Stephen Petronio Dance Company Inc
- Assets
- $2.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 10/1986
- Data as of
- 06/2022
- EIN
- 22-2742906
Organization Overview
Stephen Petronio Dance Company Inc is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Stephen Petronio Dance Company Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephen Petronio Dance Company 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 06/2022, Stephen Petronio Dance Company Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
STEPHEN PETRONIO DANCE COMPANY, INC. IS DEDICATED TO SUPPORTING THE VISION OF CHOREOGRAPHER STEPHEN PETRONIO: THE CREATION, PRESENTATION, AND PRESERVATION OF HIS EXISTING AND NEW WORKS ALONGSIDE TWO LEGACY INITIATIVES MEANT TO SECURE THE HISTORY AND FUTURE OF THE POSTMODERN DANCE LINEAGE BLOODLINES AND THE PETRONIO RESIDENCY CENTER. BEGINNING IN FISCAL YEAR 2015, THE ORGANIZATION BEGAN TO LICENSE WORKS BY PIONEERING AMERICAN POST-MODERN CHOREOGRAPHERS, SUCH AS MERCE CUNNINGHAM AND TRISHA BROWN, TO BRING THESE PIECES INTO THE COMPANY'S REPERTORY AS PART OF THE BLOODLINES PROJECT. BEGINNING IN FISCAL YEAR 2017, THE ORGANIZATION ESTABLISHED THE PETRONIO RESIDENCY CENTER, A RETREAT FOR CHOREOGRAPHERS AND THEIR COLLABORATORS TO STUDY, WORK, AND EXPERIMENT WITHOUT THE OVERBEARING PRESSURES OF DAY-TO-DAY URBAN LIFE, SUPPORTING FUTURE GENERATIONS OF ARTISTS AND THE BROADER DANCE FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 2017, THE PETRONIO RESIDENCY CENTER (PRC), LOOKING TO THE FUTURE OF DANCE, OPENED TO PROVIDE A SAFE HAVEN FOR INTENSIVE DEVELOPMENTAL CHOREOGRAPHIC RESEARCH. LOCATED IN THE HUDSON VALLEY, PRC SUPPORTS FUTURE CHOREOGRAPHIC INVENTION IN THE FIELD WITH A PROGRAM OF ARTIST RESIDENCIES AND EDUCATION INITIATIVES. PRC HAS BEGUN AN ENVIRONMENTAL INITIATIVE BY ESTABLISHING A PERMANENT CONSERVATION EASEMENT FOR 77 ACRES OF THE 172-ACRE PROPERTY IN 2021, AND IS CURRENTLY DEVELOPING OTHER ENVIRONMENTAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Petronio Artistic Director | Officer | 40 | $121,615 |
Jonas Klabin Executive Director | Officer | 40 | $77,885 |
Marcus Mcgregor Director Of Outreach | Officer | 1 | $10,047 |
Jill Brienza Chair | OfficerTrustee | 1 | $0 |
Claire P Flack Treasurer | OfficerTrustee | 1 | $0 |
Sarah Silver Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,418 |
| Related organizations | $0 |
| Government grants | $306,402 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $753,279 |
| Total Program Service Revenue | $163,050 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $112,787 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,482 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,031,204 |
| 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. | $245,157 |
| Compensation of current officers, directors, key employees. | $38,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,944 |
| Payroll taxes | $16,868 |
| Fees for services: Management | $26,157 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,430 |
| Advertising and promotion | $34,263 |
| Office expenses | $6,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,206 |
| Travel | $45,632 |
| 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 | $62,124 |
| Insurance | $38,689 |
| All other expenses | $20,246 |
| Total functional expenses | $1,134,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,054 |
| Savings and temporary cash investments | $42,598 |
| Pledges and grants receivable | $56,050 |
| Accounts receivable, net | $7,937 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,426 |
| Prepaid expenses and deferred charges | $2,638 |
| Net Land, buildings, and equipment | $1,222,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,450 |
| Total assets | $2,031,525 |
| Accounts payable and accrued expenses | $52,920 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $552,920 |
| Net assets without donor restrictions | $1,397,405 |
| Net assets with donor restrictions | $81,200 |
| 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 | $2,031,525 |