Spencertown Academy Society
- Assets
- $917.0k
- Revenue
- $210.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Spencertown, NY
- Founding
- 06/1972
- Data as of
- 12/2021
- EIN
- 23-7208879
Organization Overview
Spencertown Academy Society is located in Spencertown, NY. The organization was established in 1972. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spencertown Academy Society 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, Spencertown Academy Society generated $210.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $132.1k during the year ending 12/2021. While expenses have increased by 4.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPENCERTOWN ACADEMY SOCIETY IS AN IMPORTANT CULTURAL CENTER THAT PRESENTS A VARIETY OF FREE AND LOW COST COMMUNITY EVENTS TO THE LOCAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: THE ORGANIZATION PRESENTS EDUCATIONAL PROGRAMS FOR ALL AGES IN WRITING, POETRY, MUSIC AND ART.
PERFORMING ARTS: THE ORGANIZATION PRESENTS MUSICAL, LITERARY, AND DRAAMATIC PROGRAMMING OF ALL GENRES, AS WELL AS WORKSHOPS AND LECTURES ON TOPICS ON INTEREST TO THE COMMUNITY IN THE AUDITORIUM SPACE.
VISUAL ARTS: THE SPENCERTOWN ACADEMY PRESENTS CURATED, JURIED AND MEMBERS' EXHIBITIONS OF PAINTINGS, PHOTOGRAPHY, SCULPTURE, AND OTHER FINE AND FOLK ART CREATED BY REGIONAL ARTISTS IN TWO BEAUTIFUL GALLERY SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Van Alstine President | OfficerTrustee | 15 | $0 |
Jo-Anne Williams Treasurer | OfficerTrustee | 10 | $0 |
Madaline Sparks Vice President | OfficerTrustee | 24 | $0 |
Jill Kalotay Secretary | OfficerTrustee | 15 | $0 |
David Highfill Board Member | Trustee | 10 | $0 |
Vivian Wachsberger Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,933 |
| Related organizations | $0 |
| Government grants | $4,984 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,538 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,455 |
| Total Program Service Revenue | $17,175 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,260 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,267 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,266 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49 |
| Office expenses | $1,712 |
| Information technology | $2,220 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $13,611 |
| Insurance | $3,378 |
| All other expenses | $26,723 |
| Total functional expenses | $132,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,771 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $547,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $91,546 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $917,035 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7 |
| Total liabilities | $7 |
| Net assets without donor restrictions | $728,605 |
| Net assets with donor restrictions | $188,423 |
| 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 | $917,035 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Spencertown Academy Society has recieved totaling $50,024.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $25,524 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $22,500 |
T Backer Fund Inc Lexington, MA PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
New Jersey Performing Arts Center Corporation Newark, NJ | $266,001,987 | $34,288,526 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Wang Theatre Inc Boston, MA | $18,276,113 | $31,405,491 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |