Form 990 for tax year 2022
Filed by SCHOOL OF THE ARTS FOUNDATION INC.
Totals
- Total revenue
- $3,329,036
- Total expenses
- $2,621,107
- Contributions and grants received
- $1,938,760
- Grants paid
- $1,689,585
- Program service revenue
- $0
- Investment income
- $668,100
- Other revenue
- $722,176
- Total assets, end of year
- $11,651,038
- Total liabilities, end of year
- $389,487
- Net assets or fund balances, end of year
- $11,261,551
- Program services expenses (Part IX)
- $1,689,585
- Management and general expenses
- $576,701
- Fundraising expenses
- $354,821
- Program service expenses (Part III)
- $1,689,585
Program services were 64.5% 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.
-
1c · Fundraising events
$88,463
-
1f · All other contributions, gifts and grants
$1,850,297
-
1g · Noncash contributions included above
$88,463
-
3 · Investment income
total $294,423 · excluded $294,423
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $5,541,391
-
7b · Less cost or other basis and sales expenses
securities $5,167,714
-
7c · Gain or loss
securities $373,677
-
7d · Net gain or loss
total $373,677 · related or exempt $373,677
-
8a · Fundraising events: gross income
$977,364
-
8a · Fundraising events: contributions included on line 1c
$88,463
-
8b · Fundraising events: direct expenses
$255,188
-
8c · Net income from fundraising events
total $722,176
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,088,549 · program services $1,088,549
-
2 · Grants to domestic individuals
total $601,036 · program services $601,036
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $182,269 · management and general $72,908 · fundraising $109,361
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $314,837 · management and general $125,934 · fundraising $188,903
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $32,003 · management and general $12,801 · fundraising $19,202
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $4,622 · management and general $4,622
-
11c · Fees: accounting
total $12,500 · management and general $12,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $35,599 · management and general $35,599
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $31,033 · management and general $31,033
-
13 · Office expenses
total $0
-
14 · Information technology
total $14,811 · management and general $5,924 · fundraising $8,887
-
15 · Royalties
total $0
-
16 · Occupancy
total $12,086 · management and general $9,064 · fundraising $3,022
-
17 · Travel
total $2,871 · management and general $2,871
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $12,086 · management and general $12,086
-
23 · Insurance
total $9,135 · management and general $6,851 · fundraising $2,284
-
24a · Other expenses: Bad Debt
total $200,000 · management and general $200,000
-
24b · Other expenses: Bank & Merchant Fees
total $20,230 · management and general $8,092 · fundraising $12,138
-
24c · Other expenses: Development Expenses
total $17,967 · management and general $17,967
-
24d · Other expenses: Printing & Postage
total $9,542 · management and general $3,817 · fundraising $5,725
-
24e · All other expenses
total $19,931 · management and general $14,632 · fundraising $5,299
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,453,456 · end of year $683,363
-
2 · Savings and temporary cash investments
beginning of year $1,685,141 · end of year $15,407
-
3 · Pledges and grants receivable
beginning of year $908,655 · end of year $629,050
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$162,328
-
10b · Land, buildings and equipment: accumulated depreciation
$71,881
-
10c · Land, buildings and equipment, net
beginning of year $102,533 · end of year $90,447
-
11 · Investments: publicly traded securities
beginning of year $6,046,217 · end of year $9,988,685
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $238,547 · end of year $244,086
-
17 · Accounts payable and accrued expenses
beginning of year $71,270 · end of year $23,135
-
18 · Grants payable
beginning of year $23,031 · end of year $41,304
-
25 · Other liabilities
beginning of year $98,908 · end of year $325,048
-
27 · Net assets without donor restrictions
beginning of year $633,676 · end of year $1,088,147
-
28 · Net assets with donor restrictions
beginning of year $9,607,664 · end of year $10,173,404
Mission and programs · 2022
Mission
To enhance the art and academic programs at the internationally recognized Alexander W Dreyfoos School of the Arts. Funds raised by the foundation provide for cuuriculum enhancements that cannot be funded through the school district.
Activities or mission (Part I)
To generate economic and community support for the Alexander W Dreyfoos School of the Arts as well as generate charitable, scientific, literary & educational activities for the school.
-
Supplemental School Funding to assist students within each of the six art disciplines. Funds are also used for long term enrichment programs including equipment and materials, guest teachers and speakers, costumes and supplies.
Expenses $1,088,549 · Grants $1,088,549
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $601,036 · Grants $601,036
As filed on the 2022 return. 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
-
Chris Snyder
Executive Director
- Total calculated
- $182,269
- From this org
- $177,019
- From related orgs
- $0
- Other
- $5,250
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- $25,000
- Other
- $2,019
- Deferred
- $5,250
- Nontaxable benefits
- not reported
- Filer's total
- $182,269
-
Simon Benson Offit
Chair Emeritus
- Total calculated
- $0
- Hours/week
- 3
-
Barry Blumberg
Director
- Total calculated
- $0
- Hours/week
- 0
-
Edmund J Duhy
Director
- Total calculated
- $0
- Hours/week
- 1
-
George T Elmore
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Dorothy L Lappin
Emeritus Dir
- Total calculated
- $0
- Hours/week
- 1
-
Ricki Gail Conway
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Marie Conte Browne
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Joan Javits Zeeman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Adam Hecht
Director
- Total calculated
- $0
- Hours/week
- 1
-
Morris Banks Esq
Director
- Total calculated
- $0
- Hours/week
- 1
-
Patrick S Cousins Esq
Director
- Total calculated
- $0
- Hours/week
- 1
-
Martin D Jacobson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carole Hankin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jo Anne Moeller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne Payson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Donald Silpe
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Vehab
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marcie Gorman
Emeritus Board
- Total calculated
- $0
- Hours/week
- 1
-
Sue Patterson
Emeritus Board
- Total calculated
- $0
- Hours/week
- 2
-
Edward M Ricci Esq
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joseph B Scheller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ellen Liman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Denise Kalland Esq
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Manley H Thaler Esq
Director
- Total calculated
- $0
- Hours/week
- 1
-
Darlene Dzuba
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gail Hughes Galli
Emeritus Board
- Total calculated
- $0
- Hours/week
- 1
-
Gil Cohen
Vice-Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Nancy Hart
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth Wyse
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alice Randolph
Director
- Total calculated
- $0
- Hours/week
- 1
-
Karen Swanson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jodi Luntz
Emeritus Board
- Total calculated
- $0
- Hours/week
- 1
-
Francine Walker
Emeritus Board
- Total calculated
- $0
- Hours/week
- 1
-
Cindy Costello Mandes
Emeritus Board
- Total calculated
- $0
- Hours/week
- 1
-
Sydelle Meyer
Emeritus Board
- 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. 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
- 3 · Approval by the board or compensation committee
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
-
Dreyfoos School of the Arts
$1,088,549
School Funding
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410169349302401
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