Civic Intelligence

Roundabout Theatre Company Inc

EIN 13-6192346 • 501(c)3 • New York, NY

Profile

Roundabout theatre company is a not-for-profit theatre dedicated to providing a nurturing artistic home for theatre artists at all stages of their careers where the widest possible audience can experience their work at affordable prices. Roundabout fulfills its mission each season through the revival of classic plays and musicals; development and production of new works by established playwrights and emerging writers; educational initiatives that enrich the lives of children and adults; and a subscription model and audience outreach programs that cultivate loyal audiences.

231 WEST 39TH STREET Suite 1200New York, NY 10018

www.roundabouttheatre.org

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.29x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.68x

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

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$1,363,278

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

76th percentile

13%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

19%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$195,462,815

Up $22,988,160 (+13%) from 2023

Liabilities

Down

$56,603,096

Down $1,611,502 (-2.8%) from 2023

Net Assets

Up

$138,859,719

Up $24,599,662 (+22%) from 2023

Revenue

Up

$83,183,646

Up $13,264,055 (+19%) from 2023

Expenses

Down

$65,787,057

Down $6,028,106 (-8.4%) from 2023

Net Income

Up

$17,396,589

Up $19,292,161 (+1018%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2011: $110,674,622Liabilities 2011: $35,006,643Net Assets 2011: $75,667,9792011Assets 2012: $105,003,170Liabilities 2012: $30,800,198Net Assets 2012: $74,202,9722012Assets 2013: $102,442,514Liabilities 2013: $30,256,267Net Assets 2013: $72,186,2472013Assets 2014: $125,701,873Liabilities 2014: $45,166,442Net Assets 2014: $80,535,4312014Assets 2015: $129,628,182Liabilities 2015: $39,815,947Net Assets 2015: $89,812,2352015Assets 2016: $138,755,944Liabilities 2016: $39,601,008Net Assets 2016: $99,154,9362016Assets 2017: $151,858,832Liabilities 2017: $31,751,987Net Assets 2017: $120,106,8452017Assets 2018: $154,885,178Liabilities 2018: $34,039,311Net Assets 2018: $120,845,8672018Assets 2019: $150,525,401Liabilities 2019: $32,740,128Net Assets 2019: $117,785,2732019Assets 2020: $142,295,805Liabilities 2020: $29,529,874Net Assets 2020: $112,765,9312020Assets 2021: $173,392,210Liabilities 2021: $41,479,295Net Assets 2021: $131,912,9152021Assets 2022: $143,712,559Liabilities 2022: $29,549,208Net Assets 2022: $114,163,3512022Assets 2023: $172,474,655Liabilities 2023: $58,214,598Net Assets 2023: $114,260,0572023Assets 2024: $195,462,815Liabilities 2024: $56,603,096Net Assets 2024: $138,859,7192024

Highlighted filing

2024

Assets$195,462,815
Liabilities$56,603,096
Net Assets$138,859,719

Operations Trend

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

$100M$50M$0-$50MExpenses 2011: $60,739,6462011Expenses 2012: $66,258,3812012Expenses 2013: $60,587,3482013Revenue 2014: $60,323,468Expenses 2014: $54,369,843Net Income 2014: $5,953,6252014Revenue 2015: $82,088,478Expenses 2015: $70,104,726Net Income 2015: $11,983,7522015Revenue 2016: $80,165,127Expenses 2016: $72,470,351Net Income 2016: $7,694,7762016Revenue 2017: $86,838,220Expenses 2017: $68,732,912Net Income 2017: $18,105,3082017Revenue 2018: $46,081,371Expenses 2018: $47,547,469Net Income 2018: -$1,466,0982018Revenue 2019: $64,900,210Expenses 2019: $67,827,015Net Income 2019: -$2,926,8052019Revenue 2020: $37,009,396Expenses 2020: $49,069,888Net Income 2020: -$12,060,4922020Revenue 2021: $30,369,133Expenses 2021: $23,133,624Net Income 2021: $7,235,5092021Revenue 2022: $51,738,346Expenses 2022: $52,691,565Net Income 2022: -$953,2192022Revenue 2023: $69,919,591Expenses 2023: $71,815,163Net Income 2023: -$1,895,5722023Revenue 2024: $83,183,646Expenses 2024: $65,787,057Net Income 2024: $17,396,5892024

