Actors Studio is located in New York, NY. The organization was established in 1957. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Actors Studio employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Actors Studio 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, Actors Studio generated $472.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $942.1k during the year ending 06/2022. 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
PROVIDES A PLACE WHERE PROFESSIONAL ACTORS CAN WORK TOGETHER TO CONTINUE TO DEVELOP THEIR TALENT AND TO EXPERIMENT WITH NEW FORMS IN CREATIVE THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STUDIO PROVIDES A PLACE FOR PROFESSIONAL ACTORS TO ENHANCE THEIR CRAFT VIA SESSIONS TO MUTUALLY CRITIQUE THEIR WORK WITH OTHER MEMBERS. PERFORMANCES ARE OPEN TO THE GENERAL PUBLIC.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Pacino Co-President | OfficerTrustee | 1 | $0 |
Alec Baldwin Co-President | OfficerTrustee | 1 | $0 |
Andreas Manolikakis Director | Trustee | 1 | $0 |
Barbara Bain Director | Trustee | 1 | $0 |
Barry Primus Director | Trustee | 1 | $0 |
Beau Gravitte Director | Trustee | 30 | $55,000 |
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $228,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,742 |
| Total Program Service Revenue | $44,015 |
| Investment income | $57,549 |
| 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 | $472,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $229,157 |
| Compensation of current officers, directors, key employees. | $41,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,782 |
| Payroll taxes | $34,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,292 |
| Fees for services: Accounting | $24,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,575 |
| Information technology | $3,800 |
| Royalties | $0 |
| Occupancy | $29,611 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,235 |
| Insurance | $53,864 |
| All other expenses | $27,177 |
| Total functional expenses | $942,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,474 |
| Savings and temporary cash investments | $4,530,541 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,392 |
| 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 | $879 |
| Net Land, buildings, and equipment | $859,355 |
| Investments—publicly traded securities | $2,345,211 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,900,852 |
| Accounts payable and accrued expenses | $33,329 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,329 |
| Net assets without donor restrictions | $7,706,355 |
| Net assets with donor restrictions | $161,168 |
| 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 | $7,900,852 |