Civic Intelligence

Fiasco Theater Ltd

990 • Fiscal year 2022 • EIN 26-3105037

Jan 01, 2022 to Jun 30, 2022 • Filed on May 09, 2023

PO Box 291New York, NY 10276-0291

(917) 494-4923

Siviq Scores

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

Liabilities / Assets

64th percentile

0.08x

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

2022 filings • NTEE A65 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.13x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • NTEE A65 • <$500k nonprofits • Source year 2022

Net Margin

38th percentile

-5.3%

Higher net margin than 38% of similar nonprofits.

2022 filings • NTEE A65 • <$500k nonprofits • Source year 2022

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

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

2022 filings • NTEE A65 • <$500k nonprofits • Source year 2022

Asset Growth

51st percentile

1.1%

Faster asset growth than 51% of similar nonprofits.

2022 filings • NTEE A65 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-47%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • NTEE A65 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$392,295

Up $4,335 (+1.1%) from 2021

Net Assets

Down

$361,855

Down $12,019 (-3.2%) from 2021

Liabilities

Up

$30,440

Up $16,354 (+116%) from 2021

Revenue

Down

$228,212

Down $205,592 (-47%) from 2021

Expenses

Down

$240,231

Down $95,098 (-28%) from 2021

Net Income

Down

-$12,019

Down $110,494 (-112%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $234,203Liabilities 2013: $78,500Net Assets 2013: $155,7032013Assets 2014: $121,788Liabilities 2014: $9,346Net Assets 2014: $112,4422014Assets 2016: $167,274Liabilities 2016: $55,244Net Assets 2016: $112,0302016Assets 2018: $172,500Liabilities 2018: $13,338Net Assets 2018: $159,1622018Assets 2019: $260,355Liabilities 2019: $17,706Net Assets 2019: $242,6492019Assets 2020: $286,134Liabilities 2020: $10,735Net Assets 2020: $275,3992020Assets 2021: $387,960Liabilities 2021: $14,086Net Assets 2021: $373,8742021Assets 2022: $392,295Liabilities 2022: $30,440Net Assets 2022: $361,8552022Assets 2025: $693,768Liabilities 2025: $38,067Net Assets 2025: $655,7012025

Highlighted filing

2022

Assets$392,295
Liabilities$30,440
Net Assets$361,855

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $187,086Expenses 2013: $150,344Net Income 2013: $36,7422013Revenue 2014: $451,450Expenses 2014: $494,711Net Income 2014: -$43,2612014Revenue 2016: $401,155Expenses 2016: $452,600Net Income 2016: -$51,4452016Revenue 2018: $257,439Expenses 2018: $259,628Net Income 2018: -$2,1892018Revenue 2019: $360,156Expenses 2019: $276,669Net Income 2019: $83,4872019Revenue 2020: $284,609Expenses 2020: $251,859Net Income 2020: $32,7502020Revenue 2021: $433,804Expenses 2021: $335,329Net Income 2021: $98,4752021Revenue 2022: $228,212Expenses 2022: $240,231Net Income 2022: -$12,0192022Revenue 2025: $765,890Expenses 2025: $418,638Net Income 2025: $347,2522025

Highlighted filing

2022

Revenue$228,212
Expenses$240,231
Net Income-$12,019
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2022v5.0
Gross Receipts
$235,112
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$347,363$350,359▲ $2,996
Pledges and Grants Receivable$10,000$10,000→ $0
Prepaid Expenses and Deferred Charges$6,403$3,531▼ $2,872
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$387,960$392,295▲ $4,335
Other Assets Total$24,194$28,405▲ $4,211
Liabilities
Accounts Payable and Accrued Expenses$14,086$30,440▲ $16,354
Total Liabilities$14,086$30,440▲ $16,354
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$328,874$326,855▼ $2,019
Net Assets With Donor Restrictions$45,000$35,000▼ $10,000
Total Net Assets Fund Balance$373,874$361,855▼ $12,019
Total Liabilities and Net Assets / Fund Balance$387,960$392,295▲ $4,335

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$4,959$4,959
Land$0--
Other Assets Org$28,405--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Noah D BrodyPresident/co-artistic Director
Alice ScovellBoard Member
Derek MclaneBoard Member
Joanna ColeBoard Member
Robert Barry FlemingBoard Member
Robert L MacdonaldBoard Member
Jessie D AustrianCo-artistic Director
Benjamin SteinfeldTreasurer/co-artistic Director
Hope Sarah GoldsteinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$144,730
Program Service Revenue
$81,012
Investment Income
$0
Other Revenue
$2,470
All Other Contributions
$132,061
Change in Net Assets
$-12,019

Audited Revenue Reconciliation

Revenue per Audited Statements
$228,212
Total Revenue per Audited Statements
$228,212
Total Revenue per Form 990
$228,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$140,396
Other Expenses$99,835
Total Fundraising Expense$22,849
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$40,704$18,869$11,305$70,878
Other Salaries and Wages$36,291$11,800$3,708$51,799
Fees for Services Other$23,049$5,700$2,231$30,980
Occupancy$16,690$1,200$0$17,890
Payroll Taxes$6,907$2,751$1,347$11,005
Fees for Services Management$0$5,681$2,606$8,287
Fees for Services Accounting$0$7,733$0$7,733
Other Employee Benefits$4,213$1,679$822$6,714
Travel$5,350$795$0$6,145
Office Expenses$4,799$1,138$182$6,119
Insurance$2,872$1,144$560$4,576
Advertising$417$240$0$657
Other Expenses$147$229$0$376
Information Technology$50$2$0$52
Total Functional Expenses$156,535$60,847$22,849$240,231

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$240,231
Total Expenses per Audited Statements$240,231
Total Expenses per Form 990$240,231
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,900
Fundraising Gross Income$6,900
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Fiasco Theater Ltd
EIN
26-3105037
Phone
9174944923
Address
PO BOX 291, New York, NY 10276-0291

Signing Officer

Name
Noah Brody
Title
Co-artistic Director
Phone
9174944923
Signed
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Noah Brody
Formed
2009
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
12

Preparer

Firm
Rich and Bander Llp
Address
79 Madison Avenue 2nd Floor, New York, NY 10016
Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Family relationship: noah d. Brody and jessie d. Austrian are married.

Pt VI, Line 8B

The governing body is comprised of eight board members. The organization does not have committees at the present time.

Pt VI, Line 11B

Draft of form 990 is provided to all the board members for review and comments.

Pt VI, Line 12C

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.

Pt VI, Line 15A

Compensation is discussed and approved by the board.

Pt VI, Line 15B

Compensation is discussed and approved by the board.

Pt VI, Line 19

All documents are available upon request.

Pt XII, Line 2C

The board has oversight over the audit.

Other

Part i, line 1 and part iii, line 1 - founded in 2009, fiasco theater is an ensemble theater company based in nyc. Our mission is to offer dynamic, joyful, actor-driven productions, and the highest quality, accessible, affordable training for emerging artists. We create deliberate, joy-based theatrical experiences that delight audiences of seasoned theatergoers and newcomers alike. To date over 200,000 audience members in nyc have seen our productions, including 12,000+ school children, and the ny times has called fiasco "a force to recknon with in the american theater". After the runaway success of our first show (cymbeline, 2009), we were fortunate to partner with larger institutions to present our work for 10 years. In 2019, we launched a new strategic plan to grow our capacity to produce more of our own programming, towards our long-term goal to elevate and transform the standard for how theater gets made, by disrupting the current culture and offerring a more humane and joyful alternative to artists, students and audiences. Though covid altered and paused our plans, it also meant many of our practices - humane scheduling, fair pay, caregiver inclusion - became part of the national conversation. We are now poised to build upon a strong foundation into an institutional leader in creating joyful and equitable arts for audiences.

Other

Part iii, line 4a - fiasco currently produces annual programming in four categories. 1) we develop productions through our internal development series, groundwork, as well as year-round readings and workshops that are open to the public; 2) we conduct professional education programs, including master classes, our free training initiative and our conservatory program; 3) we produce actor-centered productions through several developmental performance series, including the workshop production initiative without a net and 4) we co-produce, or are presented by, partner theaters. Presenting partner theaters in nyc have included classic stage co, tfana, new victory and roundabout theatre, where we serve as the first-ever company in residence. We believe the way the work is made is as important as the work itself. We strive to empower actors in our processes, disrupting the typical hierarchy of american theater-making. We have a shared leadership structure, and our classes and productions often have co-teachers and co-directors, modeling collaboration and multiple perspectives, inviting ensemble members to bring their whole selves to the conversation. We pay artists and educators a living wage (we define this as never less than $20/hr) and work in humane conditions (5 day work-week, 72 hour advanced scheduling notice). Pleasure is a part of the foundation of everything we create: we believe joy is a key ingredient in the communal act of sharing a story with an audience.

Form 990, Part IX, Line 11G

Graphics, photography, video and design fees 3343. 3343. 0. 0.

Form 990, Part IX, Line 11G

Education fees 16873. 16873. 0. 0.

Form 990, Part IX, Line 11G

Consulting fees 7931. 5700. 2231.

Form 990, Part IX, Line 11G

Covid compliance officer 2833. 2833. 0. 0.

Financial Statement Notes

Pt 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.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02751
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: MISCELLANEOUS INCOME 2019: 150. 2020: 605. 2021: 5280. 2022: 1470.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
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