Ars Nova Theater I Inc
- Assets
- $11.4m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 112
- Location
- New York, NY
- Founding
- 04/2009
- Data as of
- 06/2022
- EIN
- 80-0339038
Organization Overview
Ars Nova Theater I Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Ars Nova Theater I Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ars Nova Theater I 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 06/2022, Ars Nova Theater I Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 20.3% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ARS NOVA EXISTS TO DISCOVER, DEVELOP & LAUNCH SINGULAR THEATER, MUSIC & COMEDY ARTISTS WHO ARE IN THE EARLY STAGES OF THEIR PROFESSIONAL CAREERS. OUR DYNAMIC SLATE OF PROGRAMS SUPPORTS OUTSIDE-THE-BOX THINKING AND ENCOURAGES INNOVATIVE, GENRE-BENDING WORK. BY PROVIDING A PROTECTIVE ENVIRONMENT WHERE RISK-TAKING AND COLLABORATION ARE PARAMOUNT, ARS NOVA AMPLIFIES THE VOICES OF A NEW GENERATION OF DIVERSE ARTISTS AND AUDIENCES, PUSHING THE BOUNDARIES OF LIVE ENTERTAINMENT BY NURTURING CREATIVE IDEAS INTO SMART, SURPRISING NEW WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY22 ARS NOVA SERVED OVER 350 EMERGING ARTISTS AND 8,000 AUDIENCE MEMBERS THROUGH OUR ARTISTIC PROGRAMS. IN FALL 2021, ARS NOVA PRODUCED THE CULMINATING EXPERIENCE OF P.S. BY TEDDY BERGMAN, SAM CHANSE, AND AMINA HENRY. THE PRODUCTION RAN AT ARS NOVA FROM OCTOBER 7-23, 2021, REACHING 748 AUDIENCE MEMBERS. IN SPRING 2022, ARS NOVA PRODUCED THE LONG-AWAITED WORLD PREMIERE OF ORATORIO FOR LIVING THINGS, CREATED BY HEATHER CHRISTIAN AND DIRECTED BY LEE SUNDAY EVANS. THE PRODUCTION REACHED 5,504 AUDIENCE MEMBERS; WON THREE LORTEL AWARDS, A DRAMA DESK AWARD, AND AN OFF BROADWAY ALLIANCE AWARD; AND WAS NAMED AMONG THE BEST THEATER OF 2022 BY THE NEW YORK TIMES, THE NEW YORKER, AND VULTURE. THROUGHOUT THE YEAR, ARS NOVA DEVELOPED NEW WORK WITH 49 ARTISTS THROUGH OUR RESIDENCY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Eagan Foun Art Dir | OfficerTrustee | 40 | $149,623 |
Renee Blinkwolt Executive Dir. | OfficerTrustee | 40 | $129,990 |
Alisa Lessing Board Chair | OfficerTrustee | 15 | $0 |
Jenny Steingart Fouding Chair | OfficerTrustee | 15 | $0 |
Dana Kirchman Vice Chair | OfficerTrustee | 5 | $0 |
Jason Kemper Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $418,341 |
| Related organizations | $0 |
| Government grants | $1,076,094 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,859,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,353,978 |
| Total Program Service Revenue | $454,760 |
| Investment income | $0 |
| 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 | $3,863,555 |
| 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. | $300,170 |
| Compensation of current officers, directors, key employees. | $42,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,740,066 |
| Pension plan accruals and contributions | $31,952 |
| Other employee benefits | $183,618 |
| Payroll taxes | $187,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $17,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,276 |
| Advertising and promotion | $42,078 |
| Office expenses | $19,988 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $482,442 |
| Travel | $71,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,827 |
| Insurance | $31,366 |
| All other expenses | $271,410 |
| Total functional expenses | $4,355,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604,951 |
| Savings and temporary cash investments | $660,498 |
| Pledges and grants receivable | $942,214 |
| Accounts receivable, net | $79,657 |
| 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 | $110,938 |
| Net Land, buildings, and equipment | $8,941,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,129 |
| Total assets | $11,424,658 |
| Accounts payable and accrued expenses | $216,316 |
| Grants payable | $0 |
| Deferred revenue | $37,350 |
| 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 | $158,180 |
| Total liabilities | $411,846 |
| Net assets without donor restrictions | $9,392,182 |
| Net assets with donor restrictions | $1,620,630 |
| 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 | $11,424,658 |