Arts Center And Theater Of Schenectady Inc
- Assets
- $59.5m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 91
- Location
- Schenectady, NY
- Founding
- 11/1978
- Data as of
- 12/2021
- EIN
- 14-1602083
Organization Overview
Arts Center And Theater Of Schenectady Inc, operating under the name Proctors, is located in Schenectady, NY. The organization was established in 1978. 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, Proctors employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proctors 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, Proctors generated $17.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $6.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ARTS CENTER & THEATRE OF SCHENECTADY (ACTS) IS TO PROVIDE A DIVERSE PROGRAM OF EXCELLENT PERFORMING ARTS EVENTS, TO RESTORE AND PRESERVE THE BEAUTIFUL PROCTOR'S THEATRE, TO SERVE AS A CULTURAL CENTER FOR THE CAPITAL REGION AND, TO THE EXTENT THAT RESOURCES AND THE CERTIFICATE OF INCORPORATION PERMIT, SUPPORT ACTIVITIES THAT CONTRIBUTE TO THE ECONOMIC DEVELOPMENT AND QUALITY OF LIFE IN THE REGION.
Describe the Organization's Program Activity:
ARTS CENTER AND THEATRE OF SCHENECTADY, INC. ("ACTS") IS A PERFORMING ARTS FACILITY AND REGIONAL CULTURAL SERVICE PROVIDER. ITS MISSION: THROUGH ARTS AND COMMUNITY LEADERSHIP, TO BE A CATALYST FOR EXCELLENCE IN EDUCATION, SUSTAINABLE ECONOMIC DEVELOPMENT AND RICH CIVIC ENGAGEMENT, TO ENHANCE THE QUALITY OF LIFE IN THE GREATER CAPITAL REGION. FROM TOURING BROADWAY PRODUCTIONS TO INTIMATE CONCERTS, FROM GRADUATIONS AND SPELLING BEES TO THE WINTER FARMER'S MARKET, PROCTORS IS A HAVEN FOR ARTS AND COMMUNITY EVENTS OF ALL KINDS, A LIVING ROOM FOR THE REGION. IT PROVIDES HEATING AND COOLING TO MOST OF THE DOWNTOWN BLOCK. AND IT ALSO PROVIDES A CULTURAL SERVICE PLATFORM FOR OTHER ORGANIZATIONS, INCLUDING TICKETING SERVICES AND ADMINISTRATIVE FUNCTIONS FOR NEIGHBORING ARTS ORGANIZATIONS.
FOR MORE THAN 30 YEARS, PROCTORS HAS CULTIVATED AUDIENCES OF ALL AGES THROUGH A VIBRANT ARTS EDUCATION PROGRAM. IN 2014, WE EXPANDED THAT INITIATIVE TO ALIGN WITH THE ORGANIZATION'S MISSION AND STRATEGIC VISION UNDER A COLLABORATIVE SCHOOL OF THE ARTS, ONE OF THE MOST AMBITIOUS SUCH DEPARTMENTS IN THE COUNTRY. THE SCHOOL ENCOMPASSES PROCTORS, CAPITAL REPERTORY THEATRE AND UNIVERSAL PRESERVATION HALL AND SERVES OVER 45,000 PATRONS ANNUALLY. ALL PROGRAMS EMPHASIZE COLLABORATIONS WITH SCHOOL DISTRICTS, ARTISTS, ARTS ORGANIZATIONS, AND OTHER REGIONAL PARTNERS, WITH A SPECIAL FOCUS ON CAREER AND WORKFORCE TRAINING.
PROCTORS DESIGNATION AS MANAGER AND OPERATOR OF PUBLIC, EDUCATIONAL AND GOVERNMENT ACCESS CABLE TELEVISION BY THE CITY OF SCHENECTADY IN DECEMBER 2010 SPURRED THE CREATION OF A NEW BROADCAST ENTITY, OPEN STAGE MEDIA AT PROCTORS (OSM). OSM PUBLIC ACCESS IS A CONDUIT OPEN TO THE COMMUNITY. OSM PUBLIC ACCESS IS FREE CABLE CASTING DESIGNED FOR LOCAL IDEAS AND THOUGHTS ON CABLE TELEVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Morris Chief Executive Officer | Officer | 40 | $264,415 |
Christopher Musto Chief Financial Officer | Officer | 40 | $109,769 |
Daniel Hanifin Relationships Director | 40 | $106,995 | |
James Murphy Marketing Director | 40 | $106,204 | |
Jean Leonard Chief Of Staff | 40 | $105,565 | |
Paul B Harding Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Total Benefit Management Inc Stage Labor | 12/30/21 | $633,435 |
Summer First National Tour Llc Show Talent | 12/30/21 | $302,136 |
Capital Region Gaming Llc Show Talent | 12/30/21 | $256,660 |
Rsm Us Llp Accounting Services | 12/30/21 | $137,920 |
Collett Mechanical Inc Maintenance Services | 12/30/21 | $118,140 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,710,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,424,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,134,854 |
| Total Program Service Revenue | $1,409,803 |
| Investment income | $41,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $274,897 |
| 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 | $9,821 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,534,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $376,606 |
| Compensation of current officers, directors, key employees. | $99,829 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,156,750 |
| Pension plan accruals and contributions | $59,338 |
| Other employee benefits | $276,331 |
| Payroll taxes | $182,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,075 |
| Fees for services: Accounting | $103,244 |
| Fees for services: Lobbying | $9,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $601,198 |
| Advertising and promotion | $91,144 |
| Office expenses | $417,354 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,497 |
| Travel | $11,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $492,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,645,646 |
| Insurance | $155,701 |
| All other expenses | $0 |
| Total functional expenses | $6,943,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,109,139 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $212,478 |
| Accounts receivable, net | $8,369,757 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,825 |
| Prepaid expenses and deferred charges | $285,806 |
| Net Land, buildings, and equipment | $37,497,550 |
| Investments—publicly traded securities | $2,868,411 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,135,842 |
| Total assets | $59,537,808 |
| Accounts payable and accrued expenses | $765,512 |
| Grants payable | $0 |
| Deferred revenue | $8,432,846 |
| 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 | $8,905,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $589,785 |
| Total liabilities | $18,693,554 |
| Net assets without donor restrictions | $38,137,873 |
| Net assets with donor restrictions | $2,706,381 |
| 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 | $59,537,808 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Arts Center And Theater Of Schenectady Inc has recieved totaling $116,177.
| Awarding Organization | Amount |
|---|---|
Upstate Theater Coalition For A Fairgame Inc Schenectady, NY PURPOSE: SUPPORT OF THE ARTS | $57,891 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $24,200 |
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR ANNUAL BOARD MEMBER COMMITMENT, THE RESTART CAMPAIGN, AND UNRESTRICTED USE | $13,527 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
United Way Of Bergen County Paramus, NJ PURPOSE: DONOR DESIGNATION | $6,500 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $3,359 |
Endowment Analysis
| Beg. Balance | $2,228,673 |
| Earnings | $646,602 |
| Ending Balance | $2,875,275 |
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 |