Civic Intelligence

Theatre Communications Group Inc.

990 • Fiscal year 2019 • EIN 13-6160130

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 17, 2020

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

62nd percentile

0.27x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.31x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

21st percentile

-8.4%

Higher net margin than 21% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

87th percentile

$285,531

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

9th percentile

-11%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$8,305,187

Down $991,488 (-11%) from 2018

Net Assets

Down

$6,057,921

Down $481,037 (-7.4%) from 2018

Liabilities

Down

$2,247,266

Down $510,451 (-19%) from 2018

Revenue

Down

$7,340,778

Down $867,285 (-11%) from 2018

Expenses

Down

$7,955,099

Down $690,722 (-8.0%) from 2018

Net Income

Down

-$614,321

Down $176,563 (-40%) from 2018

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

2019

Assets$8,305,187
Liabilities$2,247,266
Net Assets$6,057,921

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

2019

Revenue$7,340,778
Expenses$7,955,099
Net Income-$614,321
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 17, 2020
Return Version
2018v3.1
Gross Receipts
$9,521,710
Mission and Program Overview

Mission

To strenghten, nurture and support the professional not-for-profit american theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,103,432$4,940,621▼ $162,811
Inventories for Sale or Use$825,602$786,203▼ $39,399
Pledges and Grants Receivable$744,079$691,538▼ $52,541
Land, Buildings, and Equipment, Net$11,816$616,720▲ $604,904
Savings and Temporary Cash Investments-$539,929-
Accounts Receivable$397,342$391,237▼ $6,105
Cash and Non-Interest-Bearing Accounts$1,391,915$225,640▼ $1,166,275
Prepaid Expenses and Deferred Charges$143,393$113,299▼ $30,094
Total Assets$9,296,675$8,305,187▼ $991,488
Other Assets Total$679,096$0▼ $679,096
Liabilities
Deferred Revenue$1,720,406$1,629,817▼ $90,589
Accounts Payable and Accrued Expenses$898,021$489,490▼ $408,531
Other Liabilities$139,290$127,959▼ $11,331
Total Liabilities$2,757,717$2,247,266▼ $510,451
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,733,730$3,994,422▲ $260,692
Permanently Rstr Net Assets$1,151,036$1,151,036→ $0
Unrestricted Net Assets$1,654,192$912,463▼ $741,729
Total Net Assets Fund Balance$6,538,958$6,057,921▼ $481,037
Total Liabilities and Net Assets / Fund Balance$9,296,675$8,305,187▼ $991,488

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$599,203$199,734$798,937
Leasehold Improvements$0$330,726$330,726
Equipment$17,517$17,600$35,117

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,040,341-▲ $161,717-$2,076,752
2017$2,070,341-▲ $96,804-$2,040,341
2016$2,070,341-▲ $34,890-$2,070,341
2015$2,070,341-▲ $46,605-$2,070,341
2014$2,070,341-▲ $39,276-$2,070,341
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Teresa EyringExecutive DirectorFT$272,342$13,189$285,531
Adrian BudhuDeputy DirectorFT$162,132$11,978$174,110
Terence NemethDirector of PublicationsFT$149,588$16,701$166,289
Emilya CachaperoDirector of Artistic ProgramsFT$118,073$15,885$133,958

Board Members and Trustees

NameTitle
Kevin MoriartyChair
Kate LipumaVice Chair
Benita Hofstetter KomanBoard Member
Blake RobisonBoard Member
Carlo ScandiuzziBoard Member
Chris JenningsBoard Member
Christopher AceboBoard Member
Derek GoldmanBoard Member
Eileen J MorrisBoard Member
Ellen RichardBoard Member
Eric RosenBoard Member
Francine ReynoldsBoard Member
Heather RandallBoard Member
Jamie HerlichBoard Member
Johamy MoralesBoard Member
John Douglas ThompsonBoard Member
Joseph P BenincasaBoard Member
Joshua DachsBoard Member
Kristen CouryBoard Member
Lisa PortesBoard Member
Marshall Jones IiiBoard Member
Max LeventhalBoard Member
Meghan PressmanBoard Member
Michael RosenbergBoard Member
Nikkole SalterBoard Member
Randy ReyesBoard Member
Raymond BobganBoard Member
Rebecca HopkinsBoard Member
Robert T WarrenBoard Member
Sarah BellamyBoard Member
Shana WatermanBoard Member
Susan HilfertyBoard Member
Tim SanfordBoard Member
Will DavisBoard Member
Larissa FasthorseSecretary
Tim JenningsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Shuffle LabsIt Project Support13800 COPPERMINE RD STE247, Herndon, VA 20171$114,160
Revenue and Support

Revenue Composition

Contributions and Grants
$4,689,955
Program Service Revenue
$1,328,242
Investment Income
$259,649
Other Revenue
$1,062,932
All Other Contributions
$1,904,036
Change in Net Assets
$-614,321

