2011-05-13T12:12:56-05:00 2010-06-30 MBAF-ERE CPAs LLC 440 PARK AVE SOUTH-5TH FL NEW YORK NY 10016 990 2009-07-01 237086643 MANHATTAN THEATRE CLUB INC MANH 2123993000 311 WEST 43RD STREET NEW YORK NY 10036 BARRY GROVE 2123993000 2011-05-12 1 2125761400 2009 2016-02-24 21:20:13Z BARRY GROVE 311 WEST 43RD STREET NEW YORK NY 10036 23330104 0 X WWW.MTC-NYC.ORG X 1970 NY MANHATTAN THEATRE CLUB, INC. is a leading producer of new works along with significant revivals. 43 39 605 47 0 0 18375205 7619486 10070675 11474009 -73297 147875 183625 26622 28556208 19267992 0 0 12497257 10936485 55000 8000 1691173 10252787 9093184 22805044 20037669 5751164 -769677 39973380 39485199 3534458 3701280 36438922 35783919 MTC is committed to the creation of new plays and musicals on and off Broadway, to the production of contemporary classics that deserve a new look and to the effort to reach young audiences with innovative programs in education. 0 0 15483090 11449231 Theatre Production: For nearly four decades, MTC's goals have included producing a season of innovative work with a series of productions as broad and diverse as New York itself; encouraging significant new work by creating an environment in which writers and theatre artists are supported by the finest professionals producing theatre today; and nurturing new talent in playwriting, musical composition, directing, acting and design. 1007936 97180 Education Program: MTC aims to reach young audiences with innovative programs in education and maintain a commitment to cultivating the next generation of theatre professionals. Using the work on our stages, MTC's Education Program promotes active participation in the arts. This international Program offers in-class instruction, student and family matinees, teacher training, internships and internet based distance learning. 447098 Artistic Development: MTC is committed to enriching the canon of American theatre and encourages significant new work for the stage by creating an environment in which writers and theatre artists are supported by the finest professionals producing theatre today. MTC's Artistic Development Program offers commissions, script evaluation, dramaturgical support, readings and workshops. Artists return to MTC throughout their careers because they trust MTC's process. 16938124 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 1 132 0 1 605 1 0 0 0 0 0 1 1 0 43 39 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 NY X JEFFREY BLEDSOE 2123993000 311 WEST 43RD STREET NEW YORK NY 10036 Carolyn Meadow 40.00 X X 336270 0 73712 HERBERT GROVE 40.00 X X 315899 3530 74086 PETER J SOLOMON 2.00 X X 0 0 0 DAVID C HODGSON 1.00 X X 0 0 0 STEPHEN R WILSON 1.00 X X 0 0 0 BARBARA J FIFE 1.00 X X 0 0 0 SYLVIA ABLON 0.50 X 0 0 0 JUDY HART ANGELO 0.50 X 0 0 0 CHRISTINE BARANSKI 0.50 X 0 0 0 JOHN LEE BEATTY 0.50 X 7533 0 678 TODD BLUMENTHAL 0.50 X 0 0 0 PETER BRIDGMAN 0.50 X 0 0 0 GLENN A BRITT 0.50 X 0 0 0 JUDD BURSTEIN 0.50 X 0 0 0 ROBERT CARLOCK 0.50 X 0 0 0 BRUCE DAIGH 0.50 X 0 0 0 SCOTT M DELMAN 0.50 X 0 0 0 LORI FIFE 0.50 X 0 0 0 JOHN D GILLIAM 0.50 X 0 0 0 JOSEPH H GLEBERMAN 0.50 X 0 0 0 GAY GOLDMAN 0.50 X 0 0 0 JOSEPH HEALEY 0.50 X 0 0 0 BICKY KELLNER 0.50 X 0 0 0 JEFFREY B KINDLER 0.50 X 0 0 0 FIONA KIRK 0.50 X 0 0 0 W LOEBER LANDAU 0.50 X 0 0 0 ANN M LIMBERG 0.50 X 0 0 0 MATTHEW M MCKENNA 0.50 X 0 0 0 BETHANY MILLARD 0.50 X 0 0 0 HIROSHI MINOURA 0.50 X 0 0 0 ROBERTA G OLSEN 0.50 X 0 0 0 BERNADETTE PETERS 0.50 X 0 0 0 HAROLD PRINCE 0.50 X 0 0 0 NANCY C ROBERTS 0.50 X 0 0 0 HOWARD J RUBENSTEIN 0.50 X 0 0 0 VIRGINIA P RUESTERHOLZ 0.50 X 0 0 0 ROBERT H SINCLAIR 0.50 X 0 0 0 JEFFREY A SINE 0.50 X 0 0 0 W GREGG SLAGER 0.50 X 0 0 0 MICHAEL A STEINBERG 0.50 X 0 0 0 SHARON SULLIVAN 0.50 X 0 0 0 JUDY TATE 0.50 X 12255 0 0 CHARLYANCE WOODARD 0.50 X 0 0 0 FLORENCE R SEERY 40.00 X 149274 0 19720 JEFFREY A BLEDSOE 40.00 X 102717 1543 19595 JERRY E PATCH 40.00 X 151465 0 0 AMANDA S GREENFIELD 40.00 X 141925 0 3601 JILL LLOYD 40.00 X 128872 0 3227 NANCY PICCIONE 40.00 X 122558 0 4596 TIMOTHY WALTERS 40.00 X 121861 0 0 1590629 5073 199215 12 0 1 0 MARKET ROAD FILMS LLC FSO LYNN NOTTAGE C/O CAA 162 5TH AVENU NEW YORK NY 10010 PLAYWRIGHTS 189395 ABRAMS ARTIST FSO KAUFMANFERBER 275 SEVENTH AVENUE 26TH FLOOR NEW YORK NY 10001 PLAYWRIGHTS 109506 2 2812851 179830 4626805 7619486 TICKET SALES 711110 10235560 10235560 FACILITIES INCOME 711110 606440 606440 ROYALTIES & RIGHTS 711110 534829 534829 EDUCATION PROGRAM 611600 97180 97180 11474009 180706 180706 3412470 3445301 -32831 -32831 -32831 538200 2812851 616811 -78611 -78611 MISC INCOME 711110 105233 105233 105233 19267992 11546411 0 102095 1197419 659032 308831 229556 7816503 6703477 502137 610889 301084 301046 38 933025 771503 73952 87570 688454 551269 67693 69492 73107 73107 96050 96050 15 15 8000 8000 8996 8996 2947727 2490562 457165 281220 56643 148584 75993 36403 10921 20750 4732 2373913 2212757 107437 53719 46801 40535 6266 918284 886499 21190 10595 Theatrical MATERIALS 1471990 1471990 Subscription Campaign 630502 611587 18915 Printing and Publicatio 150811 96315 54496 Dues aND PUBLICATION 33318 33318 Postage 24047 881 13153 10013 20037669 16938124 1408372 1691173 1084218 1657858 22349 5165542 1917410 222047 70480 244717 316939 31960054 6933234 25884025 25026820 6785670 9865299 564812 630393 39973380 39485199 802528 757458 2439686 2737435 292244 206387 3534458 3701280 X 33720705 33025726 1053758 1093735 1664459 1664458 36438922 35783919 39973380 39485199 X 0 1 1 X 0 X 7924466 9495873 11267344 18375205 7619486 54682374 11129502 11072978 9745814 9141081 10332740 51422115 19053968 20568851 21013158 27516286 17952226 106104489 281934 378824 2947866 489400 581150 4679174 0 281934 378824 2947866 489400 581150 4679174 101425315 2497188 4364011 1968157 1117746 1321975 11269077 2497188 4364011 1968157 1117746 1321975 11269077 152738 374911 65928 101788 105233 800598 21703894 25307773 23047243 28735820 19379434 118174164 0.85830 0.86410 0.09540 0.09140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15 15 18996518 18996533 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 33000 36000 23196 15 92211 250000 250000 250000 250000 1000000 1500000 9565050 263331 2100 9826281 1343134 12000000 3778084 9565050 0.88000 0.12000 0 0 24988622 1437390 23551232 5250865 3931205 1319660 1396088 1316372 79716 324479 248267 76212 25026820 LONG-TERM LEASE ACCRUALS 206387 206387 19267992 20037669 -769677 114674 114674 -655003 19723145 114674 266338 74141 455153 19267992 0 19267992 20378148 266338 74141 340479 20037669 0 20037669 Part V, Line 4: Description of Intended Use of Endowment Funds: The Endowment fund is intended to provide long term stability to MTC with annual funds from investment income to fund ongoing operations. There are three parts to this fund - (a)The first part is the permanently restricted endowment funds. The principal of these funds came from designated donations and is permanently restricted. The income from these funds is restricted to funding internships, the education program and certain playwright commissions. (b)The Named Funds, a Board designated quasi-endowment, will also be included in this fund. These are monies from donations made in memory of former staff or board members but that were not restricted by donor. The income from these funds is used to support internships and assistant directors at City Center. (c)The third part of the endowment funds consists of Friedman funds received for the renaming of the Biltmore Theater and lobbies and is also a Board designated quasi-endowment. Part X: Description of Uncertain Tax Positions Under FIN 48: Effective December 15, 2009, the Organization adopted ASC 740-10-50-15, Accounting for Uncertainty in Income Taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The cumulative effect of this change in accounting principle was immaterial. In assessing the realizability of tax benefits, management considers whether it is more likely than not that some portion or all of any tax position will not be realized. The ultimate realization of such tax positions is dependent upon the generation of future income. Management considers projected future income, and tax planning strategies in