Totals
- Total revenue
- $6,124,532
- Total expenses
- $7,962,283
- Contributions and grants received
- $2,027,364
- Grants paid
- $0
- Program service revenue
- $700,847
- Investment income
- $3,340,756
- Other revenue
- $55,565
- Total assets, end of year
- $118,563,924
- Total liabilities, end of year
- $750,313
- Net assets or fund balances, end of year
- $117,813,611
- Program services expenses (Part IX)
- $6,437,555
- Management and general expenses
- $850,071
- Fundraising expenses
- $674,657
- Program service expenses (Part III)
- $6,437,555
Program services were 80.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$235,733
-
1e · Government grants (contributions)
$424,938
-
1f · All other contributions, gifts and grants
$1,366,693
-
2a · Program service revenue: BOX OFFICE INCOME
total $363,351 · related or exempt $363,351
-
2b · Program service revenue: SPONSORSHIP INCOME
total $150,000 · related or exempt $150,000
-
2c · Program service revenue: CAST RECORDING INCOME
total $108,228 · related or exempt $108,228
-
2d · Program service revenue: THEATRE RENTAL INCOME
total $25,431 · related or exempt $25,431
-
2e · Program service revenue: SERVICE CHARGE INCOME
total $24,253 · related or exempt $24,253
-
2f · All other program service revenue
total $29,584 · related or exempt $29,584
-
3 · Investment income
total $186,948 · excluded $186,948
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $18,646 · related or exempt $18,646
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $9,617,227
-
7b · Less cost or other basis and sales expenses
securities $6,463,419
-
7c · Gain or loss
securities $3,153,808
-
7d · Net gain or loss
total $3,153,808 · excluded $3,153,808
-
8a · Fundraising events: gross income
$47,783
-
8a · Fundraising events: contributions included on line 1c
$283,516
-
8b · Fundraising events: direct expenses
$47,783
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ADVERTISING
total $19,767 · unrelated business $19,767
-
11b · Other revenue: OTHER INCOME
total $17,152 · related or exempt $17,152
-
11e · Other revenue, total
$36,919
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $428,392 · program services $224,062 · management and general $114,936 · fundraising $89,394
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,783,403 · program services $2,397,844 · management and general $108,440 · fundraising $277,119
-
8 · Pension plan contributions
total $89,546 · program services $79,221 · management and general $5,466 · fundraising $4,859
-
9 · Other employee benefits
total $274,718 · program services $195,666 · management and general $28,641 · fundraising $50,411
-
10 · Payroll taxes
total $261,415 · program services $214,095 · management and general $17,728 · fundraising $29,592
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $168 · program services $0 · management and general $168 · fundraising $0
-
11c · Fees: accounting
total $42,792 · program services $0 · management and general $42,792 · fundraising $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $189,846 · management and general $189,846
-
11g · Fees: other
total $733,846 · program services $582,834 · management and general $104,544 · fundraising $46,468
-
12 · Advertising and promotion
total $232,580 · program services $216,128 · management and general $170 · fundraising $16,282
-
13 · Office expenses
total $117,614 · program services $95,931 · management and general $8,223 · fundraising $13,460
-
14 · Information technology
total $88,449 · program services $74,402 · management and general $6,792 · fundraising $7,255
-
15 · Royalties
total $54,164 · program services $54,164 · management and general $0 · fundraising $0
-
16 · Occupancy
total $668,896 · program services $657,058 · management and general $5,992 · fundraising $5,846
-
17 · Travel
total $86,680 · program services $54,149 · management and general $8,855 · fundraising $23,676
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,175,729 · program services $926,474 · management and general $170,481 · fundraising $78,774
-
23 · Insurance
total $195,692 · program services $175,842 · management and general $9,060 · fundraising $10,790
-
24a · Other expenses: PRODUCTION COSTS
total $290,744 · program services $290,744 · management and general $0 · fundraising $0
-
24b · Other expenses: MAINTENANCE
total $160,936 · program services $126,995 · management and general $18,645 · fundraising $15,296
-
24c · Other expenses: THEATRE EXPENSE
total $33,885 · program services $32,126 · management and general $0 · fundraising $1,759
-
24d · Other expenses: DUES AND MEMBERSHIPS
total $51,052 · program services $39,820 · management and general $7,556 · fundraising $3,676
-
24e · All other expenses
total $1,736 · management and general $1,736
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,778 · end of year $1,792
-
2 · Savings and temporary cash investments
beginning of year $7,618,411 · end of year $2,074,906
-
3 · Pledges and grants receivable
beginning of year $367,805 · end of year $670,300
-
4 · Accounts receivable
beginning of year $511,587 · end of year $23,337
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $76,558 · end of year $164,412
-
10a · Land, buildings and equipment: cost or other basis
$43,398,469
-
10b · Land, buildings and equipment: accumulated depreciation
$12,391,171
-
10c · Land, buildings and equipment, net
beginning of year $31,960,302 · end of year $31,007,298
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $77,727,024 · end of year $84,529,927
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $127,002 · end of year $91,952
-
17 · Accounts payable and accrued expenses
beginning of year $287,219 · end of year $468,878
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $278,865 · end of year $281,435
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $35,484,515 · end of year $34,464,524
-
28 · Net assets with donor restrictions
beginning of year $82,339,868 · end of year $83,349,087
Mission and programs · 2022
Mission
OUR MISSION IS TO CREATE GREAT AMERICAN THEATER BY DEVELOPING AND PRODUCING NEW WORKS AND WORLD MASTERPIECES. WE CULTIVATE AN AUDIENCE THAT CHERISHES THE INTIMATE JOY OF THEATER, ENRICHED WHEN SHARED BY A COMMUNITY OF OTHERS.
