Chautauqua Institution
- Assets
- $271.9m
- Revenue
- $47.8m
- Investments
- $4.1m
- Employees
- 916
- Location
- Chautauqua, NY
- Founding
- 04/1960
- Data as of
- 12/2021
- EIN
- 16-0758844
Organization Overview
Chautauqua Institution is located in Chautauqua, NY. The organization was established in 1960. 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 12/2021, Chautauqua Institution employed 916 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chautauqua Institution 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 12/2021, Chautauqua Institution generated $47.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $33.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
WITH A FOCUS ON LIFELONG LEARNING, CHAUTAUQUA INSTITUTION BRINGS TO ITSCONSTITUENTS AND TO THE SURROUNDING COMMUNITIES THE PERSPECTIVES ANDINNOVATIONS OF THOUGHT AND INTERFAITH LEADERS, CONTENT EXPERTS, ANDRENOWNED PERFORMERS AND PRODIGIES IN THE CONTEXT OF FOUR PILLARS OFFOCUS: EDUCATION, RELIGION, RECREATION AND THE ARTS. OUR LEARNING ENVIRONMENT IS CHARACTERIZED BY INTERGENERATIONAL EDUCATION, CIVIL DIALOGUE AND PARTICIPATION. A BROAD RANGE OF PROGRAMS ARE CURATED TO APPEAL TO AN INCREASINGLY DIVERSE AUDIENCE. IN EXCESS OF 4,000 STUDENTS ACROSS GENERATIONS PARTICIPATE IN SPECIAL STUDIES CLASSES EACH YEAR AND MORE THAN 100,000 VISITORS ATTEND OUR PROGRAMS AND SERVICES ANNUALLY. COMMUNITY OUTREACH TO THE SCHOOLS IN SURROUNDING COUNTIES BRINGS THE GIFTS AND INTELLECTS OF OUR LEADERS AND PERFORMING ARTS ORGANIZATIONS TO AREA SCHOOLS. HUNDREDS OF AREA SCHOOL CHILDREN ARE SERVED ANNUALLY THROUGH SCHOOL BASED PROGRAMS AS WELL AS FIELD TRIPS TO CHAUTAUQUA INSTITUTION. OUR ONLINE STREAMING CHANNEL, CHQ ASSEMBLY, BRINGS MUCH OF CHAUTAUQUA'S PROGRAMMING TO A NATION-WIDE AUDIENCE, ENHANCING THE ACCESSIBILITY OF CHAUTAUQUA'S MISSION.
SUPPORT SERVICES, BOX OFFICE AND PARKING MUNICIPAL SERVICES WHICH INCLUDE FACILITY MAINTENANCE AND FOOD SERVICE FOR STUDENTS. THESE SERVICES ARE NECESSARY FOR ALL PROGRAM FUNCTIONS. (100,000+ ARE SERVED)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael E Hill President | Officer | 40 | $383,443 |
George Follansbee Sr VP Of Advancement | Officer | 40 | $221,010 |
Emily Morris Sr VP Of Marketing And Com | Officer | 40 | $200,632 |
Sebastian Baggiano Executive Vice President | Officer | 40 | $187,035 |
Shannon Rozner Sr VP Of Community Relatio | Officer | 40 | $177,317 |
Deborah S Moore Kushmaul Sr VP & Chief Program Offi | Officer | 40 | $175,917 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ibm Corporation Environmental Services | 12/30/21 | $1,000,000 |
S Tabone Paving Paving Contractor | 12/30/21 | $696,070 |
Audienceview Ticketing Corp Software | 12/30/21 | $300,000 |
Cormier And Company Llc Consultant | 12/30/21 | $201,582 |
Northwestern Development Lease | 12/30/21 | $174,458 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,947,738 |
| Government grants | $10,723,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,790,994 |
| Noncash contributions included in lines 1a–1f | $955,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,462,632 |
| Total Program Service Revenue | $16,815,875 |
| Investment income | $5,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $265 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $749,852 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,780,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $769,367 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,809,551 |
| Compensation of current officers, directors, key employees. | $211,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,326,520 |
| Pension plan accruals and contributions | $426,726 |
| Other employee benefits | $1,048,913 |
| Payroll taxes | $873,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $256,689 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $708,097 |
| Office expenses | $0 |
| Information technology | $156,937 |
| Royalties | $0 |
| Occupancy | $701,039 |
| Travel | $1,525,931 |
| 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 | $4,730,013 |
| Insurance | $583,809 |
| All other expenses | $1,663,387 |
| Total functional expenses | $33,484,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,123,321 |
| Savings and temporary cash investments | $2,257,238 |
| Pledges and grants receivable | $8,629,304 |
| Accounts receivable, net | $3,360,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $476,496 |
| Prepaid expenses and deferred charges | $333,772 |
| Net Land, buildings, and equipment | $92,409,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,110,243 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,234,346 |
| Total assets | $271,934,218 |
| Accounts payable and accrued expenses | $3,226,053 |
| 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 | $2,000,000 |
| Other liabilities | $258,696 |
| Total liabilities | $5,484,749 |
| Net assets without donor restrictions | $116,429,207 |
| Net assets with donor restrictions | $150,020,262 |
| 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 | $271,934,218 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chautauqua Institution has recieved totaling $5,100.
| Awarding Organization | Amount |
|---|---|
Fradin Silberstein Foundation Chestnut Hill, MA PURPOSE: CHARITABLE | $5,000 |
Lahey Foundation Naples, FL PURPOSE: OPERATING COSTS | $100 |
Endowment Analysis
| Beg. Balance | $120,403,743 |
| Earnings | $20,397,959 |
| Admin Expense | $639,785 |
| Net Contributions | $4,538,631 |
| Other Expense | $4,435,384 |
| Grants | $30,818 |
| Ending Balance | $140,234,346 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lincoln Center For The Performing Arts Inc New York, NY | $1,091,633,831 | $143,770,938 |
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
New Jersey Performing Arts Center Corporation Newark, NJ | $266,001,987 | $34,288,526 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Wang Theatre Inc Boston, MA | $18,276,113 | $31,405,491 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |