2022-11-11T14:32:38-06:00 2021-12-31 420714325 RSM US LLP 6 S PATTERSON BLVD DAYTON OH 45402 990 2021-01-01 141602083 ARTS CENTER AND THEATER OF SCHENECTADY INC ARTS 5183823884 432 STATE ST SCHENECTADY NY 123052393 PHILIP MORRIS CEO 5183823884 2022-11-15 1 PHILIP MORRIS XXX-XX-XXXX KAREN O CRIM P00368385 9372980201 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z PROCTORS PHILIP MORRIS 432 STATE ST SCHENECTADY NY 123052393 17541777 0 X WWW.PROCTORS.ORG X 1977 NY THE MISSION OF THE ARTS CENTER & THEATRE OF SCHENECTADY (ACTS) IS TO PROVIDE A DIVERSE PROGRAM OF EXCELLENT PERFORMING ARTS EVENTS, TO RESTORE AND PRESERVE THE BEAUTIFUL PROCTOR'S THEATRE, TO SERVE AS A CULTURAL CENTER FOR THE CAPITAL REGION AND, TO THE EXTENT THAT RESOURCES AND THE CERTIFICATE OF INCORPORATION PERMIT, SUPPORT ACTIVITIES THAT CONTRIBUTE TO THE ECONOMIC DEVELOPMENT AND QUALITY OF LIFE IN THE REGION. 34 34 91 500 0 0 3541170 14134854 3295397 1409803 -92109 41102 1308693 1949065 8053151 17534824 0 0 0 0 3304721 3051792 0 0 299891 6583147 3891928 9887868 6943720 -1834717 10591104 50181970 59537808 20731990 18693554 29449980 40844254 THROUGH ARTS AND COMMUNITY LEADERSHIP, PROCTORS WILL BE A CATALYST FOR EXCELLENCE IN EDUCATION, SUSTAINED ECONOMIC DEVELOPMENT, AND RICH CIVIC ENGAGEMENT TO ENHANCE THE QUALITY OF LIFE IN THE GREATER CAPITAL REGION. 0 0 4153153 1283157 ARTS CENTER AND THEATRE OF SCHENECTADY, INC. ("ACTS") IS A PERFORMING ARTS FACILITY AND REGIONAL CULTURAL SERVICE PROVIDER. ITS MISSION: THROUGH ARTS AND COMMUNITY LEADERSHIP, TO BE A CATALYST FOR EXCELLENCE IN EDUCATION, SUSTAINABLE ECONOMIC DEVELOPMENT AND RICH CIVIC ENGAGEMENT, TO ENHANCE THE QUALITY OF LIFE IN THE GREATER CAPITAL REGION. FROM TOURING BROADWAY PRODUCTIONS TO INTIMATE CONCERTS, FROM GRADUATIONS AND SPELLING BEES TO THE WINTER FARMER'S MARKET, PROCTORS IS A HAVEN FOR ARTS AND COMMUNITY EVENTS OF ALL KINDS, A LIVING ROOM FOR THE REGION. IT PROVIDES HEATING AND COOLING TO MOST OF THE DOWNTOWN BLOCK. AND IT ALSO PROVIDES A CULTURAL SERVICE PLATFORM FOR OTHER ORGANIZATIONS, INCLUDING TICKETING SERVICES AND ADMINISTRATIVE FUNCTIONS FOR NEIGHBORING ARTS ORGANIZATIONS. 332267 266564 FOR MORE THAN 30 YEARS, PROCTORS HAS CULTIVATED AUDIENCES OF ALL AGES THROUGH A VIBRANT ARTS EDUCATION PROGRAM. IN 2014, WE EXPANDED THAT INITIATIVE TO ALIGN WITH THE ORGANIZATION'S MISSION AND STRATEGIC VISION UNDER A COLLABORATIVE SCHOOL OF THE ARTS, ONE OF THE MOST AMBITIOUS SUCH DEPARTMENTS IN THE COUNTRY. THE SCHOOL ENCOMPASSES PROCTORS, CAPITAL REPERTORY THEATRE AND UNIVERSAL PRESERVATION HALL AND SERVES OVER 45,000 PATRONS ANNUALLY. ALL PROGRAMS EMPHASIZE COLLABORATIONS WITH SCHOOL DISTRICTS, ARTISTS, ARTS ORGANIZATIONS, AND OTHER REGIONAL PARTNERS, WITH A SPECIAL FOCUS ON CAREER AND WORKFORCE TRAINING. 