Nutmeg Conservatory For The Arts
- Assets
- $11.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Torrington, CT
- Founding
- 02/1975
- Data as of
- 06/2024
- EIN
- 23-7396180
Organization Overview
Nutmeg Conservatory For The Arts is located in Torrington, CT. The organization was established in 1975. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Nutmeg Conservatory For The Arts employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nutmeg Conservatory For The Arts 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, Nutmeg Conservatory For The Arts generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. 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
BALLET TRAINING AND PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF PROFESSIONAL DANCE AND PRE-PROFESSIONAL DANCE INSTRUCTION.
OFFERING OF A VARIETY OF BALLET PERFORMANCES IN TORRINGTON, CT AND THE SURROUNDING REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Mazzarelli Executive Officer | OfficerTrustee | 40 | $108,095 |
Sharon E Dante Founder | Trustee | 40 | $85,866 |
Dr Audrie Derouen Director | Trustee | 1 | $0 |
Cynthia Quinn Director | Trustee | 1 | $0 |
Lynn Burdick Director | Trustee | 1 | $0 |
Peggy Hotchkiss Director | Trustee | 1 | $8,079 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,716 |
| Noncash contributions included in lines 1a–1f | $4,354 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,428 |
| Total Program Service Revenue | $1,965,007 |
| Investment income | $143,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,766 |
| Net Gain/Loss on Asset Sales | $65,601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $39,568 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,359,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $288,717 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,767 |
| Compensation of current officers, directors, key employees. | $47,992 |
| Compensation to disqualified persons | $14,029 |
| Other salaries and wages | $491,683 |
| Pension plan accruals and contributions | $1,197 |
| Other employee benefits | $0 |
| Payroll taxes | $59,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80 |
| Fees for services: Accounting | $69,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,782 |
| Fees for services: Other | $25,486 |
| Advertising and promotion | $64,610 |
| Office expenses | $80,273 |
| Information technology | $24,989 |
| Royalties | $0 |
| Occupancy | $233,055 |
| Travel | $8,956 |
| 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 | $205,260 |
| Insurance | $72,997 |
| All other expenses | $20,060 |
| Total functional expenses | $2,224,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,996 |
| Savings and temporary cash investments | $65,246 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $170,232 |
| Prepaid expenses and deferred charges | $21,666 |
| Net Land, buildings, and equipment | $4,537,993 |
| Investments—publicly traded securities | $5,345,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $192,000 |
| Other assets | $626,289 |
| Total assets | $11,282,499 |
| Accounts payable and accrued expenses | $45,132 |
| Grants payable | $0 |
| Deferred revenue | $478,615 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $160,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $683,747 |
| Net assets without donor restrictions | $9,983,278 |
| Net assets with donor restrictions | $615,474 |
| 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 | $11,282,499 |