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Nonprofiteer
← SARATOGA SPRINGS PERFORMING ARTS CENTER INC

Form 990 for tax year 2022

Filed by SARATOGA SPRINGS PERFORMING ARTS CENTER INC.

Totals

Total revenue
$12,352,299
Total expenses
$11,663,099
Contributions and grants received
$6,270,371
Grants paid
$0
Program service revenue
$3,166,679
Investment income
$407,244
Other revenue
$2,508,005
Total assets, end of year
$30,854,112
Total liabilities, end of year
$5,207,220
Net assets or fund balances, end of year
$25,646,892
Program services expenses (Part IX)
$8,926,588
Management and general expenses
$1,989,213
Fundraising expenses
$747,298
Program service expenses (Part III)
$8,926,588

Program services were 76.5% 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

    $3,194,117

  • 1c · Fundraising events

    $54,825

  • 1e · Government grants (contributions)

    $1,552,279

  • 1f · All other contributions, gifts and grants

    $1,469,150

  • 1g · Noncash contributions included above

    $76,969

  • 2a · Program service revenue: TICKET SALES

    total $2,840,761 · related or exempt $2,840,761

  • 2b · Program service revenue: BOX OFFICE SERVICE FEES

    total $325,918 · related or exempt $325,918

  • 3 · Investment income

    total $168,472 · excluded $168,472

  • 6a · Gross rents

    real property $734,147

  • 6b · Less rental expenses

    real property $269,148

  • 6c · Rental income or loss

    real property $464,999

  • 6d · Net rental income or loss

    total $464,999 · excluded $464,999

  • 7a · Gross sales of assets other than inventory

    securities $2,325,037

  • 7b · Less cost or other basis and sales expenses

    securities $2,056,485 · other assets $29,780

  • 7c · Gain or loss

    securities $268,552 · other assets -$29,780

  • 7d · Net gain or loss

    total $238,772 · excluded $238,772

  • 8a · Fundraising events: gross income

    $54,750

  • 8a · Fundraising events: contributions included on line 1c

    $54,825

  • 8b · Fundraising events: direct expenses

    $51,896

  • 8c · Net income from fundraising events

    total $2,854 · excluded $2,854

  • 11a · Other revenue: THIRD PARTY LICENSE FEES

    total $1,639,842 · related or exempt $1,639,842

  • 11d · All other revenue

    total $400,310 · related or exempt $400,310

  • 11e · Other revenue, total

    $2,040,152

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $947,434 · program services $442,980 · management and general $369,935 · fundraising $134,519

  • 7 · Other salaries and wages

    total $2,318,420 · program services $1,128,704 · management and general $903,652 · fundraising $286,064

  • 8 · Pension plan contributions

    total $75,069 · program services $27,025 · management and general $29,600 · fundraising $18,444

  • 9 · Other employee benefits

    total $222,437 · program services $80,078 · management and general $87,708 · fundraising $54,651

  • 10 · Payroll taxes

    total $246,623 · program services $120,066 · management and general $96,127 · fundraising $30,430

  • 11b · Fees: legal

    total $29,679 · management and general $29,679

  • 11c · Fees: accounting

    total $48,410 · management and general $48,410

  • 11f · Fees: investment management

    total $72,654 · management and general $72,654

  • 11g · Fees: other

    total $4,928,761 · program services $4,785,954 · management and general $100,716 · fundraising $42,091

  • 12 · Advertising and promotion

    total $709,808 · program services $693,688 · fundraising $16,120

  • 13 · Office expenses

    total $58,023 · program services $11,631 · management and general $34,761 · fundraising $11,631

  • 14 · Information technology

    total $88,028 · program services $35,447 · management and general $34,858 · fundraising $17,723

  • 16 · Occupancy

    total $311,626 · program services $302,408 · management and general $9,218

  • 17 · Travel

    total $9,529 · program services $8,113 · management and general $1,416

  • 22 · Depreciation, depletion and amortization

    total $474,849 · program services $474,849

  • 23 · Insurance

    total $167,983 · program services $136,949 · management and general $28,253 · fundraising $2,781

  • 24a · Other expenses: PRODUCTION COST

    total $526,034 · program services $519,288 · fundraising $6,746

  • 24b · Other expenses: FOOD AND BEVERAGE

    total $154,171 · program services $9,539 · fundraising $144,632

  • 24c · Other expenses: SERVICE CHARGES

    total $149,869 · program services $149,869

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,949 · management and general $3,949

  • 24e · All other expenses

    total $119,743 · management and general $138,277 · fundraising -$18,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $170 · end of year $170

  • 2 · Savings and temporary cash investments

    beginning of year $9,341,889 · end of year $8,247,646

  • 3 · Pledges and grants receivable

    beginning of year $60,000 · end of year $235,000

  • 4 · Accounts receivable

    beginning of year $666,911 · end of year $1,277,980

  • 8 · Inventories for sale or use

    end of year $17,535

  • 9 · Prepaid expenses and deferred charges

    beginning of year $74,995 · end of year $87,182

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

    $16,485,055

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

    $6,173,160

  • 10c · Land, buildings and equipment, net

    beginning of year $9,692,493 · end of year $10,311,895

  • 11 · Investments: publicly traded securities

    beginning of year $11,385,687 · end of year $9,735,600

  • 15 · Other assets

    beginning of year $668,183 · end of year $941,104

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,107,060 · end of year $1,935,470

