The National Theatre Foundation
- Assets
- $6.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 10/1975
- Data as of
- 08/2022
- EIN
- 52-1014217
Organization Overview
The National Theatre Foundation is located in Washington, DC. The organization was established in 1975. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, National Theatre Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Theatre Foundation 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 08/2022, National Theatre Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $1.5m during the year ending 08/2022. While expenses have increased by 13.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROMOTE THE NATIONAL THEATRE IN WASHINGTON, D.C.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NTF WORKS WITH THE NEDERLANDER ORGANIZATION TO PROGRAM THE MAIN STAGE SEASON, WHICH RETURNED IN NOVEMBER 2021 FOLLOWING COVID-19. IN FISCAL YEAR 2022, THERE WERE 6 TOURING BROADWAY PRODUCTIONS AT THE NATIONAL. IN ADDITION TO MAIN STAGE PROGRAMMING, NTF PRESENTS THREE FREE COMMUNITY ENGAGEMENT PROGRAMS THAT INCLUDE "SATURDAY MORNING LIVE! AT THE NATIONAL", "COMMUNITY STAGE CONNECTIONS", AND "TEENS BEHIND THE SCENES". IN FISCAL YEAR 2022, "SATURDAY MORNING LIVE!" PRESENTED 15 VIRTUAL EPISODES IN COLLABORATION WITH FIVE PARTNERS TO ENGAGE AND INSPIRE CHILDREN AGED 4 - 10 YEARS OLD AS CHILDREN AND THEIR FAMILIES NAVIGATED THE PANDEMIC. THESE PROGRAMS ARE FREE FOR THE AUDIENCES AND ARE HOSTED ON FACEBOOK AND ARE ARCHIVED ON NTF'S WEBSITE AND YOUTUBE PAGE.THE "COMMUNITY STAGE CONNECTIONS" PROGRAM PAYS A ROSTER OF LOCAL ARTISTS TO PERFORM AT LOCAL COMMUNITY ORGANIZATIONS FOR THOSE INDIVIDUALS WHO FACE BARRIERS TO PERFORMANCE ARTS EXPERIENCES. VENUES INCLUDE SENIOR CITIZEN CENTERS, THE DC PUBLIC LIBRARIES, AND CHILDREN'S NATIONAL HOSPITAL. THESE PERFORMANCES ARE FREE FOR THE AUDIENCES. IN FISCAL YEAR 2022, NTF CONTINUED VIRTUAL AND IN-PERSON EVENTS. IN FISCAL YEAR 2022, NTF HOSTED 30 PERFORMANCES AND ONE WORKSHOP THAT PARTNERED WITH THE SOCIAL JUSTICE SCHOOL IN DC. "TEENS BEHIND THE SCENES" WELCOMED STUDENTS BACK TO ATTEND PERFORMANCES IN THE BROADWAY AT THE NATIONAL SEASON. STUDENTS PARTICIPATED FOR FREE AND RECEIVED A STUDY GUIDE CREATED BY NTF'S DRAMATURG. IN FISCAL YEAR 2022, NTF WELCOME STUDENTS TO 5 EVENTS. INTERVIEWS WITH GUESTS FROM THE PRODUCTIONS WERE CONDUCTED VIRTUALLY AND SHARED WITH THE STUDENTS AFTER THE EVENT. NTF MOVED FORWARD WITH THE NATIONAL THEATRE ARCHIVE INITIATIVE IN FISCAL YEAR 2022 BY HIRING AN ARCHIVIST TO PROCESS THE COLLECTION OF MATERIALS AND GUIDE THE CREATION OF A COLLECTION FINDING AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Kitto Executive Director | Officer | 40 | $197,000 |
Dave Steadman Chief Development Officer | 40 | $137,430 | |
Charles C Wilkes Chairman | OfficerTrustee | 10 | $0 |
Genevieve Mcsweeney Ryan Vice Chair | OfficerTrustee | 6 | $0 |
Donald Borut Treasurer | OfficerTrustee | 10 | $0 |
Carol Laxalt Secretary | OfficerTrustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smithgroup Inc Master Planning Services | 8/30/22 | $185,745 |
Ancora Construction Group Inc Replacement Of Lobby Doors | 8/30/22 | $109,542 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,800 |
| Related organizations | $0 |
| Government grants | $346,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $490,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $867,240 |
| Total Program Service Revenue | $315,283 |
| Investment income | $388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,353,760 |
| 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. | $198,428 |
| Compensation of current officers, directors, key employees. | $59,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,032 |
| Pension plan accruals and contributions | $6,808 |
| Other employee benefits | $29,433 |
| Payroll taxes | $40,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,190 |
| Advertising and promotion | $9,142 |
| Office expenses | $19,916 |
| Information technology | $16,572 |
| Royalties | $0 |
| Occupancy | $242,816 |
| Travel | $3,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $306 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $424,572 |
| Insurance | $23,870 |
| All other expenses | $3,842 |
| Total functional expenses | $1,539,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,032 |
| Savings and temporary cash investments | $943,816 |
| Pledges and grants receivable | $236,124 |
| Accounts receivable, net | $31,948 |
| 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 | $10,838 |
| Net Land, buildings, and equipment | $4,941,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,261,563 |
| Accounts payable and accrued expenses | $70,554 |
| 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 | $70,554 |
| Net assets without donor restrictions | $5,915,396 |
| Net assets with donor restrictions | $275,613 |
| 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 | $6,261,563 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The National Theatre Foundation has recieved totaling $51,005.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $50,000 |
Rfi Family Foundation Inc Bethesda, MD PURPOSE: DONATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |
Washington Performing Arts Society Washington, DC | $12,549,147 | $4,886,462 |
Lyric Foundation Inc Baltimore, MD | $19,508,427 | $4,826,860 |
Hippodrome Foundation Inc Baltimore, MD | $13,272,762 | $8,345,176 |
Maryland Hall For The Creative Arts Inc Annapolis, MD | $14,959,941 | $1,722,678 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Atlas Performing Arts Center Washington, DC | $17,353,205 | $2,355,130 |
Maryland Theatre Association Inc Hagerstown, MD | $20,853,735 | $2,408,622 |
The National Theatre Foundation Washington, DC | $6,261,563 | $1,353,760 |
Academy Center Of The Arts Inc Lynchburg, VA | $41,266,969 | $2,992,535 |
Richmond Performing Arts Alliance Richmond, VA | $133,538,095 | $2,679,969 |
Avalon Theatre Project Inc Washington, DC | $5,281,918 | $2,173,735 |