Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Liabilities / Revenue
61st percentile
Higher debt load relative to revenue than 61% of similar nonprofits.
Net Margin
83rd percentile
Higher net margin than 83% of similar nonprofits.
Top Officer Pay
90th percentile
Higher top officer pay than 90% of similar nonprofits.
Top officer pay equals 10.9% of source-year revenue.
Asset Growth
75th percentile
Faster asset growth than 75% of similar nonprofits.
Revenue Growth
77th percentile
Faster revenue growth than 77% of similar nonprofits.
Assets
Up$260,355
Up $87,855 (+51%) from 2018
Net Assets
Up$242,649
Up $83,487 (+52%) from 2018
Liabilities
Up$17,706
Up $4,368 (+33%) from 2018
Revenue
Up$360,156
Up $102,717 (+40%) from 2018
Expenses
Up$276,669
Up $17,041 (+6.6%) from 2018
Net Income
Up$83,487
Up $85,676 (+3914%) from 2018
The mission of fiasco theater is to offer dynamic, joyful, actor- driven productions of classic and new plays, and to offer high-level theatrical training through class & workshops.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $168,026 | $205,923 | ▲ $37,897 |
| Pledges and Grants Receivable | - | $51,000 | - |
| Prepaid Expenses and Deferred Charges | $2,294 | $2,105 | ▼ $189 |
| Land, Buildings, and Equipment, Net | $980 | $327 | ▼ $653 |
| Total Assets | $172,500 | $260,355 | ▲ $87,855 |
| Other Assets Total | $1,200 | $1,000 | ▼ $200 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $13,338 | $14,706 | ▲ $1,368 |
| Deferred Revenue | - | $3,000 | - |
| Total Liabilities | $13,338 | $17,706 | ▲ $4,368 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $159,162 | $162,649 | ▲ $3,487 |
| Net Assets With Donor Restrictions | - | $80,000 | - |
| Total Net Assets Fund Balance | $159,162 | $242,649 | ▲ $83,487 |
| Total Liabilities and Net Assets / Fund Balance | $172,500 | $260,355 | ▲ $87,855 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $327 | $4,632 | $4,959 |
| Land | $0 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Noah D Brody | Co-artistic Director/president | PT | $39,393 | $39,393 |
| Jessie D Austrian | Co-artistic Director/board Member | PT | $35,450 | $35,450 |
| Benjamin Steinfeld | Co-artistic Director/treasurer | PT | $24,900 | $24,900 |
| Name | Title |
|---|---|
| Derek Mclane | Board Member |
| Joanna Cole | Board Member |
| Robert L Macdonald | Board Member |
| Hope Sarah Goldstein | Secretary |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $141,190 |
| Other Expenses | $99,479 |
| Total Fundraising Expense | $47,955 |
| Professional Fundraising Fees | $36,000 |
| Grants and Similar Amounts Paid | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $77,118 | $24,000 | $0 | $101,118 |
| Fees for Services Professional Fundraising | - | - | $36,000 | $36,000 |
| Office Expenses | $32,876 | $1,476 | $465 | $34,817 |
| Other Salaries and Wages | $10,199 | $8,750 | $8,750 | $27,699 |
| Fees for Services Other | $17,350 | $4,800 | $500 | $22,650 |
| Occupancy | $11,730 | $4,090 | $1,093 | $16,913 |
| Fees for Services Accounting | $0 | $14,651 | $0 | $14,651 |
| Payroll Taxes | $7,820 | $3,769 | $784 | $12,373 |
| Insurance | $3,028 | $1,136 | $303 | $4,467 |
| Conferences and Meetings | $2,320 | $952 | $16 | $3,288 |
| Fees for Services Legal | $0 | $1,850 | $0 | $1,850 |
| Depreciation Depletion | $443 | $166 | $44 | $653 |
| Travel | $150 | $40 | $0 | $190 |
| Total Functional Expenses | $163,034 | $65,680 | $47,955 | $276,669 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $276,669 |
| Total Expenses per Audited Statements | $276,669 |
| Total Expenses per Form 990 | $276,669 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $36,000 |
“Family relationship: noah d. Brody and jessie d. Austrian are married.”
“The governing body is comprised of seven board members. The organization does not have committees at the present time.”
“Draft of form 990 is provided to all the board members for review and comments.”
“The organization requests that all board members sign an annual conflict of interest policy certification. In addition, board members are requested to complete an annual form 990 disclosure, which requests disclosure of any interests that could give rise to conflicts.”
“Compensation is discussed and approved by the board.”
“Compensation is discussed and approved by the board.”
“All documents are available upon request.”
“The board has oversight over the audit.”
“Part iii, line 1 - the mission of fiasco theater is to offer dynamic, joyful, actor-driven productions of classic and new plays, and to offer high-level theatrical training through classes and workshops. Our goal is to create a new model of fiscal sustainability whereby we renumerate our artists for their valuable work and offer our performances and training at low or no cost to our audiences and students.”
“Part iii, line 4a - productions/partnerships: since our founding, fiasco has built a reputation amongst major not-for-profit theaters as a company that is highly adept at developing imaginative interpretations of existing works. That reputation has allowed us to create an innovative business model in which partner theaters commit to a fiasco production before its development even begins. This method allows us to explore our work in-depth through discussion and experimentation, and to investigate the text and its themes more fully than otherwise possible during a standard rehearsal period. By partnering with established theaters for our productions, we alleviate the weight of administrative costs, and these partnerships help us reach new audiences who then recognize and follow our work. This unique model also allows us to fairly compensate our company members and collaborators for their contributions to both the development of shows and their full productions. Once productions are placed at a larger not-for-profit theater, fiasco negotiates salaries above minimum for our company members under favored nations agreements, ensuring competitive wages for all involved artists. Fiasco takes on the cost of our development workshops, offering competitive salaries, health insurance, and pensions according to equity codes, while our partner institutions absorb the larger expenses of payroll and design. This allows us to minimize costs while maximizing the amount we pay our artists, all while making work of exceptional quality. The best example of how we thrive in partnerships is our ongoing appointment as company-in-residence at roundabout theatre company. In partnership with roundabout, beginning in 2016, we were honored to develop our esteemed production of into the woods with stephen sondheim himself; the show's subsequent run and national tour were seminal and transformative for fiasco as an organization. In 2018, with roundabout's dedicated support, we help several fruitful workshops of sondheim's merrily we roll along, and premiered the new production in a critically-acclaimed run from january 12 - april 14, 2019. Merrily we roll along was nominated for two drama desk awards, an off-broadway alliance award, a lortel award, and chita rivera award. Production development: fiasco theater has a roster of works in development year-round, investing more time than is typical in the development and rehearsal process of a work. We have developed work at a wide range of respected institutions, including the new victory/labworks, sundance institute, the orchard project and the shakespeare society. Fiasco has previously been in residence at duke university, marquette university, and louisiana state university, and in addition to our ongoing residency at roundabout, we have maintained a residency at new york university's gallatin school of individualized study since 2011. Readings & workshops: fiasco's ongoing free reading series allows us to bring more work to our audiences, increase our development capacity by offering more cultivation touchpoints, and consider more shows for fully staged productions in the future. Created in 2018, the series is curated by fiasco company members, with each reading taking place publicly for over 60 audience members. Select readings also include a talkback component for additional audience engagement. In 2019, we held a public reading of donald margulies' sight unseen and workshopped way of the world by william congrave at roundabout theatre. Training: each year, fiasco offers educational programs that provide exemplary classical training while also giving actors agency in a traditionally hierarchical system. Chief among these activities is our free training initiative (fti). Launched in 2008, the fti is a three-week, conservatory-level classical acting intensive for professional performers. In the first week, we focus on a monologue of the student's choosing; in the second week, students are assigned a two-per”
“The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 13338 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 14706 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE MISSION OF FIASCO THEATER IS TO OFFER DYNAMIC, JOYFUL, ACTOR- DRIVEN PRODUCTIONS OF CLASSIC AND NEW PLAYS, AND TO OFFER HIGH-LEVEL THEATRICAL TRAINING THROUGH CLASS & WORKSHOPS. |
| IRS990/AllOtherContributionsAmt | 0 | 186293 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | NOAH BRODY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9174944923 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 320 WEST 38TH STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10018 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 168026 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 205923 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 24000 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 77118 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 101118 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 16 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 952 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 2320 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 3288 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 193293 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 99479 |
