Simsbury Performing Arts Center Inc
- Assets
- $652.1k
- Revenue
- $699.8k
- Investments
- $0.0
- Employees
- 14
- Location
- Simsbury, CT
- Founding
- 04/2012
- Data as of
- 12/2023
- EIN
- 27-4640969
Organization Overview
Simsbury Performing Arts Center Inc is located in Simsbury, CT. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Simsbury Performing Arts Center Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simsbury Performing Arts Center 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 12/2023, Simsbury Performing Arts Center Inc generated $699.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $707.0k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIMSBURY PERFORMING ARTS CENTER, INC., THROUGH THE SIMSBURY MEADOWS PERFORMING ARTS CENTER, WILL ENRICH COMMUNITY SPIRIT, QUALITY OF LIFE AND ECONOMIC DEVELOPMENT IN SIMSBURY AND THE SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, ALONG WITH THE SUPPORT OF A 250+ STRONG VOLUNTEER CORPS, SIMSBURY MEADOWS PERFORMING ARTS CENTER (SMPAC) WELCOMED OVER 40,000 PATRONS AND VISITORS TO A WIDE VARIETY OF PROGRAMS INCLUDING LITTLE RIVER BAND, THE HARTFORD SYMPHONY ORCHESTRA'S TALCOTT MOUNTAIN MUSIC FESTIVAL, CIRCUS SMIRKUS, BREWSTOCK, FAVARH'S MIKE DELGUIDICE CHARITY CONCERT, THE 2ND ANNUAL NUTMEG UKULELE FESTIVAL, I LOVE MUSIC FEST PRESENTED BY JUNE ARCHER, US COAST GUARD BAND, GRADUATIONS, RECITALS, COMMUNITY EVENTS, AS WELL AS MULTIPLE FESTIVALS AND HEALTH AND WELLNESS EVENTS. THROUGH THESE EVENTS AND OTHERS, SIMSBURY MEADOWS CONTINUED TO FOSTER OPPORTUNITIES BOTH LOCALLY AND THROUGHOUT THE GREATER HARTFORD REGION FOR INDIVIDUALS OF ALL AGES, ABILITIES, DIVERSE BACKGROUNDS, AND ECONOMIC STATUS TO ENJOY ALL THAT THE ARTS, THE TOWN OF SIMSBURY, AND OUR UNIQUE VENUE HAVE TO OFFER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Dornenburg Chair | OfficerTrustee | 10 | $0 |
Ping Hsieh Vice Chair | OfficerTrustee | 10 | $0 |
Andy Estell Treasurer | OfficerTrustee | 10 | $0 |
Joe Campolieta Secretary | OfficerTrustee | 10 | $0 |
Lynne Adame Board Member | Trustee | 1 | $0 |
June Archer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,104 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,146 |
| Total Program Service Revenue | $447,474 |
| Investment income | $14,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $699,847 |
| 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. | $97,030 |
| Compensation of current officers, directors, key employees. | $19,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,848 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,747 |
| Advertising and promotion | $27,694 |
| Office expenses | $24,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,603 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,438 |
| Insurance | $22,656 |
| All other expenses | $386 |
| Total functional expenses | $706,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,167 |
| Savings and temporary cash investments | $317,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,342 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,500 |
| Total assets | $652,069 |
| Accounts payable and accrued expenses | $4,504 |
| Grants payable | $0 |
| Deferred revenue | $120,000 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $274,504 |
| Net assets without donor restrictions | $377,565 |
| Net assets with donor restrictions | $0 |
| 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 | $652,069 |