2012-05-15T13:41:08-05:00 2011-06-30 MBAF CPAS LLC 440 PARK AVE SOUTH-5TH FL NEW YORK NY 10016 990 2010-07-01 237086643 MANHATTAN THEATRE CLUB INC MANH 2123993000 311 WEST 43RD STREET NEW YORK NY 10036 BARRY GROVE 2123993000 2012-05-15 1 2125761400 2010 2016-02-24 21:20:13Z BARRY GROVE 311 WEST 43RD STREET NEW YORK NY 10036 21330910 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 37 533 141 0 0 7619486 8235702 11474009 12126529 147875 298738 26622 -40227 19267992 20620742 0 0 0 0 10936485 10964414 8000 0 1643554 9093184 8626873 20037669 19591287 -769677 1029455 39485199 41717163 3701280 4989751 35783919 36727412 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 14975761 12129374 THEATRE PRODUCTION: FOR 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. 1044108 152072 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. 435563 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. 16455432 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 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 0 1 124 0 1 533 1 0 0 0 0 0 1 1 0 0 X 43 37 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 1 1 NY X JESSICA ADLER 2123993000 311 WEST 43RD STREET NEW YORK NY 10036 CAROLYN MEADOW 40.00 X X 411482 355 16477 BARRY GROVE 40.00 X X 381746 12340 42282 DAVID C HODGSON 2.00 X X 0 0 0 BETHANY MILLARD 1.00 X X 0 0 0 W GREGG SLAGER 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 CHRISTINE BARANSKI 0.50 X 0 0 0 JOHN LEE BEATTY 0.50 X 9365 0 2539 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 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 DIANE MCCARTHY 0.50 X 0 0 0 MATTHEW M MCKENNA 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 TOM SECUNDA 0.50 X 0 0 0 ROBERT H SINCLAIR 0.50 X 0 0 0 JEFFREY A SINE 0.50 X 0 0 0 PETER J SOLOMON 0.50 X 0 0 0 MICHAEL A STEINBERG 0.50 X 0 0 0 SHARON SULLIVAN 0.50 X 0 0 0 MASAKI TACHIBANA 0.50 X 0 0 0 JUDY TATE 0.50 X 17960 0 0 LISA TOWBIN 0.50 X 0 0 0 CHARLYANCE WOODARD 0.50 X 0 0 0 JACK YANG 0.50 X 0 0 0 FLORENCE SEERY 40.00 X 148881 2249 32305 JEFFREY A BLEDSOE 40.00 X 104728 771 22882 AMANDA S GREENFIELD 40.00 X 143887 1461 3929 JERRY E PATCH 40.00 X 145147 0 3922 GEORGE TETLOW 40.00 X 129170 0 7796 NANCY PICCIONE 40.00 X 122070 1185 7796 TIMOTHY WALTERS 40.00 X 118403 0 26747 1732839 18361 166675 11 0 1 0 SPOTCO 512 SEVENTH AVE 2ND FLOOR NEW YORK NY 10018 ADVERTISING 2140464 HUDSON SCENIC STUDIO INC 130 FERNBROOK ST YONKERS NY 10705 SCENIC CONSTRUCTION 383801 ENERTEX MARKETING 99 MADISON AVE NEW YORK NY 10016 MARKETING SERVICES 154963 BONEAUBRYAN-BROWN 1501 BROADWAY 1314 NEW YORK NY 10036 PRESS AND PROMOTION 131140 RELIABLE CLEANING INC 57 RUSSELL RD GARDEN CITY NY 11530 CLEANING SERVICES 128027 6 1786508 634978 5814216 37203 8235702 TICKET SALES 711110 11247614 11247614 FACILITIES INCOME 711110 570023 570023 ROYALTIES & RIGHTS 711110 156820 156820 EDUCATION PROGRAM 611600 152072 152072 12126529 302906 302906 295444 299612 -4168 -4168 -4168 211244 1786508 410556 -199312 -199312 MISC INCOME 711110 159085 159085 159085 20620742 12281446 0 103594 1157953 646374 292020 219559 7780205 6681058 568256 530891 405615 367194 16466 21955 927888 805060 65302 57526 692753 556134 73962 62657 85128 60402 24726 98328 98328 360 360 39228 8124 31104 3233201 2713713 519488 317855 80745 153415 83695 2122233 1973853 98920 49460 43649 35945 7704 839276 807887 20926 10463 THEATRICAL MATERIALS 1212998 1212998 SUBSCRIPTION CAMPAIGN 441967 428708 13259 PRINTING