Stamford Center For The Arts Inc
- Assets
- $18.7m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 126
- Location
- Stamford, CT
- Founding
- 12/1982
- Data as of
- 06/2022
- EIN
- 06-1048684
Organization Overview
Stamford Center For The Arts Inc is located in Stamford, CT. The organization was established in 1982. 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 06/2022, Stamford Center For The Arts Inc employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stamford Center For The Arts Inc 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 06/2022, Stamford Center For The Arts Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENTERTAIN, EDUCATE AND ENRICH THE DIVERSE POPULATION OF STAMFORD, AND FAIRFIELD COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER OPERATIONS RENTALS AND EVENTS - THE RICH FORUM FACILITY IS LEASED FOR TELEVISION PROGRAMMING AND THE PALACE FACILITY IS RENTED TO VARIOUS GROUPS TO PROVIDE LIVE ENTERTAINMENT. VARIOUS CULTURAL AND THEATRICAL EVENTS ARE PRESENTED.
EDUCATION - AN EDUCATION PROGRAM IS CONDUCTED WHICH INVOLVES PEOPLE OF DIFFERENT AGES AND SOCIOECONOMIC BACKGROUNDS IN CULTURAL PROGRAMS, AND PROVIDES THEM WITH THE OPPORTUNITY TO EXPERIENCE FIRST HAND THE EXCITEMENT OF THE PERFORMING ARTS BY ALLOWING THEM TO ATTEND THEATRICAL PRODUCTIONS, ATTEND SUMMER CAMPS AND BY HAVING ARTISTS VISIT LOCAL SCHOOLS AND COMMUNITY CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael E Moran Jr President And CEO | Officer | 40 | $179,894 |
Jason Pietrangeli Chief Financial Officer | Officer | 40 | $145,395 |
Randall Thomas Director Of Production & F | 40 | $122,232 | |
Jonathan E Lipschutz Treasurer | OfficerTrustee | 1 | $0 |
Michael P Byrne VP - Strategic Planning | OfficerTrustee | 1 | $0 |
Nancy Erskine Vice President-Governance | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Co-communications Inc Marketing | 6/29/22 | $168,000 |
Chicago Live Events Inc Artist Fee | 6/29/22 | $135,000 |
Irwin Seating Company Balcony Seating | 6/29/22 | $129,701 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,250 |
| Related organizations | $0 |
| Government grants | $3,152,430 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,464,125 |
| Total Program Service Revenue | $3,560,554 |
| Investment income | $1,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,026,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $447,522 |
| Compensation of current officers, directors, key employees. | $131,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,023,162 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $222,316 |
| Payroll taxes | $108,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $248,172 |
| Advertising and promotion | $241,456 |
| Office expenses | $0 |
| Information technology | $134,427 |
| Royalties | $0 |
| Occupancy | $252,335 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $79,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $992,510 |
| Insurance | $0 |
| All other expenses | $1,478 |
| Total functional expenses | $5,384,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,451,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,500 |
| Accounts receivable, net | $192,982 |
| 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 | $187,506 |
| Net Land, buildings, and equipment | $14,874,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,714,807 |
| Accounts payable and accrued expenses | $225,028 |
| Grants payable | $0 |
| Deferred revenue | $525,092 |
| 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 | $1,356,809 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,106,929 |
| Net assets without donor restrictions | $14,927,985 |
| Net assets with donor restrictions | $1,679,893 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,714,807 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Stamford Center For The Arts Inc has recieved totaling $50,623.
| Awarding Organization | Amount |
|---|---|
Whittingham Family Foundation Inc Stamford, CT PURPOSE: GENERAL | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,950 |
S & L Marx Foundation Inc Wilmington, DE PURPOSE: EDUCATIONAL OUTREACH PROGRAMS | $5,000 |
George J & Jessica Harris Foundation Stamford, CT PURPOSE: PERFORMING ARTS | $5,000 |
Eversource Energy Foundation Inc Hartford, CT PURPOSE: SUPPORT FOR THE SUMMER ARTS PROGRAMS FOR YOUTH | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $98 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |
Cabot Performing Arts Center Inc Beverly, MA | $9,302,777 | $5,349,464 |
Boston Center For The Arts Inc Boston, MA | $29,580,802 | $3,268,105 |
Sheas Oconnel Preservation Guild Ltd Buffalo, NY | $23,711,846 | $2,193,834 |