Highlighted filing

2024

Revenue$83,183,646
Expenses$65,787,057
Net Income$17,396,589

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$195$56.6$139$83.2$65.8$17.4
2023Summary only. Only limited summary data is available for this year.$172$58.2$114$69.9$71.8$1.90
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$144$29.5$114$51.7$52.7$0.95
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$173$41.5$132$30.4$23.1$7.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$142$29.5$113$37.0$49.1$12.1
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$151$32.7$118$64.9$67.8$2.93
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$155$34.0$121$46.1$47.5$1.47
2017Summary only. Only limited summary data is available for this year.$152$31.8$120$86.8$68.7$18.1
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$139$39.6$99.2$80.2$72.5$7.69
2015Detailed filing. Detailed filing data is available for this year.$130$39.8$89.8$82.1$70.1$12.0
2014Detailed filing. Detailed filing data is available for this year.$126$45.2$80.5$60.3$54.4$5.95
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$30.3$72.2$60.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$30.8$74.2$66.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$35.0$75.7$60.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$97,545,733
Mission and Program Overview

Mission

OUR MISSION - Roundabout celebrates the power of theatre by spotlighting classics from the past, cultivating new works of the present and educating minds for the future. OUR WORK - We produce familiar and lesser-known plays and musicals with the ability to take artistic risk as only a not-for-profit can. We discover talented playwrights and provide them long-term artistic support to contribute to the future of the theatrical canon. We reduce the barriers-financial, physical and cultural-that can inhibit theatergoing. We collaborate with a diverse team of artists to identify programming for consideration. We curate theatrical experiences that stimulate and engage the broader community. We build transformational education experiences that enhance teacher practice, deepen student learning, and ignite the futures of young people through career training and placement. We capture and archive over five decades of production history as an open resource for artists, scholars, and our community.

Roundabout theatre company celebrates the power of theatre by spotlighting classics from the past,cultivating new works of the present and educating minds for the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$62,734,655$72,500,845▲ $9,766,190
Land, Buildings, and Equipment, Net$50,471,243$50,863,498▲ $392,255
Pledges and Grants Receivable$11,660,590$29,985,310▲ $18,324,720
Cash and Non-Interest-Bearing Accounts$6,830,104$6,253,680▼ $576,424
Savings and Temporary Cash Investments$4,963,383$2,877,658▼ $2,085,725
Accounts Receivable$2,457,588$2,803,233▲ $345,645
Prepaid Expenses and Deferred Charges$1,618,342$1,996,355▲ $378,013
Investments Other Securities$1,236,351$1,115,080▼ $121,271
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$172,474,655$195,462,815▲ $22,988,160
Other Assets Total$30,502,399$27,067,156▼ $3,435,243
Liabilities
Other Liabilities$31,243,655$28,451,830▼ $2,791,825
Mortgage Notes Payable Secured by Investment Property$13,564,756$13,564,756→ $0
Deferred Revenue$9,347,851$7,967,804▼ $1,380,047
Accounts Payable and Accrued Expenses$4,058,336$6,618,706▲ $2,560,370
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$58,214,598$56,603,096▼ $1,611,502
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$101,212,301$105,983,274▲ $4,770,973
Net Assets With Donor Restrictions$13,047,756$32,876,445▲ $19,828,689
Total Net Assets Fund Balance$114,260,057$138,859,719▲ $24,599,662
Total Liabilities and Net Assets / Fund Balance$172,474,655$195,462,815▲ $22,988,160

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$25,471,708$41,255,632$66,727,340
Buildings$23,471,329$20,267,420$43,738,749
Equipment$1,920,461$9,808,393$11,728,854
Other Assets Org$20,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$55,077,146$3,697,627▲ $11,377,230$10,052,929$60,099,074
2022$60,591,871$1,627,915▲ $5,667,483$12,810,123$55,077,146
2021$75,489,519$1,312,613▼ $12,823,447$3,386,814$60,591,871
2020$61,463,070$2,087,074▲ $16,014,049$4,074,674$75,489,519
2019$53,623,620$3,958,162▲ $7,600,485$3,719,197$61,463,070
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd HaimesArt Dir/CEO, Thru 4/23-$258,871$1,104,407$1,363,278
Sydney A BeersExecutive ProducerFT$375,131$392,692$767,823
Christopher NaveChief Advancement OfficerFT$374,713$359,423$734,136
Scott EllisInterim Artistic DirectorFT$450,920$13,897$464,817
Andrew O ForsteStage CrewFT$277,575$116,580$394,155
Steve BeersStage CrewFT$236,464$95,648$332,112
John DimeglioDirector of Finance, Thru 03/2024FT$251,279$31,556$282,835
John WoodingStage CrewFT$203,430$78,023$281,453
Alan D KauffmanDirector of Technology ServicesFT$217,512$35,299$252,811
Julia LevySenior AdvisorFT$191,407$32,076$223,483
Steven ShowalterChief Administrative OfficerFT$188,399$15,379$203,778

