Count Basie Theatre Inc, operating under the name Count Basie Center For The Arts, is located in Red Bank, NJ. The organization was established in 1973. 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 06/2024, Count Basie Center For The Arts employed 404 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Count Basie Center For The Arts 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 06/2024, Count Basie Center For The Arts generated $29.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $25.8m during the year ending 06/2024. While expenses have increased by 11.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE, EDUCATE AND ENTERTAIN THROUGH ITS DISTINCT AND ENGAGING CULTURAL AND ARTISTIC OFFERINGS THAT EMBRACE AND AMPLIFY THE DIVERSITY OF THE REGION.
Describe the Organization's Program Activity:
THE COUNT BASIE CENTER FOR THE ARTS CONTINUES TO PERSEVERE IN ITS MISSION TO INSPIRE, EDUCATE AND ENTERTAIN THROUGH OUR DISTINCT AND ENGAGING CULTURAL AND ARTISTIC OFFERINGS, ALL OF WHICH AIM TO EMBRACE AND AMPLIFY THE DIVERSITY OF THE REGION. IN FY2024, THE COUNT BASIE CENTER ACADEMY WELCOMED NEARLY 1,000 STUDENTS TO OUR RED BANK CAMPUS, ENGAGING THEM WITH A VARIETY OF EXPERIENCES - FROM MAINSTAGE PRODUCTIONS LIKE DISNEY'S "FROZEN JR.", "THE DESCENDANTS", "MEAN GIRLS", "SEUSSICAL KIDS", AND "THE SPONGEBOB MUSICAL"- TO ACTING, DANCING AND VOCAL LESSONS, INSTRUCTION IN AUDITIONING FOR TELEVISION AND FILM, AND MORE. AT THE BASIE CENTER'S MONMOUTH CONSERVATORY OF MUSIC, MORE THAN 200 STUDENTS RECEIVED REGULAR INSTRUCTION IN PIANO, CLASSICAL GUITAR, WOODWINDS, STRINGS AND OTHER INSTRUMENTS, IN ADDITION TO GROUP EXPERIENCES SUCH AS ENSEMBLES AND ORCHESTRA. IN LINE WITH OUR CONTINUED FOCUS ON PROMOTING DIVERSITY, EQUITY AND INCLUSION BOTH INTERNALLY AND THROUGHOUT THE COMMUNITY, THE COUNT BASIE CENTER TRAINED STAFF MEMBERS TO CONDUCT DEI ONBOARDING EFFORTS, EMBARKED ON A PARTNERSHIP WITH TWO RIVER THEATER TO CREATE A BILINGUAL WORKFORCE TRAINING PROGRAM, AND CONTINUED TRAININGS AND IMPLEMENTATIONS AS RECOMMENDED BY THE STAFF-WIDE DEI TASK FORCE AS WELL AS THE DEI COMMITTEE, MADE UP OF MEMBERS OF THE COUNT BASIE CENTER BOARD OF TRUSTEES. OUR DEI WORK HELPS INFORM THE WAYS IN WHICH WE ENGAGE THE COMMUNITY THROUGH OUR PERFORMING ARTS AND EDUCATION PROGRAMS, INCLUDING EVENTS CELEBRATING DR. MARTIN LUTHER KING, CINCO DE MAYO AND DIA DE LOS MUERTOS. MORE THAN 50 AREA STUDENTS PARTICIPATED IN THE ANNUAL, FREE LOUIS AND GIA MAIONE PRIMA SUMMER MUSIC CAMP - MANY OF WHOM HAD PREVIOUSLY NEVER PICKED UP A MUSICAL INSTRUMENT. THE COUNT BASIE CENTER GOSPEL CHOIR HEADLINED BASIE CENTER STAGES AND NUMEROUS PUBLIC EVENTS, WHILE OUR PARTNERS WITH CALPULLI MEXICAN DANCE COMPANY CONTINUED ITS ONSITE CLASSES AND PERFORMANCES IN PROMOTION OF TRADITIONAL MEXICAN FOLKLORIC DANCE. THE BASIE CENTER'S 'FOREVER FOR EVERYONE' ENDOWMENT CAMPAIGN RAISED MORE THAN $15.5 MILLION TOWARDS THE EFFORT'S $20 MILLION GOAL. PROMISES OF THE ENDOWMENT ARE ALREADY BEING REALIZED; THE BASIE CENTER'S ACADEMY PROGRAMS OFFERED SCHOLARSHIPS TO 258 STUDENTS - A 55% INCREASE OVER THE YEAR PRIOR. 'FOREVER FOR EVERYONE ALSO SUPPORTS THE BASIE CENTER FUND FOR STRATEGIC GROWTH, WHICH PROVIDES FUNDS TO LAUNCH NEW PROGRAMS, ESPECIALLY THOSE WHICH DEEPEN OUR COMMITMENT TO CULTURAL COMPETENCY, RACIAL EQUITY, AND SOCIAL INCLUSION. LASTLY, NEARLY MORE THAN 6,000 STUDENTS VISITED THE COUNT BASIE CENTER CAMPUS AS PART OF OUR 'CURTAINS UP FOR KIDS' SCHOOL SHOW PROGRAM, WHICH WELCOMED STUDENTS FROM 58 SCHOOLS THROUGHOUT THE STATE - FROM AS FAR AS WARREN AND ATLANTIC COUNTIES, PLUS MONMOUTH, OCEAN, MERCER, UNION, AND HUDSON - WHILE SUBSIDIZING MORE THAN $41,000 IN EVENT TICKETS AND $16,000+ IN BUS TRANSPORTATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Adam Philipson CEO & President | Officer | 60 | $466,714 |
Karen Franklin Chief Financial Officer | Officer | 40 | $266,151 |
Isidore Sackowitz Chief Operating Officer | 40 | $226,766 | |
Jonathan E Vena Chief Marketing Officer | 40 | $207,347 | |
Lysa J Israel Sr. Director Of Development | 40 | $147,025 | |
Samantha Giustiniani Vp, Education & Outreach | 40 | $121,381 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Wme Artist Fee | 6/29/24 | $815,181 |
Throughbred Management Of Nj Llc Consulting | 6/29/24 | $287,555 |
Wasserman Music Llc Artist Fee | 6/29/24 | $218,933 |
Light Of Day Foundation Artist Fee | 6/29/24 | $182,028 |
Matamorphic Concerts Llc Artist Fee | 6/29/24 | $124,997 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $550,393 |
Related organizations | $0 |
Government grants | $491,098 |
All other contributions, gifts, grants, and similar amounts not included above | $6,140,796 |
Noncash contributions included in lines 1a–1f | $551,345 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,182,287 |
Total Program Service Revenue | $20,666,447 |
Investment income | $789,594 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $271,360 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $29,098,598 |
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. | $754,804 |
Compensation of current officers, directors, key employees. | $297,389 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,035,400 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $488,448 |
Payroll taxes | $549,802 |
Fees for services: Management | $0 |
Fees for services: Legal | $40,623 |
Fees for services: Accounting | $95,671 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $62,258 |
Fees for services: Other | $403,838 |
Advertising and promotion | $701,246 |
Office expenses | $84,113 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $547,903 |
Travel | $96,627 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $112,065 |
Interest | $665,559 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,805,800 |
Insurance | $209,333 |
All other expenses | $1,250,124 |
Total functional expenses | $25,790,914 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $417,837 |
Savings and temporary cash investments | $3,640,004 |
Pledges and grants receivable | $8,927,447 |
Accounts receivable, net | $65,339 |
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 | $363,381 |
Net Land, buildings, and equipment | $45,133,753 |
Investments—publicly traded securities | $14,782,598 |
Investments—other securities | $183,491 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $73,513,850 |
Accounts payable and accrued expenses | $3,097,725 |
Grants payable | $0 |
Deferred revenue | $5,301,822 |
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 | $22,241,032 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $30,640,579 |
Net assets without donor restrictions | $34,026,088 |
Net assets with donor restrictions | $8,847,183 |
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 | $73,513,850 |