2025-12-19T11:29:34+00:00 2025-06-30 440160260 Forvis Mazars LLP 135 West 50th Street New York NY 10020 990 2024-07-01 136216919 THEATRE DEVELOPMENT FUND INC THEA 2129129770 520 EIGHTH AVENUE NEW YORK NY 10018 MICHAEL NAUMANN MANAGING DIRECTOR 2129129770 2025-12-19 true Aaron Shapiro P01333816 2128127000 2025-12-19 2024 2025-03-06 01:10:19Z Deeksha Gaur 520 EIGHTH AVENUE NEW YORK NY 10018 28782029 false X WWW.TDF.ORG X 1967 NY SEE SCHEDULE O 26 26 155 26 0 2741268 4477171 13280899 14438781 970805 945387 462197 555096 17455169 20416435 135000 144500 0 0 10307235 10992894 0 0 1571280 7013030 8364948 17455265 19502342 -96 914093 16159936 17386989 8097062 8019667 8062874 9367322 X SEE SCHEDULE O false false 4388592 0 4572410 TKTS BY TDF - THE TKTS TICKET BOOTHS SUPPORT TDF'S MISSION OF ENCOURAGING AND ENABLING DIVERSE AUDIENCES TO ATTEND THEATRE AND DANCE. THE TKTS BOOTHS, STARTING IN 1973 WITH ONE AND AT JUNE 30, 2025, NUMBERING TWO, SELL APPROXIMATELY 630,000 SAME-DAY DISCOUNTED TICKETS ANNUALLY TO BROADWAY AND OFF-BROADWAY THEATRE AND DANCE PERFORMANCES. TKTS ENABLES THEATREGOERS WHO CANNOT AFFORD FULL PRICE TICKETS TO ATTEND THEATRE, WHICH IN TURN SIGNIFICANTLY INCREASES ATTENDANCE. 2684448 0 8444390 TDF MEMBERSHIP PROGRAM - THE MEMBERSHIP PROGRAM ALSO SUPPORTS TDF'S MISSION OF ENCOURAGING AND ENABLING DIVERSE AUDIENCES TO ATTEND THEATRE AND DANCE. ANNUALLY TDF MAKES POSSIBLE THE SALE OF APPROXIMATELY 575,000 DEEPLY-DISCOUNTED TICKETS TO BROADWAY, OFF-BROADWAY, AND OFF-OFF BROADWAY THEATRE AND DANCE PERFORMANCES TO OVER 120,000 TDF MEMBERS, WHO QUALIFY FOR MEMBERSHIP BY CERTIFYING THAT THEY BELONG TO ONE OF THIRTEEN CATEGORIES MAKING THEM ELIGIBLE FOR DISCOUNTED TICKETS. 2119564 0 7373 TDF SCHOOLS AND COMMUNITY ENGAGEMENT - THE EDUCATION PROGRAM BUILDS AUDIENCES FOR THE THEATRE BY INTRODUCING YOUNG PEOPLE TO LIVE THEATRE AND PREPARING THEM TO ENGAGE AS AUDIENCES. APPROXIMATELY 11,000 NEW YORK CITY PUBLIC SCHOOL CHILDREN ARE BROUGHT TO THEATRE AND DANCE PERFORMANCES ANNUALLY AT NO COST TO THE SCHOOLS OR STUDENTS, AND IN ADDITION THESE YOUNG PEOPLE PARTICIPATE IN CLASSROOM WORKSHOPS, POST-PERFORMANCE DISCUSSIONS AND PLAYWRIGHTING WORKSHOPS DESIGNED TO ENHANCE AND CONTEXTUALIZE THEIR EXPERIENCE. TDF COMMUNITY ENGAGEMENT PROGRAMS WORK TO STRENGTHEN LOCAL AUDIENCES FROM EVERY BOROUGH AND NEIGHBORHOOD IN NEW YORK CITY, CURRENTLY WORKING WITH OVER 55 CENTERS OR AGENCIES. 1877526 144500 442779 TDF ACCESSIBILITY PROGRAMS 1835754 0 955358 TDF COSTUME COLLECTION 1078159 0 16471 DIGITAL STRATEGY & JOURNALISM 903645 0 0 OUTREACH AND PUBLIC RELATIONS 117621 0 0 AUDIENCE RESEARCH 5812705 144500 1414608 15005309 true true false true false false false false false true true false false true true false true false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false false false false true 88 0 true 155 true false false false false false true true false false false false false false X 26 26 