Lincoln Center For The Performing Arts Inc is located in New York, NY. The organization was established in 1963. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Lincoln Center For The Performing Arts Inc employed 973 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Center For The Performing Arts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lincoln Center For The Performing Arts Inc generated $143.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $108.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lincoln Center For The Performing Arts Inc has awarded 13 individual grants totaling $2,220,620. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN, ENCOURAGE, AND PROMOTE THE PERFORMING ARTS. SEE SCHEDULE O FOR CONTINUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITY SERVICES - LINCOLN CENTER FOR THE PERFORMING ARTS PROVIDES FACILITY MAINTENANCE, PARKING, SECURITY AND CLEANING SERVICES FOR TEN CONSTITUENT ORGANIZATIONS COMPRISING LINCOLN CENTER AND THE 16.3-ACRE AREA WHERE MOST RESIDE. THE LINCOLN CENTER CAMPUS WELCOMES VISITORS FROM AROUND THE WORLD TO TICKETED AND FREE PERFORMANCES, SPECIAL EVENTS, AND CIVIC CELEBRATIONS.
EDUCATION, ENGAGEMENT AND ACCESSIBILITY - LINCOLN CENTER'S FOUNDERS BELIEVED THAT "THE ARTS ARE NOT FOR THE PRIVILEGED FEW, BUT FOR THE MANY." SINCE ITS FOUNDING, MORE THAN 20 MILLION PEOPLE HAVE ENGAGED WITH LINCOLN CENTER'S MYRIAD EDUCATIONAL PROGRAMS ON ITS CAMPUS, ATITS AFFILIATED SCHOOLS AND INSTITUTIONS, ONLINE, AND BEYOND. LCPA IS COMMITTED TO PRESENTING THE FINEST EXAMPLES OF PERFORMING ARTS TO THE BROADEST POSSIBLE AUDIENCE AND OFFERING EXTENSIVE EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMMING GEARED TO NEW AUDIENCES AND UNDERSERVED COMMUNITIES. THESE HAVE INCLUDED A PERFORMANCE SERIES FOR YOUNG PEOPLE, FREE PERFORMANCES AND DISCOUNT TICKET OFFERINGS, PROGRAMS AND SERVICES FOR PEOPLE WITH DISABILITIES, COMMUNITY ENGAGEMENT PROGRAMS FOR FAMILIES, PROFESSIONAL DEVELOPMENT FOR ARTISTS AND EDUCATORS, AND A WIDE ARRAY OF EDUCATIONAL PROGRAMS THAT HELP DEVELOP STUDENTS' CRITICAL THINKING AND PROBLEM-SOLVING SKILLS THROUGH THE INQUIRY-BASED METHODS OF ART-MAKING.EXPENSES $3,152,042. INCL GRANTS OF $255,000. REVENUE $185,714.INNOVATION AND OTHER VENTURES - IN THE COMMUNITY, LCPA EXPANDS ITS PRESENCE WITH A HOST OF INITIATIVES TO MAKE THE ARTS MORE ACCESSIBLE. LINCOLN CENTER ALSO CONTINUES TO EXPERIMENT WITH NEW WAYS TO INCREASE PUBLIC ACCESS AND EXPOSURE TO HIGH QUALITY ARTS CONTENT.THE COLLIDER IS LINCOLN CENTER'S R&D LAB FOR THE PERFORMING ARTS. IN ITS INAUGURAL SEASON IT WELCOMED 10 CREATIVES FROM A VARIETY OF DISCIPLINES WHO GATHERED TO CREATE PROJECTS AT THE INTERSECTION OF THE ARTS, TECHNOLOGY, AND SOCIAL JUSTICE. THE COHORT OF FELLOWS MET ON A MONTHLY BASIS FOR 10 MONTHS AND PRESENTED THEIR DEVELOPING PROJECTS TO AN INTERNAL AUDIENCE OF STAFF, FUNDERS, AND ARTISTS WITHIN LINCOLN CENTER'S NETWORK.FOLLOWING THE CLOSE OF THE FIRST PROGRAM YEAR, SIX FELLOWS HAVE ADVANCED THEIR PROJECTS FOR WIDER AUDIENCES. THESE INCLUDE PUBLIC INSTALLATIONS IN HIGH SCHOOLS ACROSS NEW YORK CITY, A PREMIERE OF A NEUROSCIENCE-BASED OPERA AND AN IMMERSIVE THEATRICAL EXPERIENCE DETAILING RHODESIAN FREEDOM FIGHTERS. IN ADDITION TO THE TEN FELLOWS, THE COLLIDER PROJECTS HAVE EACH ATTRACTED THEIR OWN COLLABORATORS AND ARTISTS. CURRENTLY THERE ARE OVER 20 PRACTITIONERS WORKING IN THE ORBIT OF THE PROGRAM. EXPENSES $2,910,386. INCL GRANTS OF $0. REVENUE $2,134,682.
LINCOLN CENTER REDEVELOPMENT - LINCOLN CENTER DEVELOPMENT PROJECT EMBRACES LINCOLN CENTER'S GOAL OF FOSTERING THE PERFORMING ARTS TO IMPROVE THE CULTURAL LIFE OF COMMUNITIES THROUGHOUT THE UNITED STATES AND THE WORLD BY OVERSEEING THE ACTIVITIES ASSOCIATED WITH RENOVATING, MODERNIZING AND RECONFIGURING BUILDINGS ON THE LINCOLN CENTER CAMPUS OPEN TO THE PUBLIC FOR EDUCATIONAL AND CULTURAL PERFORMANCES. IN ADDITION, INCLUDED IN TOTAL EXPENSES REPORTED ABOVE ARE $10,031,416 IN FINANCING COSTS RELATED TO CAMPUS CAPITAL PROJECTS.
PERFORMANCE PROGRAMMING - LINCOLN CENTER FOR THE PERFORMING ARTS PRESENTS AN EXPANSIVE ROSTER OF FREE AND CHOOSE WHAT YOU PAY PERFORMANCES, DISCUSSIONS, EDUCATIONAL INITIATIVES, AND CIVIC ACTIVATIONS ANNUALLY, OPEN TO THE PUBLIC. AT THE HEART OF THIS WORK IS THE CELEBRATION OF THE VIBRANT CULTURAL COMMUNITIES OF NYC, SUPPORTING THE RESIDENT CONSTITUENT ARTS ORGANIZATIONS ON THE LINCOLN CENTER CAMPUS, AND SPURRING INNOVATION IN THE ARTS, ALL EMBEDDED WITH VALUES OF INCLUSION, DIVERSITY, EQUITY, AND ACCESSIBILITY. SEE SCHEDULE O FOR CONTINUATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Katherine Farley Chairman | OfficerTrustee | 20 | $0 |
Richard K Descherer Vice Chair | OfficerTrustee | 3 | $0 |
Joel S Ehrenkranz Vice Chair | OfficerTrustee | 3 | $0 |
John B Hess Vice Chair | OfficerTrustee | 3 | $0 |
Bruce Kovner Vice Chair | OfficerTrustee | 3 | $0 |
Philip L Milstein Vice Chair | OfficerTrustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Specialty Construction System Inc Construction Firm | 6/29/22 | $3,042,488 |
Gemini Music Productions Artist Fees | 6/29/22 | $842,042 |
Hudson Scenic Studio Inc Stage Construction | 6/29/22 | $731,230 |
United Staging & Rigging Llc Stage Construction | 6/29/22 | $637,199 |
Audio Incorporated Audio Rent And Labor | 6/29/22 | $556,218 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $157,860,761 |
Investment income | $313,486 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$54,619,940 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $93,944 |
Miscellaneous Revenue | $0 |
Total Revenue | $143,770,938 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $255,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,175,099 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $29,863,370 |
Pension plan accruals and contributions | $3,965,065 |
Other employee benefits | $7,867,623 |
Payroll taxes | $1,494,299 |
Fees for services: Management | $0 |
Fees for services: Legal | $543,911 |
Fees for services: Accounting | $322,700 |
Fees for services: Lobbying | $126,695 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,356,566 |
Fees for services: Other | $2,192,517 |
Advertising and promotion | $628,411 |
Office expenses | $1,550,302 |
Information technology | $1,572,982 |
Royalties | $69,630 |
Occupancy | $6,914,825 |
Travel | $33,957 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $79,624 |
Interest | $10,031,416 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $16,898,452 |
Insurance | $1,941,034 |
All other expenses | $0 |
Total functional expenses | $108,914,452 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $51,185 |
Savings and temporary cash investments | $94,550,104 |
Pledges and grants receivable | $170,133,026 |
Accounts receivable, net | $9,806,994 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $621,064 |
Prepaid expenses and deferred charges | $4,848,522 |
Investments—publicly traded securities | $72,047,472 |
Investments—other securities | $263,367,639 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,067,657 |
Total assets | $1,091,633,831 |
Accounts payable and accrued expenses | $24,538,252 |
Grants payable | $0 |
Deferred revenue | $76,042,802 |
Tax-exempt bond liabilities | $245,292,004 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $70,160,000 |
Other liabilities | $75,689,248 |
Total liabilities | $491,722,306 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $599,911,525 |
Over the last fiscal year, Lincoln Center For The Performing Arts Inc has awarded $2,220,620 in support to 13 organizations.
Grant Recipient | Amount |
---|---|
PREGONES PUERTO RICAN TRAVELING THEATER INC PURPOSE: To support cultural innovation (see Part IV) | $85,000 |
LINCOLN CENTER DEVELOPMENT PROJECT INC PURPOSE: To provide funding for redevelopment of the Lincoln Center campus | $1,370,620 |
THE DREAMYARD PROJECT INC PURPOSE: To support cultural innovation (see Part IV) | $80,000 |
BRIC ARTS MEDIA BKLYN INC PURPOSE: To support cultural innovation (see Part IV) | $80,000 |
IFETAYO CULTURAL ARTS ACADEMY INC PURPOSE: To support cultural innovation (see Part IV) | $80,000 |
ART CREATES US INC DBA PROJECTART PURPOSE: To support cultural innovation (see Part IV) | $80,000 |