Teatro Grattacielo
- Assets
- $166.5k
- Revenue
- $345.9k
- Investments
- $0.0
- Employees
- 34
- Location
- New York, NY
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 13-3789627
Organization Overview
Teatro Grattacielo is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Teatro Grattacielo employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teatro Grattacielo 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 12/2022, Teatro Grattacielo generated $345.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $340.4k during the year ending 12/2022. While expenses have increased by 10.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PERFORMANCES OF WORKS IN THE OPERATIC REPERTOIRE THAT ARE RARELY HEARD IN THE USA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEATRO GRATTACIELO PRODUCED 2 OPERAS (RICCARDO ZANDONAI/GIULIETTA E ROMEO AND W.A. MOZART/DON GIOVANNI), CONTINUED AND EXPANDED THEIR FREE EDUCATIONAL PROGRAM, COLLABORATED WITH THE NY FESTIVAL AND SEVERAL OTHER NY INSTITUTIONS SUCH AS BATTERY PARK CITY AUTHORITY IN SERVING ALL NEW YORKERS AND ESPECIALLY THE UNDERSERVED COMMUNITIES, PROVIDED PAID WORK TO MORE THAN 100 MUSICIANS AND ASSISTED EMERGING ARTISTS IN DEVELOPING THEIR CAREERS THROUGH PERFORMANCE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefanos Koroneos General & Artistic Director | Trustee | 40 | $56,000 |
Enzo Pizzimenti Chairman Of The Board | Trustee | 10 | $0 |
David Santiago Cultural Outreach Officer | Trustee | 1 | $0 |
Marco Mastracci Board Member | Trustee | 1 | $0 |
Duane D Printz Founding Director | Trustee | 1 | $0 |
Katharine Maxwell Educational Outreach/equality Officer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,295 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,639 |
| Noncash contributions included in lines 1a–1f | $6,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,934 |
| Total Program Service Revenue | $16,933 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $345,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,000 |
| Compensation of current officers, directors, key employees. | $33,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,731 |
| Advertising and promotion | $3,668 |
| Office expenses | $3,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $486 |
| Insurance | $1,254 |
| All other expenses | $3,826 |
| Total functional expenses | $340,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,067 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,431 |
| Net Land, buildings, and equipment | $3,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $166,477 |
| Accounts payable and accrued expenses | $7,800 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,800 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $158,677 |
| Total liabilities and net assets/fund balances | $166,477 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Teatro Grattacielo has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,000 |
Geoffrey C Hughes Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Opera Guild Inc New York, NY | $11,636,908 | $9,957,948 |
Opera Philadelphia Philadelphia, PA | $10,821,353 | $11,047,971 |
Pittsburgh Opera Inc Pittsburgh, PA | $33,685,056 | $15,132,156 |
Glimmerglass Opera Theatre Inc Cooperstown, NY | $19,222,270 | $8,564,842 |
Civic Light Opera Association Pittsburgh, PA | $18,382,442 | $7,903,885 |
Fulton Theatre Company Lancaster, PA | $42,962,045 | $8,952,577 |
Boston Lyric Opera Company Boston, MA | $24,492,285 | $7,326,686 |
New York City Opera Inc New York, NY | $2,464,472 | $3,221,600 |
American Friends Of The Paris Opera & Ballet New York, NY | $1,099,480 | $1,059,401 |
Concerts In Motion Inc New York, NY | $1,668,907 | $960,461 |
Lake George Opera Festival Association Inc Saratoga Springs, NY | $321,221 | $1,192,996 |
Pittsburgh Opera Theater Inc Pittsburgh, PA | $277,338 | $656,627 |