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Nonprofiteer
← JOYCE THEATER FOUNDATION INC

Form 990 for tax year 2024

Filed by JOYCE THEATER FOUNDATION INC.

Totals

Total revenue
$17,071,573
Total expenses
$14,836,222
Contributions and grants received
$8,949,197
Grants paid
$101,495
Program service revenue
$6,383,136
Investment income
$1,510,358
Other revenue
$228,882
Total assets, end of year
$79,172,686
Total liabilities, end of year
$17,399,837
Net assets or fund balances, end of year
$61,772,849
Program services expenses (Part IX)
$11,265,138
Management and general expenses
$1,969,728
Fundraising expenses
$1,601,356
Program service expenses (Part III)
$11,265,138

Program services were 75.9% 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

    $771,118

  • 1e · Government grants (contributions)

    $214,233

  • 1f · All other contributions, gifts and grants

    $7,963,846

  • 1g · Noncash contributions included above

    $148,894

  • 2a · Program service revenue: BOX OFFICE REVENUE

    total $3,542,267 · related or exempt $3,542,267

  • 2b · Program service revenue: THEATER & STUDIO RENTAL FEES

    total $1,194,900 · related or exempt $1,194,900

  • 2c · Program service revenue: TOURING AND PRODUCTION INCOME

    total $587,100 · related or exempt $587,100

  • 2d · Program service revenue: TICKETING SERVICE CHARGES

    total $551,543 · related or exempt $551,543

  • 2e · Program service revenue: TRAVEL PROGRAM INCOME

    total $465,350 · related or exempt $465,350

  • 2f · All other program service revenue

    total $41,976 · related or exempt $41,976

  • 3 · Investment income

    total $659,539 · excluded $659,539

  • 6a · Gross rents

    real property $12,189

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,189

  • 6d · Net rental income or loss

    total $12,189 · excluded $12,189

  • 7a · Gross sales of assets other than inventory

    securities $3,967,203

  • 7b · Less cost or other basis and sales expenses

    securities $3,116,384

  • 7c · Gain or loss

    securities $850,819

  • 7d · Net gain or loss

    total $850,819 · excluded $850,819

  • 8a · Fundraising events: gross income

    $180,176

  • 8a · Fundraising events: contributions included on line 1c

    $771,118

  • 8b · Fundraising events: direct expenses

    $180,176

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $216,693 · excluded $216,693

  • 11e · Other revenue, total

    $216,693

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $101,495 · program services $101,495

  • 5 · Compensation of officers, directors and key employees

    total $1,308,193 · program services $745,994 · management and general $378,404 · fundraising $183,795

  • 7 · Other salaries and wages

    total $5,084,395 · program services $3,518,747 · management and general $798,543 · fundraising $767,105

  • 8 · Pension plan contributions

    total $426,361 · program services $297,020 · management and general $61,971 · fundraising $67,370

  • 9 · Other employee benefits

    total $501,931 · program services $339,108 · management and general $86,491 · fundraising $76,332

  • 10 · Payroll taxes

    total $543,159 · program services $363,611 · management and general $98,336 · fundraising $81,212

  • 11c · Fees: accounting

    total $69,500 · management and general $69,500

  • 11d · Fees: lobbying

    total $72,000 · management and general $72,000

  • 11f · Fees: investment management

    total $142,710 · management and general $142,710

  • 11g · Fees: other

    total $20,007 · program services $15,732 · management and general $4,275

  • 12 · Advertising and promotion

    total $834,920 · program services $834,920

  • 13 · Office expenses

    total $321,494 · program services $157,026 · management and general $129,390 · fundraising $35,078

  • 16 · Occupancy

    total $833,268 · program services $734,343 · management and general $98,925

  • 17 · Travel

    total $437,819 · program services $437,819

  • 20 · Interest

    total $606,466 · program services $597,019 · management and general $9,447

  • 22 · Depreciation, depletion and amortization

    total $233,002 · program services $213,266 · management and general $19,736

  • 24a · Other expenses: ARTISTS' FEES

    total $2,274,603 · program services $2,274,603

  • 24b · Other expenses: DONOR CULTIVATION

    total $390,619 · program services $155 · fundraising $390,464

  • 24c · Other expenses: BOX OFFICE EXPENSES

    total $352,693 · program services $352,693

  • 24d · Other expenses: PRODUCTION EXPENSES

    total $281,587 · program services $281,587

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,003,163 · end of year $1,364,789

  • 2 · Savings and temporary cash investments

    beginning of year $93,622 · end of year $357,964

  • 3 · Pledges and grants receivable

    beginning of year $3,860,140 · end of year $4,285,397

  • 4 · Accounts receivable

    beginning of year $157,149 · end of year $153,108

  • 9 · Prepaid expenses and deferred charges

    beginning of year $388,344 · end of year $588,077

  • 10a · Land, buildings and equipment: cost or other basis

    $47,687,262

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,031,657

  • 10c · Land, buildings and equipment, net

    beginning of year $43,538,209 · end of year $44,655,605

  • 11 · Investments: publicly traded securities

    beginning of year $20,637,384 · end of year $20,801,642

  • 12 · Investments: other securities

    beginning of year $2,697,749 · end of year $2,942,448

  • 15 · Other assets

    beginning of year $4,023,656 · end of year $4,023,656

  • 17 · Accounts payable and accrued expenses

    beginning of year $793,018 · end of year $543,948

  • 19 · Deferred revenue

    beginning of year $822,834 · end of year $1,039,518

  • 23 · Secured mortgages and notes payable

    beginning of year $15,961,847 · end of year $15,815,954

  • 25 · Other liabilities

    beginning of year $417 · end of year $417

  • 27 · Net assets without donor restrictions

    beginning of year $36,543,225 · end of year $34,842,288

  • 28 · Net assets with donor restrictions

    beginning of year $22,278,075 · end of year $26,930,561

Mission and programs · 2024

Mission

TO SERVE AND SUPPORT THE ART OF DANCE AND CHOREOGRAPHY, PROMOTE THE RICHNESS AND VARIETY OF THE ART FORM IN ITS FULLEST EXPRESSION, AND ENHANCE THE PUBLIC INTEREST IN, AND APPRECIATION OF, DANCE AND THE ALLIED ARTS OF MUSIC, DESIGN, AND THEATER.

Activities or mission (Part I)

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE, CULTIVATE, SPONSOR, DEVELOP, AID AND ADVANCE THE PUBLIC INTEREST IN, AND APPRECIATION OF, THE ART OF DANCE AND CHOREOGRAPHY, THE RELATED ARTS OF MUSIC, PAINTING, DESIGN AND THEATER.

  • DANCE PRESENTING:THE JOYCE PRESENTS A DIVERSE ROSTER OF ARTISTS FROM AROUND THE WORLD AND IS RESPONSIBLE FOR FINANCING AND MANAGING ALL SERVICES INCLUDING ARTISTIC FEES, ADVERTISING/PROMOTION AND TECHNICAL COSTS. IN FY25, THE JOYCE PRESENTED 21 DANCE COMPANIES OVER 27 WEEKS AT THE JOYCE THEATER.

    Expenses $5,830,105 · Revenue $3,960,838

  • ENGAGEMENT ASSISTANCE:NON-PROFIT DANCE COMPANIES AND OTHERS RENT THE JOYCE THEATER AT A HIGHLY SUBSIDIZED WEEKLY RENTAL FEE. IN FY25, THE JOYCE RENTED THE THEATER TO 14 DANCE COMPANIES AND TWO OTHER COMPANIES.

    Expenses $1,792,328 · Revenue $958,112

  • PRODUCING, TOURING, AND ARTIST SERVICES:CHOREOGRAPHERS, DANCERS AND MUSICIANS ARE IDENTIFIED AND INVITED TO COLLABORATE ON DANCE CREATION PROJECTS. THESE PROJECTS MAY TAKE FROM THREE MONTHS TO THREE YEARS CULMINATING WITH A PREMIERE OF THE WORK AT THE JOYCE THEATER WITH FURTHER EXPECTATIONS OF TOURING UNDER THE JOYCE THEATER PRODUCTIONS PROGRAM. FOUR CREATION PROJECTS WERE COMPLETED IN FY25. FIVE PROJECTS WERE TOURED.

