| Here Lies Love to returning in March | |
| Posted by: | dlevy 11:57 am EST 01/21/14 |
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| As reported on Maxamoo.com, it's coming back to the Public, for an open-ended run in the same space it previously occupied, only with a retooled production. Cast recording coming on Nonesuch with seven new songs and a shmancy booklet. | |
| Link | Here Lies Love returns |
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| re: Here Lies Love to returning in March | |
| Posted by: | FinalPerformance 01:00 pm EST 01/21/14 |
| In reply to: | Here Lies Love to returning in March - dlevy 11:57 am EST 01/21/14 |
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| Good news indeed. I will see it again. | |
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| re: Here Lies Love to returning in March | |
| Posted by: | lowwriter 12:18 pm EST 01/21/14 |
| In reply to: | Here Lies Love to returning in March - dlevy 11:57 am EST 01/21/14 |
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| Without saying too much, I believe this is not being produced now by the Public even though it is housed there. I'm excited about the recording! | |
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| re: Here Lies Love to returning in March | |
| Posted by: | Michael_Portantiere 01:51 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - lowwriter 12:18 pm EST 01/21/14 |
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| "Without saying too much, I believe this is not being produced now by the Public even though it is housed there. I'm excited about the recording!" If what you say is true, would this be the first time a commercial production played at the Public? And would that not present any issues in terms of the theater's not-for-profit status? | |
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| re: Here Lies Love to returning in March | |
| Posted by: | ryhog 04:02 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - Michael_Portantiere 01:51 pm EST 01/21/14 |
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| First of all, I do not think that this will be a straight rental; I believe the comment simply means that there is commercial participation putting up the money (something that happens very often, e.g., at LCT). Secondly, if it were a straight rental, that does not have any effect of the NFP status. NFP's can and frequently do engage in profit making enterprises. The only issue is that they may have to pay tax on the income. But I suspect that this will be structured in such a way that they do not. I am trying to think of an example of the Public renting out space for a commercial production, and I come up empty. Obviously, many other NFP's do it all the time. | |
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| per the times | |
| Posted by: | ryhog 07:52 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - ryhog 04:02 pm EST 01/21/14 |
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| so it IS a straight rental, and there is a precedent for the Public doing a straight rental. | |
| Link | Times |
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| re: Here Lies Love to returning in March | |
| Posted by: | Singapore/Fling 03:06 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - Michael_Portantiere 01:51 pm EST 01/21/14 |
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| Being non-profit doesn't mean that you can't do things to make money (look at Joe's Pub for a profit venture within the Public), it just means that you can't turn a profit - all money must go back into the theatre or its endowment. And considering that the Public was under capitalized for its renovation and in quite a bit of debt, as well as its ongoing super-ambitious intitiatives, this is potentially one of the best uses of their spaces to make them some stable rent money. | |
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| re: Here Lies Love to returning in March | |
| Posted by: | FrenchDip 01:55 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - Michael_Portantiere 01:51 pm EST 01/21/14 |
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| Roundabout has rented out the Sondheim to commercial producers without issue - why would it be a problem for the Public? | |
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| re: Here Lies Love to returning in March | |
| Posted by: | StageLover 02:17 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - FrenchDip 01:55 pm EST 01/21/14 |
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| The Roundabout does not own the Sondheim. They only manage it. | |
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| re: Here Lies Love to returning in March | |
| Posted by: | MikeR 01:54 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - Michael_Portantiere 01:51 pm EST 01/21/14 |
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| >And would that not present any issues in terms of the theater's not-for-profit status? Would that be any different from Roundabout renting out the Sondheim for commercial productions? | |
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| re: Here Lies Love to returning in March | |
| Posted by: | Michael_Portantiere 02:06 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - MikeR 01:54 pm EST 01/21/14 |
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| Good point. I assume the commercial productions that play at the Sondheim are production contract shows rather than operating under the Roundabout's LORT contracts with lower pay scales. It had never actually occurred to me that it might be a problem for the nonprofit Roundabout to purchase (or take a lease on) a theater and then rent it out for commercial productions, but now that you mention it, I wonder why it isn't a problem. Maybe they have to follow some restrictions, maybe it affects their taxes, and so on. Anyone? | |
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| re: Here Lies Love to returning in March | |
| Posted by: | sirpupnyc 02:48 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - Michael_Portantiere 02:06 pm EST 01/21/14 |
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| More appropriate examples than the managed-not-owned Sondheim: Playwrights Horizons will rent their spaces to commercial productions, currently Craving for Travel upstairs. The Soul Doctor tryout at NYTW was a commercial rental. Nothing to Hide, just ended at Signature Center, was a commercial rental. Generally these sorts of things state very clearly that they're not a production of the theatre-owning company, sometimes also with a note that the rental revenues go to furthering the company's mission. | |
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| The issue is not generating a profit ... | |
| Posted by: | indytallguy 05:30 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - sirpupnyc 02:48 pm EST 01/21/14 |
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| Good nonprofits do (and should) generate excess revenues in order to find mission-related work. UBIT, unrelated business income tax) kicks in when a nonprofit generates profits from ventures that the IRS deems not mission-related as Michael_Portantiere noted in one of his replies. I'm not up enough on the nuances of UBIT to know if a commercial rental would trigger it. It might in that I have nonprofit clients who pay UBIT on portions of their office space that they sublet to other organizations. | |
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| re: Here Lies Love to returning in March | |
| Posted by: | Singapore/Fling 03:27 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - sirpupnyc 02:48 pm EST 01/21/14 |
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| Signature Center seems to use that third space primarily for outside rentals. | |
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| re: Here Lies Love to returning in March | |
| Posted by: | bwaydiva1 12:56 pm EST 01/21/14 |
| In reply to: | re: Here Lies Love to returning in March - lowwriter 12:18 pm EST 01/21/14 |
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| So that means those of us who are members of the Public won't get access to tix ahead of time or anything? | |
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