National Comedy Center Operator Inc
- Assets
- $24.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Jamestown, NY
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-0774057
Organization Overview
National Comedy Center Operator Inc is located in Jamestown, NY. The organization was established in 2019. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, National Comedy Center Operator 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 Operator 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 Operator Inc generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $5.7m 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 NATIONAL COMEDY CENTER IS TO PROVIDE EDUCATION ON THE COMEDIC ARTS IN THE FORM OF COMMENTARY AND CONTEXTUALIZATION OF ITS BODIES OF WORK, TELLING THE VITAL STORY OF COMEDY IN AMERICA ACROSS ALL ERAS AND GENRES OF THE ART FORM. AS A NON-PROFIT CULTURAL INSTITUTION, THE MUSEUM CELEBRATES COMEDY'S GREAT MINDS AND UNIQUE VOICES, WHILE PROVIDING AN EXAMINATION OF THE TIME-HONED CREATIVE PROCESSES THAT HAVE ELEVATED COMEDY TO AN ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE AND DEVELOP THE NATIONAL COMEDY CENTER.
GIFT SHOP
COMEDY SHOWS
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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 |
Mike 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 |
|---|---|---|
Muskoka Films | 12/30/22 | $751,337 |
Adirondack Studios | 12/30/22 | $286,584 |
Electrosonic | 12/30/22 | $286,348 |
Nathaniel Marshall | 12/30/22 | $125,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $81,453 |
| Fundraising events | $0 |
| Related organizations | $4,128,361 |
| Government grants | $18,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,228,364 |
| Total Program Service Revenue | $959,693 |
| 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 | -$41,950 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,147,483 |
| 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. | $139,862 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,316,287 |
| Pension plan accruals and contributions | $23,368 |
| Other employee benefits | $60,865 |
| Payroll taxes | $109,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,438 |
| Fees for services: Accounting | $156,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $707,142 |
| Office expenses | $7,761 |
| Information technology | $77,633 |
| Royalties | $0 |
| Occupancy | $821,794 |
| Travel | $69,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $269,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,601,364 |
| Insurance | $110,387 |
| All other expenses | $10,137 |
| Total functional expenses | $5,722,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,540 |
| Savings and temporary cash investments | $317,640 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $136,240 |
| Prepaid expenses and deferred charges | $24,532 |
| Net Land, buildings, and equipment | $23,133,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $189,953 |
| Other assets | $0 |
| Total assets | $23,972,241 |
| Accounts payable and accrued expenses | $412,530 |
| 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 | $22,472,315 |
| Unsecured mortgages and notes payable | $127,794 |
| Other liabilities | $0 |
| Total liabilities | $23,012,639 |
| Net assets without donor restrictions | $959,602 |
| 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 | $23,972,241 |