Broadway Method Academy Corporation
- Assets
- $143.5k
- Revenue
- $636.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-1152166
Organization Overview
Broadway Method Academy Corporation, operating under the name Broadway Method Academy, is located in Fairfield, CT. The organization was established in 2016. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadway Method Academy 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 12/2021, Broadway Method Academy generated $636.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $557.0k during the year ending 12/2021. While expenses have increased by 20.8% 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
TO PROVIDE THE ESSENTIAL TOOLS FOR YOUNG ARTISTS TO INTEGRATE ACTING, SINGING, AND DANCING. BMA HELPS TO BUILD AUDIENCES FOR TOMORROW, TO EDUCATE AUDIENCES OF TODAY, TO ENRICH THE COMMUNITY, AND TO ENRICH THE LIVES OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT THE YEAR, THE ORGANIZATION PRODUCES MUSICALS WHERE STUDENTS HAVE THE OPPORTUNITY TO TAKE WHAT THEY HAVE LEARNED IN THE CLASSROOM AND APPLY IT IN THE REHEARSAL ROOM AND ON STAGE.
THROUGHOUT THE YEAR THE ORGANIZATION PRODUCES MUSICALS WHERE STUDENTS HAVE THE OPPORTUNITY TO TAKE WHAT THEYVE LEARNED IN THE CLASSROOM AND APPLY IT IN THE REHEARSAL ROOM AND ON STAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connor Deane President | Officer | 40 | $72,973 |
Kathie Donahue Secretary | Officer | 2 | $0 |
Eric Santagata Director | Trustee | 0 | $0 |
Carla Sullivan Director | Trustee | 0 | $0 |
Mike Bartlett Director | Trustee | 0 | $0 |
Burke Ellingson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $253,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,990 |
| Total Program Service Revenue | $340,279 |
| 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 | $636,269 |
| 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. | $72,973 |
| Compensation of current officers, directors, key employees. | $72,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,019 |
| Pension plan accruals and contributions | $2,304 |
| Other employee benefits | $0 |
| Payroll taxes | $16,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $998 |
| Fees for services: Accounting | $5,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,064 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $8,814 |
| Occupancy | $128,419 |
| Travel | $463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,874 |
| Insurance | $10,497 |
| All other expenses | $0 |
| Total functional expenses | $557,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,058 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $60,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,901 |
| Total assets | $143,495 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $15,000 |
| Other liabilities | $12,810 |
| Total liabilities | $27,810 |
| Net assets without donor restrictions | $115,685 |
| 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 | $143,495 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Broadway Method Academy Corporation has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Jamie A Hulley Arts Foundation Orange, CT PURPOSE: To provide funding for twelve productions at the Square Foot Theatre. | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Stadium Theatre Foundation Woonsocket, RI | $8,192,971 | $3,878,181 |
As 220 Providence, RI | $18,007,342 | $2,188,031 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |
Patchogue Village Center For The Performing Arts Inc Patchogue, NY | $1,959,065 | $2,916,141 |