Next Stage Arts Project Incorporated
- Assets
- $1.7m
- Revenue
- $724.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Putney, VT
- Founding
- 01/2013
- Data as of
- 12/2023
- EIN
- 45-2157212
Organization Overview
Next Stage Arts Project Incorporated is located in Putney, VT. The organization was established in 2013. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Next Stage Arts Project Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Stage Arts Project Incorporated 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, Next Stage Arts Project Incorporated generated $724.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $586.6k during the year ending 12/2023. 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
NEXT STAGE ARTS PROJECT IS A NON-PROFIT ORGANIZATION DEDICATED TO HELPING ART HAPPEN THROUGH THE PROGRAMMING, DEVELOPMENT AND OPERATION OF THE NEXT STAGE THEATRE, A NEWLY RENOVATED PERFORMING ARTS FACILITY IN PUTNEY, VERMONT. WE CELEBRATE THE DIVERSITY OF ARTISTIC EXPRESSION BY FOSTERING A COLLABORATIVE ENVIRONMENT FOR AUDIENCES, PERFORMERS AND COMMUNITY BASED ARTS AND EDUCATIONAL ORGANIZATIONS. WE ARE COMMITTED TO ENHANCING THE VILLAGE OF PUTNEY AS A CULTURAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED OVER 45 CULTURAL EVENTS, INCLUDING MUSIC, THEATER, FILM, SPOKEN WORD, CULINARY CLASSES AND VISUAL ARTS EXHIBITS. FEATURING A RANGE OF LOCAL, NATIONAL AND INTERNATIONAL TALENT. COLLABORATED WITH CULTURAL, EDUCATIONAL AND BUSINESS COUNTERPARTS TO SUPPORT PRESENTATIONS FOR STUDENTS, ELDERS AND THE COMMUNITY AT LARGE. ATTRACTED AUDIENCES FROM A 50+ MILE RADIUS, BRINGING THOUSANDS OF VISITORS TO THE AREA AND SUPPORTING THE LOCAL/REGIONAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Frost President | OfficerTrustee | 3 | $0 |
Dr Kat Mcgraw Vice Preside | OfficerTrustee | 2 | $0 |
Cor Trowbridge Secretary | OfficerTrustee | 2 | $0 |
Michael Wells Treasurer | OfficerTrustee | 2 | $0 |
Robin Stern Director | Trustee | 1 | $0 |
Jon Thatcher Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $518,396 |
| Noncash contributions included in lines 1a–1f | $5,424 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,396 |
| Total Program Service Revenue | $167,488 |
| Investment income | $28,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,985 |
| 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 | $724,677 |
| 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 | $212,328 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,741 |
| Payroll taxes | $16,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,488 |
| Advertising and promotion | $12,692 |
| Office expenses | $7,899 |
| Information technology | $4,397 |
| Royalties | $0 |
| Occupancy | $58,451 |
| Travel | $5,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,647 |
| Insurance | $1,947 |
| All other expenses | $17,719 |
| Total functional expenses | $586,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $638,512 |
| 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 | $3,605 |
| Prepaid expenses and deferred charges | $11,667 |
| Net Land, buildings, and equipment | $1,048,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,702,320 |
| Accounts payable and accrued expenses | $8,076 |
| Grants payable | $0 |
| Deferred revenue | $8,000 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,076 |
| Net assets without donor restrictions | $1,686,244 |
| 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 | $1,702,320 |