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Nonprofiteer
← THE MIDTOWN MANAGEMENT GROUP INC

Form 990 for tax year 2024

Filed by THE MIDTOWN MANAGEMENT GROUP INC.

Totals

Total revenue
$2,576,247
Total expenses
$2,454,550
Contributions and grants received
$28,862
Grants paid
$0
Program service revenue
$2,473,238
Investment income
$67,147
Other revenue
$7,000
Total assets, end of year
$2,066,226
Total liabilities, end of year
$389,543
Net assets or fund balances, end of year
$1,676,683
Program services expenses (Part IX)
$1,869,479
Management and general expenses
$382,250
Fundraising expenses
$202,821
Program service expenses (Part III)
$1,869,479

Program services were 76.2% 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

    $28,862

  • 2a · Program service revenue: EDUCATION

    total $2,473,238 · related or exempt $2,473,238

  • 3 · Investment income

    total $9,294 · excluded $9,294

  • 6a · Gross rents

    real property $7,000

  • 6c · Rental income or loss

    real property $7,000

  • 6d · Net rental income or loss

    total $7,000 · excluded $7,000

  • 7a · Gross sales of assets other than inventory

    securities $57,853

  • 7c · Gain or loss

    securities $57,853

  • 7d · Net gain or loss

    total $57,853 · unrelated business $57,853

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,442,236 · program services $1,182,634 · management and general $173,068 · fundraising $86,534

  • 10 · Payroll taxes

    total $304,826 · program services $249,957 · management and general $36,579 · fundraising $18,290

  • 11g · Fees: other

    total $284,466 · program services $93,874 · management and general $108,097 · fundraising $82,495

  • 12 · Advertising and promotion

    total $3,417 · program services $2,563 · fundraising $854

  • 13 · Office expenses

    total $95,212 · program services $78,074 · management and general $11,425 · fundraising $5,713

  • 14 · Information technology

    total $22,576 · program services $18,512 · management and general $2,709 · fundraising $1,355

  • 20 · Interest

    total $8,616 · management and general $8,616

  • 22 · Depreciation, depletion and amortization

    total $2,262 · program services $1,855 · management and general $271 · fundraising $136

  • 23 · Insurance

    total $14,056 · management and general $14,056

  • 24a · Other expenses: TOURING PRODUCTION

    total $140,292 · program services $140,292

  • 24b · Other expenses: LEASE EXPENSE AND UTILITIES

    total $102,042 · program services $83,674 · management and general $12,245 · fundraising $6,123

  • 24c · Other expenses: LOAN PROCESSING FEES

    total $12,544 · management and general $12,544

  • 24d · Other expenses: TRAVEL MEETING AND MEALS

    total $5,685 · program services $4,662 · management and general $682 · fundraising $341

  • 24e · All other expenses

    total $16,320 · program services $13,382 · management and general $1,958 · fundraising $980

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $538,945 · end of year $294,260

  • 4 · Accounts receivable

    beginning of year $667,852 · end of year $683,495

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

    $74,898

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

    $40,267

  • 10c · Land, buildings and equipment, net

    beginning of year $36,893 · end of year $34,631

  • 11 · Investments: publicly traded securities

    beginning of year $619,816 · end of year $832,137

  • 15 · Other assets

    beginning of year $294,581 · end of year $221,703

  • 17 · Accounts payable and accrued expenses

    beginning of year $165,205 · end of year $4,869

  • 19 · Deferred revenue

    beginning of year $18,388 · end of year $25,350

  • 25 · Other liabilities

    beginning of year $440,337 · end of year $359,324

  • 27 · Net assets without donor restrictions

    beginning of year $1,534,157 · end of year $1,676,683

Mission and programs · 2024

Mission

THE ORGANIZATION PROVIDES PUBLIC SCHOOL STUDENTS WITH EXPOSURE TO PROFESSIONAL THEATER ARTS AND CRAFTS THROUGH PERFORMANCES, HANDS-ON EDUCATIONAL PROGRAMS, SET AND COSTUME BUILDING, TOURING PRODUCTIONS, AND TRAINING FOR STUDENTS AND TEACHERS.

  • 1. OUR IN-SCHOOL TEACHING RESIDENCIES PROVIDED STUDENTS WITH LIVE THEATER INSTRUCTION IN 100 SCHOOLS SERVING 16,500 STUDENTS. 2. THE CASA INITIATIVE PROVIDED AFTER SCHOOL MUSICAL THEATER INSTRUCTION TO 49 SCHOOLS SERVING 13,000 STUDENTS. 3.TOURING PRODUCTION- PROFESSIONAL ACTORS PRESENT AN ABRIDGED VERSION OF A CLASSIC BROADWAY MUSICAL TO APPROXIMATELY 40 SCHOOLS AND REACH APPROXIMATELY 17,000 STUDENTS ANNUALLY. 4.CREATING THE MAGIC- PRESENTED IN A BROADWAY THEATRE AND SHOWING STUDENTS THE VARIOUS JOBS IN A PRODUCTION. HELD TWICE A YEAR FOR APPROXIMATELY 3,000 STUDENTS.

    Expenses $1,869,479 · Revenue $2,473,238

As filed on the 2024 return.

Listed in Part VII

  • Michael xx

    President & CEO

    Total calculated
    $234,581
    From this org
    $234,581
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $234,581
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $234,581

  • John Diaz

    Vice President

    Total calculated
    $0
    Hours/week
    0.1

  • Kenneth G Alberstadt

    Teasurer

    Total calculated
    $0
    Hours/week
    0.1

  • William Tung

    Secretary

    Total calculated
    $0
    Hours/week
    0.1

  • Howard Zipser

    Chairman

    Total calculated
    $0
    Hours/week
    0.1

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 · 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
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202543189349308394

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