2025-01-31T13:06:00-08:00 2024-08-31 202747426 RICH AND BANDER LLP 79 Madison Avenue 2nd Floor New York NY 10016 990 2023-09-01 582400427 PROSPECT THEATER COMPANY INC PROS 2125944476 520 EIGHTH AVE 3 FL NEW YORK NY 10018 MELISSA HUBER MANAGING DIRECTOR 2125944476 2025-01-31 true true JONATHAN A BANDER P00561220 2126842470 2025-01-31 X 2023 2025-03-06 01:10:19Z PROSPECT MUSICALS MELISSA HUBER 520 EIGHTH AVE 3 FL NEW YORK NY 10018 760174 false X WWW.PROSPECTMUSICALS.ORG X 1998 NY SEE PART III, LINE 1 ON NEXT PAGE. 14 11 50 4 0 0 351068 497519 165933 260130 0 -22774 2525 494227 760174 0 0 251424 216334 0 37428 400775 271339 652199 487673 -157972 272501 57456 376448 58745 105236 -1289 271212 X PROSPECT IS DEDICATED TO FOSTERING AND SHOWCASING TODAYS NEW VOICES SHAPING TOMORROWS 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. false false 244978 0 244564 THE HELLO GIRLS: Music & Lyrics by Peter Mills Book by Peter Mills & Cara Reichel A production of a musical theater work presented at the Kennedy Center Terrace Theater, in concert at the Willard Hotel, and in concert at Symphony Space in May 2024. 4 performances with 500 attendees at Washington DC and 497 attendees in New York 29904 0 3761 ANNUAL MUSICAL THEATER LAB: POTLUCK Written by: Thani Brant, Rachel Covey, Troy Defour & Sean Havrilla; Dylan Glatthorn & Will Lacker; Allison Light & Lorrie Doriza; Divya Mangwani & Tidtaya Sinutoke; Nygel Robinson & Krystal Ortiz; Dylan Schifrin, Will Shishmanian & Brooke Trumm Performed on November 16, 2023 with 1 performance and 374 Attendees 25114 0 8692 BAKED! The Musical in Concert Book, music and lyrics by Jord Liu & Deepak Kumar A Concert of the New Musical presented by Prospects IGNITE Series in partnership with National Asian Artists Project Performed on October 2, 2023 with 1 performance and 273 Attendees 54565 0 3113 NEW MUSICAL MIXTAPE - A concert presented in partnership with the Latine Musical Theatre Lab, 1st look at new musicals written by the Labs Julia de Burgos Cohort Performed on January 22, 2024 2 performances and 208 Attendance; UNTITLED YUKON GOLD RUSH MUSICAL By Bandits on the Run - Commission & Development of a new musical about the Gold Rush in the Yukon; and THE TROUPE By Peter Mills & Cara Reichel - Development of a new musical with a residency offered in partnership with the Goodwill Theatre in Binghamton, NY 54565 0 3113 354561 true true false false false false false false false false false false false true true true true false false false 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 false false true 47 0 true 50 true false false false false false true true false false false false false false false false false X 14 11 true false false false false false false true true false false false true true true true false true true false NY GA X X MELISSA HUBER 2125944476 520 EIGHTH AVE 3 FL STE 307 NEW YORK NY 10018 CARA REICHEL BOARD MEMBER/PRODUCING ARTISTIC DIRECTOR 40.00 X X 36527 0 0 MELISSA HUBER BOARD MEMBER/MANAGING DIRECTOR 30.00 X X 31262 0 0 JESSE KEARNEY PRESIDENT 5.00 X X 0 0 0 TIRA HARPAZ VICE PRESIDENT 5.00 X X 0 0 0 KYLE BURKHARDT TREASURER 5.00 X X 0 0 0 JANE ABRAMSON SECRETARY 5.00 X X 0 0 0 JULIE MILLER BOARD MEMBER 5.00 X 0 0 0 TONY VALLES BOARD MEMBER 5.00 X 0 0 0 PETER MILLS BOARD MEMBER 5.00 X 0 0 0 JASON MA BOARD MEMBER 5.00 X 0 0 0 SOPHIE GANDLER BOARD MEMBER 5.00 X 0 0 0 KARIN KAWAMOTO BOARD MEMBER 5.00 X 0 0 0 CAROLINE EBER BOARD MEMBER 5.00 X 0 0 0 ROBERT GURMAN BOARD MEMBER 5.00 X 0 0 0 67789 0 0 false false false 18687 105030 373802 497519 CONTRACTED SERVICES 900099 233228 0 0 TICKET SALES 900099 26902 0 0 260130 505 0 0 505 MISCELLANEOUS INCOME 711110 2020 2020 0 0 2020 760174 262150 0 505 76298 30115 25905 20278 102173 89377 7085 5711 6333 2500 2150 1683 15057 10081 2783 2193 16473 11030 3045 2398 9000 0 9000 0 69359 69359 0 0 10509 6420 4089 0 1833 0 1833 0 58280 36296 21984 0 12758 12758 0 0 14972 10024 2768 2180 TICKETING FEES 2113 2113 0 0 PRODUCTION 65954 65954 0 0 PUBLIC RELATIONS 5000 0 5000 0 PAYROLL PROCESSING FEES 3818 2556 706 556 17743 5978 9336 2429 487673 354561 95684 37428 13339 242003 15687 61562 2424 4810 32866 21196 40017 57456 376448 58745 37601 17375 50260 58745 105236 X -1289 64484 206728 -1289 271212 57456 376448 272501 X false true X false false X 0 291961 361726 440616 351068 497519 1942890 0 0 291961 361726 440616 351068 497519 1942890 330219 1612671 1620 1080 505 3205 0 0 1946095 803762 0.82870 0.82350 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED SECURITY DEPOSITS 40017 40017 ADVANCES FROM A CUSTOMER 50260 50260 X 760174 760174 760174 487673 487673 487673 Pt X, Line 2 THE ORGANIZATION HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF AUGUST 31, 2024, THE ORGANIZATION DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. FY25 GALA 18687 18687 0 18687 18687 0 0 Pt VI, Line 2 CARA REICHEL AND PETER MILLS ARE MARRIED. Pt VI, Line 11b THE BOARD REVIEWS THE ANNUAL 990 DURING A MEETING. Pt VI, Line 15a THE BOARD APPROVES COMPENSATION OF EXECUTIVE LEADERSHIP. Pt VI, Line 15b THE BOARD APPROVES COMPENSATION OF EXECUTIVE LEADERSHIP. Pt VI, Line 19 ALL GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. Pt VI, Line 12c CONFLICTS OF INTEREST ARE DISCLOSED ON AN ANNUAL BASIS, AS WELL AS WHEN THEY ARISE. TYPICALLY ANY NEW ISSUES ARE DISCUSSED IN DEPTH AS THE BUDGET APPROVAL PROCESS PROGRESSES IN SPRING AND SUMMER. THREE OFFICERS ARE ALSO CREATORS OF NEW MUSICAL THEATER WORKS. AS SUCH, CONTRACT NEGOTIATIONS TO LICENSE THEIR WORK ARE CONDUCTED BY THE MANAGING DIRECTOR AS IS TYPICAL IN THE INDUSTRY. Form 990, Part III, Line 4d NEW MUSICAL MIXTAPE - A concert presented in partnership with the Latine Musical Theatre 54565. 0. 3113. Form 990, Part IX, Line 11g ARTISTIC, MUSIC AND OTHER FEES 69359. 69359. 0. 0.