Civic Intelligence

National Comedy Center Operator Inc.

990 • Fiscal year 2019 • EIN 82-0774057

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileCOMEDYCENTER.ORG
2 West Third StreetJamestown, NY 14701

(716) 484-0800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

9.44x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

3rd percentile

-73%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

17th percentile

$131,505

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

11th percentile

-5.6%

Faster asset growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-68%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$27,242,253

Down $1,629,155 (-5.6%) from 2018

Net Assets

Down

$4,655,418

Down $1,736,717 (-27%) from 2018

Liabilities

Up

$22,586,835

Up $107,562 (+0.5%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin3rd percentile

Revenue

Down

$2,393,602

Down $4,989,249 (-68%) from 2018

Expenses

Up

$4,130,319

Up $1,628,057 (+65%) from 2018

Net Income

Down

-$1,736,717

Down $6,617,306 (-136%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2017: $27,904,540Liabilities 2017: $26,392,993Net Assets 2017: $1,511,5472017Assets 2018: $28,871,408Liabilities 2018: $22,479,273Net Assets 2018: $6,392,1352018Assets 2019: $27,242,253Liabilities 2019: $22,586,835Net Assets 2019: $4,655,4182019Assets 2020: $25,921,176Liabilities 2020: $22,936,435Net Assets 2020: $2,984,7412020Assets 2021: $24,581,570Liabilities 2021: $23,046,453Net Assets 2021: $1,535,1172021Assets 2022: $23,972,241Liabilities 2022: $23,012,639Net Assets 2022: $959,6022022Assets 2023: $22,122,589Liabilities 2023: $22,882,733Net Assets 2023: -$760,1442023Assets 2024: $20,243,522Liabilities 2024: $414,439Net Assets 2024: $19,829,0832024

Highlighted filing

2019

Assets$27,242,253
Liabilities$22,586,835
Net Assets$4,655,418
Open 2019 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2017: $1,906,691Expenses 2017: $395,144Net Income 2017: $1,511,5472017Revenue 2018: $7,382,851Expenses 2018: $2,502,262Net Income 2018: $4,880,5892018Revenue 2019: $2,393,602Expenses 2019: $4,130,319Net Income 2019: -$1,736,7172019Revenue 2020: $1,968,343Expenses 2020: $3,639,020Net Income 2020: -$1,670,6772020Revenue 2021: $2,926,105Expenses 2021: $4,375,729Net Income 2021: -$1,449,6242021Revenue 2022: $5,147,483Expenses 2022: $5,722,997Net Income 2022: -$575,5142022Revenue 2023: $3,479,455Expenses 2023: $5,199,201Net Income 2023: -$1,719,7462023Revenue 2024: $25,804,935Expenses 2024: $5,215,708Net Income 2024: $20,589,2272024

Highlighted filing

2019

Revenue$2,393,602
Expenses$4,130,319
Net Income-$1,736,717
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$2,651,602
Mission and Program Overview

Mission

The mission of the national comedy center is to provide education on the comedic arts in the form of commentary and contextualization of its bodies of work, telling the vital story of comedy in america across all eras and genres of the art form. As a non-profit cultural institution, the museum celebrates comedy's great minds and unique voices, while providing an examination of the time-honed creative processes that have elevated comedy to an art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,362,735$25,906,351▼ $1,456,384
Savings and Temporary Cash Investments$962,511$774,982▼ $187,529
Intangible Assets$197,804$197,703▼ $101
Cash and Non-Interest-Bearing Accounts$136,089$181,451▲ $45,362
Inventories for Sale or Use$142,533$171,536▲ $29,003
Prepaid Expenses and Deferred Charges$25,103$5,193▼ $19,910
Accounts Receivable$44,633$5,037▼ $39,596
Total Assets$28,871,408$27,242,253▼ $1,629,155
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,188,105$22,221,693▲ $33,588
Accounts Payable and Accrued Expenses$163,374$237,348▲ $73,974
Unsecured Notes Loans Payable$127,794$127,794→ $0
Total Liabilities$22,479,273$22,586,835▲ $107,562
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,392,135$4,655,418▼ $1,736,717
Total Net Assets Fund Balance$6,392,135$4,655,418▼ $1,736,717
Total Liabilities and Net Assets / Fund Balance$28,871,408$27,242,253▼ $1,629,155

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,523,052$659,979-
Equipment$8,383,299$1,414,661-
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Journey GundersonExecutive DirectorFT$131,505$131,505

Board Members and Trustees

NameTitle
George PanebiancoPresident
Louis DeppasVice President
Bill StevensonDirector
Holly SullivanDirector
Jon AlbroDirector
Michael CalimeriDirector
Tom BensonDirector
Cindy AronsonSecretary
Mike LatoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,489,170
Program Service Revenue
$971,392
Investment Income
$0
Other Revenue
$-66,960
All Other Contributions
$235,036
Change in Net Assets
$-1,736,717

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,393,602
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,393,602
Total Revenue per Form 990
$2,393,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,086,927
Salaries, Compensation, and Employee Benefits$1,043,392
Total Fundraising Expense$149,227
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,355,958$150,662-$1,506,620
Other Salaries and Wages$156,828$613,654$69,500$839,982
Advertising$454,989--$454,989
Occupancy$287,057$15,751$73,085$375,893
Interest$208,260$23,140-$231,400
Fees for Services Accounting$140,175$15,575-$155,750
Current Officers, Directors, Trustees, and Key Employees$91,200--$91,200
Insurance$77,516$8,613-$86,129
Payroll Taxes$20,749$46,797$4,449$71,995
Fees for Services Legal$42,031$4,670-$46,701
Travel$28,873$3,208-$32,081
Information Technology$24,862$2,602-$27,464
Other Expenses$23,048--$23,048
All Other Expenses$21,720$445-$22,165
Pension Plan Contributions$5,804$13,129$1,265$20,198
Other Employee Benefits$2,578$16,511$928$20,017
Office Expenses$5,173$575-$5,748
Total Functional Expenses$3,065,760$915,332$149,227$4,130,319

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,130,319
Total Expenses per Audited Statements$4,130,319
Total Expenses per Form 990$4,130,319
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is presented to the board of directors by the certified public accountant(s) that prepared the form. The form 990 is reviewed by the board of directors and formally approved prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is reviewed by the board of directors on a regular basis. When a conflict of interest is identified, a person who has a conflict of interest shall not participate in or be permitted to hear the board's discussion of the matter except to disclose material facts and to respond to questions. In addition, a person who has a conflict of interest with respect to a contract or transaction may not vote on the contract or transaction and shall not be present in the meeting room when the vote is taken.”

Form 990, Part VI, Section C, Line 18

“Form 990 is posted on guidestar for public to view”

Form 990, Part VI, Section C, Line 19

“Documents are not for public viewing”

Filing and Contact Details

Filer

Filer Name
National Comedy Center Operator Inc
EIN
82-0774057
Phone
7164840800
Address
2 WEST THIRD STREET, JAMESTOWN, NY 14701

Signing Officer

Name
George Panebianco
Title
President
Phone
7164840800
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Panebianco
Formed
2017
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
33
Volunteers
50

Preparer

Firm
Novogradac & Company Llp
Address
3025 NORTH WOOSTER AVE, DOVER, OH 44622
Preparer
David L Conway
Phone
3303655400
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The organization has an audit committee that assumes responsibility for oversight of the audit and selection of independent accountant.”

Financial Statement Notes

PART III, LINE 1A:

“Purchases for collections are recorded as expenditures for the acquisition of memorabilia in the statement of activities in the year in which the memorabilia acquired. Collections are open to the public, kept in a manner which protects the collection and if the collections are sold, if allowable by the donor agreement, the organization will reinvest the proceeds into other collections. In keeping with standard museum practice, the collections, which were acquired via purchases and contributions, are not recognized as assets on the statement of financial position.”

PART X, LINE 2:

“Ncco is exempt from federal income taxes under internal revenue code section 501(c)(3) and from new york income state income taxes. The preparation of financial statements in accordance with accounting principles generally accepted in the united states of america requires the organization to report information regarding its exposure to various tax positions taken by the organization. The organization has determined whether any tax positions have met the recognition threshold and has measured the organization's exposure to those tax positions. Management believes that the organization has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the organization are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.”

Raw XML AppendixShowing 400 of 519 raw XML fields

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IRS990/NetAssetsOrFundBalancesBOYAmt06392135
IRS990/NetAssetsOrFundBalancesEOYAmt04655418
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-67743
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-67743
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06392135
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04655418
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt073085
IRS990/OccupancyGrp/ManagementAndGeneralAmt015751
IRS990/OccupancyGrp/ProgramServicesAmt0287057
IRS990/OccupancyGrp/TotalAmt0375893
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0575
IRS990/OfficeExpensesGrp/ProgramServicesAmt05173
IRS990/OfficeExpensesGrp/TotalAmt05748
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0928
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016511
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02578
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020017
IRS990/OtherExpensesGrp/Desc0GROUP AND VENUE EXPENSE
IRS990/OtherExpensesGrp/Desc1COMEDY EVENT EXPENSE
IRS990/OtherExpensesGrp/Desc2KAROAKE BAR EXPENSE
IRS990/OtherExpensesGrp/Desc3ADMISSIONS EXPESE
IRS990/OtherExpensesGrp/ProgramServicesAmt051894
IRS990/OtherExpensesGrp/ProgramServicesAmt141074
IRS990/OtherExpensesGrp/ProgramServicesAmt225971
IRS990/OtherExpensesGrp/ProgramServicesAmt323048
IRS990/OtherExpensesGrp/TotalAmt051894
IRS990/OtherExpensesGrp/TotalAmt141074
IRS990/OtherExpensesGrp/TotalAmt225971
IRS990/OtherExpensesGrp/TotalAmt323048
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0783
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0783
IRS990/OtherRevenueTotalAmt0783
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt069500
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0613654
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0156828
IRS990/OtherSalariesAndWagesGrp/TotalAmt0839982
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04449
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt046797
IRS990/PayrollTaxesGrp/ProgramServicesAmt020749
IRS990/PayrollTaxesGrp/TotalAmt071995
IRS990/PensionPlanContributionsGrp/FundraisingAmt01265
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013129
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05804
IRS990/PensionPlanContributionsGrp/TotalAmt020198
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025103
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05193
IRS990/PrincipalOfficerNm0GEORGE PANEBIANCO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS AND TOURS
IRS990/ProgramServiceRevenueGrp/Desc1FESTIVAL PROGRAMMING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0836009
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1135383
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0836009
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1135383
IRS990/ProgSrvcAccomActy2Grp/Desc0GIFT SHOP
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0180220
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0190257
IRS990/ProgSrvcAccomActy3Grp/Desc0COMEDY SHOWS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt077780
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0836009
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06996236
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01655230
IRS990/PYOtherRevenueAmt0-18593
IRS990/PYProgramServiceRevenueAmt0405208
IRS990/PYRevenuesLessExpensesAmt04880589
IRS990/PYSalariesCompEmpBnftPaidAmt0847032
IRS990/PYTotalExpensesAmt02502262
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07382851
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1736717
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01086368
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0962511
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0774982
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt01086368
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt06872481
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt01906691
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt09865540
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01489170
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06996236
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01906691
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010392097
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01161649
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0535552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01697201
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0783
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0351
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01134
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt02223758
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01086368
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt06872481
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01906691
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt09865540
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02650819
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07531788
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01906691
IRS990ScheduleA/Total509Grp/TotalAmt012089298
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02651602
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07532139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01906691
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012090432
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt017523052
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0659979
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt018183031
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt08383299
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01414661
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt09797960
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04130319
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02393602
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PURCHASES FOR COLLECTIONS ARE RECORDED AS EXPENDITURES FOR THE ACQUISITION OF MEMORABILIA IN THE STATEMENT OF ACTIVITIES IN THE YEAR IN WHICH THE MEMORABILIA ACQUIRED. COLLECTIONS ARE OPEN TO THE PUBLIC, KEPT IN A MANNER WHICH PROTECTS THE COLLECTION AND IF THE COLLECTIONS ARE SOLD, IF ALLOWABLE BY THE DONOR AGREEMENT, THE ORGANIZATION WILL REINVEST THE PROCEEDS INTO OTHER COLLECTIONS. IN KEEPING WITH STANDARD MUSEUM PRACTICE, THE COLLECTIONS, WHICH WERE ACQUIRED VIA PURCHASES AND CONTRIBUTIONS, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NCCO IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND FROM NEW YORK INCOME STATE INCOME TAXES. THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025906351
IRS990ScheduleD/TotalExpensesPerForm990Amt04130319
IRS990ScheduleD/TotalRevenuePerForm990Amt02393602
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02393602
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04130319
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS BY THE CERTIFIED PUBLIC ACCOUNTANT(S) THAT PREPARED THE FORM. THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND FORMALLY APPROVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF DIRECTORS ON A REGULAR BASIS. WHEN A CONFLICT OF INTEREST IS IDENTIFIED, A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. IN ADDITION, A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS POSTED ON GUIDESTAR FOR PUBLIC TO VIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE NOT FOR PUBLIC VIEWING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NATIONAL COMEDY CENTER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0412030241

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,242,253
Liabilities
$22,586,835
Net assets
$4,655,418
Revenue
$2,393,602
Expenses
$4,130,319
Net income
-$1,736,717
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.2$0.41$19.8$25.8$5.22$20.6
2023Detailed filing. Detailed filing data is available for this year.$22.1$22.9$0.76$3.48$5.20$1.72
2022Detailed filing. Detailed filing data is available for this year.$24.0$23.0$0.96$5.15$5.72$0.58
2021Detailed filing. Detailed filing data is available for this year.$24.6$23.0$1.54$2.93$4.38$1.45
2020Detailed filing. Detailed filing data is available for this year.$25.9$22.9$2.98$1.97$3.64$1.67
2019Detailed filing. Detailed filing data is available for this year.$27.2$22.6$4.66$2.39$4.13$1.74
2018Detailed filing. Detailed filing data is available for this year.$28.9$22.5$6.39$7.38$2.50$4.88
2017Summary only. Only limited summary data is available for this year.$27.9$26.4$1.51$1.91$0.40$1.51