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Troy Savings Bank Music Hall Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222270512 ✦ Troy, NY ✦ Designated as a 501(c)(3)

Overview

What is Troy Savings Bank Music Hall Corp?

Troy Savings Bank Music Hall Corp is a nonprofit organization situated in Troy, New York, specifically at 30 Second Street. Their primary mission is to foster the development and appreciation of the musical arts within the community. They accomplish this by presenting various concerts and entertainment activities, often annual and free events, in a diverse range of genres. The organization holds these events at the historic Troy Savings Bank Music Hall. Furthermore, Troy Savings Bank Music Hall Corp encourages association between music enthusiasts and promotes other fine arts, such as the dramatic and performing arts, graphic arts, and more, aiming to enhance the intellectual, cultural, and aesthetic appreciation of the population. The organization employs a team of 33 individuals.


Official website here: www.troymusichall.org

Is Troy Savings Bank Music Hall Corp legitimate?

Troy Savings Bank Music Hall Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy Savings Bank Music Hall Corp 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.

Here are some key statistics you may want to consider:

Executive Compensation: $171,830
Professional Fundraising Fees: $0
Other Salaries and Wages: $346,906

For more financial information, click here


Official website here: www.troymusichall.org

What is the mission statement of Troy Savings Bank Music Hall Corp?

The Troy Savings Bank Music Hall Corporation's mission is centered around fostering the growth of musical appreciation within the community. They accomplish this by organizing concerts and various musical programs, aiming to instill knowledge and love for music in the population. The corporation also encourages the association of music enthusiasts, and promotes a wide range of artistic expressions, including dramatic and performing arts, graphic arts, and other fine arts. Their ultimate goal is to enhance the intellectual, cultural, and aesthetic appreciation of music among the community members.


Official website here: www.troymusichall.org

Who is the CEO of Troy Savings Bank Music Hall Corp?

Scott Sauer is the President of Troy Savings Bank Music Hall Corp.


Official website here: www.troymusichall.org

What is the revenue of Troy Savings Bank Music Hall Corp?

Troy Savings Bank Music Hall Corp's revenue in 2022 was $2,615,236.


Official website here: www.troymusichall.org

Who are the executives of Troy Savings Bank Music Hall Corp and what are their salaries?

The average compensation at Troy Savings Bank Music Hall Corp during 2022 was $15,719. There are 33 employees and 129 volunteers at Troy Savings Bank Music Hall Corp.

Here are 14 key members and their salaries:

    Jon Elbaum (Executive Di)
  • Compensation: $101,812
  • Related: $0
  • Other: $0

    • Stacey Bridge (Associate Di)
  • Compensation: $68,179
  • Related: $0
  • Other: $0

    • Scott Sauer (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dori Mcdannold (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martha Nielsen (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Fahey (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Duncan Barrett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan J Goldberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Higbee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Hogan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynne Mahoney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Mcnamee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walter Thorne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Micheileen Treadwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.troymusichall.org

    Where can I find the form 990 for Troy Savings Bank Music Hall Corp?

    The Troy Savings Bank Music Hall Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.troymusichall.org

    Learn more at the official website: www.troymusichall.org

    Mission Statement of Troy Savings Bank Music Hall Corp

    Troy Savings Bank Music Hall Corp is committed to fostering the growth and appreciation of the musical arts within the community. Their mission is multifaceted, encompassing the provision of concerts and musical programs, the inculcation of musical knowledge and appreciation among the population, and the encouragement of association among music enthusiasts. Moreover, they strive to promote not just music, but also the dramatic and performing arts, graphic arts, and other fine arts. The ultimate goal is to enhance the intellectual, cultural, and aesthetic appreciation of the community, thereby contributing to its overall development.

    Impact

    This information is meant to be a general summary of Troy Savings Bank Music Hall Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Troy Savings Bank Music Hall Corp has a significant impact on the community by fostering the development and appreciation of the musical arts. Through its concerts and entertainment activities, the organization provides a platform for artists to showcase their talents and for audiences to immerse themselves in a diverse range of genres. Additionally, by promoting the performing arts and other fine arts, Troy Savings Bank Music Hall Corp enhances the intellectual, cultural, and aesthetic appreciation of the population. This commitment to fostering creativity and cultural enrichment contributes to a vibrant and enriched community life in Troy, NY.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,004
  • Program Service Revenue: $1,048,435
  • Gross Receipts: $2,615,236

    • Assets and Liabilities:
  • Total Assets: $2,088,126
  • Total Liabilities: $818,142
  • Net Assets: $1,269,984
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TICKET SALES

    Revenue

    $706,163

    TICKET HANDLING FEES

    Revenue

    $120,906

    ARTS IN EDUCATION

    Revenue

    $106,475

    HALL RENTAL

    Revenue

    $45,500

    CONCESSION

    Revenue

    $29,461

    Organization Details

    Founding Year

    1979

    Principal Officer

    Scott Sauer

    Main Address

    30 SECOND STREET, TROY, NY, 12180

    NTEE Category

    Code: A61 - Arts

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