New Conservatory
- Assets
- $2.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 85
- Location
- San Francisco, CA
- Founding
- 12/1981
- Data as of
- 08/2022
- EIN
- 94-2778856
Organization Overview
New Conservatory is located in San Francisco, CA. The organization was established in 1981. 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 08/2022, New Conservatory employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Conservatory 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 08/2022, New Conservatory generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.7m during the year ending 08/2022. 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 NEW CONSERVATORY THEATRE CENTER IS A CALIFORNIA NONPROFIT ORGANIZATION INVOLVED IN THE AREAS OF THRATRE, ARTS AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMING ARTS SCHOOL FOR CHILDREN AGES 4-19 DEVOTED TO CHILDRENS THEATRE TRAINING AND TO COMMUNITY OUTREACH PROGRAMS.
TOURING COMPANY PERFORMING AT NORTHERN CALIFONIA SCHOOLS.
PRIDE SEASON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Decker Artistic Director | Trustee | 40 | $87,485 |
Andrew Nance Board Member | Trustee | 2 | $0 |
Larry Vales Chair | OfficerTrustee | 2 | $0 |
Stephanie Walker Board Member | Trustee | 2 | $0 |
J Conrad Frank Board Member | Trustee | 2 | $0 |
Dana Zook Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $294 |
| Related organizations | $0 |
| Government grants | $567,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $660,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,228,318 |
| Total Program Service Revenue | $255,280 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $31,290 |
| Royalties | $0 |
| Net Rental Income | $7,200 |
| 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 | $1,572,812 |
| 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. | $104,127 |
| Compensation of current officers, directors, key employees. | $5,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $941,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,314 |
| Payroll taxes | $20,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2 |
| Fees for services: Other | $0 |
| Advertising and promotion | $106,194 |
| Office expenses | $34,442 |
| Information technology | $17,241 |
| Royalties | $10,693 |
| Occupancy | $125,077 |
| Travel | $16,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,359 |
| Interest | $4,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,884 |
| Insurance | $51,696 |
| All other expenses | $9,769 |
| Total functional expenses | $1,714,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,330,783 |
| Pledges and grants receivable | $163,644 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $54,827 |
| Net Land, buildings, and equipment | $161,327 |
| Investments—publicly traded securities | $494,629 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,205,210 |
| Accounts payable and accrued expenses | $32,833 |
| Grants payable | $0 |
| Deferred revenue | $113,724 |
| 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 | $94,489 |
| Total liabilities | $241,046 |
| Net assets without donor restrictions | $1,895,664 |
| Net assets with donor restrictions | $68,500 |
| 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 | $2,205,210 |