Civic Intelligence

Theatre Communications Group Inc.

990 • Fiscal year 2017 • EIN 13-6160130

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 04, 2018

520 Eighth Avenue No 24 FLNew York, NY 10018-4156

(212) 609-5900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.28x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.38x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

7th percentile

-34%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$275,964

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

3rd percentile

-19%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-17%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$9,857,370

Down $2,347,085 (-19%) from 2016

Net Assets

Down

$7,075,353

Down $2,398,971 (-25%) from 2016

Liabilities

Up

$2,782,017

Up $51,886 (+1.9%) from 2016

Revenue

Down

$7,255,561

Down $1,517,735 (-17%) from 2016

Expenses

Up

$9,750,806

Up $1,203,937 (+14%) from 2016

Net Income

Down

-$2,495,245

Down $2,721,672 (-1202%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $12,243,818Liabilities 2010: $2,346,492Net Assets 2010: $9,897,3262010Assets 2011: $11,151,267Liabilities 2011: $2,390,292Net Assets 2011: $8,760,9752011Assets 2012: $10,924,898Liabilities 2012: $2,282,793Net Assets 2012: $8,642,1052012Assets 2013: $9,923,526Liabilities 2013: $2,027,468Net Assets 2013: $7,896,0582013Assets 2014: $12,767,959Liabilities 2014: $2,205,835Net Assets 2014: $10,562,1242014Assets 2015: $12,042,006Liabilities 2015: $2,823,798Net Assets 2015: $9,218,2082015Assets 2016: $12,204,455Liabilities 2016: $2,730,131Net Assets 2016: $9,474,3242016Assets 2017: $9,857,370Liabilities 2017: $2,782,017Net Assets 2017: $7,075,3532017Assets 2018: $9,296,675Liabilities 2018: $2,757,717Net Assets 2018: $6,538,9582018Assets 2019: $8,305,187Liabilities 2019: $2,247,266Net Assets 2019: $6,057,9212019Assets 2020: $7,458,021Liabilities 2020: $2,978,062Net Assets 2020: $4,479,9592020Assets 2021: $8,951,315Liabilities 2021: $2,609,688Net Assets 2021: $6,341,6272021Assets 2022: $8,293,926Liabilities 2022: $1,443,670Net Assets 2022: $6,850,2562022Assets 2023: $7,821,426Liabilities 2023: $1,432,553Net Assets 2023: $6,388,8732023Assets 2024: $5,328,783Liabilities 2024: $1,857,289Net Assets 2024: $3,471,4942024

Highlighted filing

2017

Assets$9,857,370
Liabilities$2,782,017
Net Assets$7,075,353

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,219,7412010Expenses 2011: $9,126,2692011Expenses 2012: $8,510,8712012Revenue 2013: $7,790,287Expenses 2013: $8,493,139Net Income 2013: -$702,8522013Revenue 2014: $10,547,124Expenses 2014: $8,277,907Net Income 2014: $2,269,2172014Revenue 2015: $7,769,289Expenses 2015: $8,807,560Net Income 2015: -$1,038,2712015Revenue 2016: $8,773,296Expenses 2016: $8,546,869Net Income 2016: $226,4272016Revenue 2017: $7,255,561Expenses 2017: $9,750,806Net Income 2017: -$2,495,2452017Revenue 2018: $8,208,063Expenses 2018: $8,645,821Net Income 2018: -$437,7582018Revenue 2019: $7,340,778Expenses 2019: $7,955,099Net Income 2019: -$614,3212019Revenue 2020: $6,461,267Expenses 2020: $7,876,974Net Income 2020: -$1,415,7072020Revenue 2021: $6,479,146Expenses 2021: $4,933,694Net Income 2021: $1,545,4522021Revenue 2022: $6,761,151Expenses 2022: $5,760,078Net Income 2022: $1,001,0732022Revenue 2023: $5,810,022Expenses 2023: $6,455,621Net Income 2023: -$645,5992023Revenue 2024: $4,283,547Expenses 2024: $7,291,701Net Income 2024: -$3,008,1542024

Highlighted filing

2017

Revenue$7,255,561
Expenses$9,750,806
Net Income-$2,495,245
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 4, 2018
Return Version
2016v3.0
Gross Receipts
$14,101,749
Mission and Program Overview

Mission

To strengthen, nurture and promote the professional not-for-profit american theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,699,881$5,255,197▼ $1,444,684
Pledges and Grants Receivable$2,527,062$2,024,237▼ $502,825
Savings and Temporary Cash Investments$907,487--
Inventories for Sale or Use$904,372$875,632▼ $28,740
Accounts Receivable$355,150$483,813▲ $128,663
Cash and Non-Interest-Bearing Accounts$375,466$342,928▼ $32,538
Prepaid Expenses and Deferred Charges$88,618$93,859▲ $5,241
Land, Buildings, and Equipment, Net$29,007$22,714▼ $6,293
Total Assets$12,204,455$9,857,370▼ $2,347,085
Other Assets Total$317,412$758,990▲ $441,578
Liabilities
Deferred Revenue$1,721,237$1,670,344▼ $50,893
Accounts Payable and Accrued Expenses$809,944$860,040▲ $50,096
Other Liabilities$198,950$166,270▼ $32,680
Mortgage Notes Payable Secured by Investment Property-$85,363-
Total Liabilities$2,730,131$2,782,017▲ $51,886
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,905,290$4,285,939▼ $2,619,351
Unrestricted Net Assets$1,417,998$1,638,378▲ $220,380
Permanently Rstr Net Assets$1,151,036$1,151,036→ $0
Total Net Assets Fund Balance$9,474,324$7,075,353▼ $2,398,971
Total Liabilities and Net Assets / Fund Balance$12,204,455$9,857,370▼ $2,347,085

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,714$1,592,540$1,615,254
Leasehold Improvements$0$330,726$330,726
Other Assets Org$758,990--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,151,036-▲ $34,890-$1,151,036
2015$1,151,036-▲ $46,605-$1,151,036
2014$1,151,036-▲ $39,276-$1,151,036
2013$1,151,036-▲ $40,707-$1,151,036
2012$1,151,036-▲ $52,584-$1,151,036
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary Teresa EyringExecutive DirectorFT$266,836$9,128$275,964
Robin SchlingerChief Financial OfficerFT$144,258$10,891$155,149
Joseph CucchiaraDirector of ItFT$145,239$8,788$154,027
Terence NemethDirector of PublicationsFT$142,253$11,573$153,826
Joyce FriedmanDirector of DevelopmentFT$132,377$13,467$145,844
Emilya CachaperoDirector, Artistic and IntFT$114,647$10,058$124,705
Adrian BudhuDeputy DirectorFT$46,686$4,183$50,869

Board Members and Trustees

NameTitle
Kevin MoriartyBoard Chair
Kate LipumaVice Chair
Blake RobisonBoard Member
Chris JenningsBoard Member
Christopher AceboBoard Member
Derek GoldmanBoard Member
Ed HerendeenBoard Member
Eileen J MorrisBoard Member
Ellen RichardBoard Member
Eric RosenBoard Member
Francine ReynoldsBoard Member
Harold WolpertBoard Member
Heather RandallBoard Member
John Douglas ThompsonBoard Member
Joseph P BenincasaBoard Member
Joshua DachsBoard Member
Kristen CouryBoard Member
Lisa PortesBoard Member
Marshall JonesBoard Member
Max LeventhalBoard Member
Meghan PressmanBoard Member
Meiyin WangBoard Member
Michael RosenbergBoard Member
Michelle HensleyBoard Member
Nikkole SalterBoard Member
Rebecca HopkinsBoard Member
Robert T WarrenBoard Member
Sarah BellamyBoard Member
Shana WatermanBoard Member
Susan HilfertyBoard Member
Tim SanfordBoard Member
Tim JenningsBoard Treasurer
Larissa FasthorseSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Shuffle LabsIt Project Support13800 COPPERMINE RD SUITE247, Herndon, VA 20171$109,120
Revenue and Support

Revenue Composition

Contributions and Grants
$2,430,305
Program Service Revenue
$3,281,963
Investment Income
$260,646
Other Revenue
$1,282,647
All Other Contributions
$1,638,702
Change in Net Assets
$-2,495,245

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,212,210
Revenue Not Reported on Financial Statements
$43,351
Revenue Not Reported on Form 990
$758,090
Total Revenue per Audited Statements
$7,970,300
Total Revenue per Form 990
$7,255,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,194,429
Other Expenses$3,821,748
Grants and Similar Amounts Paid$1,734,629
Total Fundraising Expense$780,496
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,323,316$282,952$365,015$2,971,283
Office Expenses$1,323,640$103,243$135,403$1,562,286
Grants to Domestic Orgs$1,022,814--$1,022,814
Grants to Domestic Individuals$711,815--$711,815
Current Officers, Directors, Trustees, and Key Employees$449,077$50,158$72,842$572,077
Occupancy$413,350$49,703$65,263$528,316
Fees for Services Other$478,914$19,331$25,382$523,627
Conferences and Meetings$426,614--$426,614
Other Employee Benefits$319,910$38,722$50,378$409,010
Royalties$356,514--$356,514
Payroll Taxes$187,453$22,541$29,596$239,590
Travel$147,493$10,039$13,181$170,713
Other Expenses$56,975$6,851$8,996$72,822
Fees for Service Investment Mgmnt Fees-$43,351-$43,351
Fees for Services Accounting$30,943$3,720$4,885$39,548
Insurance$30,836$3,707$4,869$39,412
Fees for Services Legal$16,299$1,960$2,573$20,832
Fees for Services Lobbying$15,234--$15,234
Depreciation Depletion$11,328$1,452$1,743$14,523
Advertising$6,983--$6,983
Pension Plan Contributions$1,932$232$305$2,469
All Other Expenses$411$497$65$973
Total Functional Expenses$8,331,851$638,459$780,496$9,750,806

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,369,271
Total Expenses per Form 990$9,750,806
Expenses per Audited Statements$9,707,455
Expenses Not Reported on Form 990$661,816
Expenses Not Reported on Financial Statements$43,351
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New York Shakespeare FestivalNew York, NY501(c)(3)Scholarship$140,000
Youth Speaks IncSan Franciso, CA501(c)(3)Scholarship$140,000
Artists Repertory TheatrePortland, OR501(c)(3)Scholarship$52,500
Huntington Theatre CoBoston, MA501(c)(3)Scholarship$52,500
PEOPLE'S LIGHT & THEATRE COMPANYMalvern, PA501(c)(3)Scholarship$52,500
Ten Thousand Things Theater CoMinneapolis, MN501(c)(3)Scholarship$52,500
The Repertory Theatre of St LouisSaint Louis, MO501(c)(3)Scholarship$52,500
The Talking Band IncNew York, NY501(c)(3)Scholarship$52,500
New York Shakespeare FestivalNew York, NY501(c)(3)Scholarship$40,000
Youth Speaks IncSan Francisco, CA501(c)(3)Scholarship$40,000
Imagination StageBethesda, MD501(c)(3)Scholarship$17,500
Artists Repertory TheatrePortland, OR501(c)(3)Scholarship$15,000
Huntington Theatre CoBoston, MA501(c)(3)Scholarship$15,000
PEOPLE'S LIGHT & THEATRE COMPANYMalvern, PA501(c)(3)Scholarship$15,000
Ten Thousand Things Theater CoMinneapolis, MN501(c)(3)Scholarship$15,000
The Repertory Theatre of St LouisSaint Louis, MO501(c)(3)Scholarship$15,000
The Talking Band IncNew York, NY501(c)(3)Scholarship$15,000
Woolly Mammoth Theatre CompanyWashington, DC501(c)(3)Scholarship$10,000
Gala IncWashington, DC501(c)(3)Scholarship$7,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$52,293
Fundraising Gross Income$22,951
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$231,307$22,951$1,651$21,300
Total Events$231,307$22,951$52,293$-29,342
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Lease Payments$139,114
Deferred Compensation Payable$27,156
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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 B, Line 11B

After review by theatre communications group's chief financial officer and executive director, the 990 will be first given to the chair of the audit committee. After the chair reviews the 990 form, it will then be disseminated to the board at one of their monthly meetings for review and approval to file.

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

For tcg staff: we have established a conflict of interest committee which meets to review any potential conflicts that may arise. This committee consists of the executive director, publisher, managing director and chief financial officer. If needed, a comittee member may recuse themselves. The board of trustees are required to sign a conflict of interest form.

Form 990, Part VI, Section B, Line 15A

The full board of directors would vote to approve the overall salary and benefit levels for each fiscal year. However, they do not approve individual salary amounts except for the executive director. The executive director's salary is approved by the compensation committee of the board which reviews current compensation against other service organizations and various compensation surveys. This was last done in 2016.

Form 990, Part VI, Section C, Line 19

These documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Theatre Communications Group Inc
EIN
13-6160130
Phone
2126095900
Address
520 EIGHTH AVENUE NO 24 FL, NEW YORK, NY 10018-4156

Signing Officer

Name
Mary Teresa Eyring
Title
Executive Director
Phone
2126095900
Signed
2018-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Teresa Eyring
Formed
1964
Legal Domicile
Ny
Voting Board Members
34
Independent Board Members
34
Employees
71
Volunteers
65

Preparer

Firm
Loeb & Troper Llp
Address
655 THIRD AVENUE 12TH FLOOR, NEW YORK, NY 10017
Preparer
Aaron Shapiro
Phone
2128674000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

To strengthen, nurture and promote the professional not-for-profit american theatre. Theatre communications group (tcg), the national organization for the american theatre, was founded in 1961 with a grant from the ford foundation to foster communication among professional, community and university theatres. Today, tcg's constituency has grown from a handful of groundbreaking theatres to nearly 700 member theatres and affiliate organizations and more than 12,000 individuals nationwide. Tcg offers its members networking and knowledge-building opportunities through our conferences, events, research and communications; grants approximately $2 million per year to theatre companies and individual artists; advocates on the federal level and serves as the u.s. Center of the international theatre institute, connecting its constituents to the global theatre community. Tcg is the nation's largest independent publisher of dramatic literature, with 13 pulitzer prizes for best play on our booklist; it also publishes the award-winning american theatre magazine and artsearch , the essential source for a career in the arts. In all of its endeavors, tcg seeks to increase the organizational efficiency of its member theatres, cultivate and celebrate the artistic talent and achievements of the field and promote a larger public understanding of, and appreciation for, the theatre. In 2005, tcg received the tony honors for excellence in theatre in recognition of its impact on the national field. Tcg and its member theatres are major contributors to the american theatre sector, which employs more than 126,000 people, produces over 215,000 performances each year and contributes over $2 billion to the us economy annually. A 501(c)(3) not-for-profit organization, tcg is led by executive director teresa eyring and governed by a national board of directors representing the theatre field.

Form 990, Part XII, Line 2C

Process has not changed from prior year.

Financial Statement Notes

PART V, LINE 4:

Tcg's endowment fund is permanently restricted. It was started by a grant from the ford foundation in september 1991 of $1,000,000. As per the grant, tcg may use the earnings of this grant to provide for its long and short-term financial needs in order to carry out its exempt purposes.

PART X, LINE 2:

Tcg has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending june 30, 2014 and subsequent remain subject to examination by applicable taxing authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Publishing expenses netted against sales 609,523. Direct costs of special events 52,293.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Publishing expenses netted against revenues 609,523. Direct costs of special events 52,293.

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IRS990/Form990PartVIISectionAGrp/TitleTxt33BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt34CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt35DEPUTY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR OF PUBLICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt37DIRECTOR OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt38DIRECTOR OF IT
IRS990/Form990PartVIISectionAGrp/TitleTxt39DIRECTOR, ARTISTIC AND INT
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.33$1.86$3.47$4.28$7.29$3.01
2023Detailed filing. Detailed filing data is available for this year.$7.82$1.43$6.39$5.81$6.46$0.65
2022Detailed filing. Detailed filing data is available for this year.$8.29$1.44$6.85$6.76$5.76$1.00
2021Detailed filing. Detailed filing data is available for this year.$8.95$2.61$6.34$6.48$4.93$1.55
2020Detailed filing. Detailed filing data is available for this year.$7.46$2.98$4.48$6.46$7.88$1.42
2019Detailed filing. Detailed filing data is available for this year.$8.31$2.25$6.06$7.34$7.96$0.61
2018Detailed filing. Detailed filing data is available for this year.$9.30$2.76$6.54$8.21$8.65$0.44
2017Detailed filing. Detailed filing data is available for this year.$9.86$2.78$7.08$7.26$9.75$2.50
2016Detailed filing. Detailed filing data is available for this year.$12.2$2.73$9.47$8.77$8.55$0.23
2015Detailed filing. Detailed filing data is available for this year.$12.0$2.82$9.22$7.77$8.81$1.04
2014Detailed filing. Detailed filing data is available for this year.$12.8$2.21$10.6$10.5$8.28$2.27
2013Summary only. Only limited summary data is available for this year.$9.92$2.03$7.90$7.79$8.49$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$2.28$8.64$8.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$2.39$8.76$9.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$2.35$9.90$9.22