2025-11-15T18:17:53-06:00 2024-12-31 420714325 RSM US LLP 6 S PATTERSON BLVD DAYTON OH 45402 990 2024-01-01 141602083 ARTS CENTER AND THEATRE OF SCHENECTADY INC ARTS 5183823884 432 STATE ST SCHENECTADY NY 123052393 PHILIP MORRIS CEO 5183823884 2025-11-17 1 1 KAREN O CRIM P00368385 9372980201 2025-11-14 2024 2025-03-06 01:10:19Z PROCTORS PHILIP MORRIS 432 STATE ST SCHENECTADY NY 123052393 24735963 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. 32 32 220 600 0 0 4707531 5331111 19598128 17493925 189582 156925 1350055 1455188 25845296 24437149 0 0 0 0 6338555 7227573 0 0 1139454 18711370 16992861 25049925 24220434 795371 216715 53205681 48896213 18853399 16099470 34352282 32796743 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 18645082 0 18164858 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. 710409 0 606485 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. 158836 0 177770 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. 19514327 1 1 0 1 0 0 0 0 0 1 1 1 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 1 1 1 1 0 0 1 63 0 1 220 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NY X CHRISTOPHER MUSTO 5183823884 432 STATE ST SCHENECTADY NY 123052393 RAIMUNDO ARCHIBOLD PRESIDENT 5.00 0.00 X X 0 0 0 MELISSA ZAMBRI VICE PRESIDENT 1.00 0.00 X X 0 0 0 RAYMOND A BLESER SECRETARY 1.00 0.00 X X 0 0 0 KEVIN TESTO TREASURER 1.00 0.00 X X 0 0 0 BRENDA BADDAM BOARD MEMBER (UNTIL 12/31/24) 1.00 0.00 X 0 0 0 RICK BARLOW BOARD MEMBER 1.00 0.00 X 0 0 0 LIONEL BARTHOLD BOARD MEMBER AMERITUS 1.00 0.00 X 0 0 0 ANGELA BEDDOE BOARD MEMBER 1.00 0.00 X 0 0 0 LOLA BRABHAM BOARD MEMBER (UNTIL 12/31/24) 1.00 0.00 X 0 0 0 BRYAN CADY BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD A CARLSTROM BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID CERNIGLIA BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY CHRISTIANA BOARD MEMBER (UNTIL 12/31/24) 1.00 0.00 X 0 0 0 GARY DAKE BOARD MEMBER 1.00 0.00 X 0 0 0 JANINE DYKEMAN BOARD MEMBER 1.00 0.00 X 0 0 0 BETH FACTEAU BOARD MEMBER 1.00 1.00 X 0 0 0 DAN FINKLE BOARD MEMBER 1.00 0.00 X 0 0 0 KATHLEEN FYFE BOARD MEMBER (UNTIL 1/31/24) 1.00 1.00 X 0 0 0 MONA GOLUB BOARD MEMBER 1.00 0.00 X 0 0 0 ANNE HARRIS BOARD MEMBER 1.00 0.00 X 0 0 0 HAROLD ISELIN BOARD MEMBER (UNTIL 1/31/24) 1.00 1.00 X 0 0 0 KARLA JAIME-BENITEZ BOARD MEMBER 1.00 0.00 X 0 0 0 ANTHONY MASHUTA BOARD MEMBER AMERITUS 1.00 0.00 X 0 0 0 MORRIS MASSRY BOARD MEMBER AMERITUS 1.00 0.00 X 0 0 0 RYAN MICKLUS BOARD MEMBER 1.00 0.00 X 0 0 0 PAUL D MOORE BOARD MEMBER 1.00 0.00 X 0 0 0 GREGORY L PINTO BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN RAY BOARD MEMBER 1.00 0.00 X 0 0 0 KATHERINE M SHEEHAN BOARD MEMBER 1.00 0.00 X 0 0 0 HERBERT L SHULTZ JR BOARD MEMBER AMERITUS 1.00 0.00 X 0 0 0 CHRIS SPRARAGEN BOARD MEMBER 1.00 0.00 X 0 0 0 TOLANDA THOMAS BOARD MEMBER 1.00 0.00 X 0 0 0 EMILY TITSWORTH BOARD MEMBER 1.00 0.00 X 0 0 0 FRANK WALSH BOARD MEMBER 1.00 1.00 X 0 0 0 HEATHER WARD BOARD MEMBER 1.00 0.00 X 0 0 0 EVELINE WARD-SELLS BOARD MEMBER (UNTIL 4/30/24) 1.00 0.00 X 0 0 0 MISHKA WOODLEY BOARD MEMBER 1.00 0.00 X 0 0 0 JENNIFER YOCUM BOARD MEMBER 1.00 0.00 X 0 0 0 PHILIP MORRIS CHIEF EXECUTIVE OFFICER 40.00 3.00 X 363696 0 11723 CHRISTOPHER MUSTO CHIEF FINANCIAL OFFICER 40.00 3.00 X 133045 0 6760 JEAN LEONARD CHIEF OF STAFF 40.00 1.00 X 178462 0 6171 DANIEL HANIFIN RELATIONSHIPS DIRECTOR 40.00 1.00 X 128633 0 5646 JAMES MURPHY MARKETING DIRECTOR (UNTIL 11/12/24) 40.00 0.00 X 117315 0 4580 DANIEL SHEEHAN DIRECTOR OF OPERATIONS 40.00 1.00 X 109736 0 14168 CHRISTINE SHEEHAN EDUCATION DIRECTOR 40.00 0.00 X 109690 0 4107 1140577 0 53155 