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Nonprofiteer
← THE APOLLO THEATER FOUNDATION INC

Form 990 for tax year 2022

Filed by THE APOLLO THEATER FOUNDATION INC.

Totals

Total revenue
$17,794,172
Total expenses
$20,826,453
Contributions and grants received
$10,558,072
Grants paid
$86,620
Program service revenue
$6,079,356
Investment income
$632,984
Other revenue
$523,760
Total assets, end of year
$71,653,135
Total liabilities, end of year
$3,450,026
Net assets or fund balances, end of year
$68,203,109
Program services expenses (Part IX)
$14,877,269
Management and general expenses
$4,495,799
Fundraising expenses
$1,453,385
Program service expenses (Part III)
$14,877,269

Program services were 71.4% 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.

  • 1c · Fundraising events

    $1,454,597

  • 1e · Government grants (contributions)

    $1,380,577

  • 1f · All other contributions, gifts and grants

    $7,722,898

  • 2a · Program service revenue: FACILITY RENTAL

    total $3,218,570 · related or exempt $3,218,570

  • 2b · Program service revenue: ADMISSIONS

    total $2,670,236 · related or exempt $2,670,236

  • 2c · Program service revenue: LICENSING FEES

    total $190,550 · related or exempt $190,550

  • 3 · Investment income

    total $629,593 · excluded $629,593

  • 7a · Gross sales of assets other than inventory

    securities $4,335,705

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

    securities $4,332,314

  • 7c · Gain or loss

    securities $3,391

  • 7d · Net gain or loss

    total $3,391 · excluded $3,391

  • 8a · Fundraising events: gross income

    $1,556,431

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

    $1,454,597

  • 8b · Fundraising events: direct expenses

    $1,556,431

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $628,660

  • 10b · Cost of goods sold

    $197,338

  • 10c · Net income from sales of inventory

    total $431,322 · excluded $431,322

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $92,438 · excluded $92,438

  • 11e · Other revenue, total

    $92,438

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $86,620 · program services $86,620

  • 5 · Compensation of officers, directors and key employees

    total $1,316,817 · program services $538,046 · management and general $310,172 · fundraising $468,599

  • 7 · Other salaries and wages

    total $9,045,284 · program services $6,862,257 · management and general $1,758,901 · fundraising $424,126

  • 8 · Pension plan contributions

    total $126,104 · program services $97,988 · management and general $25,077 · fundraising $3,039

  • 9 · Other employee benefits

    total $1,378,647 · program services $1,002,578 · management and general $274,350 · fundraising $101,719

  • 10 · Payroll taxes

    total $1,006,540 · program services $721,039 · management and general $200,895 · fundraising $84,606

  • 11b · Fees: legal

    total $4,300 · management and general $4,300

  • 11c · Fees: accounting

    total $59,344 · management and general $59,344

  • 11f · Fees: investment management

    total $31,456 · management and general $31,456

  • 11g · Fees: other

    total $1,646,308 · program services $1,055,281 · management and general $482,811 · fundraising $108,216

  • 12 · Advertising and promotion

    total $579,125 · program services $574,544 · management and general $3,024 · fundraising $1,557

  • 13 · Office expenses

    total $1,497,045 · program services $782,733 · management and general $617,323 · fundraising $96,989

  • 16 · Occupancy

    total $331,526 · program services $324,036 · management and general $4,336 · fundraising $3,154

  • 17 · Travel

    total $313,160 · program services $202,500 · management and general $27,653 · fundraising $83,007

  • 20 · Interest

    total $479 · management and general $479

  • 22 · Depreciation, depletion and amortization

    total $1,467,514 · program services $1,467,514

  • 23 · Insurance

    total $308,683 · program services $301,709 · management and general $4,037 · fundraising $2,937

  • 24a · Other expenses: ARTIST FEES

    total $815,103 · program services $750,725 · management and general $47,878 · fundraising $16,500

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $625,922 · management and general $625,922

  • 24c · Other expenses: HOSPITALITY

    total $104,044 · program services $67,578 · management and general $3,796 · fundraising $32,670

  • 24e · All other expenses

    total $82,432 · program services $42,121 · management and general $14,045 · fundraising $26,266

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $643,863 · end of year $1,130,286

  • 2 · Savings and temporary cash investments

    beginning of year $27,576,819 · end of year $11,828,953

  • 3 · Pledges and grants receivable

    beginning of year $10,482,883 · end of year $10,270,455

  • 4 · Accounts receivable

    beginning of year $507,710 · end of year $385,062

  • 8 · Inventories for sale or use

    beginning of year $94,151 · end of year $97,713

  • 9 · Prepaid expenses and deferred charges

    beginning of year $282,848 · end of year $479,777

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

    $59,427,688

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

    $23,480,530

  • 10c · Land, buildings and equipment, net

    beginning of year $34,437,536 · end of year $35,947,158

  • 11 · Investments: publicly traded securities

    end of year $10,763,938

  • 15 · Other assets

    beginning of year $750,418 · end of year $749,793

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,155,465 · end of year $2,940,561

  • 19 · Deferred revenue

    beginning of year $376,947 · end of year $509,465

  • 24 · Unsecured notes and loans payable

    beginning of year $1,096,708 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $45,770,906 · end of year $42,387,669

  • 28 · Net assets with donor restrictions

    beginning of year $25,376,202 · end of year $25,815,440

Mission and programs · 2022

Mission

THE APOLLO THEATER IS A COMMISSIONER AND PRESENTER; CATALYST FOR NEW ARTISTS, AUDIENCES, AND CREATIVE WORKFORCE; AND PARTNER IN THE PROJECTION OF THE AFRICAN AMERICAN NARRATIVE AND ITS ROLE IN THE DEVELOPMENT OF AMERICAN AND GLOBAL CULTURE.THE APOLLO THEATER ENVISIONS A NEW AMERICAN CANON CENTERED ON CONTRIBUTIONS TO THE PERFORMING ARTS BY ARTISTS OF THE AFRICAN DIASPORA, IN AMERICA AND BEYOND.

Activities or mission (Part I)

THE APOLLO THEATER IS A COMMISSIONER AND PRESENTER; CATALYST FOR NEW ARTISTS, AUDIENCES, AND CREATIVE WORKFORCE; AND PARTNER IN THE PROJECTION OF THE AFRICAN AMERICAN NARRATIVE AND ITS ROLE IN THE DEVELOPMENT OF AMERICAN AND GLOBAL CULTURE.

  • THE APOLLO'S FY23 SEASON MARKED ITS FIRST FULL SEASON OF LIVE, IN-PERSON PROGRAMMING SINCE MARCH 2020 WITH A WIDE RANGE OF MULTI-DISCIPLINARY PROGRAMS THAT SERVED 172,164 DIVERSE AUDIENCE MEMBERS. THE FY23 SEASON THEME WAS THE NEXT MOVEMENT, AS PROGRAMMING LOOKED TO THE FUTURE TO GATHER CULTURE MAKERS AND THOUGHT LEADERS WHO REPRESENT CONTEMPORARY AFRICAN AMERICAN AND DIASPORIC CREATIVITY IN DANCE, MUSIC, THEATRE, AND DIALOGUE. HIGHLIGHTED ACCOMPLISHMENTS INCLUDE INTIMATE CONVERSATIONS FEATURING EDWARD ENNINFUL WITH LUPITA NYONG'O AND FAT JOE WITH SURPRISE PERFORMANCES BY BUSTA RHYMES, DOUGIE FRESH, BIG DADDY KANE, SLICK RICK, AND MELLY MEL; THE HISTORIC PRESENTATION OF CAMILLE A. BROWN & DANCERS' INK!, PRODUCED IN COLLABORATION WITH THE JOYCE THEATER; (CONTINUED ON SCHEDULE O)THE BLUES AND ITS PEOPLE, A SPECIAL ONE-NIGHT-ONLY CONCERT COMPOSED BY RUSSELL GUNN IN RESPONSE TO SELECTED PASSAGES FROM AMIRI BARAKA'S PERENNIAL TEXT, BLUES PEOPLE (NEGRO MUSIC IN WHITE AMERICA); SALON SERIES PRESENTATIONS OF APOLLO NEW WORKS, SALT CITY BY JESSICA CARE MOORE AND AKU KADOGO AND DREAM, GIRL! BY LISA ROSETTA STRUM; AND THE 2023 AFRICA NOW! FESTIVAL, THAT PRESENTED CONTEMPORARY MUSICIANS, CULTURAL INNOVATORS, AND GLOBAL THINKERS WHO ARE TRANSFORMING HOW AFRICA ENGAGES THE WORLD.

    Expenses $11,008,228 · Grants $68,554 · Revenue $6,079,356

  • EDUCATION AND COMMUNITY ENGAGEMENTTHE APOLLO REMAINS A LEADING CULTURAL ANCHOR FOR UPPER MANHATTAN AND THE 125TH STREET CORRIDOR, ENGAGING AN ANNUAL AUDIENCE OF MORE THAN150,000, INCLUDING HARLEM AND NEW YORK RESIDENTS AS WELL AS NATIONAL AND INTERNATIONAL TOURISTS. IN ADDITION TO PERFORMING ARTS, THE APOLLO OFFERS COMMUNITY PROGRAMS THAT ADDRESS IMPORTANT ISSUES AND MEANINGFULLY ENGAGE OUR NEIGHBORHOOD INCLUDING: A FREE ANNUAL OPEN HOUSE; APOLLO HISTORIC BACKSTAGE TOURS; SUBSIDIZED TICKETING PROGRAMS THE FREE UPTOWN HALL SERIES FOSTERING DIALOGUE AROUND PRESSING ISSUES IN OUR COMMUNITY;(CONTINUED ON SCHEDULE O)A MONTH OF FREE AND AFFORDABLE HOLIDAY PROGRAMMING EACH DECEMBER; AND AN ARRAY OF FREE AND LOW-COST PROGRAMS THROUGHOUT THE YEAR, INCLUDING A WIDE-REACHING TICKET ACCESS PROGRAM ENSURING BROAD ACCESSIBILITY TO THE THEATER'S RANGE OF PERFORMING ARTS AND ENTERTAINMENT. THE APOLLO THEATER IS COMMITTED TO ENGAGING STUDENTS AND YOUTH THROUGH INNOVATIVE EDUCATION INITIATIVES. THE APOLLO THEATER ACADEMY OFFERS HANDS-ON PROGRAMS TO DEVELOP CAREER AND LEADERSHIP SKILLS IN UNDER-SERVED TEENS BY ENGAGING THEM IN "BEHIND THE SCENES" ARTS AND ENTERTAINMENT PROFESSIONS INCLUDING TECHNICAL THEATER APPRENTICESHIPS, ADMINISTRATIVE INTERNSHIPS, AND INFORMATIVE PANEL DISCUSSIONS. THE APOLLO ORAL HISTORY PROJECT IS AN IN-DEPTH IN-SCHOOL PROGRAM WHERE HARLEM STUDENTS TRANSFORM LOCAL HISTORY INTO ORIGINAL THEATRICAL AND MULTIMEDIA PROJECTS. EXTENDING THE APOLLO EXPERIENCE TO A NEW GENERATION OF THEATERGOERS WHILE SUPPORTING CLASSROOM LEARNING AND IN-SCHOOL WORK, SCHOOL DAY LIVE AND FAMILY SHOWTIME PERFORMANCES ALLOW MORE THAN 11,000 STUDENTS, TEACHERS, AND FAMILIES TO EXPERIENCE WORLD-CLASS PERFORMING ARTS PRESENTATIONS ON THE APOLLO STAGES. THROUGH ITS PERFORMING ARTS PROGRAM, EDUCATION AND COMMUNITY INITIATIVES, AND OTHER ENDEAVORS SUCH AS DIGITAL MEDIA AND THE ARCHIVES, THE ICONIC APOLLO THEATER EXTENDS ITS LEGACY AS A WORLD RENOWNED PERFORMING ARTS CENTER AND A NURTURING HOME FOR DIVERSE ARTISTS. THE THEATER CONTINUES TO SHOWCASE POPULAR AND EMERGING TALENT AND ENGAGE AUDIENCES WITH ITS ARTISTIC, EDUCATION AND COMMUNITY PROGRAMMING. WITH DEMONSTRATED LONGEVITY AS A SIGNIFICANT AMERICAN CULTURAL CENTER, THE APOLLO REMAINS A CELEBRATED AND ACCESSIBLE VENUE FOR DIVERSE AUDIENCES, ARTISTS AND COMMUNITIES.

