New Jersey Performing Arts Center Corporation

Organization Overview

New Jersey Performing Arts Center Corporation is located in Newark, NJ. The organization was established in 1988. 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 06/2021, New Jersey Performing Arts Center Corporation employed 498 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Performing Arts Center Corporation 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, New Jersey Performing Arts Center Corporation generated $34.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $26.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.

Describe the Organization's Program Activity:

THEATER OPERATIONS: PROVIDED SERVICES FOR THE MANAGEMENT, OPERATION AND MAINTENANCE OF THE ARTS CENTER, PARKING FACILITIES AND CHAMBERS PLAZA FOR PUBLIC USE AND ENJOYMENT.


PERFORMANCES AND PERFORMANCE RELATED PROGRAMS: PRESENTED 396 PERFORMANCES AND EVENTS (OF WHICH 210 WERE FREE OF CHARGE INCLUDING VIRTUAL) AND MANY OTHER EVENTS WHICH REACHED OVER 274,000 PATRONS. PROGRAMS INCLUDED ORCHESTRA, RECITAL, MUSICAL THEATER, DANCE, POP, VARIETY, JAZZ AND OTHER DISCIPLINES, PERFORMED BY LOCAL, NATIONAL AND INTERNATIONAL ARTISTS.


ARTS EDUCATION PROGRAMS: NJPAC ARTS EDUCATION OFFERS PROGRAMMING IN FOUR MAIN AREAS: 1) SCHOOLTIME PERFORMANCES AND IN-SCHOOL ASSEMBLIES, 2) IN-SCHOOL RESIDENCIES, 3) ARTS TRAINING AND 4) PROFESSIONAL DEVELOPMENT. CONTINUED IN SCHEDULE O.


PROGRAM SERVICE ACCOMPLISHMENTS - OTHERMARKETING AND PUBLIC AFFAIRSNJPAC KEEPS THE PUBLIC AND THE MEDIA FULLY INFORMED ABOUT ITS PROGRAMS, EVENTS AND EDUCATIONAL ACTIVITIES.REAL ESTATE DEVELOPMENTPLANNING, IMPROVEMENT AND DEVELOPMENT OF OWNED/LEASED REAL ESTATE IN FURTHERANCE OF NJPAC'S MISSION OF BEING A CATALYST IN THE ECONOMIC DEVELOPMENT OF ITS HOME CITY OF NEWARK.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ticketmaster Llc
Ticket Distribution
$1,425,606
Gateway Security Services Inc
Security
$524,170
American Express Travel
Credit Card Svcs
$401,075
Windels Marx Lane & Mittendorf Llp
Legal Services
$324,940
Sj Presents Corp
Concert & Marketing Services
$351,124
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,133,030
Related organizations$0
Government grants $2,515,848
All other contributions, gifts, grants, and similar amounts not included above$20,762,144
Noncash contributions included in lines 1a–1f $13,126
Total Revenue from Contributions, Gifts, Grants & Similar$25,411,022
Total Program Service Revenue$1,316,931
Investment income $779,514
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$144,351
Net Gain/Loss on Asset Sales $2,492,240
Net Income from Fundraising Events -$239,028
Net Income from Gaming Activities -$36
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $34,288,526

Grants Recieved

Over the last fiscal year, we have identified 1 grants that New Jersey Performing Arts Center Corporation has recieved totaling $150.

Awarding OrganizationAmount
I J & Mary Larosa Memorial Foundation Inc

Lincoln Park, NJ

PURPOSE: DONATION TO SUPPORTTHE PERFORMING ARTSOF NEW JERSEY

$150
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$95,564,113
Earnings$23,168,951
Admin Expense$234,921
Net Contributions$13,866,826
Other Expense$3,576,461
Ending Balance$128,788,508

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