Klein Memorial Auditorium Foundation Inc
- Assets
- $2.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 42
- Location
- Bridgeport, CT
- Founding
- 08/1998
- Data as of
- 06/2024
- EIN
- 06-1474233
Organization Overview
Klein Memorial Auditorium Foundation Inc is located in Bridgeport, CT. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Klein Memorial Auditorium Foundation Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Klein Memorial Auditorium 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 06/2024, Klein Memorial Auditorium Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 10.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE THE KLEIN MEMORIAL AUDITORIUM FOR THE PURPOSE OF ENRICHING THE CULTURAL, EDUCATIONAL, AND SOCIAL LIFE OF THE BRIDGEPORT CONNECTICUT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERALL PROGRAMMING AND EVENTS ARE PRESENTED FOR THE PURPOSE OF ENRICHING THE CULTURAL, EDUCATIONAL, AND SOCIAL LIFE OF THE BRIDGEPORT CONNECTICUT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trish Swain Secretary | OfficerTrustee | 4 | $0 |
Thomas Errichetti Treasurer | OfficerTrustee | 6 | $0 |
James Rulmyr Chair | OfficerTrustee | 4 | $0 |
Jeremy Bossio Vice Chair | OfficerTrustee | 4 | $0 |
Bob Filotei Board Member | Trustee | 2 | $0 |
Maureen Hamill Board Member, Dir Of Education | Trustee | 18 | $37,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $564 |
| Related organizations | $0 |
| Government grants | $78,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,028 |
| Total Program Service Revenue | $675,425 |
| Investment income | $17,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,350 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,206,423 |
| 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. | $126,002 |
| Compensation of current officers, directors, key employees. | $31,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,845 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $365,437 |
| Advertising and promotion | $35,959 |
| Office expenses | $30,808 |
| 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 | $64,675 |
| Insurance | $18,189 |
| All other expenses | $0 |
| Total functional expenses | $1,254,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,621 |
| Savings and temporary cash investments | $917,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,298 |
| Prepaid expenses and deferred charges | $9,515 |
| Net Land, buildings, and equipment | $880,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $248,593 |
| Total assets | $2,483,612 |
| Accounts payable and accrued expenses | $65,069 |
| Grants payable | $0 |
| Deferred revenue | $24,382 |
| 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 | $2,536 |
| Total liabilities | $91,987 |
| Net assets without donor restrictions | $1,704,924 |
| Net assets with donor restrictions | $686,701 |
| 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 | $2,483,612 |