New Haven International Festival Of Arts & Ideas Inc
- Assets
- $2.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 170
- Location
- New Haven, CT
- Founding
- 04/1996
- Data as of
- 09/2023
- EIN
- 06-1444222
Organization Overview
New Haven International Festival Of Arts & Ideas Inc is located in New Haven, CT. The organization was established in 1996. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, New Haven International Festival Of Arts & Ideas Inc employed 170 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Haven International Festival Of Arts & Ideas Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, New Haven International Festival Of Arts & Ideas Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $3.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS INCORPORATED FOR THE PURPOSE OF ORGANIZING, CONDUCTING AND SUPPORTING A FESTIVAL FOR THE PEFORMING, VISUAL AND LITERARY ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INTERNATIONAL FESTIVAL OF ARTS & IDEAS IS A YEAR-ROUND ORGANIZATION THAT CULMINATES WITH AN ANNUAL CELEBRATION OF PERFORMING ARTS, LECTURES, WORKSHOPS AND TOURS EACH JUNE IN NEW HAVEN, CT. IN 2023, ARTS & IDEAS PRODUCED PUBLIC PROGRAMMING, BOTH IN-PERSON AND ONLINE, THROUGHOUT THE MONTHS OF APRIL THROUGH SEPTEMBER. ADDITIONAL PROGRAMMING INCLUDES A SEMESTER-LONG HIGH SCHOOL FELLOWSHIP PROGRAM, A CITY-WIDE LITERARY CELEBRATION, ARTIST DEVELOPMENT PROGRAMS AND FUNDRAISING EVENTS. ANNUAL ATTENDANCE (IN-PERSON AND VIRTUAL) IN 2023 WAS 100,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Kevin Ewing Vice Chair | OfficerTrustee | 2 | $0 |
Alinor Sterling Vice Chair | OfficerTrustee | 2 | $0 |
Elizabeth Sledge Secretary | OfficerTrustee | 2 | $0 |
Anne Tyler Calabresi Founding Director | Trustee | 2 | $0 |
Dr Roslyn Meyer Founding Director | Trustee | 2 | $0 |
Jenna Allegretto Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,485 |
| Related organizations | $0 |
| Government grants | $760,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,921,515 |
| Noncash contributions included in lines 1a–1f | $31,336 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,823,704 |
| Total Program Service Revenue | $86,375 |
| Investment income | $45,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$53,514 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,901,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,354 |
| Compensation of current officers, directors, key employees. | $42,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,532,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $132,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,771 |
| Advertising and promotion | $0 |
| Office expenses | $59,855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,799 |
| Insurance | $54,624 |
| All other expenses | $227,276 |
| Total functional expenses | $3,787,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,381,374 |
| Accounts receivable, net | $301,587 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $81,687 |
| Net Land, buildings, and equipment | $236,239 |
| Investments—publicly traded securities | $39 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $303,025 |
| Total assets | $2,350,432 |
| Accounts payable and accrued expenses | $443,825 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,041,985 |
| Total liabilities | $1,485,810 |
| Net assets without donor restrictions | $372,122 |
| Net assets with donor restrictions | $492,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,350,432 |