    Expenses $3,869,041 · Grants $18,066

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

Listed in Part VII

  • CHARLES PHILLIPS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • RICHARD PARSONS

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • RONALD O PERELMAN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA MILLER ZOLLAR

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • WILLIE E WOODS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAISEY M HOLMES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TINA R DAVIS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AARON HOLIDAY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEREK JONES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KWANZA JONES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT K KRAFT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAROLYN MINICK MASON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN MORRISON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RACQUEL ODEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAREN L PAVLIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOANN PRICE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HOWARD SCHIFFMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRONSON VAN WYCK

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAWANNA WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHARRELL WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATHANIEL ZILKHA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONELLE PROCOPE

    PRESIDENT & CEO

    Total calculated
    $402,696
    From this org
    $367,472
    From related orgs
    $0
    Other
    $35,224
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $367,472
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,224
    Filer's total
    $402,696

  • ALDO SCROFANI

    COO

    Total calculated
    $348,546
    From this org
    $336,346
    From related orgs
    $0
    Other
    $12,200
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $336,346
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $0
    Filer's total
    $348,546

  • DONNA LIEBERMAN

    SR. DIRECTOR OF DEVELOPMENT

    Total calculated
    $263,942
    From this org
    $245,916
    From related orgs
    $0
    Other
    $18,026
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $245,916
    Bonus
    $0
    Other
    $0
    Deferred
    $6,288
    Nontaxable benefits
    $11,738
    Filer's total
    $263,942

  • KAMILAH FORBES

    EXECUTIVE PRODUCER

    Total calculated
    $268,654
    From this org
    $262,731
    From related orgs
    $0
    Other
    $5,923
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $262,731
    Bonus
    $0
    Other
    $0
    Deferred
    $5,923
    Nontaxable benefits
    $0
    Filer's total
    $268,654

  • KELLY MCKAIG

    SR. DIRECTOR OF FINANCE

    Total calculated
    $192,244
    From this org
    $178,109
    From related orgs
    $0
    Other
    $14,135
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $178,109
    Bonus
    $0
    Other
    $0
    Deferred
    $5,869
    Nontaxable benefits
    $8,266
    Filer's total
    $192,244

  • LAURA E GREER

    ASSOCIATE PRODUCER

    Total calculated
    $154,414
    From this org
    $146,384
    From related orgs
    $0
    Other
    $8,030
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $146,384
    Bonus
    $0
    Other
    $0
    Deferred
    $5,939
    Nontaxable benefits
    $2,091
    Filer's total
    $154,414

  • FATIMA JONES

    SR. DIRECTOR OF MARKETING

    Total calculated
    $171,054
    From this org
    $163,875
    From related orgs
    $0
    Other
    $7,179
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $163,875
    Bonus
    $0
    Other
    $0
    Deferred
    $6,579
    Nontaxable benefits
    $600
    Filer's total
    $171,054

  • LEATRICE L ELLZY-MCNAIR

    SR. DIRECTOR OF PROGRAMMING

    Total calculated
    $152,000
    From this org
    $152,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $152,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,000

  • SHIRLEY TAYLOR

    SR. DIRECTOR OF EDUCATION

    Total calculated
    $155,740
    From this org
    $144,676
    From related orgs
    $0
    Other
    $11,064
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $144,676
    Bonus
    $0
    Other
    $0
    Deferred
    $5,990
    Nontaxable benefits
    $5,074
    Filer's total
    $155,740

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349310255

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