LYME ACADEMY OF FINE ARTS INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- LYME ACADEMY OF FINE ARTS INC (EIN 06-0942210)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-03
- IRS object ID
- 201101239349300210
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-03T09:44:48-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHITTLESEY & HADLEY PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 147 CHARTER OAK AVENUE | AddressLine1 |
| City | HARTFORD | City |
| State | CT | State |
| ZIP Code | 06106 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 060942210 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lyme Academy College of Fine Arts Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LYME | NameControl |
| Phone | 8604345232 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 84 LYME STREET | AddressLine1 |
| City | OLD LYME | City |
| State | CT | State |
| ZIP Code | 06371 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Debra Petke | Name |
| Title | President | Title |
| Phone | 8604345232 | Phone |
| Date Signed | 2011-05-03 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Edward S Jason | Name |
| Phone | 8605223111 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Debra Petke | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 84 lyme street | AddressLine1 |
| City | Old Lyme | City |
| State | CT | State |
| ZIP Code | 06371 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5529092 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1976 | YearFormation |
| State Legal Domicile | CT | StateLegalDomicile |
| Activity Or Mission Description | EDUCATION FACILITY | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 80 | TotalNbrEmployees |
| Total Nbr Volunteers | 130 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1062091 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1347460 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1869599 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1552161 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -426639 | InvestmentIncomePriorYear |
| Investment Income Current Year | 140142 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 186210 | OtherRevenuePriorYear |
| Other Revenue Current Year | 107651 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2691261 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3147414 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2193736 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2219179 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 280881 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1479467 | OtherExpensePriorYear |
| Other Expenses Current Year | 1612072 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3673203 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3831251 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -981942 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -683837 | RevenuesLessExpensesCY |
| Total Assets BOY | 11797807 | TotalAssetsBOY |
| Total Assets EOY | 11525099 | TotalAssetsEOY |
| Total Liabilities BOY | 2212689 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2093687 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 9585118 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9431412 | NetAssetsOrFundBalancesEOY |
| Mission Description | Provide the best education in drawing, illustration, painting and sculpture through study of the history, traditions and principles of the fine arts and the liberal arts, thereby establishing a comprehensive foundation for the development of the artist. The curriculum reflects a deep respect for traditional forms of teaching which have produced Master Artists throughout the ages. The goal is to provide a practical foundation on which each student can develop his or her unique intellectual and visual articulation with confidence and integrity. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2808506 | Expense |
| Revenue | 1620508 | Revenue |
| Description | THE LYME ACADEMY OPERATES AN ART SCHOOL AND GALLERY IN OLD LYME CONNECTICUT. THE SCHOOL AND ITS FACILITIES ARE OPEN TO THE GENERAL PUBLIC. CLASSES ARE HELD THROUGHOUT THE YEAR. | Description |
| Total Program Service Expense | 2808506 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 87 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 80 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYME ACADEMY OF FINE ARTS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8604345232 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 84 LYME STREET | AddressLine1 |
| City | OLD LYME | City |
| State | CT | State |
| ZIP Code | 06371 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| MARTIN WOLMAN | ||||||||
| Chairman | 2.00 | X | 0 | 0 | 0 | |||
| JEAN CALLAN KING | ||||||||
| Vice Chairman | 2.00 | X | 0 | 0 | 0 | |||
| ARTHUR C REEDS III | ||||||||
| Treasurer | 2.00 | X | 0 | 0 | 0 | |||
| MARGARET PRIZER KENNY | ||||||||
| Secretary | 2.00 | X | 0 | 0 | 0 | |||
| JONATHAN P BUTLER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| HENRY E DUNN III | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| CHARLES J HAMM | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| GAIL L HAMSHER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ELIZABETH T HARBISON | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| CHARLOTTE CD JACKSON | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| SUZANNE C JOFFRAY | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DIANA ATWOOD JOHNSON | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| MARY MATTHEWS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LAURA LEE MILLER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ROBERT PRATT | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ALAN R PROCTOR | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ROBERT REED | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| CATHERINE ROBERTS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| CHARLES C TAYLOR | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| PRISCILLA WINN BARLOW | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DEBRA PETKE | ||||||||
| PRESIDENT & CEO | 40.00 | 149188 | 0 | 19036 | X | |||
| JOANNE DONAGHUE | ||||||||
| VP OF DEVELOPMENT & EXT. | 40.00 | 102000 | 0 | 3400 | X | |||
| LAURA ZARROW | ||||||||
| VP OF ACAD. AFFAIRS | 40.00 | 105000 | 0 | 0 | X | |||
