Civic Intelligence

Theater Development Council Local Development Corporation

990 • Fiscal year 2024 • EIN 26-0728288

Jun 01, 2023 to May 31, 2024 • Filed on Oct 07, 2024

120 Broadway 31st FloorNew York, NY 10271

(212) 720-3300

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.06x

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

2024 filings • NTEE A65 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

2.93x

Higher debt load relative to revenue than 95% of similar nonprofits.

2024 filings • NTEE A65 • <$500k nonprofits • Source year 2024

Net Margin

4th percentile

-238%

Higher net margin than 4% of similar nonprofits.

2024 filings • NTEE A65 • <$500k nonprofits • Source year 2024

Top Officer Pay

65th percentile

$0

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE A65 • <$500k nonprofits • Source year 2024

Asset Growth

46th percentile

-4.3%

Faster asset growth than 46% of similar nonprofits.

2024 filings • NTEE A65 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

71%

Faster revenue growth than 85% of similar nonprofits.

2024 filings • NTEE A65 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$197,448

Down $8,943 (-4.3%) from 2023

Net Assets

Down

$186,448

Down $8,943 (-4.6%) from 2023

Liabilities

Flat

$11,000

Flat from 2023

Revenue

Up

$3,758

Up $1,555 (+71%) from 2023

Expenses

Down

$12,701

Down $699 (-5.2%) from 2023

Net Income

Up

-$8,943

Up $2,254 (+20%) from 2023

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $2,151,411Liabilities 2012: $2,750Net Assets 2012: $2,148,6612012Assets 2013: $1,847,342Liabilities 2013: $0Net Assets 2013: $1,847,3422013Assets 2014: $2,952,746Liabilities 2014: $2,750Net Assets 2014: $2,949,9962014Assets 2015: $2,572,830Liabilities 2015: $6,715Net Assets 2015: $2,566,1152015Assets 2016: $3,720,754Liabilities 2016: $19,395Net Assets 2016: $3,701,3592016Assets 2017: $1,840,170Liabilities 2017: $16,826Net Assets 2017: $1,823,3442017Assets 2018: $1,818,681Liabilities 2018: $460,991Net Assets 2018: $1,357,6902018Assets 2019: $467,064Liabilities 2019: $221,521Net Assets 2019: $245,5432019Assets 2020: $256,211Liabilities 2020: $29,620Net Assets 2020: $226,5912020Assets 2021: $225,249Liabilities 2021: $9,185Net Assets 2021: $216,0642021Assets 2022: $215,488Liabilities 2022: $8,900Net Assets 2022: $206,5882022Assets 2023: $206,391Liabilities 2023: $11,000Net Assets 2023: $195,3912023Assets 2024: $197,448Liabilities 2024: $11,000Net Assets 2024: $186,4482024Assets 2025: $1,583,985Liabilities 2025: $11,000Net Assets 2025: $1,572,9852025

Highlighted filing

2024

Assets$197,448
Liabilities$11,000
Net Assets$186,448

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2012: $1,345,9872012Expenses 2013: $304,0222013Revenue 2014: $1,821,547Expenses 2014: $718,893Net Income 2014: $1,102,6542014Revenue 2015: $1,795Expenses 2015: $385,676Net Income 2015: -$383,8812015Revenue 2016: $1,378,000Expenses 2016: $242,756Net Income 2016: $1,135,2442016Revenue 2017: $4,027Expenses 2017: $1,882,042Net Income 2017: -$1,878,0152017Revenue 2018: $3,587Expenses 2018: $469,241Net Income 2018: -$465,6542018Revenue 2019: $4,889Expenses 2019: $1,117,036Net Income 2019: -$1,112,1472019Revenue 2020: $1,698Expenses 2020: $12,650Net Income 2020: -$10,9522020Revenue 2021: $73Expenses 2021: $10,600Net Income 2021: -$10,5272021Revenue 2022: $33Expenses 2022: $9,509Net Income 2022: -$9,4762022Revenue 2023: $2,203Expenses 2023: $13,400Net Income 2023: -$11,1972023Revenue 2024: $3,758Expenses 2024: $12,701Net Income 2024: -$8,9432024Revenue 2025: $1,399,894Expenses 2025: $13,357Net Income 2025: $1,386,5372025

Highlighted filing

2024

Revenue$3,758
Expenses$12,701
Net Income-$8,943
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Oct 7, 2024
Return Version
2023v5.1
Gross Receipts
$3,758
Mission and Program Overview

Mission

The mission of the theater subdistrict council (tsc) is to enhance the long-term viability of Broadway by making grants to facilitate the production of plays and small musicals within the theater subdistrict, making grants to develop new audiences for all types of theatrical productions, and monitoring preservation and use covenants in Broadways listed theaters.

The Theater Subdistrict Council (TSC) is organized for the purpose of promoting theater and theater-related use and preservation within the theater subdistrict and promoting the (Continued on Schedule O, Statement 1)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$206,391$197,448▼ $8,943
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$206,391$197,448▼ $8,943
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$11,000$11,000→ $0
Total Liabilities$11,000$11,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$195,391$186,448▼ $8,943
Total Net Assets Fund Balance$195,391$186,448▼ $8,943
Total Liabilities and Net Assets / Fund Balance$206,391$197,448▼ $8,943
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric AdamsChairman
Adrienne AdamsVice Chair
David Henry HwangBoard Member
Lin-manuel MirandaBoard Member
Paige PriceBoard Member
David ParishCFO
Mark LevineSecretary
Dan GarodnickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,758
Other Revenue
$0
Change in Net Assets
$-8,943

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,758
Revenue Not Reported on Form 990
$21,347
Total Revenue per Audited Statements
$25,105
Total Revenue per Form 990
$3,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,701
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$11,301-$11,301
Fees for Services Other-$1,400-$1,400
Total Functional Expenses$0$12,701$0$12,701

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$34,048
Expenses Not Reported on Form 990$21,347
Expenses per Audited Statements$12,701
Total Expenses per Form 990$12,701
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
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

The form 990 is reviewed and approved by the board.

