Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $5,568,660

• 1f · All other contributions, gifts and grants

  $24,956,824

• 1g · Noncash contributions included above

  $653,284

• 2a · Program service revenue: TICKET SALES

  total $914,313 · related or exempt $914,313

• 3 · Investment income

  total $13,727 · excluded $13,727

• 6a · Gross rents

  real property $236,705

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $236,705

• 6d · Net rental income or loss

  total $236,705 · related or exempt $85,805 · unrelated business $150,900

• 7a · Gross sales of assets other than inventory

  securities $653,514

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

  securities $653,284

• 7c · Gain or loss

  securities $230

• 7d · Net gain or loss

  total $230 · excluded $230

• 11a · Other revenue: COMMISSION

  total $1,349,514 · excluded $1,349,514

• 11b · Other revenue: OTHER INCOME

  total $2,736 · excluded $2,736

• 11e · Other revenue, total

  $1,352,250

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,271,962 · program services $1,071,428 · management and general $1,200,534

• 7 · Other salaries and wages

  total $9,804,058 · program services $8,285,401 · management and general $785,813 · fundraising $732,844

• 8 · Pension plan contributions

  total $164,811 · program services $123,145 · management and general $11,897 · fundraising $29,769

• 9 · Other employee benefits

  total $2,224,280 · program services $1,830,288 · management and general $294,586 · fundraising $99,406

• 10 · Payroll taxes

  total $1,006,505 · program services $845,607 · management and general $103,556 · fundraising $57,342

• 11b · Fees: legal

  total $526,401 · program services $68,525 · management and general $457,876

• 11c · Fees: accounting

  total $98,046 · management and general $98,046

• 11e · Fees: professional fundraising services

  total $288,000 · fundraising $288,000

• 11g · Fees: other

  total $4,207,185 · program services $3,961,247 · management and general $238,441 · fundraising $7,497

• 12 · Advertising and promotion

  total $3,784,583 · program services $3,699,806 · fundraising $84,777

• 13 · Office expenses

  total $821,917 · program services $397,860 · management and general $409,502 · fundraising $14,555

• 14 · Information technology

  total $797,896 · program services $656,312 · management and general $141,584

• 15 · Royalties

  total $42,050 · program services $42,050

• 16 · Occupancy

  total $2,220,475 · program services $2,024,658 · management and general $187,285 · fundraising $8,532

• 17 · Travel

  total $389,934 · program services $263,312 · management and general $77,585 · fundraising $49,037

• 19 · Conferences, conventions and meetings

  total $3,011 · program services $3,011

• 22 · Depreciation, depletion and amortization

  total $7,919,330 · program services $6,200,388 · management and general $1,242,329 · fundraising $476,613

• 23 · Insurance

  total $1,480,451 · program services $1,159,109 · management and general $232,243 · fundraising $89,099

• 24a · Other expenses: OPENING EVENTS

  total $2,594,539 · program services $2,594,539

• 24b · Other expenses: STAGE PRODUCTION

  total $1,071,683 · program services $1,071,683

• 24c · Other expenses: EQUIPMENT & SUPPLIES

  total $834,776 · program services $760,993 · management and general $70,568 · fundraising $3,215

• 24d · Other expenses: SCENERY AND COSTUMES

  total $789,315 · program services $789,315

• 24e · All other expenses

  total $916,801 · program services $839,458 · management and general $74,496 · fundraising $2,847

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $18,089,884 · end of year $15,147,758

• 2 · Savings and temporary cash investments

  beginning of year $1,012,602 · end of year $1,026,329

• 3 · Pledges and grants receivable

  beginning of year $73,685,883 · end of year $45,637,253

• 4 · Accounts receivable

  beginning of year $0 · end of year $2,000

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $180,030

• 9 · Prepaid expenses and deferred charges

  beginning of year $121,468 · end of year $962,696

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

  $491,631,124

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

  $8,395,088

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $483,236,036

• 15 · Other assets

  beginning of year $495,445,342 · end of year $45,809,921

• 17 · Accounts payable and accrued expenses

  beginning of year $15,105,515 · end of year $4,522,882

• 19 · Deferred revenue

  beginning of year $100,000 · end of year $723,046

• 22 · Loans and payables to officers and key people

  beginning of year $23,000,000 · end of year $48,500,000

• 27 · Net assets without donor restrictions

  beginning of year $417,117,996 · end of year $445,825,340

• 28 · Net assets with donor restrictions

  beginning of year $133,031,668 · end of year $92,430,755

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PROVIDED FOR HOUSING EXPENSE AND ASSOCIATED TAX GROSS UP TO THE ARTISTIC DIRECTOR. THESE BENEFITS WERE TREATED AS TAXABLE COMPENSATION.

PART I, LINE 7

CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• WTC PERFORMING ARTS CENTER SUPPORT LLC

  STAFFING AGENCY · NY · income $0 · assets $0

  Directly controlled by WORLD TRADE CENTER PERFORMING ARTS CENTER INC