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Nonprofiteer
← TROY SAVINGS BANK MUSIC HALL CORPORATION

Form 990 for tax year 2022

Filed by TROY SAVINGS BANK MUSIC HALL CORPORATION.

Totals

Total revenue
$1,798,005
Total expenses
$2,182,741
Contributions and grants received
$353,347
Grants paid
$0
Program service revenue
$1,219,692
Investment income
$12,826
Other revenue
$212,140
Total assets, end of year
$1,742,209
Total liabilities, end of year
$856,961
Net assets or fund balances, end of year
$885,248
Program services expenses (Part IX)
$1,675,814
Management and general expenses
$458,009
Fundraising expenses
$48,918
Program service expenses (Part III)
$1,675,814

Program services were 76.8% 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

    $69,315

  • 1e · Government grants (contributions)

    $55,000

  • 1f · All other contributions, gifts and grants

    $229,032

  • 2a · Program service revenue: TICKET SALES

    total $838,932 · related or exempt $838,932

  • 2b · Program service revenue: TICKET HANDLING FEES

    total $175,893 · related or exempt $175,893

  • 2c · Program service revenue: CONCESSION

    total $73,456 · related or exempt $73,456

  • 2d · Program service revenue: HALL RENTAL

    total $65,164 · related or exempt $65,164

  • 2e · Program service revenue: MANAGEMENT SERVICES

    total $47,567 · related or exempt $47,567

  • 2f · All other program service revenue

    total $18,680 · related or exempt $18,680

  • 3 · Investment income

    total $12,846 · excluded $12,846

  • 7a · Gross sales of assets other than inventory

    securities $5,746

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

    securities $5,766

  • 7c · Gain or loss

    securities -$20

  • 7d · Net gain or loss

    total -$20 · related or exempt -$20

  • 8a · Fundraising events: gross income

    $23,950

  • 8b · Fundraising events: direct expenses

    $13,893

  • 8c · Net income from fundraising events

    total $10,057 · excluded $10,057

  • 11a · Other revenue: OTHER REVENUE

    total $202,083 · related or exempt $202,083

  • 11e · Other revenue, total

    $202,083

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $189,991 · program services $113,995 · management and general $66,497 · fundraising $9,499

  • 7 · Other salaries and wages

    total $405,949 · program services $309,319 · management and general $84,551 · fundraising $12,079

  • 9 · Other employee benefits

    total $30,522 · program services $21,680 · management and general $7,737 · fundraising $1,105

  • 10 · Payroll taxes

    total $52,500 · program services $37,292 · management and general $13,307 · fundraising $1,901

  • 11b · Fees: legal

    total -$1,000 · management and general -$1,000

  • 11c · Fees: accounting

    total $13,652 · management and general $13,652

  • 11g · Fees: other

    total $13,540 · fundraising $13,540

  • 13 · Office expenses

    total $4,124 · management and general $4,124

  • 16 · Occupancy

    total $1 · management and general $1

  • 20 · Interest

    total $13,750 · management and general $13,750

  • 22 · Depreciation, depletion and amortization

    total $24,377 · management and general $24,377

  • 23 · Insurance

    total $69,388 · management and general $69,388

  • 24a · Other expenses: ARTIST FEES

    total $638,670 · program services $638,670

  • 24b · Other expenses: MARKETING & PRINTING

    total $210,339 · program services $210,339

  • 24c · Other expenses: OTHER PRODUCTION EXPENSE

    total $108,394 · program services $108,394

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $75,580 · management and general $75,580

  • 24e · All other expenses

    total $332,964 · program services $236,125 · management and general $86,045 · fundraising $10,794

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,586 · end of year $21,177

  • 2 · Savings and temporary cash investments

    beginning of year $1,496,127 · end of year $996,659

  • 3 · Pledges and grants receivable

    end of year $16,029

  • 4 · Accounts receivable

    beginning of year $9,420 · end of year $3,401

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,640 · end of year $11,537

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

    $964,016

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

    $299,007

  • 10c · Land, buildings and equipment, net

    beginning of year $518,295 · end of year $665,009

  • 15 · Other assets

    beginning of year $30,058 · end of year $28,397

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,808 · end of year $127,589

  • 19 · Deferred revenue

    beginning of year $130,276 · end of year $200,975

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000 · end of year $500,000

  • 25 · Other liabilities

    beginning of year $30,058 · end of year $28,397

  • 27 · Net assets without donor restrictions

    beginning of year $1,211,984 · end of year $777,453

  • 28 · Net assets with donor restrictions

    beginning of year $58,000 · end of year $107,795

Mission and programs · 2022

Mission

THE MISSION OF THE TROY SAVINGS BANK MUSIC HALL CORPORATION IS TO ENRICH THE COMMUNITY AND INSPIRE PASSION FOR THE CREATIVE ARTS BY FOSTERING DIVERSE, ENGAGING, INCLUSIVE, AND TRANSFORMATIVE CULTURAL EXPERIENCES THROUGH PERFORMANCES, COLLABORATION, COMMUNITY EVENTS, AND EDUCATION.

  • PRESENTATIONS - THE TROY SAVINGS BANK MUSIC HALL CORPORATION PRESENTS CONCERTS AND OTHER ENTERTAINMENT ACTIVITIES, INCLUDING MANY ANNUAL AND FREE EVENTS, IN A WIDE RANGE OF GENRES IN THE COMMUNITY AND AT THE HISTORIC TROY SAVINGS BANK MUSIC HALL.

    Expenses $1,341,828 · Revenue $1,088,281

  • RENTALS AND RECORDINGS - THE TROY SAVINGS BANK MUSIC HALL CORPORATION ACTS AS A COMMUNITY RESOURCE BY RENTING THE MUSIC HALL AND PROVIDING PRODUCTION SUPPORT SERVICES TO COMMUNITY GROUPS, PERFORMING ARTS ENTITIES, AND ARTISTS FOR PERFORMANCES AND RECORDING SESSIONS.

    Expenses $186,912 · Revenue $75,714

  • COMMUNITY PROGRAMMING - THE TROY SAVINGS BANK MUSIC HALL CORPORATION PARTNERS WITH THE LOCAL SCHOOL SYSTEM TO PROVIDE ARTS IN EDUCATION PROGRAMMING TO THE STUDENT POPULATION IN THE REGION AND PROVIDES ADMINISTRATIVE AND PROGRAMMING SUPPORT SERVICES FOR ARTS BASED COMMUNITY GROUPS.

    Expenses $147,074 · Revenue $55,697

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

Listed in Part VII

  • Scott Sauer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dori McDannold

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Michelle Hogan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Paul Fahey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Julia Alsarraf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maureen Clarke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan J Goldberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynne Mahoney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karl Moschner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Rider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Elbaum

    EXECUTIVE DI

    Total calculated
    $105,988
    From this org
    $105,988
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Stacey Bridge

    ASSOCIATE DI

    Total calculated
    $77,645
    From this org
    $77,645
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202441149349300734

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