Civic Intelligence

Miami Theater Hub Inc

EIN 47-1690840 • 501(c)3 • Miami, FL

Pub. 78 Eligible990-N Coverage

Profile

Miami new drama is a nonprofit professional theater company based in miami beach, florida, and is committed to artistic excellence and groundbreaking work, with a vision of theater as a powerful form of social engagement. In residence at the historic colony theatre on miami beach, the company focuses on the development of new plays and musicals in both english and spanish.

1040 Lincoln RoadMiami, FL 33125

n/A

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.32x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

28th percentile

-5.4%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-1.4%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,571,763

Down $342,984 (-18%) from 2023

Liabilities

Down

$1,478,879

Down $97,006 (-6.2%) from 2023

Net Assets

Down

$92,884

Down $245,978 (-73%) from 2023

Revenue

Down

$4,571,442

Down $66,264 (-1.4%) from 2023

Expenses

Up

$4,818,309

Up $470,631 (+11%) from 2023

Net Income

Down

-$246,867

Down $536,895 (-185%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2016: $15,706Liabilities 2016: $0Net Assets 2016: $15,7062016Assets 2017: $85,047Liabilities 2017: $72,817Net Assets 2017: $12,2302017Assets 2018: $106,810Liabilities 2018: $298,608Net Assets 2018: -$191,7982018Assets 2019: $799,811Liabilities 2019: $491,209Net Assets 2019: $308,6022019Assets 2020: $164,166Liabilities 2020: $747,102Net Assets 2020: -$582,9362020Assets 2021: $1,012,464Liabilities 2021: $997,664Net Assets 2021: $14,8002021Assets 2022: $596,200Liabilities 2022: $547,808Net Assets 2022: $48,3922022Assets 2023: $1,914,747Liabilities 2023: $1,575,885Net Assets 2023: $338,8622023Assets 2024: $1,571,763Liabilities 2024: $1,478,879Net Assets 2024: $92,8842024

Highlighted filing

2024

Assets$1,571,763
Liabilities$1,478,879
Net Assets$92,884

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,200Expenses 2014: $1,200Net Income 2014: $02014Revenue 2016: $350,842Expenses 2016: $335,136Net Income 2016: $15,7062016Revenue 2017: $1,038,276Expenses 2017: $1,041,752Net Income 2017: -$3,4762017Revenue 2018: $1,874,477Expenses 2018: $2,015,391Net Income 2018: -$140,9142018Revenue 2019: $3,442,748Expenses 2019: $2,641,525Net Income 2019: $801,2232019Revenue 2020: $1,911,479Expenses 2020: $2,684,262Net Income 2020: -$772,7832020Revenue 2021: $2,353,373Expenses 2021: $2,041,069Net Income 2021: $312,3042021Revenue 2022: $5,205,110Expenses 2022: $5,137,929Net Income 2022: $67,1812022Revenue 2023: $4,637,706Expenses 2023: $4,347,678Net Income 2023: $290,0282023Revenue 2024: $4,571,442Expenses 2024: $4,818,309Net Income 2024: -$246,8672024

Highlighted filing

2024

Revenue$4,571,442
Expenses$4,818,309
Net Income-$246,867

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 15, 2025
Return Version
2023v6.0
Gross Receipts
$4,571,442
Mission and Program Overview

Mission

Miami new drama is a nonprofit professional theater company based in miami beach, florida, and is committed to artistic excellence and groundbreaking work, with a vision of theater as a powerful form of social engagement. In residence at the historic colony theatre on miami beach, the company focuses on the development of new plays and musicals in both english and spanish.

Theatre production including an eclectic mix of original plays, musicals, classics and world premiers featuring specially commissioned work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$934,527$1,036,882▲ $102,355
Prepaid Expenses and Deferred Charges$452,890--
Land, Buildings, and Equipment, Net$270,242$340,905▲ $70,663
Loans From Officers Directors$333,000$203,000▼ $130,000
Cash and Non-Interest-Bearing Accounts$189,653$157,650▼ $32,003
Investments in Publicly Traded Securities$52,299$26,231▼ $26,068
Total Assets$1,914,747$1,571,763▼ $342,984
Other Assets Total$15,136$10,095▼ $5,041
Liabilities
Other Liabilities$145,244$542,330▲ $397,086
Accounts Payable and Accrued Expenses$350,808$336,286▼ $14,522
Mortgage Notes Payable Secured by Investment Property$315,000$315,000→ $0
Deferred Revenue$431,833$82,263▼ $349,570
Total Liabilities$1,575,885$1,478,879▼ $97,006
Net Assets / Fund Balance
Net Assets With Donor Restrictions$886,250$436,000▼ $450,250
Net Assets Without Donor Restrictions$-547,388$-343,116▲ $204,272
Total Net Assets Fund Balance$338,862$92,884▼ $245,978
Total Liabilities and Net Assets / Fund Balance$1,914,747$1,571,763▼ $342,984

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$310,966$68,235$379,201
Other Land Buildings$29,939-$29,939
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michel HausmannDirectorFT$81,538$81,538
Nicholas RichbergManaging DirectorFT$81,000$81,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Handyplus911-1705 NORTHWEST 80TH AVENUE UNIT B, Margate, FL 33063$119,288
Revenue and Support

Revenue Composition

Contributions and Grants
$1,955,368
Program Service Revenue
$2,318,107
Investment Income
$118,013
Other Revenue
$179,954
All Other Contributions
$615,540
Change in Net Assets
$-246,867