111987 153550 PROCTORS DESIGNATION AS MANAGER AND OPERATOR OF PUBLIC, EDUCATIONAL AND GOVERNMENT ACCESS CABLE TELEVISION BY THE CITY OF SCHENECTADY IN DECEMBER 2010 SPURRED THE CREATION OF A NEW BROADCAST ENTITY, OPEN STAGE MEDIA AT PROCTORS (OSM). OSM PUBLIC ACCESS IS A CONDUIT OPEN TO THE COMMUNITY. OSM PUBLIC ACCESS IS FREE CABLE CASTING DESIGNED FOR LOCAL IDEAS AND THOUGHTS ON CABLE TELEVISION. 4597407 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 66 0 1 91 1 0 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 NY X CHRISTOPHER MUSTO 5183823884 432 STATE ST SCHENECTADY NY 123052393 HEATHER WARD PRESIDENT 5.00 X X 0 0 0 PAUL B HARDING VICE PRESIDENT 2.00 X X 0 0 0 RAYMOND A BLESER SECRETARY 1.00 X X 0 0 0 KEVIN TESTO TREASURER 1.00 X X 0 0 0 ANNE B PUTNAM BOARD MEMBER 1.00 X 0 0 0 ANNE HARRIS BOARD MEMBER 1.00 X 0 0 0 ANGELA BEDDOE BOARD MEMBER 1.00 X 0 0 0 ANTHONY J BIFARO BOARD MEMBER 1.00 X 0 0 0 ANTHONY MASHUTA BOARD MEMBER 1.00 X 0 0 0 ALEX TRONCO BOARD MEMBER 1.00 X 0 0 0 BETH FACTEAU BOARD MEMBER 1.00 1.00 X 0 0 0 BRYAN CADY BOARD MEMBER 1.00 X 0 0 0 CHRIS SPRARGEN BOARD MEMBER 1.00 X 0 0 0 DAN FINKLE BOARD MEMBER 1.00 X 0 0 0 DANIEL J WHITE BOARD MEMBER 1.00 X 0 0 0 DAVID CERNIGLIA BOARD MEMBER 1.00 X 0 0 0 DENISE GONICK BOARD MEMBER 1.00 X 0 0 0 EVELINE WARD-SELLS BOARD MEMBER 1.00 X 0 0 0 FRANK WALSH BOARD MEMBER 1.00 1.00 X 0 0 0 GREGORY L PINTO BOARD MEMBER 1.00 X 0 0 0 HAROLD ISELIN BOARD MEMBER 1.00 1.00 X 0 0 0 HERBERT L SHULTZ JR BOARD MEMBER 3.00 X 0 0 0 JEFF CHRISTIANA BOARD MEMBER 1.00 X 0 0 0 KATHERINE M SHEEHAN BOARD MEMBER 1.00 X 0 0 0 KATHLEEN FYFE BOARD MEMBER 1.00 1.00 X 0 0 0 MELISSA ZAMBRI BOARD MEMBER 1.00 X 0 0 0 MONA GOLUB BOARD MEMBER 1.00 X 0 0 0 MORRIS MASSRY BOARD MEMBER AMERITUS 1.00 X 0 0 0 PAUL D MOORE BOARD MEMBER 1.00 X 0 0 0 RAIMUNDO ARCHIBOLD BOARD MEMBER 1.00 X 0 0 0 RICHARD A CARLSTROM BOARD MEMBER 1.00 1.00 X 0 0 0 RICK BARLOW BOARD MEMBER 1.00 X 0 0 0 RYAN MICKLUS BOARD MEMBER 1.00 X 0 0 0 STACEY B ROWLAND BOARD MEMBER 1.00 X 0 0 0 JAMES SPENCER BOARD MEMBER (UNTIL 08/21) 1.00 X 0 0 0 PHILIP MORRIS CHIEF EXECUTIVE OFFICER 40.00 3.00 X 264415 0 1183 CHRISTOPHER MUSTO CHIEF FINANCIAL OFFICER 40.00 3.00 X 109769 0 2019 JEAN LEONARD CHIEF OF STAFF 40.00 X 105565 0 403 DANIEL HANIFIN RELATIONSHIPS DIRECTOR 40.00 X 106995 0 403 JAMES MURPHY MARKETING DIRECTOR 40.00 X 106204 0 403 692948 0 4411 5 0 1 0 TOTAL BENEFIT MANAGEMENT INC 333 GLEN STREET SUITE 601 GLENS FALLS NY 12801 STAGE LABOR 633435 SUMMER FIRST NATIONAL TOUR LLC 135 MINSTREL WAY SUITE 105 COLUMBIA MD 21045 SHOW TALENT 302136 CAPITAL REGION GAMING LLC 1 RUSH STREET SCHENECTADY NY 12305 SHOW TALENT 256660 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 ACCOUNTING SERVICES 137920 COLLETT MECHANICAL INC 138 SICKER ROAD LATHAM NY 12110 MAINTENANCE SERVICES 118140 5 10710000 3424854 14134854 THEATRE TICKET REVENUES 711110 1204551 1204551 205252 205252 1409803 41102 41102 274897 0 274897 274897 274897 16774 6953 9821 9821 DEBT FORGIVENESS 900099 1000000 1000000 