Two River Theatre Company
74% goes to programs $41 to raise $100 Strong reserves Declining revenue
Two River Theatre Company is a 501(c)(3) organization based in Red Bank, New Jersey, registered in 1994, with $7,013,317 in FY2024 revenue. CharityIndex grades it C+, and it directs about 74% of spending to programs.
21 Bridge Ave, Red Bank, NJ, 07701 EIN 52-1857757 Since 1994
Revenue (FY2024)
$7.0M
▲ 3.9% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$9.1M
Net assets
$133.1M
Employees
255
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →BProgram efficiency40% of the rating74% to programs · $41 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Two River Theatre Company: 74% to programs · $41 to raise $100 earns a B on this criterion. See the exact thresholds →
DFinancial health25% of the rating175 mo reserves · -30% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Two River Theatre Company: 175 mo reserves · -30% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Two River Theatre Company: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Two River Theatre Company: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To create great american theater by developing and producing new works and world masterpieces. we cultivate an audience that cherishes the intimate joy of theater, enriched when shared by a community of others.
What they do
Two river's arts education programs introduce people of all ages to theater and cultivate a new generation of theatergoers. utilizing arts practice and arts exposure, initiatives include: community playmaking: a new joint initiative with project write now that fosters creativity and connection within our local community; a little shakes: an abridged shakespeare play, performed by high schoolers; metro scholars: a year-long program for high schoolers to learn the operations of a theater through workshops, performances and assistantship; summer intensives: a multi-week camp where students create and perform a show in one week; student matinees & have a seat: free tickets and transport to a trt show; play date: free childcare and discount tickets for caretakers; the art of social justice: free workshops that support conversations about race through art; sensory inclusive shows: shows created to welcome people on the spectrum; emerging professionals: a workforce development program that serves as an incubator for early-career theater professionals, and; bilingual workforce development program: in partnership with the count basie center for the arts, this program develops employment readiness skills and provides jobs to local spanish-speaking adults ages 16+.
Two river significantly invests into artistic activities to champion the next voices in the through new play development. each year, we produce 4-6 artistic development workshops; host writers' retreats with our regional theater partners; commission at least one to two playwrights each season; and produce crossing borders/cruzando fronteras festival, a free public event that features free play readings and live music by latine artists. since 2010, we have produced the world or american premieres of 23 plays and musicals, 8 of which were two river commissions. commissions in development include plays and musicals by christopher anselmo & jared corak, ngozi anyanwu, jaclyn backhaus, jessica hagedorn, joe iconis, james ijames, eliana pipes, and christina pumariega.
Contact & location
- Address
- 21 Bridge Ave, Red Bank, NJ, 07701
- City
- Red Bank
- State
- New Jersey
- Category
- Arts, Culture & Humanities
- Subcategory
- Performing Arts
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $5.3M (FY2013) to $7.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1MNet assets $133.1M
Operating margin
-30.4%
Spent more than it raised in the latest fiscal year.
Total assets
$134.2M
Total liabilities
$1.1M
Net assets
$133.1M
Salaries & benefits
$4.4M
48% of expenses
Board members
21
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,013,317▲3.9% | $9,146,623▲6.7% | $133,112,281▲5.9% | $134,167,471▲5.9% | 990 |
| 2023 | $6,752,957▲10.3% | $8,568,853▲7.6% | $125,677,638▲6.7% | $126,664,539▲6.8% | 990 |
| 2022 | $6,124,532▼29.9% | $7,962,283▲3.8% | $117,813,611 | $118,563,924▲0.1% | 990 |
| 2021 | $8,730,887▲107% | $7,670,730▲30.0% | $117,824,383▼8.1% | $118,390,467▼8.7% | 990 |
| 2020 | $4,214,788▲65.5% | $5,898,858▼15.2% | $128,251,623▲25.9% | $129,619,755▲25.6% | 990 |
| 2019 | $2,546,861▼83.8% | $6,953,895▼7.7% | $101,836,667▼5.9% | $103,197,018▼6.8% | 990 |
| 2018 | $15,738,092▲19.4% | $7,537,047▲14.2% | $108,205,342▲9.2% | $110,777,215▲10.7% | 990 |
