Totals
- Total revenue
- $1,457,298
- Total expenses
- $1,788,502
- Contributions and grants received
- $1,406,704
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $48,711
- Other revenue
- $1,883
- Total assets, end of year
- $12,501,097
- Total liabilities, end of year
- $3,700,167
- Net assets or fund balances, end of year
- $8,800,930
- Program services expenses (Part IX)
- $1,263,538
- Management and general expenses
- $100,995
- Fundraising expenses
- $423,969
- Program service expenses (Part III)
- $1,263,538
Program services were 70.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$429,500
-
1f · All other contributions, gifts and grants
$977,204
-
3 · Investment income
total $63,480 · excluded $63,480
-
7b · Less cost or other basis and sales expenses
other assets $14,769
-
7c · Gain or loss
other assets -$14,769
-
7d · Net gain or loss
total -$14,769 · excluded -$14,769
-
11d · All other revenue
total $1,883 · excluded $1,883
-
11e · Other revenue, total
$1,883
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $699,561 · program services $458,531 · management and general $34,454 · fundraising $206,576
-
8 · Pension plan contributions
total $8,986 · program services $5,889 · management and general $443 · fundraising $2,654
-
9 · Other employee benefits
total $66,426 · program services $43,539 · management and general $3,272 · fundraising $19,615
-
10 · Payroll taxes
total $53,054 · program services $34,775 · management and general $2,613 · fundraising $15,666
-
11b · Fees: legal
total $4,348 · management and general $4,348
-
11c · Fees: accounting
total $3,233 · management and general $3,233
-
11g · Fees: other
total $597,386 · program services $484,097 · management and general $46,780 · fundraising $66,509
-
12 · Advertising and promotion
total $35,498 · program services $35,095 · management and general $236 · fundraising $167
-
13 · Office expenses
total $75,861 · program services $44,151 · management and general $2,598 · fundraising $29,112
-
16 · Occupancy
total $6,133 · program services $3,946 · management and general $46 · fundraising $2,141
-
17 · Travel
total $2,887 · program services $1,145 · management and general $139 · fundraising $1,603
-
19 · Conferences, conventions and meetings
total $6,400 · program services $2,538 · management and general $308 · fundraising $3,554
-
20 · Interest
total $88,590 · program services $55,671 · management and general $553 · fundraising $32,366
-
22 · Depreciation, depletion and amortization
total $75,444 · program services $51,648 · management and general $512 · fundraising $23,284
-
23 · Insurance
total $156 · program services $107 · management and general $1 · fundraising $48
-
24a · Other expenses: LOCAL TAX ASSESSMENTS
total $26,985 · program services $26,985
-
24b · Other expenses: REPAIRS/MAINTENANCE
total $25,567 · program services $6,490 · fundraising $19,077
-
24c · Other expenses: FUNDRAISING EXPENSES
total $4,834 · program services $3,966 · management and general $855 · fundraising $13
-
24d · Other expenses: SECURITY
total $4,021 · program services $4,021
-
24e · All other expenses
total $3,132 · program services $944 · management and general $604 · fundraising $1,584
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $219,407 · end of year $69,731
-
3 · Pledges and grants receivable
beginning of year $549,226 · end of year $517,315
-
4 · Accounts receivable
beginning of year $461,465 · end of year $373,068
-
7 · Other notes and loans receivable
beginning of year $3,640,400 · end of year $3,640,400
-
9 · Prepaid expenses and deferred charges
beginning of year $141,869 · end of year $158,149
-
10a · Land, buildings and equipment: cost or other basis
$1,173,235
-
10b · Land, buildings and equipment: accumulated depreciation
$130,657
-
10c · Land, buildings and equipment, net
beginning of year $1,130,536 · end of year $1,042,578
-
11 · Investments: publicly traded securities
beginning of year $6,864 · end of year $243,405
-
12 · Investments: other securities
beginning of year $4,106,752 · end of year $4,139,713
-
15 · Other assets
beginning of year $2,286,624 · end of year $2,316,738
-
17 · Accounts payable and accrued expenses
beginning of year $472,343 · end of year $341,723
-
19 · Deferred revenue
beginning of year $81,242 · end of year $66,874
-
24 · Unsecured notes and loans payable
beginning of year $3,293,317 · end of year $3,089,378
-
25 · Other liabilities
beginning of year $208,949 · end of year $202,192
-
27 · Net assets without donor restrictions
beginning of year $8,868,603 · end of year $8,982,241
-
28 · Net assets with donor restrictions
beginning of year -$381,311 · end of year -$181,311
Mission and programs · 2023
Mission
TO CREATE MEANINGFUL THEATRE WITH AN AUTHENTIC LINK TO THE COMMUNITY IT SERVES.
