Ars Nova Theater I Inc
- Assets
- $12.0m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 139
- Location
- New York, NY
- Founding
- 04/2009
- Data as of
- 06/2021
- 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 06/2021, Ars Nova Theater I Inc employed 139 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 06/2021, Ars Nova Theater I Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 8.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARS NOVA EXISTS TO DISCOVER, DEVELOP AND LAUNCH SINGULAR THEATER, MUSIC AND 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 GIVES VOICE TO A NEW GENERATION OF DIVERSE ARTISTS AND AUDIENCES, PUSHING THE BOUNDARIES OF LIVE ENTERTAINMENT BY NURTURING CREATIVE IDEAS INTO SMART, SURPRISING NEW WORK. ARS NOVA PROVIDES AN ARTISTIC HOME FOR EMERGING TALENT BY CULTIVATING A HIVE OF CREATIVE ACTIVITY, BOTH ON-STAGE, THROUGH DEVELOPMENTAL PROGRAMS AND PERFORMANCES AND OFF-THROUGH THE SUPPORT AND CULTIVATION OF A THRIVING ARTIST COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Eagan Founding Artistic Director | OfficerTrustee | 40 | $155,481 |
Renee Blinkwolt Managing Director | OfficerTrustee | 40 | $129,567 |
Alisa Lessing Board Chair | OfficerTrustee | 15 | $0 |
Dana Kirchman Vice Chair | OfficerTrustee | 5 | $0 |
Jennifer Steingart Founding Chair | OfficerTrustee | 15 | $0 |
Jason Kemper Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $319,080 |
| Related organizations | $0 |
| Government grants | $1,022,958 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,232,030 |
| Noncash contributions included in lines 1a–1f | $8,800,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,574,068 |
| Total Program Service Revenue | $56,314 |
| Investment income | $202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$537 |
| Net Income from Fundraising Events | -$16,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,134,580 |
| 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. | $373,253 |
| Compensation of current officers, directors, key employees. | $82,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,012,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $109,099 |
| Payroll taxes | $109,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,451 |
| Fees for services: Accounting | $17,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,778 |
| Advertising and promotion | $49,331 |
| Office expenses | $11,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $230,505 |
| Travel | $0 |
| 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 | $265,561 |
| Insurance | $27,671 |
| All other expenses | $186,980 |
| Total functional expenses | $2,892,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,175,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $366,207 |
| Accounts receivable, net | $17,481 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,164,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $317,619 |
| Total assets | $12,042,147 |
| Accounts payable and accrued expenses | $160,389 |
| Grants payable | $0 |
| Deferred revenue | $22,500 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $354,902 |
| Total liabilities | $537,791 |
| Net assets without donor restrictions | $9,546,971 |
| Net assets with donor restrictions | $1,957,385 |
| 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 | $12,042,147 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Ars Nova Theater I Inc has recieved totaling $745,663.
| Awarding Organization | Amount |
|---|---|
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $200,000 |
Sarah And Daniel Rueven Foundation New York, NY PURPOSE: GENERAL | $100,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $100,000 |
Jay Pritzker Foundation Houston, TX PURPOSE: TO SUPPORT THE GENERAL FUND - INSPIRATION PROJECT CAMPAIGN | $91,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $55,250 |
Rockefeller Brothers Fund Inc New York, NY PURPOSE: FOR ITS VISION RESIDENCY | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |