Civic Intelligence

The Vivian Beaumont Theater Inc D/B/A Lincoln Center Theater

EIN 13-3004747 • 501(c)3 • New York, NY

Profile

The organization's purpose is to promote the highest standards of excellence in the theater and the performing arts, primarily through the production and performance of plays and musicals for the general public, as well as various developmental and educational activities.

Refreshing map…

150 W 65th StreetNew York, NY 10023-6975

www.lct.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.04x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

17th percentile

0.10x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

79th percentile

$984,502

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

50th percentile

5.8%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

70th percentile

18%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$169,421,873

Up $7,254,415 (+4.5%) from 2023

Liabilities

Up

$7,141,264

Up $2,391,695 (+50%) from 2023

Net Assets

Up

$162,280,609

Up $4,862,720 (+3.1%) from 2023

Revenue

Up

$60,643,840

Up $36,936,419 (+156%) from 2023

Expenses

Down

$44,845,442

Down $5,339,765 (-11%) from 2023

Net Income

Up

$15,798,398

Up $42,276,184 (+160%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2010: $143,684,448Liabilities 2010: $6,227,957Net Assets 2010: $137,456,4912010Assets 2011: $160,821,072Liabilities 2011: $17,282,965Net Assets 2011: $143,538,1072011Assets 2012: $164,411,660Liabilities 2012: $7,887,247Net Assets 2012: $156,524,4132012Assets 2013: $163,760,197Liabilities 2013: $3,603,520Net Assets 2013: $160,156,6772013Assets 2014: $170,758,572Liabilities 2014: $3,889,863Net Assets 2014: $166,868,7092014Assets 2015: $180,523,473Liabilities 2015: $14,221,510Net Assets 2015: $166,301,9632015Assets 2016: $160,198,028Liabilities 2016: $5,268,970Net Assets 2016: $154,929,0582016Assets 2017: $166,094,381Liabilities 2017: $4,098,360Net Assets 2017: $161,996,0212017Assets 2018: $179,025,926Liabilities 2018: $14,952,137Net Assets 2018: $164,073,7892018Assets 2019: $171,870,004Liabilities 2019: $4,494,571Net Assets 2019: $167,375,4332019Assets 2020: $166,456,784Liabilities 2020: $5,442,782Net Assets 2020: $161,014,0022020Assets 2021: $199,499,593Liabilities 2021: $7,109,601Net Assets 2021: $192,389,9922021Assets 2022: $167,436,902Liabilities 2022: $2,906,119Net Assets 2022: $164,530,7832022Assets 2023: $162,167,458Liabilities 2023: $4,749,569Net Assets 2023: $157,417,8892023Assets 2024: $169,421,873Liabilities 2024: $7,141,264Net Assets 2024: $162,280,6092024

Highlighted filing

2024

Assets$169,421,873
Liabilities$7,141,264
Net Assets$162,280,609

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $53,786,8232010Expenses 2011: $48,828,1632011Expenses 2012: $41,787,4322012Revenue 2013: $40,285,288Expenses 2013: $43,629,047Net Income 2013: -$3,343,7592013Revenue 2014: $38,943,816Expenses 2014: $41,300,930Net Income 2014: -$2,357,1142014Revenue 2015: $37,422,921Expenses 2015: $34,769,608Net Income 2015: $2,653,3132015Revenue 2016: $60,014,592Expenses 2016: $59,100,672Net Income 2016: $913,9202016Revenue 2017: $44,866,686Expenses 2017: $44,380,044Net Income 2017: $486,6422017Revenue 2018: $46,585,875Expenses 2018: $46,280,644Net Income 2018: $305,2312018Revenue 2019: $72,853,604Expenses 2019: $63,928,774Net Income 2019: $8,924,8302019Revenue 2020: $27,550,345Expenses 2020: $30,751,775Net Income 2020: -$3,201,4302020Revenue 2021: $19,952,200Expenses 2021: $17,030,454Net Income 2021: $2,921,7462021Revenue 2022: $49,101,670Expenses 2022: $46,588,786Net Income 2022: $2,512,8842022Revenue 2023: $23,707,421Expenses 2023: $50,185,207Net Income 2023: -$26,477,7862023Revenue 2024: $60,643,840Expenses 2024: $44,845,442Net Income 2024: $15,798,3982024

Highlighted filing

2024

Revenue$60,643,840
Expenses$44,845,442
Net Income$15,798,398

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$169$7.14$162$60.6$44.8$15.8
2023Detailed filing. Detailed filing data is available for this year.$162$4.75$157$23.7$50.2$26.5
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$167$2.91$165$49.1$46.6$2.51
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$199$7.11$192$20.0$17.0$2.92
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$166$5.44$161$27.6$30.8$3.20
2019Detailed filing. Detailed filing data is available for this year.$172$4.49$167$72.9$63.9$8.92
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$179$15.0$164$46.6$46.3$0.31
2017Detailed filing. Detailed filing data is available for this year.$166$4.10$162$44.9$44.4$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$160$5.27$155$60.0$59.1$0.91
2015Detailed filing. Detailed filing data is available for this year.$181$14.2$166$37.4$34.8$2.65
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$171$3.89$167$38.9$41.3$2.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$164$3.60$160$40.3$43.6$3.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$164$7.89$157$41.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$161$17.3$144$48.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$6.23$137$53.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 25, 2025
Return Version
2023v6.0
Gross Receipts
$104,057,386
Mission and Program Overview

Mission

The organization's purpose is to promote the highest standards of excellence in the theater and the performing arts, primarily through the production and performance of plays and musicals for the general public, as well as various developmental and educational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$115,922,900$108,867,777▼ $7,055,123
Land, Buildings, and Equipment, Net$25,999,582$23,930,175▼ $2,069,407
Savings and Temporary Cash Investments$5,430,374$15,856,373▲ $10,425,999
Investments in Publicly Traded Securities$3,951,921$8,586,809▲ $4,634,888
Pledges and Grants Receivable$6,343,072$6,991,854▲ $648,782
Cash and Non-Interest-Bearing Accounts$2,769,197$2,813,954▲ $44,757
Prepaid Expenses and Deferred Charges$1,172,653$1,150,098▼ $22,555
Accounts Receivable$459,956$726,820▲ $266,864
Total Assets$162,167,458$169,421,873▲ $7,254,415
Other Assets Total$117,803$498,013▲ $380,210
Liabilities
Deferred Revenue$1,869,159$4,970,984▲ $3,101,825
Accounts Payable and Accrued Expenses$2,880,410$2,170,280▼ $710,130
Total Liabilities$4,749,569$7,141,264▲ $2,391,695
Net Assets / Fund Balance
Net Assets With Donor Restrictions$105,693,174$115,477,157▲ $9,783,983
Net Assets Without Donor Restrictions$51,724,715$46,803,452▼ $4,921,263
Total Net Assets Fund Balance$157,417,889$162,280,609▲ $4,862,720
Total Liabilities and Net Assets / Fund Balance$162,167,458$169,421,873▲ $7,254,415

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$23,691,448$45,745,427$69,436,875
Equipment$238,727$3,161,674$3,400,401
Other Securities$181,892--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$113,332,895$100,000▲ $17,760,023$9,359,229$121,833,689
2022$106,669,959$500,000▲ $11,442,380$5,279,444$113,332,895
2021$127,199,939$250,000▼ $15,597,033$5,182,947$106,669,959
2020$98,488,699-▲ $34,064,355$5,318,115$127,199,939
2019$100,750,896-▲ $2,591,518$4,823,715$98,488,699
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andre S BishopProducing Artistic DirectorFT$882,441$216,208$1,098,649
David S Brown to Dec 2023Director of FinanceFT$286,870$293,285$580,155
Adam SiegelManaging DirectorFT$479,588$80,379$559,967
Bartlett SherResident DirectorFT$333,267$132,341$465,608
Daniel SweeCasting DirectorFT$277,080$138,036$415,116
Naomi GrabelExec. Director Devel. & PlanningFT$377,471$28,274$405,745
Linda Mason RossDirector of MarketingFT$227,713$110,408$338,121
Kyle BarrineauStage TechnicianFT$234,194$93,678$327,872
Bruce a RubinStage TechnicianFT$223,891$89,556$313,447
Paul SmithymanProduction ManagerFT$229,264$80,186$309,450
Evan CabnetArtistic Director / Lct3FT$218,201$60,578$278,779
Joshua N RichStage TechnicianFT$206,650$68,194$274,844
Ira WeitzmanMusical Thtr. Assoc. Prod.FT$180,241$94,407$274,648
Lileana Blain-cruzResident DirectorFT$211,150$28,136$239,286
Jessica NiebanckGeneral ManagerFT$179,587$56,548$236,135

