New Jersey Performing Arts Center Corporation

Organization Overview

New Jersey Performing Arts Center Corporation is located in Newark, NJ. The organization was established in 1988. 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 06/2022, New Jersey Performing Arts Center Corporation employed 431 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Performing Arts Center Corporation 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, New Jersey Performing Arts Center Corporation generated $60.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $47.7m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.

Describe the Organization's Program Activity:

PERFORMANCES AND PERFORMANCE RELATED PROGRAMS: PRESENTED 614 PERFORMANCES AND EVENTS (OF WHICH 282 WERE FREE OF CHARGE INCLUDING VIRTUAL) WITH OVER 347,000 PATRONS IN ATTENDANCE. PROGRAMS INCLUDED ORCHESTRA, RECITAL, MUSICAL THEATER, DANCE, POP, VARIETY, JAZZ AND OTHER DISCIPLINES, PERFORMED BY LOCAL, NATIONAL AND INTERNATIONAL ARTISTS.


PROGRAM SERVICE ACCOMPLISHMENTS - OTHERREAL ESTATE DEVELOPMENTPLANNING, IMPROVEMENT AND DEVELOPMENT OF OWNED/LEASED REAL ESTATE IN FURTHERANCE OF NJPAC'S MISSION OF BEING A CATALYST IN THE ECONOMIC DEVELOPMENT OF ITS HOME CITY OF NEWARK.EXPENSES $3,086,580 INCLUDING GRANTS OF $0, REVENUE $0MARKETING AND PUBLIC AFFAIRSNJPAC KEEPS THE PUBLIC AND THE MEDIA FULLY INFORMED ABOUT ITS PROGRAMS, EVENTS AND EDUCATIONAL ACTIVITIES.EXPENSES $2,867,720 INCLUDING GRANTS OF $0, REVENUE $0


THEATER OPERATIONS: PROVIDED SERVICES FOR THE MANAGEMENT, OPERATION AND MAINTENANCE OF THE ARTS CENTER, PARKING FACILITIES AND CHAMBERS PLAZA FOR PUBLIC USE AND ENJOYMENT.


ARTS EDUCATION PROGRAMS: NJPAC ARTS EDUCATION OFFERS PROGRAMMING IN FOUR MAIN AREAS: 1) SCHOOLTIME PERFORMANCES AND IN-SCHOOL ASSEMBLIES, 2) IN-SCHOOL RESIDENCIES, 3) ARTS TRAINING AND 4) PROFESSIONAL DEVELOPMENT. CONTINUED IN SCHEDULE O.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Larena Construction Llc
Construction
$561,035
American Express Travel
Credit Card Svcs
$517,299
Sj Presents Corp
Concert & Marketing Services
$555,793
Gateway Security Services Inc
Security
$509,839
Skidmore Ownings & Merrill Llp
Design And Schematic
$445,053
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,464,687
Related organizations$0
Government grants $18,431,816
All other contributions, gifts, grants, and similar amounts not included above$9,010,703
Noncash contributions included in lines 1a–1f $791,145
Total Revenue from Contributions, Gifts, Grants & Similar$29,907,206
Total Program Service Revenue$17,269,718
Investment income $999,890
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $332,006
Net Gain/Loss on Asset Sales $5,074,135
Net Income from Fundraising Events -$312,072
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $60,369,438

Grants Awarded

Over the last fiscal year, New Jersey Performing Arts Center Corporation has awarded $47,567 in support to 2 organizations.

Grant RecipientAmount

NEWARK BOARD OF EDUCATION

PURPOSE: ARTS EDUCATION

$41,519

JERSEY CITY PUBLIC SCHOOLS

PURPOSE: ARTS EDUCATION

$6,048
View Grant Profile

Peer Organizations

Organization NameAssets
Lincoln Center For The Performing Arts Inc
New York, NY
$143,770,938
The Carnegie Hall Corporation
New York, NY
$55,324,262
New Jersey Performing Arts Center Corporation
Newark, NJ
$60,369,438
Chautauqua Institution
Chautauqua, NY
$49,343,507
New York City Center Inc
New York, NY
$23,692,997
Count Basie Theatre Inc
Red Bank, NJ
$29,098,598
Sheas Oconnel Preservation Guild Ltd
Buffalo, NY
$23,487,181
Arts Center And Theater Of Schenectady Inc
Schenectady, NY
$17,988,660
Mann Center For The Performing Arts
Philadelphia, PA
$25,771,645
Rochester Broadway Theatre League Inc
Rochester, NY
$16,467,986
Mccarter Theatre Company
Princeton, NJ
$9,197,183
Saratoga Springs Performing Arts Center Inc
Saratoga Springs, NY
$12,352,299
Encore Series Inc
Philadelphia, PA
$7,440,930
Symphony Space Inc
New York, NY
$6,280,684
Bergen Performing Arts Center Inc
Englewood, NJ
$8,795,775
Whitaker Center For Science And The Arts
Harrisburg, PA
$3,268,678
State Theatre Center For The Arts Inc
Easton, PA
$3,804,671
Bardavon 1869 Opera House Inc
Poughkeepsie, NY
$4,109,946
Strand-Capitol Performing Arts Center Inc
York, PA
$4,269,308
Palace Performing Arts Center Inc
Albany, NY
$4,216,101
La Mama Experimental Theatre Club Inc
New York, NY
$7,513,390
Mid Atlantic Center For The Arts
Cape May, NJ
$4,239,186
Westhampton Beach Performing Arts Center Inc
Westhampton Beach, NY
$3,554,890
F M Kirby Center For Thr Perform Ing Arts
Wilkesbarre, PA
$5,242,511
Syracuse Area Landmark Theatre
Syracuse, NY
$15,247,679

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