Musical Theatre Factory
- Assets
- $132.4k
- Revenue
- $235.3k
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 01/2015
- Data as of
- 06/2023
- EIN
- 47-1254076
Organization Overview
Musical Theatre Factory is located in New York, NY. The organization was established in 2015. 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 06/2023, Musical Theatre Factory employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musical Theatre Factory 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 06/2023, Musical Theatre Factory generated $235.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $492.3k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO HELP MUSICAL THEATRE ARTISTS DEVELOP AND PRESENT NEW WORK IN A COLLABORATIVE ATMOSPHERE FROM PRESSURES OF CRITICAL AND COMMERCIAL SUCCESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC DEVELOPMENT ORGANIZATION - HELPING MUSICAL THEATRE ARTISTS DEVELOPMENT AND PRESENT NEW CREATIVE WORK IN A COLLABORATIVE ATMOSPHERE FREE FROM THE PRESSURES OF CRITICAL OR COMMERCIAL SUCCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Salley President | OfficerTrustee | 30 | $50,000 |
Shakina Nayfack Board Chairperson | OfficerTrustee | 1 | $0 |
Aridy Nox Secretary | OfficerTrustee | 1 | $0 |
Ophelia Chua Treasurer | OfficerTrustee | 1 | $0 |
Melissa Haizlip Resigned 12312023 Board Member | Trustee | 1 | $0 |
Jeffrey Trachtman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,494 |
| Total Program Service Revenue | $1,476 |
| Investment income | $22 |
| 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 | $235,313 |
| 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. | $60,432 |
| Compensation of current officers, directors, key employees. | $24,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,307 |
| Payroll taxes | $21,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,621 |
| Advertising and promotion | $15,201 |
| Office expenses | $11,159 |
| Information technology | $4,681 |
| Royalties | $0 |
| Occupancy | $10,939 |
| Travel | $3,970 |
| 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 | $1,244 |
| Insurance | $6,344 |
| All other expenses | $213 |
| Total functional expenses | $492,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,406 |
| Pledges and grants receivable | $32,370 |
| 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 | $2,624 |
| Net Land, buildings, and equipment | $1,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,447 |
| Accounts payable and accrued expenses | $7,830 |
| 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 | $69,759 |
| Total liabilities | $77,589 |
| Net assets without donor restrictions | $54,858 |
| Net assets with donor restrictions | $0 |
| 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 | $132,447 |