2023-11-14T14:25:11-06:00 2022-12-31 141442607 BST & CO CPAS LLP 10 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2022-01-01 141466353 SARATOGA PERFORMING ARTS CENTER INC SARA 5185849330 108 AVENUE OF THE PINES SARATOGA SPRINGS NY 12866 ELIZABETH SOBOL PRESIDENT & CEO 5185849330 2023-11-10 1 ELIZABETH SOBOL 999009999 0 JEREMY COLE P00436330 5184596700 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELIZABETH SOBOL 108 AVENUE OF THE PINES SARATOGA SPRINGS NY 12866 14759608 0 X WWW.SPAC.ORG X 1962 NY TO PRESENT VIBRANT AND DIVERSE ARTISTIC PERFORMANCES THAT ENGAGE AND ENRICH THE COMMUNITY. 30 30 436 250 0 0 7213730 6270371 1243015 3166679 904129 407244 1449389 2508005 10810263 12352299 0 0 0 0 3056152 3809983 0 0 747298 3087834 7853116 6143986 11663099 4666277 689200 31890328 30854112 5174403 5207220 26715925 25646892 X FOR OVER 50 YEARS, THE SARATOGA PERFORMING ARTS CENTER, IN HEART OF THE GLORIOUS SPA STATE PARK IN SARATOGA SPRINGS, NY, HAS BEEN THE SUMMER HOME OF NEW YORK CITY BALLET AND THE PHILADELPHIA ORCHESTRA, AND THE LOCATION OF MORE THAN A THOUSAND PERFORMANCES OF BEST-IN-CLASS ARTISTS ACROSS ALL GENRES. AS IT MOVES INTO ITS NEXT 50 YEARS, SPAC EMBRACES ITS ROLE AS A STEWARD OF ITS PLACE IN THE NATURAL WORLD AND THE TRANSFORMATIVE POWER OF BEAUTY IN HUMAN LIVES. SPAC WORKS TO HARNESS THAT POWER FROM BOTH MAN-MADE AND NATURAL SOURCES TO FORGE DEEP CONNECTIONS FROM PERSON TO PERSON AND PERSON TO PLANET THROUGH A FUTURE THAT EMBRACES AN EVER-EXPANDING DEFINITION OF THE ARTS INCLUDING PERFORMING ARTS, VISUAL ARTS, LITERARY ARTS, CULINARY ARTS, HEALING ARTS AND BEYOND. IN ITS WORK ON BEHALF OF ART, ARTISTS AND COMMUNITY, SPAC WORKS TO EDUCATE, REVEAL, INSPIRE, AND SERVE THE BEAUTY IN THE WORLD WHICH CONNECTS, RESPECTS, AND ELEVATES ALL HUMAN BEINGS. 0 0 8926588 5206831 THE PRESENTATION OF THE PERFORMING ARTS IN ORDER TO SPONSOR, CULTIVATE AND DEVELOP AN UNDERSTANDING AND APPRECIATION OF SUCH ART BY THE CENTER'S MEMBERS AND THE COMMUNITY. WE PRESENT 70-80 EVENTS THROUGHOUT THE YEAR, REACHING OVER 350,000 PEOPLE EACH YEAR IN THE AREAS OF DANCE, ORCHESTRA, OPERA, CHAMBER MUSIC, JAZZ, AND ROCK AND ROLL. OUR FACILITY IS THE SUMMER HOME TO THE PHILADELPHIA ORCHESTRA, THE NEW YORK CITY BALLET, AND THE CHAMBER MUSIC SOCIETY OF LINCOLN CENTER AT SPAC. 8926588 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 70 0 1 436 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X EDWARD JAY LAFOND 5185849330 108 AVENUE OF THE PINES HALL OF SARATOGA SPRINGS NY 12866 SUSAN LAW DAKE CHAIR 1.00 X X 0 0 0 CHARLES WAIT JR VICE CHAIR 1.00 X X 0 0 0 ELEANOR K MULLANEY SECRETARY 1.00 X X 0 0 0 LINDA TOOHEY TREASURER 1.00 X X 0 0 0 ANTHONY R IANNIELLO ESQ DIRECTOR 1.00 X 0 0 0 JULIE FULLER DIRECTOR 