Activities or mission (Part I)
TO CREATE MEANINGFUL THEATRE GENERATED BY AN AUTHENTIC LINK TO THE COMMUNITY IT SERVES.
-
THE PURPOSE OF CAPITAL REPERTORY THEATRE ("CRT") IS TO DEVELOP AND PROVIDE FOR THE RESTORATION OF AN HISTORIC VENUE FOR PRODUCING LIVE THEATRE, CULTURAL, EDUCATIONAL, AND COMMUNITY EVENTS, TO PROMOTE AND ENHANCE THE ECONOMIC VITALITY OF THE GREATER CAPITAL REGION, AND TO SERVE CITIZENS OF THAT AREA.
Expenses $1,263,538
As filed on the 2023 return.
Listed in Part VII
-
Peggy BeckerPEGGY BECKER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
William ChalmersWILLIAM CHALMERS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Stephen MadaraszSTEPHEN MADARASZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Michael WestMICHAEL WEST
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Frank WalshFRANK WALSH
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Carolyn AndersonCAROLYN ANDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Monice BarberoMONICE BARBERO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Martha D BrownMARTHA D BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard A CarlstromRICHARD A CARLSTROM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Albert DesalvoALBERT DESALVO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer DorseyJENNIFER DORSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
M Sherry GoldM SHERRY GOLD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Harold IselinHAROLD ISELIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bennett LiebmanBENNETT LIEBMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jim MillerJIM MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donna J PurnomoDONNA J PURNOMO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Debbie RatnerDEBBIE RATNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Howard ReadHOWARD READ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly Sanger JonesKIMBERLY SANGER JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott ShpeenSCOTT SHPEEN
TRUSTEE (UNTIL 01/18/23)
- Total calculated
- $0
- Hours/week
- 1
-
Vickie A SmithVICKIE A SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tamani WooleyTAMANI WOOLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip MorrisPHILIP MORRIS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $365,010
- From this org
- $0
- From related orgs
- $353,600
- Other
- $11,410
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $353,600 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,608 related
- Nontaxable benefits
- $0 + $802 related
- Filer's total
- $0 + $365,010 related
-
Christopher MustoCHRISTOPHER MUSTO
CHIEF FINANCIAL OFFICER
- Total calculated
- $127,821
- From this org
- $0
- From related orgs
- $121,317
- Other
- $6,504
- Hours/week
- 1 + 42 related
-
Maggie Mancinelli-CahillMAGGIE MANCINELLI-CAHILL
PRODUCING ARTISTIC DIRECTOR
- Total calculated
- $107,628
- From this org
- $102,570
- From related orgs
- $0
- Other
- $5,058
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART 1, LINE 3
- COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER IS SET BY ARTS CENTER & THEATRE OF SCHENECTADY, INC. ("ACTS"). THE EXECUTIVE COMMITTEE OF ACTS' BOARD REVIEWS YEARLY COMPENSATION OF THE CHIEF EXECUTIVE OFFICER BASED ON SERVICE AND THAT OF SIMILAR INSTITUTIONS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ARTS CENTER & THEATRE OF SCHENECTADY INC
501(C)(3) · PERFORMING ARTS CENTER · NY
-
501(C)(3) · COMMUNITY ART · NY
Directly controlled by ARTS CENTER & THEATRE OF SCHENECTADY INC
-
SARATOGA SPRINGS UNIVERSAL PRESERVATION HALL
501(C)(3) · ENTERTAINMENT VENUE · NY
Directly controlled by ARTS CENTER & THEATRE OF SCHENECTADY INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
THEREP LLC
RELATED · HOLDING COMPANY · NY
Directly controlled by THEREP MANAGER LLC
-
UPH SARATOGA LLC
HOLDING COMPANY · NY
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PT REDEVELOPMENT MANAGER LLC
C · MANAGE COMPLIANCE OPER OF PTR · NY
-
THEREP MANAGER LLC
C · MANAGE COMPLIANCE OPER OF THEREP · NY · 100% owned · share of income $100,457 · share of assets $6,030,148 · controlled entity
Directly controlled by CAPITAL REPERTORY THEATRE
-
UPH SARATOGA MANAGER LLC
C · MANAGE COMPLIANCE OPER OF UPH SARATOGA · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349303954
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