Horace Bushnell Memorial Hall Corporation
- Assets
- $70.0m
- Revenue
- $15.1m
- Investments
- $662.8k
- Employees
- 287
- Location
- Hartford, CT
- Founding
- 11/1934
- Data as of
- 06/2020
- EIN
- 06-0662112
Organization Overview
Horace Bushnell Memorial Hall Corporation is located in Hartford, CT. The organization was established in 1934. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Horace Bushnell Memorial Hall Corporation employed 287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horace Bushnell Memorial Hall Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Horace Bushnell Memorial Hall Corporation generated $15.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $17.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRESENTING & PRODUCING THEATRICAL PROPERTIES, CULTURAL PROGRAMS & EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUSHNELL IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO BENEFIT THE PUBLIC IN EDUCATIONAL AND CULTURAL ACTIVITIES AS WELL AS TO ENCOURAGE PUBLIC APPRECIATION OF MUSIC, ART, SCIENCE AND ALL BENEVOLENT, RELIGIOUS AND OTHER PUBLIC ACTIVITIES. THESE OBJECTIVES ARE MET PRINCIPALLY THROUGH THE OPERATIONS OF THE BUSHNELL AT WHICH EDUCATIONAL AND CULTURAL EVENTS ARE HELD. DUE TO COVID NO EVENTS WERE HELD DURING FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fay President & CEO | Officer | 40 | $353,394 |
Elizabeth Casasnovas Chief Development Officer | Officer | 40 | $170,041 |
Patricia Jackson CFO | Officer | 40 | $159,651 |
Stephanie Mcmullon Senior Director Developmen | 40 | $127,660 | |
Yolande Spears VP Education | Officer | 40 | $125,915 |
Eric Waldman VP Programming | Officer | 40 | $119,521 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North America Theatrix Digital Signage | 6/29/21 | $227,354 |
Rm Bradley Management Corporation Maintenance | 6/29/21 | $697,212 |
Hosanna Tour Llc Show - Jesus Christ Superstar | 6/29/21 | $543,492 |
Anastasia Us Touring Llc Show - Anastasia | 6/29/21 | $466,575 |
Connecticut Falun Dafa Assoc Inc Show - Shen Yun | 6/29/21 | $706,130 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,201,067 |
| Investment income | $616,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,110,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $991,579 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,528,356 |
| Pension plan accruals and contributions | $150,802 |
| Other employee benefits | $303,363 |
| Payroll taxes | $471,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,047 |
| Fees for services: Accounting | $56,523 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $183,625 |
| Fees for services: Investment Management | $75,993 |
| Fees for services: Other | $511,558 |
| Advertising and promotion | $828,454 |
| Office expenses | $621,890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,542,220 |
| Travel | $218,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $487,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,147,860 |
| Insurance | $338,908 |
| All other expenses | $0 |
| Total functional expenses | $17,133,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,708,535 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,320,169 |
| Accounts receivable, net | $390,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $297,466 |
| Investments—publicly traded securities | $23,759,821 |
| Investments—other securities | $662,756 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,948,822 |
| Total assets | $69,994,331 |
| Accounts payable and accrued expenses | $794,725 |
| Grants payable | $0 |
| Deferred revenue | $9,553,956 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,977,288 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $252,118 |
| Total liabilities | $17,578,087 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $52,416,244 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Horace Bushnell Memorial Hall Corporation has recieved totaling $555,890.
| Awarding Organization | Amount |
|---|---|
William And Alice Mortensen Foundation West Hartford, CT PURPOSE: PROGRAM ASSISTANCE | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $99,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $96,092 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: COVID-19 | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $24,920,821 |
| Earnings | $5,987,219 |
| Net Contributions | $261,191 |
| Other Expense | $3,040,680 |
| Ending Balance | $28,128,551 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Providence Performing Arts Center Providence, RI | $61,822,286 | $33,498,809 |
Wang Theatre Inc Boston, MA | $18,276,113 | $31,405,491 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Stamford Center For The Arts Inc Stamford, CT | $18,714,807 | $7,026,118 |
Palace Theater Group Inc Waterbury, CT | $7,137,767 | $7,444,031 |