Activities or mission (Part I)
TO CREATE GREAT AMERICAN THEATER BY DEVELOPING AND PRODUCING NEW WORKS AND WORLD MASTERPIECES. PLEASE SEE SCHEDULE O FOR CONTINUATION OF FULL MISSION STATEMENT.
-
The 2022/23 was a milestone year for the organization, as we produced our first full, in-person season after the pandemic. We highlighted diverse and dynamic stories such as "WINE IN THE WILDERNESS" by Alice Childress, the World Premiere of "LIVING AND BREATHING" by Mando Alvarado, a modern adaptation of "ROMEO & JULIET" by Hansol Jung in partnership with the National Asian American Theatre Company and "TWO SISTERS AND A PIANO" by Pulitzer Prize-winner Nilo Cruz. We also produced a Radio play by Nilo Cruz titled "KISSES THROUGH THE GLASS."
Expenses $5,732,328 · Revenue $747,662
-
Two River's arts education initiatives introduce people of all ages to theater and cultivate a new generation of theatergoers. Programs include: A Little Shakes: an abridged Shakespeare play, performed by high schoolers; Metro Scholars: a year-long learning program for high schoolers; a multi-week camp where students create a performance in one week; Student Matinees & Have a SEAT: free tickets and transport to a show; The ART of Social Justice: free workshops that support conversations about race through art and; Emerging Professionals: a workforce development program for early career theater professionals. This year's Little Shakes show was "ROMEO & JULIET."
Expenses $347,647 · Revenue $8,750
-
Two River is recognized in the national theater community for our new-play commissioning program, which launched in 2010 and has to date offered 21 commissions to gifted playwrights, composers, and lyricists. Current commissioned artists include Matt Barbot, Rinde Eckert, Jessica Hagedorn, Lisa Kron, Ben Steinfeld, Ngozi Anyanwu, Eliana Pipes, Jaclyn Backhaus, James Ijames, and the teams of Joe Iconis/Joe Tracz and Daniel Mat/Marshall Pailet.Current play development programs include readings, workshops, and artist retreats throughout the year, and Crossing Borders (Cruzando Fronteras), a weekend festival of new plays by Latine writers.
Expenses $357,580
As filed on the 2022 return.
Listed in Part VII
-
Michael Hurst
Managing Director, THRU 12/22
- Total calculated
- $269,000
- From this org
- $243,635
- From related orgs
- $0
- Other
- $25,365
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $243,635
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $25,365
- Filer's total
- $269,000
-
John Dias
Artistic Director, thru 6/22
- Total calculated
- $246,556
- From this org
- $223,062
- From related orgs
- $0
- Other
- $23,494
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,062
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,494
- Filer's total
- $246,556
-
Ann D Bagchi
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Michael Bland
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marilyn Broege
Vice President
- Total calculated
- $0
- Hours/week
- 4
-
Amanda Butterbaugh
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth Columbo
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Crystal Dickinson
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Samuel G Huber
Vice President
- Total calculated
- $0
- Hours/week
- 4
-
Brian Leddin
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Edward McKenna Jr
President
- Total calculated
- $0
- Hours/week
- 4
-
Tony Meneses
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Lauren Nicosia
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Adam Rechnitz
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Joan H Rechnitz
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Geoffrey Sadwith
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Anne Marie Schultz
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Maureen Silliman
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Mary Carol Stunkel
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Susan Whyman
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Richard Worley
Board Member
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430529349300618
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