National Comedy Center Inc
- Assets
- $20.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 52
- Location
- Jamestown, NY
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 41-2030241
Organization Overview
National Comedy Center Inc is located in Jamestown, NY. The organization was established in 2002. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, National Comedy Center Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Comedy 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 12/2022, National Comedy Center Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LUCILLE BALL DESI ARNAZ MUSEUM, A NON-PROFIT EDUCATIONAL INSTITUTION, IS TO CELEBRATE THE INSPIRING LIVES AND ENDURING LEGACIES OF PIONEERING ARTISTS, INNOVATORS, AND LEADERS LUCILLE BALL AND DESI ARNAZ, WHOSE CONTRIBUTIONS HAVE SHAPED OUR SHARED CULTURAL HERITAGE AND CHARTED A COURSE FOR AMERICAN ENTERTAINMENT HISTORY. THE MUSEUM, LOCATED IN BALL'S HOMETOWN OF JAMESTOWN, NY, HAS BEEN A COMMUNITY ANCHOR AND ENGINE FOR THE DEVELOPMENT OF THE COMEDIC ARTS FOR OVER 25 YEARS.IN 2018, THE LUCY DESI MUSEUM'S MISSION WAS BROADENED WITH THE OPENING OF THE NEARBY NATIONAL COMEDY CENTER, WHICH OPERATES IN FULFILLMENT OF LUCILLE BALL'S VISION THAT HER HOMETOWN BECOME A DESTINATION FOR THE CELEBRATION OF COMEDY --IN ALL ITS FORMS. VISITORS TO JAMESTOWN, NY ARE INSPIRED, EDUCATED, AND ENTERTAINED BY BOTH OF THESE ATTRACTIONS, AS WELL AS THE ANNUAL LUCILLE BALL COMEDY FESTIVAL, WHICH PRESENTS EDUCATIONAL PROGRAMMING AND PERFORMANCES BY RISING ARTISTS AND COMEDY LEGENDS ALIKE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN MUSEUM AND PRESERVE THE LEGACY OF LUCILLE BALL AND DESI ARNAZ THROUGH A FOUR-PILLAR APPROACH TO THE DEVELOPMENT AND STUDY OF THE COMEDIC ARTS. THE ORGANIZATION CURRENTLY PRODUCES ANNUAL FESTIVAL PROGRAMMING THAT INCLUDES EDUCATIONAL AND PERFORMANCE OPPORTUNITIES IN THE COMEDIC ART FORM. THE ORGANIZATION IS ALSO DEVELOPING: A COMEDY FILM FESTIVAL TO PRESERVE AND EXAMINE THE LEGACY BALL AND ARNAZ LEFT ON THE PRODUCTION SIDE OF THEIR CAREERS AND INDUSTRY, A COMEDIC ARTS EDUCATIONAL PROGRAM, AND A NATIONAL CENTER FOR THE COMEDIC ARTS.
NCC SUPPORTTO FACILITATE AND OPERATE THE DEVELOPMENT AND OPERATIONS OF THE NATIONAL COMEDY CENTER IN JAMESTOWN, NY TO PROMOTE EDUCATION IN THE COMEDIC ARTS.
COMEDY CENTER PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Panebianco Member | Trustee | 5 | $0 |
Louis Deppas Member | Trustee | 5 | $0 |
Michael Latone Treasurer | OfficerTrustee | 5 | $0 |
Cindy Aronson Secretary | OfficerTrustee | 5 | $0 |
Jerome Lee Yaw Member | Trustee | 5 | $0 |
Holly Sullivan Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Electrosonic Inc Audio-video Tech | 12/30/18 | $456,070 |
Vineyard Group Consulting | 12/30/18 | $138,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,896 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $729,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $911,461 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,643,273 |
| Total Program Service Revenue | $979,688 |
| Investment income | $262,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1 |
| Net Gain/Loss on Asset Sales | $46,421 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $158,273 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,247,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,956,515 |
| 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. | $34,966 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,780 |
| Pension plan accruals and contributions | $8,200 |
| Other employee benefits | $16,770 |
| Payroll taxes | $33,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $283,019 |
| Office expenses | $26,667 |
| Information technology | $9,772 |
| Royalties | $0 |
| Occupancy | $38,762 |
| Travel | $20,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $157,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,894 |
| Insurance | $27,063 |
| All other expenses | $57,530 |
| Total functional expenses | $4,894,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,019 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $91,514 |
| Accounts receivable, net | $57,563 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,208,194 |
| Inventories for sale or use | $79,468 |
| Prepaid expenses and deferred charges | $8,043 |
| Net Land, buildings, and equipment | $1,417,835 |
| Investments—publicly traded securities | $1,557,426 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $786,281 |
| Total assets | $20,303,343 |
| Accounts payable and accrued expenses | $136,109 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $5,482,260 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $798,178 |
| Total liabilities | $6,419,047 |
| Net assets without donor restrictions | $12,402,824 |
| Net assets with donor restrictions | $1,481,472 |
| 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 | $20,303,343 |