ARTS CENTER AND THEATRE OF SCHENECTADY INC

EIN: 141602083 501(c)(3) Arts, Culture & Humanities

SCHENECTADY, NY

Total Revenue
$25,845,296
Total Expenses
$25,049,925
Total Assets
$53,205,681
Net Assets
$34,352,282
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NY
Principal Officer
PHILIP MORRIS
Phone
5183823884
Tax Period
2023-01-01 to 2023-12-31

ARTS CENTER AND THEATRE OF SCHENECTADY INC, founded in 1977, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $25.8M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $25.0M left a modest 3% surplus.

Mission

THROUGH ARTS AND COMMUNITY LEADERSHIP, PROCTORS WILL BE A CATALYST FOR EXCELLENCE IN EDUCATION, SUSTAINED ECONOMIC DEVELOPMENT, AND RICH CIVIC ENGAGEMENT TO ENHANCE THE QUALITY OF LIFE IN THE GREATER CAPITAL REGION.

Program Service Accomplishments

Program 1
Expenses: $20,498,432 Revenue: $20,277,322

ARTS CENTER AND THEATRE OF SCHENECTADY, INC. ("ACTS") IS A PERFORMING ARTS FACILITY AND REGIONAL CULTURAL SERVICE PROVIDER. ITS MISSION: THROUGH ARTS AND COMMUNITY LEADERSHIP, TO BE A CATALYST FOR...

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ARTS CENTER AND THEATRE OF SCHENECTADY, INC. ("ACTS") IS A PERFORMING ARTS FACILITY AND REGIONAL CULTURAL SERVICE PROVIDER. ITS MISSION: THROUGH ARTS AND COMMUNITY LEADERSHIP, TO BE A CATALYST FOR EXCELLENCE IN EDUCATION, SUSTAINABLE ECONOMIC DEVELOPMENT AND RICH CIVIC ENGAGEMENT, TO ENHANCE THE QUALITY OF LIFE IN THE GREATER CAPITAL REGION. FROM TOURING BROADWAY PRODUCTIONS TO INTIMATE CONCERTS, FROM GRADUATIONS AND SPELLING BEES TO THE WINTER FARMER'S MARKET, PROCTORS IS A HAVEN FOR ARTS AND COMMUNITY EVENTS OF ALL KINDS, A LIVING ROOM FOR THE REGION. IT PROVIDES HEATING AND COOLING TO MOST OF THE DOWNTOWN BLOCK. AND IT ALSO PROVIDES A CULTURAL SERVICE PLATFORM FOR OTHER ORGANIZATIONS, INCLUDING TICKETING SERVICES AND ADMINISTRATIVE FUNCTIONS FOR NEIGHBORING ARTS ORGANIZATIONS.

Program 2
Expenses: $593,410 Revenue: $528,511

FOR MORE THAN 30 YEARS, PROCTORS HAS CULTIVATED AUDIENCES OF ALL AGES THROUGH A VIBRANT ARTS EDUCATION PROGRAM. IN 2014, WE EXPANDED THAT INITIATIVE TO ALIGN WITH THE ORGANIZATION'S MISSION AND...

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FOR MORE THAN 30 YEARS, PROCTORS HAS CULTIVATED AUDIENCES OF ALL AGES THROUGH A VIBRANT ARTS EDUCATION PROGRAM. IN 2014, WE EXPANDED THAT INITIATIVE TO ALIGN WITH THE ORGANIZATION'S MISSION AND STRATEGIC VISION UNDER A COLLABORATIVE SCHOOL OF THE ARTS, ONE OF THE MOST AMBITIOUS SUCH DEPARTMENTS IN THE COUNTRY. THE SCHOOL ENCOMPASSES PROCTORS, CAPITAL REPERTORY THEATRE AND UNIVERSAL PRESERVATION HALL AND SERVES OVER 45,000 PATRONS ANNUALLY. ALL PROGRAMS EMPHASIZE COLLABORATIONS WITH SCHOOL DISTRICTS, ARTISTS, ARTS ORGANIZATIONS, AND OTHER REGIONAL PARTNERS, WITH A SPECIAL FOCUS ON CAREER AND WORKFORCE TRAINING.

Program 3
Expenses: $154,247 Revenue: $142,350

PROCTORS DESIGNATION AS MANAGER AND OPERATOR OF PUBLIC, EDUCATIONAL AND GOVERNMENT ACCESS CABLE TELEVISION BY THE CITY OF SCHENECTADY IN DECEMBER 2010 SPURRED THE CREATION OF A NEW BROADCAST ENTITY...

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PROCTORS DESIGNATION AS MANAGER AND OPERATOR OF PUBLIC, EDUCATIONAL AND GOVERNMENT ACCESS CABLE TELEVISION BY THE CITY OF SCHENECTADY IN DECEMBER 2010 SPURRED THE CREATION OF A NEW BROADCAST ENTITY, OPEN STAGE MEDIA AT PROCTORS (OSM). OSM PUBLIC ACCESS IS A CONDUIT OPEN TO THE COMMUNITY. OSM PUBLIC ACCESS IS FREE CABLE CASTING DESIGNED FOR LOCAL IDEAS AND THOUGHTS ON CABLE TELEVISION.

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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 $4,707,531
Program Service Revenue $19,598,128
Investment Income $189,582
Other Revenue $1,350,055
TOTAL REVENUE $25,845,296

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,338,555
Fundraising Expenses $438,852
Program Expenses $21,246,089
Other Expenses $18,711,370
TOTAL EXPENSES $25,049,925

Year-over-Year Comparison

2023 2022 Change
Revenue $25,845,296 $17,988,660 +0.4%
Expenses $25,049,925 $19,220,661 +0.3%
Net Income $795,371 $-1,232,001 -1.6%
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
35
Independent Members
35
Employees
214
Volunteers
500

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
7
$492,831
Total Directors
41
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAIMUNDO ARCHIBOLD PRESIDENT 5.00
Officer Director
$0 $0 $0
MELISSA ZAMBRI VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PAUL B HARDING VICE PRESIDENT (UNTIL 01/31/23) 1.00
Officer Director
$0 $0 $0
RAYMOND A BLESER SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN TESTO TREASURER 1.00
Officer Director
$0 $0 $0
BRENDA BADDAM BOARD MEMBER 1.00
Director
$0 $0 $0
RICK BARLOW BOARD MEMBER 1.00
Director
$0 $0 $0
LIONEL BARTHOLD BOARD MEMBER AMERITUS 0.00
Director
$0 $0 $0
ANGELA BEDDOE BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY J BIFARO BOARD MEMBER (UNTIL 06/19/23) 1.00
Director
$0 $0 $0
LOLA BRABHAM BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN CADY BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD A CARLSTROM BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID CERNIGLIA BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY CHRISTIANA BOARD MEMBER 1.00
Director
$0 $0 $0
JANINE DYKEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
BETH FACTEAU BOARD MEMBER 1.00
Director
$0 $0 $0
DAN FINKLE BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN FYFE BOARD MEMBER 1.00
Director
$0 $0 $0
MONA GOLUB BOARD MEMBER 1.00
Director
$0 $0 $0
DENISE GONICK BOARD MEMBER (UNTIL 12/31/23) 1.00
Director
$0 $0 $0
ANNE HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
HAROLD ISELIN BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY MASHUTA BOARD MEMBER AMERITUS 0.00
Director
$0 $0 $0
MORRIS MASSRY BOARD MEMBER AMERITUS 0.00
Director
$0 $0 $0
RYAN MICKLUS BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL D MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
GREGORY L PINTO BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN RAY BOARD MEMBER 1.00
Director
$0 $0 $0
STACEY B ROWLAND BOARD MEMBER (UNTIL 01/31/23) 1.00
Director
$0 $0 $0
KATHERINE M SHEEHAN BOARD MEMBER 1.00
Director
$0 $0 $0
HERBERT L SHULTZ JR BOARD MEMBER AMERITUS 0.00
Director
$0 $0 $0
CHRIS SPRARAGEN BOARD MEMBER 1.00
Director
$0 $0 $0
TOLANDA THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX TRONCO BOARD MEMBER (UNTIL 01/01/23) 1.00
Director
$0 $0 $0
FRANK WALSH BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER WARD BOARD MEMBER 1.00
Director
$0 $0 $0
EVELINE WARD-SELLS BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL J WHITE BOARD MEMBER (UNTIL 01/31/23) 1.00
Director
$0 $0 $0
MISHKA WOODLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER YOCUM BOARD MEMBER 1.00
Director
$0 $0 $0
PHILIP MORRIS CHIEF EXECUTIVE OFFICER 40.00
Officer
$353,600 $11,410 $365,010
CHRISTOPHER MUSTO CHIEF FINANCIAL OFFICER 40.00
Officer
$121,317 $6,504 $127,821
JEAN LEONARD CHIEF OF STAFF 40.00
Highest
$139,712 $4,993 $144,705
DANIEL HANIFIN RELATIONSHIPS DIRECTOR 40.00
Highest
$118,556 $5,465 $124,021
JAMES MURPHY MARKETING DIRECTOR 40.00
Highest
$117,584 $4,330 $121,914
DANIEL SHEEHAN DIRECTOR OF OPERATIONS 40.00
Highest
$106,604 $14,059 $120,663
CHRISTINE SHEEHAN EDUCATION DIRECTOR 40.00
Highest
$101,865 $3,858 $105,723
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
2024 No data No data No data No data
2023 $25,845,296 $25,049,925 $53,205,681 $795,371
2022 $17,988,660 $19,220,661 $54,959,110 $-1,232,001
2021 $17,534,824 $6,943,720 $59,537,808 $10,591,104
2019 $24,412,009 $26,002,610 $50,280,440 $-1,590,601
2018 $17,800,618 $18,953,899 $52,255,142 $-1,153,281
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