Arts Center And Theater Of Schenectady Inc
- Assets
- $50.3m
- Revenue
- $24.4m
- Investments
- $0.0
- Employees
- 226
- Location
- Schenectady, NY
- Founding
- 11/1978
- Data as of
- 12/2019
- 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 12/2019, Proctors employed 226 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, Proctors generated $24.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $26.0m during the year ending 12/2019. While expenses have increased by 9.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
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:
Part 3 - Line 4a
ARTS CENTER AND THEATRE OF SCHENECTADY, INC. ("ACTS") IS A PERFORMING ARTS FACILITY AND REGIONAL CULTURAL SERVICE PROVIDER. IN 2019, IT HOSTED 771 EVENTS ACROSS 2,816 PERFORMANCES, WITH 245,466 TICKETED PATRONS. 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.
ACTS' EDUCATION PROGRAMS IMPACT MORE THAN 30,000 STUDENTS PER YEAR.
ACTS OPERATES THREE CHANNELS OF PUBLIC ACCESS TELEVISION CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Morris Chief Executive Officer | Officer | 40 | $302,300 |
Christopher Musto Chief Financial Officer | Officer | 40 | $111,247 |
Daniel Hanifin Relationships Director | 40 | $108,482 | |
James Murphy Marketing Director | 40 | $107,188 | |
Paul B Harding Vice President | OfficerTrustee | 3 | $0 |
Heather Ward President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Total Benefit Management Stage Labor | 12/30/19 | $2,185,562 |
Jumamosi Tour Limited Partnership Show Talent | 12/30/19 | $639,603 |
Angelica Tour Llc Show Talent | 12/30/19 | $4,393,438 |
Buena Vista Theatrical Group Show Talent | 12/30/19 | $1,561,004 |
Phantom Touring Llc Show Talent | 12/30/19 | $1,015,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,900 |
| Related organizations | $0 |
| Government grants | $298,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,434,262 |
| Noncash contributions included in lines 1a–1f | $5,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,762,762 |
| Total Program Service Revenue | $19,595,919 |
| Investment income | $24,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $435,214 |
| Net Gain/Loss on Asset Sales | -$316,932 |
| Net Income from Fundraising Events | -$18,204 |
| Net Income from Gaming Activities | $13,632 |
| Net Income from Sales of Inventory | $464,932 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,412,009 |
| 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. | $424,756 |
| Compensation of current officers, directors, key employees. | $136,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,370,763 |
| Pension plan accruals and contributions | $106,973 |
| Other employee benefits | $790,679 |
| Payroll taxes | $450,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,331 |
| Fees for services: Accounting | $76,458 |
| Fees for services: Lobbying | $4,550 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,743,149 |
| Advertising and promotion | $1,452,808 |
| Office expenses | $1,559,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,550 |
| Travel | $67,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,472 |
| Interest | $535,230 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,547,652 |
| Insurance | $243,820 |
| All other expenses | $22,373 |
| Total functional expenses | $26,002,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $612,538 |
| Accounts receivable, net | $5,621,006 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $115,997 |
| Prepaid expenses and deferred charges | $632,752 |
| Net Land, buildings, and equipment | $39,826,655 |
| Investments—publicly traded securities | $2,079,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $740,429 |
| Total assets | $50,280,440 |
| Accounts payable and accrued expenses | $1,818,667 |
| Grants payable | $0 |
| Deferred revenue | $5,171,925 |
| 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 | $10,899,067 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,012,368 |
| Total liabilities | $18,902,027 |
| Net assets without donor restrictions | $28,734,174 |
| Net assets with donor restrictions | $2,644,239 |
| 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 | $50,280,440 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Arts Center And Theater Of Schenectady Inc has recieved totaling $756,772.
| Awarding Organization | Amount |
|---|---|
Cornell University Foundation Ithaca, NY PURPOSE: IN FURTHERANCE OF THE ORGANIZATION'S TAX EXEMPT MISSION | $250,000 |
The Schenectady Foundation Schenectady, NY PURPOSE: ONCE UPON THIS ISLAND AND CAMPAIGN FOR REGIONAL CULTURAL SUCCESS | $152,410 |
Upstate Theater Coalition For A Fairgame Inc Schenectady, NY PURPOSE: SUPPORT OF THE ARTS | $115,911 |
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $75,489 |
Capital Communications Cares Foundation Albany, NY PURPOSE: GENERAL SUPPORT | $48,087 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $27,500 |
Endowment Analysis
| Beg. Balance | $1,578,570 |
| Earnings | $507,701 |
| Ending Balance | $2,086,271 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
New Jersey Performing Arts Center Corporation Newark, NJ | $234,886,790 | $61,354,488 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $50,280,440 | $24,412,009 |
Chautauqua Institution Chautauqua, NY | $118,476,230 | $15,373,676 |
New York City Center Inc New York, NY | $53,559,931 | $21,340,158 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Wang Theatre Inc Boston, MA | $13,670,531 | $13,423,297 |
Sheas Oconnel Preservation Guild Ltd Buffalo, NY | $22,697,237 | $14,476,818 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $55,404,363 | $10,735,757 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $15,867,791 | $11,091,486 |
Bergen Performing Arts Center Inc Englewood, NJ | $9,351,635 | $7,559,054 |