Conservatory Lab Foundation Inc
- Assets
- $26.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Boston, MA
- Founding
- 05/1999
- Data as of
- 06/2022
- EIN
- 04-3443578
Organization Overview
Conservatory Lab Foundation Inc is located in Boston, MA. The organization was established in 1999. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 06/2022, Conservatory Lab Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conservatory Lab Foundation Inc 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 06/2022, Conservatory Lab Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 12.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO SUPPORT THE DISSEMINATION OF LEARNING THROUGH MUSIC AS AN EDUCATIONAL MODEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISED FUNDS TO BENEFIT THE PROGRAMS FOR THE DISSEMINATION OF LEARNING THRU MUSIC AS AN EDUCATIONAL MODEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Sheffield President, Class A Directo | OfficerTrustee | 3 | $0 |
Katharine M Pell Clerk | Officer | 2 | $0 |
John Paolella Treasurer | Officer | 0.25 | $0 |
Debra L Smith Director & Assistant Clerk | Trustee | 0.25 | $0 |
Gary Gut Class B Director | Trustee | 1 | $0 |
Bradley F Richardson Class B Director | Trustee | 1 | $0 |
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 | $572,503 |
| Noncash contributions included in lines 1a–1f | $8,043 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,503 |
| Total Program Service Revenue | $160,834 |
| Investment income | $117,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$227 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,251,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $237,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,744 |
| Pension plan accruals and contributions | $3,704 |
| Other employee benefits | $3,403 |
| Payroll taxes | $22,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,373 |
| Advertising and promotion | $7,213 |
| Office expenses | $1,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,162,082 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,714 |
| Insurance | $0 |
| All other expenses | $2,381 |
| Total functional expenses | $1,797,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,194,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,764,411 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,053,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,012,397 |
| Accounts payable and accrued expenses | $94,838 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,602,687 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,264,637 |
| Total liabilities | $23,962,162 |
| Net assets without donor restrictions | $2,040,209 |
| Net assets with donor restrictions | $10,026 |
| 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 | $26,012,397 |
Grants Awarded
Over the last fiscal year, Conservatory Lab Foundation Inc has awarded $951,187 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CONSERVATORY LAB CHARTER SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO LEARNING THROUGH MUSIC AND VIOLIN PROGRAMS | $583,739 |
East Boston, MA PURPOSE: TO PROVIDE ASSISTANCE TO DEVELOP A CENTER TO IMPROVE THE QUALITY OF EDUCATION LOCALLY AND NATIONALLY | $241,735 |
CLCS REALTY CORPORATION PURPOSE: TO PROVIDE ASSISTANCE TO BUILD A SCHOOL TO BE USED BY THE CONSERVATORY LAB CHARTER SCHOOL | $125,713 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Conservatory Lab Foundation Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,500 |
Endowment Analysis
| Beg. Balance | $5,526 |
| Ending Balance | $5,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Reform Now Advocacy Inc New York, NY | $9,049,502 | $13,254,867 |
Education Reform Now Inc New York, NY | $12,856,272 | $9,742,321 |
Zuckerman Institute Charitable Uta 09302015 New York, NY | $457,938 | $7,031,465 |
Calyx Institute Brooklyn, NY | $4,391,437 | $6,703,987 |
Campus Compact Boston, MA | $2,930,117 | $3,976,934 |
Eskolta School Research And Design Inc New York, NY | $3,454,540 | $3,524,860 |
Heterodox Academy New York, NY | $1,652,564 | $2,832,778 |
Center Of Complex Interventions Inc Wellesley, MA | $1,309,883 | $3,150,464 |
Center For Curriculum Redesign Boston, MA | $2,918,305 | $3,304,952 |
Security Council Report Inc New York, NY | $2,448,475 | $3,033,079 |
Rennie Center For Education Research & Policy Inc Boston, MA | $2,519,335 | $3,657,874 |
Conservatory Lab Foundation Inc Boston, MA | $26,012,397 | $3,251,807 |