Skip to content
Nonprofiteer
← NATIONAL COMEDY CENTER OPERATOR INC

Form 990 for tax year 2023

Filed by NATIONAL COMEDY CENTER OPERATOR INC.

Totals

Total revenue
$3,479,455
Total expenses
$5,199,201
Contributions and grants received
$2,538,853
Grants paid
$0
Program service revenue
$922,671
Investment income
$0
Other revenue
$17,931
Total assets, end of year
$22,122,589
Total liabilities, end of year
$22,882,733
Net assets or fund balances, end of year
-$760,144
Program services expenses (Part IX)
$3,260,306
Management and general expenses
$1,712,205
Fundraising expenses
$226,690
Program service expenses (Part III)
$3,260,306

Program services were 62.7% 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.

  • 1b · Membership dues

    $107,866

  • 1d · Related organizations

    $1,099,274

  • 1e · Government grants (contributions)

    $160,970

  • 1f · All other contributions, gifts and grants

    $1,170,743

  • 2a · Program service revenue: ADMISSIONS AND TOURS

    total $913,690 · related or exempt $913,690

  • 2b · Program service revenue: FESTIVAL PROGRAMMING

    total $8,981 · related or exempt $8,981

  • 10a · Gross sales of inventory

    $240,517

  • 10b · Cost of goods sold

    $223,058

  • 10c · Net income from sales of inventory

    total $17,459 · related or exempt $17,459

  • 11a · Other revenue: MISCELLANEOUS

    total $472 · related or exempt $472

  • 11e · Other revenue, total

    $472

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $37,987 · program services $7,415 · management and general $26,982 · fundraising $3,590

  • 7 · Other salaries and wages

    total $1,429,509 · program services $279,026 · management and general $1,015,372 · fundraising $135,111

  • 8 · Pension plan contributions

    total $28,484 · program services $5,560 · management and general $20,232 · fundraising $2,692

  • 9 · Other employee benefits

    total $54,813 · program services $10,700 · management and general $38,932 · fundraising $5,181

  • 10 · Payroll taxes

    total $122,877 · program services $23,984 · management and general $87,279 · fundraising $11,614

  • 11b · Fees: legal

    total $18,773 · management and general $18,773

  • 11c · Fees: accounting

    total $156,307 · program services $140,703 · management and general $15,604

  • 12 · Advertising and promotion

    total $561,869 · program services $561,869

  • 13 · Office expenses

    total $72,577 · program services $10,240 · management and general $5,626 · fundraising $56,711

  • 14 · Information technology

    total $54,237 · program services $26,538 · management and general $18,725 · fundraising $8,974

  • 16 · Occupancy

    total $82,547 · program services $68,241 · management and general $14,306

  • 17 · Travel

    total $5,499 · management and general $3,182 · fundraising $2,317

  • 19 · Conferences, conventions and meetings

    total $6,192 · program services $3,326 · management and general $2,866

  • 20 · Interest

    total $273,643 · program services $154,108 · management and general $119,535

  • 22 · Depreciation, depletion and amortization

    total $1,788,201 · program services $1,590,151 · management and general $198,050

  • 23 · Insurance

    total $117,814 · program services $58,907 · management and general $58,907

  • 24a · Other expenses: EXHIBIT, CONTENT AND FA

    total $224,765 · program services $215,094 · management and general $9,671

  • 24b · Other expenses: LEASE OPERATING

    total $78,217 · program services $28,254 · management and general $49,963

  • 24c · Other expenses: FESTIVAL PROGRAMMING

    total $69,075 · program services $69,075

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $11,209 · program services $4,345 · management and general $6,492 · fundraising $372

  • 24e · All other expenses

    total $4,606 · program services $2,770 · management and general $1,708 · fundraising $128

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,540 · end of year $185,635

  • 2 · Savings and temporary cash investments

    beginning of year $317,640 · end of year $148,606

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $125,000

  • 4 · Accounts receivable

    beginning of year $8,149 · end of year $240

  • 8 · Inventories for sale or use

    beginning of year $136,240 · end of year $98,605

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,532 · end of year $29,664

  • 10a · Land, buildings and equipment: cost or other basis

    $29,734,065

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,389,078

  • 10c · Land, buildings and equipment, net

    beginning of year $23,133,187 · end of year $21,344,987

  • 14 · Intangible assets

    beginning of year $189,953 · end of year $189,852

  • 17 · Accounts payable and accrued expenses

    beginning of year $412,530 · end of year $376,827

  • 23 · Secured mortgages and notes payable

    beginning of year $22,472,315 · end of year $22,505,906

  • 24 · Unsecured notes and loans payable

    beginning of year $127,794 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $959,602 · end of year -$760,144

Mission and programs · 2023

Mission

THE MISSION OF THE NATIONAL COMEDY CENTER IS TO PROVIDE EDUCATION ON THE COMEDIC ARTS IN THE FORM OF COMMENTARY AND CONTEXTUALIZATION OF ITS BODIES OF WORK, TELLING THE VITAL STORY OF COMEDY IN AMERICA ACROSS ALL ERAS AND GENRES OF THE ART FORM. AS A NON-PROFIT CULTURAL INSTITUTION, THE MUSEUM CELEBRATES COMEDY'S GREAT MINDS AND UNIQUE VOICES, WHILE PROVIDING AN EXAMINATION OF THE TIME-HONED CREATIVE PROCESSES THAT HAVE ELEVATED COMEDY TO AN ART.

  • MAINTAIN AND PRESERVE THE NATIONAL COMEDY CENTER AS THE UNITED STATE' CONGRESSIONALLY DESIGNATED CULTURAL INSTITUTIION DEDICATED TO PRESENT THE STORY OF COMEDY AND PRESERVING IT HERITAGE FOR FUTURE GENERATIONS.

    Expenses $3,260,306 · Revenue $940,602

  • THE COMEDY SHOP. EVERY PURCHASE SUPPORTS THE NON-PROFIT NATIONAL COMEDY CETNER AND ITS MISSION OF PRESENTING THE VITAL STORY OF COMEDY IN AMERICA.

  • COMEDIC ARTS PROGRAMMING. THE MUSEUM CELEBRATES COMEDY'S GREAT MINDS AND UNIQUE VOICES, WHILE PROVIDING AN EXAMINIATION OF THE TIME-HONES CREATIVE PROCESSES THAT HAVE ELEVATED COMEDY TO THE ART FORM.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George Panebianco

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Louis Deppas

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Mike Latone

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Cindy Aronson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Jerome Lee Yaw

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Holly Sullivan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jon Albro

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tom Benson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Sarah Demink

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Journey Gunderson

    EXECUTIVE DIRECTOR

    Total calculated
    $213,557
    From this org
    $37,987
    From related orgs
    $151,948
    Other
    $23,622
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $37,987 + $151,948 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,622 related
    Nontaxable benefits
    $0
    Filer's total
    $37,987 + $175,570 related

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349310352

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.