THE NATIONAL THEATRE FOUNDATION

EIN: 521014217 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$2,575,362
Total Expenses
$1,921,424
Total Assets
$7,546,637
Net Assets
$6,822,286
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
DC
Principal Officer
CHARLES C WILKES
Phone
2027833370
Tax Period
2024-09-01 to 2025-08-31

THE NATIONAL THEATRE FOUNDATION, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $654K, a strong 25% operating margin.

Mission

THE NATIONAL THEATRE FOUNDATION OVERSEES AND PRESERVES ONE OF AMERICA'S MOST ICONIC THEATRES TOWARD AN INNOVATIVE AND INCLUSIVE FUTURE. WHILE SERVING AS THE PRIMARY HOME FOR BROADWAY IN OUR NATION'S CAPITAL, THE FOUNDATION ALSO PRESENTS COMPELLING EDUCATIONAL AND COMMUNITY PROGRAMS, MAINTAINS AND PRESERVES THE THEATRE'S HISTORIC ARCHIVE, AND IS RESPONSIBLE FOR FACILITY IMPROVEMENTS AND SERVICES.

Program Service Accomplishments

Program 1
Expenses: $1,128,432 Revenue: $1,531,348

NTF WORKS WITH THE NEDERLANDER ORGANIZATION TO PROGRAM THE MAIN STAGE SEASON. THE 24/25 SEASON INCLUDED 20 PRODUCTIONS, MAINLY TOURING BROADWAY PRODUCTIONS. IN ADDITION TO MAIN STAGE PROGRAMMING, NTF...

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NTF WORKS WITH THE NEDERLANDER ORGANIZATION TO PROGRAM THE MAIN STAGE SEASON. THE 24/25 SEASON INCLUDED 20 PRODUCTIONS, MAINLY TOURING BROADWAY PRODUCTIONS. IN ADDITION TO MAIN STAGE PROGRAMMING, NTF PRESENTS FREE COMMUNITY ENGAGEMENT PROGRAMS THAT INCLUDE "SATURDAY MORNING LIVE!", "COMMUNITY STAGE CONNECTIONS", AND "TEENS BEHIND THE SCENES". IN FISCAL YEAR 2025, "SATURDAY MORNING LIVE!" PRESENTED 9 PRODUCTIONS ONSITE WITH LOCAL PARTNERS TO ENGAGE AND INSPIRE CHILDREN AGED 3-6 YEARS OLD AND THEIR FAMILIES. THESE PROGRAMS ARE FREE FOR THE AUDIENCES AND HELD AT 9:30 AND 11 AM ON SELECT SATURDAYS, PRIMARILY IN THE HELEN HAYES LOUNGE AT THE NATIONAL THEATRE.THE "COMMUNITY STAGE CONNECTIONS" PROGRAM PAYS A ROSTER OF LOCAL ARTISTS TO PERFORM AT COMMUNITY ORGANIZATIONS FOR THOSE INDIVIDUALS WHO FACE BARRIERS TO PERFORMANCE ARTS EXPERIENCES. VENUES INCLUDE SENIOR CITIZEN CENTERS AND CHILDREN'S NATIONAL HOSPITAL. THESE PERFORMANCES ARE FREE FOR THE AUDIENCES. IN FISCAL YEAR 2025, NTF HOSTED 80 PERFORMANCES. "TEENS BEHIND THE SCENES" WELCOMED STUDENTS TO ATTEND PERFORMANCES IN THE BROADWAY AT THE NATIONAL SEASON AND PARTICIPATE IN A POST-SHOW TALKBACK WITH A DRAMATURG. STUDENTS PARTICIPATED FOR FREE AND RECEIVED A STUDY GUIDE CREATED BY THE DRAMATURG. IN FISCAL YEAR 2025, NTF WELCOMED STUDENTS TO 13 SHOWS. INTERVIEWS WITH GUESTS FROM THE PRODUCTIONS WERE CONDUCTED IN PERSON AT THE POST-SHOW TALKBACK AND VIRTUALLY TO PROVIDE STUDENTS WITH INSIGHTS INTO THEATRE INDUSTRY CAREERS. IN ADDITION TO THESE THREE MAIN PROGRAMS, NTF ALSO DEVELOPED A NEW PARTNERSHIP WITH DC PUBLIC LIBRARY, WHICH SAW ARTISTS FROM SEVEN "SATURDAY MORNING LIVE!" PROGRAMS MAKE ADDITIONAL APPEARANCES AT LIBRARY BRANCHES AROUND THE CITY. AS WITH "SATURDAY MORNING LIVE!" THESE PROGRAMS ARE FREE AND OPEN TO THE PUBLIC. NTF ALSO CONTINUED "AFTERWORDS," A NEW SERIES OF TALKBACKS FOLLOWING SELECT MAINSTAGE PERFORMANCES. FINALLY, NTF CONTINUED PROCESSING THE COLLECTION IN THE NATIONAL THEATRE ARCHIVE THROUGHOUT FISCAL YEAR 2025.

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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 $766,757
Program Service Revenue $1,531,348
Investment Income $43,018
Other Revenue $234,239
TOTAL REVENUE $2,575,362

Expense Breakdown

Grants Paid $0
Salaries & Benefits $724,108
Fundraising Expenses $388,027
Program Expenses $1,128,432
Other Expenses $1,197,316
TOTAL EXPENSES $1,921,424

Year-over-Year Comparison

2024 2023 Change
Revenue $2,575,362 $1,460,650 +0.8%
Expenses $1,921,424 $1,721,025 +0.1%
Net Income $653,938 $-260,375 -3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
12
Volunteers
18

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
$124,821
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES C WILKES CHAIRMAN 10.00
Officer Director
$0 $0 $0
GENEVIEVE MCSWEENEY RYAN VICE CHAIR 6.00
Officer Director
$0 $0 $0
DONALD J BORUT TREASURER 10.00
Officer Director
$0 $0 $0
CAROL LAXALT SECRETARY 6.00
Officer Director
$0 $0 $0
JOHN B ADAMS JR CHAIR EMERITUS 2.00
Director
$0 $0 $0
RENE AUGUSTINE DIRECTOR 6.00
Director
$0 $0 $0
DARYN DODSON DIRECTOR 2.00
Director
$0 $0 $0
PETER JABLOW DIRECTOR 2.00
Director
$0 $0 $0
JONATHAN KIRN DIRECTOR 2.00
Director
$0 $0 $0
FREDERICK L KLEIN DIRECTOR 2.00
Director
$0 $0 $0
JEAN KOMENDERA DIRECTOR 2.00
Director
$0 $0 $0
VIRGINIA I LAYTHAM DIRECTOR 2.00
Director
$0 $0 $0
DANIEL J O'NEILL JR DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL C ROGERS DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL G RYAN DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINA SILBERMAN DIRECTOR 2.00
Director
$0 $0 $0
ANTHONY A WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
KAREN HARDWICK DIRECTOR 2.00
Director
$0 $0 $0
BERYL JOLLY CHIEF EXECUTIVE OFFICER (AS OF 6/2024) 40.00
Officer
$120,912 $3,909 $124,821
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 $2,575,362 $1,921,424 $7,546,637 $653,938
2024 $1,460,650 $1,721,025 $7,142,026 $-260,375
2023 $1,746,643 $1,562,874 $6,907,905 $183,769
2022 $1,353,760 $1,539,194 $6,261,563 $-185,434
2021 $1,057,066 $1,414,417 $6,552,307 $-357,351
2020 $1,628,699 $1,093,708 $6,844,837 $534,991
2019 $2,983,860 $979,411 $6,718,216 $2,004,449
2018 $2,907,572 $685,651 $4,895,796 $2,221,921
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