NonprofitsTroy Savings Bank Music Hall Corporation

Troy Savings Bank Music Hall Corporation

TROY, NY

Total revenue

$5.5M

Total expenses

$3.3M

Net assets

$3.4M

Grants received

$922K

55 grants

EIN

222270512

Tax year

2023

Mission

The mission of the troy savings bank music hall corporation is to enrich the community and inspire passion for the creative arts by fostering diverse, engaging, inclusive, and transformative cultural experiences through performances, collaboration, community events, and education.

Programs

2 programs

Rentals and recordings - the troy savings bank music hall corporation acts as a community resource by renting the music hall and providing production support services to community groups, performing arts entities, and artists for performances and recordingsessions.

Expenses: $274K

Community programming - the troy savings bank music hall corporation partners with the local school system to provide arts in education programming to the student population in the region and provides administrative and programming support services for arts based community groups.

Expenses: $626K

Financials

FY 2023

Revenue

Contributions & grants$2.2M
Program service revenue$2.0M
Investment income$95K
Other revenue$1.3M
Total revenue$5.5M

Expenses

Grants paid
Salaries & benefits$815K
Fundraising$115K
Other expenses$2.5M
Total expenses$3.3M
Total assets$5.1M
Net assets$3.4M

People

13 listed

NameRoleCompensation

JON ELBAUM

EXECUTIVE DIRECTOR

Board

$110K

40 hrs/wk

STACEY BRIDGE

ASSOCIATE DIRECTOR

Board

$89K

40 hrs/wk

MICHELLE HOGAN

SECRETARY

Board

1 hrs/wk

PAUL FAHEY

TREASURER

Board

1 hrs/wk

JULIA ALSARRAF

DIRECTOR

Board

1 hrs/wk

MAUREEN CLARKE

DIRECTOR

Board

1 hrs/wk

SCOTT SAUER

PRESIDENT

Board

1 hrs/wk

KARL MOSCHNER

DIRECTOR

Board

1 hrs/wk

NANCY RIDER

DIRECTOR

Board

1 hrs/wk

LESLIE CHEU

MUSIC HALL FOUNDATION REP

Board

1 hrs/wk

LYNNE MAHONEY

DIRECTOR

Board

1 hrs/wk

ALAN J GOLDBERG

DIRECTOR

Board

1 hrs/wk

DORI MCDANNOLD

VICE PRESIDENT

Board

1 hrs/wk

Independent contractors

ARCHITECTURE

$347K

DUNCAN & CAHILL

$166K

LIVE SOUND INC

$136K

Grants received

Showing 55 of 55

FromAmountPurposeYear
$33K
RENSAISSANCE 150: HISTORIC TRANSFORMATION CAPITAL PROJECT
2024
$31K
SUPPORT OF THE ARTS
2024
$12K
GRANTS REQUESTED BY DONOR AND APPROVED BY CFGCR: IN SUPPORT OF THE RENAISSANCE 150 CAMPAIGN
2024
$307K
ORGANIZATION SUPPORT
2023
$35K
GENERAL OPERATING SUPPORT
2023
$25K
GRANT AWARDED PER THE RECOMMENDATION OF A DONOR ADVISOR AND APPROVED BY CFGCR FOR UNRESTRICTED USE
2023
$22K
SUPPORT OF THE ARTS
2023
$11K
MAINTAIN AND PROMOTE MUSIC AND EDU
2023
$11K
GRANT APPROVED BY CFGCR FOR ACCESSIBILITY UPGRADES FOR TROY MUSIC HUB
2023
$9K
PERFORMING ARTS PRESENTING AND TOURING
2023
$5K
2023-24 SEASON PROGRAMMING, FEATURING ARTS IN EDUCATION
2023
$5K
CHARITABLE PURPOSE
2023
$2K
TROY SAVINGS BANK MUSIC HALL EDUCATION & OUTREACH PROGRAMS
2023
$500
GENERAL NEEDS
2023
$500
SUMMER PROGRAMMING
2023
$213
ORGANIZATION SUPPORT
2023
$75
MATCHING GIFTS
2023
$75K
GENERAL OPERATING SUPPORT
2022
$25K
GRANT AWARDED PER THE RECOMMENDATION OF A DONOR ADVISOR AND APPROVED BY CFGCR FOR UNRESTRICTED USE
2022
$12K
SUPPORT OF THE ARTS
2022
$8K
MAINTAIN AND PROMOTE MUSIC AND EDUCATION LOCALLY
2022
$7K
PERFORMING ARTS PRESENTING AND TOURING;
2022
$5K
GENERAL OPERATING SUPPORT
2022
$5K
CHARITABLE PURPOSE
2022
$2K
TROY SAVINGS BANK MUSIC HALL EDUCATION & OUTREACH PROGRAMS
2022
$1K
NYS HISTORICAL MARKER
2022
$200
MATCHING GIFTS
2022
$150
UNRESTRICTED
2022
$10K
GENERAL OPERATING SUPPORT
2021
$5K
TROY MUSIC HALL RESTART
2021
$5K
GENERAL OPERATING SUPPORT
2021
$25K
IN MEMORY OF ALANE HOHENBERG
2020
$15K
GENERAL OPERATING SUPPORT
2020
$12K
SUPPORT OF THE ARTS
2020
$6K
CHARITABLE CONTRIBUTION
2020
$5K
CHARITABLE PURPOSE
2020
$5K
TO MEET FINANCIAL AND MISSION CHALLENGES DUE TO COVID 19
2020
$5K
FOR THE CAPITAL CAMPAIGN
2020
$3K
MAINTAIN AND PROMOTE MUSIC AND EDUCATION LOCALLY
2020
$2K
UNRESTRICTED
2020
$1K
FOR GENERAL YEAR-END SUPPORT12122020
2020
$275
UNRESTRICTED
2020
$150
MIP PAYOUT FOR 12/12/19
2020
$4K
BUILDING CONDITION SURVEY
2019
$123K
PROGRAM SUPPORT
2018
$5K
UNRESTRICTED
2018

Funded by

$922K from 26 funders · 55 grants · 2017–2024

The Troy Savings Bank Music Hall Fo

$307K · 2 grants · 2023

Troy Redevelopment Foundation Inc

$125K · 3 grants · 2020–2023

The Troy Savings Bank Charitable Fo

$123K · 1 grant · 2018

The Community Foundation For The Greater

$108K · 8 grants · 2020–2024

Upstate Theater Coalition

$76K · 4 grants · 2020–2024

The Mccarthy Charities Inc

$66K · 9 grants · 2018–2024

The Tuthill Family Foundation

$21K · 3 grants · 2020–2023

Mid Atlantic Arts Inc

$16K · 2 grants · 2022–2023

Details

EIN222270512
Subsection03
Ruling date1979-12
Formed1979
Employees34
Volunteers123
TROY SAVINGS BANK MUSIC HALL CORPORATION — Mission, Financials & Grants Received | Grantivo