Charter Oak Temple Restoration Association Inc
- Assets
- $3.4m
- Revenue
- $1.7m
- Investments
- $30.8k
- Employees
- 69
- Location
- Hartford, CT
- Founding
- 04/1981
- Data as of
- 12/2022
- EIN
- 06-1026597
Organization Overview
Charter Oak Temple Restoration Association Inc, operating under the name Charter Oak Cultural Center, is located in Hartford, CT. The organization was established in 1981. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Charter Oak Cultural Center employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter Oak Cultural Center 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 12/2022, Charter Oak Cultural Center generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 3.8% 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
CHARTER OAK CULTURAL CENTER, A BEAUTIFUL HISTORIC LANDMARK AND VIBRANT ARTS CENTER, DOING THE WORK OF SOCIAL JUSTICE THROUGH THE ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH ARTS INSTITUTE - OUR YOUTH ARTS INSTITUTE REACHED HUNDREDS OF HARTFORD INNER-CITY CHILDREN WITH CLASSES IN THE ARTS HELD BEFORE-SCHOOL, DURING-SCHOOL, AFTER-SCHOOL AND IN THE SUMMER, AS WELL AS EVENING PROGRAMS FOR FAMILIES, ALL FREE OF CHARGE. ALL OF OUR YOUTH ARTS INSTITUTE OFFERINGS ARE DESIGNED WITH THE OVERARCHING GOALS OF 1) PROMOTING SKILL ACQUISITION 2) HELPING CHILDREN MEET THE STATE OF CONNECTICUT ARTS K-12 GOALS AND STANDARDS 3) ENCOURAGING KNOWLEDGE AND LOVE OF THE ARTS AND A LOVE OF LEARNING. THIS PAST YEAR OUR YOUTH ARTS INSTITUTE HAD MANY SUCCESSES AND WE MET ALL OF OUR EVALUATION GOALS AND BENCHMARKS.
RESTORATION AND MAINTENANCE OF THE TEMPLE, WHICH IS A HISTORICAL LANDMARK BUILDING.
PROFESSIONAL PROGRAMMING - AS PART OF OUR MISSION OF MAKING THE ARTS ACCESSIBLE TO ALL, WE PROVIDED CUTTING-EDGE, THOUGHT-PROVOKING PERFORMING AND VISUAL ARTS WHICH INCLUDED DANCE, THEATRE, MUSIC, FILM, CONCERTS, READINGS, LECTURES AND GALLERY EXHIBITIONS FOR AUDIENCES IN HARTFORD AND BEYOND. OUR OFFERINGS BUILT AWARENESS ANDAPPRECIATION OF ALL THE WORLD'S CULTURES. OUR OVERALL GOAL IS TO PROVIDE ACCESS TO THE ARTS TO ALL WHO HUNGER FOR THEM, AND, AS A MATTER OF POLICY, WE OFFERED AS MANY OF OUR PROFESSIONAL PERFORMANCES AND EVENTS AS WE COULD FOR FREE, KEPT OUR PRICES AS LOW AS POSSIBLE AND NEVER TURNED ANYONE AWAY WHO COULD NOT AFFORD THE PRICE OF A TICKET.
SOCIAL JUSTICE PROGRAMMING - WE EXPANDED OUR BOTS PROGRAMMING WHICH IS DESIGNED TO RAISE AWARENESS ABOUT THE ISSUE OF HOMELESSNESS AND TO MAKE REAL AND LASTING CHANGES IN THE LIVES OF THOSE EXPERIENCING HOMELESSNESS. WE ALSO CONTINUED GIRLCOTT, AN INITIATIVE DESIGNED TO RAISE AWARENESS ABOUT THE ISSUES THAT WOMEN AND GIRLS STILL FACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eva Jacobson Chair | OfficerTrustee | 1 | $0 |
Barbara Vita Vice Chair | OfficerTrustee | 1 | $0 |
Rebekka Laskowski Treasurer | OfficerTrustee | 1 | $0 |
Rachna Agrawal Board Member | Trustee | 1 | $0 |
Ana Alfaro Board Member | Trustee | 1 | $0 |
Alvin Carter Sr Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $113,273 |
| Related organizations | $0 |
| Government grants | $217,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,302,114 |
| Noncash contributions included in lines 1a–1f | $6,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,633,187 |
| Total Program Service Revenue | $82,422 |
| Investment income | $655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,752 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,708,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $212,245 |
| Compensation of current officers, directors, key employees. | $61,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,625 |
| Pension plan accruals and contributions | $1,655 |
| Other employee benefits | $3,203 |
| Payroll taxes | $64,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $257,184 |
| Advertising and promotion | $4,951 |
| Office expenses | $76,414 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,687 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,244 |
| Insurance | $26,253 |
| All other expenses | $0 |
| Total functional expenses | $1,141,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,157,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $564,441 |
| 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 | $1,647,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,791 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,399,268 |
| Accounts payable and accrued expenses | $43,541 |
| Grants payable | $0 |
| Deferred revenue | $356,869 |
| 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 | $148,818 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $549,228 |
| Net assets without donor restrictions | -$308,244 |
| Net assets with donor restrictions | $3,158,284 |
| 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 | $3,399,268 |