Saratoga Springs Performing Arts Center Inc

Organization Overview

Saratoga Springs Performing Arts Center Inc is located in Saratoga Springs, 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 12/2019, Saratoga Springs Performing Arts Center Inc employed 442 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Saratoga Springs Performing Arts Center Inc generated $11.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $9.4m during the year ending 12/2019. While expenses have increased by 1.5% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PRESENT VIBRANT AND DIVERSE ARTISTIC PERFORMANCES THAT ENGAGE AND ENRICH THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRESENTATION OF THE PERFORMING ARTS IN ORDER TO SPONSOR, CULTIVATE AND DEVELOP AN UNDERSTANDING AND APPRECIATION OF SUCH ART BY THE CENTER'S MEMBERS AND THE COMMUNITY. WE PRESENT 70-80 EVENTS THROUGHOUT OUR SEASON, REACHING OVER 350,000 PEOPLE EACH YEAR IN THE AREAS OF DANCE, ORCHESTRA, OPERA, CHAMBER MUSIC, JAZZ, AND ROCK AND ROLL. OUR FACILITY IS THE SUMMER HOME TO THE PHILADELPHIA ORCHESTRA, THE NEW YORK CITY BALLET, AND THE CHAMBER MUSIC SOCIETY OF LINCOLN CENTER AT SPAC.


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Board, Officers & Key Employees

Name (title)Compensation
Elizabeth Sobol
President And CEO
$343,457
Edward Jay Lafond CPA
Chief Financial Officer
$141,431
Michele Desrosiers
Chief Marketing Officer
$131,224
Jeff Vukelic
Vice Chair
$0
Anthony R Ianniello ESQ
Treasurer
$0
Ronald Riggi
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
824 Productions
Production Services
$416,228
Mazzone Hospitality
Catering Fees
$407,056
Mlb Construction Services Llc
Construction
$519,086
Philadelphia Orchestra
Performance Fee
$1,649,786
Nyc Ballet
Performance Fee
$1,099,707
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,215,046
Fundraising events$254,945
Related organizations$0
Government grants $49,500
All other contributions, gifts, grants, and similar amounts not included above$3,144,455
Noncash contributions included in lines 1a–1f $98,303
Total Revenue from Contributions, Gifts, Grants & Similar$5,663,946
Total Program Service Revenue$2,984,372
Investment income $274,616
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $287,357
Net Gain/Loss on Asset Sales $49,619
Net Income from Fundraising Events $105,971
Net Income from Gaming Activities $45,718
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,091,486

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Saratoga Springs Performing Arts Center Inc has recieved totaling $40,811.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$10,611
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$10,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$10,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$5,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$5,000
Ross Family Foundation

Philadelphia, PA

PURPOSE: FOR GENERAL PURPOSES

$200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,322,314
Earnings$1,408,445
Admin Expense$60,957
Net Contributions$1,600
Ending Balance$8,671,402

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