Totals
- Total revenue
- $13,102,628
- Total expenses
- $12,013,283
- Contributions and grants received
- $4,540,651
- Grants paid
- $0
- Program service revenue
- $7,277,341
- Investment income
- $413,435
- Other revenue
- $871,201
- Total assets, end of year
- $30,277,487
- Total liabilities, end of year
- $16,679,262
- Net assets or fund balances, end of year
- $13,598,225
- Program services expenses (Part IX)
- $10,501,596
- Management and general expenses
- $886,168
- Fundraising expenses
- $625,519
- Program service expenses (Part III)
- $10,501,596
Program services were 87.4% 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.
-
1c · Fundraising events
$381,053
-
1e · Government grants (contributions)
$202,024
-
1f · All other contributions, gifts and grants
$3,957,574
-
2a · Program service revenue: TUITION INCOME
total $6,246,490 · related or exempt $6,246,490
-
2b · Program service revenue: BOX OFFICE REVENUE
total $640,475 · related or exempt $640,475
-
2c · Program service revenue: MEMBERSHIP FEE
total $237,776 · related or exempt $237,776
-
2d · Program service revenue: PRODUCTION ENHANCEMENT
total $72,347 · related or exempt $72,347
-
2e · Program service revenue: RENTAL INCOME
total $42,609 · related or exempt $42,609
-
2f · All other program service revenue
total $37,644 · related or exempt $37,644
-
3 · Investment income
total $413,435 · excluded $413,435
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $309,605 · related or exempt $309,605
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$66,647
-
8a · Fundraising events: contributions included on line 1c
$381,053
-
8b · Fundraising events: direct expenses
$66,647
-
8c · Net income from fundraising events
total $0 · excluded $0
-
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: RECOUPMENT OF BAD DEBT EXPENSE
total $561,596 · related or exempt $561,596
-
11e · Other revenue, total
$561,596
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 $1,258,983 · program services $780,598 · management and general $286,913 · fundraising $191,472
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,763,904 · program services $4,490,106 · management and general $149,686 · fundraising $124,112
-
8 · Pension plan contributions
total $51,314 · program services $51,314
-
9 · Other employee benefits
total $916,249 · program services $784,849 · management and general $68,773 · fundraising $62,627
-
10 · Payroll taxes
total $595,749 · program services $531,683 · management and general $44,533 · fundraising $19,533
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $414,358 · program services $414,358
-
11c · Fees: accounting
total $44,450 · program services $24,450 · management and general $20,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $800,481 · program services $558,780 · management and general $147,226 · fundraising $94,475
-
12 · Advertising and promotion
total $404,095 · program services $404,095
-
13 · Office expenses
total $103,976 · program services $76,951 · management and general $8,724 · fundraising $18,301
-
14 · Information technology
total $53,387 · program services $46,712 · management and general $3,869 · fundraising $2,806
-
15 · Royalties
total $74,885 · program services $74,885
-
16 · Occupancy
total $494,371 · program services $449,877 · management and general $39,550 · fundraising $4,944
-
17 · Travel
total $33,469 · program services $29,284 · management and general $2,426 · fundraising $1,759
-
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 $403,276 · program services $366,982 · management and general $32,262 · fundraising $4,032
-
23 · Insurance
total $212,033 · program services $192,950 · management and general $16,963 · fundraising $2,120
-
24a · Other expenses: PRODUCTION EXPENSES
total $441,853 · program services $438,430 · management and general $72 · fundraising $3,351
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $435,573 · program services $396,371 · management and general $34,846 · fundraising $4,356
-
24c · Other expenses: FOOD/LODGING/PER DIEMS
total $175,242 · program services $112,514 · management and general $19,207 · fundraising $43,521
-
24d · Other expenses: CREDIT CARD CHARGES/BANK FEE
total $166,478 · program services $150,782 · management and general $1,610 · fundraising $14,086
-
24e · All other expenses
total $169,157 · program services $125,625 · management and general $9,508 · fundraising $34,024
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,939,324 · end of year $4,016,793
-
2 · Savings and temporary cash investments
beginning of year $5,992,867 · end of year $7,162,290
-
3 · Pledges and grants receivable
beginning of year $1,652,950 · end of year $1,808,084
-
4 · Accounts receivable
beginning of year $83,744 · end of year $250,538
-
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 $260,036 · end of year $431,422
-
10a · Land, buildings and equipment: cost or other basis
$11,343,685
-
10b · Land, buildings and equipment: accumulated depreciation
$6,624,090
-
10c · Land, buildings and equipment, net
beginning of year $5,116,596 · end of year $4,719,595
-
11 · Investments: publicly traded securities
beginning of year $2,614,791 · end of year $2,754,843
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
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 $9,748,182 · end of year $9,133,922
-
17 · Accounts payable and accrued expenses
beginning of year $839,842 · end of year $642,946
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $2,903,789 · end of year $3,165,118
-
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 $13,155,979 · end of year $12,871,198
-
27 · Net assets without donor restrictions
beginning of year $10,214,700 · end of year $9,972,525
-
28 · Net assets with donor restrictions
beginning of year $2,294,180 · end of year $3,625,700
Mission and programs · 2024
Mission
At Atlantic, our aim is singular: to empower simple and honest storytelling that fosters greater understanding of our shared world. Across our work, we are a family of artists dedicated to exploring essential truths onstage, be it a show at Atlantic Theater Company or a class at Atlantic Acting School. As a producer, presenter, and educator of theater, we are driven by the belief that theater can challenge and transform our ways of thinking and urge us to reflect on our role in society. We are committed to uncovering and celebrating the stories of our varied human existence - from our Tony Award and Pulitzer Prize-winning productions to our impactful arts education programs.
Activities or mission (Part I)
TO EMPOWER SIMPLE AND HONEST story- TELLING THAT FOSTERS GREATER UNDERSTANDING OF OUR SHARED WORLD.
-
SINCE OUR INCEPTION, ATLANTIC HAS BEEN TRAINING YOUNG PEOPLE IN THE THEATER AT ATLANTIC ACTING SCHOOL, WHERE WE EQUIP OUR STUDENTS WITH THE PHYSICAL, EMOTIONAL, AND ANALYTICAL TOOLS OF ACTING TO DISCOVER THEIR TRUTHS AND PREPARE THEM FOR SUCCESS BEYOND OUR DOORS. EACH YEAR, WE OFFER AN ACCREDITED CONSERVATORY PROGRAM, A BFA PROGRAM OPERATED THROUGH NEW YORK UNIVERSITY, AND AFTERSCHOOL AND SUMMER PROGRAMS FOR CHILDREN AND TEENAGERS FROM ACROSS THE CITY. WE'RE ALSO SERVING OVER 3,500 NYC PUBLIC SCHOOL STUDENTS THROUGH VARIOUS ARTS EDUCATION PROGRAMS. IN STAGING SUCCESS, ATLANTIC PARTNERS WITH TWO PUBLIC HIGH SCHOOLS TO OFFER IN-CLASS CROSS-CURRICULAR THEATER LESSONS. SIMULTANEOUSLY, ATLANTIC'S DISCOVER SUCCESS IS A MATINEE PROGRAM PROVIDING STUDENTS FROM 30 NYC SCHOOLS WITH TICKETS TO ATLANTIC PRODUCTIONS, PRE-SHOW CLASSROOM VISITS WITH TEACHING ARTISTS, STUDY GUIDES, AND POST-SHOW DISCUSSIONS WITH THE PLAY'S CAST. STUDENTS RECEIVE TICKETS TO ATLANTIC PRODUCTIONS. WE ALSO SERVE NEURODIVERSE CHILDREN AND YOUNG ADULTS WITH RELAXED PERFORMANCES THROUGH ACCESS SUCCESS.
Expenses $5,475,426 · Revenue $6,246,490
-
AT ATLANTIC THEATER COMPANY, WE'RE AN AWARD-WINNING PRODUCER, PREMIERING WORKS BY INTREPID PLAYWRIGHTS LIKE ANNIE BAKER, LUCAS HNATH, AND SANAZ TOOSSI AS WELL AS CRITICALLY ACCLAIMED MUSICALS SUCH AS "THE BAND'S VISIT", "KIMBERLY AKIMBO"BUENA VISTA SOCIAL CLUB". AS PART OF THIS WORK, EACH SEASON WE SERVE ALMOST 50,000 PATRONS AND ARTISTS AND PRODUCE FOUR PRODUCTIONS AT THE COMPANY'S TWO THEATER SPACES IN THE CHELSEA NEIGHBORHOOD OF MANHATTAN: THE 199-SEAT LINDA GROSS THEATER ON WEST 20TH STREET AND THE 99-SEAT STAGE 2 THEATER ON WEST 16TH STREET. PRODUCTIONS PROGRAMMED IN OUR 2024-25 SEASON INCLUDED "I'M ASSUMING YOU KNOW DAVID GREENSPAN" BY MONA PIRNOT, "A FREEKY INTRODUCTION" BY NSANGOU NJIKAM, ELYA SMITH'S OFF-BROADWAY DEBUT, "GRIEF CAMP", AND "LOWCOUNTRY", WRITTEN BY ABBY ROSEBROCK AND DIRECTED BY JO BONNEY. WE ALSO CONTINUED OUR NEW PLAY DEVELOPMENT PROGRAMS AND SERVED OVER 12 PLAYWRIGHTS THROUGH READINGS AND WORKSHOPS.
Expenses $4,923,867 · Revenue $1,297,847
-
Studio and theater spaces, when not being used for Atlantic programs, are available to rent. Atlantic offers space at scaled prices to help our school alumni build their artistic ensembles, to help other theater education organizations address social issues with theater, and to provide young or up-and-coming non-profit theater companies with the opportunity to bring their work to the New York City audience. Miscellaneous other income is received for various program-related activities.
Expenses $102,303 · Revenue $42,609
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeffory Lawson
Managing Director
- Total calculated
- $482,590
- From this org
- $268,175
- From related orgs
- $0
- Other
- $214,415
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $268,175
- Bonus
- $0
- Other
- $0
- Deferred
- $163,524
- Nontaxable benefits
- $50,891
- Filer's total
- $482,590
-
Neil PepeNEIL PEPE
ARTISTIC DIRECTOR
- Total calculated
- $443,546
- From this org
- $249,427
- From related orgs
- $0
- Other
- $194,119
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $249,427
- Bonus
- $0
- Other
- $0
- Deferred
- $163,524
- Nontaxable benefits
- $30,595
- Filer's total
- $443,546
-
Mary McCann
DIRECTOR/SCHOOL EXEC DIR.
- Total calculated
- $433,893
- From this org
- $215,895
- From related orgs
- $0
- Other
- $217,998
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,895
- Bonus
- $0
- Other
- $0
- Deferred
- $163,524
- Nontaxable benefits
- $54,474
- Filer's total
- $433,893
-
Heather BairdHEATHER BAIRD
DIR OF EDUC AND RECRUITMENT
- Total calculated
- $143,179
- From this org
- $130,370
- From related orgs
- $0
- Other
- $12,809
- Hours/week
- 40
-
Lorielle Mallue
Dir. of Conservatory Training
- Total calculated
- $125,951
- From this org
- $113,142
- From related orgs
- $0
- Other
- $12,809
- Hours/week
- 40
-
Hilary Hinckle
BOARD MEMBER/FACULTY
- Total calculated
- $12,084
- From this org
- $12,084
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Olaf Olafsson
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Carol Auerbach
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Betsy Pitts
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Kevin R Lyle
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Chris Boneau
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joy Bunson
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Danielson
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenni Dickson
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne Freind
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Garrett Turner
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clark Gregg
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wolf Hengst
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roger E Kass
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott Korf
Director
- Total calculated
- $0
- Hours/week
- 1
-
Katie Leede
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Monique Long
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Annie Pell
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ilona Nemeth
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom Robertshaw
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mahlet Seyoum-Powell
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Claudia Wagner
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joanne R Wenig
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susi Wunsch
DIRECTOR
- Total calculated
- $0
- Hours/week
- 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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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, line 4B:
- The Organization has a 457(f) and 457(b) deferred compensation plan for its key employees. As of August 31, 2025 and 2024, three employees were covered under the plan. Under these agreements, the Organization will credit each employee's account for services rendered each fiscal year through the years ending August 31, 2026. As of August 31, 2025 and 2024, the balance of deferred compensation payable was $2,264,776 and $1,795,791, respectively. The account balances may become vested and paid earlier upon death, disability, discharge without cause, or resignation for good reason. Unvested balances are forfeited upon discharge for cause or resignation without good reason. The Organization has title to and beneficial ownership of the invested funds until the account balances are vested and paid. The executives have a significant risk of forfeiture.
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
- 7 July 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611899349301701
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