MIAMI NEW DRAMA

EIN: 471690840 501(c)(3) Arts, Culture & Humanities

MIAMI, FL

Total Revenue
$4,571,442
Total Expenses
$4,818,309
Total Assets
$1,571,763
Net Assets
$92,884
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
FL
Principal Officer
NICHOLAS RICHBERG
Tax Period
2023-10-01 to 2024-09-30

MIAMI NEW DRAMA, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2023.

Mission

MIAMI NEW DRAMA IS A NONPROFIT PROFESSIONAL THEATER COMPANY BASED IN MIAMI BEACH, FLORIDA, AND IS COMMITTED TO ARTISTIC EXCELLENCE AND GROUNDBREAKING WORK WITH A VISION OF THEATER AS A POWERFUL FORM OF SOCIAL ENGAGEMENT. IN RESIDENCE AT THE HISTORIC COLONY THEATER ON MIAMI BEACH, THE COMPANY FOCUSES ON THE DEVELOPMENT OF NEW PLAYS AND MUSICALS IN BOTH ENGLISH AND SPANISH.

Program Service Accomplishments

Program 1
Expenses: $4,363,808

MIAMI NEW DRAMA PRODUCED AND CO-PRODUCED SIX MAJOR THEATRICAL PRODUCTIONS AND HOSTED 14 RENTAL EVENTS DURING THE FISCAL YEAR, TOTALING 147 PERFORMANCES AND SERVING 27,547 AUDIENCE MEMBERS. THESE...

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MIAMI NEW DRAMA PRODUCED AND CO-PRODUCED SIX MAJOR THEATRICAL PRODUCTIONS AND HOSTED 14 RENTAL EVENTS DURING THE FISCAL YEAR, TOTALING 147 PERFORMANCES AND SERVING 27,547 AUDIENCE MEMBERS. THESE INCLUDED WORLD PREMIERES AND CULTURALLY SIGNIFICANT WORKS SUCH AS LAS AVENTURAS DE JUAN PLANCHARD, TWO SISTERS AND A PIANO, DANGEROUS DAYS, EN LA VIDA HAY AMORES, AND PURAS COSAS MARAVILLOSAS. THESE PRODUCTIONS CONTRIBUTED TO THE CULTURAL ENRICHMENT OF THE MIAMI BEACH COMMUNITY AND ELEVATED THE CITY'S REPUTATION AS A CENTER FOR INNOVATIVE THEATER. THE ORGANIZATION PROVIDED ARTS EDUCATION TO OVER 500 STUDENTS THROUGH IN- SCHOOL RESIDENCY PROGRAMS, STEAM+ WORKSHOPS, AND SUMMER THEATER INTENSIVES. THESE PROGRAMS WERE DELIVERED IN PARTNERSHIP WITH LOCAL PUBLIC SCHOOLS AND COMMUNITY INSTITUTIONS, OFFERING STUDENTS HANDS-ON EXPERIENCE IN ACTING, PLAYWRITING, DESIGN, AND TECHNICAL THEATER. OVER 90% OF SUMMER PARTICIPANTS RECEIVED FULL OR PARTIAL SCHOLARSHIPS. COMMUNITY OUTREACH INITIATIVES, INCLUDING THE "WE SAVED YOU A SEAT" PROGRAM, PROVIDED FREE ACCESS TO OVER 160 GUESTS FROM UNDERSERVED COMMUNITIES, NONPROFIT ORGANIZATIONS, AND EDUCATIONAL INSTITUTIONS. STUDENT MATINEES OF TWO SISTERS AND A PIANO REACHED 763 STUDENTS AND EDUCATORS FROM 16 SCHOOLS, WITH EDUCATIONAL MATERIALS AND POST-SHOW DISCUSSIONS ENHANCING THE EXPERIENCE. FACILITY IMPROVEMENTS AT THE COLONY THEATRE INCLUDED UPGRADES TO LIGHTING, SOUND, HVAC, AND ELEVATOR SYSTEMS, ENHANCING SAFETY, ACCESSIBILITY, AND AUDIENCE EXPERIENCE. THESE ACCOMPLISHMENTS REFLECT MIAMI NEW DRAMA'S COMMITMENT TO ARTISTIC EXCELLENCE, EDUCATIONAL OUTREACH, AND COMMUNITY IMPACT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,955,368
Program Service Revenue $2,318,107
Investment Income $118,013
Other Revenue $179,954
TOTAL REVENUE $4,571,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,019,065
Fundraising Expenses $44,700
Program Expenses $4,363,808
Other Expenses $2,799,244
TOTAL EXPENSES $4,818,309

Year-over-Year Comparison

2023 2022 Change
Revenue $4,571,442 $4,637,706 0.0%
Expenses $4,818,309 $4,347,678 +0.1%
Net Income $-246,867 $290,028 -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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Governance

Voting Members
21
Independent Members
21
Employees
157
Volunteers
N/A

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
4
$81,000
Total Directors
20
$81,538
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHEL HAUSMANN DIRECTOR 40.00
Director
$81,538 $0 $81,538
NICHOLAS RICHBERG MANAGING DIR 40.00
Officer
$81,000 $0 $81,000
STEVEN BANDEL DIRECTOR 1.00
Director
$0 $0 $0
GARY FARMER DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDER GALSKY TREASURER 1.00
Officer Director
$0 $0 $0
LAWRENCE GRAGG DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN GRAGG DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
JAMES HARRISON DIRECTOR 1.00
Director
$0 $0 $0
ANDREA KREUTZBERGER DIRECTOR 1.00
Director
$0 $0 $0
PATRICIO KREUTZBERGER DIRECTOR 1.00
Director
$0 $0 $0
NICK LEONE DIRECTOR 1.00
Director
$0 $0 $0
HELENE LINDENFELD DIRECTOR 1.00
Director
$0 $0 $0
MARTIN LINDENFELD DIRECTOR 1.00
Director
$0 $0 $0
CHARLES MILLION VICE CHAIR 1.00
Director
$0 $0 $0
EDUARDO MULLER DIRECTOR 1.00
Director
$0 $0 $0
ENRIQUE NORTEN DIRECTOR 1.00
Director
$0 $0 $0
AMY SCHARLIN DIRECTOR 1.00
Director
$0 $0 $0
DAVID MICHAEL SCHARLIN BOARD CHAIR 5.00
Officer Director
$0 $0 $0
DAVID SCHRADER DIRECTOR 1.00
Director
$0 $0 $0
ANDRE WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
YAEL MULLER SECRETARY 1.00
Officer
$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
2024 $4,571,442 $4,818,309 $1,571,763 $-246,867
2023 $4,637,706 $4,347,678 $1,914,747 $290,028
2022 $5,205,110 $5,137,929 $596,200 $67,181
2021 $2,353,373 $2,041,069 $1,012,464 $312,304
2020 $1,911,479 $2,684,262 $164,166 $-772,783
2019 $3,442,748 $2,641,525 $799,811 $801,223
2018 $1,874,477 $2,015,391 $106,810 $-140,914
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