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Paul Weiss Rifkind Wharton Et AlAttorney1285 SIXTH AVENUE, New York, NY 10019$319,960
Cambridge Associates LLCInvestment Consulting115 FEDERAL ST SUITE 2600, Boston, MA 02110$190,251
Propstar LLCTheatrical Prop Design/coordination500 WEST 52ND ST SUITE 2E, New York, NY 10019$181,372
Anna Mae INC Phillipa SooPhillipa Soo, Actor28 OLD FULTON STREET 7E, Brooklyn, NY 11201$165,734
Barbara Cutter Prods INC A BurnapAndrew Burnap, Actor101 STATE STREET 8, Brooklyn, NY 11201$129,522
Revenue and Support

Revenue Composition

Contributions and Grants
$13,156,583
Program Service Revenue
$16,045,149
Investment Income
$30,660,299
Other Revenue
$781,809
All Other Contributions
$10,768,309
Change in Net Assets
$15,798,398

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded24$672,854Quoted Market Value
Total Noncash Contributions24$672,854-

Audited Revenue Reconciliation

Revenue per Audited Statements
$59,604,028
Revenue Not Reported on Financial Statements
$1,039,812
Revenue Not Reported on Form 990
$-10,935,678
Total Revenue per Audited Statements
$48,668,350
Total Revenue per Form 990
$60,643,840
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,884,467
Salaries, Compensation, and Employee Benefits$20,791,487
Total Fundraising Expense$3,050,394
Professional Fundraising Fees$119,488
Grants and Similar Amounts Paid$50,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,938,205$1,783,447$974,743$10,696,395
Current Officers, Directors, Trustees, and Key Employees$1,901,010$1,388,748$456,389$3,746,147
Other Employee Benefits$2,254,667$408,776$219,164$2,882,607
Advertising$2,616,126-$14,563$2,630,689
Depreciation Depletion$2,097,014$75,724-$2,172,738
Occupancy$1,981,074--$1,981,074
Payroll Taxes$1,463,738$313,290$149,993$1,927,021
Pension Plan Contributions$1,169,244$250,258$119,815$1,539,317
Fees for Services Other$877,464$120,026$83,739$1,081,229
Fees for Service Investment Mgmnt Fees-$1,039,812-$1,039,812
Office Expenses$5,187$821,024$166,465$992,676
Royalties$708,705--$708,705
Insurance$487,547$81,282-$568,829
Other Expenses$1,217,690-$558,877$558,877
All Other Expenses$197,564$1,663-$199,227
Fees for Services Legal-$174,243-$174,243
Fees for Services Management-$6,400$135,246$141,646
Fees for Services Professional Fundraising--$119,488$119,488
Fees for Services Accounting-$64,173-$64,173
Travel$796$41,405$12,772$54,973
Grants to Domestic Individuals$50,000--$50,000
Interest-$28,486-$28,486
Total Functional Expenses$35,196,291$6,598,757$3,050,394$44,845,442

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$44,845,442
Expenses per Audited Statements$43,805,630
Total Expenses per Audited Statements$43,805,630
Expenses Not Reported on Financial Statements$1,039,812
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$7,619,230

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Cayman IslandsInvestments - See Form 990, Part X, Line 12-00$7,619,230
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$274,798
Fundraising Gross Income$274,798
Professional Fundraising Fees$119,488

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring 2024 Benefit$2,502,627$274,798-$274,798
Total Events$2,502,627$274,798$274,798$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee, elected annually by the board of directors and consisting of members of the board of directors, usually the officers of the board and several other directors, has the authority to exercise all the powers of the board in the management of the affairs, property, and business of the organization as provided by its by-laws, except the filling of vacancies in the board or any committee, the fixing of compensation of directors for serving on the board, the amendment or repeal of the by-laws, the adoption of new by-laws, or the amendment or repeal of any resolution of the board that by its terms shall not be so amendable or repealable.

Form 990, Part VI, Section B, Line 11B

The full copy of form 990 is reviewed in detail by audit committee of board of directors, with assistance of independent auditor, and it is provided to members of the full board of directors for examination before filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy covers board of directors. Determination of whether a conflict exists and the review of actual conflicts is made at the board committee level, first by the board's audit committee, with decisions of the audit committee reported to and ratified by the executive committee. Any person with a potential conflict is prohibited from participating in any deliberations or decision in the transaction.

Form 990, Part VI, Section B, Line 15

The compensation of the producing artistic director of the organization is determined by an executive compensation committee, comprised of independent members of the board of directors, acting with the assistance and advice of an executive compensation consultant. The compensation consultant uses comparative data for equivalent positions in other organizations, taking into account the responsibilities of each office and the qualifications of the person holding it, to render a report with opinion and recommendations to the executive compensation committee. The deliberations of the executive compensation committee are observed and documented by the compensation consultant. The committee's decisions are reported to and ratified by the full board of directors and thereby documented in the minutes of the board. This process was last undertaken in june 2022, upon the expiration and renewal of the multi-year contract of the producing artistic director.

Form 990, Part VI, Section C, Line 19

Governing documents and policies available upon written or e-mail request, in paper or electronic form. Financial statements available in paper or electronic form, as part of state charities registration report, by written or e-mail request to the organization or to the state charities registration bureau. Latest audited financial statements are also posted online on the organization's own website (www.lct.org).

Filing and Contact Details

Filer

Filer Name
The Vivian Beaumont Theaterinc
EIN
13-3004747
Phone
2125013100
Address
150 W 65TH STREET, NEW YORK, NY 10023-6975
Doing Business As
Lincoln Center Theater

Signing Officer

Name
Vanessa Kubach
Title
Treasurer
Phone
2125013100
Signed
2025-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andre Bishop
Formed
1979
Legal Domicile
Ny
Voting Board Members
51
Independent Board Members
50
Employees
931
Volunteers
53

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Frederick Martens
Phone
2126972299
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Unless otherwise specified by the donor, the organization's endowment funds are used, according to the spending allowance determined by board policy, to support the organization's artistic program, generally in the production of plays and musicals. Endowments established for special purposes (such as to fund an annual award or to support programs for the elderly) are expended according to the spending allowance specified by the donor and in support of the special program or purpose.

Raw XML AppendixShowing 400 of 1,432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THEATRICAL PRODUCTION AND OPERATIONS, INCLUDING ARTISTIC STAFF AND FACILITIESTHE ORGANIZATION PRESENTS NOT-FOR-PROFIT THEATRICAL PRODUCTIONS TO THE GENERAL PUBLIC AT THE VIVIAN BEAUMONT AND MITZI E. NEWHOUSE THEATERS AT LINCOLN CENTER, AS WELL AS WORKS BY YOUNG AND EMERGING ARTISTS (THE LCT3 PROGRAM) AT THE CLAIRE TOW THEATER AT LINCOLN CENTER. THE FOLLOWING PRODUCTIONS WERE PRESENTED: "CAMELOT" (BEAUMONT THEATER, 27 ADD'L PERFS., ADD'L ATTENDANCE 23,254);"FLEX" (NEWHOUSE THEATER, 58 PERFS., ATTENDANCE 14,010);"LET'S CALL HER PATTY" (TOW THEATER, 50 PERFS., ATTENDANCE 5,423);"DAPHNE" (TOW THEATER, 47 PERFS., ATTENDANCE 4,828);"GARDENS OF ANUNCIA" (NEWHOUSE THEATER, 82 PERFS., ATTENDANCE 20,223);"CORRUPTION" (NEWHOUSE THEATER, 67 PERFS., ATTENDANCE 18,469);"UNCLE VANYA" (BEAUMONT THEATER, 83 PERFS., ATTENDANCE 82,716);"KEEP GOING SONGS" (TOW THEATER, 38 PERFS., ATTENDANCE 3,826)
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IRS990/Form990PartVIISectionAGrp/PersonNm23ANUJ GUPTA
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IRS990/Form990PartVIISectionAGrp/PersonNm48LEONARD TOW
IRS990/Form990PartVIISectionAGrp/PersonNm49TRACEY TRAVIS

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