Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $385,533

• 1d · Related organizations

  $25,000

• 1e · Government grants (contributions)

  $1,043,971

• 1f · All other contributions, gifts and grants

  $4,091,594

• 1g · Noncash contributions included above

  $28,817

• 2a · Program service revenue: EVENT REVENUE

  total $19,487,787 · related or exempt $19,487,787

• 2b · Program service revenue: OTHER EARNED INCOME

  total $3,375,288 · related or exempt $3,317,327 · unrelated business $57,961

• 3 · Investment income

  total $1,035,323 · excluded $1,035,323

• 8a · Fundraising events: gross income

  $192,429

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

  $385,533

• 8b · Fundraising events: direct expenses

  $192,429

• 8c · Net income from fundraising events

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,713,400 · program services $1,076,830 · management and general $380,679 · fundraising $255,891

• 7 · Other salaries and wages

  total $6,763,049 · program services $4,157,923 · management and general $1,564,551 · fundraising $1,040,575

• 8 · Pension plan contributions

  total $169,368 · program services $123,653 · management and general $26,103 · fundraising $19,612

• 9 · Other employee benefits

  total $1,142,251 · program services $833,937 · management and general $176,044 · fundraising $132,270

• 10 · Payroll taxes

  total $553,277 · program services $403,938 · management and general $85,271 · fundraising $64,068

• 11b · Fees: legal

  total $84,516 · program services $66,601 · management and general $17,915

• 11c · Fees: accounting

  total $96,065 · management and general $96,065

• 11d · Fees: lobbying

  total $52,998 · program services $52,998

• 11e · Fees: professional fundraising services

  total $184,860 · fundraising $184,860

• 11f · Fees: investment management

  total $103,270 · management and general $103,270

• 11g · Fees: other

  total $1,054,591 · program services $503,121 · management and general $210,208 · fundraising $341,262

• 12 · Advertising and promotion

  total $1,662,166 · program services $1,566,185 · fundraising $95,981

• 13 · Office expenses

  total $1,346,235 · program services $929,981 · management and general $347,028 · fundraising $69,226

• 16 · Occupancy

  total $2,652,861 · program services $1,326,431 · management and general $265,286 · fundraising $1,061,144

• 17 · Travel

  total $434,809 · program services $249,403 · management and general $74,812 · fundraising $110,594

• 20 · Interest

  total $134,812 · program services $26,536 · management and general $21,655 · fundraising $86,621

• 22 · Depreciation, depletion and amortization

  total $1,989,510 · program services $994,752 · management and general $198,952 · fundraising $795,806

• 23 · Insurance

  total $312,850 · program services $156,425 · management and general $31,285 · fundraising $125,140

• 24a · Other expenses: PERFORMERS FEES

  total $10,080,976 · program services $10,077,220 · fundraising $3,756

• 24b · Other expenses: EDUCATION PROGRAM EXPEN

  total $175,897 · program services $175,897

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $141,172 · program services $70,756 · management and general $67,510 · fundraising $2,906

• 24d · Other expenses: DONOR RECOGNITION

  total $140,676 · fundraising $140,676

• 24e · All other expenses

  total $166,116 · program services $132,079 · management and general $34,037

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,325,313 · end of year $11,398,308

• 3 · Pledges and grants receivable

  beginning of year $971,912 · end of year $778,511

• 4 · Accounts receivable

  beginning of year $252,328 · end of year $324,115

• 9 · Prepaid expenses and deferred charges

  beginning of year $569,800 · end of year $435,983

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

  $78,538,492

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

  $43,715,640

• 10c · Land, buildings and equipment, net

  beginning of year $35,997,834 · end of year $34,822,852

• 11 · Investments: publicly traded securities

  beginning of year $25,844,667 · end of year $28,259,055

• 12 · Investments: other securities

  beginning of year $665,960 · end of year $665,960

• 15 · Other assets

  beginning of year $2,354,488 · end of year $2,451,399

• 17 · Accounts payable and accrued expenses

  beginning of year $2,084,841 · end of year $2,379,522

• 19 · Deferred revenue

  beginning of year $6,890,651 · end of year $9,227,347

• 23 · Secured mortgages and notes payable

  beginning of year $4,265,066 · end of year $3,626,232

• 27 · Net assets without donor restrictions

  beginning of year $46,017,348 · end of year $45,698,662

• 28 · Net assets with donor restrictions

  beginning of year $16,724,396 · end of year $18,204,420

The filer's explanations (Part III)

PART I, LINE 7

THE EXECUTIVE TEAM RECEIVED A BOARD APPROVED CALENDAR YEAR BONUS WHICH WAS REPORTED IN THEIR 2023 W2S.

Disregarded entities

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

• BUSHNELL MANAGEMENT SERVICES LLC

  VENUE MANAGEMENT · CT · income $159,500 · assets $0

  Directly controlled by THE HORACE BUSHNELL MEMORIAL HALL