Syracuse Area Landmark Theatre
- Assets
- $20.5m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 254
- Location
- Syracuse, NY
- Founding
- 10/1976
- Data as of
- 12/2022
- EIN
- 22-2148823
Organization Overview
Syracuse Area Landmark Theatre is located in Syracuse, NY. The organization was established in 1976. 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 12/2022, Syracuse Area Landmark Theatre employed 254 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Syracuse Area Landmark Theatre 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 12/2022, Syracuse Area Landmark Theatre generated $15.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 57.0% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 59.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND RESTORATION OF THE LOEW'S THEATRE BUILDING AS A HISTORIC AND CULTURAL LANDMARK, AND ENHANCEMENT OF THE THEATRE BY PROMOTING ARTS AND OTHER EDUCATIONAL AND CULTURAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION AND RESTORATION OF THE LOEW'S THEATRE BUILDING AS A HISTORIC AND CULTURAL LANDMARK, AND ENHANCEMENT OF THE THEATRE BY PROMOTING ARTS AND OTHER EDUCATIONAL AND CULTURAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Breuer President | OfficerTrustee | 3 | $0 |
Kristy Brightman Secretary | OfficerTrustee | 3 | $0 |
Tammy Reyes Treasurer | OfficerTrustee | 2 | $0 |
Colin Leonard Vice President | OfficerTrustee | 2 | $0 |
Ruthnie Angrand Trustee | Trustee | 1 | $0 |
Leigh Ann Boatman Benz Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,510 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $252,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,228,861 |
| Noncash contributions included in lines 1a–1f | $11,007,528 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,499,871 |
| Total Program Service Revenue | $2,242,477 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,150 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $481,544 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,247,679 |
| 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. | $90,942 |
| Compensation of current officers, directors, key employees. | $72,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,167,123 |
| Pension plan accruals and contributions | $5,608 |
| Other employee benefits | $39,989 |
| Payroll taxes | $108,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,600 |
| Office expenses | $138,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $278,921 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $574,529 |
| Insurance | $71,776 |
| All other expenses | $0 |
| Total functional expenses | $3,271,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,582,662 |
| Savings and temporary cash investments | $260,477 |
| Pledges and grants receivable | $830,000 |
| Accounts receivable, net | $21,924 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,404 |
| Prepaid expenses and deferred charges | $16,156 |
| Net Land, buildings, and equipment | $17,694,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,826 |
| Total assets | $20,483,254 |
| Accounts payable and accrued expenses | $100,339 |
| Grants payable | $0 |
| Deferred revenue | $537,929 |
| 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 | $179,361 |
| Other liabilities | $619,214 |
| Total liabilities | $1,436,843 |
| Net assets without donor restrictions | $17,905,171 |
| Net assets with donor restrictions | $1,141,240 |
| 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 | $20,483,254 |