← ARTS CENTER AND THEATER OF SCHENECTADY INC

Form 990 for tax year 2022

Filed by ARTS CENTER AND THEATER OF SCHENECTADY INC.

Totals

Total revenue: $17,988,660
Total expenses: $19,220,661
Contributions and grants received: $3,191,569
Grants paid: $0
Program service revenue: $13,951,513
Investment income: -$35,359
Other revenue: $880,937
Total assets, end of year: $54,959,110
Total liabilities, end of year: $19,951,399
Net assets or fund balances, end of year: $35,007,711
Program services expenses (Part IX): $15,952,446
Management and general expenses: $2,846,919
Fundraising expenses: $421,296
Program service expenses (Part III): $15,952,446

Program services were 83.0% 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)

$1,293,162
1f · All other contributions, gifts and grants

$1,898,407
2a · Program service revenue: THEATRE TICKET REVENUES

total $13,595,828 · related or exempt $13,595,828
2f · All other program service revenue

total $355,685 · related or exempt $355,685
3 · Investment income

total $46,346 · excluded $46,346
6a · Gross rents

real property $508,206
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $508,206
6d · Net rental income or loss

total $508,206 · related or exempt $508,206
7b · Less cost or other basis and sales expenses

securities $336 · other assets $81,369
7c · Gain or loss

securities -$336 · other assets -$81,369
7d · Net gain or loss

total -$81,705 · excluded -$81,705
10a · Gross sales of inventory

$536,827
10b · Cost of goods sold

$171,907
10c · Net income from sales of inventory

total $364,920 · related or exempt $364,920
11a · Other revenue: DEVELOPER FEE REVENUE

total $7,811 · related or exempt $7,811
11e · Other revenue, total

$7,811

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $476,576 · program services $315,967 · management and general $130,181 · fundraising $30,428
7 · Other salaries and wages

total $3,933,168 · program services $2,607,665 · management and general $1,074,380 · fundraising $251,123
8 · Pension plan contributions

total $75,537 · program services $50,081 · management and general $20,633 · fundraising $4,823
9 · Other employee benefits

total $459,101 · program services $304,381 · management and general $125,408 · fundraising $29,312
10 · Payroll taxes

total $341,101 · program services $226,148 · management and general $93,175 · fundraising $21,778
11b · Fees: legal

total $5,489 · management and general $5,489
11c · Fees: accounting

total $82,885 · management and general $82,885
11d · Fees: lobbying

total $6,850 · program services $77 · management and general $6,773
11g · Fees: other

total $8,401,442 · program services $8,399,626 · management and general $1,736 · fundraising $80
12 · Advertising and promotion

total $1,534,337 · program services $1,516,409 · management and general $5,488 · fundraising $12,440
13 · Office expenses

total $1,139,984 · program services $896,607 · management and general $207,287 · fundraising $36,090
16 · Occupancy

total $147,960 · program services $100,391 · management and general $46,330 · fundraising $1,239
17 · Travel

total $26,005 · program services $16,555 · management and general $8,006 · fundraising $1,444
19 · Conferences, conventions and meetings

total $17,981 · program services $11,447 · management and general $5,536 · fundraising $998
20 · Interest

total $419,680 · program services $202,271 · management and general $214,659 · fundraising $2,750
22 · Depreciation, depletion and amortization

total $1,681,032 · program services $1,058,145 · management and general $611,152 · fundraising $11,735
23 · Insurance

total $220,105 · program services $142,231 · management and general $76,462 · fundraising $1,412
24a · Other expenses: REPAIRS/MAINTENANCE

total $164,523 · program services $62,666 · management and general $101,857
24b · Other expenses: HOSPITALITY

total $49,220 · program services $7,876 · management and general $27,520 · fundraising $13,824
24c · Other expenses: FUNDRAISING EXPENSE

total $14,459 · program services $10,677 · management and general $1,962 · fundraising $1,820
24d · Other expenses: SECURITY

total $13,071 · program services $13,071
24e · All other expenses

total $10,155 · program services $10,155

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $9,109,139 · end of year $8,032,214
3 · Pledges and grants receivable

beginning of year $212,478 · end of year $72,462
4 · Accounts receivable

beginning of year $8,369,757 · end of year $1,361,442
8 · Inventories for sale or use

beginning of year $58,825 · end of year $68,781
9 · Prepaid expenses and deferred charges

beginning of year $285,806 · end of year $335,137
10a · Land, buildings and equipment: cost or other basis

$59,745,748
10b · Land, buildings and equipment: accumulated depreciation

$21,914,787
10c · Land, buildings and equipment, net

beginning of year $37,497,550 · end of year $37,830,961
11 · Investments: publicly traded securities

beginning of year $2,868,411 · end of year $2,460,255
12 · Investments: other securities

end of year $3,509,952
15 · Other assets

beginning of year $1,135,842 · end of year $1,287,906
17 · Accounts payable and accrued expenses

beginning of year $765,512 · end of year $1,319,810
19 · Deferred revenue

beginning of year $8,432,846 · end of year $9,278,247
23 · Secured mortgages and notes payable

beginning of year $8,905,411 · end of year $7,473,299
25 · Other liabilities

beginning of year $589,785 · end of year $1,880,043
27 · Net assets without donor restrictions

beginning of year $38,137,873 · end of year $32,668,125
28 · Net assets with donor restrictions

beginning of year $2,706,381 · end of year $2,339,586

Mission and programs · 2022

Mission

THROUGH ARTS AND COMMUNITY LEADERSHIP, PROCTORS WILL BE A CATALYST FOR EXCELLENCE IN EDUCATION, SUSTAINED ECONOMIC DEVELOPMENT, AND RICH CIVIC ENGAGEMENT TO ENHANCE THE QUALITY OF LIFE IN THE GREATER CAPITAL REGION.

Activities or mission (Part I)

THE MISSION OF THE ARTS CENTER & THEATRE OF SCHENECTADY (ACTS) IS TO PROVIDE A DIVERSE PROGRAM OF EXCELLENT PERFORMING ARTS EVENTS, TO RESTORE AND PRESERVE THE BEAUTIFUL PROCTOR'S THEATRE, TO SERVE AS A CULTURAL CENTER FOR THE CAPITAL REGION AND, TO THE EXTENT THAT RESOURCES AND THE CERTIFICATE OF INCORPORATION PERMIT, SUPPORT ACTIVITIES THAT CONTRIBUTE TO THE ECONOMIC DEVELOPMENT AND QUALITY OF LIFE IN THE REGION.

ARTS CENTER AND THEATRE OF SCHENECTADY, INC. ("ACTS") IS A PERFORMING ARTS FACILITY AND REGIONAL CULTURAL SERVICE PROVIDER. ITS MISSION: THROUGH ARTS AND COMMUNITY LEADERSHIP, TO BE A CATALYST FOR EXCELLENCE IN EDUCATION, SUSTAINABLE ECONOMIC DEVELOPMENT AND RICH CIVIC ENGAGEMENT, TO ENHANCE THE QUALITY OF LIFE IN THE GREATER CAPITAL REGION. FROM TOURING BROADWAY PRODUCTIONS TO INTIMATE CONCERTS, FROM GRADUATIONS AND SPELLING BEES TO THE WINTER FARMER'S MARKET, PROCTORS IS A HAVEN FOR ARTS AND COMMUNITY EVENTS OF ALL KINDS, A LIVING ROOM FOR THE REGION. IT PROVIDES HEATING AND COOLING TO MOST OF THE DOWNTOWN BLOCK. AND IT ALSO PROVIDES A CULTURAL SERVICE PLATFORM FOR OTHER ORGANIZATIONS, INCLUDING TICKETING SERVICES AND ADMINISTRATIVE FUNCTIONS FOR NEIGHBORING ARTS ORGANIZATIONS.

Expenses $15,247,851 · Revenue $14,347,526
FOR MORE THAN 30 YEARS, PROCTORS HAS CULTIVATED AUDIENCES OF ALL AGES THROUGH A VIBRANT ARTS EDUCATION PROGRAM. IN 2014, WE EXPANDED THAT INITIATIVE TO ALIGN WITH THE ORGANIZATION'S MISSION AND STRATEGIC VISION UNDER A COLLABORATIVE SCHOOL OF THE ARTS, ONE OF THE MOST AMBITIOUS SUCH DEPARTMENTS IN THE COUNTRY. THE SCHOOL ENCOMPASSES PROCTORS, CAPITAL REPERTORY THEATRE AND UNIVERSAL PRESERVATION HALL AND SERVES OVER 45,000 PATRONS ANNUALLY. ALL PROGRAMS EMPHASIZE COLLABORATIONS WITH SCHOOL DISTRICTS, ARTISTS, ARTS ORGANIZATIONS, AND OTHER REGIONAL PARTNERS, WITH A SPECIAL FOCUS ON CAREER AND WORKFORCE TRAINING.

Expenses $555,276 · Revenue $351,174
PROCTORS DESIGNATION AS MANAGER AND OPERATOR OF PUBLIC, EDUCATIONAL AND GOVERNMENT ACCESS CABLE TELEVISION BY THE CITY OF SCHENECTADY IN DECEMBER 2010 SPURRED THE CREATION OF A NEW BROADCAST ENTITY, OPEN STAGE MEDIA AT PROCTORS (OSM). OSM PUBLIC ACCESS IS A CONDUIT OPEN TO THE COMMUNITY. OSM PUBLIC ACCESS IS FREE CABLE CASTING DESIGNED FOR LOCAL IDEAS AND THOUGHTS ON CABLE TELEVISION.

Expenses $149,319 · Revenue $133,750

As filed on the 2022 return.

