Nutmeg Conservatory For The Arts
- Assets
- $10.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 42
- Location
- Torrington, CT
- Founding
- 02/1975
- Data as of
- 06/2021
- 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 06/2021, Nutmeg Conservatory For The Arts employed 42 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 06/2021, Nutmeg Conservatory For The Arts generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ARTS TRAINING & PERFORMANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF PROFESSIONAL DANCE AND PRE-PROFESSIONAL DANCE INSTRUCTION IN TORRINGTON, CT TO STUDENTS WORLDWIDE
OFFERING OF A VARIETY OF BALLET PERFORMANCES IN TORRINGTON, CT AND THE SURROUNDING REGION
PROVISION OF PROFESSIONAL DANCE AND PRE-PROFESSIONAL DANCE INSTRUCTION IN TORRINGTON, CT TO STUDENTS WORLDWIDE
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 |
|---|---|---|---|
Sharon E Dante Executive Direc | OfficerTrustee | 40 | $122,785 |
Victoria Mazzarelli Artistic Dir. | Trustee | 40 | $85,980 |
Susan Patterson President | OfficerTrustee | 2 | $0 |
Joseph Fazzino Treas/secre | OfficerTrustee | 2 | $0 |
Lynn Burdick Director | Trustee | 1 | $0 |
Lee Carter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,835 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,625 |
| Total Program Service Revenue | $1,382,624 |
| Investment income | $220,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,700 |
| Net Gain/Loss on Asset Sales | $319,310 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,139 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,280,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $311,014 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $182,911 |
| Compensation of current officers, directors, key employees. | $27,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,204 |
| Pension plan accruals and contributions | $4,718 |
| Other employee benefits | $0 |
| Payroll taxes | $46,381 |
| 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 | $29,031 |
| Fees for services: Other | $68,520 |
| Advertising and promotion | $16,280 |
| Office expenses | $0 |
| Information technology | $7,924 |
| Royalties | $0 |
| Occupancy | $196,747 |
| Travel | $3,555 |
| 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 | $173,800 |
| Insurance | $77,375 |
| All other expenses | $0 |
| Total functional expenses | $1,718,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,116 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $126,551 |
| Prepaid expenses and deferred charges | $17,585 |
| Net Land, buildings, and equipment | $4,808,190 |
| Investments—publicly traded securities | $3,936,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,377,129 |
| Total assets | $10,547,856 |
| Accounts payable and accrued expenses | $64,764 |
| Grants payable | $0 |
| Deferred revenue | $418,936 |
| 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 | $601 |
| Total liabilities | $484,301 |
| Net assets without donor restrictions | $9,226,937 |
| Net assets with donor restrictions | $836,618 |
| 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 | $10,547,856 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nutmeg Conservatory For The Arts has recieved totaling $16,803.
| Awarding Organization | Amount |
|---|---|
Northwest Connecticut Community Foundation Inc Torrington, CT PURPOSE: General Support | $10,000 |
Connecticut Community Foundation Inc Waterbury, CT PURPOSE: GIVE LOCAL 2021 | $6,611 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $192 |
Endowment Analysis
| Beg. Balance | $4,103,716 |
| Earnings | $823,220 |
| Admin Expense | $29,031 |
| Net Contributions | $454,578 |
| Other Expense | $38,568 |
| Ending Balance | $5,313,915 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School Of American Ballet Inc New York, NY | $111,037,435 | $21,205,372 |
Society Of The Third Street Music School Settlement Inc New York, NY | $23,512,540 | $9,331,737 |
Professional Childrens School Inc New York, NY | $20,795,903 | $7,913,959 |
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance New York, NY | $27,086,297 | $8,434,600 |
Usdan Center For The Creative And Performing Arts Wheatley Heights, NY | $9,094,063 | $7,842,834 |
The Brooklyn Queens Conservatory Of Music Brooklyn, NY | $5,364,852 | $5,242,264 |
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
Neighborhood Music School Inc New Haven, CT | $8,041,622 | $5,408,099 |
Hoff Barthelson Music School Scarsdale, NY | $5,808,540 | $3,629,362 |
David Hochstein Memorial Music School Inc Rochester, NY | $9,075,130 | $4,251,000 |
Diller-Quaile School Of Music Inc New York, NY | $7,580,711 | $3,116,050 |
Friends Of The Mozartina Musical Arts Conservatory Inc Tarrytown, NY | $3,401,359 | $3,102,362 |