Form 990 for tax year 2022
Filed by CONSERVATORY LAB FOUNDATION INC.
Totals
- Total revenue
- $2,021,236
- Total expenses
- $1,938,796
- Contributions and grants received
- $659,014
- Grants paid
- $363,958
- Program service revenue
- $160,828
- Investment income
- $135,059
- Other revenue
- $1,066,335
- Total assets, end of year
- $24,981,246
- Total liabilities, end of year
- $22,852,399
- Net assets or fund balances, end of year
- $2,128,847
- Program services expenses (Part IX)
- $1,586,288
- Management and general expenses
- $38,982
- Fundraising expenses
- $313,526
- Program service expenses (Part III)
- $1,586,288
Program services were 81.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$659,014
-
1g · Noncash contributions included above
$14,353
-
2a · Program service revenue: RENTAL INCOME
total $160,828 · related or exempt $160,828
-
3 · Investment income
total $134,714 · related or exempt $134,714
-
7a · Gross sales of assets other than inventory
securities $14,698
-
7b · Less cost or other basis and sales expenses
securities $14,353
-
7c · Gain or loss
securities $345
-
7d · Net gain or loss
total $345 · related or exempt $345
-
11a · Other revenue: CHANGE IN VALUE OF INT
total $1,066,335 · related or exempt $1,066,335
-
11e · Other revenue, total
$1,066,335
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $363,958 · program services $363,958
-
7 · Other salaries and wages
total $244,218 · management and general $12,211 · fundraising $232,007
-
8 · Pension plan contributions
total $44,484 · management and general $2,224 · fundraising $42,260
-
11c · Fees: accounting
total $18,000 · management and general $18,000
-
11g · Fees: other
total $2,571 · management and general $2,571
-
13 · Office expenses
total $1,082 · management and general $1,082
-
20 · Interest
total $1,151,616 · program services $1,151,616
-
22 · Depreciation, depletion and amortization
total $70,714 · program services $70,714
-
24a · Other expenses: FUNDRAISING EXPENSES
total $32,307 · fundraising $32,307
-
24b · Other expenses: DEVELOPMENT SOFTWARE
total $6,952 · fundraising $6,952
-
24c · Other expenses: BANK CHARGES
total $1,308 · management and general $1,308
-
24d · Other expenses: RECRUITING
total $1,020 · management and general $1,020
-
24e · All other expenses
total $566 · management and general $566
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,194,708 · end of year $265,016
-
7 · Other notes and loans receivable
beginning of year $21,764,411 · end of year $20,559,162
-
10a · Land, buildings and equipment: cost or other basis
$3,439,733
-
10b · Land, buildings and equipment: accumulated depreciation
$457,169
-
10c · Land, buildings and equipment, net
beginning of year $3,053,278 · end of year $2,982,564
-
12 · Investments: other securities
end of year $906,504
-
15 · Other assets
beginning of year $0 · end of year $268,000
-
17 · Accounts payable and accrued expenses
beginning of year $94,838 · end of year $98,279
-
23 · Secured mortgages and notes payable
beginning of year $21,602,687 · end of year $21,270,626
-
25 · Other liabilities
beginning of year $2,264,637 · end of year $1,483,494
-
27 · Net assets without donor restrictions
beginning of year $2,040,209 · end of year $2,118,821
-
28 · Net assets with donor restrictions
beginning of year $10,026 · end of year $10,026
Mission and programs · 2022
Mission
THE FOUNDATION'S PURPOSE IS TO SUPPORT THE DISSEMINATION OF LEARNING THROUGH MUSIC AS AN EDUCATIONAL MODEL.
-
THE FOUNDATION RAISED FUNDS TO BENEFIT THE PROGRAMS FOR THE DISSEMINATION OF LEARNING THRU MUSIC AS AN EDUCATIONAL MODEL
Expenses $1,586,288 · Grants $363,958 · Revenue $951,073
As filed on the 2022 return.
Listed in Part VII
-
Katharine M PellKATHARINE M PELL
CLERK & CLASS B DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John PaolellaJOHN PAOLELLA
TREASURER & CLASS A DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Debra L SmithDEBRA L SMITH
ASSISTANT CLERK & CLASS A DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Bradley F RichardsonBRADLEY F RICHARDSON
CLASS B DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary GutGARY GUT
CLASS B DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melanie SheffieldMELANIE SHEFFIELD
PRESIDENT & CLASS A DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
CONSERVATORY LAB CHARTER SCHOOL
$363,700
TO PROVIDE ASSISTANCE TO LEARNING THROUGH MUSIC AND VIOLIN PROGRAMS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CONSERVATORY LAB CHARTER SCHOOL
SECTION 115 · CHARTER PUBLIC SCHOOL FOR PRE-KINDERGARTEN THROUGH 8TH GRADE · MA
-
501(c)(3) · DEVELOP AND LEASE A SCHOOL BUILDING TO CONSERVATORY LAB CHARTER SCHOOL · MA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400439349301890
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.