Overview
What is Theatre Development Fund Inc?
Theatre Development Fund Inc, a New York-based nonprofit established in 1967, aims to promote the performing arts and make them accessible to everyone. By removing cultural, physical, and financial barriers, TDF expands access to the arts. Their primary service is TKTS, which sells discounted same-day tickets to Broadway and off-Broadway theatre and dance performances. TDF's activities also cultivate communities of theatergoers and support theatre makers, sustaining creators and advancing the industry through various programs and initiatives. With approximately 152 employees, TDF brings theatre into the lives of over 2 million people annually, primarily focusing on New York but also involved in audience development efforts across the US and, on a limited basis, internationally. TKTS, a significant part of their mission, sold around 700,000 discounted tickets yearly pre-pandemic and reopened in September 2022.
Official website here: www.tdf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89%, Three-Star out of Four Star rating.
The Theatre Development Fund Inc has achieved a commendable score of 89%, reflecting strong performance in accountability and finance. This rating, derived from a thorough assessment of financial practices, indicates that the organization manages its resources effectively and maintains transparency in its operations.
One of the notable strengths is the high level of independence among board members, with 96% being independent, which enhances governance. Additionally, the organization has successfully implemented essential policies, including conflict of interest and whistleblower protections, demonstrating commitment to ethical practices. The program expense ratio is also impressive at 76.36%, indicating a significant portion of funds is allocated towards its mission-driven programs.
However, the organization has a liabilities to assets ratio of 53.62%, suggesting that it could improve its financial stability. While this score is still within a reasonable range, it highlights an area where more focus could be beneficial. Overall, Theatre Development Fund Inc exemplifies a responsible and committed nonprofit in the arts sector.
This AI summary has been generated from information found on Charity Navigator.
Is Theatre Development Fund Inc legitimate?
Theatre Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theatre Development Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,923,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,990,552
For more financial information, click here
Official website here: www.tdf.org
What is the mission statement of Theatre Development Fund Inc?
Theatre Development Fund Inc, established in 1967, is a not-for-profit organization dedicated to promoting the performing arts and making them accessible to everyone. TDF's mission encompasses three main areas: expanding access, cultivating communities of theatergoers, and supporting theatre makers. TDF removes cultural, physical, and financial barriers to access the performing arts, bringing them to a broader audience. The organization engages, educates, and encourages people to make the performing arts a vital part of their lives. TDF also supports theatre creators and advances the industry through various convenings, research, and the TDF Costume Collection. Through its programs, TDF reaches over 2,000,000 people annually with theatre experiences. The organization's efforts are primarily focused on the US, but it has also been involved in audience development for the performing arts across the country and on a limited basis, internationally.
Official website here: www.tdf.org
What is the revenue of Theatre Development Fund Inc?
Theatre Development Fund Inc's revenue in 2024 was $17,455,169.
Official website here: www.tdf.org
Who are the executives of Theatre Development Fund Inc and what are their salaries?
The average compensation at Theatre Development Fund Inc during 2024 was $52,410. There are 151 employees and 26 volunteers at Theatre Development Fund Inc.
Here are 41 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $123,890
- Related: $0
- Other: $16,010
- Compensation: $251,570
- Related: $0
- Other: $63,154
- Compensation: $178,818
- Related: $0
- Other: $45,668
- Compensation: $161,723
- Related: $0
- Other: $39,232
- Compensation: $158,614
- Related: $0
- Other: $47,167
- Compensation: $182,679
- Related: $0
- Other: $86,629
- Compensation: $165,505
- Related: $0
- Other: $31,369
- Compensation: $180,846
- Related: $0
- Other: $0
- Compensation: $139,881
- Related: $0
- Other: $52,979
- Compensation: $132,345
- Related: $0
- Other: $0
- Compensation: $142,512
- Related: $0
- Other: $52,234
- Compensation: $143,452
- Related: $0
- Other: $42,351
- Compensation: $155,453
- Related: $0
- Other: $61,390
- Compensation: $169,488
- Related: $0
- Other: $119,228
Official website here: www.tdf.org
Where can I find the form 990 for Theatre Development Fund Inc?
Theatre Development Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tdf.org
Learn more at the official website: www.tdf.org
Mission Statement of Theatre Development Fund Inc
Theatre Development Fund Inc, a not-for-profit organization founded in 1967, is dedicated to promoting the performing arts and making them accessible to everyone. TDF's mission encompasses three main areas: expanding access, cultivating communities of theatergoers, and supporting theatre makers.
In the first area, TDF removes cultural, physical, and financial barriers, bringing the performing arts to a wider audience. The organization's efforts in this regard enable over 2,000,000 people to engage with theatre each year.
TDF's second focus is on cultivating communities of theatergoers. By engaging, educating, and encouraging people, the organization aims to make the performing arts an essential part of their lives. TDF's initiatives in this area not only introduce new audiences to theatre but also foster a deeper appreciation for the art form.
Lastly, TDF supports theatre makers and sustains creators, advancing the industry through various means. This includes convenings, research, and the TDF Costume Collection. By providing resources and opportunities, TDF plays a vital role in nurturing and advancing the performing arts industry.
Theatre Development Fund Inc's work primarily takes place in New York, but it also extends beyond its borders, engaging in audience development efforts for the performing arts across the United States and, on a limited basis, internationally.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Theatre Development Fund Inc (TDF) significantly enhances access to the performing arts, enabling a more diverse audience to experience theatre and dance. Through its TKTS ticket booths, which have been a staple in New York City since 1973, TDF sells approximately 700,000 same-day discounted tickets annually for Broadway and off-Broadway performances. This initiative allows individuals who may not afford full-price tickets to attend live shows, thereby boosting overall attendance and bringing the transformative power of the arts to a broader demographic.
In addition to expanding access, TDF plays a crucial role in cultivating communities of theatergoers. By engaging and educating audiences, TDF encourages individuals to embrace the performing arts as an integral part of their lives. This work fosters an appreciation for theatre and dance, ultimately enriching the cultural landscape.
Moreover, TDF supports the creators and producers within the industry, elevating the standards of the performing arts through research, convenings, and resources like the TDF Costume Collection. With its multifaceted approach, TDF impacts over 2 million people each year, primarily in New York, while also contributing to audience development efforts across the United States and internationally. Through these initiatives, TDF not only nurtures current audiences but also cultivates the next generation of theatre enthusiasts, ensuring the vitality and sustainability of the performing arts.
This information is meant to be a general summary of Theatre Development Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $289,083
- Program Service Revenue: $13,280,899
- Gross Receipts: $20,708,463
Assets and Liabilities:
- Total Assets: $17,206,910
- Total Liabilities: $9,227,480
- Net Assets: $7,979,430
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TKTS SERVICES
Revenue
$4,444,676
MEMBERSHIP
Revenue
$4,002,702
TICKET DISTRIBUTION
Revenue
$2,574,808
COSTUME COLLECTION
Revenue
$799,334
HANDLING CHARGES
Revenue
$960,894
Organization Details
If you are a representative of Theatre Development Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.