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Nonprofiteer
← CONSERVATORY LAB FOUNDATION INC

Form 990 for tax year 2024

Filed by CONSERVATORY LAB FOUNDATION INC.

Totals

Total revenue
$2,791,202
Total expenses
$5,939,620
Contributions and grants received
$3,364,472
Grants paid
$4,122,162
Program service revenue
$13,527
Investment income
$314,279
Other revenue
-$901,076
Total assets, end of year
$43,771,214
Total liabilities, end of year
$44,173,199
Net assets or fund balances, end of year
-$401,985
Program services expenses (Part IX)
$5,497,877
Management and general expenses
$19,030
Fundraising expenses
$422,713
Program service expenses (Part III)
$5,497,877

Program services were 92.6% 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

    $3,364,472

  • 1g · Noncash contributions included above

    $506,359

  • 2a · Program service revenue: RENTAL INCOME

    total $13,527 · related or exempt $13,527

  • 3 · Investment income

    total $320,247 · related or exempt $320,247

  • 7a · Gross sales of assets other than inventory

    securities $500,391

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

    securities $506,359

  • 7c · Gain or loss

    securities -$5,968

  • 7d · Net gain or loss

    total -$5,968 · related or exempt -$5,968

  • 8a · Fundraising events: gross income

    $7,440

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $7,440 · excluded $7,440

  • 11a · Other revenue: LOSS ON DISPOSAL OF PR

    total -$6,162 · related or exempt -$6,162

  • 11b · Other revenue: CHANGE IN VALUE OF INT

    total -$902,354 · related or exempt -$902,354

  • 11e · Other revenue, total

    -$908,516

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,122,162 · program services $4,122,162

  • 7 · Other salaries and wages

    total $275,346 · management and general $13,767 · fundraising $261,579

  • 8 · Pension plan contributions

    total $16,638 · management and general $832 · fundraising $15,806

  • 10 · Payroll taxes

    total $28,809 · management and general $1,441 · fundraising $27,368

  • 11c · Fees: accounting

    total $22,750 · management and general $1,138 · fundraising $21,612

  • 11g · Fees: other

    total $2,744 · management and general $137 · fundraising $2,607

  • 13 · Office expenses

    total $2,214 · management and general $926 · fundraising $1,288

  • 20 · Interest

    total $1,375,715 · program services $1,375,715

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $68,934 · fundraising $68,934

  • 24b · Other expenses: RECRUITING

    total $13,128 · management and general $656 · fundraising $12,472

  • 24c · Other expenses: DEVELOPMENT SOFTWARE

    total $8,530 · fundraising $8,530

  • 24d · Other expenses: BANK CHARGES

    total $2,135 · management and general $107 · fundraising $2,028

  • 24e · All other expenses

    total $515 · management and general $26 · fundraising $489

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $473,144 · end of year $1,603,891

  • 2 · Savings and temporary cash investments

    end of year $1,034,825

  • 4 · Accounts receivable

    beginning of year $25,000 · end of year $335,103

  • 7 · Other notes and loans receivable

    beginning of year $19,359,814 · end of year $38,608,682

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

    $982,604

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $4,093,457 · end of year $982,604

  • 12 · Investments: other securities

    beginning of year $938,568 · end of year $0

  • 15 · Other assets

    beginning of year $379,199 · end of year $1,206,109

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,666 · end of year $39,388

  • 23 · Secured mortgages and notes payable

    beginning of year $20,916,156 · end of year $41,949,973

  • 25 · Other liabilities

    beginning of year $1,517,927 · end of year $2,183,838

  • 27 · Net assets without donor restrictions

    beginning of year $1,405,407 · end of year -$3,985,516

  • 28 · Net assets with donor restrictions

    beginning of year $1,341,026 · end of year $3,583,531

Mission and programs · 2024

Mission

THE FOUNDATION'S PURPOSE IS TO SUPPORT THE DISSEMINATION OF LEARNING THROUGH MUSIC AS AN EDUCATIONAL MODEL.

  • THE FOUNDATION RAISED FUNDS TO RENOVATE THE LOWER SCHOOL BUILDING, THUS BENEFITING THE PROGRAMS FOR THE DISSEMINATION OF LEARNING THRU MUSIC AS AN EDUCATIONAL MODEL

    Expenses $3,556,037 · Grants $3,556,037 · Revenue $2,272,505

  • THE FOUNDATION RAISED FUNDS TO BENEFIT THE PROGRAMS FOR THE DISSEMINATION OF LEARNING THRU MUSIC AS AN EDUCATIONAL MODEL

    Expenses $566,125 · Grants $566,125 · Revenue $1,091,967

  • CONSERVATORY LAB FOUNDATION LEASED A BUILDING TO CONSERVATORY LAB CHARTER SCHOOL.

    Expenses $1,375,715 · Revenue $13,527

As filed on the 2024 return.

Listed in Part VII

  • Katharine M Pell

    CLERK & CLASS B DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dot Joyce

    CLASS A DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Debra L Smith

    ASSISTANT CLERK & CLASS A

    Total calculated
    $0
    Hours/week
    0.25

  • Bradley F Richardson

    CLASS B DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Gut

    CLASS B DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Sheffield

    PRESIDENT & CLASS A DIRECT

    Total calculated
    $0
    Hours/week
    3

  • Shippen Page

    CLASS A DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Grinberg

    TREASURER & CLASS B DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Carter

    CLASS A DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Kemp

    CLASS A DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • CLCS REALTY II

    $3,556,037

    TO PROVIDE FINANCIAL SUPPORT FOR THE RENOVATION OF A SCHOOL BUILDING

  • CONSERVATORY LAB CHARTER SCHOOL

    $566,125

    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

  • CLCS REALTY CORPORATION

    501(c)(3) · DEVELOPED AND LEASES A SCHOOL BUILDING TO CONSERVATORY LAB CHARTER SCHOOL · MA

  • CLCS REALTY II SUPPORT CORPORATION

    501(c)(3) · DEVELOP AND LEASE A SCHOOL BUILDING TO CONSERVATORY LAB CHARTER SCHOOL · MA

Provenance

Return type
form_990
Tax year
2024
Filed
3 March 2026
IRS schema version
2024v5.5
Source object
202620659349301022

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