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

THE MISSION OF THE ARTS CENTER & THEATRE OF SCHENECTADY (ACTS) IS TO PROVIDE A DIVERSE PROGRAM OF EXCELLENT PERFORMING ARTS EVENTS, TO RESTORE AND PRESERVE THE BEAUTIFUL PROCTOR'S THEATRE, TO SERVE AS A CULTURAL CENTER FOR THE CAPITAL REGION AND, TO THE EXTENT THAT RESOURCES AND THE CERTIFICATE OF INCORPORATION PERMIT, SUPPORT ACTIVITIES THAT CONTRIBUTE TO THE ECONOMIC DEVELOPMENT AND QUALITY OF LIFE IN THE REGION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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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Liquidity & Cash Position

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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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