Highest Paid Contractors

ContractorServicesLocationCompensation
Constructomics LLCConstruction40 Broad Street, New York, NY 10001$1,419,636
Showmotion INCsets build1034 Bridgeport Avenue, Milford, CT 06460$1,199,756
Gotham Security Consultants INCSecurity guards5208 Boulder Way, Wappingers Falls, NY 12590$1,014,375
Production Resource Group LLCtheatrical equipmentPO Box 419470, Boston, MA 02241$903,114
Servco IndustriesJanitorial services1315 Blondell Avenue, Bronx, NY 10019$466,336
Revenue and Support

Revenue Composition

Contributions and Grants
$38,725,461
Program Service Revenue
$40,485,751
Investment Income
$3,861,229
Other Revenue
$111,205
All Other Contributions
$33,771,045
Change in Net Assets
$17,396,589

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 Traded36$1,598,456Fair Market Value (FMV)
Other Non Cash Contri Table1$46,357Fair Market Value (FMV)
Other Non Cash Contri Table6$21,962Fair Market Value (FMV)
Other Non Cash Contri Table2$10,316Fair Market Value (FMV)
Total Noncash Contributions45$1,677,091-

Audited Revenue Reconciliation

Revenue per Audited Statements
$83,006,452
Revenue Not Reported on Financial Statements
$177,194
Revenue Not Reported on Form 990
$7,340,794
Total Revenue per Audited Statements
$90,347,246
Total Revenue per Form 990
$83,183,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$37,217,759
Other Expenses$28,353,003
Total Fundraising Expense$4,705,220
Professional Fundraising Fees$216,295
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,941,516$1,321,645$2,207,319$25,470,480
Advertising$7,395,496-$6,868$7,402,364
Occupancy$5,710,512$508,164$109,290$6,327,966
Depreciation Depletion$4,184,182$358,866$77,181$4,620,229
Other Employee Benefits$3,719,369$261,565$370,659$4,351,593
Current Officers, Directors, Trustees, and Key Employees$1,823,769$896,599$191,076$2,911,444
Payroll Taxes$1,974,566$163,044$205,245$2,342,855
Pension Plan Contributions$1,967,027$82,129$92,231$2,141,387
Fees for Services Other$972,471$323,580$400,933$1,696,984
Insurance$699,822$352,366$59,758$1,111,946
Royalties$806,389--$806,389
All Other Expenses$289,408$99,891$376,834$766,133
Office Expenses$403,591$63,769$154,988$622,348
Travel$445,453$12,086$23,768$481,307
Fees for Services Professional Fundraising--$216,295$216,295
Interest-$189,173-$189,173
Fees for Service Investment Mgmnt Fees-$177,194-$177,194
Other Expenses$135,158$22,040$6,309$141,467
Fees for Services Accounting-$120,015-$120,015
Fees for Services Lobbying-$74,050$24,735$98,785
Fees for Services Legal$19,410$29,116-$48,526
Total Functional Expenses$56,007,334$5,074,503$4,705,220$65,787,057

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$65,787,057
Total Expenses per Audited Statements$65,747,584
Expenses per Audited Statements$65,609,863
Expenses Not Reported on Financial Statements$177,194
Expenses Not Reported on Form 990$137,721
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,305,057
Fundraising Gross Income$1,305,057
Professional Fundraising Fees$216,295
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$3,741,481$789,967$544,678$245,289
PLAY readings$1,429,389$515,090$432,140$82,950
Total Events$5,170,870$1,305,057$1,305,057-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
One Bryant ParkBusiness RelationshipRental PaymentsNo$1,317,521
Steve BeersFamily RelationshipPayment for Services RenderedNo$216,019

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$28,451,830
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Management and the audit committee approve and then a final draft is sent to full board for review and comments.

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

The disclosures are reviewed annually by the nominating and governance committee and the audit committee. Throughout the year, as any potential conflicts are identified they are addressed by the above committees. Issues are addressed by disclosing them to the board and asking the party involved to refrain from voting on the relevant issue.

