HUDSON RIVERFRONT PERFORMING ARTS CENTER INC

EIN: 270022918 501(c)(3) Arts, Culture & Humanities

WEEHAWKEN, NJ

Total Revenue
$207,103
Total Expenses
$204,293
Total Assets
$13,628
Net Assets
$13,628
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NJ
Principal Officer
BRUCE SHERMAN
Phone
2014306881
Tax Period
2024-01-01 to 2024-12-31

HUDSON RIVERFRONT PERFORMING ARTS CENTER INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE HUDSON RIVERFRONT PERFORMING ARTS CENTER, INC. (HRPAC) IS TO EXPAND THE PERFORMING ARTS IN HUDSON COUNTY, NEW JERSEY. THE ORGANIZATION ENDEAVORS TO SERVE RESIDENTS OF HUDSON COUNTY, AS WELL AS THOSE OF THE SURROUNDING NORTH JERSEY/NEW YORK METROPOLITAN AREA, BY PRESENTING PROFESSIONAL MUSIC, THEATER, AND DANCE PERFORMANCES OF THE HIGHEST QUALITY. HRPAC SEEKS TO DEVELOP A PERMANENT VENUE FOR LIVE PERFORMANCE OPPORTUNITIES IN THE AREA. ADDITIONALLY, HRPAC STRIVES TO SERVE AS AN ARTISTIC AND EDUCATIONAL RESOURCE TO THE CHILDREN OF THE COUNTY, MANY OF WHOM HAVE NEVER ATTENDED A LIVE MUSICAL OR THEATRICAL PRESENTATION. THE ORGANIZATION'S PRESENTATIONS ARE AND WILL CONTINUE TO BE MULTI-CULTURAL IN RECOGNITION OF HUDSON COUNTY'S DIVERSE POPULATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $209,498
Program Service Revenue $0
Investment Income $0
Other Revenue $-2,395
TOTAL REVENUE $207,103

Expense Breakdown

Grants Paid $0
Salaries & Benefits $98,136
Fundraising Expenses $29,137
Program Expenses $147,215
Other Expenses $106,157
TOTAL EXPENSES $204,293

Year-over-Year Comparison

2024 2023 Change
Revenue $207,103 $202,424 +0.0%
Expenses $204,293 $196,659 +0.0%
Net Income $2,810 $5,765 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
1
Volunteers
12

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
4
$91,163
Total Directors
7
$91,163
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE BIJOU CHAIRMAN 2.00
Officer Director
$0 $0 $0
BRUCE SHERMAN PRESIDENT/EXECUTIVE DIRECT 60.00
Officer Director
$91,163 $0 $91,163
JAY SAVULICH TREASURER 2.00
Officer Director
$0 $0 $0
CELESTE MARCHIONE-MALTZMAN SECRETARY 2.00
Officer Director
$0 $0 $0
PAQUITO D'RIVERA TRUSTEE 1.00
Director
$0 $0 $0
MAYOR RICHARD F TURNER TRUSTEE 1.00
Director
$0 $0 $0
RICHARD J WOLFF TRUSTEE 1.00
Director
$0 $0 $0
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 $207,103 $204,293 $13,628 $2,810
2023 $202,424 $196,659 $10,818 $5,765
2019 $198,463 $196,070 $3,514 $2,393
2018 $208,870 $224,982 $1,121 $-16,112
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