Chemung County Performing Arts Inc
- Assets
- $17.2m
- Revenue
- $1.8m
- Investments
- $4.0m
- Employees
- 19
- Location
- Elmira, NY
- Founding
- 06/1975
- Data as of
- 08/2023
- EIN
- 23-7441818
Organization Overview
Chemung County Performing Arts Inc is located in Elmira, NY. The organization was established in 1975. 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 08/2023, Chemung County Performing Arts Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chemung County Performing Arts 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 08/2023, Chemung County Performing Arts Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.4m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE FOR ALL THE REGION'S RESIDENTS BY PROVIDING A DIVERSITY OF EXCELLENT PERFORMING ARTS PROGRAMMING IN A SUPERIOR FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER PRODUCTIONS: THE SERVICE OUTPUT IS THEATRICAL SHOWS, CONCERTS, AND OTHER RELATED ENTERTAINMENT EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen P Miller President | OfficerTrustee | 2 | $0 |
Quay Thompson Vice President | OfficerTrustee | 2 | $0 |
L Dale Cole Secretary | OfficerTrustee | 2 | $0 |
Chris Giammichele Treasurer | OfficerTrustee | 2 | $0 |
Martin D Chalk Trustee | Trustee | 1 | $0 |
Betsy Dalrymple Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $300,288 |
| Fundraising events | $37,897 |
| Related organizations | $0 |
| Government grants | $156,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865,129 |
| Total Program Service Revenue | $756,920 |
| Investment income | $116,810 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,963 |
| Net Gain/Loss on Asset Sales | -$73,850 |
| Net Income from Fundraising Events | $13,416 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,812,350 |
| 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. | $142,446 |
| Compensation of current officers, directors, key employees. | $85,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $616,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,797 |
| Payroll taxes | $65,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $775 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,311 |
| Fees for services: Other | $75,381 |
| Advertising and promotion | $70,457 |
| Office expenses | $31,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $265,099 |
| Travel | $9,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $578,470 |
| Insurance | $0 |
| All other expenses | $31,381 |
| Total functional expenses | $2,400,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,800 |
| Savings and temporary cash investments | $460,861 |
| Pledges and grants receivable | $21,836 |
| Accounts receivable, net | $6,920 |
| 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 | $50,559 |
| Net Land, buildings, and equipment | $12,637,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,024,900 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,204,805 |
| Accounts payable and accrued expenses | $144,985 |
| Grants payable | $0 |
| Deferred revenue | $833,150 |
| 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 | $377,326 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,355,461 |
| Net assets without donor restrictions | $14,407,305 |
| Net assets with donor restrictions | $1,442,039 |
| 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 | $17,204,805 |