New Jersey Performing Arts Center Corporation
- Assets
- $234.9m
- Revenue
- $61.4m
- Investments
- $12.6m
- Employees
- 664
- Location
- Newark, NJ
- Founding
- 12/1988
- Data as of
- 06/2020
- EIN
- 22-2889703
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 06/2020, New Jersey Performing Arts Center Corporation employed 664 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, New Jersey Performing Arts Center Corporation generated $61.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $44.5m during the year ending 06/2020. While expenses have increased by 1.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW JERSEY PERFORMING ARTS CENTER, BY CELEBRATING DIVERSITY, SHALL BE AMERICA'S FOREMOST URBAN PRESENTER OF ARTS AND ENTERTAINMENT. FOR FUTHER DETAILS SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES AND PERFORMANCE RELATED PROGRAMS: PRESENTED 575 PERFORMANCES AND OTHER EVENTS (INCLUDING VIRTUAL) WITH OVER 450,000 PATRONS IN ATTENDANCE. PROGRAMS INCLUDED ORCHESTRA, RECITAL, MUSICAL THEATER, DANCE, POP, VARIETY, JAZZ AND OTHER DISCIPLINES, PERFORMED BY LOCAL, NATIONAL AND INTERNATIONAL ARTISTS.
THEATER OPERATIONS: PROVIDED SERVICES FOR THE MANAGEMENT, OPERATION AND MAINTENANCE OF THE ARTS CENTER, PARKING FACILITIES AND CHAMBERS PLAZA FOR PUBLIC USE AND ENJOYMENT.
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.
PERFORMANCES AND PERFORMANCE RELATED PROGRAMS: PRESENTED 575 PERFORMANCES AND OTHER EVENTS (INCLUDING VIRTUAL) WITH OVER 450,000 PATRONS IN ATTENDANCE. PROGRAMS INCLUDED ORCHESTRA, RECITAL, MUSICAL THEATER, DANCE, POP, VARIETY, JAZZ AND OTHER DISCIPLINES, PERFORMED BY LOCAL, NATIONAL AND INTERNATIONAL ARTISTS.
THEATER OPERATIONS: PROVIDED SERVICES FOR THE MANAGEMENT, OPERATION AND MAINTENANCE OF THE ARTS CENTER, PARKING FACILITIES AND CHAMBERS PLAZA FOR PUBLIC USE AND ENJOYMENT.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schreiber President & CEO | OfficerTrustee | 50 | $1,090,804 |
David D Rodriguez Evp & Executive Producer | Officer | 50 | $457,003 |
Warren Tranquada Evp & COO | Officer | 50 | $395,265 |
Lisa Mantone Svp, Development | Officer | 50 | $342,794 |
Timothy Lizura Svp, Real Estate&capital Proj. | Officer | 50 | $319,245 |
Lennon Register VP & Chief Financial Officer | Officer | 50 | $258,796 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daikin Applied Maintenance | 6/29/20 | $932,708 |
American Express Travel Credit Card Svcs | 6/29/20 | $895,368 |
New Jersey Speakers Series Llc Performers | 6/29/20 | $693,426 |
Daikin Applied Maintenance | 6/29/20 | $932,708 |
Alliance Maintenance Cleaning | 6/29/20 | $756,612 |
American Express Travel Credit Card Svcs | 6/29/20 | $895,368 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,012,505 |
| Related organizations | $53,728 |
| Government grants | $3,368,742 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,154,715 |
| Noncash contributions included in lines 1a–1f | $31,364 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,589,690 |
| Total Program Service Revenue | $15,179,297 |
| Investment income | $1,280,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$127,480 |
| Net Gain/Loss on Asset Sales | $2,351,781 |
| Net Income from Fundraising Events | -$610,641 |
| Net Income from Gaming Activities | $21,886 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,354,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,467 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,820,136 |
| Compensation of current officers, directors, key employees. | $2,528,128 |
| Compensation to disqualified persons | $39,803 |
| Other salaries and wages | $9,930,172 |
| Pension plan accruals and contributions | $69,721 |
| Other employee benefits | $1,885,706 |
| Payroll taxes | $1,129,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $448,405 |
| Fees for services: Accounting | $150,578 |
| Fees for services: Lobbying | $130,656 |
| Fees for services: Fundraising | $79,350 |
| Fees for services: Investment Management | $177,173 |
| Fees for services: Other | $2,312,401 |
| Advertising and promotion | $2,603,128 |
| Office expenses | $446,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,496,219 |
| Travel | $983,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $333,001 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,537,324 |
| Insurance | $577,591 |
| All other expenses | $1,178,557 |
| Total functional expenses | $44,502,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,882,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $42,335,700 |
| Accounts receivable, net | $2,951,134 |
| 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 | $2,727,254 |
| Net Land, buildings, and equipment | $105,329,667 |
| Investments—publicly traded securities | $61,079,186 |
| Investments—other securities | $12,581,281 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,886,790 |
| Accounts payable and accrued expenses | $2,234,975 |
| Grants payable | $0 |
| Deferred revenue | $3,124,922 |
| 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 | $6,683,308 |
| Unsecured mortgages and notes payable | $3,362,667 |
| Other liabilities | $6,987,371 |
| Total liabilities | $22,393,243 |
| Net assets without donor restrictions | $95,392,902 |
| Net assets with donor restrictions | $117,100,645 |
| 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 | $234,886,790 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that New Jersey Performing Arts Center Corporation has recieved totaling $682,236.
| Awarding Organization | Amount |
|---|---|
John And Mary Kay Strangfeldfoundation Longboat Key, FL PURPOSE: CHARITABLE | $400,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $124,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $124,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,196 |
Newark Arts Council Newark, NJ PURPOSE: AEN VICTORIA GRANT | $6,615 |
Jewish Communal Fund New York, NY PURPOSE: General support | $5,250 |
Endowment Analysis
| Beg. Balance | $84,810,266 |
| Earnings | -$48,092 |
| Admin Expense | $177,173 |
| Net Contributions | $14,565,383 |
| Other Expense | $3,586,271 |
| Ending Balance | $95,564,113 |
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 |
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 |
Symphony Space Inc New York, NY | $21,595,068 | $5,020,920 |
Rochester Broadway Theatre League Inc Rochester, NY | $7,199,920 | $5,854,219 |