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Financial Statements

Financial

The South Orange Performing Arts Center is a 501(c) 3 nonprofit organization.

SOPAC had a $3 million financial budget in FY15, with just over 45% coming from contributed income. Donations and grants are critical to the success of nonprofit arts organizations, which cannot survive on ticket sales alone. Carnegie Hall and the Apollo Theater, for instance, derive over 60% of their annual revenue from contributed income.

As you can see above, SOPAC directs the bulk of its dollars towards programming to bring you amazing experiences in our main stage theatre, loft, gallery, and in the community. And remember, SOPAC not only spends locally, but by bringing in audiences from outside the community SOPAC pumps additional money into the local economy — over $1.5 million in 2015.

Financial Statements

Statements for fiscal years 2014 and 2015 are available to view from the link below. Additional documents can be made available upon request. 

2015 Statements (Audit) 

2014 Statements (Audit) 

Read all about NJ’s “Favorite Small Performing Arts Center” in SOPACNOW, the spring 2016 newsletter.

Flip through SOPACNOW below or click through to see the newsletter in full screen mode across your entire computer monitor. 

 

The South Orange Performing Arts Center is a 501(c) 3 nonprofit organization.

SOPAC had a $3 million financial budget in FY15, with just over 45% coming from contributed income. Donations and grants are critical to the success of nonprofit arts organizations, which cannot survive on ticket sales alone. Carnegie Hall and the Apollo Theater, for instance, derive over 60% of their annual revenue from contributed income.

As you can see above, SOPAC directs the bulk of its dollars towards programming to bring you amazing experiences in our main stage theatre, loft, gallery, and in the community. And remember, SOPAC not only spends locally, but by bringing in audiences from outside the community SOPAC pumps additional money into the local economy — over $1.5 million in 2015.