VANGUARD THEATER COMPANY

EIN: 473543143 501(c)(3) Arts, Culture & Humanities

MONTCLAIR, NJ

Total Revenue
$1,535,039
Total Expenses
$1,512,761
Total Assets
$544,318
Net Assets
$-69,049
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NJ
Phone
8622053525
Tax Period
2024-10-01 to 2025-09-30

VANGUARD THEATER COMPANY, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

Vanguard Theater Company (VTC), founded by two Black artists, provides equitable opportunity, training, and access to theater artists and audiences. VTC is changing the narrative through theater dedicated to DREAM: Diversity, Reciprocity, Education, Activism and Mentorship. VTC creates a space for individuals of different racial and socio-economic backgrounds and life circumstances to address issues of social justice through theater.

Program Service Accomplishments

Program 1
Expenses: $533,188

VTC challenges conventional social and cultural narratives through theater dedicated to DREAM: Diversity, Reciprocity, Education, Activism, & Mentorship. The vision of VTC is to be recognized as a...

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VTC challenges conventional social and cultural narratives through theater dedicated to DREAM: Diversity, Reciprocity, Education, Activism, & Mentorship. The vision of VTC is to be recognized as a model for purposeful inclusion of diverse voices and stories; casting and leadership that reflects our community and partnerships that propel cross community conversations with non-arts organizations, including public, private and higher education, government entities and advocacy groups. Ultimately, VTC ensures that stories get told in ways that spark new thought and conversation about bias and its consequences.

Program 2
Expenses: $470,820

VTC identifies and helps develop the next generation of playwrights, composers, lyricists, performers, and stagecraft artists from races and communities that have historically faced institutional and...

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VTC identifies and helps develop the next generation of playwrights, composers, lyricists, performers, and stagecraft artists from races and communities that have historically faced institutional and structural barriers to mainstream musical theater. VTCs ongoing educational and training programming, which reaches more than 500 students annually, includes DREAM VTC,an education and performance program for ages 12-18 that emulates a professional production experience as well as VTC Kids, our foundational program for students ages 7-12. All of the education programs emphasize using the arts to give back to the community. The VTC signature mentorship programs are of critical importance in the efforts to challenge narratives.

Program 3
Expenses: $285,686

Summerstock, a 2-week residential camp is an intensive, by-audition, performing arts experience for serious musical theater students, ages 12-19, in residence at Camp in NJ. Students learn critical...

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Summerstock, a 2-week residential camp is an intensive, by-audition, performing arts experience for serious musical theater students, ages 12-19, in residence at Camp in NJ. Students learn critical theater skills and life lessons. For many it is their first experience living and working outside of their socio-economic and demographic bubbles. For some, it is their first opportunity living in nature and engaging in traditional camp activities. The staff is led by professional actors and directors, and approximately 112 campers perform five fully produced shows in two weeks time. In addition to show rehearsals, campers take workshops in a variety of areas including: Songwriting, Shakespeare, Musical Theater Dance, Music Theory, Sight Reading and Character Analysis. Recreational activities such as: swimming, boating, archery, hiking, and nightly campfires, perfectly round out the camp experience.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $507,955
Program Service Revenue $924,777
Investment Income $0
Other Revenue $102,307
TOTAL REVENUE $1,535,039

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,950
Fundraising Expenses $65,296
Program Expenses $1,289,694
Other Expenses $1,318,811
TOTAL EXPENSES $1,512,761

Year-over-Year Comparison

2024 2023 Change
Revenue $1,535,039 $1,175,036 +0.3%
Expenses $1,512,761 $1,270,798 +0.2%
Net Income $22,278 $-95,762 -1.2%
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
15
Independent Members
15
Employees
8
Volunteers
23

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
$43,888
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Janeece Freeman-Clark Artistic Director 40.00
$55,276 $0 $55,276
Cathi Flanagan Acting Treas. 0.00
Officer
$30,088 $0 $30,088
Terri Gorgone Secretary 3.00
Officer
$13,800 $0 $13,800
Patty Gonzalez Trustee 1.00
Director
$0 $0 $0
Anuraj Bismal Trustee 3.00
Director
$0 $0 $0
Jessica Sporn Trstee Emeritus 0.00
Director
$0 $0 $0
Hilary Hoover Trustee 1.00
Director
$0 $0 $0
Stacey Kilkenney Trustee 1.00
Director
$0 $0 $0
Meryl Budnick Trustee 10.00
Director
$0 $0 $0
MaryBeth Boger President 3.00
Officer Director
$0 $0 $0
Jennene Tierney Trustee 1.00
Director
$0 $0 $0
Ilena Silverman Trustee 1.00
Director
$0 $0 $0
Veena Raj Trustee 1.00
Director
$0 $0 $0
Kate Larsen Trustee 1.00
Director
$0 $0 $0
Elaine Schwartz Trustee 1.00
Director
$0 $0 $0
Lindsay Roberts Greene Trustee 1.00
Director
$0 $0 $0
Melani Wilson Smith Trustee 1.00
Director
$0 $0 $0
Genevieve Wrenn Trustee 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 $1,535,039 $1,512,761 $544,318 $22,278
2024 No data No data No data No data
2023 $992,469 $1,171,682 $347,749 $-179,213
2023 $393,281 $429,657 $449,571 $-36,376
2022 $961,898 $868,434 $476,638 $93,464
2021 $473,786 $412,019 $386,404 $61,767
2020 $552,592 $503,310 $262,887 $49,282
2019 $411,103 $412,349 $107,459 $-1,246
2018 $215,638 $259,662 $30,804 $-44,024
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