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Prospect Theater Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 582400427 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Prospect Theater Company Inc?

Prospect Theater Company Inc, situated in New York, New York, is a vibrant nonprofit organization dedicated to nurturing and showcasing emerging musical talents. They actively develop and produce new works, enabling up-and-coming artists to bring their visions to life. The company's mission extends beyond creation, providing educational and training opportunities to further foster growth in the field. Prospect Theater Company Inc also maintains a supportive network within the industry and serves as a platform for artists and audiences to engage and learn from one another. Recently, they showcased a song cycle production, "NOTES FROM NOW," at 59E59 Theater A, which attracted over 2100 attendees during its 19 performances. The company, with a workforce of 44 dedicated individuals, is based at 520 Eighth Avenue in New York City. Their mission statement, as mentioned in the information, is "Prospect is dedicated to fostering and showcasing today's new voices shaping tomorrow's 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."


Official website here: www.prospecttheater.org

Is Prospect Theater Company Inc legitimate?

Prospect Theater Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospect Theater Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $58,822
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,800

For more financial information, click here


Official website here: www.prospecttheater.org

What is the mission statement of Prospect Theater Company Inc?

Prospect Theater Company Inc is committed to nurturing and showcasing emerging talents shaping the future of musical theater. They specialize in developing and producing new works, overseen by budding artists. The organization offers educational and training opportunities, fostering a supportive environment within the field. Prospect Theater Company Inc also maintains a network within the industry, providing a platform for artists and audiences to engage and learn from each other.


Official website here: www.prospecttheater.org

Who is the CEO of Prospect Theater Company Inc?

Melissa Huber is the Board Member/Producing Artistic Director of Prospect Theater Company Inc.


Official website here: www.prospecttheater.org

What is the revenue of Prospect Theater Company Inc?

Prospect Theater Company Inc's revenue in 2022 was $516,430.


Official website here: www.prospecttheater.org

Who are the executives of Prospect Theater Company Inc and what are their salaries?

The average compensation at Prospect Theater Company Inc during 2022 was $3,946. There are 44 employees and 10 volunteers at Prospect Theater Company Inc.

Here are 13 key members and their salaries:

    Cara Reichel (Board Member/Producing Artistic Director)
  • Compensation: $35,542
  • Related: $0
  • Other: $0

    • Melissa Huber (Board Member/Managing Director)
  • Compensation: $24,017
  • Related: $0
  • Other: $0

    • Jesse Kearney (President) [Trustee/Director]
  • Compensation: $3,333
  • Related: $0
  • Other: $0

    • Peter Mills (Board Member) [Trustee/Director]
  • Compensation: $1,500
  • Related: $0
  • Other: $0

    • Tira Harpaz (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kyle Burkhardt (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jane Abramson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephanie Grayson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Gurman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Milberg (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Miller (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Valles (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Ma (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.prospecttheater.org

    Where can I find the form 990 for Prospect Theater Company Inc?

    The Prospect Theater Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.prospecttheater.org

    Learn more at the official website: www.prospecttheater.org

    Mission Statement of Prospect Theater Company Inc

    Prospect Theater Company Inc is committed to nurturing and showcasing the emerging talents shaping the future of musicals. This nonprofit organization focuses on developing and producing new works, spearheaded by budding artists. Prospect Theatre Company fosters an environment that encourages learning and growth, providing educational and training opportunities for aspiring artists. The company also works to establish a supportive network within the field, offering a platform for artists and audiences to engage and learn from one another. In essence, Prospect Theater Company Inc serves as a hub for the cultivation of tomorrow's musical theatre pioneers.

    Impact

    This information is meant to be a general summary of Prospect Theater Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Prospect Theater Company Inc's impact lies in fostering and showcasing today's new voices shaping tomorrow's musicals. By developing and producing new works envisioned and implemented by emerging artists, Prospect is instrumental in pushing the boundaries of musical theater and providing a platform for fresh and diverse perspectives. Through educational and training opportunities, sustaining a supportive network within the field, and creating a forum for artists and audiences to connect and learn from each other, Prospect contributes significantly to the growth and evolution of the arts scene. With initiatives like the production "Notes From Now," featuring a song cycle of commissioned works by various talented individuals, Prospect Theater Company Inc continues to enrich the cultural landscape in New York City and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $64,535
  • Gross Receipts: $540,992

    • Assets and Liabilities:
  • Total Assets: $167,991
  • Total Liabilities: $11,308
  • Net Assets: $156,683
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONTRACTED SERVICES

    Revenue

    $21,500

    TICKET SALES

    Revenue

    $43,035

    Organization Details

    Founding Year

    1998

    Principal Officer

    Melissa Huber

    Main Address

    520 EIGHTH AVE 3 FL, NEW YORK, NY, 10018

    NTEE Category

    Code: A650 - Arts

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