    Expenses $1,320,421 · Grants $47,500 · Revenue $587,100

  • EDUCATION AND TRAVEL STUDIO OPERATIONSARTIST RESIDENCIES

    Expenses $2,322,284 · Grants $53,995 · Revenue $877,086

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles M Adelman

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Monica F Azare

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Madelyn Wils

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie R Breslow

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jane E Goldberg

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • R Richard Ablon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rob Ashford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John M Basnage De Beauval

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ajay Bhandaram

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Alan Cumming

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Keane Ehsani

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John Falk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Feller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Melina Fisher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ronald Gumbaz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Toni Hoover

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert Musiker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Meryl Rosofsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Saul Sanders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lauren E Shortt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Amit Wadhwaney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Cathy Weinroth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • J Kerry Clayton

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • Virginia A Millhiser

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • Linda Shelton

    EXECUTIVE DIRECTOR

    Total calculated
    $913,576
    From this org
    $839,465
    From related orgs
    $0
    Other
    $74,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $461,703
    Bonus
    $377,000
    Other
    $762
    Deferred
    $58,692
    Nontaxable benefits
    $15,419
    Filer's total
    $913,576
  • Margaret Hollenbeck

    DIRECTOR OF FINANCE

    Total calculated
    $384,652
    From this org
    $326,083
    From related orgs
    $0
    Other
    $58,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,937
    Bonus
    $70,750
    Other
    $396
    Deferred
    $43,591
    Nontaxable benefits
    $14,978
    Filer's total
    $384,652
  • Kirsten Munro

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $193,637
    From this org
    $166,282
    From related orgs
    $0
    Other
    $27,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,024
    Bonus
    $0
    Other
    $258
    Deferred
    $3,425
    Nontaxable benefits
    $23,930
    Filer's total
    $193,637
  • Danielle Gee

    DIRECTOR OF PROGRAMMING

    Total calculated
    $182,797
    From this org
    $154,413
    From related orgs
    $0
    Other
    $28,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,155
    Bonus
    $0
    Other
    $258
    Deferred
    $12,593
    Nontaxable benefits
    $15,791
    Filer's total
    $182,797
  • Louis Albruzzese

    DIRECTOR OF FACILITIES

    Total calculated
    $161,311
    From this org
    $135,866
    From related orgs
    $0
    Other
    $25,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,776
    Bonus
    $0
    Other
    $90
    Deferred
    $11,014
    Nontaxable benefits
    $14,431
    Filer's total
    $161,311
  • Andrew Sheagren

    DIRECTOR OF MARKETING

    Total calculated
    $162,212
    From this org
    $135,793
    From related orgs
    $0
    Other
    $26,419
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,733
    Bonus
    $0
    Other
    $60
    Deferred
    $11,083
    Nontaxable benefits
    $15,336
    Filer's total
    $162,212
  • Patricia Yost

    DIRECTOR OF IT

    Total calculated
    $168,711
    From this org
    $153,904
    From related orgs
    $0
    Other
    $14,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,904
    Bonus
    $0
    Other
    $50,000
    Deferred
    $12,307
    Nontaxable benefits
    $2,500
    Filer's total
    $168,711

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINES 4A-B
THE FOUNDATION ADOPTED A 457(F) PLAN FOR LINDA SHELTON AND MARGARET HOLLENBECK. DURING THE YEAR ENDED DECEMBER 31, 2025, LINDA SHELTON AND MARGARET HOLLENBECK RECEIVED PAYMENTS OF $377,000 AND $70,750, RESPECTIVELY. PATRICIA YOST RECEIVED SEVERANCE PAYMENT OF $50,000.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • JOYCE 306 W 19 LLC

    OWN AND OPERATE REAL PROPERTY · DE · income $0 · assets $9,420,190

    Directly controlled by JOYCE THEATER FDN INC

  • JOYCE 287 E 10 LLC

    OWN AND OPERATE REAL PROPERTY · DE · income $0 · assets $16,354,221

    Directly controlled by JOYCE THEATER FDN INC

Provenance

Return type
form_990
Tax year
2024
Filed
2 July 2026
IRS schema version
2024v5.5
Source object
202631839349301908

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