The Katharine Hepburn Cultural Arts Center Inc
- Assets
- $3.9m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 48
- Location
- Old Saybrook, CT
- Founding
- 04/2008
- Data as of
- 06/2022
- EIN
- 51-0646562
Organization Overview
The Katharine Hepburn Cultural Arts Center Inc is located in Old Saybrook, CT. The organization was established in 2008. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Katharine Hepburn Cultural Arts Center Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Katharine Hepburn Cultural 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 06/2022, Katharine Hepburn Cultural Arts Center Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 11.9% 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
THE KATHARINE HEPBURN CULTURAL ARTS CENTER EXISTS TO PRESENT A DIVERSE REPERTOIRE OF CULTURAL AND PERFORMING ARTS, TO PROVIDE EDUCATIONAL OPPORTUNITIES IN THE ARTS, AND TO BE A LASTING LEGACY FOR AMERICA'S ICONIC ACTRESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 235 EVENTS WERE PRODUCED AND OFFERED TO THE GENERAL PUBLIC. THESE EVENTS SHOWCASED THE ARTS INCLUDING LOCAL AND REGIONAL THEATER, LIVESTREAMS, CONCERTS, DANCE, FILM, LECTURES, ART EXHIBITS, AND OTHER ARTISTIC ENDEAVORS.
USE OF FACILITY SPACE FOR LOCAL ARTISTS AND OTHER GROUPS TO STAGE PERFORMANCES OPEN TO THE GENERAL PUBLIC OR FOR SPECIAL EVENTS.
EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Elliott Executive Dir. | Officer | 55 | $149,781 |
Mike Maguire President | OfficerTrustee | 8 | $0 |
Ann Nyberg Vice President | OfficerTrustee | 6 | $0 |
Lisa Lemonte Exec. Vice Pres | OfficerTrustee | 8 | $0 |
Ann Bartosewicz-Mele Secretary | OfficerTrustee | 6 | $0 |
Wayne Harms Treasurer | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $224,179 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,240,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $760,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,224,989 |
| Total Program Service Revenue | $1,993,034 |
| Investment income | $17,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $550 |
| Net Income from Fundraising Events | $114,876 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,355,262 |
| 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. | $149,781 |
| Compensation of current officers, directors, key employees. | $29,956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $596,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,244 |
| Payroll taxes | $63,995 |
| 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 | $68,148 |
| Advertising and promotion | $78,671 |
| Office expenses | $59,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,376 |
| 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 | $212,840 |
| Insurance | $19,422 |
| All other expenses | $185,488 |
| Total functional expenses | $2,947,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,901 |
| Savings and temporary cash investments | $1,248,753 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,948 |
| Prepaid expenses and deferred charges | $24,584 |
| Net Land, buildings, and equipment | $1,497,373 |
| Investments—publicly traded securities | $902,910 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,646 |
| Other assets | $99,425 |
| Total assets | $3,859,540 |
| Accounts payable and accrued expenses | $105,161 |
| Grants payable | $0 |
| Deferred revenue | $607,562 |
| 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 | $0 |
| Total liabilities | $712,723 |
| Net assets without donor restrictions | $3,068,417 |
| Net assets with donor restrictions | $78,400 |
| 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 | $3,859,540 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Katharine Hepburn Cultural Arts Center Inc has recieved totaling $82,200.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $42,200 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Munn Family Foundation Inc Syosset, NY PURPOSE: BENEFITS FOR 6 MONTHS AND LEAD SPONSOR FOR ONE EVENT PER MONTH | $10,000 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: ARTS | $5,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: MISSOULA CHILDREN'S THEATRE RESIDENCY AND ANNUAL GALA | $5,000 |
Endowment Analysis
| Beg. Balance | $119,734 |
| Earnings | $239 |
| Ending Balance | $119,973 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |
The Katharine Hepburn Cultural Arts Center Inc Old Saybrook, CT | $3,859,540 | $4,355,262 |