| MARY ORCUTT | ||||||||
| Former VP OF FINANCE | 40.00 | 109866 | 0 | 13115 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 466054 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 35551 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CBIA | |||||
| PO Box 150495 | Hartford | CT | 061150495 | Health Insurance | 207288 |
| TIAA-CREF | |||||
| PO BOX 105316 | Atlanta | GA | 303485316 | Employee Pension Plan | 170668 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Fundraising Events | 14450 | FundraisingEvents |
| Government Grants | 257394 | GovernmentGrants |
| All Other Contributions | 1075616 | AllOtherContributions |
| Noncash Contributions | 216964 | NoncashContributions |
| Total Contributions | 1347460 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | tuition and fees | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 1552161 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1552161 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1552161 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 67895 | TotalRevenueColumn |
| Exclusion | $67,895 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2272011 | Securities |
| Other | 21215 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2190719 | Securities |
| Other | 30260 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 81292 | Securities |
| Other | -9045 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72247 | TotalRevenueColumn |
| Exclusion | $72,247 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 109908 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 14450 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 70604 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39304 | TotalRevenueColumn |
| Exclusion | $39,304 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 142424 | GrossSalesOfInventory |
| Cost Of Goods Sold | 90095 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 52329 | TotalRevenueColumn |
| Related Or Exempt Function Income | 52329 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | misc. income | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 16018 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16018 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 16018 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3147414 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1620508 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $179,446 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 457417 | Total |
| Management And General | 355417 | ManagementAndGeneral |
| Fundraising | 102000 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1331462 | Total |
| Program Services | 1222696 | ProgramServices |
| Management And General | 27466 | ManagementAndGeneral |
| Fundraising | 81300 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56441 | Total |
| Program Services | 30479 | ProgramServices |
| Management And General | 17784 | ManagementAndGeneral |
| Fundraising | 8178 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 238439 | Total |
| Program Services | 184792 | ProgramServices |
| Management And General | 36859 | ManagementAndGeneral |
| Fundraising | 16788 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 135420 | Total |
| Program Services | 94535 | ProgramServices |
| Management And General | 26980 | ManagementAndGeneral |
| Fundraising | 13905 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89472 | Total |
| Program Services | 84334 | ProgramServices |
| Management And General | 2571 | ManagementAndGeneral |
| Fundraising | 2567 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34445 | Total |
| Program Services | 11047 | ProgramServices |
| Management And General | 11676 | ManagementAndGeneral |
| Fundraising | 11722 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21415 | Total |
| Program Services | 16095 | ProgramServices |
| Management And General | 4110 | ManagementAndGeneral |
| Fundraising | 1210 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 140338 | Total |
| Program Services | 140338 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97311 | Total |
| Program Services | 85036 | ProgramServices |
| Management And General | 7167 | ManagementAndGeneral |
| Fundraising | 5108 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106131 | Total |
| Management And General | 106131 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 339628 | Total |
| Program Services | 339628 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53217 | Total |
| Program Services | 53217 | ProgramServices |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CONSULTANTS/CONTRACTORS | 495693 | 355248 | 116660 | 23785 |
| Supplies | 152604 | 151789 | 131 | 684 |
| Catering | 18927 | 8791 | 2997 | 7139 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62891 | Total |
| Program Services | 30481 | ProgramServices |
| Management And General | 25915 | ManagementAndGeneral |
| Fundraising | 6495 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3831251 | Total |
| Program Services | 2808506 | ProgramServices |
| Management And General | 741864 | ManagementAndGeneral |
| Fundraising | 280881 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 209506 | BOY |
| EOY | 165245 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1201 | BOY |
| EOY | 1204 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 199116 | BOY |
| EOY | 138527 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50579 | BOY |
| EOY | 67630 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61643 | BOY |
| EOY | 60328 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22462 | BOY |
| EOY | 41408 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 9870586 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3540976 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6626495 | BOY |
| EOY | 6329610 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4057639 | BOY |
| EOY | 4040452 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 569166 | BOY |
| EOY | 680695 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11797807 | BOY |
| EOY | 11525099 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 373621 | BOY |
| EOY | 254738 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175315 | BOY |
| EOY | 39315 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1663753 | BOY |