| 2017 | $13,181,968▲61.4% | $6,597,456▲3.9% | $99,116,234▲8.8% | $100,097,212▲8.7% | 990 |
| 2016 | $8,164,937▼88.2% | $6,348,940▲6.0% | $91,134,537▲6.0% | $92,076,510▲6.0% | 990 |
| 2015 | $69,151,689▲1141% | $5,988,544▼1.7% | $86,015,013▲320% | $86,829,201▲308% | 990 |
| 2014 | $5,572,542▲4.5% | $6,094,996▲2.7% | $20,464,895▼2.5% | $21,297,514▼1.8% | 990 |
| 2013 | $5,331,517 | $5,932,672▼0.5% | $20,988,902▼2.8% | $21,696,014▼2.9% | 990 |
| 2012 | — | $5,959,913▲3.7% | $21,582,812▼3.1% | $22,343,009▼2.9% | 990 |
| 2011 | — | $5,746,900▲20.3% | $22,263,696▼2.6% | $23,001,243▼2.5% | 990 |
| 2010 | — | $4,776,107▲11.4% | $22,848,603▼2.7% | $23,581,810▼2.0% | 990 |
| 2009 | — | $4,286,976 | $23,492,647 | $24,070,476 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Justin Waldman — $238,000 (2.60% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Justin Waldman | Art Director | 40 | $238,000 |
| Nora Deveau-rosen | Managing Director | 40 | $238,000 |
| Rivas Megan E | Director of Development | 40 | $114,474 |
| Lauren N Kelly | Producing Director | 40 | $112,844 |
| Maya George | Director of Finance | 40 | $102,351 |
| Adam Rechnitz | Board Member | 5 | — |
| Amanda Butterbaugh | Board Member | 5 | — |
| Anne Marie Schultz | Treasurer | 10 | — |
| Brian Leddin | Board Member | 5 | — |
| Cathy Pugliese-sivo | Board Member | 5 | — |
| Crystal Dickinson | Board Member | 5 | — |
| Delisha Grant | Board Member | 5 | — |
| Dr Ann Bagchi | Board Member | 5 | — |
| Edward Mckenna | President | 10 | — |
| Elizabeth Columbo | Board Member | 5 | — |
| Geoffrey Sadwith | Secretary | 10 | — |
| Joanne Spears | Board Member | 5 | — |
| Joan Rechnitz | Board Member | 5 | — |
| Kenny King | Board Member | 5 | — |
| Lauren Nicosia | Board Member | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cambridge Associates LLC | Investment Advisors | $150,000 |
Grants received · $65.5M total
75 grants to Two River Theatre Company totaling $65.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Kansas City Community Foundation | Arts & culture | 2024 | $751,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $135,000 |
| Hackensack Meridian Health Inc | Sponsorship | 2024 | $75,000 |
| Community Foundation of New Jersey | Performing arts & education | 2024 | $47,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Hackensack Meridian Health Inc | Sponsorship | 2023 | $70,000 |
| Hackensack Meridian Health Inc | Sponsorship | 2023 | $70,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $56,000 |
| Community Foundation of New Jersey | Unrestricted grant to support organization's exempt purpose | 2023 | $44,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $38,800 |
| American Online Giving Foundation Inc | General support | 2023 | $20,243 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $19,750 |
| Columbus Foundation | Arts and humanities | 2022 | $315,000 |
| Hackensack Meridian Health Inc | Subsidy sponsorship | 2022 | $60,000 |
Grants made · $112K in FY2020
5 grants totaling $112K in FY2020. All grants made by Two River Theatre Company →
| Recipient | Purpose | Amount |
|---|---|---|
| Audre Lorde Project Inc | Diverse programming | $22,308 |
| Global Concepts Charter School | Diverse programming | $22,308 |
| Neo Philanthropy Inc | Diverse programming | $22,308 |
| Pro-rads Inc | Diverse programming | $22,308 |
| The Actors Fund of America | Diverse programming | $22,308 |
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Frequently asked questions
- Is Two River Theatre Company a legitimate nonprofit?
- Yes. Two River Theatre Company is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1857757, based in Red Bank, New Jersey. Donations are tax-deductible.
- What is Two River Theatre Company's EIN?
- Two River Theatre Company's Employer Identification Number (EIN) is 52-1857757.
- How much revenue does Two River Theatre Company report?
- Two River Theatre Company reported $7,013,317 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Two River Theatre Company's spending goes to programs?
- Two River Theatre Company spends about 74% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Two River Theatre Company have?
- CharityIndex grades Two River Theatre Company C+, based on program efficiency and fundraising cost.
- How much does Two River Theatre Company's highest-paid employee make?
- The highest reported compensation on Two River Theatre Company's latest Form 990 is $238,000, paid to Justin Waldman (Art Director).
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Explore more
Data for Two River Theatre Company (EIN 52-1857757) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.