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,571,442
Revenue Not Reported on Form 990
$889
Total Revenue per Audited Statements
$4,572,331
Total Revenue per Form 990
$4,571,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,799,244
Salaries, Compensation, and Employee Benefits$2,019,065
Total Fundraising Expense$44,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,632,424$201,760-$1,834,184
Fees for Services Other$877,935$54,583$44,700$977,218
Advertising$433,672--$433,672
Travel$342,180--$342,180
Occupancy$162,741$40,685-$203,426
Payroll Taxes$164,544$20,337-$184,881
Office Expenses$112,386$41,577-$153,963
Depreciation Depletion$51,942--$51,942
Other Expenses$21,237$16,576-$37,813
Total Functional Expenses$4,363,808$409,801$44,700$4,818,309

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,818,309
Total Expenses per Audited Statements$4,818,309
Total Expenses per Form 990$4,818,309
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,260
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
Loans from Officers, Directors, Trustees, and Key Employees$333,000$203,000▼ $130,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Erc Refund Advance$500,000
Credit Card Payable$41,010
Security Deposits$1,250
Fl Department of Revenue Payable$70
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, Page 6, Part VI, Line 2

Yael muller eduardo muller secretary director husband and wife lawrence gragg maureen gragg director director husband and wife helene lindenfeld martin lindenfeld director director husband and wife patricio kreutzberger andrea kreutzberger director director husband and wife david michael scharlin amy scharlin chair director husband and wife

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by an external cpa firm. The finance committee, controller and managing director review the draft return, including all accompanying schedules and statements. A copy of the completed return is then provided to the board of directors.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is reviewed annually with the board of directors and any conflicting interests are discussed and resolved appropriately.

Form 990, Page 6, Part VI, Line 19

The organization makes it governing documents and financial information available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Miami New Drama
EIN
47-1690840
Address
1040 LINCOLN ROAD, MIAMI, FL 33125

Signing Officer

Name
Nicholas Richberg
Title
Managing Director
Signed
2025-08-15

Organization Details

Principal Officer
Nicholas Richberg
Formed
2014
Legal Domicile
Fl
Voting Board Members
21
Independent Board Members
21
Employees
157

Preparer

Firm
Garcia Santa Maria De Armas Trujillo
Address
135 SAN LORENZO AVE STE 660, CORAL GABLES, FL 33146
Preparer
Pedro De Armas
Phone
3054480404
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Miami new drama is a nonprofit professional theater company based in miami beach, florida, and is committed to artistic excellence and groundbreaking work with a vision of theater as a powerful form of social engagement. In residence at the historic colony theater on miami beach, the company focuses on the development of new plays and musicals in both english and spanish.

Form 990

Miami new drama is a nonprofit professional theater company based in miami beach, florida committed to artistic excellence and groundbreaking work, with a vision of theater as a powerful form of social engagement. In residence at the historic colony theater on miami beach, the company focuses on the development of new plays and musicals in both english and spanish, most notably 7 deadly sins, winner of the 2021 drama league award for outstanding interactive or socially-distanced theater, the world premiere of the new louis armstrong musical a wonderful world, miami new times best play create dangerously by lileana-blain cruz, pap cuatro by juan souki, the first ever multilingual adaptation of thornton wilder's classic our town and when monica met hillary by winter miller (both now published with dramatists play services), the cubans by michael leon, confessions of a cocaine cowboy by billy corben & aurin squire, queen of basel by hilary bettis, viva la parranda by betsayda machado and la parranda el clavo in collaboration with juan souki, and the 20th anniversary production of nilo cruz's pulitzer prize winning anna in the tropics. Miami new drama is the winner of two knight arts challenge awards and a knight new works miami award from the knight foundation. Alongside main stage productions, miami new drama's education program serves thousands of students in miami-dade county through its in-school residencies, city of miami beach steam program, school tours, student matinees and year-round theater intensives. 90% of students attend intensives on scholarship, and all education programs are coordinated directly with miami-dade county's administrators and educators to provide a theater experience at no cost to schools or students. Miami new drama is the largest bilingual theater company in the united states.

Form 990, Page 2, Part III, Line 4A

Miami new drama produced and co-produced six major theatrical productions and hosted 14 rental events during the fiscal year, totaling 147 performances and serving 27,547 audience members. These included world premieres and culturally significant works such as las aventuras de juan planchard, two sisters and a piano, dangerous days, en la vida hay amores, and puras cosas maravillosas. These productions contributed to the cultural enrichment of the miami beach community and elevated the city's reputation as a center for innovative theater. The organization provided arts education to over 500 students through in- school residency programs, steam+ workshops, and summer theater intensives. These programs were delivered in partnership with local public schools and community institutions, offering students hands-on experience in acting, playwriting, design, and technical theater. Over 90% of summer participants received full or partial scholarships. Community outreach initiatives, including the "we saved you a seat" program, provided free access to over 160 guests from underserved communities, nonprofit organizations, and educational institutions. Student matinees of two sisters and a piano reached 763 students and educators from 16 schools, with educational materials and post-show discussions enhancing the experience. Facility improvements at the colony theatre included upgrades to lighting, sound, hvac, and elevator systems, enhancing safety, accessibility, and audience experience. These accomplishments reflect miami new drama's commitment to artistic excellence, educational outreach, and community impact.

Form 990, Part IX, Line 11G

Other fees 877,935 54,583 44,700

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the provisions of asc no 740, "accounting for uncertainty in income taxes" ("asc no 740"). Asc 740 required that the impact of tax positions to be recognized in the financial statements if they are more likely than not of being sustained upon examination. Accordingly, no provision for income taxes is made in the financial statements. At 9/30/24, there were no uncertain tax positions. The organization files tax returns with us federal and other tax authorities for which statue limitations may go back to the year ended 2021.

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