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Nonprofiteer
← NEW BRITAIN INSTITUTE

Form 990 for tax year 2024

Filed by NEW BRITAIN INSTITUTE.

Totals

Total revenue
$4,975,147
Total expenses
$4,213,970
Contributions and grants received
$4,301,703
Grants paid
$0
Program service revenue
$88,207
Investment income
$570,954
Other revenue
$14,283
Total assets, end of year
$10,159,032
Total liabilities, end of year
$328,739
Net assets or fund balances, end of year
$9,830,293
Program services expenses (Part IX)
$3,584,509
Management and general expenses
$629,461
Fundraising expenses
$0
Program service expenses (Part III)
$3,584,509

Program services were 85.1% 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.

  • 1b · Membership dues

    $42,566

  • 1c · Fundraising events

    $17,792

  • 1e · Government grants (contributions)

    $3,328,079

  • 1f · All other contributions, gifts and grants

    $913,266

  • 2a · Program service revenue: YOUTH MUSEUM

    total $81,584 · related or exempt $81,584

  • 2b · Program service revenue: PUBLIC LIBRARY

    total $6,623 · related or exempt $6,623

  • 3 · Investment income

    total $548,496 · excluded $548,496

  • 7a · Gross sales of assets other than inventory

    securities $256,267

  • 7b · Less cost or other basis and sales expenses

    securities $233,809

  • 7c · Gain or loss

    securities $22,458

  • 7d · Net gain or loss

    total $22,458 · excluded $22,458

  • 8a · Fundraising events: gross income

    $4,788

  • 8a · Fundraising events: contributions included on line 1c

    $17,792

  • 8b · Fundraising events: direct expenses

    $7,292

  • 8c · Net income from fundraising events

    total -$2,504 · excluded -$2,504

  • 10a · Gross sales of inventory

    $16,897

  • 10b · Cost of goods sold

    $110

  • 10c · Net income from sales of inventory

    total $16,787 · excluded $16,787

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $203,588 · program services $183,016 · management and general $20,572

  • 7 · Other salaries and wages

    total $2,214,954 · program services $1,875,379 · management and general $339,575

  • 8 · Pension plan contributions

    total $47,050 · program services $43,204 · management and general $3,846

  • 9 · Other employee benefits

    total $263,892 · program services $236,975 · management and general $26,917

  • 10 · Payroll taxes

    total $183,458 · program services $156,190 · management and general $27,268

  • 11b · Fees: legal

    total $15,182 · management and general $15,182

  • 11c · Fees: accounting

    total $18,030 · management and general $18,030

  • 11f · Fees: investment management

    total $59,043 · management and general $59,043

  • 11g · Fees: other

    total $44,864 · program services $26,405 · management and general $18,459

  • 12 · Advertising and promotion

    total $17,668 · program services $77 · management and general $17,591

  • 13 · Office expenses

    total $155,248 · program services $133,212 · management and general $22,036

  • 14 · Information technology

    total $31,147 · program services $31,122 · management and general $25

  • 16 · Occupancy

    total $320,016 · program services $267,528 · management and general $52,488

  • 17 · Travel

    total $2,728 · program services $2,728

  • 19 · Conferences, conventions and meetings

    total $8,250 · program services $8,233 · management and general $17

  • 22 · Depreciation, depletion and amortization

    total $155,807 · program services $155,807

  • 23 · Insurance

    total $51,142 · program services $50,991 · management and general $151

  • 24a · Other expenses: LIBRARY SERVICES

    total $410,481 · program services $410,481

  • 24e · All other expenses

    total $11,422 · program services $3,161 · management and general $8,261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,011,836 · end of year $2,267,287

  • 2 · Savings and temporary cash investments

    beginning of year $352,020 · end of year $371,605

  • 4 · Accounts receivable

    beginning of year $8,707 · end of year $3,223

  • 10a · Land, buildings and equipment: cost or other basis

    $4,329,880

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,176,165

  • 10c · Land, buildings and equipment, net

    beginning of year $2,010,577 · end of year $2,153,715

  • 11 · Investments: publicly traded securities

    beginning of year $4,489,776 · end of year $4,834,501

  • 15 · Other assets

    beginning of year $495,775 · end of year $528,701

  • 17 · Accounts payable and accrued expenses

    beginning of year $333,755 · end of year $328,739

  • 27 · Net assets without donor restrictions

    beginning of year $8,182,544 · end of year $9,093,932

  • 28 · Net assets with donor restrictions

    beginning of year $852,392 · end of year $736,361

Mission and programs · 2024

Mission

'TO PROMOTE LITERACY, SCIENCE, AND CULTURE IN THE CITY OF NEW BRITAIN, CT THROUGH THE FOLLOWING BRANCHES: THE NEW BRITAIN PUBLIC LIBRARY, THE NEW BRITAIN YOUTH MUSEUM, AND THE NEW BRITAIN INDUSTRIAL MUSEUM

Activities or mission (Part I)

TO PROMOTE LITERACY, SCIENCE, AND CULTURE IN THE CITY OF NEW BRITAIN

  • NEW BRITAIN PUBLIC LIBRARY - TO PROVIDE RESEARCH AND EDUCATIONAL MATERIALS AND SERVICES TO THE COMMUNITY.

    Expenses $2,889,211 · Revenue $6,623

  • NEW BRITAIN YOUTH MUSEUM - TO PROVIDE A BROAD RANGE OF EDUCATIONAL AND CULTURAL PROGRAMMING FOR CHILDREN.

    Expenses $619,310 · Revenue $81,584

  • NEW BRITAIN INDUSTRIAL MUSEUM - TO CREATE AN APPRECIATION FOR THE CITY'S PAST ACCOMPLISHMENTS AS "THE HARDWARE CITY OF THE WORLD AND TO REIGNITE IN YOUNG PEOPLE, A PRIDE IN THE COMMUNITY, SO THAT THEY TO CAN DEMONSTRATE HOW ECONOMIC SUCCESS CAN BE GENERATED THROUGH CREATIVENESS, FORESIGHT AND A STRONG WORK ETHIC.

    Expenses $75,988

As filed on the 2024 return.

Listed in Part VII

  • GEOFFREY BRAY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • FRANCIS VOLZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MARYANNE KOLITSIDAS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIE WARD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL HUMEN

    CHAIR OF LIBRARY COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • JONATHON SCOTT

    CHAIR OF INDUSTRIAL MUSEUM

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER LASARACINA

    CHAIR OF YOUTH MUSEUM COMM

    Total calculated
    $0
    Hours/week
    1

  • GILBERT GIGLIOTTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL CARRIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HOWARD DYSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICK LOPES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHIRLEY BENDZA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN WHALEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICOLE BOSCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SONDRA SANFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA SANTOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUAN BERRIOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAMI CHRISTOPHER

    YOUTH MUSEUM DIREC

    Total calculated
    $97,070
    From this org
    $97,070
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • VIKTOR SJOBERG

    LIBRARY DIRECTOR

    Total calculated
    $106,518
    From this org
    $94,039
    From related orgs
    $0
    Other
    $12,479
    Hours/week
    40

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202611269349301531

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