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Nonprofiteer
← NEW BRITAIN INSTITUTE

Form 990 for tax year 2023

Filed by NEW BRITAIN INSTITUTE.

Totals

Total revenue
$4,744,449
Total expenses
$3,902,506
Contributions and grants received
$4,271,792
Grants paid
$0
Program service revenue
$163,711
Investment income
$307,958
Other revenue
$988
Total assets, end of year
$9,368,691
Total liabilities, end of year
$333,755
Net assets or fund balances, end of year
$9,034,936
Program services expenses (Part IX)
$3,453,572
Management and general expenses
$448,934
Fundraising expenses
$0
Program service expenses (Part III)
$3,453,572

Program services were 88.5% 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

    $38,477

  • 1c · Fundraising events

    $5,179

  • 1e · Government grants (contributions)

    $3,655,896

  • 1f · All other contributions, gifts and grants

    $572,240

  • 2a · Program service revenue: YOUTH MUSEUM

    total $141,245 · related or exempt $141,245

  • 2b · Program service revenue: INSTITUE

    total $16,070 · related or exempt $16,070

  • 2c · Program service revenue: PUBLIC LIBRARY

    total $6,396 · related or exempt $6,396

  • 3 · Investment income

    total $290,271 · excluded $290,271

  • 7a · Gross sales of assets other than inventory

    securities $462,514

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

    securities $444,827

  • 7c · Gain or loss

    securities $17,687

  • 7d · Net gain or loss

    total $17,687 · excluded $17,687

  • 8a · Fundraising events: gross income

    $2,966

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

    $5,179

  • 8b · Fundraising events: direct expenses

    $1,788

  • 8c · Net income from fundraising events

    total $1,178 · excluded $1,178

  • 10a · Gross sales of inventory

    $2,374

  • 10b · Cost of goods sold

    $2,564

  • 10c · Net income from sales of inventory

    total -$190 · excluded -$190

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $117,411 · program services $106,844 · management and general $10,567

  • 7 · Other salaries and wages

    total $2,007,277 · program services $1,826,624 · management and general $180,653

  • 8 · Pension plan contributions

    total $74,732 · program services $64,345 · management and general $10,387

  • 9 · Other employee benefits

    total $338,667 · program services $308,187 · management and general $30,480

  • 10 · Payroll taxes

    total $178,608 · program services $162,533 · management and general $16,075

  • 11b · Fees: legal

    total $2,976 · program services $238 · management and general $2,738

  • 11c · Fees: accounting

    total $24,250 · program services $3,110 · management and general $21,140

  • 11f · Fees: investment management

    total $52,482 · management and general $52,482

  • 11g · Fees: other

    total $46,822 · program services $118 · management and general $46,704

  • 12 · Advertising and promotion

    total $973 · program services $973

  • 13 · Office expenses

    total $127,480 · program services $116,105 · management and general $11,375

  • 14 · Information technology

    total $10,433 · program services $10,109 · management and general $324

  • 16 · Occupancy

    total $252,557 · program services $203,022 · management and general $49,535

  • 17 · Travel

    total $2,152 · program services $2,152

  • 19 · Conferences, conventions and meetings

    total $14,402 · program services $14,397 · management and general $5

  • 22 · Depreciation, depletion and amortization

    total $135,341 · program services $135,341

  • 23 · Insurance

    total $49,006 · program services $48,866 · management and general $140

  • 24a · Other expenses: LIBRARY SERVICES

    total $455,394 · program services $441,537 · management and general $13,857

  • 24e · All other expenses

    total $11,543 · program services $9,071 · management and general $2,472

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,810,926 · end of year $2,011,836

  • 2 · Savings and temporary cash investments

    beginning of year $351,613 · end of year $352,020

  • 4 · Accounts receivable

    end of year $8,707

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

    $4,030,935

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

    $2,020,358

  • 10c · Land, buildings and equipment, net

    beginning of year $1,573,015 · end of year $2,010,577

  • 11 · Investments: publicly traded securities

    beginning of year $4,091,260 · end of year $4,489,776

  • 15 · Other assets

    beginning of year $462,427 · end of year $495,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $365,261 · end of year $333,755

  • 27 · Net assets without donor restrictions

    beginning of year $7,104,166 · end of year $8,182,544

  • 28 · Net assets with donor restrictions

    beginning of year $819,814 · end of year $852,392

Mission and programs · 2023

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 $2,856,053 · Revenue $6,396

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

    Expenses $559,041 · Revenue $141,245

  • 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 $38,478

As filed on the 2023 return.

Listed in Part VII

  • GEOFFREY BRAY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • FRANCIS VOLZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ANDREW MCCARTHY

    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

  • PATRICIA RUTKOWSKI

    FORMER LIBRARY DIRECTOR

    Total calculated
    $154,531
    From this org
    $117,411
    From related orgs
    $0
    Other
    $37,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,411
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $37,120
    Filer's total
    $154,531

  • TAMI CHRISTOPHER

    CURRENT YOUTH MUSEUM DIRECTOR

    Total calculated
    $19,615
    From this org
    $19,615
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • VIKTOR SJOBERG

    CURRENT LIBRARY DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • THOMAS PASCOCELLO

    FORMER YOUTH MUSEUM DIRECTOR

    Total calculated
    $49,506
    From this org
    $49,506
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
27 March 2025
IRS schema version
2023v6.0
Source object
202540919349300409

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