Form 990, Part VI, Section B, Line 15

The Compensation Committee, consisting of four independent Board Members, reviews available data on compensation of executives in comparable not-for-profit performing arts organizations and makes a recommendation with respect to the three Co-Chief Executive Officers' (Interim Artistic Director, Executive Producer and Chief Advancement Officer) compensation to the Executive Committee (consisting of seventeen disinterested members). The Executive Committee reviews the Compensation Committee's recommendations and recommends its acceptance or modification to the full Board for the Board's approval. The Compensation Committee also reviews available data on compensation of comparable not-for-profit performing arts organizations with respect to the Chief Administrative Officer. They review the compensation recommendations of the Co-Chief Executive Officers. The Co-Chief Executive Officers' recommendations are reviewed by the Executive Committee. The Co-Chief Executive Officers then review their recommendation to the full Board.

Form 990, Part VI, Section C, Line 19

Form 990 is available on guidestar.org. Full audited financial statements are posted on the organization's website and on the new york state charities bureau website.

Filing and Contact Details

Filer

Filer Name
Roundabout Theatre Company Inc
EIN
13-6192346
In Care Of
% IRINA SHTEYN
Phone
2127199393
Address
231 WEST 39TH STREET Suite 1200, NEW YORK, NY 10018

Signing Officer

Name
Katheryn Patterson
Title
Chair
Phone
2127199393
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katheryn Patterson
Formed
1965
Legal Domicile
Ny
Voting Board Members
39
Independent Board Members
38
Employees
1,225
Volunteers
0

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
Lara Waldner Holderbaum CPA
Phone
2127519100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The audit committee assumes responsibility for the oversight of the audit.

form 990, part I, line 8:

The current year contributions and grants line of Form 990 includes $19,575,000 restricted for the Todd Haimes Campaign. The Organization raised funds outside the operating budget to support the Betterment of the Todd Haimes Theatre (scheduled to begin in July 2025) and the Todd Haimes Fund for Artistic Excellence to pay tribute to the late Artistic Director/CEO Todd Haimes.

Financial Statement Notes

Part V, Line 4

The organization's endowment provides long term financial stability. Earnings are to support the artistic and educational initiatives of the institution.

Part X, Line 2

The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

Raw XML AppendixShowing 400 of 1,314 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 PRODUCTIONS: During the 2023-24 season, Roundabout produced six full-scale productions on one of our Broadway stages (the Todd Haimes [formerly American Airlines] Theatre, Studio 54, Stephen Sondheim Theatre), Off-Broadway stage (the Laura Pels Theatre at the Harold and Miriam Steinberg Center for Theatre), and Off-Off-Broadway stage (the Black Box Theatre at the Harold and Miriam Steinberg Center for Theatre). Our productions and programs reached approximately 500,000 audience and community members, including 6,954 subscribers and 21,152 students, teachers, and community partners. Our production calendar is still not at pre-pandemic levels of programming. Roundabout has been an industry leader in developing and expanding theatre audiences, creating, and implementing outreach and theatre appreciation programs targeted to new audiences. The following are Roundabout's programs and outreach initiatives, through which Roundabout remains committed to a full complement of programs that reduce the barriers-financial, physical and cultural-that can inhibit theatergoing: . Roundabout is committed to serving the broadest possible audience with innovative and large-scale programs that are in step with community needs. Roundabout serves the community by providing affordable tickets to world-class theatre-subscribers pay less than half the single ticket price, with further discounts available to groups such as the deaf and hard of hearing, teachers, families, young adults, veterans, and audience represented in Affinity Programs. . Through Access Roundabout we make theatre accessible for lower income audience members. During the 2023-2024 season, we made available 29,052 dramatically discounted tickets. This included 13,303 "Pay What You Wish" tickets; 8,407 $30 tickets to any performance of any production for Hiptix members aged 18-40; 34 half-priced student rush tickets; and 7,308 $30-$40 general rush tickets. . Our offerings are designed to create access for a wide spectrum of people with disabilities. We strive to carry this philosophy through to all our touchpoints and the theatre industry at large. In our 2023-2024 season Roundabout offered sign interpreted performances through our continued partnership with Hands On, on-demand closed captioning and audio description, captioning for our digital offerings, and our innovative relaxed performances now in it's 7th season of programming. . As a not-for-profit theatre, Roundabout is also committed to going beyond just producing great plays to informing and educating audiences about a play's writer, its themes, and its historical context. Roundabout held 44 informative in-person pre- and post-show discussions and created 75 online audience resources (Theatre Talk videos and Upstage articles) throughout the 2023-2024 season. Our Upstage Playgoer's Guides, a production-specific educational and dramaturgical digital tool designed to enhance the theatergoing experience, received a total of over 7,500 views.
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