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,297,670
Revenue Not Reported on Financial Statements
$43,108
Revenue Not Reported on Form 990
$738,311
Total Revenue per Audited Statements
$8,035,981
Total Revenue per Form 990
$7,340,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,777,881
Other Expenses$3,680,818
Total Fundraising Expense$577,189
Grants and Similar Amounts Paid$496,400
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,237,658$261,053$217,347$2,716,058
Travel$863,333$2,319$2,319$867,971
Occupancy$482,998$58,362$64,847$606,207
Fees for Services Other$568,081$8,640$8,640$585,361
Current Officers, Directors, Trustees, and Key Employees$288,618$46,287$127,966$462,871
Office Expenses$302,162$32,335$35,927$370,424
Other Employee Benefits$287,223$34,329$34,320$355,872
Grants to Domestic Individuals$281,014--$281,014
Payroll Taxes$193,478$23,496$26,106$243,080
Grants to Domestic Orgs$215,386--$215,386
Other Expenses$148,205$7,323$7,323$162,851
Depreciation Depletion$69,551$8,447$9,385$87,383
Fees for Service Investment Mgmnt Fees-$43,108-$43,108
Insurance$32,150$3,904$4,338$40,392
Fees for Services Accounting$30,644$3,721$4,135$38,500
Advertising$6,686--$6,686
Fees for Services Legal$4,139$503$558$5,200
Total Functional Expenses$6,816,795$561,115$577,189$7,955,099

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,517,018
Total Expenses per Form 990$7,955,099
Expenses per Audited Statements$7,911,991
Expenses Not Reported on Form 990$605,027
Expenses Not Reported on Financial Statements$43,108
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cornerstone Theatre CoLos Angeles, CA501(c)(3)Awards/fellowships$13,750
Mosaic Theater CompayWashington, DC501(c)(3)Awards/fellowships$10,000
New York Theatre WorkshopNew York, NY501(c)(3)Awards/fellowships$10,000
Theater Breaking Through Barriers CorpNew York, NY501(c)(3)Awards/fellowships$10,000
Poets and Saints LLCMontclair, NJ501(c)(3)Awards/fellowships$9,000
Gilloury InstituteChicago, IL501(c)(3)Awards/fellowships$7,500
Honolulu Theatre for YouthHonolulu, HI501(c)(3)Awards/fellowships$7,500
La PeriaBerkeley, CA501(c)(3)Awards/fellowships$7,500
Dtrs Intercontinentaal Miami LLCMiami, FL501(c)(3)Awards/fellowships$5,854
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$53,235
Fundraising Gross Income$53,235
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$255,396$53,235-$53,235
Total Events$255,396$53,235$53,235$0
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 Rent$127,959
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 tcg's cfo, deputy director and executive director, the 990 will be distributed to the audit committee for their review before filing. The 990 will then be distributed to the full board.

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

The board of directors complete an annual disclosure statement as required by the organization's conflict of interest policy. Board members are also required to notify the board of directors when any transactions arise that could involve an actual or possible conflict of interest. The disclosure statements and any disclosures made are reviewed by the treasurer or board chair for compliance to the organization's conflict of interest policy. If any disclosures require further investigation, the treasurer or board chair work with the board of directors to investigate and resolve any such disclosures. In the event that the board considers an issue that involves the financial relationship between the organization and a member of the board, the board member will disclose to the board the financial relationship that the particular board member has, with respect to the issue. The board member shall refrain from voting on the matter.

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

The salary of the executive director is reviewed and approved by the compensation committee after reviewing comparable salaries of other service organizations and compensation surveys. In addition, the compensation committee of the board votes to approve overall salary and benefit levels of the organization though the only individual salary they approve is of the executive director.

Form 990, Part VI, Section C, Line 19

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
2020-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Teresa Eyring
Formed
1964
Legal Domicile
Ny
Voting Board Members
33
Independent Board Members
32
Employees
67
Volunteers
60

Preparer

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

Additional Explanations

Form 990, Part III, Line 1

Theatre communications group (tcg) exists to strengthen, nurture, and promote professional theatre in the u.s. And globally. Since its founding in 1961, tcg's constituency has grown from a handful of groundbreaking theatres to over 700 member theatres and affiliate organizations and nearly 10,000 individual members. Through its core values of activism, artistry, diversity, and global citizenship, tcg advances a better world for theatre and a better world because of theatre. Tcg offers its members networking and knowledge-building opportunities through research, communications, and events, including the annual tcg national conference, one of the largest nationwide gatherings of theatre people; awards grants and scholarships, approximately $2 million per year, to theatre companies and individual artists; advocates on the federal level; and through the global theater initiative, tcg's partnership with the laboratory for global performance and politics, serves as the u.s. Center of the international theatre institute. Tcg is north america's largest independent trade publisher of dramatic literature, with 16 pulitzer prizes for drama on the tcg 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.www.tcg.org. 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 u.s. Theatre sector, which is estimated to employ more than 147,000 people, produce over 155,000 performances each year, and contribute over $2.5 billion to the u.s. 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.

Financial Statement Notes

PART V, LINE 4:

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

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold included in expenses in audited financial statements 605,027.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold included in expenses in audited financial statements 605,027.

Raw XML AppendixShowing 400 of 965 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/Form990PartVIISectionAGrp/PersonNm6SARAH BELLAMY
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IRS990/Form990PartVIISectionAGrp/PersonNm32TIM SANFORD
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IRS990/Form990PartVIISectionAGrp/PersonNm34JOHN DOUGLAS THOMPSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt30BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt31BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt32BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt33BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt34BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt35BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt36BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt37DEPUTY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt38DIRECTOR OF PUBLICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt39DIRECTOR OF ARTISTIC PROGRAMS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01964
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IRS990/FSAuditedInd01
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Document Assets

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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