Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $833,996

• 1e · Government grants (contributions)

  $43,520

• 1f · All other contributions, gifts and grants

  $3,689,004

• 1g · Noncash contributions included above

  $896,032

• 2a · Program service revenue: ART PROGRAMS

  total $958,130 · related or exempt $958,130

• 3 · Investment income

  total $1,677,345 · excluded $1,677,345

• 6a · Gross rents

  real property $1,598,337

• 6b · Less rental expenses

  real property $192,760

• 6c · Rental income or loss

  real property $1,405,577

• 6d · Net rental income or loss

  total $1,405,577 · related or exempt $1,405,577

• 7a · Gross sales of assets other than inventory

  securities $2,141,977

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

  securities $2,164,660

• 7c · Gain or loss

  securities -$22,683

• 7d · Net gain or loss

  total -$22,683 · excluded -$22,683

• 8a · Fundraising events: gross income

  $322,563

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

  $833,996

• 8b · Fundraising events: direct expenses

  $147,506

• 8c · Net income from fundraising events

  total $175,057 · excluded $175,057

• 9a · Gaming: gross income

  $21,150

• 9b · Gaming: direct expenses

  $970

• 9c · Net income from gaming

  total $20,180 · excluded $20,180

• 10a · Gross sales of inventory

  $33,731

• 10b · Cost of goods sold

  $3,620

• 10c · Net income from sales of inventory

  total $30,111 · related or exempt $30,111

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $716,500 · program services $61,950 · management and general $436,050 · fundraising $218,500

• 7 · Other salaries and wages

  total $2,817,035 · program services $2,074,080 · management and general $398,006 · fundraising $344,949

• 8 · Pension plan contributions

  total $54,426 · program services $33,555 · management and general $12,456 · fundraising $8,415

• 9 · Other employee benefits

  total $449,693 · program services $269,739 · management and general $107,400 · fundraising $72,554

• 10 · Payroll taxes

  total $260,851 · program services $157,491 · management and general $61,687 · fundraising $41,673

• 11a · Fees: management

  total $15,484 · management and general $15,484

• 11b · Fees: legal

  total $1,640 · management and general $1,640

• 11c · Fees: accounting

  total $59,612 · management and general $59,612

• 11f · Fees: investment management

  total $130,044 · management and general $130,044

• 11g · Fees: other

  total $249,259 · program services $159,410 · management and general $71,461 · fundraising $18,388

• 12 · Advertising and promotion

  total $84,821 · program services $18,699 · management and general $52,692 · fundraising $13,430

• 13 · Office expenses

  total $56,003 · program services $44,795 · management and general $746 · fundraising $10,462

• 14 · Information technology

  total $100,404 · program services $91,538 · management and general $4,539 · fundraising $4,327

• 17 · Travel

  total $25,332 · program services $11,154 · management and general $5,119 · fundraising $9,059

• 19 · Conferences, conventions and meetings

  total $45,703 · program services $17,258 · management and general $23,098 · fundraising $5,347

• 22 · Depreciation, depletion and amortization

  total $741,873 · program services $677,923 · management and general $31,975 · fundraising $31,975

• 23 · Insurance

  total $167,360 · program services $152,934 · management and general $7,213 · fundraising $7,213

• 24a · Other expenses: ARTIST FEES AND HOSPITA

  total $596,329 · program services $589,843 · management and general $5,299 · fundraising $1,187

• 24b · Other expenses: MAINTENANCE AND REPAIRS

  total $402,701 · program services $378,163 · management and general $12,961 · fundraising $11,577

• 24c · Other expenses: TELEPHONE AND UTILITIES

  total $232,533 · program services $197,510 · management and general $20,099 · fundraising $14,924

• 24d · Other expenses: PRODUCTION

  total $94,263 · program services $89,857 · management and general $1,016 · fundraising $3,390

• 24e · All other expenses

  total $218,908 · program services $85,877 · management and general $67,631 · fundraising $65,400

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,197 · end of year $6,700

• 2 · Savings and temporary cash investments

  beginning of year $3,440,889 · end of year $4,604,217

• 3 · Pledges and grants receivable

  beginning of year $616,711 · end of year $417,001

• 4 · Accounts receivable

  beginning of year $82,950 · end of year $19,573

• 8 · Inventories for sale or use

  beginning of year $6,446 · end of year $6,446

• 9 · Prepaid expenses and deferred charges

  beginning of year $113,062 · end of year $228,534

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

  $22,489,570

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

  $16,456,650

• 10c · Land, buildings and equipment, net

  beginning of year $6,305,591 · end of year $6,032,920

• 11 · Investments: publicly traded securities

  beginning of year $30,610,182 · end of year $33,233,577

• 12 · Investments: other securities

  beginning of year $6,487,486 · end of year $6,323,114

• 15 · Other assets

  beginning of year $9,797 · end of year $40,039

• 17 · Accounts payable and accrued expenses

  beginning of year $651,313 · end of year $721,326

• 19 · Deferred revenue

  beginning of year $1,230,088 · end of year $1,237,509

• 25 · Other liabilities

  beginning of year $31,122 · end of year $47,884

• 27 · Net assets without donor restrictions

  beginning of year $9,551,975 · end of year $10,045,603

• 28 · Net assets with donor restrictions

  beginning of year $36,215,813 · end of year $38,859,799

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION COMMITTEE MADE UP OF TRUSTEES AND INDEPENDENT MEMBERS REVIEWS SALARY COMPARISONS IN ORDER TO ENSURE FAIR EXECUTIVE PAY.