Sheas Oconnel Preservation Guild Ltd
- Assets
- $23.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 364
- Location
- Buffalo, NY
- Founding
- 07/1981
- Data as of
- 06/2021
- EIN
- 16-1158412
Organization Overview
Sheas Oconnel Preservation Guild Ltd 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 06/2021, Sheas Oconnel Preservation Guild Ltd employed 364 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheas Oconnel Preservation Guild Ltd 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, Sheas Oconnel Preservation Guild Ltd generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (23.1%) per year over the past 6 years. 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
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:
PROMOTION OF PERFORMING ARTS PROGRAMS THROUGH THEATER RENTAL AND FEES DERIVED FROM OPERATIONS OF SHEA'S CENTER FOR THE PERFORMING ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael G Murphy President/ceo | Officer | 40 | $291,818 |
John F Herbert Vice President Finance/adm | Officer | 40 | $129,618 |
Thembi Duncan Director Of Arts Engagement And Education | 40 | $105,244 | |
Kevin Sweeney Director Of Marketing And Communications | 40 | $104,686 | |
John Schaller Director Of Fundraising & Development | 40 | $104,567 | |
Kenneth W Jaskier Chairperson | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Buffalo News Advertising & Promotion | 6/29/20 | $213,495 |
Rich's Catering Catering | 6/29/20 | $206,858 |
Allied Universal Security Security | 6/29/20 | $179,976 |
Rodems Constructions Co Inc Construction | 6/29/20 | $168,223 |
Arts Consulting Group Strategic Planning | 6/29/20 | $134,885 |
Buffalo News Advertising & Promotion | 6/29/20 | $213,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,962 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $996,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $684,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,685,857 |
| Total Program Service Revenue | $108,717 |
| Investment income | $135,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $198,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,193,834 |
| 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. | $734,071 |
| Compensation of current officers, directors, key employees. | $734,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,283,262 |
| Pension plan accruals and contributions | $34,702 |
| Other employee benefits | $377,997 |
| Payroll taxes | $166,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,581 |
| Fees for services: Accounting | $36,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,989 |
| Fees for services: Other | $386,612 |
| Advertising and promotion | $146,712 |
| Office expenses | $150,626 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,505 |
| Travel | $4,514 |
| 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 | $354,071 |
| Insurance | $105,639 |
| All other expenses | $164,322 |
| Total functional expenses | $3,674,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $655,285 |
| Savings and temporary cash investments | $12,665,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,002,264 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,705 |
| Prepaid expenses and deferred charges | $216,630 |
| Net Land, buildings, and equipment | $2,362,019 |
| Investments—publicly traded securities | $3,768,166 |
| Investments—other securities | $0 |
| Investments—program-related | $17,004 |
| Intangible assets | $0 |
| Other assets | $1,946,462 |
| Total assets | $23,711,846 |
| Accounts payable and accrued expenses | $858,963 |
| Grants payable | $0 |
| Deferred revenue | $352,955 |
| 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 | $14,599,536 |
| Total liabilities | $15,811,454 |
| Net assets without donor restrictions | $4,967,524 |
| Net assets with donor restrictions | $2,932,868 |
| 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 | $23,711,846 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Sheas Oconnel Preservation Guild Ltd has recieved totaling $79,559.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; RESTORE THE MIGHTY WURLITZER ORGAN; RESTORATION OF SHEA'S BUFFALO GRAND MARQUEES | $58,033 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $5,600 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $176 |
Endowment Analysis
| Beg. Balance | $2,972,044 |
| Earnings | $907,068 |
| Admin Expense | $22,989 |
| Net Contributions | $9,050 |
| Ending Balance | $3,865,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Stamford Center For The Arts Inc Stamford, CT | $18,714,807 | $7,026,118 |
Palace Theater Group Inc Waterbury, CT | $7,137,767 | $7,444,031 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |