people attended. NAMT assumes the costs of producing and marketing the Festival, handles all administration and logistics, and takes no royalty stake in future productions. Since 1989, the Festival has introduced musical theatre producers to over 300 musicals and over 500 writers from around the world. More than 85% of these works have gone on to subsequent readings, workshops, productions, tours, licensing, or cast album recordings as a direct result of the Festival. The Festival also featured the return of the Directing Observership Program, giving Observers a chance to be a part of rehearsals, creative meetings, and writer Q&As at the Fall Conference. In addition to the eight featured shows, the Festival included the Songwriters Showcase, where four writing teams presented their shows-in-progress through song selections and a brief Q&A. Additionally, the Midday Cabarets provided an informal opportunity during lunch for four other writing teams to showcase their musical theatre work. Musical Theater Songwriting Challenge for High School Students: The 2023-24 Musical Theater Songwriting Challenge, a partnership between NAMT and the National Endowment for the Arts (NEA), successfully provided high school students with the opportunity to develop and showcase their original musical compositions. Throughout the program, students participated in online workshops, received constructive critiques from experienced musical theater professionals, and engaged in group coaching sessions to refine their songs. The Challenge culminated in the selection of winning writers and writing teams in Spring 2024, who were invited to New York City for mentorship and a concert performance of their songs in June. This initiative helped foster the next generation of musical theater songwriters and highlighted NAMT's commitment to nurturing young talent. Frank Young Fund for New Musicals (FYFNM): Over the past year, the Frank Young Fund awarded 20 grants totaling $80,000 to NAMT member not-for-profit theatres. Since its inception in 2008, the Fund has awarded 221 grants totaling $885,500 to support new work at every stage of development, from writer residencies to full productions, with selections made by a panel of experienced musical theatre professionals. Impact & Exploration Fund (I&EF): NAMT's Impact & Exploration Fund (formerly the Innovation & Exploration Fund) is designed to help NAMT member theatres pilot new capacity-building programs to advance their missions. Areas of exploration may include (but are not limited to) technology, accessibility, audience development, education, and artistic innovation. Grant recipients must report the results of their funded programs to the rest of the membership, helping others who may be considering similar innovations. This past year, nine I&EF grants were awarded, totaling $20,000 to member not-for-profit theatres. In 2024, NAMT will celebrate reaching $1 million in awards to member organizations through granting programs, including the Frank Young Fund for New Musicals (formerly the National Fund for New Musicals), the Impact & Exploration Fund, and the Producer-Writer Initiative (2004-2008).

Program 2
Expenses: $400,725 Revenue: $323,899

MEMBERSHIP PROGRAMS Conferences: Both educational and inspiring, our national conferences are opportunities for member organizations to interact, collaborate, and share ideas on the latest trends in...