1.00 X 0 0 0 GEORGE R HEARST III DIRECTOR 1.00 X 0 0 0 NORMA MEACHAM DIRECTOR 1.00 X 0 0 0 CHRIS MACKEY DIRECTOR 1.00 X 0 0 0 RONALD RIGGI DIRECTOR 1.00 X 0 0 0 DONALD J MCCORMACK DIRECTOR 1.00 X 0 0 0 GERALDINE GOLUB DIRECTOR 1.00 X 0 0 0 HEATHER MABEE DIRECTOR 1.00 X 0 0 0 SONNY BONACIO DIRECTOR 1.00 X 0 0 0 RICHARD HIGGINS DIRECTOR 1.00 X 0 0 0 SALLY BOTT DIRECTOR 1.00 X 0 0 0 JUDY HARRIGAN DIRECTOR 1.00 X 0 0 0 JASON WARD DIRECTOR 1.00 X 0 0 0 CJ DECRESCENTE DIRECTOR 1.00 X 0 0 0 SEAN LEONARD DIRECTOR 1.00 X 0 0 0 RAIMUNDO ARCHIBOLD DIRECTOR 1.00 X 0 0 0 WILLIAM MCELLEN DIRECTOR 1.00 X 0 0 0 ANDREA SPUNGEN DIRECTOR 1.00 X 0 0 0 CARL DEBRULE DIRECTOR 1.00 X 0 0 0 STEPHEN VERRAL MD DIRECTOR 1.00 X 0 0 0 MARTIN MBUGUA DIRECTOR 1.00 X 0 0 0 DR L OLIVER ROBINSON DIRECTOR 1.00 X 0 0 0 SUJATA N CHAUDHRY DIRECTOR 1.00 X 0 0 0 KEELEY ARDMAN DESALVO DIRECTOR 1.00 X 0 0 0 ASHLEY BUDD DIRECTOR 1.00 X 0 0 0 EDWARD JAY LAFOND CPA CHIEF FINANCIAL OFFICER 60.00 X 157619 0 27312 ELIZABETH SOBOL PRESIDENT AND CEO 60.00 X 460930 0 69179 LESLIE COLEMAN-SMITH GENERAL MANAGER 60.00 X 184838 0 47557 DENNIS MOENCH VICE PRESIDENT, EDUCATION 50.00 X 101593 0 30023 CHRIS SHILEY VICE PRESDIENT, ARTISTIC P 50.00 X 100139 0 12165 1005119 0 186236 5 0 1 0 PHILADELPHIA ORCHESTRA 220 S BROAD STREET PHILADELPHIA PA 19102 PERFORMANCE FEES 1646182 NEW YORK CITY BALLET 20 WEST 63RD STREET NEW YORK NY 10023 PERFORMANCE FEES 1235000 824 PRODUCTIONS 3 DUPLAINVILLE ROAD SARATOGA SPRINGS NY 12866 PRODUCTION SERVICES 952175 THE CHAMBER MUSIC SOCIETY OF LINCOLN CEN 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 PERFORMANCE FEES 141598 OPUS 3 ARTISTS LLC 470 PARK AVENUE SOUTH 9TH FLOOR NOR NEW YORK NY 10016 PERFORMANCE FEES 115000 6 3194117 54825 1552279 1469150 76969 6270371 TICKET SALES 711190 2840761 2840761 BOX OFFICE SERVICE FEES 711300 325918 325918 3166679 168472 168472 734147 269148 464999 464999 464999 2325037 2056485 29780 268552 -29780 238772 238772 54750 54825 51896 2854 2854 THIRD PARTY LICENSE FEES 711300 1639842 1639842 400310 400310 2040152 12352299 5206831 0 875097 X 947434 442980 369935 134519 2318420 1128704 903652 286064 75069 27025 29600 18444 222437 80078 87708 54651 246623 120066 96127 30430 29679 29679 48410 48410 72654 72654 4928761 4785954 100716 42091 709808 693688 16120 58023 11631 34761 11631 88028 35447 34858 17723 311626 302408 9218 9529 8113 1416 474849 474849 167983 136949 28253 2781 PRODUCTION COST 526034 519288 6746 FOOD AND BEVERAGE 154171 9539 144632 SERVICE CHARGES 149869 149869 DUES AND SUBSCRIPTIONS 3949 3949 119743 138277 -18534 11663099 8926588 1989213 747298 170 170 9341889 8247646 60000 235000 666911 1277980 17535 74995 87182 16485055 6173160 9692493 10311895 11385687 9735600 668183 941104 31890328 30854112 1107060 1935470 3363120 2692374 555726 148497 579376 5174403 5207220 X 17337174 16759438 9378751 8887454 26715925 25646892 31890328 30854112 X 689200 -1715034 -43199 X X 0 1 X 1 1 1 X 3741104 3936655 5975642 7213730 6270371 27137502 3741104 3936655 5975642 7213730 6270371 27137502 629605 26507897 2154300 2258817 372647 1963433 2542461 9291658 893705 863925 103157 119766 455060 2435613 38864773 10749143 0.68210 0.66590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 81,147. 2019 AMOUNT: $ 161,465. 2020 AMOUNT: $ 40,192. 2021 AMOUNT: $ 81,266. 2022 AMOUNT: $ 400,310. SARATOGA JAZZ FESTIVAL - 2018 AMOUNT: $ 40,532. 2019 AMOUNT: $ 43,273. 2022 AMOUNT: $ 0. GROSS FUNDRAISING EVENT REVENUE - 2018 AMOUNT: $ 730,189. 2019 AMOUNT: $ 613,469. 2020 AMOUNT: $ 53,768. 2021 AMOUNT: $ 38,500. 2022 AMOUNT: $ 54,750. GROSS GAMING ACTIVITIES REVENUE - 2018 AMOUNT: $ 41,837. 2019 AMOUNT: $ 45,718. 2020 AMOUNT: $ 9,197. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11615777 13603 -1219431 72654 10337295 9623364 16117 2052772 76476 11615777 8671402 4165 1010912 63115 9623364 7322314 1600 1408445 60957 8671402 7728987 83011 -429660 60024 7322314 0.20000 0.27000 0.53000 0 0 13577123 4411470 9165653 2907932 1761690 1146242 10311895 ACCRUED PENSION 150000 OPERATING LEASE LIABILITY 429376 579376 X 10915110 -1715034 -43199 -1758233 12673343 -321044 -321044 12352299 11984143 321044 321044 11663099 0 11663099 PART V, LINE 4: SPAC'S POLICY FOR DISTRIBUTING ENDOWMENT FUND EARNINGS IS BASED ON THE NEED TO SUPPORT ITS CLASSICAL PROGRAMMING. WHETHER ANY DISTRIBUTIONS ARE MADE FROM ENDOWMENT FUNDS IS DECIDED ANNUALLY BY THE BOARD OF DIRECTORS IN CONJUNCTION WITH SPAC'S OPERATING BUDGET. ACCORDINGLY, OVER THE LONG TERM, SPAC EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT A RATE THAT EXCEEDS THE RATE OF INFLATION. THIS IS CONSISTENT WITH SPAC'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: SPAC AND THE MUSEUM EACH FILE FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. WHEN ANNUAL RETURNS ARE FILED, SOME TAX POSITIONS TAKEN ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR AMOUNT OF THE POSITION'S TAX BENEFIT THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT EVALUATED SPAC'S AND THE MUSEUM'S TAX POSITIONS, INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT SPAC AND THE MUSEUM HAVE TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN THEIR FINANCIAL STATEMENTS AS OF DECEMBER 31, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED GAINS (LOSSES) -43,199. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -51,896. RENTAL EXPENSES -269,148. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 51,896. RENTAL EXPENSES 269,148. A CHOREOGRAPHERS FEAST 59450 33450 26000 15706 1229 1884 SYMPHONIC SUPPER 50125 21375 28750 1775 27400 2206 1696 0 109575 54825 54750 1775 43106 3435 3580 51896 2854 NY 1 0 0 0 1.00000 EDWARD JAY LAFOND 108 AVE OF THE PINES SARATOGA SPRINGS NY 12866 0 0 X X X X X X 0 0 0 0 0 0 0 0 0 ELIZABETH SOBOL PRESIDENT AND CEO 460930 0 0 0 0 0 48709 0 20470 0 530109 0 0 0 LESLIE COLEMAN-SMITH GENERAL MANAGER 184838 0 0 0 0 0 19007 0 28550 0 232395 0 0 0 EDWARD JAY LAFOND CPA CHIEF FINANCIAL OFFICER 157619 0 0 0 0 0 26461 0 851 0 184931 0 0 0 X 7 76969 SELLING PRICE 0 1 1 PART I, LINE 32B: THE ORGANIZATION HAS AN ACCOUNT WITH A REGISTERED BROKERAGE FIRM TO SELL DONATED SECURITIES ON ITS BEHALF. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS COMPRISED OF MEMBERS THAT CONTRIBUTE TO THE ORGANIZATION AT DIFFERENT LEVELS TO FURTHER THE GOALS AND OBJECTIVES OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS COMPRISED OF MEMBERS THAT CONTRIBUTE TO THE ORGANIZATION AT DIFFERENT LEVELS TO FURTHER THE GOALS AND OBJECTIVES OF THE ORGANIZATION. CURRENTLY, THE ORGANIZATION HAS TWELVE LEVELS OF MEMBERSHIP DEPENDING ON THE AMOUNT OF CONTRIBUTION. THE RANGE IS $125 TO $100,000. THE BOARD OF DIRECTORS ANNUALLY DETERMINES THE LEVEL AT WHICH A MEMBER IS ENTITLED TO VOTE. DEPENDING ON THE LEVEL OF MEMBERSHIP, SUCH MEMBERS ARE ENTITLED TO VOTE ON ISSUES BROUGHT FORTH BEFORE THE MEMBERSHIP INCLUDING ELECTIONS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 RETURN WAS SENT TO EACH BOARD MEMBER TO BE REVIEWED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOTH MANAGEMENT AND DIRECTORS ARE FAMILIARIZED WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICIES UPON ORIENTATION AND ARE ASKED TO COMPLETE AN ANNUAL QUESTIONNAIRE RELATED TO COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15A SEE SCHEDULE J LINE 3. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE ALONG WITH OUR BYLAWS AND CONFLICT OF INTEREST POLICY. THE 990 RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH OUR BUSINESS OFFICE UPON REQUEST. FORM 990, PART IX, LINE 11G DIRECT TALENT COSTS: PROGRAM SERVICE EXPENSES 4,736,344. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,736,344. STRATEGIC PLANNING CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 59,374. FUNDRAISING EXPENSES 29,688. TOTAL EXPENSES 89,062. PAYROLL AND HR SERVICES: PROGRAM SERVICE EXPENSES 49,610. MANAGEMENT AND GENERAL EXPENSES 41,342. FUNDRAISING EXPENSES 12,403. TOTAL EXPENSES 103,355. FORM 990, PART XI, LINE 9: PENSION ADJUSTMENT -43,199. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE POLICY FROM THE PRIOR YEAR. NATIONAL MUSEUM OF DANCE 99 SOUTH BROADWAY SARATOGA SPRINGS NY 12866 222683076 DANCE MUSEUM NY 501(C)3 LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0