Totals
- Total revenue
- $1,587,115
- Total expenses
- $628,796
- Contributions and grants received
- $422,405
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,164,710
- Other revenue
- $0
- Total assets, end of year
- $22,788,997
- Total liabilities, end of year
- $7,500
- Net assets or fund balances, end of year
- $22,781,497
- Program services expenses (Part IX)
- $589,921
- Management and general expenses
- $38,875
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $589,921
Program services were 93.8% 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
$422,405
-
3 · Investment income
total $508,749 · excluded $508,749
-
7a · Gross sales of assets other than inventory
securities $644,975 · other assets $135,422
-
7b · Less cost or other basis and sales expenses
securities $124,436
-
7c · Gain or loss
securities $520,539 · other assets $135,422
-
7d · Net gain or loss
total $655,961 · related or exempt $520,539 · excluded $135,422
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $8,875 · management and general $8,875
-
11f · Fees: investment management
total $30,000 · management and general $30,000
-
12 · Advertising and promotion
total $11,418 · program services $11,418
-
13 · Office expenses
total $3,587 · program services $3,587
-
17 · Travel
total $2,703 · program services $2,703
-
21 · Payments to affiliates
total $532,210 · program services $532,210
-
23 · Insurance
total $1,836 · program services $1,836
-
24a · Other expenses: MEALS - SPECIAL EVENTS
total $31,047 · program services $31,047
-
24b · Other expenses: SPECIAL PROJECTS
total $4,130 · program services $4,130
-
24c · Other expenses: CONTRACTED SERVICES
total $2,620 · program services $2,620
-
24d · Other expenses: SUBSCRIPTIONS /BOOKS
total $280 · program services $280
-
24e · All other expenses
total $90 · program services $90
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $575,068 · end of year $1,012,558
-
11 · Investments: publicly traded securities
beginning of year $19,515,044 · end of year $21,252,468
-
15 · Other assets
beginning of year $523,971 · end of year $523,971
-
17 · Accounts payable and accrued expenses
beginning of year $8,875 · end of year $7,500
-
31 · Retained earnings, endowment or other funds
beginning of year $20,605,208 · end of year $22,781,497
Mission and programs · 2023
Mission
STUDENTS ARE AT THE HEART OF OUR MISSION. THE PURPOSES AND OBJECTIVES OF THE HARTFORD ART SCHOOL ENDOWMENT, INC. ARE TO MONITOR AND ASSIST THE UNIVERSITY OF HARTFORD IN THE CONDUCT OF THE HARTFORD ART SCHOOL AS A FIRST QUALITY, FULLY ACCREDITED PROFESSIONAL SCHOOL OF FINE ARTS, AND FURTHER TO PROMOTE AND ENCOURAGE THE STUDY AND PRACTICE OF FINE ARTS AND ANY RELATED STUDIO DISCIPLINES WHICH IN ITS' OPINION ARE NECESSARY, VALUABLE AND PERTINENT TO THE CURRICULUM OF SUCH A SCHOOL.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $589,921
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Marty BaronMARTY BARON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tom BradleyTOM BRADLEY
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Stephan L ChristiansenSTEPHAN L CHRISTIANSEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Danuta Syp GordonDANUTA SYP GORDON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531289349302548
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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