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MEMBERSHIP PROGRAMS Conferences: Both educational and inspiring, our national conferences are opportunities for member organizations to interact, collaborate, and share ideas on the latest trends in musical theatre. The 2023 Fall Conference was held in New York, NY on October 24 & 25, 2023, and was entitled "New Musicals on the Horizon." The agenda featured a keynote address by Michael Kaiser, along with panels on the state of the industry, recovery benchmarks, new business models, and future programming. Additional sessions covered topics such as board support, accessibility, and artist support, with more concurrent discussions announced during the event. The conference also included networking opportunities, such as a cocktail party and the NAMT Annual Membership Meeting. The 2023 Spring Conference, entitled "Marketing & Development Should Be Friends!" was held in Oklahoma City, OK on April 3-5, 2024. The conference featured a mix of panels, breakout sessions, and networking opportunities focused on marketing, fundraising, and collaboration in the arts. Highlights included a keynote with Oklahoma City Mayor David Holt, discussions on audience loyalty, advocacy, and social media marketing, as well as case studies on local collaborations and early-career professionals. Attendees participated in sessions tailored to their career stages, dined at local restaurants, and toured the First Americans Museum. Webinars: NAMT continues to offer the Knowledge Exchange webinar series, which builds on discussions from our conferences and provides a forum for staff at all levels of our member organizations to share resources and exchange information. NAMT's FY24 webinars covered a range of topics, from funding opportunities and submission processes to new resources for musical theatre creators and educators. Highlights included sessions on the Impact & Exploration Fund, converting patrons into donors, and introducing the Musical Theater Songwriting Challenge for high school students. All NAMT webinars are archived on our website for continued member access. NAMT News & Notes: NAMT News & Notes provides topical industry information to all members and Festival alumni writers. It is sent monthly via email. The Table Read: Launched in April 2023, NAMT's New Works Department newsletter, The Table Read, features articles on and interviews with NAMT Festival/Grantee writers and NAMT members, as well as new interactive media inclusions like New Works Department Spotify playlists and more video and audio content. The Table Read has a readership of ~7,500, with an average open rate of 54% and an average click rate of 10%. Website: NAMT's website, www.namt.org, remains our primary communication tool with members, donors, writers, prospects, and the industry at large. It includes Festival information, updates on other NAMT programs, member information, and more. Some sections require a login and are limited to members or Festival alumni writers, including a detailed member directory, member production histories, a complete directory of Festival and Frank Young Fund for New Musicals shows and their writers, and discount offers and corporate partnerships. The website also includes our Set & Costume Registry, through which members can earn revenue by renting sets, costumes, props, and orchestrations. Since 2019, we have expanded our web-based resources to include the New Musicals Map, an interactive tool that allows members and the public to keep abreast of new musical development happening worldwide; the Impact & Exploration Guide, a compilation of case studies, videos, and grant reports outlining valuable lessons and best practices from NAMT members and other experts; and EDI and Anti-Racism Resources shared among our members and other partners. The site also houses recordings of webinars and online town halls and serves as a central hub for information, upcoming events, member benefits, and all things NAMT. In FY24, NAMT implemented a redesign of our homepage and main navigation menus to drive engagement and improve clarity. Research Services: NAMT conducts industry surveys on subjects such as salaries, benefits, and royalties, sharing the findings with our members.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $718,439
Program Service Revenue $457,721
Investment Income $2,208
Other Revenue $2,137
TOTAL REVENUE $1,180,505

Expense Breakdown

Grants Paid $97,500
Salaries & Benefits $605,937
Fundraising Expenses $159,625
Program Expenses $975,558
Other Expenses $510,455
TOTAL EXPENSES $1,213,892

Year-over-Year Comparison

2023 2022 Change
Revenue $1,180,505 $1,064,947 +0.1%
Expenses $1,213,892 $1,094,252 +0.1%
Net Income $-33,387 $-29,305 +0.1%
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
19
Independent Members
19
Employees
33
Volunteers
20

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
$0
Total Directors
19
$0
Key Employees
1
$149,716
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Betsy King Militello Executive Director 40.0
Key Emp
$136,228 $13,488 $149,716
Kwofe A Coleman President 1.0
Officer Director
$0 $0 $0
Kate Galvin VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
Anthony Rodriguez VICE PRESIDENT & treasurer 1.0
Officer Director
$0 $0 $0
Hillary Hart President - elect 1.0
Officer Director
$0 $0 $0
Eric Keen-Louie Secretary 1.0
Officer Director
$0 $0 $0
Bill Berry BOARD MEMBER 1.0
Director
$0 $0 $0
Snehal Desai BOARD MEMBER 1.0
Director
$0 $0 $0
Rick Edinger BOARD MEMBER 1.0
Director
$0 $0 $0
Mark Fleischer Board Member 1.0
Director
$0 $0 $0
Marguerite Hannah Board Member 1.0
Director
$0 $0 $0
Mac Ingram Board Member 1.0
Director
$0 $0 $0
Jennifer Jaquess Board Member 1.0
Director
$0 $0 $0
Aaron Thielen Board Member 1.0
Director
$0 $0 $0
Soren Moller Board Member 1.0
Director
$0 $0 $0
Susanna Gellert Board Member 1.0
Director
$0 $0 $0
Sharon Fallon Board Member 1.0
Director
$0 $0 $0
Brannon Bowers Board Member 1.0
Director
$0 $0 $0
Matt Morrow Board Member 1.0
Director
$0 $0 $0
Ashley Wells Board Member 1.0
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 No data No data No data No data
2024 $1,180,505 $1,213,892 $635,264 $-33,387
2023 $1,064,947 $1,094,252 $610,355 $-29,305
2022 $908,126 $913,916 $552,202 $-5,790
2021 $797,991 $763,964 $625,676 $34,027
2020 $921,569 $922,805 $498,506 $-1,236
2019 $1,015,072 $949,162 $455,922 $65,910
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