| IRS990/CYOtherRevenueAmt | 0 | 11063 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 155800 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 83487 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 141190 |
| IRS990/CYTotalExpensesAmt | 0 | 276669 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 47955 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 36000 |
| IRS990/CYTotalRevenueAmt | 0 | 360156 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 3000 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 44 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 166 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 443 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 653 |
| IRS990/Desc | 0 | SEE SCHEDULE O |
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| IRS990/DocumentRetentionPolicyInd | 0 | true |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 80000 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 7 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 163034 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 14651 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 14651 |
| IRS990/FeesForServicesLegalGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1850 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 1850 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 500 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 4800 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 17350 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 22650 |
| IRS990/FeesForServicesProfFundraising/FundraisingAmt | 0 | 36000 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 36000 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 30.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 30.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 30.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
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| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
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| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | NOAH D BRODY |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JESSIE D AUSTRIAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ROBERT L MACDONALD |
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| IRS990/GrantsToOrganizationsInd | 0 | false |
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| IRS990/InsuranceGrp/FundraisingAmt | 0 | 303 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1136 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 3028 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4467 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
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| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 4959 |
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| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 4090 |
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| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 150 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
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| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 8750 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 10199 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 27699 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 784 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 3769 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 7820 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 12373 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 51000 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2294 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2105 |
| IRS990/PrincipalOfficerNm | 0 | NOAH BRODY |
| IRS990/ProfessionalFundraisingInd | 0 | true |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 711110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 711110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 711110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RESIDENCY INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | CONVERVATORY INCOME |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Other Income Part III, Line 12 Description: MISCELLANEOUS INCOME 2015: 1876. 2016: 401. 2017: 250. 2019: 150. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Pt III Ln 12 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt X, Line 2 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FAMILY RELATIONSHIP: NOAH D. BRODY AND JESSIE D. AUSTRIAN ARE MARRIED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE GOVERNING BODY IS COMPRISED OF SEVEN BOARD MEMBERS. THE ORGANIZATION DOES NOT HAVE COMMITTEES AT THE PRESENT TIME. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DRAFT OF FORM 990 IS PROVIDED TO ALL THE BOARD MEMBERS FOR REVIEW AND COMMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION REQUESTS THAT ALL BOARD MEMBERS SIGN AN ANNUAL CONFLICT OF INTEREST POLICY CERTIFICATION. IN ADDITION, BOARD MEMBERS ARE REQUESTED TO COMPLETE AN ANNUAL FORM 990 DISCLOSURE, WHICH REQUESTS DISCLOSURE OF ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | COMPENSATION IS DISCUSSED AND APPROVED BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | COMPENSATION IS DISCUSSED AND APPROVED BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE BOARD HAS OVERSIGHT OVER THE AUDIT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | PART III, LINE 1 - THE MISSION OF FIASCO THEATER IS TO OFFER DYNAMIC, JOYFUL, ACTOR-DRIVEN PRODUCTIONS OF CLASSIC AND NEW PLAYS, AND TO OFFER HIGH-LEVEL THEATRICAL TRAINING THROUGH CLASSES AND WORKSHOPS. OUR GOAL IS TO CREATE A NEW MODEL OF FISCAL SUSTAINABILITY WHEREBY WE RENUMERATE OUR ARTISTS FOR THEIR VALUABLE WORK AND OFFER OUR PERFORMANCES AND TRAINING AT LOW OR NO COST TO OUR AUDIENCES AND STUDENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | PART III, LINE 4A - PRODUCTIONS/PARTNERSHIPS: SINCE OUR FOUNDING, FIASCO HAS BUILT A REPUTATION AMONGST MAJOR NOT-FOR-PROFIT THEATERS AS A COMPANY THAT IS HIGHLY ADEPT AT DEVELOPING IMAGINATIVE INTERPRETATIONS OF EXISTING WORKS. THAT REPUTATION HAS ALLOWED US TO CREATE AN INNOVATIVE BUSINESS MODEL IN WHICH PARTNER THEATERS COMMIT TO A FIASCO PRODUCTION BEFORE ITS DEVELOPMENT EVEN BEGINS. THIS METHOD ALLOWS US TO EXPLORE OUR WORK IN-DEPTH THROUGH DISCUSSION AND EXPERIMENTATION, AND TO INVESTIGATE THE TEXT AND ITS THEMES MORE FULLY THAN OTHERWISE POSSIBLE DURING A STANDARD REHEARSAL PERIOD. BY PARTNERING WITH ESTABLISHED THEATERS FOR OUR PRODUCTIONS, WE ALLEVIATE THE WEIGHT OF ADMINISTRATIVE COSTS, AND THESE PARTNERSHIPS HELP US REACH NEW AUDIENCES WHO THEN RECOGNIZE AND FOLLOW OUR WORK. THIS UNIQUE MODEL ALSO ALLOWS US TO FAIRLY COMPENSATE OUR COMPANY MEMBERS AND COLLABORATORS FOR THEIR CONTRIBUTIONS TO BOTH THE DEVELOPMENT OF SHOWS AND THEIR FULL PRODUCTIONS. ONCE PRODUCTIONS ARE PLACED AT A LARGER NOT-FOR-PROFIT THEATER, FIASCO NEGOTIATES SALARIES ABOVE MINIMUM FOR OUR COMPANY MEMBERS UNDER FAVORED NATIONS AGREEMENTS, ENSURING COMPETITIVE WAGES FOR ALL INVOLVED ARTISTS. FIASCO TAKES ON THE COST OF OUR DEVELOPMENT WORKSHOPS, OFFERING COMPETITIVE SALARIES, HEALTH INSURANCE, AND PENSIONS ACCORDING TO EQUITY CODES, WHILE OUR PARTNER INSTITUTIONS ABSORB THE LARGER EXPENSES OF PAYROLL AND DESIGN. THIS ALLOWS US TO MINIMIZE COSTS WHILE MAXIMIZING THE AMOUNT WE PAY OUR ARTISTS, ALL WHILE MAKING WORK OF EXCEPTIONAL QUALITY. THE BEST EXAMPLE OF HOW WE THRIVE IN PARTNERSHIPS IS OUR ONGOING APPOINTMENT AS COMPANY-IN-RESIDENCE AT ROUNDABOUT THEATRE COMPANY. IN PARTNERSHIP WITH ROUNDABOUT, BEGINNING IN 2016, WE WERE HONORED TO DEVELOP OUR ESTEEMED PRODUCTION OF INTO THE WOODS WITH STEPHEN SONDHEIM HIMSELF; THE SHOW'S SUBSEQUENT RUN AND NATIONAL TOUR WERE SEMINAL AND TRANSFORMATIVE FOR FIASCO AS AN ORGANIZATION. IN 2018, WITH ROUNDABOUT'S DEDICATED SUPPORT, WE HELP SEVERAL FRUITFUL WORKSHOPS OF SONDHEIM'S MERRILY WE ROLL ALONG, AND PREMIERED THE NEW PRODUCTION IN A CRITICALLY-ACCLAIMED RUN FROM JANUARY 12 - APRIL 14, 2019. MERRILY WE ROLL ALONG WAS NOMINATED FOR TWO DRAMA DESK AWARDS, AN OFF-BROADWAY ALLIANCE AWARD, A LORTEL AWARD, AND CHITA RIVERA AWARD. PRODUCTION DEVELOPMENT: FIASCO THEATER HAS A ROSTER OF WORKS IN DEVELOPMENT YEAR-ROUND, INVESTING MORE TIME THAN IS TYPICAL IN THE DEVELOPMENT AND REHEARSAL PROCESS OF A WORK. WE HAVE DEVELOPED WORK AT A WIDE RANGE OF RESPECTED INSTITUTIONS, INCLUDING THE NEW VICTORY/LABWORKS, SUNDANCE INSTITUTE, THE ORCHARD PROJECT AND THE SHAKESPEARE SOCIETY. FIASCO HAS PREVIOUSLY BEEN IN RESIDENCE AT DUKE UNIVERSITY, MARQUETTE UNIVERSITY, AND LOUISIANA STATE UNIVERSITY, AND IN ADDITION TO OUR ONGOING RESIDENCY AT ROUNDABOUT, WE HAVE MAINTAINED A RESIDENCY AT NEW YORK UNIVERSITY'S GALLATIN SCHOOL OF INDIVIDUALIZED STUDY SINCE 2011. READINGS & WORKSHOPS: FIASCO'S ONGOING FREE READING SERIES ALLOWS US TO BRING MORE WORK TO OUR AUDIENCES, INCREASE OUR DEVELOPMENT CAPACITY BY OFFERING MORE CULTIVATION TOUCHPOINTS, AND CONSIDER MORE SHOWS FOR FULLY STAGED PRODUCTIONS IN THE FUTURE. CREATED IN 2018, THE SERIES IS CURATED BY FIASCO COMPANY MEMBERS, WITH EACH READING TAKING PLACE PUBLICLY FOR OVER 60 AUDIENCE MEMBERS. SELECT READINGS ALSO INCLUDE A TALKBACK COMPONENT FOR ADDITIONAL AUDIENCE ENGAGEMENT. IN 2019, WE HELD A PUBLIC READING OF DONALD MARGULIES' SIGHT UNSEEN AND WORKSHOPPED WAY OF THE WORLD BY WILLIAM CONGRAVE AT ROUNDABOUT THEATRE. TRAINING: EACH YEAR, FIASCO OFFERS EDUCATIONAL PROGRAMS THAT PROVIDE EXEMPLARY CLASSICAL TRAINING WHILE ALSO GIVING ACTORS AGENCY IN A TRADITIONALLY HIERARCHICAL SYSTEM. CHIEF AMONG THESE ACTIVITIES IS OUR FREE TRAINING INITIATIVE (FTI). LAUNCHED IN 2008, THE FTI IS A THREE-WEEK, CONSERVATORY-LEVEL CLASSICAL ACTING INTENSIVE FOR PROFESSIONAL PERFORMERS. IN THE FIRST WEEK, WE FOCUS ON A MONOLOGUE OF THE STUDENT'S CHOOSING; IN THE SECOND WEEK, STUDENTS ARE ASSIGNED A TWO-PER |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 8b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt VI, Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Pt XII, Line 2c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.