Listed in Part VII

Heather WardHEATHER WARD

PRESIDENT

Total calculated

$0

Hours/week

5
Paul B HardingPAUL B HARDING

VICE PRESIDENT

Total calculated

$0

Hours/week

2
Raymond A BleserRAYMOND A BLESER

SECRETARY

Total calculated

$0

Hours/week

1
Kevin TestoKEVIN TESTO

TREASURER

Total calculated

$0

Hours/week

1
Anne B PutnamANNE B PUTNAM

BOARD MEMBER UNTIL 12/31/22

Total calculated

$0

Hours/week

1
Anne HarrisANNE HARRIS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Angela BeddoeANGELA BEDDOE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Anthony J BifaroANTHONY J BIFARO

BOARD MEMBER

Total calculated

$0

Hours/week

1
Anthony MashutaANTHONY MASHUTA

BOARD MEMBER

Total calculated

$0

Hours/week

1
Alex TroncoALEX TRONCO

BOARD MEMBER

Total calculated

$0

Hours/week

1
Beth FacteauBETH FACTEAU

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Bryan CadyBRYAN CADY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Chris SprargenCHRIS SPRARGEN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dan FinkleDAN FINKLE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Daniel J WhiteDANIEL J WHITE

BOARD MEMBER

Total calculated

$0

Hours/week

1
David CernigliaDAVID CERNIGLIA

BOARD MEMBER

Total calculated

$0

Hours/week

1
Denise GonickDENISE GONICK

BOARD MEMBER

Total calculated

$0

Hours/week

1
Eveline Ward-SellsEVELINE WARD-SELLS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Frank WalshFRANK WALSH

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Gregory L PintoGREGORY L PINTO

BOARD MEMBER

Total calculated

$0

Hours/week

1
Harold IselinHAROLD ISELIN

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Herbert L Shultz JrHERBERT L SHULTZ JR

BOARD MEMBER

Total calculated

$0

Hours/week

3
Janine DykemanJANINE DYKEMAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jeff ChristianaJEFF CHRISTIANA

BOARD MEMBER

Total calculated

$0

Hours/week

1
Katherine M SheehanKATHERINE M SHEEHAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Kathleen FyfeKATHLEEN FYFE

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Melissa ZambriMELISSA ZAMBRI

BOARD MEMBER

Total calculated

$0

Hours/week

1
Misha WoodleyMISHA WOODLEY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mona GolubMONA GOLUB

BOARD MEMBER

Total calculated

$0

Hours/week

1
Morris MassryMORRIS MASSRY

BOARD MEMBER AMERITUS

Total calculated

$0

Hours/week

1
Paul D MoorePAUL D MOORE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Raimundo ArchiboldRAIMUNDO ARCHIBOLD

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Richard A CarlstromRICHARD A CARLSTROM

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Rick BarlowRICK BARLOW

BOARD MEMBER

Total calculated

$0

Hours/week

1
Ryan MicklusRYAN MICKLUS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Stacey B RowlandSTACEY B ROWLAND

BOARD MEMBER

Total calculated

$0

Hours/week

1
Philip MorrisPHILIP MORRIS

CHIEF EXECUTIVE OFFICER

Total calculated

$355,249

From this org

$353,637

From related orgs

$0

Other

$1,612

Hours/week

40 + 3 related

Schedule J breakdown matched by us

Base

$353,637

Bonus

$0

Other

$0

Deferred

$780

Nontaxable benefits

$832

Filer's total

$355,249
Christopher MustoCHRISTOPHER MUSTO

CHIEF FINANCIAL OFFICER

Total calculated

$121,327

From this org

$120,495

From related orgs

$0

Other

$832

Hours/week

40 + 3 related
Daniel HanifinDANIEL HANIFIN

RELATIONSHIPS DIRECTOR

Total calculated

$117,964

From this org

$117,132

From related orgs

$0

Other

$832

Hours/week

40
Daniel SheehanDANIEL SHEEHAN

DIRECTOR OF OPERATIONS

Total calculated

$105,856

From this org

$105,024

From related orgs

$0

Other

$832

Hours/week

40
James MurphyJAMES MURPHY

MARKETING DIRECTOR

Total calculated

$116,631

From this org

$116,223

From related orgs

$0

Other

$408

Hours/week

40
Jean LeonardJEAN LEONARD

CHIEF OF STAFF

Total calculated

$127,832

From this org

$127,000

From related orgs

$0

Other

$832

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

3 · Form 990 of other organizations
3 · Approval by the board or compensation committee

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

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.

CAPITAL REPERTORY COMPANY

501(C)(3) · PROFESSIONAL THEATRE · NY · controlled entity

Directly controlled by ARTS CENTER & THEATRE OF SCHENECTADY INC
440 STATE STREET

501(C)(3) · COMMUNITY ART · NY · controlled entity

Directly controlled by ARTS CENTER & THEATRE OF SCHENECTADY INC
SARATOGA SPRINGS UNIVERSAL PRESERVATION HALL

501(C)(3) · ENTERTAINMENT VENUE · NY · controlled entity

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

HOLDING COMPANY · NY
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 · 100% owned · share of income $695,984 · share of assets $428,070 · controlled entity

Directly controlled by ARTS CENTER AND THEATER OF SCHENECTADY INC
THEREP MANAGER LLC

C · MANAGE COMPLIANCE OPER OF THEREP · NY · controlled entity
UPH SARATOGA MANAGER LLC

C · MANAGE COMPLIANCE OPER OF UPH SARATOGA · NY · controlled entity

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202323199349305172

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