making this assessment. Based upon the level of historical income and projections for future income, management believes it is more likely than not that the Organization will realize all tax benefits. The Organization classifies interest on underpayments of income tax as Interest Expense, and classifies penalties in connection with underpayments of tax as Other Expense. The Organization does not expect a significant increase or decrease to the total amounts of unrecognized tax positions during the fiscal year ended June 30, 2010. However, the Organization is subject to audit by tax authorities. The Organization believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Management believes that its nonprofit status would be sustained upon examination. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY EXPENSE of $74,141 NETTED WITH INCOME ON TAX RETURN. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY EXPENSE of $74,141 NETTED WITH INCOME ON TAX RETURN. Spring Gala 2581001 2228961 352040 188129 188044 Winter Benefit 603880 529130 74750 67213 62216 24 166170 54760 111410 111209 3351051 2812851 538200 255342 361469 616811 -78611 X X X X 0 1 0 0 0 0 0 0 0 Carolyn Meadow 336270 0 0 0 0 0 0 0 73712 0 409982 0 0 0 HERBERT GROVE 315899 3530 0 0 0 0 0 0 74086 0 389985 3530 0 0 FLORENCE R SEERY 149274 0 0 0 0 0 0 0 19720 0 168994 0 0 0 JEFFREY A BLEDSOE 102717 1543 0 0 0 0 0 0 19595 0 122312 1543 0 0 JERRY E PATCH 151465 0 0 0 0 0 0 0 0 0 151465 0 0 0 EQUITY LEAGUE HEALTH AND PENSION F Officer - TRUSTEE 262366 PAYMENTS MADE BY MTC TO THE EQUITY-LEAGUE HEALTH AND PENSION FUNDS TO FULFILL OBLIGATIONS UNDER LORT-EQUITY COLLECTIVE BARGAINING AGREEMENT. HERBERT GROVE SERVES AS AN UNPAID MANAGEMENT TRUSTEE FOR THE FUNDS AND AS AN OFFICER OF MTC. 0 X 1263 COMPARATIVE PRICING X 1 4283 cOMPARATIVE PRICING X AIRFARE 1 9772 COMPARATIVE PRICING X OFFICE FURNITURE 1 8121 COMPARATIVE PRICING X SOFTWARE 1 3600 COMPARATIVE PRICING 0 0 0 Form 990, Part VI, Section A, line 2 Two board members are married to each other. Two board members are related by marriage.One board member is married to another board member's son. Form 990, Part VI, Section B, line 11 The 990 is reviewed by the Executive Producer, the chairs of the Finance and Audit committee and the Chairman and Treasurer of the Board. In addition the document is distributed to the members of Finance and Audit committee for comments and questions. Form 990, Part VI, Section B, line 12c The policy is included in the board manual that is distributed annually. Conflicts related to commercial transfers of MTC shows are regularly discussed with board members and they are reminded that investing in such ventures is not allowed. Annual reviews of key employees allow for discussion about new ventures that could be conflicts. Form 990, Part VI, Section B, line 15 Executive salaries are reviewed and set by the Compensation Committee of the board of directors using data comparing salaries to similar non-profits in New York City and to theatres of comparative size nationally. This includes approving voluntary cuts made by the executives during the recent financial downturn implemented in January 2009 but encompassed cuts retroactive to September 2008. Salaries for other officers and key employees are set using comparative data for other non-profit theatres of similar size locally and throughout the country. Form 990, Part VI, Section C, line 19 Full audited financial statements are available upon request and are posted on our own website. Select financial information is included in the annual report distributed to donors and funders, and is available upon request. Policies are distributed via employee manuals and board manuals and are available upon request to the general public. Governing documents are available upon request. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. MTC PRODUCTIONS INC 311 west 43rd street new york NY 10036 133636769 theatre production NY MANHATTAN THEATRE CLUB INC C 117793 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 MTC PRODUCTIONS INC N 53796 MTC PRODUCTIONS INC R 13000