Atlantic Theater Company
- Assets
- $26.6m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 339
- Location
- New York, NY
- Founding
- 02/1987
- Data as of
- 08/2021
- EIN
- 13-3218253
Organization Overview
Atlantic Theater Company is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Atlantic Theater Company employed 339 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Theater Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Atlantic Theater Company generated $8.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $7.8m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE GREAT PLAYS SIMPLY AND TRUTHFULLY UTILIZING AN ARTISTIC ENSEMBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE OUR INCEPTION, ATLANTIC HAS BEEN TRAINING YOUNG PEOPLE IN THE THEATER AT ATLANTIC ACTING SCHOOL, WHERE WE EQUIP OUR STUDENTS WITH THE PHYSICAL, EMOTIONAL, AND ANALYTICAL TOOLS OF ACTING TO DISCOVER THEIR TRUTHS AND PREPARE THEM FOR SUCCESS BEYOND OUR DOORS. EACH YEAR, WE OFFER AN ACCREDITED CONSERVATORY PROGRAM, A BFA PROGRAM OPERATED THROUGH NEW YORK UNIVERSITY, AND AFTERSCHOOL AND SUMMER PROGRAMS FOR CHILDREN AND TEENAGERS FROM ACROSS THE CITY. WE'RE ALSO SERVING OVER 3,500 NYC PUBLIC SCHOOL STUDENTS THROUGH VARIOUS ARTS EDUCATION PROGRAMS. IN STAGING SUCCESS, ATLANTIC PARTNERS WITH THREE PUBLIC HIGH SCHOOLS TO OFFER IN OR AFTERSCHOOL CROSS-CURRICULAR THEATER CLASSES. SIMULTANEOUSLY, ATLANTIC'S DISCOVER SUCCESS IS A MATINEE PROGRAM PROVIDING STUDENTS FROM 30 NYC SCHOOLS WITH TICKETS TO ATLANTIC PRODUCTIONS, PRE-SHOW CLASSROOM VISITS WITH TEACHING ARTISTS, STUDY GUIDES, AND POST-SHOW DISCUSSIONS WITH THE PLAY'S CAST. OLDER STUDENTS RECEIVE TICKETS TO ATLANTIC PRODUCTIONS WHILE YOUNGER CHILDREN ATTEND ONE OF THE COMPANY'S ATLANTIC FOR KIDS SHOW - WHICH WILL RETURN IN 2023. WE ALSO SERVE NEURODIVERSE CHILDREN AND YOUNG ADULTS -PARTICULARLY THOSE WITH AUTISM - THROUGH ACCESS SUCCESS.
AT ATLANTIC THEATER COMPANY, WE'RE AN AWARD-WINNING PRODUCER, PREMIERING INTREPID PLAYWRIGHTS LIKE RAJIV JOSEPH, LAUREN YEE, AND DOMINIQUE MORISSEAU AS WELL AS TONY-WINNING MUSICALS SUCH AS "THE BAND'S VISIT"THE SECRET LIFE OF BEES." AS PART OF THIS WORK, EACH SEASON WE PRODUCE FIVE PRODUCTIONS AT THE COMPANY'S TWO THEATER SPACES IN THE CHELSEA NEIGHBORHOOD OF MANHATTAN: THE 199-SEAT LINDA GROSS THEATER ON WEST 20TH STREET AND THE 99-SEAT STAGE 2 THEATER ON WEST 16TH STREET. PRODUCTIONS PROGRAMMED AS PART OF ATLANTIC'S 2021- 22 DIGITAL SEASON INCLUDED DOMINIQUE MORISSEAU'S "SKELETON CREWRAJIV JOSEPH'S "GUARDS AT THE TAJ." WE ALSO CONTINUED OUR NEW PLAY DEVELOPMENT PROGRAMS DIGITALLY AND SERVED OVER 12 PLAYWRIGHTS THROUGH DIGITAL READINGS AND WORKSHOPS.
STUDIO AND THEATER SPACES, WHEN NOT BEING USED FOR ATLANTIC PROGRAMS, ARE AVAILABLE TO RENT. ATLANTIC OFFERS SPACE AT SCALED PRICES TO HELP OUR SCHOOL ALUMNI BUILD THEIR ARTISTIC ENSEMBLES, TO HELP OTHER THEATER EDUCATION ORGANIZATIONS ADDRESS SOCIAL ISSUES THROUGH THE USE OF THEATER, AND TO PROVIDE YOUNG OR UP-AND-COMING NON-PROFIT THEATER COMPANIES THE OPPORTUNITY TO BRING THEIR WORK TO THE NEW YORK CITY AUDIENCE. (PLEASE NOTE THAT THESE ACTIVITIES WERE SUSPENDED BY THE COVID-19 HEALTH CRISIS.) MISCELLANEOUS OTHER INCOME IS RECEIVED FOR VARIOUS PROGRAM-RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffory Lawson Managing Director | Officer | 40 | $233,478 |
Neil Pepe Artistic Director | Officer | 40 | $216,102 |
Mary Mccann Director/school Exec Dir | OfficerTrustee | 40 | $176,800 |
Chris Boneau President | OfficerTrustee | 1 | $0 |
Deborah Magid Secretary | OfficerTrustee | 1 | $0 |
Olaf Olafsson Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One City Block Llc Theatre/school Rent | 8/30/21 | $390,487 |
St Peter's Episcopal Church Theatre Rent | 8/30/21 | $138,901 |
Global Scenic Services Production Scenery | 8/30/21 | $143,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $426,806 |
| Related organizations | $0 |
| Government grants | $1,331,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,521,158 |
| Noncash contributions included in lines 1a–1f | $5,759 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,279,355 |
| Total Program Service Revenue | $4,981,286 |
| Investment income | $15,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,526 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,396,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,006,174 |
| Compensation of current officers, directors, key employees. | $227,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,887,931 |
| Pension plan accruals and contributions | $95 |
| Other employee benefits | $245,664 |
| Payroll taxes | $324,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,431 |
| Fees for services: Accounting | $71,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $316,626 |
| Advertising and promotion | $201,630 |
| Office expenses | $128,389 |
| Information technology | $10,439 |
| Royalties | $500 |
| Occupancy | $1,472,640 |
| Travel | $20,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $431,489 |
| Insurance | $75,108 |
| All other expenses | $128,237 |
| Total functional expenses | $7,757,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,966,263 |
| Savings and temporary cash investments | $5,388,619 |
| Pledges and grants receivable | $932,807 |
| Accounts receivable, net | $65,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $555,177 |
| Net Land, buildings, and equipment | $16,895,846 |
| Investments—publicly traded securities | $644,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,909 |
| Total assets | $26,591,945 |
| Accounts payable and accrued expenses | $825,952 |
| Grants payable | $0 |
| Deferred revenue | $3,367,508 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,941,100 |
| Other liabilities | $13,854,248 |
| Total liabilities | $20,988,808 |
| Net assets without donor restrictions | $5,093,369 |
| Net assets with donor restrictions | $509,768 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,591,945 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Atlantic Theater Company has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Brighton Foundation Trust Cashiers, NC PURPOSE: OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |