Hackensack Performing Arts Center INC EIN 83-1575749 Form 990 (PDF) Claim this org

Hackensack Performing Arts Center INC

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Hackensack Performing Arts Center INC is an arts and culture nonprofit based in Hackensack, NJ. For fiscal year 2024 it reported $252K in revenue, $248K in expenses, and $36K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Hackensack, NJ
Website
hacpac.org
Filings
3 on file (2022–2024)
Revenue
$252KFY2024
Expenses
$248K
Net assets
$36K
People
9
Filings
3
Updates
0
More identity details & actions ⌄
EIN  83-1575749 Public charity (501(c)(3)) Hackensack, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
Robert Halsch · Treasurer
Money in and out
$252K revenue, $248K expenses
Bottom line
92% program efficiency
Where the money goes · FY2024
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$248K
Pt IX · Ln 25
Net assets
$36K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ +107% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$252K
FY2024▲ +42%
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$248K
Pt IX · Ln 25
Net assets
$36K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4K
Total assetsPt X · Ln 16$36K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $228K of program spending, described in the organization's own filed words · FY2024.
01

Community arts and education

$228Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHackensack Performing Arts Center INC
EINHdr · item D83-1575749
Principal addressHdr · item CHackensack, NJ
WebsiteHdr · item Jhacpac.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A61)
Ruling yearIRS BMFAug 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$167K · 66%
Contributions & grants$85K · 34%
Program service revenue66%$167K
Contributions & grants34%$85K
Investment income$6
Total revenueLn 12$252K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$228K
Management & general8%$20K
Total functional expensesLn 25$248K

Balance Sheet

Part X · end of year
CashLn 1$36K
Total assetsLn 16$36K
Total liabilitiesLn 26$0
Total net assetsLn 32$36K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36K · Operating expenses/yr $248K
1.8 months
Where the money goes
Program services
Program services $228K · Total expenses $248K
92%
Management & General
Management & general $20K · Total expenses $248K
8%
Fundraising
Fundraising $0 · Total expenses $248K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $85K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $85K · Total revenue $252K
34%
Government reliance
Government grants — · Total revenue $252K
Earned-income share
Program service revenue $167K · Total revenue $252K
66%
Investment reliance
Investment income $6 · Total revenue $252K
<0.01%
Program self-sufficiency
Program service revenue $167K · Total expenses $248K
67%
Growth & trend
Revenue growth (YoY)
This year $252K · Prior year $177K
+42%
Net-asset trend (YoY)
End of year $36K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $252K · Expenses $248K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $36K
Net-asset ratio
Net assets $36K · Total assets $36K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $36K
0%
People & payroll
Highest Reported Total Compensation
Individual Robert Halsch · Reported title TREASURER · Highest reported compensation $0 · Total expenses $248K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $54K · Total expenses $248K
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 42%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$252K revenue · viewing · ⤓ 990 PDF
FY2023$177K revenue · ⤓ 990 PDF
FY2022$92K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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