  • 19 · Deferred revenue

    beginning of year $3,363,120 · end of year $2,692,374

  • 23 · Secured mortgages and notes payable

    beginning of year $555,726

  • 25 · Other liabilities

    beginning of year $148,497 · end of year $579,376

  • 27 · Net assets without donor restrictions

    beginning of year $17,337,174 · end of year $16,759,438

  • 28 · Net assets with donor restrictions

    beginning of year $9,378,751 · end of year $8,887,454

Mission and programs · 2022

Mission

FOR OVER 50 YEARS, THE SARATOGA PERFORMING ARTS CENTER, IN HEART OF THE GLORIOUS SPA STATE PARK IN SARATOGA SPRINGS, NY, HAS BEEN THE SUMMER HOME OF NEW YORK CITY BALLET AND THE PHILADELPHIA ORCHESTRA, AND THE LOCATION OF MORE THAN A THOUSAND PERFORMANCES OF BEST-IN-CLASS ARTISTS ACROSS ALL GENRES. AS IT MOVES INTO ITS NEXT 50 YEARS, SPAC EMBRACES ITS ROLE AS A STEWARD OF ITS PLACE IN THE NATURAL WORLD AND THE TRANSFORMATIVE POWER OF BEAUTY IN HUMAN LIVES. SPAC WORKS TO HARNESS THAT POWER FROM BOTH MAN-MADE AND NATURAL SOURCES TO FORGE DEEP CONNECTIONS FROM PERSON TO PERSON AND PERSON TO PLANET THROUGH A FUTURE THAT EMBRACES AN EVER-EXPANDING DEFINITION OF THE ARTS INCLUDING PERFORMING ARTS, VISUAL ARTS, LITERARY ARTS, CULINARY ARTS, HEALING ARTS AND BEYOND. IN ITS WORK ON BEHALF OF ART, ARTISTS AND COMMUNITY, SPAC WORKS TO EDUCATE, REVEAL, INSPIRE, AND SERVE THE BEAUTY IN THE WORLD WHICH CONNECTS, RESPECTS, AND ELEVATES ALL HUMAN BEINGS.

Activities or mission (Part I)

TO PRESENT VIBRANT AND DIVERSE ARTISTIC PERFORMANCES THAT ENGAGE AND ENRICH THE COMMUNITY.

  • THE PRESENTATION OF THE PERFORMING ARTS IN ORDER TO SPONSOR, CULTIVATE AND DEVELOP AN UNDERSTANDING AND APPRECIATION OF SUCH ART BY THE CENTER'S MEMBERS AND THE COMMUNITY. WE PRESENT 70-80 EVENTS THROUGHOUT THE YEAR, REACHING OVER 350,000 PEOPLE EACH YEAR IN THE AREAS OF DANCE, ORCHESTRA, OPERA, CHAMBER MUSIC, JAZZ, AND ROCK AND ROLL. OUR FACILITY IS THE SUMMER HOME TO THE PHILADELPHIA ORCHESTRA, THE NEW YORK CITY BALLET, AND THE CHAMBER MUSIC SOCIETY OF LINCOLN CENTER AT SPAC.

    Expenses $8,926,588 · Revenue $5,206,831

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Law Dake

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Charles Wait Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eleanor K Mullaney

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Linda Toohey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Anthony R Ianniello Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Fuller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George R Hearst III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Norma Meacham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Mackey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Riggi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald J McCormack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geraldine Golub

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather Mabee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sonny Bonacio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Higgins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sally Bott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Harrigan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cj Decrescente

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sean Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raimundo Archibold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William McEllen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Spungen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carl Debrule

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Verral MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martin Mbugua

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr L Oliver Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sujata N Chaudhry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keeley Ardman Desalvo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashley Budd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward Jay Lafond CPA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $184,931
    From this org
    $157,619
    From related orgs
    $0
    Other
    $27,312
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $157,619
    Bonus
    $0
    Other
    $0
    Deferred
    $26,461
    Nontaxable benefits
    $851
    Filer's total
    $184,931

  • Elizabeth Sobol

    PRESIDENT AND CEO

    Total calculated
    $530,109
    From this org
    $460,930
    From related orgs
    $0
    Other
    $69,179
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $460,930
    Bonus
    $0
    Other
    $0
    Deferred
    $48,709
    Nontaxable benefits
    $20,470
    Filer's total
    $530,109

  • Leslie Coleman-Smith

    GENERAL MANAGER

    Total calculated
    $232,395
    From this org
    $184,838
    From related orgs
    $0
    Other
    $47,557
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $184,838
    Bonus
    $0
    Other
    $0
    Deferred
    $19,007
    Nontaxable benefits
    $28,550
    Filer's total
    $232,395

  • Dennis Moench

    VICE PRESIDENT, EDUCATION

    Total calculated
    $131,616
    From this org
    $101,593
    From related orgs
    $0
    Other
    $30,023
    Hours/week
    50

  • Chris Shiley

    VICE PRESDIENT, ARTISTIC P

    Total calculated
    $112,304
    From this org
    $100,139
    From related orgs
    $0
    Other
    $12,165
    Hours/week
    50

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303189349311965

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