Bardavon 1869 Opera House Inc
- Assets
- $12.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 130
- Location
- Poughkeepsie, NY
- Founding
- 03/1977
- Data as of
- 10/2020
- EIN
- 14-1585490
Organization Overview
Bardavon 1869 Opera House Inc is located in Poughkeepsie, NY. The organization was established in 1977. 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 10/2021, Bardavon 1869 Opera House Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bardavon 1869 Opera House 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 10/2020, Bardavon 1869 Opera House Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $2.4m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL PROGRAMS - TO PROVIDE LIVE PERFORMING ARTS, ARTS EDUCATION, AND FILMS FOR RESIDENTS OF THE MID-HUDSON VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL PROGRAMS - TO PROVIDE LIVE PERFORMING ARTS, ARTS EDUCATION, AND FILMS FOR RESIDENTS OF THE MID-HUDSON VALLEY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Strain Smythe President | OfficerTrustee | 1 | $0 |
Stacey Renner Vice President | OfficerTrustee | 1 | $0 |
Barbara Mauri Secretary | OfficerTrustee | 1 | $0 |
Tiffany Christiana Secretary (until March 2021) | OfficerTrustee | 1 | $0 |
Linda Hannigan Treasurer | OfficerTrustee | 1 | $0 |
Steven Chickery Immediate Past President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caaeast West Touring Performance | 6/29/17 | $370,000 |
Icmcrown Productions Inc Performance | 6/29/17 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,558,946 |
| Investment income | $58,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,536 |
| Net Gain/Loss on Asset Sales | $56,922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,644 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,382,908 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,704 |
| Payroll taxes | $6,969 |
| Fees for services: Management | $981,564 |
| Fees for services: Legal | $36,425 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $974 |
| Fees for services: Other | $362,213 |
| Advertising and promotion | $114,545 |
| Office expenses | $62,805 |
| Information technology | $43,561 |
| Royalties | $0 |
| Occupancy | $136,017 |
| Travel | $5,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45 |
| Interest | $34,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $345,329 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,389,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,926 |
| Savings and temporary cash investments | $613,143 |
| Pledges and grants receivable | $177,384 |
| Accounts receivable, net | $213,207 |
| 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 | $22,133 |
| Investments—publicly traded securities | $2,044,886 |
| Investments—other securities | $0 |
| Investments—program-related | $7,223,301 |
| Intangible assets | $0 |
| Other assets | $506,216 |
| Total assets | $12,797,234 |
| Accounts payable and accrued expenses | $19,270 |
| Grants payable | $0 |
| Deferred revenue | $254,459 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $500,000 |
| Secured mortgages and notes payable | $658,020 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,850 |
| Total liabilities | $1,442,599 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $11,354,635 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Bardavon 1869 Opera House Inc has recieved totaling $2,607,889.
| Awarding Organization | Amount |
|---|---|
Novo Foundation Kingston, NY PURPOSE: GENERAL SUPPORT | $2,000,000 |
Jane W Nuhn Charitable Trust Poughkeepsie, NY PURPOSE: MATCHING GRANT | $200,000 |
Upstate Theater Coalition For A Fairgame Inc Schenectady, NY PURPOSE: SUPPORT OF THE ARTS | $116,919 |
Dyson Foundation Millbrook, NY PURPOSE: MULTI-YEAR GRANT FOR GENERAL OPERATING SUPPORT. | $80,000 |
Dyson Foundation Millbrook, NY PURPOSE: MULTI-YEAR GRANT FOR GENERAL OPERATING SUPPORT. | $80,000 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY PURPOSE: ARTS, CULTURE & HUMANITIES | $65,970 |
Endowment Analysis
| Beg. Balance | $2,450,599 |
| Earnings | $662,591 |
| Other Expense | $15,242 |
| Ending Balance | $3,097,948 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
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 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |