SARATOGA PERFORMING ARTS CENTER INC Charity Report

Public IRS 990 nonprofit record

SARATOGA PERFORMING ARTS CENTER INC

EIN 14-1466353 · Arts, Culture & Humanities (A610)

What they do

for OVER 57 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 THE FUTURE, 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 HUMAN-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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $75.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.64%of revenue went to mission work75.3% of expenses · Program services

6.93%of revenue went to fundraising7.3% of expenses

$95.09spent for every $100 of revenueRevenue covered expenses this year.

16.52%of revenue went to management and office costs17.4% of expenses

$2.32in assets for every $1 spent this yearSome assets cannot be spent right away.

41.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $656,374 for ELIZABETH SOBOL (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$16,403,544

Mission workProgram services$11,752,07571.64% of revenue75.3% of expenses

ManagementOffice and general costs$2,709,81716.52% of revenue17.4% of expenses

FundraisingAsking for donations$1,136,1856.93% of revenue7.3% of expenses

Revenue left after expensesReported annual surplus$805,4674.91% of revenueShown in gray on the chart

Total expenses$15,598,07795.09% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 75.3% mission · 17.4% management · 7.3% fundraisingTotal expenses: 95.09% of revenue

2023Expense mix: 76.7% mission · 16.1% management · 7.1% fundraisingTotal expenses: 87.72% of revenue

2022Expense mix: 76.5% mission · 17.1% management · 6.4% fundraisingTotal expenses: 94.42% of revenue

2021Expense mix: 67.3% mission · 23.3% management · 9.4% fundraisingTotal expenses: 56.83% of revenue

2020Expense mix: 37.8% mission · 46.9% management · 15.2% fundraisingTotal expenses: 34.56% of revenue

2019Expense mix: 74.6% mission · 18.9% management · 6.5% fundraisingTotal expenses: 85.01% of revenue

2018Expense mix: 78.0% mission · 15.1% management · 6.9% fundraisingTotal expenses: 97.73% of revenue

2017Expense mix: 79.5% mission · 14.2% management · 6.4% fundraisingTotal expenses: 101.12% of revenue

Money in and money out

Revenue$16,403,544

Expenses$15,598,077

Annual surplus $805,467 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$11,752,075 · 75.3% of expenses

Management and office costs$2,709,817 · 17.4% of expenses

Fundraising$1,136,185 · 7.3% of expenses

See all reported dollar amounts

Revenue$16,403,544

Expenses$15,598,077

Assets$36,134,759

Income$18,803,417

Contributions$6,850,832

Mission work (program services)$11,752,075

Fundraising$1,136,185

Management and general$2,709,817

Stocks and bonds$14,044,915

Accounting fees$33,860

Investing fees$79,627

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ELIZABETH SOBOLPRESIDENT AND CEO · 60 hrs/week $656,374Base $578,463 · Other $77,911

LESLIE COLEMAN-SMITHGENERAL MANAGER · 60 hrs/week $271,306Base $211,103 · Other $60,203

EDWARD JAY LAFOND CPACHIEF FINANCIAL OFFICER · 60 hrs/week $195,961Base $167,621 · Other $28,340

DENNIS MOENCHVICE PRESIDENT OF EDUCATION · 50 hrs/week $144,405Base $106,938 · Other $37,467

CHRIS SHILEYVICE PRESIDENT, ARTISTIC P · 50 hrs/week $141,815Base $126,098 · Other $15,717

KRISTEN GODETTE VENTREVICE PRESIDENT OF COMMUNICATIONS · 50 hrs/week $120,868Base $101,405 · Other $19,463

ROBERT MINKSTAGE HAND · 50 hrs/week $100,225Base $100,196 · Other $29

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

ELIZABETH SOBOLPRESIDENT AND CEO

LESLIE COLEMAN-SMITHGENERAL MANAGER

EDWARD JAY LAFOND CPACHIEF FINANCIAL OFFICER

DENNIS MOENCHVICE PRESIDENT OF EDUCATION

CHRIS SHILEYVICE PRESIDENT, ARTISTIC P

KRISTEN GODETTE VENTREVICE PRESIDENT OF COMMUNICATIONS

ROBERT MINKSTAGE HAND

STEPHEN VERRAL MDDIRECTOR

STEPHANIE MARKOWICHDIRECTOR

SUJATA N CHAUDHRYDIRECTOR

SONNY BONACIODIRECTOR

SHARYN NEBLEDIRECTOR

SUSAN LAW DAKEDIRECTOR

SEAN LEONARDTREASURER

WILL ALDRICHDIRECTOR

SALLY BOTTDIRECTOR

RICHARD HIGGINSDIRECTOR

RAIMUNDO ARCHIBOLDDIRECTOR

NORMA MEACHAMDIRECTOR

LISA VALLENDORFDIRECTOR

WILLIAM MCELLENDIRECTOR

JEFFERY RIDHADIRECTOR

ELEANOR K MULLANEYDIRECTOR

ANTHONY R IANNIELLO ESQDIRECTOR

CARL DEBRULEVICE CHAIR

CHARLES WAIT JRCHAIR

CHET OPALKADIRECTOR

CHRIS MACKEYDIRECTOR

CJ DECRESCENTEDIRECTOR

DONALD J MCCORMACKDIRECTOR

DR L OLIVER ROBINSONDIRECTOR

KEELEY ARDMAN DESALVODIRECTOR

GEORGE R HEARST IIIDIRECTOR

GERALDINE GOLUBDIRECTOR

GRANT WILSEADIRECTOR

HEATHER MABEEDIRECTOR

JASON WARDDIRECTOR

ANDREA SPUNGENDIRECTOR

JUDY HARRIGANSECRETARY

About this charity

Recognized since: January 1963
Location: 108 AVENUE OF THE PNES, SARATOGA SPGS, NY 12866-6220
County: Saratoga
In care of: ELIZABETH SOBOL
Primary officer: ELIZABETH SOBOL, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(518) 584-9330

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BST & CO CPAS LLP
NTEE classification: Arts, Culture & Humanities (A610)