2024-12-11T12:55:30-06:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2023-07-01 237396180 NUTMEG CONSERVATORY FOR THE ARTS INC NUTM 8604824413 58 MAIN STREET TORRINGTON CT 06790 JOSEPH FAZZINO TREASURER 8604824413 2024-12-11 1 1 MARY-EVELYN ANTONETTI P00431862 2126976900 2023 2024-10-15 13:58:12Z JOSEPH FAZZINO 58 MAIN STREET TORRINGTON CT 06790 4929085 0 X NUTMEGCONSERVATORY.ORG X 1971 CT BALLET TRAINING AND PERFORMANCE. 13 10 35 30 0 0 170824 136428 1924276 1965007 144226 208956 47815 48756 2287141 2359147 256597 288717 0 0 733858 777602 0 0 94246 1107280 1157942 2097735 2224261 189406 134886 11296465 11282499 814840 683747 10481625 10598752 PROVIDE PROFESSIONAL-LEVEL TRAINING, EDUCATION AND PERFORMANCE EXPERIENCE IN CLASSICAL BALLET AND OTHER DANCE FORMS FOR YOUNG STUDENTS DEDICATED TO THE ART OF DANCE. 0 0 1461822 288717 1763221 PROVISION OF PROFESSIONAL DANCE AND PRE-PROFESSIONAL DANCE INSTRUCTION. 315307 241354 OFFERING OF A VARIETY OF BALLET PERFORMANCES IN TORRINGTON, CT AND THE SURROUNDING REGION. 1777129 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 22 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 X GWEN BURGESS 8604824413 58 MAIN STREET TORRINGTON CT 06790 VICTORIA MAZZARELLI EXECUTIVE OFFICER 40.00 X X 108095 0 3243 SHARON E DANTE FOUNDER 40.00 X 85866 0 3435 DR AUDRIE DEROUEN DIRECTOR 1.00 X 0 0 0 CYNTHIA QUINN DIRECTOR 1.00 X 0 0 0 LYNN BURDICK DIRECTOR 1.00 X 0 0 0 PEGGY HOTCHKISS DIRECTOR 1.00 X 8079 0 0 MARC TRIVELLA VICE PRESIDENT 2.00 X X 0 0 0 SUSAN PATTERSON PRESIDENT 2.00 X X 0 0 0 PAUL KUNDZINS DIRECTOR 1.00 X 0 0 0 JOSEPH FAZZINO TREASURER / SECRETARY 2.00 X X 0 0 0 JOHN SPRANCE DIRECTOR 1.00 X 0 0 0 DAVID JONES DIRECTOR 1.00 X 0 0 0 TANYA CELADON DIRECTOR 1.00 X 0 0 0 202040 0 6678 1 0 0 0 0 42712 93716 4354 136428 TUITION 611600 1723653 1723653 TICKET SALES 711190 214174 214174 AUDITION INCOME 711190 27180 27180 1965007 143355 143355 1766 0 1766 1766 1766 2521752 2456151 65601 65601 65601 153355 113787 39568 39568 OTHER INCOME 900099 7422 7422 7422 2359147 2004575 0 218144 288717 288717 210767 131126 47992 31649 14029 14029 491683 350563 107424 33696 1197 1065 18 114 59926 40310 12979 6637 80 39 39 2 69162 33668 33450 2044 37782 37782 25486 12406 12326 754 64610 62703 1907 80273 76047 4099 127 24989 18992 5248 749 233055 186838 46075 142 8956 7005 1881 70 205260 205260 72997 46849 26148 STUDENT MEALS 180207 180207 PERFORMANCE/PRODUCTION 104597 103945 652 AUDITION EXPENSES 15823 15823 PARENT/STUDENT ACTIVITY 14605 6558 7341 706 20060 9008 10084 968 2224261 1777129 352886 94246 233858 319996 255071 65246 18540 3490 156769 170232 30359 21666 8184334 3646341 4595712 4537993 4078767 5345587 226667 192000 1700722 626289 11296465 11282499 63355 45132 551182 478615 200303 160000 814840 683747 X 9202187 9983278 1279438 615474 10481625 10598752 11296465 11282499 X 134886 447095 -464854 X X 0 1 X 1 0 X 143741 295625 204472 170824 136428 951090 1822247 1395324 1738365 1925957 1965007 8846900 1965988 1690949 1942837 2096781 2101435 9797990 12000 10000 12560 12600 28436 75596 0 12000 10000 12560 12600 28436 75596 9722394 168768 220245 160823 117616 145121 812573 168768 220245 160823 117616 145121 812573 40011 17139 26638 13547 39568 136903 12815 33116 26148 32587 7422 112088 2187582 1961449 2156446 2260531 2293546 10859554 0.89530 0.89700 0.07480 0.07360 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 12,815. 2020 AMOUNT: $ 33,116. 2021 AMOUNT: $ 26,148. 2022 AMOUNT: $ 32,587. 2023 AMOUNT: $ 7,422. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5779489 54272 -7913 25967 37782 5762099 5696025 193661 80073 30124 5779489 5313915 250000 165300 33190 5696025 4103716 454578 823220 38568 29031 5313915 4170412 92363 283088 409900 32247 4103716 0.89354 0.03417 0.07228 0 0 121028 121028 7212988 3154684 4058304 305656 218614 87042 544662 273043 271619 4537993 PRESENT VALUE/CHARITABLE REMAINDER TRUST 416512 CASH SURRENDER VALUE OF LIFE INSURANCE 209777 626289 X 1871344 447095 47195 8370 502660 1368684 37782 952681 990463 2359147 1944957 47195 47195 1897762 37782 288717 326499 2224261 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT IS INTENDED TO BE USED FOR NEAR-TERM EXPENDITURES AS DESIGNATED BY BOARD ACTION, OR BY THE WRITTEN DIRECTION FROM DONNORS OR OTHER ENTITIES THAT ARE INTENDED TO BE HELD AS LONG-TERM ENDOWMENTS TO APPRECIATE AND GENERATE ON-GOING INCOME OR RESERVES TO BENEFIT THE MISSION, PROGRAMS OR SPECIFIC PROJECTS OF THE ORGANIZATION. PART X, LINE 2: NUTMEG IS ORGANIZED AS A CONNECTICUT NON-STOCK CORPORATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, NUTMEG QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). NUTMEG ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. NUTMEG MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF JUNE 30, 2024, NUTMEG DID NOT RECOGNIZE ANY PENALTIES OR INTEREST ASSOCIATED WITH UNCERTAIN TAX POSITIONS. NUTMEG WOULD RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. IN GENERAL, THE PRIOR THREE TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THERE ARE CURRENTLY NO EXAMINATIONS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 8,370. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 288,717. CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 663,964. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 288,717. 1 STUDENT SCHOLARSHIPS 43 288717 PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED AS FINANCIAL ASSISTANCE TO DESERVING, HARD-WORKING STUDENTS WHEN NEEDED TO CONTINUE SERIOUS TRAINING. THE AWARD OF EITHER A FULL OR A PARTIAL SCHOLARSHIP IS DETERMINED BY A SCHOLARSHIP COMMITTEE COMPRISING OF MEMBERS OF THE BOARD OF DIRECTORS AND STAFF. THE SCHOLARSHIPS ARE DIRECTLY CREDITED TO THE STUDENTS TUITION. SHARON E DANTE FOUNDER TSOB LOAN X 240000 160000 0 1 1 160000 ADAM EVERTZ RELATED TO EO 13204 EMPLOYEE OF ORGANIZATION 0 FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER OF THE BOARD REVIEWS AND PRESENTS THE 990 AND FINANCIAL AUDIT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE OFFICER AND TOP MANAGEMENT COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE BOARD; COMPENSATION FOR OTHER EMPLOYEES DETERMINED BY THE EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 18 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 8,370. CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST -663,964. RESTATEMENT ADJUSTMENT 190,740. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.