8 0 1 0 LIVE NATION WORLDWIDE INC 450 W 15TH STREET NEW YORK NY 10011 SHOW TALENT 2051737 TOTAL BENEFIT MANAGEMENT 333 GLEN STREET GLENS FALLS NY 12801 LABOR 1927284 SIX BOLEYN TOUR LLC 561 7TH AVENUE NEW YORK NY 10018 SHOW TALENT 943801 I LOVE COTTON CANDY LLC 230 W 41ST STREET NEW YORK NY 10036 SHOW TALENT 797260 LMS22 TOURING LLC 7135 MINSTREL WAY COLUMBIA MD 21045 SHOW TALENT 780277 31 2744417 2586694 5331111 THEATRE TICKET REVENUES 711110 16947723 16947723 546202 546202 17493925 156925 156925 746104 0 746104 746104 746104 1002275 298814 703461 703461 DEVELOPER FEE REVENUE 561499 5623 5623 5623 24437149 18949113 0 156925 X 504313 298987 149693 55633 5460655 3237409 1620863 602383 108067 64069 32077 11921 696700 413046 206799 76855 457838 271434 135898 50506 22764 22764 96933 96933 15100 5264 4398 5438 10843761 10672314 83912 87535 1386459 1321427 1432 63600 1783287 1387378 264381 131528 156095 106659 48505 931 22246 14367 5310 2569 430825 271461 156670 2694 1613129 1107443 494705 10981 285115 203552 79454 2109 REPAIRS/MAINTENANCE 213183 84764 128201 218 HOSPITALITY 82708 24363 34658 23687 SECURITY 19789 19789 FUNDRAISING EXPENSE 10866 10866 10601 10601 24220434 19514327 3566653 1139454 2948386 176304 52445 49251 2861387 3689588 76679 69293 518274 384868 62732410 25087626 38527982 37644784 2901579 3226425 3978882 2977432 1340067 678268 53205681 48896213 1536670 1698421 9063241 6229323 6455073 7087328 1798415 1084398 18853399 16099470 X 31652021 29735415 2700261 3061328 34352282 32796743 53205681 48896213 X 216715 476006 -33049 -2215211 X 0 1 X 1 1 1 X 3541170 14134854 3191569 4707531 5331111 30906235 3473243 1426577 14488340 20555910 18496200 58440270 7014413 15561431 17679909 25263441 23827311 89346505 36798 169807 186291 273625 666521 0 36798 169807 186291 273625 666521 88679984 202149 315999 554552 877096 903029 2852825 202149 315999 554552 877096 903029 2852825 1113000 1664347 7811 7950 5623 2798731 8329562 17541777 18242272 26148487 24735963 94998061 0.93350 0.93670 0.03000 0.02520 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DEVELOPER FEE REVENUE - 2020 AMOUNT: $ 1,113,000. 2021 AMOUNT: $ 8,750. 2022 AMOUNT: $ 7,811. 2023 AMOUNT: $ 7,950. 2024 AMOUNT: $ 5,623. 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 15100 15100 0 PART II-B, LINE 1: ACTS USES AN OUTSIDE LOBBYING FIRM TO ASSIST WITH ARTS RELATED ISSUES RELEVANT TO ITS OPERATIONS. 3174242 527981 3702223 2467120 707122 3174242 2875275 -408155 2467120 2228673 646602 2875275 2086271 142402 2228673 0.17858 0.27213 0.54929 0 0 277500 277500 56067999 23958092 32109907 1604222 940780 663442 4782689 188754 4593935 37644784 OTHER INVESTMENTS 2977432 C 2977432 OTHER LIABILITIES 12401 RIGHT OF USE LEASE LIABILITY 138358 INTERCOMPANY PAYABLES 933639 1084398 X 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, 2024, MANAGEMENT HAS DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS. X X 0 0 0 0 0 0 0 0 0 PHILIP MORRIS CHIEF EXECUTIVE OFFICER 363696 0 0 0 0 0 10911 0 812 0 375419 0 0 0 JEAN LEONARD CHIEF OF STAFF 178462 0 0 0 0 0 5354 0 817 0 184633 0 0 0 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 IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 82,076. MANAGEMENT AND GENERAL EXPENSES 68,582. FUNDRAISING EXPENSES 84,792. TOTAL EXPENSES 235,450. SHOW TALENT FEES AND SUPPLIES: PROGRAM SERVICE EXPENSES 10,590,238. MANAGEMENT AND GENERAL EXPENSES 15,330. FUNDRAISING EXPENSES 2,743. TOTAL EXPENSES 10,608,311. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST SWAP AGREEMENT -60,514. PAID-IN-CAPITAL CONTRIBUTIONS -2,154,697. 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