TWO RIVER THEATRE COMPANY INC

EIN: 521857757 501(c)(3) Arts, Culture & Humanities

RED BANK, NJ

Total Revenue
$7,013,317
Total Expenses
$9,146,623
Total Assets
$134,167,471
Net Assets
$133,112,281
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NJ
Principal Officer
NORA DEVEAU-ROSEN
Phone
7323451400
Tax Period
2024-07-01 to 2025-06-30

TWO RIVER THEATRE COMPANY INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.0M in total revenue in fiscal year 2024. Expenses of $9.1M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO CREATE GREAT AMERICAN THEATER BY DEVELOPING AND PRODUCING NEW WORKS AND WORLD MASTERPIECES THAT MOST RICHLY DIRECT OUR GAZE TO THE LIFE OF THE HUMAN SPIRIT. WE CULTIVATE AN AUDIENCE THAT CHERISHES THE INTIMATE JOY OF THEATER, ENRICHED WHEN SHARED BY A COMMUNITY OF OTHERS.

Program Service Accomplishments

Program 1
Expenses: $5,759,605 Revenue: $1,000,978

TWO RIVER'S 2024/25 SEASON FEATURED PRODUCTIONS FROM THE AMERICAN CANON, CONTEMPORARY AND CLASSIC ALIKE, THAT EXPLORE THEMES THAT APPEAL TO AN EXPANSIVE COMMUNITY AND THE AMERICAN EXPERIENCE. WE...

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TWO RIVER'S 2024/25 SEASON FEATURED PRODUCTIONS FROM THE AMERICAN CANON, CONTEMPORARY AND CLASSIC ALIKE, THAT EXPLORE THEMES THAT APPEAL TO AN EXPANSIVE COMMUNITY AND THE AMERICAN EXPERIENCE. WE PRODUCED WORKS ACROSS THE SPECTRUM FROM ONE OF THE MOST PROLIFIC AMERICAN PLAYWRIGHTS TO A WRITER'S FIRST-EVER PRODUCTION. AS WE CONTINUED TO REBUILD OUR AUDIENCES WITH MORE ECLECTIC AND INCLUSIVE PROGRAMMING, WE SAW A SURGE IN POSITIVE RESPONSE FROM OUR PATRONS, DONORS, AND ARTISTIC COMMUNITIES. THIS EXCITING SEASON INCLUDED: AMERICAN MARIACHI BY JOSE CRUZ GONZALEZ, DIAL M FOR MURDER BY JEFFREY HATCHER, THE WORLD PREMIERE OF VOS! BY CHRISTINA PUMARIEGA, AND THE PRICE BY ARTHUR MILLER.

Program 2
Expenses: $379,554 Revenue: $19,991

TWO RIVER'S ARTS EDUCATION PROGRAMS INTRODUCE PEOPLE OF ALL AGES TO THEATER AND CULTIVATE A NEW GENERATION OF THEATERGOERS. UTILIZING ARTS PRACTICE AND ARTS EXPOSURE, INITIATIVES INCLUDE: COMMUNITY...

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TWO RIVER'S ARTS EDUCATION PROGRAMS INTRODUCE PEOPLE OF ALL AGES TO THEATER AND CULTIVATE A NEW GENERATION OF THEATERGOERS. UTILIZING ARTS PRACTICE AND ARTS EXPOSURE, INITIATIVES INCLUDE: COMMUNITY PLAYMAKING: A NEW JOINT INITIATIVE WITH PROJECT WRITE NOW THAT FOSTERS CREATIVITY AND CONNECTION WITHIN OUR LOCAL COMMUNITY; A LITTLE SHAKES: AN ABRIDGED SHAKESPEARE PLAY, PERFORMED BY HIGH SCHOOLERS; METRO SCHOLARS: A YEAR-LONG PROGRAM FOR HIGH SCHOOLERS TO LEARN THE OPERATIONS OF A THEATER THROUGH WORKSHOPS, PERFORMANCES AND ASSISTANTSHIP; SUMMER INTENSIVES: A MULTI-WEEK CAMP WHERE STUDENTS CREATE AND PERFORM A SHOW IN ONE WEEK; STUDENT MATINEES & HAVE A SEAT: FREE TICKETS AND TRANSPORT TO A TRT SHOW; PLAY DATE: FREE CHILDCARE AND DISCOUNT TICKETS FOR CARETAKERS; THE ART OF SOCIAL JUSTICE: FREE WORKSHOPS THAT SUPPORT CONVERSATIONS ABOUT RACE THROUGH ART; SENSORY INCLUSIVE SHOWS: SHOWS CREATED TO WELCOME PEOPLE ON THE SPECTRUM; EMERGING PROFESSIONALS: A WORKFORCE DEVELOPMENT PROGRAM THAT SERVES AS AN INCUBATOR FOR EARLY-CAREER THEATER PROFESSIONALS, AND; BILINGUAL WORKFORCE DEVELOPMENT PROGRAM: IN PARTNERSHIP WITH THE COUNT BASIE CENTER FOR THE ARTS, THIS PROGRAM DEVELOPS EMPLOYMENT READINESS SKILLS AND PROVIDES JOBS TO LOCAL SPANISH-SPEAKING ADULTS AGES 16+.

Program 3
Expenses: $633,511

TWO RIVER SIGNIFICANTLY INVESTS INTO ARTISTIC ACTIVITIES TO CHAMPION THE NEXT VOICES IN THE THROUGH NEW PLAY DEVELOPMENT. EACH YEAR, WE PRODUCE 4-6 ARTISTIC DEVELOPMENT WORKSHOPS; HOST WRITERS'...

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TWO RIVER SIGNIFICANTLY INVESTS INTO ARTISTIC ACTIVITIES TO CHAMPION THE NEXT VOICES IN THE THROUGH NEW PLAY DEVELOPMENT. EACH YEAR, WE PRODUCE 4-6 ARTISTIC DEVELOPMENT WORKSHOPS; HOST WRITERS' RETREATS WITH OUR REGIONAL THEATER PARTNERS; COMMISSION AT LEAST ONE TO TWO PLAYWRIGHTS EACH SEASON; AND PRODUCE CROSSING BORDERS/CRUZANDO FRONTERAS FESTIVAL, A FREE PUBLIC EVENT THAT FEATURES FREE PLAY READINGS AND LIVE MUSIC BY LATINE ARTISTS. SINCE 2010, WE HAVE PRODUCED THE WORLD OR AMERICAN PREMIERES OF 23 PLAYS AND MUSICALS, 8 OF WHICH WERE TWO RIVER COMMISSIONS. COMMISSIONS IN DEVELOPMENT INCLUDE PLAYS AND MUSICALS BY CHRISTOPHER ANSELMO & JARED CORAK, NGOZI ANYANWU, JACLYN BACKHAUS, JESSICA HAGEDORN, JOE ICONIS, JAMES IJAMES, ELIANA PIPES, AND CHRISTINA PUMARIEGA.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,774,938
Program Service Revenue $912,792
Investment Income $3,321,106
Other Revenue $4,481
TOTAL REVENUE $7,013,317

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,385,175
Fundraising Expenses $1,132,058
Program Expenses $6,772,670
Other Expenses $4,761,448
TOTAL EXPENSES $9,146,623

Year-over-Year Comparison

2024 2023 Change
Revenue $7,013,317 $6,752,957 +0.0%
Expenses $9,146,623 $8,568,853 +0.1%
Net Income $-2,133,306 $-1,815,896 +0.2%
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
21
Independent Members
19
Employees
255
Volunteers
21

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
7
$363,055
Total Directors
21
$0
Key Employees
1
$249,723
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD MCKENNA PRESIDENT 10.00
Officer Director
$0 $0 $0
MARILYN BROEGE CO-VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
SAMUEL G HUBER CO-VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
GEOFFREY SADWITH SECRETARY 10.00
Officer Director
$0 $0 $0
ANNE MARIE SCHULTZ TREASURER 10.00
Officer Director
$0 $0 $0
DR ANN BAGCHI BOARD MEMBER 5.00
Director
$0 $0 $0
AMANDA BUTTERBAUGH BOARD MEMBER 5.00
Director
$0 $0 $0
ELIZABETH COLUMBO BOARD MEMBER 5.00
Director
$0 $0 $0
CRYSTAL DICKINSON BOARD MEMBER 5.00
Director
$0 $0 $0
DELISHA GRANT BOARD MEMBER 5.00
Director
$0 $0 $0
KENNY KING BOARD MEMBER 5.00
Director
$0 $0 $0
BRIAN LEDDIN BOARD MEMBER 5.00
Director
$0 $0 $0
TONY MENESES BOARD MEMBER 5.00
Director
$0 $0 $0
LAUREN NICOSIA BOARD MEMBER 5.00
Director
$0 $0 $0
CATHY PUGLIESE-SIVO BOARD MEMBER 5.00
Director
$0 $0 $0
ADAM RECHNITZ BOARD MEMBER 5.00
Director
$0 $0 $0
JOAN RECHNITZ BOARD MEMBER 5.00
Director
$0 $0 $0
JOANNE SPEARS BOARD MEMBER 5.00
Director
$0 $0 $0
MARY CAROL STUNKEL BOARD MEMBER 5.00
Director
$0 $0 $0
SUSAN WHYMAN BOARD MEMBER 5.00
Director
$0 $0 $0
RICHARD WORLEY BOARD MEMBER 5.00
Director
$0 $0 $0
NORA DEVEAU-ROSEN MANAGING DIRECTOR 40.00
Officer
$238,000 $10,897 $248,897
MAYA GEORGE DIRECTOR OF FINANCE 40.00
Officer
$102,351 $11,807 $114,158
JUSTIN WALDMAN ART DIRECTOR 40.00
Key Emp
$238,000 $11,723 $249,723
LAUREN N KELLY PRODUCING DIRECTOR 40.00
Highest
$112,844 $16,762 $129,606
RIVAS MEGAN E DIRECTOR OF DEVELOPMENT 40.00
Highest
$114,474 $10,899 $125,373
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 $7,013,317 $9,146,623 $134,167,471 $-2,133,306
2024 $6,752,957 $8,568,853 $126,664,539 $-1,815,896
2023 $6,124,532 $7,962,283 $118,563,924 $-1,837,751
2022 $8,730,887 $7,670,730 $118,390,467 $1,060,157
2021 $4,214,788 $5,898,858 $129,619,755 $-1,684,070
2020 $2,546,861 $6,953,895 $103,197,018 $-4,407,034
2019 $15,738,092 $7,537,047 $110,777,215 $8,201,045
2018 $13,181,968 $6,597,456 $100,097,212 $6,584,512
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