Garde Arts Center Inc
- Assets
- $7.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 68
- Location
- New London, CT
- Founding
- 09/1986
- Data as of
- 07/2021
- EIN
- 06-1143582
Organization Overview
Garde Arts Center Inc is located in New London, CT. The organization was established in 1986. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Garde Arts Center Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garde Arts Center 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 07/2021, Garde Arts Center Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.1m during the year ending 07/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GARDE ARTS CENTER,NON-PROFIT PROFESSIONAL CENTER FOR THE PERFORMING ARTS, STRIVES TO ENGAGE, EDUCATE, ENTERTAIN, INSPIRE,AND ENRICH THE REGION OF GREATER NEW LONDON COUNTY, BY PROTECTING, OPERATING, AND ENHANCING THE HISTORIC GARDE THEATRE AS A CENTRAL CULTURAL GATHERING PLACE THAT PRESENTS TOP-QUALITY PERFORMING ARTS, LIVE MUSIC, FILM EVENTS, AND FOSTERS COMMUNITY ARTS ORGANIZATIONS TO STRENGTHEN COMMUNITY INTERACTION AND VITALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GARDE'S PROGRAMS INCLUDED PROVIDING PUBLIC SCHOOLS WITH CLASSROOM SPACE, HOSTING VIRTUAL STREAMING PRESENTATIONS BY NON-PROFIT GROUPS AND STATE CANDIDATE RACES, PREMIERING A MOVIE ABOUT AREA YOUTH AND ADVOCATING FOR PUBLIC SUPPORT TO SAVE THEATERS. IN SUPPORT OF OUR MISSION TO PROTECT THE THEATERS, SEVERAL CAPITAL PROJECTS OCCURRED TO MAKE PUBLIC SPACES SAFER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Sigel Executive Direc | Officer | 40 | $140,693 |
Phil Michalowski President | OfficerTrustee | 1 | $0 |
John Devine Vice President | OfficerTrustee | 1 | $0 |
Rear Admiral John Padgett III Vice President | OfficerTrustee | 1 | $0 |
Karen Ricciardi Secretary | OfficerTrustee | 1 | $0 |
Catherine Elliott Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,061,255 |
| All other contributions, gifts, grants, and similar amounts not included above | $820,444 |
| Noncash contributions included in lines 1a–1f | $29,758 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,881,699 |
| Total Program Service Revenue | $43,201 |
| Investment income | $16,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,483 |
| Net Gain/Loss on Asset Sales | $23,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,995,834 |
| 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. | $92,316 |
| Compensation of current officers, directors, key employees. | $55,389 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,652 |
| Payroll taxes | $22,524 |
| 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 | $0 |
| Advertising and promotion | $11,278 |
| Office expenses | $0 |
| Information technology | $58,469 |
| Royalties | $0 |
| Occupancy | $75,878 |
| Travel | $3,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $451,607 |
| Insurance | $49,762 |
| All other expenses | $28,364 |
| Total functional expenses | $1,059,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,875,727 |
| Savings and temporary cash investments | $423,010 |
| Pledges and grants receivable | $190,700 |
| Accounts receivable, net | $3,212 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,613 |
| Prepaid expenses and deferred charges | $50,116 |
| Net Land, buildings, and equipment | $4,525,509 |
| Investments—publicly traded securities | $437,293 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,163 |
| Total assets | $7,593,343 |
| Accounts payable and accrued expenses | $47,374 |
| Grants payable | $0 |
| Deferred revenue | $835,597 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $155,997 |
| Other liabilities | $6,500 |
| Total liabilities | $1,545,468 |
| Net assets without donor restrictions | $5,443,870 |
| Net assets with donor restrictions | $604,005 |
| 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 | $7,593,343 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Garde Arts Center Inc has recieved totaling $46,351.
| Awarding Organization | Amount |
|---|---|
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: PACE: PARTNERS - ARTS. COMMUNITY. EDUCATION | $12,500 |
Chester Kitchings Family Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,584 |
Leiser Family Foundation New London, CT PURPOSE: CHARITABLE | $5,000 |
The@hilbert And Shirley Hendel Family Foundation Waterford, CT PURPOSE: TO SUSTAIN AND MAINTAIN THE GARDE'S PROGRAMS AND HISTORIC FACILITIES. | $3,500 |
Mccullough Foundation New York, NY PURPOSE: FOR OPERATIONS | $2,500 |
Endowment Analysis
| Beg. Balance | $31,599 |
| Earnings | -$3 |
| Ending Balance | $31,596 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
New Haven International Festival Of Arts & Ideas Inc New Haven, CT | $2,354,201 | $4,042,570 |