Chemung County Performing Arts Inc
- Assets
- $18.7m
- Revenue
- $2.4m
- Investments
- $5.1m
- Employees
- 18
- Location
- Elmira, NY
- Founding
- 06/1975
- Data as of
- 08/2021
- 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 08/2021, Chemung County Performing Arts Inc employed 18 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 08/2021, Chemung County Performing Arts Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.5m during the year ending 08/2021. 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 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.
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 |
|---|---|---|---|
Karen Cromer Executive Director | Officer | 40 | $120,393 |
L Dale Cole Secretary | OfficerTrustee | 2 | $0 |
Stephen P Miller Vice President | OfficerTrustee | 2 | $0 |
Paul Vervalin President | OfficerTrustee | 2 | $0 |
Chris Giammichele Treasurer | OfficerTrustee | 2 | $0 |
Martin D Chalk Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $264,293 |
| Fundraising events | $25,671 |
| Related organizations | $0 |
| Government grants | $1,049,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $449,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,789,320 |
| Total Program Service Revenue | $18,333 |
| Investment income | $99,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,551 |
| Net Gain/Loss on Asset Sales | $456,332 |
| Net Income from Fundraising Events | -$683 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,383,197 |
| 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. | $126,590 |
| Compensation of current officers, directors, key employees. | $75,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,090 |
| Payroll taxes | $41,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $800 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,018 |
| Fees for services: Other | $1,400 |
| Advertising and promotion | $11,588 |
| Office expenses | $29,858 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163,844 |
| Travel | $1,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $562,439 |
| Insurance | $0 |
| All other expenses | $7,758 |
| Total functional expenses | $1,505,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,600 |
| Savings and temporary cash investments | $198,673 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,443 |
| 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 | $46,906 |
| Net Land, buildings, and equipment | $13,189,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,107,411 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,195 |
| Total assets | $18,667,733 |
| Accounts payable and accrued expenses | $44,723 |
| Grants payable | $0 |
| Deferred revenue | $1,171,386 |
| 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 | $505,472 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,721,581 |
| Net assets without donor restrictions | $15,363,030 |
| Net assets with donor restrictions | $1,583,122 |
| 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 | $18,667,733 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Chemung County Performing Arts Inc has recieved totaling $153,279.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Elmira Corning And The Finger Lakes Horseheads, NY PURPOSE: GENERAL SUPPORT; REPLACEMENT FURNITURE; FLX GIVES | $118,318 |
Upstate Theater Coalition For A Fairgame Inc Schenectady, NY PURPOSE: SUPPORT OF THE ARTS | $25,436 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $8,500 |
Arthur E & Frances Mayer Rikli Fam Foundation Tr 161775 Columbia, MO PURPOSE: PROJECT SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $1,405,092 |
| Earnings | $316,407 |
| Admin Expense | $12,240 |
| Net Contributions | $600 |
| Other Expense | $304,150 |
| Ending Balance | $1,405,709 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Stamford Center For The Arts Inc Stamford, CT | $18,714,807 | $7,026,118 |
Palace Theater Group Inc Waterbury, CT | $7,137,767 | $7,444,031 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |