Classical Association Of New England
- Assets
- $2.3m
- Revenue
- $212.1k
- Investments
- $146.6k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 11/1970
- Data as of
- 06/2022
- EIN
- 04-6038680
Organization Overview
Classical Association Of New England is located in Providence, RI. The organization was established in 1970. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classical Association Of New England 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, Classical Association Of New England generated $212.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $79.6k during the year ending 06/2022. 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
EDUCATIONAL ASSOCIATION TO FOSTER THE STUDY OF THE CLASSICAL WORLD THROUGH THE ASSOCIATIONS MANY ACTIVITIES AND RESOURCES, INCLUDING THE ANNUAL MEETING, SCHOLARSHIPS, DESCRETIONARY GRANTS, CANE'S OWN PRESS AND NEW ENGLAND CLASSICAL JOURNAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTING EDUCATIONAL PROGRAMS, MEETINGS, LECTURES AND A SUMMER INSTITUTE PROGRAM FOR TEACHERS AND THE GENERAL PUBLIC.LECTURES BY FIRST CLASS SCHOLARS AND OF ACADEMIC FELLOWSHIP ON A COLLEGE CAMPUS ADDRESSING THE IDEA OF EVOLUTION IN ALL ASPECTS OF THE CLASSICAL WORLD, AND THE CONTINUING INFLUENCE OF ANCIENT THINKERS AND REVOLUTIONARIES ON MANY REVOLUTIONARY MOVEMENTS IN POLITICS, ART, LITERATURE AND SCHOLARSHIP IN OUR OWN TIME.
MAINTAINING OF ENDOWMENT, SCHOLARSHIP AND FELLOWSHIP FUNDS AND AWARDING SCHOLARSHIP AND FELLOWSHIP AMOUNTS FROM SAME
PURCHASING SUBSCRIPTIONS OF PROFESSIONAL JOURNALS FROM INCOME RECEIVED FOR THAT PURPOSE FROM MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lina Sears President | Officer | 4 | $0 |
Kevin Balestrini Secretary | Officer | 5 | $0 |
Ruth Breindel Treasurer | Officer | 10 | $0 |
Roger Stone Curator | Officer | 5 | $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 | $59,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,137 |
| Total Program Service Revenue | $53,091 |
| Investment income | $27,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,342 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,720 |
| Fees for services: Accounting | $9,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,873 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,234 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,659 |
| All other expenses | $0 |
| Total functional expenses | $79,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,106 |
| Savings and temporary cash investments | $26,761 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,014,692 |
| Investments—other securities | $146,631 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000,000 |
| Total assets | $2,311,190 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,789,761 |
| Net assets with donor restrictions | $521,429 |
| 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 | $2,311,190 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Classical Association Of New England has recieved totaling $63,874.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING | $36,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: CLASSICAL STUDIES | $27,874 |
Endowment Analysis
| Beg. Balance | $1,516,196 |
| Earnings | $49,421 |
| Admin Expense | $5,193 |
| Net Contributions | $29,559 |
| Grants | $700 |
| Ending Balance | $1,589,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhode Island Philharmonic Orchestra & Music School East Providence, RI | $15,804,954 | $5,398,910 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Hartford Symphony Orchestra Inc Hartford, CT | $12,831,218 | $4,378,736 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |
New Bedford Symphony Orchestra Association Inc New Bedford, MA | $4,865,407 | $2,823,621 |
Plymouth Philharmonic Orchestra Inc Plymouth, MA | $1,084,927 | $1,591,741 |
Boston Philharmonic Orchestra Corporation Boston, MA | $1,642,712 | $1,903,523 |
Boston Landmarks Orchestra Inc Somerville, MA | $1,272,017 | $1,379,233 |
Springfield Symphony Orchestra Springfield, MA | $7,735,857 | $1,188,178 |
Waterbury Symphony Orchestra Inc Watertown, CT | $3,077,562 | $1,156,070 |