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Nonprofiteer
← SMITH CENTER FOR THE ARTS INC

Form 990 for tax year 2023

Filed by SMITH CENTER FOR THE ARTS INC.

Totals

Total revenue
$840,312
Total expenses
$799,259
Contributions and grants received
$291,686
Grants paid
$0
Program service revenue
$425,658
Investment income
$73,107
Other revenue
$49,861
Total assets, end of year
$2,431,909
Total liabilities, end of year
$535,915
Net assets or fund balances, end of year
$1,895,994
Program services expenses (Part IX)
$617,819
Management and general expenses
$181,440
Fundraising expenses
$0
Program service expenses (Part III)
$617,819

Program services were 77.3% 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)

    $124,750

  • 1f · All other contributions, gifts and grants

    $166,936

  • 2a · Program service revenue: THEATER PROGRAMMING

    total $385,528 · related or exempt $385,528

  • 2b · Program service revenue: MEMBERSHIP FEES

    total $40,130 · related or exempt $40,130

  • 3 · Investment income

    total $51,625 · excluded $51,625

  • 7a · Gross sales of assets other than inventory

    securities $21,482

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

    securities $0

  • 7c · Gain or loss

    securities $21,482

  • 7d · Net gain or loss

    total $21,482 · excluded $21,482

  • 8a · Fundraising events: gross income

    $65,500

  • 8b · Fundraising events: direct expenses

    $17,429

  • 8c · Net income from fundraising events

    total $48,071 · excluded $48,071

  • 11a · Other revenue: OTHER

    total $1,790 · related or exempt $1,790

  • 11e · Other revenue, total

    $1,790

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $84,961 · program services $53,718 · management and general $31,243

  • 7 · Other salaries and wages

    total $216,235 · program services $136,719 · management and general $79,516

  • 9 · Other employee benefits

    total $13,945 · program services $8,817 · management and general $5,128

  • 10 · Payroll taxes

    total $25,798 · program services $16,311 · management and general $9,487

  • 11c · Fees: accounting

    total $9,885 · management and general $9,885

  • 11g · Fees: other

    total $122,152 · program services $109,336 · management and general $12,816

  • 12 · Advertising and promotion

    total $37,539 · program services $37,539

  • 13 · Office expenses

    total $14,608 · program services $3,832 · management and general $10,776

  • 16 · Occupancy

    total $70,717 · program services $63,645 · management and general $7,072

  • 20 · Interest

    total $10,529 · management and general $10,529

  • 22 · Depreciation, depletion and amortization

    total $113,913 · program services $113,913

  • 23 · Insurance

    total $22,097 · program services $19,674 · management and general $2,423

  • 24a · Other expenses: PRODUCTION AND TECHNICA

    total $31,162 · program services $31,162

  • 24b · Other expenses: CONCESSIONS AND RESALE

    total $18,371 · program services $18,371

  • 24c · Other expenses: OTHER EXPENSES

    total $5,814 · program services $3,249 · management and general $2,565

  • 24d · Other expenses: PRINTING AND COPYING

    total $1,533 · program services $1,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $242,264 · end of year $121,170

  • 2 · Savings and temporary cash investments

    beginning of year $421,210 · end of year $487,124

  • 3 · Pledges and grants receivable

    beginning of year $1,000 · end of year $77,250

  • 4 · Accounts receivable

    beginning of year $1,436 · end of year $7,417

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,640 · end of year $20,065

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

    $4,840,540

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

    $3,448,791

  • 10c · Land, buildings and equipment, net

    beginning of year $1,318,119 · end of year $1,391,749

  • 11 · Investments: publicly traded securities

    beginning of year $423,484 · end of year $327,134

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,925 · end of year $4,195

  • 19 · Deferred revenue

    beginning of year $18,284 · end of year $17,337

  • 25 · Other liabilities

    beginning of year $500,000 · end of year $514,383

  • 27 · Net assets without donor restrictions

    beginning of year $1,655,580 · end of year $1,647,899

  • 28 · Net assets with donor restrictions

    beginning of year $199,364 · end of year $248,095

Mission and programs · 2023

Mission

WITH A DIVERSITY OF PARTNERSHIPS, THE SMITH HOSTS PERFORMANCES, EVENTS, AND CELEBRATIONS THAT CATALYZE CREATIVITY AND ENGAGE THE FINGER LAKES COMMUNITY. THE SMITH IS COMMITTED TO THE STEWARDSHIP OF ITS STUNNING THEATER AND ENSURING ITS RELEVANCE TO TODAY'S ARTISTS AND AUDIENCES.

  • PROVIDES A FORUM FOR LIVE AND FILM ART PROGRAMS. THE PERFORMANCES PROVIDE CULTURAL ENHANCEMENT FOR A WIDE VARIETY OF PATRONS SPANNING THE FINGER LAKES REGION.

    Expenses $617,819 · Revenue $427,448

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

Listed in Part VII

  • Rebecca Burditt

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Shanelle France

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paul Perrotto

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nancy McDermott

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Annie Bickham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martha Bond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sim Covington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robb Flowers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Goulet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Grela

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Hesler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jenny Menges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mara O'Laughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Shelton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ford Weiskittel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susie Monagan

    EXECUTIVE DIRECTOR

    Total calculated
    $84,961
    From this org
    $84,961
    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
2023
Filed
23 September 2024
IRS schema version
2023v5.1
Source object
202432679349300963

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