Thousand Islands Performing Artsfund Inc
- Assets
- $851.9k
- Revenue
- $584.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Clayton, NY
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 22-2317579
Organization Overview
Thousand Islands Performing Artsfund Inc is located in Clayton, NY. The organization was established in 1980. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Thousand Islands Performing Artsfund Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thousand Islands Performing Artsfund Inc 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, Thousand Islands Performing Artsfund Inc generated $584.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $340.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER APPRECIATION OF THE PERFORMING ARTS IN THE THOUSAND ISLANDS REGION BY OFFERING AND PROMOTING OUTSTANDING PERFORMANCES AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER BEING SHUTTERED FOR 18 MONTHS WE REOPENED ON JUNE 1, 2021 HOSTING LIVE PERFORMANCES. WE WERE ABLE TO HOST LOCAL AREA PERFORMERS, SPEAKERS AND MOVIES THROUGH THE SUMMER AND BY FALL WE BROUGHT IN SOME PERFORMERS THAT WERE PREVIOUSLY CONTRACTED FOR 2020. COVID PRECAUTIONS STILL PLAYED A ROLL IN AUDIENCE SIZES AS WE NAVIGATED THROUGH RESTRICTIONS BEING LIFTED AND RE-ENFORCED. WE INSTALLED LIVE STREAMING EQUIPMENT AND UTILIZED IT SEVERAL TIMES LATE IN 2021 TO AUDIENCE MEMBERS THAT WERE UNABLE TO ATTEND EITHER DUE TO RESTRICTIONS OR DUE TO BEING OUT OF THE AREA. WE WERE ABLE TO INSTALL THIS EQUIPMENT WITH HELP FROM TWO GRANTS RECEIVED FROM THE NORTHERN NEW YORK COMMUNITY FOUNDATION AND THE JOHN BEN SNOW MEMORIAL TRUST FOUNDATION. WE WERE ALSO SUCCESSFUL IN OBTAINING A SHUTTERED VENUES OPERATOR GRANT WHICH WE ARE USING TO FUND A PORTION OF OUR EXPENSES PROSPECTIVELY.WE HAVE A FULL SCHEDULE OF EVENTS PLANNED FOR 2022 AS WE APPEAR TO BE RETURNING TO MORE NORMALCY. WE HAVE OVER 80 EVENTS SCHEDULED FOR THIS YEAR THAT INCLUDE TIPAF PERFORMANCES, RENTALS, CLAYTON COMMUNITY BAND PERFORMANCES AND WEDDINGS. WE HAVE PARTNERED WITH THE THOUSAND ISLANDS MUSEUM TO HOST SOME OF THEIR SPEAKERS IN OUR UPSTAIRS BALLROOM TO ALLOW FOR A MORE COMFORTABLE SPACING OF ATTENDEES. THESE SPEAKERS ARE HONORING CLAYTON'S SESQUICENTENNIAL IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Garnsey Executive Director | Officer | 40 | $65,000 |
Fritz Hager Past President | OfficerTrustee | 2 | $0 |
Brent Richardson Treasurer | OfficerTrustee | 2 | $0 |
Timothy Lalonde President | OfficerTrustee | 2 | $0 |
Jane Beadel Chair, Volunteer/developme | OfficerTrustee | 2 | $0 |
Susan Whitney Vice-President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $268,683 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,361 |
| Total Program Service Revenue | $77,072 |
| Investment income | $19,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,062 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,205 |
| Payroll taxes | $16,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,125 |
| Fees for services: Accounting | $5,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,200 |
| Fees for services: Other | $1,700 |
| Advertising and promotion | $20,889 |
| Office expenses | $19,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,461 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,777 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,090 |
| Insurance | $5,555 |
| All other expenses | $0 |
| Total functional expenses | $340,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,948 |
| 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 | $5,919 |
| Net Land, buildings, and equipment | $49,169 |
| Investments—publicly traded securities | $572,881 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,794 |
| Total assets | $851,894 |
| Accounts payable and accrued expenses | $9,239 |
| Grants payable | $0 |
| Deferred revenue | $52,744 |
| 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 | $0 |
| Total liabilities | $61,983 |
| Net assets without donor restrictions | $789,911 |
| Net assets with donor restrictions | $0 |
| 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 | $851,894 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Thousand Islands Performing Artsfund Inc has recieved totaling $28,813.
| Awarding Organization | Amount |
|---|---|
Northern New York Community Foundation Inc Watertown, NY PURPOSE: GENERAL SUPPORT | $21,798 |
John Ben Snow Memorial Tr Pittsburgh, PA PURPOSE: ARTS AND CULTURE | $5,000 |
Lawrence I & Blanche H Rhodes Memorial Fund Wynantskill, NY PURPOSE: SEE ATTACHMENT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |