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PROSPECT THEATER COMPANY INC

EIN 58-2400427 NEW YORK, NY

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Revenue 2024
$574,696
Expenses 2024
$710,512

Program services were 78.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
A650
Classification
1200
Street
520 EIGHTH AVE 3RD FLOOR SUITE 307

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

PROSPECT IS DEDICATED TO FOSTERING AND SHOWCASING TODAYS NEW VOICES SHAPING TOMORROWS MUSICALS. WE DEVELOP AND PRODUCE NEW WORKS, ENVISIONED AND IMPLEMENTED BY EMERGING ARTISTS. PROSPECT CREATES EDUCATIONAL AND TRAINING OPPORTUNITIES, SUSTAINS A SUPPORTIVE NETWORK WITHIN THE FIELD, AND PROVIDES A FORUM FOR ARTISTS AND AUDIENCES TO CONNECT AND LEARN FROM EACH OTHER.

Activities or mission (Part I)

SEE PART III, LINE 1 ON NEXT PAGE.

  • THE OSCAR MICHEAUX PROJECT Music by ALPHONSO HORNE Co-Book & Co-Lyrics by JESSE L. KEARNEY, JR. Co-Lyrics and Additional Music by PETER MILLS Co-Book by CARA REICHEL Development of a new musical which included a staged reading in January 2025, demo recordings of songs from the show and a workshop production of a jazz musical theater work presented at the Baruch Performing Arts Center in June 2025. 6 performances 558 attendees

    Expenses $293,464 · Revenue $11,840

  • IGNITE CONCERT FESTIVAL A series of concerts and special events presented March and April 2025 showcasing works in progress musical theater works including: Friday, March 28 2025 @ 7:30p: Marguerite, In Concert Saturday, March 29 2025 @ 7:30p: Broadway Barkada, In Concert Sunday, March 30 2025 @ 3p: Women of WICKED - Panel Discussion Wednesday, April 2 2025@ 7:30p: Cherry Orchard, In Concert Saturday April 5 2025 @ 7:30p & Sunday April 6 @ 3p: We Foxes, In Concert presented with Actor Therapy New Works & Very Intense Productions Thursday, April 10 2025 @ 7:30p: The Battle of Blythe Road, In Concert prpresented with On The Quays Sunday, April 13 2025 @ 2p: Amberland, In Concert presented with Ring of Keys 8 performances 1057 Attendees

    Expenses $136,305 · Revenue $21,985

  • MAYA - THE MUSICAL IN CONCERT Book & Music by CHEEYANG NG Book & Lyrics by ERIC SORRELS Directed by J. MEHR KAUR A concert of the New Musical presented by Prospects IGNITE Series in partnership with National Asian Artists Project THURSDAY, NOVEMBER 21 2024 @ 7PM, Symphony Space 1 performance 409 Attendees

    Expenses $46,147 · Revenue $20,232

  • Other program services included the Annual Musical Theater Lab: Jump Cut and Projects in Development. Jump Cut presented ten-minute musical works by multiple composer and writer teams in one public performance on February 20, 2025 serving 358 attendees. Projects in Development included concerts, staged readings, artist talks, work shares, and direct support for composers creating new musical theater works, ncluding Yukon, Ho!, The Troupe, and Songs for Hands on a Thursday. Collectively, these programs served approximately 534 attendees.

    Expenses $84,152 · Revenue $5,436

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Cara Reichel

    BOARD MEMBER/PRODUCING ARTISTIC DIRECTOR

    Total calculated
    $47,703
    From this org
    $47,703
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Melissa Huber

    BOARD MEMBER/MANAGING DIRECTOR

    Total calculated
    $31,100
    From this org
    $31,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Peter Mills

    BOARD MEMBER

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jason Ma

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jesse Kearney

    PRESIDENT (LEFT DECEMBER 2024)

    Total calculated
    $0
    Hours/week
    5

  • Tira Harpaz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kyle Burkhardt

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jane Abramson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Julie Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tony Valles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sophie Gandler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Karin Kawamoto

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Caroline Eber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Robert Gurman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Casasola

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Foxy Squire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $574,696
    Expenses
    $710,512
    Contributions
    $512,737
    Grants paid
    $0
  • 2023
    Revenue
    $760,174
    Expenses
    $487,673
    Contributions
    $497,519
    Grants paid
    $0
  • 2022
    Revenue
    $494,227
    Expenses
    $652,199
    Contributions
    $351,068
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $516,430
    Expenses
    $560,802
    Assets (EOY)
    $167,991

  • 2020 · 990

    Revenue
    $386,586
    Expenses
    $349,101
    Assets (EOY)
    $267,229

  • 2019 · 990

    Revenue
    $584,533
    Expenses
    $599,801
    Assets (EOY)
    $235,247

  • 2018 · 990

    Revenue
    $827,270
    Expenses
    $732,382
    Assets (EOY)
    $185,427

  • 2017 · 990

    Revenue
    $594,661
    Expenses
    $648,167
    Assets (EOY)
    $106,960

  • 2016 · 990

    Revenue
    $415,658
    Expenses
    $210,265
    Assets (EOY)
    $206,435

  • 2015 · 990

    Revenue
    $326,196
    Expenses
    $335,575
    Assets (EOY)
    $35,968

  • 2014 · 990

    Revenue
    $364,222
    Expenses
    $475,918
    Assets (EOY)
    $42,767

  • 2013 · 990

    Revenue
    $452,510
    Expenses
    $451,021
    Assets (EOY)
    $134,664

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.