Bardavon 1869 Opera House Inc
- Assets
- $16.2m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 172
- Location
- Poughkeepsie, NY
- Founding
- 03/1977
- Data as of
- 10/2023
- EIN
- 14-1585490
Organization Overview
Bardavon 1869 Opera House Inc is located in Poughkeepsie, NY. The organization was established in 1977. 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 10/2023, Bardavon 1869 Opera House Inc employed 172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bardavon 1869 Opera House 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 10/2023, Bardavon 1869 Opera House Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $4.5m during the year ending 10/2023. While expenses have increased by 2.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL PROGRAMS - TO PROVIDE LIVE PERFORMING ARTS, ARTS EDUCATION, AND FILMS FOR RESIDENTS OF THE MID-HUDSON VALLEY.
Describe the Organization's Program Activity:
CULTURAL PROGRAMS - TO PROVIDE LIVE PERFORMING ARTS, ARTS EDUCATION, AND FILMS FOR RESIDENTS OF THE MID-HUDSON VALLEY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Renner President | OfficerTrustee | 1 | $0 |
Karen Strain Smythe Vice President/immediate Past Pres. | OfficerTrustee | 1 | $0 |
Barbara Mauri Secretary | OfficerTrustee | 1 | $0 |
Linda Hannigan Treasurer | OfficerTrustee | 1 | $0 |
Robert Airhart Director | Trustee | 1 | $0 |
Bryant Andrews Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caaeast West Touring Performance | 6/29/17 | $370,000 |
Icmcrown Productions Inc Performance | 6/29/17 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $195,174 |
| Fundraising events | $246,981 |
| Related organizations | $0 |
| Government grants | $136,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,264,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,843,462 |
| Total Program Service Revenue | $2,042,376 |
| Investment income | $153,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,326 |
| Net Gain/Loss on Asset Sales | -$15,905 |
| Net Income from Fundraising Events | -$54,929 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,877 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,109,946 |
| 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. | $124,430 |
| Compensation of current officers, directors, key employees. | $93,093 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,273 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,830 |
| Payroll taxes | $16,220 |
| Fees for services: Management | $1,559,965 |
| Fees for services: Legal | $72,040 |
| Fees for services: Accounting | $36,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $932,461 |
| Advertising and promotion | $180,243 |
| Office expenses | $106,997 |
| Information technology | $83,523 |
| Royalties | $0 |
| Occupancy | $223,550 |
| Travel | $69,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,732 |
| Interest | $28,816 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $318,476 |
| Insurance | $0 |
| All other expenses | $15,714 |
| Total functional expenses | $4,502,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,379 |
| Savings and temporary cash investments | $3,245,939 |
| Pledges and grants receivable | $861,200 |
| Accounts receivable, net | $4,394 |
| 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 | $48,591 |
| Net Land, buildings, and equipment | $1,317,232 |
| Investments—publicly traded securities | $2,317,194 |
| Investments—other securities | $0 |
| Investments—program-related | $7,417,446 |
| Intangible assets | $0 |
| Other assets | $665,731 |
| Total assets | $16,162,106 |
| Accounts payable and accrued expenses | $167,094 |
| Grants payable | $0 |
| Deferred revenue | $462,365 |
| 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 | $548,630 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,362 |
| Total liabilities | $1,220,451 |
| Net assets without donor restrictions | $11,001,941 |
| Net assets with donor restrictions | $3,939,714 |
| 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 | $16,162,106 |