Traditional Culture Reviving Center
- Assets
- $4.1m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2008
- Data as of
- 08/2022
- EIN
- 20-8191508
Organization Overview
Traditional Culture Reviving Center is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Traditional Culture Reviving Center 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 08/2022, Traditional Culture Reviving Center generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $6.1m during the year ending 08/2022. While expenses have increased by 17.2% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CURRENTLY TRADITIONAL CULTURE REVIVING CENTER, INC. IS PRIMARILY ENGAGED IN PRESENTING SHEN YUN PERFORMING ARTS DANCE SHOWS IN NEW YORK CITY, THE STATE OF NEW YORK, THE STATE OF NEW JERSEY AND THE STATE OF CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED SHEN YUN 2022 PERFORMANCES IN GREATER NEW YORK METROPOLITAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pingyi Noto Director/secretary/marketing Co-Manager | OfficerTrustee | 10 | $0 |
Michael Wang Director/president/marketing Co-Manager | OfficerTrustee | 20 | $0 |
Feng Yuan Director/treasurer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $431,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,422 |
| Total Program Service Revenue | $4,357,963 |
| Investment income | $562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,808,947 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,414,817 |
| Office expenses | $2,369 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,432 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,003 |
| All other expenses | $0 |
| Total functional expenses | $6,068,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,029,333 |
| Savings and temporary cash investments | $1,000,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,911,450 |
| 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 | $141,961 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,083,486 |
| Accounts payable and accrued expenses | $319,834 |
| Grants payable | $0 |
| Deferred revenue | $1,911,450 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $515,220 |
| Total liabilities | $2,746,504 |
| Net assets without donor restrictions | $1,336,982 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,083,486 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Traditional Culture Reviving Center has recieved totaling $242,722.
| Awarding Organization | Amount |
|---|---|
Ohio Falun Dafa Association Pickerington, OH PURPOSE: The donation was for supporting Shen Yun's efforts on A) sharing a precious cultural heritage with audiences around the world; B) bringing to life 5,000 years of Chinese culture through the state-of-the-art production techniques with all new production each year; C) preparing talented young dancers and musicians for professional performing arts careers. | $242,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |