The Arts Center Of The Capital Region
- Assets
- $2.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 97
- Location
- Troy, NY
- Founding
- 05/1966
- Data as of
- 06/2021
- EIN
- 14-1484756
Organization Overview
The Arts Center Of The Capital Region is located in Troy, NY. The organization was established in 1966. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Arts Center Of The Capital Region employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Center Of The Capital Region 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, Arts Center Of The Capital Region generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ARTS CENTER OF THE CAPITAL REGION ENGAGES PEOPLE IN THE CREATIVE EXPERIENCE. WE ARE THE REGION'S PREEMINENT PROPONENT OF THE ARTS AND CREATIVE EDUCATION, EXPRESSION, AND APPRECIATION, SERVING PEOPLE OF ALL AGES, ABILITIES, AND ECONOMIC AND CULTURAL BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS: ART CLASSES FOR ADULTS & CHILDREN INCLUDES IN-HOUSE CLASSES, COLLEGE COURSES FOR CREDIT, SUMMER CAMPS AND AFTER SCHOOL CLASSES. ARTS CENTER AND COMMUNITY OUTREACH: ARTS CENTER AND COMMUNITY OUTREACH PROGRAMS TAKE ARTS CENTER ACTIVITIES TO A BROADER PUBLIC. ARTS CENTER PROGRAMS INCLUDE GALLERY EXHIBITIONS, PERFORMANCES, AND OTHER ACTIVITIES FOR PUBLIC AUDIENCES TAKING PLACE IN THE SPACE AT THE CENTER. COMMUNITY OUTREACH INCLUDES PROGRAMS TAKEN OFF-SITE, IN THE COMMUNITY AND INCLUDE YOUTH AT-RISK PROGRAMS, AND GRANT PROGRAMS WHICH PROVIDE FUNDING TO OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Reiss CEO | Officer | 40 | $106,695 |
Amy Williams Chair Of The Board | OfficerTrustee | 1 | $0 |
Daniel Centi Treasurer | OfficerTrustee | 1 | $0 |
Mel Quinlan Secretary | OfficerTrustee | 1 | $0 |
Shelly Stone Immediate Past Chair Of Th | OfficerTrustee | 1 | $0 |
Shanelle Carter Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,155 |
| Fundraising events | $104,391 |
| Related organizations | $0 |
| Government grants | $352,046 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,863 |
| Noncash contributions included in lines 1a–1f | $4,376 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $798,455 |
| Total Program Service Revenue | $210,034 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,096 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,637 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,144 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,036,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,200 |
| Grants and other assistance to domestic individuals. | $26,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,157 |
| Compensation of current officers, directors, key employees. | $40,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,093 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,752 |
| Payroll taxes | $34,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,153 |
| Advertising and promotion | $14,306 |
| Office expenses | $39,897 |
| Information technology | $8,715 |
| Royalties | $0 |
| Occupancy | $83,487 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,589 |
| Interest | $26,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,282 |
| Insurance | $38,392 |
| All other expenses | $0 |
| Total functional expenses | $1,121,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,212 |
| Savings and temporary cash investments | $104,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,582 |
| 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 | $7,637 |
| Net Land, buildings, and equipment | $2,411,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,325 |
| Total assets | $2,904,845 |
| Accounts payable and accrued expenses | $29,942 |
| Grants payable | $0 |
| Deferred revenue | $142,987 |
| 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 | $608,604 |
| Unsecured mortgages and notes payable | $90,553 |
| Other liabilities | $625 |
| Total liabilities | $872,711 |
| Net assets without donor restrictions | $1,803,904 |
| Net assets with donor restrictions | $228,230 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,904,845 |
Grants Awarded
Over the last fiscal year, The Arts Center Of The Capital Region has awarded $71,200 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Schenectady, NY PURPOSE: REGRANTS FOR ARTISTIC SERVICES AND ORGANIZATIONS | $5,000 |
Albany, NY PURPOSE: REGRANTS FOR ARTISTIC SERVICES AND ORGANIZATIONS | $4,000 |
Schenectady, NY PURPOSE: REGRANTS FOR ARTISTIC SERVICES AND ORGANIZATIONS | $4,000 |
Schenectady, NY PURPOSE: REGRANTS FOR ARTISTIC SERVICES AND ORGANIZATIONS | $4,000 |
Albany, NY PURPOSE: REGRANTS FOR ARTISTIC SERVICES AND ORGANIZATIONS | $4,000 |
Schenectady, NY PURPOSE: REGRANTS FOR ARTISTIC SERVICES AND ORGANIZATIONS | $4,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that The Arts Center Of The Capital Region has recieved totaling $159,604.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL OPERATING SUPPORT | | $50,000 |
The Troy Savings Bank Charitable Foundation Inc Troy, NY PURPOSE: PROGRAM SUPPORT | $32,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $25,000 |
Mccarthy Charities Inc Troy, NY PURPOSE: THE FISH MARKET PROJECT | $10,000 |
William Gundry Broughton Charitable Private Foundation Inc Glenville, NY PURPOSE: UNRESTRICTED | $10,000 |
The Howard And Bush Foundation Troy, NY PURPOSE: UNITING LINE - PUBLIC ART | $10,000 |
Endowment Analysis
| Beg. Balance | $234,909 |
| Net Contributions | $227,788 |
| Other Expense | $234,467 |
| Ending Balance | $228,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Manhattan Cultural Council Inc New York, NY | $12,296,474 | $4,161,213 |
Vermont Council On The Arts Inc Montpelier, VT | $1,668,560 | $4,418,731 |
Cny Arts Inc Syracuse, NY | $3,639,990 | $4,131,478 |
Artswestchester Inc White Plains, NY | $12,989,925 | $5,051,265 |
Brooklyn Arts Council Brooklyn, NY | $3,792,186 | $4,166,214 |
The Council For Canadian American Relations Inc New York, NY | $2,490,659 | $3,178,474 |
Newark Arts Council Newark, NJ | $1,947,360 | $2,660,381 |
Greater Philadelphia Cultural Alliance Philadelphia, PA | $2,137,622 | $2,196,078 |
Spaceworks Nyc Inc New York, NY | $311,147 | $269,250 |
Bronx Council On The Arts Inc Bronx, NY | $7,969,070 | $2,295,657 |
Dance Service New York City Inc New York, NY | $6,304,489 | $5,030,876 |
Flushing Council On Culture And The Arts Inc Flushing, NY | $1,674,385 | $1,969,249 |