| EOY | 1799634 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2212689 | BOY |
| EOY | 2093687 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6143100 | BOY |
| EOY | 4993484 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 979649 | BOY |
| EOY | 67316 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2462369 | BOY |
| EOY | 4370612 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9585118 | BOY |
| EOY | 9431412 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11797807 | BOY |
| EOY | 11525099 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 141789 | RevenuesIncluded |
| Assets In Part X | 680695 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4057639 | BeginningOfYearBalance |
| Contributions | 115244 | Contributions |
| Investment Earnings Or Losses | 679318 | InvestmentEarningsOrLosses |
| Other Expenditures | 811749 | OtherExpenditures |
| End Of Year Balance | 4040452 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4482561 | BeginningOfYearBalance |
| Contributions | 1037461 | Contributions |
| Investment Earnings Or Losses | -1015689 | InvestmentEarningsOrLosses |
| Other Expenditures | 446694 | OtherExpenditures |
| End Of Year Balance | 4057639 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00920 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.98200 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00880 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 513507 | OtherCostOrOtherBasis |
| Book Value | 513507 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8453872 | OtherCostOrOtherBasis |
| Depreciation | 2749909 | Depreciation |
| Book Value | 5703963 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 903207 | OtherCostOrOtherBasis |
| Depreciation | 791067 | Depreciation |
| Book Value | 112140 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 6329610 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | COLLECTIONS | Description |
| Book Value | 680695 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 680695 | TotalBookValueOtherAssets |
| Total Revenue | 3147414 | TotalRevenue |
| Total Expenses | 3831251 | TotalExpenses |
| Excess Or Deficit For Year | -683837 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 530131 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 530131 | TotalAdjustments |
| Excess Or Deficit Per FS | -153706 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3838244 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 530131 | NetUnrealizedGainsInvestments |
| Other Revenues | 160699 | OtherRevenues |
| Revenue Not Rptd F990 | 690830 | RevenueNotRptdF990 |
| Revenue Subtotal | 3147414 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3147414 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3991950 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 160699 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 160699 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3831251 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3831251 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part III, Line 4: | The organization is an art college and any exhibitions are held in the organization's galleries. They are used by students and faculty members for scholary research and teaching purposes. |
| Part XII, Line 2d Other items included on line 1 but not on Form 990, Part VIII, Line 12: Arts Ball Fundraising Expense: $70,604 Inventory Cost of Goods Sold: $90,095 Part XIII, Line 2d Other items included on line 1 but not on Form 990, Part IX, Line 25: Arts Ball Fundraising Expense: $70,604 Inventory Cost of Goods Sold: $90,095 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | THE ACADEMY STATES THAT IT IS OPEN TO ALL PERSONS REGARDLESS OF RACE, CREED, SEX, OR NATIONAL ORIGIN WHENEVER POSSIBLE IN ITS VARIOUS CATALOGS, APPLICATIONS, AND OTHER MATERIAL. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | THE COLLEGE IS A RECIPIENT OF FEDERAL AND STATE DOLLARS WHEN STUDENTS APPLY FOR FEDERAL AND STATE FINANCIAL AID. WHEN RECEIVED, THIS FUNDING IS APPLIED TO THE STUDENT'S TUITION AND ANY EXCESS IS PROVIDED TO THE STUDENT. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Arts Ball | NameOfEvent1 |
| Gross Receipts Event1 | 124358 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 14450 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 109908 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 70604 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 124358 | GrossReceiptsTotal |
| Charitable Contributions Total | 14450 | CharitableContributionsTotal |
| Gross Revenue Total Events | 109908 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 70604 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 70604 | DirectExpenseSummaryEvents |
| Net Income Summary | 39304 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DEBRA PETKE | |||||||||||||
| 149188 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19036 | 0 | 168224 | 0 | 0 | 0 |
| MARY ORCUTT | |||||||||||||
| 109866 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13115 | 0 | 122981 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 26 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 136000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Repair cost;estate value | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 5789 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 7 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 75175 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | The draft IRS Form 990 is presented to the Finance Committee who reports their finding to the Executive Committee and the Board of Trustees. |
| Form 990, Part VI, Section B, line 12c | The College has a code of ethics and conflict of interest policy statement for trustees that is to be completed and signed annually. |
| Form 990, Part VI, Section B, line 15 | The organization examines the going rates in the industry using statistics from other colleges and information obtained through online websites that give salary guidelines. Also, the College's historical rates for these positions are considered. |
| Form 990, Part VI, Section C, line 19 | The documents are available on the Guidestar website, upon request and included with all grants and most gift requests. |
| Part XI, Line 2c | Oversight of the audit financial statements and selection of the independent accountant is performed by the finance committee |