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← THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC

Form 990 for tax year 2023

Filed by THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC.

Totals

Total revenue
$65,780
Total expenses
$47,773
Contributions and grants received
$2,446
Grants paid
$16,500
Program service revenue
$0
Investment income
$63,263
Other revenue
$71
Total assets, end of year
$649,288
Total liabilities, end of year
$628
Net assets or fund balances, end of year
$648,660
Program services expenses (Part IX)
$25,500
Management and general expenses
$17,806
Fundraising expenses
$4,467
Program service expenses (Part III)
$25,500

Program services were 53.4% 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.

  • 1f · All other contributions, gifts and grants

    $2,446

  • 3 · Investment income

    total $21,442 · excluded $21,442

  • 7a · Gross sales of assets other than inventory

    securities $304,653

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

    securities $262,832

  • 7c · Gain or loss

    securities $41,821

  • 7d · Net gain or loss

    total $41,821 · excluded $41,821

  • 11a · Other revenue: MISCELLANEOUS

    total $71 · related or exempt $0 · excluded $71

  • 11e · Other revenue, total

    $71

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,500 · program services $16,500

  • 5 · Compensation of officers, directors and key employees

    total $12,000 · program services $9,000 · management and general $600 · fundraising $2,400

  • 11c · Fees: accounting

    total $1,185 · management and general $1,185

  • 11f · Fees: investment management

    total $5,657 · management and general $5,657

  • 11g · Fees: other

    total $254 · management and general $254

  • 12 · Advertising and promotion

    total $119 · fundraising $119

  • 13 · Office expenses

    total $2,784 · management and general $2,737 · fundraising $47

  • 14 · Information technology

    total $4,670 · management and general $2,769 · fundraising $1,901

  • 17 · Travel

    total $3,803 · management and general $3,803

  • 24a · Other expenses: MEMBERSHIP DUES

    total $790 · management and general $790

  • 24b · Other expenses: ORGANIZATIONAL EXPENSES

    total $11 · management and general $11

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,606 · end of year $5,342

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100 · end of year $81

  • 11 · Investments: publicly traded securities

    beginning of year $612,896 · end of year $643,865

  • 17 · Accounts payable and accrued expenses

    beginning of year $312 · end of year $628

  • 27 · Net assets without donor restrictions

    beginning of year $348,505 · end of year $270,349

  • 28 · Net assets with donor restrictions

    beginning of year $265,785 · end of year $378,311

Mission and programs · 2023

Mission

THE NATIONAL FOUNDATION FOR MUSICAL THEATRE IS A COMMUNITY OF PRODUCERS, INSTITUTIONS, AND MUSICAL THEATRE ENTHUSIASTS SUPPORTING THE DEVELOPMENT, PRODUCTION, AND APPRECIATION OF MUSICAL THEATRE. WE UNDERSTAND THAT IT OFTEN TAKES HUNDREDS OF THOUSANDS OF DOLLARS TO DEVELOP A SINGLE MUSICAL. TRY TO MOVE THAT SHOW TO BROADWAY AND IT CAN TAKE MILLIONS OF DOLLARS MORE. WHILE THIS IS TYPICALLY MORE THAN ONE PERSON OR INSTITUTION CAN AFFORD ON THEIR OWN, IF WE POOL OUR RESOURCES, TOGETHER WE CAN MAKE A TREMENDOUS IMPACT.

Activities or mission (Part I)

TO SUPPORT THE DEVELOPMENT, PRODUCTION, AND APPRECIATION OF MUSICAL THEATRE.

  • WE FUND READINGS, WORKSHOPS, AND MUSICAL THEATRE PRODUCTIONS ACROSS THE COUNTRY. THROUGH OUR PROGRAMS, WE ENCOURAGE ACTIVITIES THAT UNITE AND HEAL THE NATION THROUGH MUSICAL THEATRE, AND EDUCATE THE NEXT GENERATION TO THE EXTRAORDINARY IMPACT THIS ART FORM CAN HAVE ON OUR CULTURE. THE NATIONAL FOUNDATION FOR MUSICAL THEATRE AWARDS GRANTS FOR THE PRODUCTION OR PRESENTATION OF NEW MUSICALS, WORKS FROM THE EXISTING CANON, DEVELOPMENT LABORATORIES, SHOWCASES, AND ARTIST RESIDENCIES.

    Expenses $25,500 · Grants $16,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Thew

    PRESIDENT

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Troy Bermel

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Elizabeth Wenzel

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Sibyl Gruhl

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202401289349301740

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