Totals
- Total revenue
- $1,429,130
- Total expenses
- $1,787,486
- Contributions and grants received
- $455,831
- Grants paid
- $42,875
- Program service revenue
- $502,413
- Investment income
- $182,806
- Other revenue
- $288,080
- Total assets, end of year
- $15,291,724
- Total liabilities, end of year
- $1,842,762
- Net assets or fund balances, end of year
- $13,448,962
- Program services expenses (Part IX)
- $1,024,986
- Management and general expenses
- $664,034
- Fundraising expenses
- $98,466
- Program service expenses (Part III)
- $1,024,986
Program services were 57.3% 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.
-
1e · Government grants (contributions)
$45,000
-
1f · All other contributions, gifts and grants
$410,831
-
2a · Program service revenue: OPEN STUDIO DRAWING
total $140 · related or exempt $140
-
2b · Program service revenue: TUITION
total $452,251 · related or exempt $452,251
-
2c · Program service revenue: WORKSHOP FEES
total $4,950 · related or exempt $4,950
-
2d · Program service revenue: YOUTH PROGRAM
total $45,072 · related or exempt $45,072
-
3 · Investment income
total $182,806 · excluded $182,806
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $158,135
-
6c · Rental income or loss
real property $158,135
-
6d · Net rental income or loss
total $158,135 · excluded $158,135
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$384,953
-
10b · Cost of goods sold
$264,027
-
10c · Net income from sales of inventory
total $120,926 · related or exempt $120,926
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $9,019 · excluded $9,019
-
11e · Other revenue, total
$9,019
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $42,875 · program services $42,875
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $536,345 · program services $306,751 · management and general $190,656 · fundraising $38,938
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $47,962 · program services $35,972 · management and general $7,194 · fundraising $4,796
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $2,730 · management and general $2,730
-
11c · Fees: accounting
total $22,065 · management and general $22,065
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $14,988 · management and general $14,988
-
11g · Fees: other
total $237,825 · program services $188,411 · management and general $40,569 · fundraising $8,845
-
12 · Advertising and promotion
total $68,996 · program services $31,165 · management and general $22,592 · fundraising $15,239
-
13 · Office expenses
total $107,804 · program services $62,946 · management and general $27,081 · fundraising $17,777
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $139,569 · program services $97,698 · management and general $41,871
-
17 · Travel
total $14,374 · program services $7,519 · management and general $5,764 · fundraising $1,091
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $450 · program services $450
-
20 · Interest
total $227 · management and general $227
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $278,043 · program services $69,511 · management and general $208,532
-
23 · Insurance
total $91,074 · program services $70,027 · management and general $13,661 · fundraising $7,386
-
24a · Other expenses: PROPERTY MAINTENANCE
total $141,209 · program services $98,846 · management and general $42,363
-
24b · Other expenses: TAXES & LICENSES
total $16,527 · management and general $15,840 · fundraising $687
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $13,340 · program services $6,665 · management and general $5,336 · fundraising $1,339
-
24d · Other expenses: EQUIPMENT RENTAL
total $6,863 · program services $4,073 · management and general $1,876 · fundraising $914
-
24e · All other expenses
total $4,220 · program services $2,077 · management and general $689 · fundraising $1,454
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $737,882 · end of year $735,466
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
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
beginning of year $120,079 · end of year $122,616
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$10,396,221
-
10b · Land, buildings and equipment: accumulated depreciation
$6,938,467
-
10c · Land, buildings and equipment, net
beginning of year $3,684,708 · end of year $3,457,754
-
11 · Investments: publicly traded securities
beginning of year $9,024,974 · end of year $10,232,773
-
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 $728,200 · end of year $743,115
-
25 · Other liabilities
beginning of year $1,829,879 · end of year $1,842,762
-
27 · Net assets without donor restrictions
beginning of year $5,603,089 · end of year $5,055,882
-
28 · Net assets with donor restrictions
beginning of year $6,862,875 · end of year $8,393,080
Mission and programs · 2022
Mission
THE MISSION OF THE LYME ACADEMY OF FINE ARTS IS TO TEACH THE FOUNDATIONAL SKILLS OF DRAWING, PAINTING, AND SCULPTURE IN THE FIGURATIVE TRADITION. BY ITS COMMITMENT TO TRAINING STUDENTS IN THESE SKILLS AND AN ENGAGEMENT WITH CONTEMPORARY DISCOURSE, THE ACADEMY WILL EMPOWER A NEW GENERATION OF ARTISTS. THROUGH ITS PROGRAMS, THE ACADEMY IS COMMITTED TO ENRICHING THE CULTURAL LIFE OF THE COMMUNITY.
Activities or mission (Part I)
Withheld by Nonprofiteer: this text may name a private individual.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $1,024,986 · Revenue $502,413
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
-
Michael DuffyMICHAEL DUFFY
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Laura Lee MillerLAURA LEE MILLER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Paul KnierimPAUL KNIERIM
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Lee BowesLEE BOWES
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Timothy GriswoldTIMOTHY GRISWOLD
Director
- Total calculated
- $0
- Hours/week
- 3
-
Sue JoffraySUE JOFFRAY
Director
- Total calculated
- $0
- Hours/week
- 2
-
David KelseyDAVID KELSEY
Director
- Total calculated
- $0
- Hours/week
- 2
-
Susan SkelseySUSAN SKELSEY
Director
- Total calculated
- $0
- Hours/week
- 2
-
Melissa BarbieriMELISSA BARBIERI
Director
- Total calculated
- $0
- Hours/week
- 2
-
Will AllikWILL ALLIK
Director
- Total calculated
- $0
- Hours/week
- 2
-
Michael GrimaldiMICHAEL GRIMALDI
Director
- Total calculated
- $0
- Hours/week
- 2
-
Eileen EderEILEEN EDER
Director
- Total calculated
- $0
- Hours/week
- 2
-
Cassie ArcherCASSIE ARCHER
Director
- Total calculated
- $0
- Hours/week
- 2
-
Carol JonesCAROL JONES
Director
- Total calculated
- $0
- Hours/week
- 2
-
Joshua JansonJOSHUA JANSON
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lincoln ChanLINCOLN CHAN
Director
- Total calculated
- $0
- Hours/week
- 2
-
Laura HansenLAURA HANSEN
Director
- Total calculated
- $0
- Hours/week
- 2
-
William BachmanWILLIAM BACHMAN
Director
- Total calculated
- $0
- Hours/week
- 2
-
Harry SegalHARRY SEGAL
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mary WilsonMARY WILSON
Director
- Total calculated
- $0
- Hours/week
- 2
-
Allen RosenshineALLEN ROSENSHINE
Director
- Total calculated
- $0
- Hours/week
- 2
-
Russell RushmeierRUSSELL RUSHMEIER
Director
- Total calculated
- $0
- Hours/week
- 2
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333479349301558
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