TWO RIVER THEATRE COMPANY INC Charity Report

Public IRS 990 nonprofit record

TWO RIVER THEATRE COMPANY INC

EIN 52-1857757 · Arts, Culture & Humanities (A650)

What they do

to CREATE GREAT AMERICAN THEATER BY DEVELOPING and PRODUCING NEW WORKS and WORLD MASTERPIECES THAT MOST RICHLY DIRECT OUR GAZE to THE LIFE of THE HUMAN SPIRIT. WE CULTIVATE AN AUDIENCE THAT CHERISHES THE INTIMATE JOY of THEATER, ENRICHED WHEN SHARED BY A COMMUNITY of OTHERS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $74.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

96.57%of revenue went to mission work74.0% of expenses · Program services

16.14%of revenue went to fundraising12.4% of expenses

$130.42spent for every $100 of revenueSpending was higher than revenue this year.

17.71%of revenue went to management and office costs13.6% of expenses

$14.67in assets for every $1 spent this yearSome assets cannot be spent right away.

39.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,133,306 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $249,723 for JUSTIN WALDMAN (ART DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,013,317

Mission workProgram services$6,772,67096.57% of revenue74.0% of expenses

ManagementOffice and general costs$1,241,89517.71% of revenue13.6% of expenses

FundraisingAsking for donations$1,132,05816.14% of revenue12.4% of expenses

Total expenses$9,146,623130.42% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 74.0% mission · 13.6% management · 12.4% fundraisingTotal expenses: 130.42% of revenue

2023Expense mix: 76.5% mission · 8.8% management · 14.7% fundraisingTotal expenses: 126.89% of revenue

2022Expense mix: 80.9% mission · 10.7% management · 8.5% fundraisingTotal expenses: 130.01% of revenue

2021Expense mix: 81.7% mission · 10.4% management · 7.9% fundraisingTotal expenses: 87.86% of revenue

2020Expense mix: 68.2% mission · 22.7% management · 9.1% fundraisingTotal expenses: 139.96% of revenue

2019Expense mix: 76.1% mission · 15.7% management · 8.2% fundraisingTotal expenses: 273.04% of revenue

2018Expense mix: 83.3% mission · 8.8% management · 7.9% fundraisingTotal expenses: 47.89% of revenue

2017Expense mix: 83.0% mission · 9.0% management · 8.0% fundraisingTotal expenses: 50.05% of revenue

Money in and money out

Revenue$7,013,317

Expenses$9,146,623

Annual shortfall $2,133,306 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,772,670 · 74.0% of expenses

Management and office costs$1,241,895 · 13.6% of expenses

Fundraising$1,132,058 · 12.4% of expenses

See all reported dollar amounts

Revenue$7,013,317

Expenses$9,146,623

Assets$134,167,471

Income$14,625,981

Contributions$2,774,938

Mission work (program services)$6,772,670

Fundraising$1,132,058

Grants given$111,540

Average grant$22,308

Management and general$1,241,895

Stocks and bonds$1,672,837

Accounting fees$57,800

Investing fees$150,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JUSTIN WALDMANART DIRECTOR · 40 hrs/week $249,723Base $238,000 · Other $11,723

NORA DEVEAU-ROSENMANAGING DIRECTOR · 40 hrs/week $248,897Base $238,000 · Other $10,897

LAUREN N KELLYPRODUCING DIRECTOR · 40 hrs/week $129,606Base $112,844 · Other $16,762

RIVAS MEGAN EDIRECTOR OF DEVELOPMENT · 40 hrs/week $125,373Base $114,474 · Other $10,899

MAYA GEORGEDIRECTOR OF FINANCE · 40 hrs/week $114,158Base $102,351 · Other $11,807

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

JUSTIN WALDMANART DIRECTOR

NORA DEVEAU-ROSENMANAGING DIRECTOR

LAUREN N KELLYPRODUCING DIRECTOR

RIVAS MEGAN EDIRECTOR OF DEVELOPMENT

MAYA GEORGEDIRECTOR OF FINANCE

TONY MENESESBOARD MEMBER

ADAM RECHNITZBOARD MEMBER

SUSAN WHYMANBOARD MEMBER

SAMUEL G HUBERCO-VICE PRESIDENT

RICHARD WORLEYBOARD MEMBER

MARY CAROL STUNKELBOARD MEMBER

MARILYN BROEGECO-VICE PRESIDENT

LAUREN NICOSIABOARD MEMBER

KENNY KINGBOARD MEMBER

JOANNE SPEARSBOARD MEMBER

JOAN RECHNITZBOARD MEMBER

GEOFFREY SADWITHSECRETARY

ELIZABETH COLUMBOBOARD MEMBER

EDWARD MCKENNAPRESIDENT

DR ANN BAGCHIBOARD MEMBER

DELISHA GRANTBOARD MEMBER

CRYSTAL DICKINSONBOARD MEMBER

CATHY PUGLIESE-SIVOBOARD MEMBER

BRIAN LEDDINBOARD MEMBER

ANNE MARIE SCHULTZTREASURER

AMANDA BUTTERBAUGHBOARD MEMBER

About this charity

Recognized since: January 1994
Location: 21 BRIDGE AVE, RED BANK, NJ 07701-1105
County: Monmouth
In care of: % MAYA GEORGE
Primary officer: NORA DEVEAU-ROSEN, MANAGING DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailinfo@trtc.org Phone(732) 345-1400

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: MERCADIEN PC
NTEE classification: Arts, Culture & Humanities (A650)
Grant-giving organization: Yes