Walnut Hill Center For The Arts Inc
- Assets
- $70.3m
- Revenue
- $24.0m
- Investments
- $283.4k
- Employees
- 236
- Location
- Natick, MA
- Founding
- 01/1961
- Data as of
- 06/2023
- EIN
- 04-2103636
Organization Overview
Walnut Hill Center For The Arts Inc, operating under the name Walnut Hill School For The Arts, is located in Natick, MA. The organization was established in 1961. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Walnut Hill School For The Arts employed 236 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Hill School For The Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Walnut Hill School For The Arts generated $24.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $23.2m during the year ending 06/2023. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WALNUT HILL CENTER FOR THE ARTS EDUCATES AND TRAINS CREATIVE AND INTELLECTUALLY CURIOUS YOUNG ARTISTS TO MAKE AN ENDURING IMPACT ON THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL EXPENSES RELATED TO EDUCATING STUDENTS IN GRADES 9 THROUGH 12 WHILE AT SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 290 STUDENTS DURING THE FALL AND SPRING SEMESTERS. WALNUT HILL STUDENTS IMMERSE THEMSELVES DEEPLY IN THEIR ART, GUIDED BY HIGHLY ACCOMPLISHED PROFESSIONAL ARTISTS WHO HAVE DEDICATED THEMSELVES TO SUPPORTING YOUNG PEOPLE ON THEIR ARTISTIC JOURNEYS. THIS TIME SPENT MASTERING AN ARTISTIC DISCIPLINE IS BALANCED BY ENGAGEMENT IN A RIGOROUS COLLEGE-PREPARATORY CURRICULUM THAT CHALLENGES STUDENTS TO ASK BIG QUESTIONS, SOLVE COMPLEX PROBLEMS, AND EXPLORE TRADITIONAL ACADEMIC SUBJECTS THROUGH INNOVATIVE, HANDS-ON LESSONS.
STUDENT ACTIVITIES, THEATER AND MUSIC PRODUCTIONS, TUTORING, DORM LIFE AND FOOD SERVICE AND STUDENT CLUBS. THE SCHOOL ENROLLED APPROXIMATELY 290 STUDENTS DURING THE FALL AND SPRING SEMESTERS. OF THE 290 STUDENTS, APPROXIMATELY 208 STUDENTS LIVED ON-CAMPUS.
SUMMER AND OTHER PROGRAM EXPENSES FOR UNENROLLED STUDENTS, SUCH AS THE COMMUNITY ARTS PROGRAM. THE SUMMER PROGRAMS ENROLLED APPROXIMATELY 70 STUDENTS AMONG MANY DIFFERENT PROGRAMS SUCH AS DANCE, VISUAL ARTS, MUSIC, WRITING AND THEATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Viva Former Head Of School | 40 | $286,290 | |
Jane Segale CFO | Officer | 40 | $170,863 |
Tobey Fossey Chief Development Officer | 40 | $178,277 | |
Eric Barber Head Of School | Officer | 40 | $167,451 |
Jeanne O'rouke Chief Creative Officer | 40 | $129,996 | |
Elizabeth L Minnucci Director Of Health Services | 40 | $100,391 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Service | 6/29/23 | $2,123,971 |
Ounce It Llc Technology Support | 6/29/23 | $345,918 |
Lennox Roofing Inc Construction | 6/29/23 | $430,934 |
Hfr Painting Construction | 6/29/23 | $322,038 |
City Wide Of Boston Custodial Services | 6/29/23 | $292,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,330,427 |
| Noncash contributions included in lines 1a–1f | $21,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,330,427 |
| Total Program Service Revenue | $21,411,909 |
| Investment income | $661,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$69,076 |
| Net Gain/Loss on Asset Sales | -$383,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $83,481 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,034,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,589,319 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $554,167 |
| Compensation of current officers, directors, key employees. | $554,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,363,407 |
| Pension plan accruals and contributions | $346,535 |
| Other employee benefits | $756,502 |
| Payroll taxes | $557,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,892 |
| Fees for services: Accounting | $57,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,926 |
| Fees for services: Other | $378,318 |
| Advertising and promotion | $96,883 |
| Office expenses | $70,495 |
| Information technology | $444,433 |
| Royalties | $0 |
| Occupancy | $2,228,181 |
| Travel | $210,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,875 |
| Interest | $345,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,806,522 |
| Insurance | $205,568 |
| All other expenses | $476,292 |
| Total functional expenses | $23,172,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,945,792 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $7,326,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,272 |
| Prepaid expenses and deferred charges | $351,746 |
| Net Land, buildings, and equipment | $29,122,255 |
| Investments—publicly traded securities | $21,595,204 |
| Investments—other securities | $283,387 |
| Investments—program-related | $0 |
| Intangible assets | $358,670 |
| Other assets | $6,235,500 |
| Total assets | $70,288,735 |
| Accounts payable and accrued expenses | $1,488,397 |
| Grants payable | $0 |
| Deferred revenue | $13,165,344 |
| Tax-exempt bond liabilities | $8,966,503 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $456,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $373,102 |
| Total liabilities | $24,450,151 |
| Net assets without donor restrictions | $24,730,568 |
| Net assets with donor restrictions | $21,108,016 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $70,288,735 |