THEATRE DEVELOPMENT FUND INC

EIN: 136216919 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$20,416,435
Total Expenses
$19,502,342
Total Assets
$17,386,989
Net Assets
$9,367,322
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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NY
Phone
2129129770
Tax Period
2024-07-01 to 2025-06-30

THEATRE DEVELOPMENT FUND INC, founded in 1967, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $20.4M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $19.5M left a modest 4% surplus.

Mission

THEATRE DEVELOPMENT FUND, INC.(TDF), A NOT-FOR-PROFIT ORGANIZATION FOUNDED IN 1967 TO PROMOTE THE PERFORMING ARTS, IS A BROADLY-ORIENTED SERVICE AND ADVOCACY ORGANIZATION DEDICATED TO BRINGING THE POWER OF THE PERFORMING ARTS TO EVERYONE. TDF'S ACTIVITIES FALL INTO THREE AREAS. TDF EXPANDS ACCESS, MAKING THE PERFORMING ARTS ACCESSIBLE TO ALL BY REMOVING CULTURAL, PHYSICAL AND FINANCIAL BARRIERS. TDF CULTIVATES COMMUNITIES OF THEATERGOERS, BY ENGAGING, EDUCATING AND ENCOURAGING PEOPLE TO MAKE THE PERFORMING ARTS AN ESSENTIAL PART OF THEIR LIVES. TDF SUPPORTS THEATRE MAKERS AND SUSTAINS CREATORS AND ADVANCES THE INDUSTRY THROUGH CONVENINGS, RESEARCH, AND THE TDF COSTUME COLLECTION. THROUGH ITS PROGRAMS, TDF BRINGS THEATRE INTO THE LIVES OF OVER 1,000,000 PEOPLE PER YEAR. TDF'S EFFORTS ARE PRIMARILY FOCUSED IN NEW YORK, BUT IT HAS ALSO BEEN INVOLVED IN AUDIENCE DEVELOPMENT EFFORTS FOR THE PERFORMING ARTS ACROSS THE UNITED STATES AND, ON A LIMITED BASIS, INTERNATIONALLY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,477,171
Program Service Revenue $14,438,781
Investment Income $945,387
Other Revenue $555,096
TOTAL REVENUE $20,416,435

Expense Breakdown

Grants Paid $144,500
Salaries & Benefits $10,992,894
Fundraising Expenses $1,571,280
Program Expenses $15,005,309
Other Expenses $8,364,948
TOTAL EXPENSES $19,502,342

Year-over-Year Comparison

2024 2023 Change
Revenue $20,416,435 $17,455,169 +0.2%
Expenses $19,502,342 $17,455,265 +0.1%
Net Income $914,093 $-96 -9522.8%
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
26
Independent Members
26
Employees
155
Volunteers
26

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
3
$925,866
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY CHIN SECRETARY 1.0
Director
$0 $0 $0
ARI TEPLITZ TRUSTEE 1.0
Director
$0 $0 $0
CAROL WOOD MOORE TRUSTEE 1.0
Director
$0 $0 $0
DILLAN ARRICK TRUSTEE 1.0
Director
$0 $0 $0
DONNA WILLIAMS TRUSTEE 1.0
Director
$0 $0 $0
EARL D WEINER TRUSTEE 1.0
Director
$0 $0 $0
EILEEN SILVERS TRUSTEE 1.0
Director
$0 $0 $0
GWEN MARCUS CHAIRPERSON 6.0
Director
$0 $0 $0
HECTOR LOZADA VICE-CHAIRPERSON 1.0
Director
$0 $0 $0
HOLLY COHEN TRUSTEE 1.0
Director
$0 $0 $0
HOLLY HYNES TRUSTEE 1.0
Director
$0 $0 $0
JACQUELINE LICALZI TRUSTEE 1.0
Director
$0 $0 $0
JANE SHIN PARK TRUSTEE 1.0
Director
$0 $0 $0
JOSEPH GIRALDI TRUSTEE 1.0
Director
$0 $0 $0
LAURIE ERLANDSON TRUSTEE 1.0
Director
$0 $0 $0
MARY GOOD TRUSTEE 1.0
Director
$0 $0 $0
MEG HERRMAN TRUSTEE 1.0
Director
$0 $0 $0
NICOLE HART TRUSTEE 1.0
Director
$0 $0 $0
PENNY PETERS TRUSTEE 1.0
Director
$0 $0 $0
ROBERT FRIED TREASURER/VICE CHAIRPERSON 1.0
Director
$0 $0 $0
RUTH SARFATY TRUSTEE 1.0
Director
$0 $0 $0
SANDRA DANZIGER TRUSTEE 1.0
Director
$0 $0 $0
SANDRA WISHNICK TRUSTEE 1.0
Director
$0 $0 $0
TERRY FITZPATRICK TRUSTEE 1.0
Director
$0 $0 $0
THOMAS O'CONNOR TRUSTEE 1.0
Director
$0 $0 $0
VEENA MOSUR TRUSTEE 1.0
Director
$0 $0 $0
DEEKSHA GAUR EXECUTIVE DIRECTOR 35.0
Officer
$297,516 $72,084 $369,600
MICHAEL NAUMANN MANAGING DIRECTOR 35.0
Officer
$270,990 $45,751 $316,741
OWEN WILES VICE-PRESIDENT, FINANCE & ADMINISTRATION 35.0
Officer
$178,369 $61,156 $239,525
JULIAN CHRISTENBERRY DIRECTOR, TICKETING PROGRAMS 35.0
Highest
$194,405 $54,897 $249,302
STEPHEN CABRAL VICE-PRESIDENT, TDF COSTUME COLLECTION 35.0
Highest
$153,125 $34,313 $187,438
TYMAND STAGGS VICE-PRESIDENT, TECHNOLOGY 35.0
Highest
$172,971 $38,532 $211,503
WHITNEY ESTRIN VICE-PRESIDENT, DEVELOPMENT 35.0
Highest
$171,324 $53,245 $224,569
WILLIAM ROEDER TKTS HEAD TREASURER 35.0
Highest
$187,859 $41,410 $229,269
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 $20,416,435 $19,502,342 $17,386,989 $914,093
2024 $17,455,169 $17,455,265 $16,159,936 $-96
2023 $16,330,909 $15,608,225 $17,206,910 $722,684
2022 $12,739,705 $11,631,988 $10,654,511 $1,107,717
2021 $6,521,233 $7,123,915 $11,719,281 $-602,682
2020 $15,087,127 $16,918,322 $10,590,024 $-1,831,195
2019 $20,098,157 $18,550,589 $11,466,282 $1,547,568
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