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 12/2021, Saratoga Springs Performing Arts Center Inc employed 328 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Springs Performing Arts Center 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 12/2021, Saratoga Springs Performing Arts Center Inc generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 THE YEAR, 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
New York City Ballet
Performance Fees
$309,555
824 Productions
Production Services
$368,869
Mazzone Hospitality
Catering Fees
$147,213
Philadelphia Orchestra
Performance Fees
$457,695
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,934,200
Fundraising events$40,300
Related organizations$0
Government grants $3,468,355
All other contributions, gifts, grants, and similar amounts not included above$770,875
Noncash contributions included in lines 1a–1f $95,187
Total Revenue from Contributions, Gifts, Grants & Similar$7,213,730
Total Program Service Revenue$1,243,015
Investment income $394,840
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $213,610
Net Gain/Loss on Asset Sales $509,289
Net Income from Fundraising Events $13,350
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,810,263

Grants Recieved

Over the last fiscal year, we have identified 30 grants that Saratoga Springs Performing Arts Center Inc has recieved totaling $632,605.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$117,000
Linda Glazer Toohey Foundation

Des Moines, IA

PURPOSE: GENERAL NEEDS

$100,000
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: ARTS AND CULTURE

$63,450
Thomas And Diana Ryan Charitable Foundation Inc

West Palm Beach, FL

PURPOSE: UNRESTRICTED GIFT

$50,000
Charles R Wood Foundation

Wilmington, DE

PURPOSE: RE-OPENING THE LEWIS A. SWYER SCHOOL OF THE ARTS

$50,000
Upstate Theater Coalition For A Fairgame Inc

Schenectady, NY

PURPOSE: SUPPORT OF THE ARTS

$31,926
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,623,364
Earnings$2,052,772
Admin Expense$76,476
Net Contributions$16,117
Ending Balance$11,615,777

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