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

All board members are required to review annually the list of proposed grantees and vendors and must disclose if there is any conflict of interest. Such covered persons shall make disclosures forthwith of the nature and extent of his or her potential conflicts.The disclosures shall be entered in writing into the minutes of the boardof directors.Appropiate measures shall then be taken to address the conflicts, which shall include recusal by the affected covered person with respect to all activities of thr TSC relating to the transaction.

Form 990, Part VI, Section C, Line 18

Documents are sent upon request and available on TSC's website.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Theater Development Council Local
EIN
26-0728288
Phone
2127203300
Address
120 BROADWAY 31ST FLOOR, NEW YORK, NY 10271

Signing Officer

Name
David Parish
Title
CFO
Signed
2024-10-07
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Wei Wei & Co Llp
Address
13310 39TH AVE, FLUSHING, NY 11354
Preparer
Liren Wei CPA
Phone
7184456308
Supplemental Narrative

Additional Explanations

Statement 1

Welfare of the theater subdistrict.generally the goals of the theater subdistrict include, but are not limited to, enhancing the long-term viability of broadway by facilitating the production of plays and small musicals within the theater subdistrict, developing new audiences for all types of theatrical productions, and monitoring preservation and use covenants in broadway's listed theaters.

Statement 2

welfare of the theater subdistrict. Generally the goals of the Theater SubdistrictCouncil include, but are not limited to, enhancing the long-term viability of Broadway by facilitating the production of plays and small musicals within the theater subdistrict, developing new audiences for all types of theatrical productions, and monitoring preservation and use covenants in Broadway's listedtheaters.

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

IN KIND DONATIONS $21347

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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt073
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01698
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04007
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalSupportAmt04007
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesUseFcltsAmt021347
IRS990ScheduleD/ExpensesNotReportedAmt021347
IRS990ScheduleD/ExpensesSubtotalAmt012701
IRS990ScheduleD/OtherRevenueAmt021347
IRS990ScheduleD/RevenueNotReportedAmt021347
IRS990ScheduleD/RevenueSubtotalAmt03758
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN KIND DONATIONS $21347
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/TotalExpensesPerForm990Amt012701
IRS990ScheduleD/TotalRevenuePerForm990Amt03758
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt025105
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt034048
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is reviewed and approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members are required to review annually the list of proposed grantees and vendors and must disclose if there is any conflict of interest. Such covered persons shall make disclosures forthwith of the nature and extent of his or her potential conflicts.The disclosures shall be entered in writing into the minutes of the boardof directors.Appropiate measures shall then be taken to address the conflicts, which shall include recusal by the affected covered person with respect to all activities of thr TSC relating to the transaction.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are sent upon request and available on TSC's website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WELFARE OF THE THEATER SUBDISTRICT.GENERALLY THE GOALS OF THE THEATER SUBDISTRICT INCLUDE, BUT ARE NOT LIMITED TO, ENHANCING THE LONG-TERM VIABILITY OF BROADWAY BY FACILITATING THE PRODUCTION OF PLAYS AND SMALL MUSICALS WITHIN THE THEATER SUBDISTRICT, DEVELOPING NEW AUDIENCES FOR ALL TYPES OF THEATRICAL PRODUCTIONS, AND MONITORING PRESERVATION AND USE COVENANTS IN BROADWAY'S LISTED THEATERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5welfare of the theater subdistrict. Generally the goals of the Theater SubdistrictCouncil include, but are not limited to, enhancing the long-term viability of Broadway by facilitating the production of plays and small musicals within the theater subdistrict, developing new audiences for all types of theatrical productions, and monitoring preservation and use covenants in Broadway's listedtheaters.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4STATEMENT 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5STATEMENT 2
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0206391
IRS990/TotalAssetsEOYAmt0197448
IRS990/TotalAssetsGrp/BOYAmt0206391
IRS990/TotalAssetsGrp/EOYAmt0197448
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012701
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt012701
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011000
IRS990/TotalLiabilitiesEOYAmt011000
IRS990/TotalLiabilitiesGrp/BOYAmt011000
IRS990/TotalLiabilitiesGrp/EOYAmt011000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0195391
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0186448
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03758
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03758
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0206391
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0197448
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0120 BROADWAY 31ST FLOOR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010271
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID PARISH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THEATER DEVELOPMENT COUNCIL LOCAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0THEA
ReturnHeader/Filer/EIN0260728288
ReturnHeader/Filer/PhoneNum02127203300
ReturnHeader/Filer/USAddress/AddressLine1Txt0120 BROADWAY 31ST FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010271
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113264561
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEI WEI & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013310 39TH AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLUSHING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011354
ReturnHeader/PreparerPersonGrp/PhoneNum07184456308
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Liren Wei CPA
ReturnHeader/ReturnTs02024-10-07T11:42:56-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.01$1.57$1.40$0.01$1.39
2024Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$0.00$0.01$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.01$0.20$0.00$0.01$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.01$0.21$0.00$0.01$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.01$0.22$0.00$0.01$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.03$0.23$0.00$0.01$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.22$0.25$0.00$1.12$1.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.46$1.36$0.00$0.47$0.47
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.02$1.82$0.00$1.88$1.88
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.72$0.02$3.70$1.38$0.24$1.14
2015Detailed filing. Detailed filing data is available for this year.$2.57$0.01$2.57$0.00$0.39$0.38
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.95$0.00$2.95$1.82$0.72$1.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.00$1.85$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.00$2.15$1.35