APOLLO THEATER FOUNDATION INC

EIN: 133630066 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$14,512,736
Total Expenses
$21,645,220
Total Assets
$65,191,517
Net Assets
$61,512,400
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
MICHELLE EBANKS
Phone
2125315300
Tax Period
2023-07-01 to 2024-06-30

APOLLO THEATER FOUNDATION INC, founded in 1991, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $21.6M exceeded revenue, resulting in a 49% operating deficit.

Mission

THE APOLLO THEATER IS A COMMISSIONER AND PRESENTER; CATALYST FOR NEW ARTISTS, AUDIENCES, AND CREATIVE WORKFORCE; AND PARTNER IN THE PROJECTION OF THE AFRICAN AMERICAN NARRATIVE AND ITS ROLE IN THE DEVELOPMENT OF AMERICAN AND GLOBAL CULTURE.THE APOLLO THEATER ENVISIONS A NEW AMERICAN CANON CENTERED ON CONTRIBUTIONS TO THE PERFORMING ARTS BY ARTISTS OF THE AFRICAN DIASPORA, IN AMERICA AND BEYOND.

Program Service Accomplishments

Program 1
Expenses: $10,857,285 Revenue: $5,829,651

THE APOLLO'S 2023-2024 SEASON WAS ROOTED IN THE IDEAS OF GROWTH, EVOLUTION, AND DISRUPTION AS THE INSTITUTION EXPANDED ITS PHYSICAL FOOTPRINT FOR THE FIRST TIME IN ITS NEARLY 90-YEAR HISTORY. THE...

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THE APOLLO'S 2023-2024 SEASON WAS ROOTED IN THE IDEAS OF GROWTH, EVOLUTION, AND DISRUPTION AS THE INSTITUTION EXPANDED ITS PHYSICAL FOOTPRINT FOR THE FIRST TIME IN ITS NEARLY 90-YEAR HISTORY. THE APOLLO STAGES AT THE VICTORIA IS A DEDICATED ARTISTIC HOME FOR EARLY- AND MID-CAREER ARTISTS OF COLOR ACROSS DISCIPLINES AND A SPACE FOR LARGER DEVELOPMENTAL RESIDENCIES. THE THEMES OF ERASURE, DEFIANCE, DISRUPTION, ACTIVISM, AND SOCIAL JUSTICE WERE WOVEN INTO MORE THAN 80 ARTISTIC OFFERINGS THROUGHOUT THE SEASON.

Program 2
Expenses: $3,748,725

EDUCATION AND COMMUNITY ENGAGEMENTTHE APOLLO REMAINS A LEADING CULTURAL ANCHOR FOR UPPER MANHATTAN AND THE 125TH STREET CORRIDOR, ENGAGING AN ANNUAL AUDIENCE OF MORE THAN150,000, INCLUDING HARLEM AND...

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EDUCATION AND COMMUNITY ENGAGEMENTTHE APOLLO REMAINS A LEADING CULTURAL ANCHOR FOR UPPER MANHATTAN AND THE 125TH STREET CORRIDOR, ENGAGING AN ANNUAL AUDIENCE OF MORE THAN150,000, INCLUDING HARLEM AND NEW YORK RESIDENTS AS WELL AS NATIONAL AND INTERNATIONAL TOURISTS. IN ADDITION TO PERFORMING ARTS, THE APOLLO OFFERS COMMUNITY PROGRAMS THAT ADDRESS IMPORTANT ISSUES AND MEANINGFULLY ENGAGE OUR NEIGHBORHOOD INCLUDING: A FREE ANNUAL OPEN HOUSE; APOLLO HISTORIC BACKSTAGE TOURS; SUBSIDIZED TICKETING PROGRAMS THE FREE UPTOWN HALL SERIES FOSTERING DIALOGUE AROUND PRESSING ISSUES IN OUR COMMUNITY;(CONTINUED ON SCHEDULE O)A MONTH OF FREE AND AFFORDABLE HOLIDAY PROGRAMMING EACH DECEMBER; AND AN ARRAY OF FREE AND LOW-COST PROGRAMS THROUGHOUT THE YEAR, INCLUDING A WIDE-REACHING TICKET ACCESS PROGRAM ENSURING BROAD ACCESSIBILITY TO THE THEATER'S RANGE OF PERFORMING ARTS AND ENTERTAINMENT. THE APOLLO THEATER IS COMMITTED TO ENGAGING STUDENTS AND YOUTH THROUGH INNOVATIVE EDUCATION INITIATIVES. THE APOLLO THEATER ACADEMY OFFERS HANDS-ON PROGRAMS TO DEVELOP CAREER AND LEADERSHIP SKILLS IN UNDER-SERVED TEENS BY ENGAGING THEM IN "BEHIND THE SCENES" ARTS AND ENTERTAINMENT PROFESSIONS INCLUDING TECHNICAL THEATER APPRENTICESHIPS, ADMINISTRATIVE INTERNSHIPS, AND INFORMATIVE PANEL DISCUSSIONS. THE APOLLO ORAL HISTORY PROJECT IS AN IN-DEPTH IN-SCHOOL PROGRAM WHERE HARLEM STUDENTS TRANSFORM LOCAL HISTORY INTO ORIGINAL THEATRICAL AND MULTIMEDIA PROJECTS. EXTENDING THE APOLLO EXPERIENCE TO A NEW GENERATION OF THEATERGOERS WHILE SUPPORTING CLASSROOM LEARNING AND IN-SCHOOL WORK, SCHOOL DAY LIVE AND FAMILY SHOWTIME PERFORMANCES ALLOW MORE THAN 11,000 STUDENTS, TEACHERS, AND FAMILIES TO EXPERIENCE WORLD-CLASS PERFORMING ARTS PRESENTATIONS ON THE APOLLO STAGES. THROUGH ITS PERFORMING ARTS PROGRAM, EDUCATION AND COMMUNITY INITIATIVES, AND OTHER ENDEAVORS SUCH AS DIGITAL MEDIA AND THE ARCHIVES, THE ICONIC APOLLO THEATER EXTENDS ITS LEGACY AS A WORLD RENOWNED PERFORMING ARTS CENTER AND A NURTURING HOME FOR DIVERSE ARTISTS. THE THEATER CONTINUES TO SHOWCASE POPULAR AND EMERGING TALENT AND ENGAGE AUDIENCES WITH ITS ARTISTIC, EDUCATION AND COMMUNITY PROGRAMMING. WITH DEMONSTRATED LONGEVITY AS A SIGNIFICANT AMERICAN CULTURAL CENTER, THE APOLLO REMAINS A CELEBRATED AND ACCESSIBLE VENUE FOR DIVERSE AUDIENCES, ARTISTS AND COMMUNITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,265,584
Program Service Revenue $5,829,651
Investment Income $885,078
Other Revenue $532,423
TOTAL REVENUE $14,512,736

