Overview
What is Saratoga Performing Arts Center Inc?
Saratoga Performing Arts Center Inc, located in Saratoga Springs, New York, is a renowned nonprofit organization dedicated to presenting and cultivating an appreciation for various performing arts through 70-80 events annually. With a workforce of 436 employees, the Center has been the summer home for the Philadelphia Orchestra, New York City Ballet, and Chamber Music Society of Lincoln Center since its inception over 50 years ago. The organization's mission is to engage and enrich the community by presenting vibrant and diverse artistic performances, reaching over 350,000 people each year. As it moves into its next 50 years, Saratoga Performing Arts Center aims to harness the power of both man-made and natural sources to forge deep connections and serve the beauty in the world that elevates all human beings. The Center also embraces an ever-expanding definition of the arts, including performing arts, visual arts, literary arts, culinary arts, and healing arts.
Official website here: www.spac.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Saratoga Performing Arts Center Inc has received a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. The organization has achieved a perfect score for its independent board membership and oversight practices, indicating a robust governance structure. The high percentage of program expenses relative to total expenses signifies that a substantial portion of its funding is directed towards mission-related activities.
The nonprofit excels in various accountability measures, including having independent board members and comprehensive financial oversight. There are no reported issues related to asset diversion, and the organization maintains a variety of important policies such as conflict of interest, whistleblower protections, and document retention. These practices demonstrate a high level of transparency and ethical governance.
However, while the organization showcases strong financial integrity and governance, the program expense ratio could be improved, indicating that there may be room for greater investment in its programming compared to administrative costs. Overall, the high rating reflects a well-managed organization with a solid foundation for continued success in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Saratoga Performing Arts Center Inc legitimate?
Saratoga Performing Arts Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saratoga Performing Arts Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $947,434
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,318,420
For more financial information, click here
Official website here: www.spac.org
What is the mission statement of Saratoga Performing Arts Center Inc?
For over five decades, Saratoga Performing Arts Center Inc has been a cultural beacon, presenting a vibrant and diverse range of artistic performances that enrich the community. It is the summer home of esteemed organizations such as New York City Ballet and The Philadelphia Orchestra. The center has hosted over a thousand performances across all genres, showcasing the best-in-class artists. Moving forward, Saratoga Performing Arts Center embraces its role as a steward of the transformative power of beauty in human lives. It seeks to harness this power from both man-made and natural sources to forge deep connections between people and the world around them. The center's mission extends beyond performing arts to include visual arts, literary arts, culinary arts, and healing arts, fostering a future that celebrates an ever-expanding definition of the arts. In its dedication to art, artists, and community, Saratoga Performing Arts Center works to educate, reveal, inspire, and serve the beauty that connects, respects, and elevates all human beings.
Official website here: www.spac.org
Who is the CEO of Saratoga Performing Arts Center Inc?
Elizabeth Sobol is the Chair of Saratoga Performing Arts Center Inc. The CEO's salary of Saratoga Performing Arts Center Inc is $460,930 and their total compensation is $530,109.
Official website here: www.spac.org
What is the revenue of Saratoga Performing Arts Center Inc?
Saratoga Performing Arts Center Inc's revenue in 2022 was $12,352,299.
Official website here: www.spac.org
Who are the executives of Saratoga Performing Arts Center Inc and what are their salaries?
The average compensation at Saratoga Performing Arts Center Inc during 2022 was $7,490. There are 436 employees and 250 volunteers at Saratoga Performing Arts Center Inc.
Here are 35 key members and their salaries (Saratoga Performing Arts Center Inc's CEO's salary is $460,930 and their total compensation is $530,109):
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Official website here: www.spac.org
Where can I find the form 990 for Saratoga Performing Arts Center Inc?
Saratoga Performing Arts Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spac.org
Learn more at the official website: www.spac.org
Mission Statement of Saratoga Performing Arts Center Inc
Saratoga Performing Arts Center Inc, also known as SPAC, has been a beacon of artistic excellence and vibrant performances for over five decades. Nestled in the heart of the glorious natural world, this esteemed organization has been the summer home for New York City Ballet and The Philadelphia Orchestra, and the location of more than a thousand world-class artistic presentations spanning all genres.
As SPAC looks towards its next fifty years, it is embracing its role as a steward of its place in the natural world and the transformative power of beauty in human lives. The organization is committed to harnessing this power from both man-made and natural sources to foster deep connections between people and the planet. SPAC's mission extends beyond the performing arts, encompassing visual arts, literary arts, culinary arts, healing arts, and more.
Through its work in the realm of art, artists, and the community, SPAC seeks to educate, reveal, inspire, and serve the beauty that connects, respects, and elevates all human beings. The organization is dedicated to presenting diverse and engaging artistic performances that enrich the community, fostering a deeper appreciation for the arts and their ability to bring people together.
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Impact
October, 2024
Saratoga Performing Arts Center Inc plays a pivotal role in enriching the cultural landscape of Saratoga Springs, NY, by presenting a diverse array of artistic performances that deeply engage the community. With a rich history spanning over 50 years, SPAC serves as a premier venue for renowned artists and ensembles, including the Philadelphia Orchestra and the New York City Ballet, showcasing around 70-80 events annually. Each year, it reaches over 350,000 audience members, fostering a profound appreciation for various art forms, including dance, opera, jazz, rock and roll, and chamber music.
The center's commitment extends beyond mere entertainment; it aims to cultivate a deeper understanding of the arts among its members and the broader community. By creating a space where people can connect with transformative performances, SPAC not only enhances the cultural vitality of the region but also promotes personal and communal connections. Its emphasis on the interplay between art and the natural environment highlights a unique stewardship role, inspiring individuals to appreciate both the beauty of artistic expression and the natural world.
As SPAC looks to the future, it continues to embrace an expanding definition of the arts, integrating performing, visual, literary, culinary, and healing arts. This holistic approach underscores the center's dedication to education, inspiration, and community service, making it a vital force in elevating the human experience through artistic engagement.
This information is meant to be a general summary of Saratoga Performing Arts Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $407,244
- Program Service Revenue: $3,166,679
- Gross Receipts: $14,759,608
Assets and Liabilities:
- Total Assets: $30,854,112
- Total Liabilities: $5,207,220
- Net Assets: $25,646,892
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$2,840,761
BOX OFFICE SERVICE FEES
Revenue
$325,918
Organization Details
Founding Year
1962
Phone
(518) 584-9330Principal Officer
Elizabeth Sobol
Main Address
108 AVENUE OF THE PINES, SARATOGA SPRINGS, NY, 12866
Website
www.spac.orgNTEE Category
Code: A610 - Arts
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