NEW JERSEY PERFORMING ARTS CENTER … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

JOHN SCHREIBER

Phone

9736428989

Tax Period

2023-07-01 to 2024-06-30

NEW JERSEY PERFORMING ARTS CENTER CORPORATION, founded in 1988, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $76.5M in total revenue in fiscal year 2023. Expenses of $70.9M left a modest 7% surplus.

Mission

THE NEW JERSEY PERFORMING ARTS CENTER, BY CELEBRATING DIVERSITY, SHALL BE AMERICA'S FOREMOST URBAN PRESENTER OF ARTS AND ENTERTAINMENT, A CREATIVE AND EFFECTIVE LEADER IN ARTS EDUCATION FOR CHILDREN, A CONVENER OF USEFUL AND ENLIGHTENING CIVIC ENGAGEMENT EVENTS, AND A CATALYST FOR ECONOMIC DEVELOPMENT IN ITS HOME CITY OF NEWARK.

Program Service Accomplishments

Program 1

Expenses: $33,599,384 Revenue: $33,924,904

PERFORMANCES AND PERFORMANCE RELATED PROGRAMS: PRESENTED 1,178 PERFORMANCES AND EVENTS (OF WHICH 421 WERE FREE OF CHARGE) WITH OVER 729,000 PATRONS IN ATTENDANCE. PROGRAMS INCLUDED ORCHESTRA...

PERFORMANCES AND PERFORMANCE RELATED PROGRAMS: PRESENTED 1,178 PERFORMANCES AND EVENTS (OF WHICH 421 WERE FREE OF CHARGE) WITH OVER 729,000 PATRONS IN ATTENDANCE. PROGRAMS INCLUDED ORCHESTRA, RECITAL, MUSICAL THEATER, DANCE, POP, VARIETY, JAZZ AND OTHER DISCIPLINES, PERFORMED BY LOCAL, NATIONAL AND INTERNATIONAL ARTISTS.

Program 2

Expenses: $12,910,571

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

Program 3

Expenses: $4,859,486 Revenue: $359,309

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)...

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 5) A CULTURE OF HEALTH THROUGH OUR ARTS AND WELL-BEING PROGRAMS. CONTINUED IN SCHEDULE O.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,704,344

Program Service Revenue $34,284,213

Investment Income $3,624,269

Other Revenue $6,880,963

TOTAL REVENUE $76,493,789

Expense Breakdown

Grants Paid $186,767

Salaries & Benefits $22,840,436

Fundraising Expenses $2,946,331

Program Expenses $59,628,733

Other Expenses $47,548,110

TOTAL EXPENSES $70,901,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,493,789	$80,379,907	0.0%
Expenses	$70,901,538	$67,309,039	+0.1%
Net Income	$5,592,251	$13,070,868	-0.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

