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CHARTER OAK TEMPLE RESTORATION ASSOCIATION INC

aka Charter Oak Cultural Center   |   Hartford, CT   |  www.charteroakcenter.org
GuideStar Charity Check

CHARTER OAK TEMPLE RESTORATION ASSOCIATION INC

EIN: 06-1026597


Mission

Charter Oak Cultural Center is a nonprofit, multicultural arts center and historic landmark whose mission is to do the work of social justice through the arts in the Hartford metropolitan area and beyond.

Ruling year info

1981

Principal Officer

Rabbi Donna Berman, PhD

Main address

21 Charter Oak Avenue

Hartford, CT 06106 USA

Show more contact info

EIN

06-1026597

Subject area info

Arts and culture

Community and economic development

Youth development

Historical activities

Population served info

Children and youth

Adults

Economically disadvantaged people

At-risk youth

Artists and performers

NTEE code info

Arts, Cultural Organizations - Multipurpose (A20)

Performing Arts Centers (A61)

Youth Development Programs (O50)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

City School of the Arts

Charter Oak provides a free, high-quality arts education to 1,000 underserved Hartford children in our City School of the Arts. Under the direction of Susan Mazer, former Dean of Students at the Hartford Conservatory, we offer year-round classes in piano, guitar, drums, violin and cello and brass instruments and founding Hartford's first all-city youth orchestra and brass band. We also offer classes in creative writing, theater, drawing and painting all led by 30+ highly qualified instructors. Charter Oak holds performances, art exhibitions, and events attended by 2,000 people annually, from which no one is turned away for lack of funds. Our City School of the Arts has been recognized twice by the White House for excellence in youth programming.

Population(s) Served
Children and youth

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

To do the work of social justice through the arts
To provide wide access to the magic of the arts for all, regardless of income
To celebrate the heritage of our historic building as the oldest synagogue in Connecticut and to
preserve it in perpetuity
To help ensure a vibrant, dynamic, and caring Hartford community
To invest in Hartfords youth, enabling them to experience the power of the arts

Financials

CHARTER OAK TEMPLE RESTORATION ASSOCIATION INC
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 Donna Berman
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

2.11

Average of 1.68 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

12.7

Average of 4.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

12%

Average of 12% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

CHARTER OAK TEMPLE RESTORATION ASSOCIATION INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

CHARTER OAK TEMPLE RESTORATION ASSOCIATION INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

CHARTER OAK TEMPLE RESTORATION ASSOCIATION INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of CHARTER OAK TEMPLE RESTORATION ASSOCIATION INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$215,894 -$37,253 $78,693 $143,571 -$48,134
As % of expenses -27.1% -4.1% 8.3% 17.4% -4.4%
Unrestricted surplus (deficit) after depreciation -$274,544 -$92,493 $26,890 $94,756 -$95,378
As % of expenses -32.1% -9.6% 2.7% 10.9% -8.4%
Revenue composition info
Total revenue (unrestricted & restricted) $986,402 $1,531,107 $1,080,283 $1,441,522 $1,708,512
Total revenue, % change over prior year -17.4% 55.2% -29.4% 33.4% 18.5%
Program services revenue 2.7% 1.6% 1.9% 2.9% 4.8%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 5.3% 4.7% 20.1% 14.4% 12.7%
All other grants and contributions 92.1% 93.8% 77.9% 82.8% 82.4%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $797,506 $909,408 $952,426 $823,192 $1,094,486
Total expenses, % change over prior year 2.4% 14.0% 4.7% -13.6% 33.0%
Personnel 68.4% 61.9% 56.2% 61.3% 58.6%
Professional fees 16.5% 23.9% 14.3% 17.6% 23.5%
Occupancy 4.5% 4.2% 3.2% 3.8% 4.3%
Interest 1.0% 0.8% 0.6% 0.6% 0.6%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 9.6% 9.3% 25.7% 16.7% 13.1%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $856,156 $964,648 $1,004,229 $872,007 $1,141,730
One month of savings $66,459 $75,784 $79,369 $68,599 $91,207
Debt principal payment $16,579 $17,379 $18,154 $19,005 $0
Fixed asset additions $0 $369,986 $0 $515,865 $323,919
Total full costs (estimated) $939,194 $1,427,797 $1,101,752 $1,475,476 $1,556,856

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 4.4 5.6 10.0 7.5 12.7
Months of cash and investments 4.8 5.9 10.4 8.0 13.0
Months of estimated liquid unrestricted net assets -11.7 -15.8 -13.7 -21.6 -19.8
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $290,800 $421,490 $790,654 $512,275 $1,157,004
Investments $25,382 $28,649 $31,320 $36,560 $30,791
Receivables $233,412 $344,807 $156,714 $495,554 $564,441
Gross land, buildings, equipment (LBE) $2,069,604 $2,439,380 $2,391,093 $2,906,958 $3,230,877
Accumulated depreciation (as a % of LBE) 66.7% 58.9% 62.2% 52.9% 49.0%
Liabilities (as a % of assets) 14.1% 9.2% 9.0% 5.3% 16.2%
Unrestricted net assets -$242,019 -$334,512 -$307,622 -$212,866 -$308,244
Temporarily restricted net assets $1,307,825 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $1,307,825 $1,968,994 $2,021,887 $2,502,047 $3,158,284
Total net assets $1,065,806 $1,634,482 $1,714,265 $2,289,181 $2,850,040

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Principal Officer

Rabbi Donna Berman, PhD

Number of employees

Source: IRS Form 990

CHARTER OAK TEMPLE RESTORATION ASSOCIATION INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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There are no highest paid employees recorded for this organization.

CHARTER OAK TEMPLE RESTORATION ASSOCIATION INC

Board of directors
as of 01/12/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Barbara Vita

CT After School Network

Term: 2024 - 2018

Ree Morrow

Legal Aid Services of Oklahoma

Rebekka Podgorski

alacarte-solution.com

Delmarys Serrano

parent

Rachna Agrawal

performer, choreographer, educator

Ana Alfaro

Eversource

Alvin Carter

performer, educator

Ingrid Dupuy

artist/creator

Eva Jacobson

Lawyers Without Borders

Organizational demographics

SOURCE: Self-reported; last updated 1/12/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female
Sexual orientation
Decline to state
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data