Overview
What is Manhattan Theatre Club Inc?
Manhattan Theatre Club Inc, founded in 1972, is a renowned nonprofit organization based in New York City, specifically at 311 WEST 43rd STREET. Their mission revolves around developing and presenting new and innovative works in a nurturing environment, collaborating with both new and accomplished American and international artists, and producing a diverse repertoire of plays and musicals. Since 1989, their educational wing, MTC Education, has used the power of live theatre and playwriting to inspire and make a difference in people's lives. In the year 2022, they proudly reopened their theatres after a lengthy COVID-19 shutdown and produced an impressive slate of productions, commissioning 13 new plays and reaching over 2900 learners through their various educational programs. With a team of 496 dedicated employees, Manhattan Theatre Club is committed to promoting equity, diversity, and inclusion in all aspects of their work.
Official website here: www.mtc-nyc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Manhattan Theatre Club Inc has received a commendable 94% rating from Charity Navigator, reflecting strong performance in accountability and finance. This high score indicates the organization is well-managed, with robust oversight measures in place. The independent board composition is notably strong, with 91% of members being independent, ensuring diverse perspectives and sound governance.
The financial health of the organization is also noteworthy, highlighted by a 79.51% program expense ratio and excellent fundraising efficiency. This suggests that a significant portion of its resources is dedicated to its mission, with minimal costs associated with fundraising efforts. The organization has demonstrated effective management of its assets, as evidenced by the absence of material asset diversion and well-defined policies regarding conflicts of interest and whistleblowing.
However, while the organization scores well in various metrics, it faces some challenges, particularly in its liabilities to assets ratio, which stands at 47.23%. This indicates a moderate level of debt compared to its assets, which could be an area for future improvement. Overall, Manhattan Theatre Club Inc shows a strong commitment to transparency and effective financial management, making it a reliable nonprofit in the performing arts sector.
This AI summary has been generated from information found on Charity Navigator.
Is Manhattan Theatre Club Inc legitimate?
Manhattan Theatre Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manhattan Theatre Club 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: $2,024,380
Professional Fundraising Fees: $771,061
Other Salaries and Wages: $7,738,761
For more financial information, click here
Official website here: www.mtc-nyc.org
What is the mission statement of Manhattan Theatre Club Inc?
Manhattan Theatre Club, Inc. is a prominent producer of new works and significant revivals in the world of theatre. The organization's mission encompasses creating and nurturing artists, presenting a varied repertoire of innovative plays and musicals, and positively impacting lives through groundbreaking education programs. Manhattan Theatre Club is committed to equity, diversity, and inclusion, both on and off the stage. Since its inception in 1972, the company has produced numerous new works and collaborated with a multitude of exciting artists. Its education division, established in 1989, uses live theatre and playwriting to enrich and transform lives, reaching thousands of learners each year. In the 2022 season, Manhattan Theatre Club reopened after a COVID-19 shutdown, producing a range of plays on Broadway and Off-Broadway and commissioning new works.
Official website here: www.mtc-nyc.org
Who is the CEO of Manhattan Theatre Club Inc?
Barry Grove is the Artistic Director of Manhattan Theatre Club Inc.
Official website here: www.mtc-nyc.org
What is the revenue of Manhattan Theatre Club Inc?
Manhattan Theatre Club Inc's revenue in 2022 was $28,652,146.
Official website here: www.mtc-nyc.org
Who are the executives of Manhattan Theatre Club Inc and what are their salaries?
The average compensation at Manhattan Theatre Club Inc during 2022 was $19,684. There are 496 employees and 150 volunteers at Manhattan Theatre Club Inc.
Here are 46 key members and their salaries:
- Compensation: $932,203
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- Other: $121,291
- Compensation: $564,011
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- Compensation: $127,946
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- Other: $37,655
- Compensation: $135,892
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- Other: $28,016
- Compensation: $125,661
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- Other: $36,882
- Compensation: $109,953
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- Other: $43,988
- Compensation: $126,651
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- Other: $22,655
- Compensation: $130,559
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Official website here: www.mtc-nyc.org
Where can I find the form 990 for Manhattan Theatre Club Inc?
Manhattan Theatre Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mtc-nyc.org
Learn more at the official website: www.mtc-nyc.org
Mission Statement of Manhattan Theatre Club Inc
Manhattan Theatre Club, Inc. (MTC) is a prominent producer of innovative new works and significant revivals in the world of theatre. Based on its mission since 1972, the organization has dedicated itself to nurturing artists throughout their careers, creating a dynamic environment for the development of groundbreaking plays and musicals. MTC's commitment to diverse and thought-provoking productions extends not only to the stage but also to its educational initiatives.
Embracing the power of live theatre, MTC's work positively impacts numerous lives through its innovative education programs. Since 1989, MTC Education has used the art of theatre and playwriting to ignite imaginations, open hearts, and change lives. The organization is deeply committed to equity, diversity, and inclusion, both on and off the stage. In the previous fiscal year, MTC proudly reopened its theatres after an 18-month COVID-induced hiatus and produced a diverse slate of plays, including the Broadway premiere of Ruben Santiago-Hudson's "Lackawanna Blues" and the American premiere of Anchuli Felicia King's "Golden Shield." During this period, MTC commissioned 13 new plays, held 22 developmental readings and workshops, and reached 2916 learners, many of whom were experiencing live theatre for the first time.
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Impact
October, 2024
Manhattan Theatre Club Inc plays a vital role in the cultural landscape by producing and developing both new works and significant revivals of dramatic literature. Since its inception in 1972, MTC has been dedicated to fostering a dynamic environment that supports artists, helping to identify and collaborate with innovative voices in the theater community. This commitment is reflected in their diverse repertoire, which features both American and international playwrights, and aims to engage audiences with thought-provoking and entertaining productions.
In the aftermath of the COVID-19 pandemic, MTC successfully reopened its theaters, bringing back live theater to an eager audience. During the year ending June 30, 2022, they welcomed 145,023 attendees to their productions, including notable premieres such as "Lackawanna Blues" and "Skeleton Crew." Their commitment to the development of new works is highlighted by the commissioning of 13 new plays and the organization of 22 developmental readings and workshops, demonstrating a robust investment in nurturing artistic talent.
Additionally, MTC Education enhances the impact of the theater by utilizing the transformative power of live performance and playwriting to engage and inspire learners. In the same year, the education programs reached nearly 3,000 individuals, many of whom experienced live theater for the first time. This reflects MTC's broader mission to promote equity, diversity, and inclusion in all facets of its operations, enriching the lives of community members through innovative educational initiatives and meaningful artistic experiences. Through its sustained efforts, Manhattan Theatre Club continues to make a significant impact on the theater community and society at large.
This information is meant to be a general summary of Manhattan Theatre Club 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 2022.
- Investment Income: $102,297
- Program Service Revenue: $9,083,949
- Gross Receipts: $30,277,223
Assets and Liabilities:
- Total Assets: $86,929,772
- Total Liabilities: $38,620,215
- Net Assets: $48,309,557
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE & SUBSCRIPTION INCOME
Revenue
$8,434,461
SUBSIDIARY RIGHTS
Revenue
$206,001
RENTAL INCOME
Revenue
$185,757
EDUCATION INCOME
Revenue
$138,948
FACILITY FEE INCOME
Revenue
$118,782
Organization Details
Founding Year
1970
Phone
(212) 399-3000Principal Officer
Barry Grove
Main Address
311 WEST 43RD STREET, NEW YORK, NY, 10036
Website
www.mtc-nyc.orgNTEE Category
Code: A650 - Arts
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