EMPLOYEE RETENTION CREDIT 900099 655597 655597 DEVELOPER FEE REVENUE 561499 8750 8750 1664347 17534824 1703271 0 1696699 376606 249183 99829 27594 2156750 1427024 571703 158023 59338 39261 15729 4348 276331 182836 73249 20246 182767 120929 48447 13391 21075 21075 103244 103244 9300 3644 5656 601198 597445 3653 100 91144 84798 148 6198 417354 293261 75234 48859 117497 76453 40057 987 11441 7550 2238 1653 492595 267793 222593 2209 1645646 1006154 627663 11829 155701 102876 51803 1022 REPAIRS/MAINTENANCE 117244 49028 68216 FUNDRAISING EXPENSE 52664 40905 8437 3322 REAL ESTATE TAX 47713 47713 HOSPITALITY 8112 554 7448 110 6943720 4597407 2046422 299891 643187 9109139 354333 212478 7191919 8369757 46668 58825 262766 285806 57692161 20194611 38333196 37497550 2221809 2868411 1128092 1135842 50181970 59537808 1360203 765512 7284694 8432846 10305131 8905411 425000 0 1356962 589785 20731990 18693554 X 27319519 38137873 2130461 2706381 29449980 40844254 50181970 59537808 X 10591104 641157 162013 X X 0 1 X 1 1 1 X 4590321 4766367 3762762 3541170 4134854 20795474 13535476 13224662 20646346 3473243 1426577 52306304 18125797 17991029 24409108 7014413 5561431 73101778 36798 36798 0 36798 36798 73064980 1288324 312824 459900 202149 315999 2579196 1288324 312824 459900 202149 315999 2579196 450000 1113000 1664347 3227347 19414121 18303853 25319008 8329562 7541777 78908321 0.92590 0.94360 0.03270 0.03870 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DEVELOPER FEE REVENUE - 2019 AMOUNT: $ 450,000. 2020 AMOUNT: $ 1,113,000. 2021 AMOUNT: $ 8,750. DEBT FORGIVENESS - 2021 AMOUNT: $ 1,000,000. EMPLOYEE RETENTION CREDIT - 2021 AMOUNT: $ 655,597. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 9300 9300 0 PART II-B, LINE 1: ACTS USES AN OUTSIDE LOBBYING FIRM TO ASSIST WITH ARTS RELATED ISSUES RELEVANT TO ITS OPERATIONS. 2228673 646602 2875275 2086271 142402 2228673 1578570 507701 2086271 1888268 -109698 200000 1578570 1517681 141159 229428 1888268 0.07479 0.36087 0.56434 0 0 277500 277500 55200007 19353887 35846120 1404246 701502 702744 810408 139222 671186 37497550 OTHER LIABILITIES 14855 PROMISSORY NOTE 500000 INTEREST RATE SWAP LIABILITY 74930 589785 X 17689350 641157 162013 803170 16886180 648644 648644 17534824 6295076 -648644 -648644 6943720 0 6943720 PART V, LINE 4: EARNINGS FROM UNRESTRICTED ENDOWMENT MONIES IN A GIVEN FISCAL YEAR MAY BE USED TO AUGMENT THE OPERATING REVENUES OF THE THEATRE IN THE FOLLOWING FISCAL YEAR. THE PRINCIPAL OF SUCH ENDOWMENT MAY BE USED ONLY ON SPECIFIC APPROVAL OF THE BOARD OF DIRECTORS. PART X, LINE 2: THE FASB PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING ACTS' TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED WHEN CHALLENGED OR WHEN EXAMINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED DECEMBER 31, 2021, MANAGEMENT HAS DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 162,013. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS -6,953. EMPLOYEE RETENTION CREDIT INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 655,597. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD INCLUDED IN EXPENSE FOR FINANCIAL STATEMENTS 6,953. EMPLOYEE RENTENTION CREDIT INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS -655,597. X X 0 0 0 0 0 0 0 0 0 PHILIP MORRIS CHIEF EXECUTIVE OFFICER 264415 0 0 0 0 0 780 0 403 0 265598 0 0 0 FORM 990, PART I, ITEM C DBA: PROCTORS FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE REVIEW THE FORM 990. AFTER THEY HAVE COMPLETED THEIR REVIEW, A COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE CEO REQUESTS EACH DIRECTOR TO FURNISH A WRITTEN LIST OF ALL AFFILIATIONS OR OTHER INTERESTS WHICH THE DIRECTOR BELIEVES COULD POTENTIALLY CONSTITUTE A CONFLICT OF INTEREST WITH ACTS. THE CEO THEN REVIEWS THE LIST WITH A COMMITTEE OF THE BOARD AND OBTAINS ADVICE OF COUNSEL IF NEEDED. THE CEO UPDATES THE BOARD WITH ANY ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S EXECUTIVE COMMITTEE, WHICH IS MADE UP OF INDEPENDENT BOARD MEMBERS, REVIEWS AND APPROVES YEARLY COMPENSATION OF THE CEO BASED ON SERVICE AND THAT OF SIMILAR INSTITUTIONS. THE EXECUTIVE COMMITTEE USES FORM 990 OF OTHER ORGANIZATIONS WHEN REVIEWING THE CEO'S YEARLY COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ACTS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, FOR THE SAME PERIOD OF TIME AS SET FORTH IN THE INTERNAL REVENUE CODE SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST SWAP AGREEMENT 162,013. PART XII, LINE 2C EXPLANATION THE ORGANIZATION'S OVERSIGHT PROCESS AND SELECTION PROCESS HAVE NOT CHANGED SINCE THE PRIOR YEAR. CAPITAL REPERTORY COMPANY 432 STATE STREET SCHENECTADY NY 12305 132894677 PROFESSIONAL THEATRE NY 501(C)(3) LINE 10 ARTS CENTER & THEATRE OF SCHENECTADY INC 1 440 STATE STREET 432 STATE STREET SCHENECTADY NY 12305 141797729 COMMUNITY ART NY 501(C)(3) LINE 10 ARTS CENTER & THEATRE OF SCHENECTADY INC 1 SARATOGA SPRINGS UNIVERSAL PRESERVATION HALL 25 WASHINGTON STREET SARATOGA SPRINGS NY 12866 320033321 ENTERTAINMENT VENUE NY 501(C)(3) LINE 7 ARTS CENTER & THEATRE OF SCHENECTADY INC 1 THEREP LLC 432 STATE STREET SCHENECTADY NY 12305 823743179 HOLDING COMPANY NY N/A 0 0 UPH SARATOGA LLC 432 STATE STREET SCHENECTADY NY 12305 823760857 HOLDING COMPANY NY N/A 0 0 PT REDEVELOPMENT MANAGER LLC 432 STATE STREET SCHENECTADY NY 12305 203849194 MANAGE COMPLIANCE OPER OF PTR. NY ARTS CENTER AND THEATER OF SCHENECTADY INC C 676781 7125795 1.00000 1 THEREP MANAGER LLC 432 STATE STREET SCHENECTADY NY 12305 823729615 MANAGE COMPLIANCE OPER OF THEREP NY N/A C 1 UPH SARATOGA MANAGER LLC 432 STATE STREET SCHENECTADY NY 12305 823777175 MANAGE COMPLIANCE OPER OF UPH SARATOGA NY N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PT REDEVELOPMENT MANAGER LLC R 558366 COST UPH SARATOGA LLC R 168975 COST CAPITAL REPERTORY COMPANY R 196500 COST