TCG Bulletin

May 2008, Volume 31, Issue 5

MANAGEMENT & RESEARCH

New Report on Not-for-Profit Governance
New Report on Off-Off Broadway Budgets

New Report on Not-for-Profit Governance

The National Board Governance Survey for Not-for-Profit Organizations, recently released by the accounting firm Grant Thornton LLP, finds that 56 percent of not-for-profit organizations require their board members to make an annual contribution, and that the size of the annual gift correlates roughly with the organization’s budget size. Since 2003, the inaugural year of the National Board Governance Survey, there has been an increase of 67 percent in the number of not-for-profit organizations adopting governance policies to conform to the Sarbanes-Oxley act. These policies include formal ethics policies and audit controls.

Action: Visit the Grant Thornton LLP website to download a free copy of the report. Visit the Centerpiece section of the TCG website for TCG’s Theatre Governing Boards Survey and Everything You Always Wanted to Know about Sarbanes-Oxley but Were Afraid to Ask.

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New Report on Off-Off Broadway Budgets

Statistical Analysis of Off-Off-Broadway Budgets, recently released by the New York Innovative Theatre Foundation, reports that Off-Off Broadway productions have an average production budget of $18,000, and that the most expensive budget item is typically rent, which can cost up to $4,000 per week. The report is the first to exclusively survey the finances of Off-Off Broadway. The Innovative Theatre Foundation is also currently conducting a demographic statistics survey for the artists working on Off-Off Broadway.