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TROY SAVINGS BANK MUSIC HALL CORPORATION
TROY, NY · EIN 222270512 · Form 990 · FY2024 · Large ($10M-$50M) · troymusichall.org
revenue
$10.4M
expenses
$2.4M
net assets
$11.5M
employees
40
volunteers
140
program ratio
77%
mission · from form 990

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.

profile · synthesized from sources

The Troy Savings Bank Music Hall Corporation operates a historic performance venue in Troy, NY, presenting a diverse range of concerts and cultural events. It serves the community by hosting professional artists and ensembles, offering educational programming in partnership with schools, and providing access to the arts through outreach initiatives. The organization emphasizes inclusive, transformative cultural experiences for audiences of all ages.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $265K
    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.
  2. #2 $205K
    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.
named programs · 4 · from sources

What they call their work

Arts-Integrated Learning Programs
Offers school partnerships, artist masterclasses, workshops, and educational performances aligned with academic standards
Community Event Partnerships
Provides venue and administrative support for community groups, performing arts entities, and local organizations
Troy Chromatic Concerts
Annual concert series presenting classical music performances by internationally acclaimed artists and ensembles at the Troy Savings Bank Music Hall since 1894
Unison: Student & Families Membership Program
Provides free or discounted tickets to qualifying students and families to increase access to performances
activities · 6 groups

What they do

  • Community Art Education Workshops 1 activity
    • Delivering arts-in-education programs to schools
      Delivers hundreds of arts enrichment and interactive programs to schools annually through collaboration with teaching artists and partners with the local school system to provide arts in education programming to students.
  • Community Music Performances & Education 1 activity
    • Offering student and youth access programs
      Provides free seats to qualifying students and families for musical performances through the Unison Student & Families Program and offers annual workshops and classes that connect students of all ages with local and world-renowned artists to develop artistic skills.
  • Free Outdoor Music Concerts 1 activity
    • Operating recurring public music and family event programs
      Organizes and presents recurring event series including the Barker Park Kids Series and the Summer Square Series, which provide family-friendly and outdoor concert experiences in community spaces.
  • Classical and Chamber Music Performances 1 activity
    • Presenting annual performance series and concerts
      Presents a full season of performances annually, including the Troy Chromatic Concerts series featuring internationally celebrated classical artists and ensembles, as well as special concerts featuring new musical commissions by composers such as Katie Jenkins and Thierry Escaich.
  • Performing Arts Venue Rental 1 activity
    • Renting venue and providing production support
      Rents the Music Hall and provides production support services to community groups, performing arts entities, and artists for performances and recording sessions, supporting broader community use of the facility.
  • Uncategorized 1 activity
    • Providing ticket sales and box office services
      Operates a physical box office at 32 Second Street in downtown Troy, open Monday through Friday from 10 AM to 2 PM for in-person ticket sales, and offers online ticket sales available 24/7.
financials · form 990 · fy2024
revenue
Total revenue$10.38M
Contributions & grants$8.63M83%
Program service revenue$1.29M12%
Investment income$124K1%
Other revenue$329K
expenses
Total expenses$2.36M
Program expenses77%
Admin / overhead21%
Fundraising2%
Salaries & benefits$810K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$14.62M
Cash$500K
Investments$1.31M
Liabilities$3.14M
Net assets$11.49M
Liquid reserves9.2 mo
6 years on record · 2019–2024 · YoY revenue +88.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
JON ELBAUM EXECUTIVE DIRECTOR 40 $116K
STACEY BRIDGE MANAGING DIRECTOR 40 $92K
board members · 11
  • ALAN J GOLDBERG — DIRECTOR
  • DORI MCDANNOLD — VICE PRESIDENT
  • JULIA ALSARRAF — DIRECTOR
  • KARL MOSCHNER — DIRECTOR
  • LESLIE CHEU — DIRECTOR
  • LYNNE MAHONEY — DIRECTOR
  • MAUREEN CLARKE — DIRECTOR
  • MICHELLE HOGAN — SECRETARY
  • NANCY RIDER — DIRECTOR
  • PAUL FAHEY — TREASURER
  • SCOTT SAUER — PRESIDENT
relationships · 9

Who they work with

  • Academy of St Martin in the Fields Chamber Orchestra Partner — Presented in performance at the Troy Savings Bank Music Hall
  • BOCES Arts & Enrichment Network — Troy Savings Bank Music Hall is a registered provider in the BOCES Arts & Enrichment program, offering arts-enriched educational services to schools.
  • Barker Park Partner — Hosts the Barker Park Kids Series in partnership with the organization.
  • Local School System Partner — Partners with the local school system to deliver arts in education programming to students.
  • Midori Partner — Presented in performance at the Troy Savings Bank Music Hall
  • National Symphony Orchestra of Ukraine Partner — Presented in performance at the Troy Savings Bank Music Hall
  • Orpheus Chamber Orchestra Partner — Presented in performance at the Troy Savings Bank Music Hall
  • Sharon Isbin Partner — Presented in performance at the Troy Savings Bank Music Hall
  • Yulianna Avdeeva Partner — Presented in performance at the Troy Savings Bank Music Hall
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Arts-Integrated Learning with Academic Alignment
    methodology: arts_integrated_learning
    By integrating arts programming into academic curricula and aligning performances and workshops with educational standards, the organization enhances student learning because creative engagement reinforces classroom instruction and improves educational outcomes.
  • Community-Engaged Cultural Programming
    methodology: community_engaged_programming
    By presenting diverse live performances and collaborative community events in accessible formats and spaces, the organization fosters inclusive cultural experiences because shared artistic engagement builds community connection and inspires sustained public interest in the arts.