The Complex Sag Harbor Inc
- Assets
- $15.4m
- Revenue
- $29.0
- Investments
- $0.0
- Employees
- 0
- Location
- Riverside, CT
- Founding
- Data as of
- 06/2024
- EIN
- 85-2656502
Organization Overview
The Complex Sag Harbor Inc is located in Riverside, CT. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, 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. Complex Sag Harbor 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 06/2024, Complex Sag Harbor Inc generated $29.0 in total revenue. All expenses for the organization totaled $32.0k during the year ending 06/2024.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF BAY STREET AND SAG HARBOR REDEVELOPMENT, INC. IS ORGANIZED FOR THE PURPOSES WHICH ARE EXCLOSIVELY CHARITABLE, EDUCATIONAL, SCIENTIFIC, RELIGIOUS AND LITERARY WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRC OF 1986. THE CHARITY WILL PRIMARILY ACCOMPLISH THESE PURPOSES BY ACQUIRING REAL PROPERTY ON THE EASTEN END OF LONG ISLAND, NEW YORK AND DEVELOPING THE REAL PROPERTY BY BUILDING A THEATER ON THE PROPERTY TO BE DEDICATED TO AND TO SUPPORT AND PRESERVE THE PERFORMING ARTS COMMUNITY IN THE AREA. SPECIFICALLY, ONCE THE PROPERTY HAS BEEN ACQUIRED AND THE THEATER CONSTRUCTED, THE THEATER WILL BE USED BY BAY STREET THEATER FESTIVAL, INC., A NONPROFIT PERFORMING ARTS ORGANIZATION. BY DOING SO, THE CHARITY WILL PROVIDE THE LOCAL COMMUNITY WITH ACCESS TO INNOVATIVE, EMERGING, CHALLENGING AND CLASSIC THEATER AND PERFORMING ARTS. THE CHARITY'S OTHER ACTIVITY WILL BE TO RAISE FUNDS TO SUPPORT THE PROJECT THROUGH CAPITAL CAMPAIGN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRING REAL PROPERTY ON THE EASTERN END OF LONG ISLAND, NY AND DEVELOPING THE REAL PROPERTY BY BUILDING A THEATER ON THE PROPERTY TO BE DEDICATED TO AND TO SUPPORT AND PRESERVE THE PERFORMING ARTS COMMUNITY IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Potter President | OfficerTrustee | 20 | $0 |
Marie Laferrara Treasurer | OfficerTrustee | 1 | $0 |
Dane Sayles Secretary | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| 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 | $29 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,014 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,667 |
| All other expenses | $0 |
| Total functional expenses | $31,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,461 |
| 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 | $15,180,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,404,637 |
| 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 | $15,764,894 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $16,264,894 |
| Net assets without donor restrictions | -$860,257 |
| 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 | $15,404,637 |