630

Volunteers

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

$5,825,828

Total Directors

$1,968,704

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SCHREIBER	PRESIDENT & CEO	50.00	Officer Director	$1,266,322	$643,082	$1,909,404
SARAH AIOSA	BOARD MEMBER (AS OF (1/2024)	1.00	Director	$0	$0	$0
GUILLERMO ARTILES	BOARD MEMBER (AS OF 6/2024)	1.00	Director	$0	$0	$0
RAS J BARAKA	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE E BATHGATE II ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC E BERSON	TREASURER (DECEASED 12/2023)	1.00	Director	$0	$0	$0
JAMES L BILDNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL M BLOOMFIELD MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MODIA BUTLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB S BUURMA ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
DR NANCY CANTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
REGINA CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND G CHAMBERS	FOUNDING CHAIR	1.00	Director	$0	$0	$0
MINDY COHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW CONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWAN DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ENRICO DELLA CORNA	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT A DI FILIPPO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH N DIVINCENZO JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE DYSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE E ESTABROOK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE C GILFILLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SAVION GLOVER	BOARD MEMBER	1.00	Director	$24,300	$0	$24,300
AISHA GLOVER	BOARD MEMBER (AS OF 6/2024)	1.00	Director	$0	$0	$0
STEVEN M GOLDMAN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL R GRIFFINGER ESQ	SECRETARY	1.00	Director	$0	$0	$0
YAN GU	ASSISTANT SECRETARY	1.00	Director	$0	$0	$0
RYAN P HAYGOOD ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM V HICKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY T HOFFMAN	BOARD MEMBER (END 6/2024)	1.00	Director	$0	$0	$0
RALPH IZZO PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID JONES	TREASURER	1.00	Director	$0	$0	$0
HON THOMAS H KEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT A KOBLER ESQ	BOARD MEMBER (END 6/2024)	1.00	Director	$0	$0	$0
DAVID KWON	BOARD MEMBER (AS OF 11/2023)	1.00	Director	$0	$0	$0
MARGARETHE LAURENZI	BOARD MEMBER (AS OF 1/2024)	1.00	Director	$0	$0	$0
KERRI B LEVINE	BOARD MEMBER (AS OF 6/2024)	1.00	Director	$0	$0	$0
TEIK LIM	BOARD MEMBER (AS OF 6/2024)	1.00	Director	$0	$0	$0
CHARLES F LOWREY	CO-CHAIR	1.00	Director	$0	$0	$0
WILLIAM J MARINO	BOARD MEMBER (END 6/2024)	1.00	Director	$0	$0	$0
ELIZABETH A MATTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN MCBRIDE	BOARD MEMBER	1.00	Director	$35,000	$0	$35,000
LAMONICA MCIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLOS MEDINA	BOARD MEMBER (END 1/2024)	1.00	Director	$0	$0	$0
D NICHOLAS MICELI	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH MAHER MUOIO	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP D MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY H OSTROWSKY ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
DEEPAK RAJ	BOARD MEMBER	1.00	Director	$0	$0	$0
DWAYNE REDMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN O RICHARD	BOARD MEMBER (END 6/2024)	1.00	Director	$0	$0	$0
RICHARD W ROPER	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTHUR F RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
FAYEMI SHAKUR	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY D ST HILIARE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSEMARY STEINBAUM	BOARD MEMBER (AS OF 4/2024)	1.00	Director	$0	$0	$0
DAVID S STONE ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
HON CLIFFORD M SOBEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL A TANENBAUM ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
FAITH TAYLOR	BOARD MEMBER (END 12/2023)	1.00	Director	$0	$0	$0
JOSEPH S TAYLOR	BOARD MEMBER (AS OF 4/2024)	1.00	Director	$0	$0	$0
DARRELL K TERRY SR	BOARD MEMBER (AS OF 1/2024)	1.00	Director	$0	$0	$0
PETER TORCICOLLO	BOARD MEMBER	1.00	Director	$0	$0	$0
RISHI VARMA	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMEN VILLAR	CO-CHAIR	1.00	Director	$0	$0	$0
RICARDO A WATSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TAHESHA WAY	BOARD MEMBER	1.00	Director	$0	$0	$0
NINA M WELLS ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH S WESTON	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN C YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID D RODRIGUEZ	EVP & EXECUTIVE PRODUCER	50.00	Officer	$590,000	$13,009	$603,009
TIMOTHY LIZURA	SVP, REAL ESTATE & CAPITAL PROJECTS	50.00	Officer	$405,292	$13,622	$418,914
KATIE L SWORD	VP, MARKETING	50.00	Officer	$290,180	$11,650	$301,830
AMY FITZPATRICK	VP, DEVELOPMENT	50.00	Officer	$290,000	$17,257	$307,257
BETH SILVER	CHIEF PEOPLE OFFICER	50.00	Officer	$279,000	$19,763	$298,763
ANDRE MUTOVIC	VP, CHIEF TECHNOLOGY OFFICER	50.00	Officer	$253,125	$15,919	$269,044
JOHN EVAN WHITE	VP, PROGRAMMING	50.00	Officer	$250,291	$18,746	$269,037
CHAD D SPIES	VP, OPERATIONS & REAL ESTATE	50.00	Officer	$240,815	$13,872	$254,687
JENNIFER L TSUKAYAMA	VP, ARTS EDUCATION	50.00	Officer	$232,675	$14,075	$246,750
MARY C JAFFA	VP, FINANCE	50.00	Officer	$227,911	$11,254	$239,165
AUSTIN G CLEARY	AVP, SALES & PLANNING NJPAC EVENTS	50.00	Officer	$212,141	$8,353	$220,494
CHRISTOPHER MOSES	SENIOR DIR, PRODUCTION	50.00	Officer	$156,986	$12,874	$169,860
EYESHA MARABLE	AVP, COMMUNITY ENGAGEMENT	50.00	Officer	$140,000	$4,748	$144,748
BOZENA SROKA	AVP & CONTROLLER	50.00	Officer	$96,077	$2,726	$98,803
YVONNE JEAN-JEROME	AVP, FINANCE	50.00	Officer	$72,693	$1,370	$74,063
JEFFREY JACOB	SVP, FINANCE & ADMIN. (AS OF 1/2024)	50.00	Officer	$0	$0	$0
HEATHER OLSEN	SENIOR DIRECTOR, PLATFORM	50.00	Highest	$172,200	$9,806	$182,006
SARAH ROSEN	MANAGING DIRECTOR, WA	50.00	Highest	$168,801	$20,212	$189,013
ERIC JOHNSON	HEAD CREW	50.00	Highest	$168,726	$0	$168,726
JOSH ADLER	DIRECTOR, MAJOR GIFTS	50.00	Highest	$139,353	$17,051	$156,404
ALYSON P MAIER	SR. DIRECTOR, ARTS & WELL-BEING	50.00	Highest	$138,375	$12,650	$151,025
LENNON REGISTER	VP & CHIEF FINANCIAL OFFICER	50.00		$172,088	$12,668	$184,756
ERNEST DIROCCO	AVP, INFRASTRUCTURE & OPERATIONS	50.00		$161,910	$2,765	$164,675

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	$76,493,789	$70,901,538	$349,331,152	$5,592,251
2023	$80,379,907	$67,309,039	$281,706,691	$13,070,868
2022	$60,369,438	$47,696,308	$253,995,837	$12,673,130
2021	$34,288,526	$26,549,829	$266,001,987	$7,738,697
2020	$61,354,488	$44,502,629	$234,886,790	$16,851,859
2019	$54,809,846	$52,683,084	$218,253,823	$2,126,762
2018	$63,764,829	$50,628,424	$218,012,065	$13,136,405

NEW JERSEY PERFORMING ARTS CENTER CORPORATION