Lark Theatre Company Inc
- Assets
- $1.2m
- Revenue
- $889.4k
- Investments
- $0.0
- Employees
- 14
- Location
- New York, NY
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 13-3779197
Organization Overview
Lark Theatre Company Inc is located in New York, NY. The organization was established in 1995. 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 06/2022, Lark Theatre Company Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lark Theatre Company Inc 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 06/2022, Lark Theatre Company Inc generated $889.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LARK IS A LABORATORY FOR NEW VOICES AND NEW IDEAS AND PROVIDES AMERICAN AND INTERNATIONAL PLAYWRIGHTS WITH RESOURCES TO DEVELOP THEIR WORK, NURTURING ARTISTS AT ALL STAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JANUARY OF 2022, THE LARK DECIDED TO CEASE OPERATIONS. PRIOR TO MAKING THE DECISION, THE LARK HOSTED FELLOWSHIPS AND WRITERS' WORKSHOPS FOR PLAYWRIGHTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
May Adrales - Thru 12312021 Artistic Director | OfficerTrustee | 40 | $74,341 |
Stacy Waring Executive Director | Officer | 40 | $53,243 |
Marcela Davison Aviles Trustee | Trustee | 1 | $33,000 |
Colin Greer President/trustee | OfficerTrustee | 1 | $0 |
Lesley Malin Vice President | OfficerTrustee | 1 | $0 |
Liza Powel O'brien Secretary/trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $728,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $883,803 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $203,631 |
| Grants and other assistance to domestic individuals. | $96,010 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,402 |
| Compensation of current officers, directors, key employees. | $17,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,546 |
| Payroll taxes | $24,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,387 |
| Advertising and promotion | $1,133 |
| Office expenses | $43,304 |
| Information technology | $6,945 |
| Royalties | $0 |
| Occupancy | $539,794 |
| Travel | $3,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,466 |
| All other expenses | $0 |
| Total functional expenses | $1,371,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $712,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $1,217,868 |
| Accounts payable and accrued expenses | $330,791 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $330,791 |
| Net assets without donor restrictions | $718,705 |
| Net assets with donor restrictions | $168,372 |
| 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 | $1,217,868 |
Grants Awarded
Over the last fiscal year, Lark Theatre Company Inc has awarded $198,631 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: program support | $75,000 |
Queens, NY PURPOSE: Program support | $57,139 |
New York, NY PURPOSE: Program support | $32,142 |
New York, NY PURPOSE: Program support | $24,350 |
ROUNDHOUSE THEATRE | | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lark Theatre Company Inc has recieved totaling $137,500.
| Awarding Organization | Amount |
|---|---|
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $75,000 |
Jerome Foundation Inc Saint Paul, MN PURPOSE: SUPPORT FOR THEATER ORGANIZATION WORKING WITH EARLY CAREER THEATER ARTISTS | $32,500 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $30,000 |
Endowment Analysis
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 |