Count Basie Theatre Inc
- Assets
- $61.9m
- Revenue
- $14.8m
- Investments
- $3.2m
- Employees
- 318
- Location
- Red Bank, NJ
- Founding
- 05/1973
- Data as of
- 06/2021
- EIN
- 22-1950890
Organization Overview
Count Basie Theatre Inc, operating under the name Count Basie Center For The Arts, is located in Red Bank, NJ. The organization was established in 1973. 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 06/2022, Count Basie Center For The Arts employed 318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Count Basie Center For The Arts 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 06/2021, Count Basie Center For The Arts generated $14.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $9.8m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A BROAD SPECTRUM OF QUALITY ENTERTAINMENT AND EDUCATIONAL PROGRAMS THAT REFLECT AND CELEBRATE THE DIVERSITY OF THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE BASIE, WE HAVE CONTINUED OUR MISSION TO INSPIRE, EDUCATE AND ENTERTAIN THROUGH OUR DISTINCT AND ENGAGING CULTURAL AND ARTISTIC OFFERINGS THAT EMBRACE AND AMPLIFY THE DIVERSITY OF THE REGION. FOLLOWING THE BRUNT OF THE PANDEMIC, THE BASIE ONCE AGAIN WELCOMED STUDENTS TO THE GRUNIN ARTS AND EDUCATION BUILDING THROUGHOUT THE YEAR FOR IN-PERSON INSTRUCTION. STUDENTS PERFORMED "THE ADDAMS FAMILY YOUNG@PART", "A SEUSSIFIED CHRISTMAS CAROL", "RAINBOW FISH, AND PUFFS" TO PACKED HOUSES IN THE VOGEL AND MOUNTED THEIR FIRST FULL-LENGTH MUSICAL SINCE THE INCEPTION OF THE PROGRAM, "THE LITTLE MERMAID", IN THE HACKENSACK MERIDIAN HEALTH THEATRE. STUDENTS ALSO PARTICIPATED IN SUMMER-STOCK STYLE PERFORMANCES OVER THE SUMMER IN "WILLY WONKA AND THE CHOCOLATE FACTORY JR.", "JAMES AND THE GIANT PEACH", AND "SISTER ACT JR." THE FISCAL YEAR JULY 2021 TO JUNE 2022 (FY22) ALSO BROUGHT AN INCREASE IN SCHOLARSHIPS OF OVER 250% FROM THE PREVIOUS YEAR, PROVIDING ARTS EXPERIENCES AND CLASSES TO THOSE WHO OTHERWISE MAY NOT HAVE HAD ACCESS. OVER 60 STUDENTS FROM OUR REGION PARTICIPATED IN THE LOUIS & GIA MAIONE PRIMA MUSIC CAMP, A FREE CAMP INTRODUCING STUDENTS TO VOCAL AND INSTRUMENTAL MUSIC INSTRUCTION. ADDITIONALLY, THE COUNT BASIE CENTER GOSPEL CHOIR AND THE CALPULLI MEXICAN DANCE COMPANY CLASSES HELD PERFORMANCES ON THE BASIE STAGES. LASTLY, NEARLY 7,000 STUDENTS HAVE EXPERIENCED CURTAINS UP FOR KIDS SCHOOL SHOWS VIRTUALLY AND FOR THE FIRST TIME SINCE MARCH OF 2020, IN PERSON. FY22 ALSO BROUGHT A RETURN TO IN-SCHOOL PROGRAMMING WHERE BASIE TEACHING ARTISTS DELIVERED ARTS INSTRUCTION TO STUDENTS, PROFESSIONAL DEVELOPMENT FOR TEACHERS, AND OUR FIRST IN-PERSON BASIE AWARDS CEREMONY SINCE 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Philipson Chief Executive Officer | Officer | 60 | $450,902 |
Karen Franklin VP Finance | Officer | 40 | $202,296 |
Isidore J Sackowitz VP Of Operations | 40 | $184,649 | |
Jonathan B Vena VP Marketing And Pr | 40 | $174,920 | |
Lysa J Israel Director Of Development | 40 | $125,763 | |
Stephen Cutler Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acir Llc Lighting | 6/29/22 | $461,571 |
Riley Entertainment Inc Co Ml Artist Fees | 6/29/22 | $410,564 |
Am Productions Inc Artist Fees | 6/29/22 | $557,746 |
United Talent Agency Artist Fees | 6/29/22 | $436,605 |
Creative Artists Agency Llc Artist Fees | 6/29/22 | $431,284 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $169,321 |
| Related organizations | $0 |
| Government grants | $7,722,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,593,007 |
| Noncash contributions included in lines 1a–1f | $173,730 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,485,067 |
| Total Program Service Revenue | $4,053,749 |
| Investment income | $82,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $130,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,783,970 |
| 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. | $422,559 |
| Compensation of current officers, directors, key employees. | $144,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,148,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $308,856 |
| Payroll taxes | $180,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,453 |
| Fees for services: Accounting | $66,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,585 |
| Fees for services: Other | $265,738 |
| Advertising and promotion | $164,335 |
| Office expenses | $86,416 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $284,023 |
| Travel | $11,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,070 |
| Interest | $469,715 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,580,096 |
| Insurance | $113,887 |
| All other expenses | $84,869 |
| Total functional expenses | $9,756,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,060 |
| Savings and temporary cash investments | $9,288,548 |
| Pledges and grants receivable | $5,100,460 |
| Accounts receivable, net | $160,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,796 |
| Prepaid expenses and deferred charges | $71,428 |
| Net Land, buildings, and equipment | $43,792,576 |
| Investments—publicly traded securities | $122,447 |
| Investments—other securities | $3,182,320 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,552 |
| Total assets | $61,930,466 |
| Accounts payable and accrued expenses | $1,072,764 |
| Grants payable | $0 |
| Deferred revenue | $4,550,659 |
| 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 | $23,159,743 |
| Unsecured mortgages and notes payable | $732,257 |
| Other liabilities | $610,789 |
| Total liabilities | $30,126,212 |
| Net assets without donor restrictions | $30,048,194 |
| Net assets with donor restrictions | $1,756,060 |
| 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 | $61,930,466 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Count Basie Theatre Inc has recieved totaling $554,571.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $150,000 |
Gia Maione Prima Foundation Inc Florham Park, NJ PURPOSE: GENERAL SUPPORT | $105,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Gia Maione Prima Foundation Inc Florham Park, NJ PURPOSE: GENERAL SUPPORT | $78,121 |
Mccrane Foundation Inc Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $50,000 |
The@angelo Family Charitable Foundation New York, NY PURPOSE: FOR OPERATIONS | $20,000 |
Endowment Analysis
| Beg. Balance | $861,568 |
| Net Contributions | $320,000 |
| Ending Balance | $1,181,568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
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 |
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 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |
State Theatre Center For The Arts Inc Easton, PA | $9,301,794 | $4,832,518 |
Sheas Oconnel Preservation Guild Ltd Buffalo, NY | $23,711,846 | $2,193,834 |
Palace Performing Arts Center Inc Albany, NY | $7,859,988 | $5,301,344 |
Whitaker Center For Science And The Arts Harrisburg, PA | $29,354,486 | $3,497,396 |