LYME ACADEMY OF FINE ARTS INC

As filed

Subsection

03

NTEE code

A250

Classification

2000

Street

84 LYME ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• In 2021, with fresh leadership at its helm, the Lyme Academy of Fine Arts reopened its doors to students, and welcomed a new generation of success. Under the guidance of a Board of Trustees that has clarified and sharpened the Academys mission, Artistic Direction that is inspiring a new generation of students and a Sculpture program that is the realization of the original vision of the Academys founder, sculptor Elisabeth Gordon Chandler. Artistic directors, Jordan Sokol and Amaya Gurpide have generated interest in the programs of the Lyme Academy of Fine Arts that has grown steadily over the last four years.Recent major gifts have provided support to the endowment of three faculty chair positions, significant capital projects, general operating needs, and have provided the Academy with stability and growth. Key new positions, including the Charlotte Colby Danly Sculpture Chair, Managing Director, and additional staff and faculty have also contributed to growth. The Academys rebirth is evident in the increasing number of students attending, which has met and exceeded the targets set in its multi-year strategic plan. Full-time enrollment has grown from 12 students in 2021-2022, to 44 in 2024-2025, and 53 STUDENTS IN THIS ACADEMIC YEAR. The Academy is limiting its growth to roughly ten additional new students per year, which allows for a high degree of selectivity in admissions as the program grows towards its full enrollment target of 80 students in the 2028-29 academic year. The Academy also serves hundreds of students through Youth Programs, Continuing Education, Workshops and guest lectures.

  Expenses $1,867,871

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $3,292,651

  Expenses

  $2,410,000

  Contributions

  $1,802,127

  Grants paid

  $105,370

• 2023

  Revenue

  $2,660,721

  Expenses

  $2,155,065

  Contributions

  $803,127

  Grants paid

  $61,690

• 2022

  Revenue

  $1,429,130

  Expenses

  $1,787,486

  Contributions

  $455,831

  Grants paid

  $42,875

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $2,513,940

  Expenses

  $1,582,637

  Assets (EOY)

  $14,295,843

• 2020 · 990

  Revenue

  $518,203

  Expenses

  $922,311

  Assets (EOY)

  $13,826,487

• 2014 · 990

  Revenue

  $3,699,064

  Expenses

  $4,529,493

  Assets (EOY)

  $18,431,154

• 2013 · 990

  Revenue

  $5,639,735

  Expenses

  $4,458,143

  Assets (EOY)

  $12,746,161

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $4,019,751

  Assets (EOY)

  $11,523,409

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $3,910,627

  Assets (EOY)

  $11,230,237

• 2010 · 990

  Revenue

  — not reported

  Expenses

  $3,325,757

  Assets (EOY)

  $11,467,657

• 2009 · 990

  Revenue

  — not reported

  Expenses

  $3,831,251

  Assets (EOY)

  $11,525,099

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• DONOR ADVISED CHARITABLE GIVING

  $377,000

  2024 · ARTS, CULTURE & HUMANITIES

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $163,100

  2023 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $78,000

  2024 · For grant recipient's exempt purposes

• CONNECTICUT HUMANITIES COUNCIL

  $50,500

  2022 · CT CULTURAL FUND OPE

• AMERICAN ENDOWMENT FOUNDATION

  $50,000

  2023 · ARTS, CULTURE

• AMERICAN ENDOWMENT FOUNDATION

  $50,000

  2024 · ARTS, CULTURE

• AMERICAN ENDOWMENT FOUNDATION

  $25,000

  2022 · ARTS, CULTURE

• THE NEW YORK COMMUNITY TRUST

  $20,000

  2023 · FOR A SCHOLARSHIP AWARD.

• THE NEW YORK COMMUNITY TRUST

  $15,000

  2024 · FOR A SCHOLARSHIP AWARD.

• DONOR ADVISED CHARITABLE GIVING

  $14,700

  2022 · ARTS, CULTURE & HUMANITIES

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files