Expense Breakdown

Grants Paid $98,751
Salaries & Benefits $12,657,583
Fundraising Expenses $2,101,701
Program Expenses $14,606,010
Other Expenses $8,888,886
TOTAL EXPENSES $21,645,220

Year-over-Year Comparison

2023 2022 Change
Revenue $14,512,736 $17,794,172 -0.2%
Expenses $21,645,220 $20,826,453 +0.0%
Net Income $-7,132,484 $-3,032,281 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
480
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$560,303
Total Directors
26
$0
Key Employees
2
$557,461
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES PHILLIPS CHAIRMAN 1.00
Officer Director
$0 $0 $0
RICHARD PARSONS CHAIRMAN EMERITUS 1.00
Officer Director
$0 $0 $0
RONALD O PERELMAN VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
PATRICIA MILLER ZOLLAR VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
WILLIE E WOODS TREASURER 1.00
Officer Director
$0 $0 $0
DAISEY M HOLMES SECRETARY 1.00
Officer Director
$0 $0 $0
ANDRE BRANCH MEMBER 1.00
Director
$0 $0 $0
LOU D'AMBROSIO MEMBER 1.00
Director
$0 $0 $0
TINA R DAVIS MEMBER 1.00
Director
$0 $0 $0
MICHELLE GADSDEN-WILLIAMS MEMBER 1.00
Director
$0 $0 $0
MARK GETACHEW MEMBER 1.00
Director
$0 $0 $0
AARON HOLIDAY MEMBER 1.00
Director
$0 $0 $0
DEREK JONES MEMBER 1.00
Director
$0 $0 $0
KWANZA JONES MEMBER 1.00
Director
$0 $0 $0
ROBERT K KRAFT MEMBER 1.00
Director
$0 $0 $0
CAROLYN MINICK MASON MEMBER 1.00
Director
$0 $0 $0
KEVIN MORRISON MEMBER 1.00
Director
$0 $0 $0
RACQUEL ODEN MEMBER 1.00
Director
$0 $0 $0
KAREN L PAVLIN MEMBER 1.00
Director
$0 $0 $0
JOANN PRICE MEMBER 1.00
Director
$0 $0 $0
HOWARD SCHIFFMAN MEMBER 1.00
Director
$0 $0 $0
BRONSON VAN WYCK MEMBER 1.00
Director
$0 $0 $0
CARLOS WHITAKER MEMBER 1.00
Director
$0 $0 $0
DAWANNA WILLIAMS MEMBER 1.00
Director
$0 $0 $0
PHARRELL WILLIAMS MEMBER 1.00
Director
$0 $0 $0
NATHANIEL ZILKHA MEMBER 1.00
Director
$0 $0 $0
MICHELLE EBANKS PRESIDENT & CEO 35.00
Officer
$174,837 $15,543 $190,380
JONELLE PROCOPE FORMER PRESIDENT & CEO 35.00
$358,837 $16,850 $375,687
ALDO SCROFANI COO 35.00
Officer
$356,723 $13,200 $369,923
KAMILAH FORBES EXECUTIVE PRODUCER 35.00
Key Emp
$266,532 $9,758 $276,290
DONNA LIEBERMAN SR.DIRECTOR OF DEVELOPMENT 35.00
Key Emp
$247,210 $33,961 $281,171
KELLY MCKAIG SR. DIRECTOR OF FINANCE 35.00
Highest
$169,614 $23,089 $192,703
FATIMA JONES CHIEF MARKETING OFFICER 35.00
Highest
$178,136 $7,749 $185,885
LAURA E GREER ASSOCIATE PRODUCER 35.00
Highest
$144,524 $19,204 $163,728
QAADI MCKENNEY SR.DIRECTOR OF THEATER OPS 35.00
Highest
$139,180 $20,087 $159,267
LEATRICE L ELLZY-MCNAIR SR.DIRECTOR OF PROGRAMMING 35.00
Highest
$145,000 $1,115 $146,115
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $14,512,736 $21,645,220 $65,191,517 $-7,132,484
2023 $17,794,172 $20,826,453 $71,653,135 $-3,032,281
2022 $21,417,691 $17,632,507 $74,776,228 $3,785,184
2021 $33,324,849 $11,028,022 $69,978,827 $22,296,827
2020 $16,998,153 $16,242,970 $47,572,527 $755,183
2019 $18,190,567 $17,372,862 $47,113,769 $817,705
2018 $17,597,504 $17,569,396 $45,791,326 $28,108
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