Home for Contemporary Theatre and … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Lanxing Fu

Phone

2126470202

Tax Period

2024-09-01 to 2025-08-31

Home for Contemporary Theatre and Art Ltd dba HERE Art Center, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $861K, a strong 26% operating margin.

Mission

HERE builds an inclusive community that nurtures artists of all backgrounds as they disrupt conventional expectations to create innovative performances in theatre, dance, music, puppetry, media, and visual art.

Program Service Accomplishments

Program 1

Expenses: $1,938,389 Revenue: $514,273

HERE's artistic programming is organized under two umbrellas: HERE Produces, whichincludes the HERE Artist Residency Program (HARP), and Dream Music Puppetry; and HERE Presents, which includes...

HERE's artistic programming is organized under two umbrellas: HERE Produces, whichincludes the HERE Artist Residency Program (HARP), and Dream Music Puppetry; and HERE Presents, which includes PROTOTYPE Festival and the SubletSeries@HERE.Annually HERE brings 35-40 projects to life, working with over 500 artists and seen by an average of 24,000 audience members in New York City. HARP is a multi-year artist residency that provides up to $125,000 in direct and in-kind commissioning, development, and producing support. During FY2025, the HARP cohort artists received year-round guidance and assistance from HERE staff and opportunities to showcase work in process at HERE and through partnerships with other local nonprofits. Three HARP projects were premiered by HERE, graduating its artists from our residency program: LEIMAYs A MEAL (September 2024), [UNTITLED MINIATURE] by Joshua Gelb (February 2025) and Shayok Misha Chaudhrys RHEOLOGY (April 2025). Our PROTOTYPE 2025 festival included nine music based events performed in six Manhattan venues from January 10 to 21st, 2024 including Black Lodge by composer David T. Little and librettist Anne Waldman, directed by Thurston Moore (New York premiere, BRIC Arts); Eat the Document by composer John Glover, librettist Kelley Rourke, directed by Kristin Marting (World Premiere, HERE Arts Center); In a Grove by composer Christopher Cerrone, librettist Stephanie Fleischmann (New York premiere, La MaMa); Telekinetik: A Catapult Opera Production by composer Khary Laurent, director George Cederquist; and Positive Vibration Nation created and performed by Sol Ruiz, directed by Teo Castellanos (New York premiere, HERE Arts Center). Dream Music Puppetry's Puppetopia festival featured 3 new works of puppetry for adults on HERE's Mainstage and Dorothy B. Williams Theatre. The FY2025 season also included a Dream Music Puppetry Program Co-Presentation ANYWHERE by French company Theatre de lEntrouvert. SubletSeries@HERE provides discount rental rates to small companies and individualartists so they may realize their productions on an Off-Broadway stage. Projects wereidentified through a free and open application process. During FY25, SubletSeriessupported 19 productions and one festival, which also received free or deeplydiscounted access to technical equipment for the stage. Projects included TWO SISTERS FIND A BOX OF LESBIAN EROTICA IN THE WOODS, ROOM ROOM ROOM and NATIONAL QUEER THEATERS CRIMINAL QUEERNESS FESTIVAL. The FY25 year also featured archival and commissioned works on URHERE, our new digital platform. Commissioned works included [UNTITLED MINIATURE] by Joshua Gelb.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,697,284

Program Service Revenue $514,273

Investment Income $205

Other Revenue $38,995

TOTAL REVENUE $3,250,757

Expense Breakdown

Grants Paid $36,308

Salaries & Benefits $1,288,526

Fundraising Expenses $113,719

Program Expenses $1,938,389

Other Expenses $1,064,613

TOTAL EXPENSES $2,389,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,250,757	$2,209,855	+0.5%
Expenses	$2,389,447	$3,073,743	-0.2%
Net Income	$861,310	$-863,888	-2.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

216

Volunteers

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

Total Directors

$178,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristin Marting	Artistic Director	40.00		$88,756	$11,666	$100,422
Lanxing Fu	Co-Director	40.00	Director	$40,215	$3,886	$44,101
Lauren Miller	Co-Director	40.00	Director	$40,215	$3,886	$44,101
Annalisa Dias	Co-Director	40.00	Director	$40,194	$3,865	$44,059
Jesse Cameron Alick	Co-Director	40.00	Director	$40,215	$3,840	$44,055
Barbara Busackino	Member	10.00	Director	$1,838	$0	$1,838
Michael Champness	Treasurer	2.00	Officer Director	$0	$0	$0
Abigail Gampel	Member	1.00	Director	$0	$0	$0
Setareh Mirhosseini	Member	1.00	Director	$0	$0	$0
Tim Maner	Member	1.00	Director	$0	$0	$0
Brenna Thomas	Member	1.00	Director	$0	$0	$0
Charles Garrett	Member	1.00	Director	$0	$0	$0
Christina Pan	Member	1.00	Director	$0	$0	$0
Alan Ostroff	Member	1.00	Director	$0	$0	$0
Paul Pinto	Member	1.00	Director	$0	$0	$0
Kamala Sankaram	Secretary	1.00	Officer Director	$0	$0	$0
Amy Segal	Member	1.00	Director	$0	$0	$0
Robert Walport	Vice-Chair	1.00	Officer Director	$0	$0	$0
Jennifer Suh Whitfield	Board Chair	10.00	Officer Director	$0	$0	$0
Tommy Young	Member	1.00	Director	$0	$0	$0
Teresa Woods Pena	Member	1.00	Director	$0	$0	$0
China Young	Member	1.00	Director	$0	$0	$0
Brian Warren	Member	1.00	Director	$0	$0	$0
Justin Deabler	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	$3,250,757	$2,389,447	$3,206,992	$861,310
2024	$2,209,855	$3,073,743	$2,506,749	$-863,888
2023	$2,236,630	$2,876,378	$3,234,113	$-639,748
2022	$3,052,814	$3,716,148	$3,913,924	$-663,334
2021	$3,072,638	$1,928,104	$5,118,891	$1,144,534
2020	$1,994,627	$2,902,097	$3,909,352	$-907,470
2019	$2,682,929	$2,918,649	$4,381,794	$-235,720
2018	$3,966,820	$3,338,758	$4,803,820	$628,062

Home for Contemporary Theatre and Art Ltd dba HERE Art Center