Lincoln Center For The Performing Arts Inc
- Assets
- $838.8m
- Revenue
- $207.7m
- Investments
- $212.7m
- Employees
- 1,671
- Location
- New York, NY
- Founding
- 11/1963
- Data as of
- 06/2020
- EIN
- 13-1847137
Organization Overview
Lincoln Center For The Performing Arts Inc is located in New York, NY. The organization was established in 1963. 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 06/2020, Lincoln Center For The Performing Arts Inc employed 1,671 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Lincoln Center For The Performing Arts Inc generated $207.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $149.6m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lincoln Center For The Performing Arts Inc has awarded 13 individual grants totaling $2,220,620. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN, ENCOURAGE, AND PROMOTE THE PERFORMING ARTS AND TO EDUCATE THE PUBLIC WITH RELATION THERETO. SEE SCHEDULE O FOR CONTINUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITY SERVICES - LINCOLN CENTER FOR THE PERFORMING ARTS PROVIDES FACILITY MAINTENANCE, PARKING, SECURITY AND CLEANING SERVICES FOR ELEVEN CONSTITUENT ORGANIZATIONS COMPRISING LINCOLN CENTER AND THE 16.3-ACRE AREA WHERE MOST RESIDE. PRIOR TO THE COVID-19 PANDEMIC, APPROXIMATELY 6.5 MILLION VISITORS FROM AROUND THE WORLD, INCLUDING APPROXIMATELY 4.5 MILLION AUDIENCE MEMBERS AT TICKETED AND FREE PERFORMANCES, SPECIAL EVENTS, AND CIVIC CELEBRATIONS, VISITED THE LINCOLN CENTER CAMPUS ANNUALLY.
PERFORMANCE PROGRAMMING - PRIOR TO THE COVID-19 PANDEMIC, LINCOLN CENTER FOR THE PERFORMING ARTS ANNUALLY PRESENTED OR PRODUCED SEVEN ANNUAL LIVE PERFORMANCE SERIES: AMERICAN SONGBOOK, GREAT PERFORMERS, LINCOLN CENTER OUT OF DOORS, MIDSUMMER NIGHT SWING, THE NEWLY EXPANDED MOSTLY MOZART FESTIVAL, WHITE LIGHT FESTIVAL, AND PROGRAMMING AT THE DAVID RUBENSTEIN ATRIUM. THESE SERIES COLLECTIVELY OFFERED PERFORMANCES YEAR-ROUND, WITH SPECIAL EMPHASIS ON EVENTS DURING THE SUMMER MONTHS WHEN MOST CONSTITUENTS ARE OFF-SEASON. SEE SCHEDULE O FOR CONTINUATION.
LINCOLN CENTER REDEVELOPMENT - LINCOLN CENTER DEVELOPMENT PROJECT EMBRACES LINCOLN CENTER'S GOAL OF FOSTERING THE PERFORMING ARTS TO IMPROVE THE CULTURAL LIFE OF COMMUNITIES THROUGHOUT THE UNITED STATES AND THE WORLD BY OVERSEEING THE ACTIVITIES ASSOCIATED WITH RENOVATING, MODERNIZING AND RECONFIGURING BUILDINGS ON THE LINCOLN CENTER CAMPUS OPEN TO THE PUBLIC FOR EDUCATIONAL AND CULTURAL PERFORMANCES. IN ADDITION, INCLUDED IN TOTAL EXPENSES REPORTED ABOVE ARE $9,577,506 IN FINANCING COSTS RELATED TO CAMPUS CAPITAL PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liza Parker Former COO | 26 | $911,661 | |
Russell Granet Former Evp, Acting President | 29 | $727,290 | |
Henry Timms President & CEO | Officer | 35 | $716,766 |
Peter Flamm Vp,concert Halls & Operations | Officer | 23 | $688,185 |
Tamar C Podell Evp, Chief Development Officer | Officer | 35 | $685,556 |
Robert Cundall Evp & Chief Financial Officer | Officer | 35 | $477,339 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gemini Music Productions Artist Fees | 6/29/20 | $1,537,847 |
Restaurant Associates Caterers Catering | 6/29/20 | $1,208,145 |
Nicholson Galloway Inc Building Improvement | 6/29/20 | $1,054,922 |
Thyssenkrupp Elevator Corp Elevator Service | 6/29/20 | $753,035 |
Specialty Construction System Inc Construction Firm | 6/29/20 | $1,815,764 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,971,017 |
| Fundraising events | $8,103,605 |
| Related organizations | $0 |
| Government grants | $2,583,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,139,371 |
| Noncash contributions included in lines 1a–1f | $3,341,543 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,797,011 |
| Total Program Service Revenue | $65,175,449 |
| Investment income | $393,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,455,768 |
| Net Income from Fundraising Events | -$424,682 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $46,783 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,706,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,592,975 |
| Grants and other assistance to domestic individuals. | $157,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,970,739 |
| Compensation of current officers, directors, key employees. | $3,387,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,413,875 |
| Pension plan accruals and contributions | $4,847,131 |
| Other employee benefits | $11,843,714 |
| Payroll taxes | $4,624,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $182,813 |
| Fees for services: Accounting | $310,888 |
| Fees for services: Lobbying | $87,512 |
| Fees for services: Fundraising | $22,336 |
| Fees for services: Investment Management | $1,324,571 |
| Fees for services: Other | $2,095,357 |
| Advertising and promotion | $2,180,020 |
| Office expenses | $1,970,831 |
| Information technology | $2,066,792 |
| Royalties | $50,129 |
| Occupancy | $7,847,386 |
| Travel | $532,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400,837 |
| Interest | $9,577,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,813,701 |
| Insurance | $2,015,016 |
| All other expenses | $10,316,074 |
| Total functional expenses | $149,561,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,595 |
| Savings and temporary cash investments | $72,760,886 |
| Pledges and grants receivable | $114,277,556 |
| Accounts receivable, net | $14,009,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $618,977 |
| Prepaid expenses and deferred charges | $4,172,346 |
| Net Land, buildings, and equipment | $360,937,530 |
| Investments—publicly traded securities | $53,145,227 |
| Investments—other securities | $212,740,910 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,056,685 |
| Total assets | $838,780,356 |
| Accounts payable and accrued expenses | $21,343,687 |
| Grants payable | $0 |
| Deferred revenue | $31,134,206 |
| Tax-exempt bond liabilities | $248,569,655 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $30,000,000 |
| Other liabilities | $77,987,771 |
| Total liabilities | $409,035,319 |
| Net assets without donor restrictions | $106,852,522 |
| Net assets with donor restrictions | $322,892,515 |
| 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 | $838,780,356 |
Grants Awarded
Over the last fiscal year, Lincoln Center For The Performing Arts Inc has awarded $2,220,620 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: To provide funding for redevelopment of the Lincoln Center campus | $1,370,620 |
Bronx, NY PURPOSE: To support cultural innovation (see Part IV) | $85,000 |
Brooklyn, NY PURPOSE: To support cultural innovation (see Part IV) | $80,000 |
New York, NY PURPOSE: To support cultural innovation (see Part IV) | $80,000 |
Bronx, NY PURPOSE: To support cultural innovation (see Part IV) | $80,000 |
Brooklyn, NY PURPOSE: To support cultural innovation (see Part IV) | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Lincoln Center For The Performing Arts Inc has recieved totaling $2,291,927.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $593,180 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250,000 |
Susan S & Kenneth Wallach Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $250,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250,000 |
Robert C Baker Family Foundation Purchase, NY PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $200,000 |
The Central National-Gottesman Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $125,000 |
Endowment Analysis
| Beg. Balance | $258,003,645 |
| Earnings | $13,387,090 |
| Net Contributions | $6,000,713 |
| Other Expense | $11,380,553 |
| Grants | $100,747 |
| Ending Balance | $265,910,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lincoln Center For The Performing Arts Inc New York, NY | $838,780,356 | $207,706,971 |
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
New Jersey Performing Arts Center Corporation Newark, NJ | $234,886,790 | $61,354,488 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $50,280,440 | $24,412,009 |
Chautauqua Institution Chautauqua, NY | $118,476,230 | $15,373,676 |
New York City Center Inc New York, NY | $53,559,931 | $21,340,158 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Wang Theatre Inc Boston, MA | $13,670,531 | $13,423,297 |
Sheas Oconnel Preservation Guild Ltd Buffalo, NY | $22,697,237 | $14,476,818 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $55,404,363 | $10,735,757 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $15,867,791 | $11,091,486 |