Sheas Oconnel Preservation Guild Ltd
- Assets
- $24.5m
- Revenue
- $23.5m
- Investments
- $0.0
- Employees
- 446
- Location
- Buffalo, NY
- Founding
- 07/1981
- Data as of
- 06/2023
- EIN
- 16-1158412
Organization Overview
Sheas Oconnel Preservation Guild Ltd, operating under the name Shea's Performing Arts Center, is located in Buffalo, NY. The organization was established in 1981. 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 06/2023, Shea's Performing Arts Center employed 446 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shea's Performing Arts Center 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 06/2023, Shea's Performing Arts Center generated $23.5m 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 $23.5m during the year ending 06/2023. While expenses have increased by 3.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE & MAINTAIN SHEA'S BUFFALO THEATRE FOR PRESENT & FUTURE GENERATIONS TO ENJOY AS A WORKING HISTORIC THEATRE PROVIDING A WIDE VARIETY OF LIVE PERFORMING ARTS EXPERIENCES FOR OUR PATRONS AND INNOVATIVE AND EFFECTIVE EDUCATIONAL EXPERIENCES FOSTERING AN APPRECIATION OF LIVE THEATRE BY AREA YOUTH.
Describe the Organization's Program Activity:
PRODUCTION AND PERFORMANCE OF THEATRICAL EXPERIENCES TO THE WESTERN NEW YORK COMMUNITY. MIXING CLASSICAL PRODUCTIONS WITH CONTEMPORARY HITS AND NEW, INNOVATIVE SHOWS, SHEA'S THEATRE REMAINS COMMITTED TO DELIVERING WORLD-CLASS PRODUCTIONS TO ITS DEDICATED AUDIENCE.
ARTS ENGAGEMENT AND EDUCATION TO FOSTER ARTISTIC EXPRESSION AND COMMUNITY INVOLVEMENT. THE PROGRAM AIMS TO INSPIRE CREATIVITY, CULTIVATE DIVERSE TALENTS, AND FOSTER A DEEP APPRECIATION FOR THE ARTS BY PROVIDING ACCESSIBLE AND INCLUSIVE ARTS EDUCATION, INNOVATIVE PROGRAMS, AND MEANINGFUL COMMUNITY ENGAGEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael G Murphy President/ceo | Officer | 50 | $296,143 |
John F Herbert Cfo/vp Of Finance And Admin | Officer | 50 | $165,789 |
Robert Brunschmid VP Of Operations | 50 | $145,907 | |
John Schaller VP Of Development | 50 | $128,494 | |
Randall K Best Chairperson | OfficerTrustee | 2 | $0 |
Jonathan A Dandes Vice Chairperson | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Buffalo Special Investigation Security | 6/29/23 | $255,037 |
Frey Electric Construction | 6/29/23 | $214,826 |
The Buffalo News News & Advertising | 6/29/23 | $197,073 |
Rich's Catering Catering | 6/29/23 | $157,786 |
Kideney Architects Design And Architecture | 6/29/23 | $123,471 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,990 |
| Fundraising events | $178,259 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,289,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,473,210 |
| Total Program Service Revenue | $21,658,741 |
| Investment income | $248,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,006 |
| Net Income from Fundraising Events | $14,792 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,487,181 |
| 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. | $662,921 |
| Compensation of current officers, directors, key employees. | $662,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,736,888 |
| Pension plan accruals and contributions | $54,993 |
| Other employee benefits | $504,286 |
| Payroll taxes | $434,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $181,945 |
| Fees for services: Accounting | $196,754 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,679 |
| Fees for services: Other | $827,606 |
| Advertising and promotion | $922,693 |
| Office expenses | $336,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $270,432 |
| Travel | $39,340 |
| 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 | $353,904 |
| Insurance | $217,887 |
| All other expenses | $1,055,394 |
| Total functional expenses | $23,515,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,094,309 |
| Savings and temporary cash investments | $10,031,321 |
| Pledges and grants receivable | $1,000 |
| Accounts receivable, net | $30,075 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $83,560 |
| Prepaid expenses and deferred charges | $96,045 |
| Net Land, buildings, and equipment | $2,911,907 |
| Investments—publicly traded securities | $7,097,152 |
| Investments—other securities | $0 |
| Investments—program-related | $132 |
| Intangible assets | $800,444 |
| Other assets | $2,323,796 |
| Total assets | $24,469,741 |
| Accounts payable and accrued expenses | $1,383,827 |
| Grants payable | $0 |
| Deferred revenue | $7,111,443 |
| 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 | $112,600 |
| Total liabilities | $8,607,870 |
| Net assets without donor restrictions | $13,186,091 |
| Net assets with donor restrictions | $2,675,780 |
| 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 | $24,469,741 |