Klein Memorial Auditorium Foundation Inc
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 39
- Location
- Bridgeport, CT
- Founding
- 08/1998
- Data as of
- 06/2022
- 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 06/2022, Klein Memorial Auditorium Foundation Inc employed 39 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 06/2022, Klein Memorial Auditorium Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 10.7% 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
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 |
|---|---|---|---|
Laurence Caso Executive Director | Officer | 40 | $72,553 |
Maureen Hamill Board Member, Dir Of Educa | Trustee | 18 | $35,850 |
Trish Swain Vice-Chair | OfficerTrustee | 4 | $0 |
Thomas Errichetti Treasurer | OfficerTrustee | 6 | $0 |
Reine Boyer Secretary | OfficerTrustee | 4 | $0 |
Nicholas D'addario Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $453,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,302 |
| Noncash contributions included in lines 1a–1f | $1,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $641,536 |
| Total Program Service Revenue | $588,395 |
| Investment income | $8,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $158,036 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,405,120 |
| 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. | $130,175 |
| Compensation of current officers, directors, key employees. | $35,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $281,376 |
| Advertising and promotion | $28,806 |
| Office expenses | $20,879 |
| 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 | $400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,004 |
| Insurance | $20,146 |
| All other expenses | $0 |
| Total functional expenses | $1,065,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,725 |
| Savings and temporary cash investments | $14,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,220 |
| Prepaid expenses and deferred charges | $8,769 |
| Net Land, buildings, and equipment | $969,232 |
| Investments—publicly traded securities | $36,120 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $782,171 |
| Total assets | $2,422,433 |
| Accounts payable and accrued expenses | $41,940 |
| Grants payable | $0 |
| Deferred revenue | $87,916 |
| 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 | $3,844 |
| Total liabilities | $133,700 |
| Net assets without donor restrictions | $1,749,256 |
| Net assets with donor restrictions | $539,477 |
| 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 | $2,422,433 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Klein Memorial Auditorium Foundation Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Gerald Sprayregen Charitable Foundation Palm Beach, FL PURPOSE: CHARITABLE | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
United Way Of Tri County Inc Framingham, MA | $6,314,872 | $10,584,211 |
United Way Of Greater New Haven Inc New Haven, CT | $7,094,504 | $11,335,998 |
United Way Inc Hartford, CT | $29,196,738 | $12,702,734 |
United Way Of Central New York Inc Syracuse, NY | $9,420,955 | $9,385,723 |
Jewish Community Federation Of Greater Rochester Ny Inc Rochester, NY | $41,052,152 | $11,910,754 |