false false false false false false false true true false false false true true true true true false true true false false NY X X OWEN WILES 2129129770 520 EIGHTH AVENUE NO 801 NEW YORK NY 10018 X AMY CHIN SECRETARY 1.0 X 0 0 0 ARI TEPLITZ TRUSTEE 1.0 X 0 0 0 CAROL WOOD MOORE TRUSTEE 1.0 X 0 0 0 DILLAN ARRICK TRUSTEE 1.0 X 0 0 0 DONNA WILLIAMS TRUSTEE 1.0 X 0 0 0 EARL D WEINER TRUSTEE 1.0 X 0 0 0 EILEEN SILVERS TRUSTEE 1.0 X 0 0 0 GWEN MARCUS CHAIRPERSON 6.0 X 0 0 0 HECTOR LOZADA VICE-CHAIRPERSON 1.0 X 0 0 0 HOLLY COHEN TRUSTEE 1.0 X 0 0 0 HOLLY HYNES TRUSTEE 1.0 X 0 0 0 JACQUELINE LICALZI TRUSTEE 1.0 X 0 0 0 JANE SHIN PARK TRUSTEE 1.0 X 0 0 0 JOSEPH GIRALDI TRUSTEE 1.0 X 0 0 0 LAURIE ERLANDSON TRUSTEE 1.0 X 0 0 0 MARY GOOD TRUSTEE 1.0 X 0 0 0 MEG HERRMAN TRUSTEE 1.0 X 0 0 0 NICOLE HART TRUSTEE 1.0 X 0 0 0 PENNY PETERS TRUSTEE 1.0 X 0 0 0 ROBERT FRIED TREASURER/VICE CHAIRPERSON 1.0 X 0 0 0 RUTH SARFATY TRUSTEE 1.0 X 0 0 0 SANDRA DANZIGER TRUSTEE 1.0 X 0 0 0 SANDRA WISHNICK TRUSTEE 1.0 X 0 0 0 TERRY FITZPATRICK TRUSTEE 1.0 X 0 0 0 THOMAS O'CONNOR TRUSTEE 1.0 X 0 0 0 VEENA MOSUR TRUSTEE 1.0 X 0 0 0 DEEKSHA GAUR EXECUTIVE DIRECTOR 35.0 X 297516 0 72084 MICHAEL NAUMANN MANAGING DIRECTOR 35.0 X 270990 0 45751 OWEN WILES VICE-PRESIDENT, FINANCE & ADMINISTRATION 35.0 X 178369 0 61156 JULIAN CHRISTENBERRY DIRECTOR, TICKETING PROGRAMS 35.0 X 194405 0 54897 STEPHEN CABRAL VICE-PRESIDENT, TDF COSTUME COLLECTION 35.0 X 153125 0 34313 TYMAND STAGGS VICE-PRESIDENT, TECHNOLOGY 35.0 X 172971 0 38532 WHITNEY ESTRIN VICE-PRESIDENT, DEVELOPMENT 35.0 X 171324 0 53245 WILLIAM ROEDER TKTS HEAD TREASURER 35.0 X 187859 0 41410 1626559 0 401388 25 true true false 0 579505 3897666 4477171 TKTS SERVICES 711110 4572410 4572410 MEMBERSHIP 711110 4285600 4285600 TICKET DISTRIBUTION 711110 3033258 3033258 COSTUME COLLECTION 711110 964359 964359 HANDLING CHARGES 711110 1125532 1125532 457622 457622 0 0 14438781 432997 432997 0 0 8769529 8257139 512390 0 512390 512390 411968 108455 303513 303513 LICENSE FEES 900099 83333 83333 OTHER 900099 168250 168250 0 0 0 0 251583 20416435 14438781 0 1500483 144500 144500 0 0 0 0 0 0 925866 183562 534977 207327 7337044 6146273 602756 588015 109011 101770 0 7241 1876448 1556131 184790 135527 744525 584021 98064 62440 22637 22637 94672 94672 60000 60000 970127 380251 371361 218515 510690 487630 9778 13282 1779321 1489867 125641 163813 433122 340173 74963 17986 1417913 1060880 313698 43335 48963 46753 937 1273 255335 231880 8687 14768 155008 123697 27851 3460 TICKET PURCHASES 1649248 1649140 107 1 LEAGUES' SPECIAL PROJECTS 294001 294001 COSTUME CLEANING 202975 202975 470936 277264 99375 94297 19502342 15006767 2924295 1571280 605913 614557 1408685 2223167 381068 661203 108568 116370 0 0 0 0 396516 443765 4616134 3518879 962013 1097255 8519537 9318355 0 0 3777636 2912317 16159936 17386989 2289737 3347136 149586 227125 0 0 5657739 4445406 8097062 8019667 X 6977322 7729745 1085552 1637577 8062874 9367322 16159936 17386989 X 914093 390355 X false true true false X 5937518 5682508 3228067 2741268 4477170 22066531 262548 6104124 12806954 13280899 14438781 46893306 0 0 0 6200066 11786632 16035021 16022167 18915951 68959837 284141 238850 363197 299881 281591 1467660 0 0 0 0 0 0 284141 238850 363197 299881 281591 1467660 67492177 104192 71804 171588 289083 432997 1069664 0 104192 71804 171588 289083 432997 1069664 536 5000 0 0 5536 163656 209362 162815 462197 555095 1553125 6467914 12068334 16374424 16773447 19904043 71588162 0.94278 0.94481 0.01 0.01 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER, COLUMN A - 163656.0, COLUMN B - 209362.0, COLUMN C - 162815.0, COLUMN D - 210644.0, COLUMN E - 168249.0, COLUMN F - 914726.0; DESCRIPTION - LICENSE FEES, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 50000.0, COLUMN E - 83333.0, COLUMN F - 133333.0; DESCRIPTION - CONSULTING FEES, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 22000.0, COLUMN E - , COLUMN F - 22000.0; DESCRIPTION - SPECIAL EVENT, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 179553.0, COLUMN E - 303513.0, COLUMN F - 483066.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 60000 false false 60000 false Schedule C, Part II-B, Line 1 Lobbying THEATRE DEVELOPMENT FUND RETAINED THE SERVICES OF A FIRM TO PROVIDE GOVERNMENT RELATIONS COUNSEL AND RELATED WORK. 330372 12931 343303 305523 24849 330372 298000 7523 305523 298000 298000 296000 2000 298000 0.0 1.0 0.0 false false 2665072 2158816 506256 492765 266347 226418 1458297 1093716 364581 1097255 EMPLOYEE RETENTION CREDIT REC. 2912317 DEPOSITS 2912317 Federal Income Taxes Advanced Ticket Revenue 955420 Lease Liability 3489986 Accrued Pension 0 4445406 20416435 0 0 20416435 0 0 20416435 19502342 0 0 19502342 0 0 19502342 Schedule D, Part V, Line 4 TDF LAUNCHED A CAMPAIGN TO PERMANENTLY FUND THE WENDY WASSERSTEIN PROJECT, A THEATRE EDUCATION MENTORING PROGRAM FOR NEW YORK CITY HIGH SCHOOL STUDENTS. Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds TDF launched a campaign to fund an endowment for the Wendy Wasserstein Project, a theatre education mentoring program for New York City high school students. Broadway Breakfast (Gala) 411968 411968 0 0 49141 0 7308 52006 0 0 411968 411968 0 0 49141 0 7308 52006 108455 303513 X X X false false false false false false false false false MICHAEL NAUMANN MANAGING DIRECTOR 267033 0 0 0 3957 0 20603 0 25148 0 316741 0 0 0 OWEN WILES VICE-PRESIDENT, FINANCE & ADMINISTRATION 177953 0 0 0 416 0 14856 0 46300 0 239525 0 0 0 DEEKSHA GAUR EXECUTIVE DIRECTOR 296799 0 0 0 717 0 3296 0 68788 0 369600 0 0 0 WHITNEY ESTRIN VICE-PRESIDENT, DEVELOPMENT 170943 0 0 0 381 0 13750 0 39495 0 224569 0 0 0 JULIAN CHRISTENBERRY DIRECTOR, TICKETING PROGRAMS 190561 0 0 0 3844 0 15402 0 39495 0 249302 0 0 0 TYMAND STAGGS VICE-PRESIDENT, TECHNOLOGY 172122 0 0 0 849 0 13384 0 25148 0 211503 0 0 0 STEPHEN CABRAL VICE-PRESIDENT, TDF COSTUME COLLECTION 151787 0 0 0 1338 0 11620 0 22693 0 187438 0 0 0 WILLIAM ROEDER TKTS HEAD TREASURER 155261 0 0 0 32598 0 41410 0 0 0 229269 0 0 0 Form 990, Part I, Line 1 THEATRE DEVELOPMENT FUND, INC.(TDF), A NOT-FOR-PROFIT ORGANIZATION FOUNDED IN 1967 TO PROMOTE THE PERFORMING ARTS, IS A BROADLY-ORIENTED SERVICE AND ADVOCACY ORGANIZATION DEDICATED TO BRINGING THE POWER OF THE PERFORMING ARTS TO EVERYONE. TDF'S ACTIVITIES FALL INTO THREE AREAS. TDF EXPANDS ACCESS, MAKING THE PERFORMING ARTS ACCESSIBLE TO ALL BY REMOVING CULTURAL, PHYSICAL AND FINANCIAL BARRIERS. TDF CULTIVATES COMMUNITIES OF THEATERGOERS, BY ENGAGING, EDUCATING AND ENCOURAGING PEOPLE TO MAKE THE PERFORMING ARTS AN ESSENTIAL PART OF THEIR LIVES. TDF SUPPORTS THEATRE MAKERS AND SUSTAINS CREATORS AND ADVANCES THE INDUSTRY THROUGH CONVENINGS, RESEARCH, AND THE TDF COSTUME COLLECTION. THROUGH ITS PROGRAMS, TDF BRINGS THEATRE INTO THE LIVES OF OVER 1,000,000 PEOPLE PER YEAR. TDF'S EFFORTS ARE PRIMARILY FOCUSED IN NEW YORK, BUT IT HAS ALSO BEEN INVOLVED IN AUDIENCE DEVELOPMENT EFFORTS FOR THE PERFORMING ARTS ACROSS THE UNITED STATES AND, ON A LIMITED BASIS, INTERNATIONALLY. Form 990, Part III, Line 1 Organization's Mission THEATRE DEVELOPMENT FUND, INC. (TDF), A NOT-FOR PROFIT ORGANIZATION FOUNDED IN 1967 TO PROMOTE THE PERFORMING ARTS, IS A BROADLY ORIENTED SERVICE AND ADVOCACY ORGANIZATION DEDICATED TO BRINGING THE POWER OF THE PERFORMING ARTS TO EVERYONE. TDF'S ACTIVITIES FALL INTO THREE AREAS. TDF EXPANDS ACCESS, MAKING THE PERFORMING ARTS ACCESSIBLE TO ALL BY REMOVING CULTURAL, PHYSICAL AND FINANCIAL BARRIERS. TDF CULTIVATES COMMUNITIES OF THEATERGOERS, BY ENGAGING, EDUCATING AND ENCOURAGING PEOPLE TO MAKE THE PERFORMING ARTS AN ESSENTIAL PART OF THEIR LIVES. TDF SUPPORTS THEATRE MAKERS AND SUSTAINS CREATORS AND ADVANCES THE INDUSTRY THROUGH CONVENINGS, RESEARCH, AND THE TDF COSTUME COLLECTION. THROUGH ITS PROGRAMS, TDF BRINGS THEATRE INTO THE LIVES OF OVER 1,000,000 PEOPLE PER YEAR. TDF'S EFFORTS ARE PRIMARILY FOCUSED IN NEW YORK, BUT IT HAS ALSO BEEN INVOLVED IN AUDIENCE DEVELOPMENT EFFORTS FOR THE PERFORMING ARTS ACROSS THE UNITED STATES AND, ON A LIMITED BASIS, INTERNATIONALLY. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 1,877,526 including grants of $ 144,500)(Revenue $ 442,779) TDF ACCESSIBILITY PROGRAMS Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 1,835,754 including grants of $ 0)(Revenue $ 955,358) TDF COSTUME COLLECTION Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 1,078,159 including grants of $ 0)(Revenue $ 16,471) DIGITAL STRATEGY & JOURNALISM Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 903,645 including grants of $ 0)(Revenue $ 0) OUTREACH AND PUBLIC RELATIONS Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 117,621 including grants of $ 0)(Revenue $ 0) AUDIENCE RESEARCH Form 990, Part VI, Line 1a Delegate broad authority to a committee THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIR, BOARD OFFICERS, BOARD COMMITTEE CHAIRS, AND FORMER BOARD CHAIRS. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE FULL BOARD OF TRUSTEES, HOWEVER THE BOARD OF TRUSTEES MAY RESCIND OR CHANGE ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 WAS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE, AND THEN DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. IF ANY ISSUES ARISE OR IF CHANGES ARE NEEDED, THESE CHANGES ARE BROUGHT TO THE ATTENTION OF MANAGEMENT; TDF'S TAX PREPARERS MAKE ANY NECESSARY CHANGES. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO ALL BOARD AND SENIOR STAFF MEMBERS, WHO MUST RETURN A SIGNED FORM INDICATING COMPLIANCE WITH THE POLICY. COMPLETED FORMS ARE REVIEWED BY MANAGEMENT, AND ANY TRANSACTIONS INVOLVING A POTENTIAL CONFLICT OF INTEREST ARE TO BE CONSIDERED BY THE BOARD OF TRUSTEES AND HANDLED APPROPRIATELY. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COVERED INDIVIDUALS OF THE ORGANIZATION REFERENCED IN THIS SECTION INCLUDES OFFICERS, DIRECTORS, AND KEY EMPLOYEES WHO RECEIVED COMPENSATION. WHENEVER THE COMPENSATION FOR ANY OF THESE POSITIONS IS PROPOSED TO BE INCREASED IN AN AMOUNT EXCEEDING THE APPROXIMATE AMOUNT OF THE ANNUAL INCREASE IN THE COST OF LIVING, THE DELIBERATION ON SUCH INCREASE INCLUDES A REVIEW BY TDF'S FINANCE COMMITTEE, OR SUBSET THEREOF, WHICH IS MADE UP OF INDEPENDENT PERSONS. AFTER SUCH REVIEW, THE COMPENSATION INCREASE IS INCLUDED IN THE BUDGET PRESENTED TO AND APPROVED BY THE BOARD. THIS PROCESS WAS CONDUCTED IN SPRING OF 2024 AND AGAIN IN SPRING OF 2025. COMPENSATION IS REVIEWED AGAINST INDUSTRY STANDARDS ON AN ONGOING BASIS, INCLUDING IN 2024 AND 2025. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE COVERED INDIVIDUALS OF THE ORGANIZATION REFERENCED IN THIS SECTION INCLUDES OFFICERS, DIRECTORS, AND KEY EMPLOYEES WHO RECEIVED COMPENSATION. WHENEVER THE COMPENSATION FOR ANY OF THESE POSITIONS IS PROPOSED TO BE INCREASED IN AN AMOUNT EXCEEDING THE APPROXIMATE AMOUNT OF THE ANNUAL INCREASE IN THE COST OF LIVING, THE DELIBERATION ON SUCH INCREASE INCLUDES A REVIEW BY TDF'S FINANCE COMMITTEE, OR SUBSET THEREOF, WHICH IS MADE UP OF INDEPENDENT PERSONS. AFTER SUCH REVIEW, THE COMPENSATION INCREASE IS INCLUDED IN THE BUDGET PRESENTED TO AND APPROVED BY THE BOARD. THIS PROCESS WAS CONDUCTED IN SPRING OF 2024 AND AGAIN IN SPRING OF 2025. COMPENSATION IS REVIEWED AGAINST INDUSTRY STANDARDS ON AN ONGOING BASIS, INCLUDING IN 2024 AND 2025. Form 990, Part VI, Line 19 Required documents available to the public TDF'S FINANCIAL STATEMENTS AND FORM(S) 990 CAN BE FOUND ON TDF'S WEBSITE. Form 990, Part VIII, Line 2f Other Program Service Revenue OTHER - Total Revenue: 457622, Related or Exempt Function Revenue: 457622, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances PENSION-RELATED CHANGES OTHER THAN PERIODIC PENSION COST - 390355; Total - 390355;