AND PUBLICATIO 113103 84501 28602 DUES AND PUBLICATION 53192 53192 POSTAGE 26355 860 10960 14535 19591287 16455432 1492301 1643554 1657858 6176473 1917410 2914242 70480 32463 316939 671071 32146154 7772510 25026820 24373644 9865299 7186090 0 630393 363180 39485199 41717163 757458 1441283 2737435 3434683 206387 113785 3701280 4989751 X 33025726 33089790 1093735 1973164 1664458 1664458 35783919 36727412 39485199 41717163 X 1029455 -85962 X X 0 1 1 X 0 X 9495873 11267344 18375205 7619486 8370049 55127957 11072978 9745814 9141081 10332740 11399686 51692299 20568851 21013158 27516286 17952226 19769735 106820256 378824 2947866 489400 581150 502954 4900194 0 378824 2947866 489400 581150 502954 4900194 101920062 4364011 1968157 1117746 1321975 726843 9498732 4364011 1968157 1117746 1321975 726843 9498732 374911 65928 101788 105233 159085 806945 25307773 23047243 28735820 19379434 20655663 117125933 0.87020 0.85830 0.08110 0.09540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 360 360 19553357 19553717 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 36000 23196 15 360 59571 250000 250000 250000 250000 1000000 1500000 10326281 999519 212776 -212776 11325800 10065050 263331 2100 10326281 1843134 12000000 3778084 10065050 0.85000 0.15000 0 0 3064351 3064351 21924271 1984727 19939544 5265763 4142435 1123328 1560490 1377533 182957 331279 267815 63464 24373644 LONG-TERM LEASE ACCRUALS 113785 113785 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES 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. 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 MTC WILL REALIZE ALL TAX BENEFITS. SPRING GALA 1213379 1118420 94959 92141 108000 17626 WINTER BENEFIT 682850 621600 61250 68147 45614 21955 21 101523 46488 55035 57083 1997752 1786508 211244 160288 210697 39581 410566 -199322 X X X X 0 1 0 0 0 0 0 0 0 CAROLYN MEADOW 358709 355 0 0 52773 0 0 0 16477 0 427959 355 0 0 BARRY GROVE 328875 12340 0 0 52871 0 0 0 42282 0 424028 12340 0 0 FLORENCE SEERY 148701 2249 0 0 180 0 0 0 32305 0 181186 2249 0 0 EQUITY LEAGUE HEALTH & PENSION FUND OFFICER - TRUSTEE 213299 PAYMENTS MADE BY MTC TO THE EQUITY-LEAGUE HEALTH & PENSION FUNDS TO FULFILL OBLIGATIONS UNDER LORT-EQUITY COLLECTIVE BARGAINING AGREEMENT. BARRY GROVE SERVES AS AN UNPAID MANAGEMENT TRUSTEE FOR THE FUNDS AND AS AN OFFICER OF MTC. 0 0 0 X 509 COMPARATIVE PRICING X 13 55551 FAIR MARKET VALUE X 3 36580 COMPARATIVE PRICING X COMPUTER EQUIPMENT 2 2405 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 COMMITTEES AND THE CHAIRMAN, AND TREASURER OF THE BOARD. IN ADDITION, THE DOCUMENT IS DISTRIBUTED TO THE MEMBERS OF FINANCE AND AUDIT COMMITTEES FOR COMMENTS AND QUESTIONS. ADDITIONALLY, MTC WILL IMPLEMENT A PROCEDURE TO SHARE THE FORM 990 WITH ALL MEMBERS OF THE BOARD STARTING WITH THE 2011 FORM 990. FORM 990, PART VI, SECTION B, LINE 12C 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -85,962. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART VI, SECTION B, LINE 14: MTC IS IN THE PROCESS OF WRITING AND APPROVING A DOCUMENTATION RETENTION POLICY, AND THE POLICY WILL BE IN PLACE BY JUNE 30, 2012. MTC PRODUCTIONS INC 311 WEST 43RD STREET NEW YORK NY 10036 133636769 THEATRE PRODUCTION NY MANHATTAN THEATRE CLUB INC C -142810 20790 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 MTC PRODUCTIONS INC N 104485 ALLOCATED COMPENSATION MTC PRODUCTIONS INC P 58796 ALLOCATED COMPENSATION MTC PRODUCTIONS INC K 5000 ACTUAL EXPENSE INCURRED