New Conservatory
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 118
- Location
- San Francisco, CA
- Founding
- 12/1981
- Data as of
- 08/2021
- EIN
- 94-2778856
Organization Overview
New Conservatory is located in San Francisco, CA. The organization was established in 1981. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, New Conservatory employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Conservatory 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 08/2021, New Conservatory generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.1m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NEW CONSERVATORY THEATRE CENTER IS TO CHAMPION INNOVATIVE HIGH-QUALITY EXPERIENCES FOR YOUTH, ADULTS AND ARTISTS TO EFFECT PERSONAL AND SOCIETAL GROWTH, ENLIGHTENMENT AND CHANGE. THERE ARE SIX PRIMARY PROGRAMS AT NCTC PRIDE SEASON PLAYS, YOUTH ADULT CONSERVATORY, YOUTHAWARE, THEATRE PERFORMANCES, NEW PLAYS COMMISSIONS EMERGING ARTISTS PROGRAMS AND CABARET SERIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMING ARTS SCHOOL FOR CHILDREN AGES 4-19 DEVOTED TO CHILDRENS THEATRE TRAINING AND TO COMMUNITY OUTREACH PROGRAMS.
TOURING COMPANY PERFORMING AT NORTHERN CALIFORNIA SCHOOLS.
PRIDE SEASON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Decker Artistic Director | OfficerTrustee | 40 | $78,696 |
Larry Vales Chair | OfficerTrustee | 5 | $0 |
Eli Lazarus Secretary | OfficerTrustee | 5 | $0 |
Eric Valko Tresurer | OfficerTrustee | 5 | $0 |
Andrew Smith Chair Emeritus | OfficerTrustee | 5 | $0 |
Name Not Listed Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,146 |
| Related organizations | $0 |
| Government grants | $226,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,013,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,241,189 |
| Total Program Service Revenue | $48,299 |
| Investment income | $11,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,506,503 |
| 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. | $88,727 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $694,411 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,182 |
| Payroll taxes | $6,219 |
| 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 | $0 |
| Advertising and promotion | $27,142 |
| Office expenses | $17,727 |
| Information technology | $26,955 |
| Royalties | $650 |
| Occupancy | $86,763 |
| Travel | $7,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,200 |
| Interest | $412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,258 |
| Insurance | $36,677 |
| All other expenses | $988 |
| Total functional expenses | $1,145,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,509,184 |
| Pledges and grants receivable | $166,970 |
| Accounts receivable, net | $0 |
| 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 | $28,128 |
| Net Land, buildings, and equipment | $202,260 |
| Investments—publicly traded securities | $570,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,477,358 |
| Accounts payable and accrued expenses | $52,390 |
| Grants payable | $0 |
| Deferred revenue | $124,990 |
| 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 | $89,642 |
| Total liabilities | $267,022 |
| Net assets without donor restrictions | $2,081,836 |
| Net assets with donor restrictions | $128,500 |
| 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 | $2,477,358 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that New Conservatory has recieved totaling $238,811.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $120,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $60,000 |
James Irvine Foundation San Francisco, CA PURPOSE: FOR UNRESTRICTED SUPPORT | $24,316 |
Bernard Osher Foundation San Francisco, CA PURPOSE: ARTS AND HUMANITIES | $11,250 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $10,645 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $7,400 |
Endowment Analysis
| Beg. Balance | $43,363 |
| Earnings | $8,446 |
| Other Expense | $1,525 |
| Ending Balance | $50,284 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Academy Of The West Santa Barbara, CA | $120,750,921 | $15,444,605 |
Community Music Center San Francisco, CA | $15,281,174 | $7,950,655 |
Community School Of Music And Arts Mountain View, CA | $18,628,663 | $6,488,682 |
East Bay Center For The Performing Arts Richmond, CA | $17,638,229 | $4,210,824 |
Pasadena Conservatory Of Music Pasadena, CA | $15,881,465 | $7,957,752 |
Rlg Land Foundation Bakersfield, CA | $25,153,075 | $1,533,826 |
Etm-La Inc Burbank, CA | $1,833,553 | $2,704,236 |
Northwest Childrens Theater And School Inc Portland, OR | $1,969,323 | $1,602,828 |
Northwest Professional Dance Project Portland, OR | $1,772,788 | $1,279,998 |
Stanford Jazz Workshop Stanford, CA | $2,242,976 | $2,072,120 |
College Of Adaptive Arts Saratoga, CA | $617,789 | $1,346,565 |
Claremont Community School Of Music Claremont, CA | $591,718 | $1,260,118 |