SILVERMINE GUILD OF ARTISTS INC

EIN: 060674168 501(c)(3) Arts, Culture & Humanities

NEW CANAAN, CT

Total Revenue
$2,319,386
Total Expenses
$2,285,357
Total Assets
$2,765,264
Net Assets
$1,862,520
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Organization Details

Formation Year
1922
Legal Domicile
CT
Principal Officer
BABARA LINARDUCCI
Phone
2039669700
Tax Period
2023-07-01 to 2024-06-30

SILVERMINE GUILD OF ARTISTS INC, founded in 1922, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2023.

Mission

SILVERMINE ARTS CENTER PROVIDES EXPERIENCES THAT EXPAND THE MIND, NOURISH THE SOUL, AND CONNECT PEOPLE THROUGH THE UNIVERSAL LANGUAGE OF ART.

Program Service Accomplishments

Program 1
Expenses: $1,756,490 Revenue: $1,704,460

THE SCHOOL OF ART - THE SCHOOL OF ART PROVIDES YEAR-ROUND CLASSES TO APPROXIMATELY 4,500 ENROLLMENTS BOTH YOUNG AND OLD. A DISTINGUISHED FACULTY OF APPROXIMATELY 90 ARTIST/EDUCATORS OFFER INSTRUCTION...

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THE SCHOOL OF ART - THE SCHOOL OF ART PROVIDES YEAR-ROUND CLASSES TO APPROXIMATELY 4,500 ENROLLMENTS BOTH YOUNG AND OLD. A DISTINGUISHED FACULTY OF APPROXIMATELY 90 ARTIST/EDUCATORS OFFER INSTRUCTION IN PAINTING, DRAWING, PRINTMAKING, CERAMICS, SCULPTURE, DIGITAL IMAGERY, PHOTOGRAPHY, JEWELRY DESIGN, MIXED MEDIA AND CREATIVE WRITING.

Program 2
Expenses: $269,013 Revenue: $62,657

THE SILVERMINE GALLERIES - THE SILVERMINE GALLERIES PRESENT ROTATING ART EXHIBITS FOR THE GENERAL PUBLIC AND ARE RECOGNIZED AS ONE OF NEW ENGLAND'S MOST RESPECTED SHOWCASES FOR ESTABLISHED AND...

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THE SILVERMINE GALLERIES - THE SILVERMINE GALLERIES PRESENT ROTATING ART EXHIBITS FOR THE GENERAL PUBLIC AND ARE RECOGNIZED AS ONE OF NEW ENGLAND'S MOST RESPECTED SHOWCASES FOR ESTABLISHED AND EMERGING ARTISTS. A COMPLEX OF FIVE GALLERIES AND A SCULPTURE GARDEN, THE SILVERMINE GALLERIES BOAST AN AMBITIOUS EXHIBITION SCHEDULE, PRESENTING OVER 20 SHOWS EACH YEAR, WHICH ARE VIEWD BY OVER 12,500 VISITORS. THE GALLERIES ALSO OFFER A VARIETY OF EXHIBITING ARTISTS' TALKS WHICH ARE HELD MONTHLY . EXHIBITION PROGRAMMING ALSO INCLUDES LECTURES, FILM SCREENINGS, AND PANEL DISCUSSIONS.

Program 3

ART PARTNERS OUTREACH - SINCE 1992, THE ART PARTNERS OUTREACH EDUCATION PROGRAM HAS SERVED OVER 17,000 STUDENTS BY PLACING PROFESSIONAL TEACHING ARTISTS IN THE CLASSROOMS OF TARGETED UNDER-RESOURCED...

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ART PARTNERS OUTREACH - SINCE 1992, THE ART PARTNERS OUTREACH EDUCATION PROGRAM HAS SERVED OVER 17,000 STUDENTS BY PLACING PROFESSIONAL TEACHING ARTISTS IN THE CLASSROOMS OF TARGETED UNDER-RESOURCED URBAN NORWALK AND STAMFORD SCHOOLS WITH MINORITY POPULATIONS AS HIGH AS 81% AND UP TO 65% REDUCED AND FREE LUNCH POPULATIONS. OUR TEACHING ARTISTS COLLABORATE WITH CLASSROOM TEACHERS TO CREATE STUDIO CLASSES THAT INCORPORATE CURRICULAR TOPICS SUCH AS LITERACY, GEOGRAPHY, HISTORY OR SCIENCE. CLASSES ARE DESIGNED TO IMPROVE CRITICAL THINKING, PROBLEM SOLVING, AND COMMUNICATION SKILLS, ESPECIALLY IN THE SOCIAL/EMOTIONAL ARENA. THESE ARE ESSENTIAL TOOLS THAT AUGUR STUDENT SUCCESS IN THE 21ST CENTURY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $464,291
Program Service Revenue $1,704,460
Investment Income $58,479
Other Revenue $92,156
TOTAL REVENUE $2,319,386

Expense Breakdown

Grants Paid $90,144
Salaries & Benefits $1,438,016
Fundraising Expenses $139,907
Program Expenses $2,025,503
Other Expenses $757,197
TOTAL EXPENSES $2,285,357

Year-over-Year Comparison

2023 2022 Change
Revenue $2,319,386 $2,343,456 0.0%
Expenses $2,285,357 $2,249,669 +0.0%
Net Income $34,029 $93,787 -0.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
30
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$125,000
Total Directors
12
$125,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA LINARDUCCI VICE CHAIR, DEVELOPMENT CO 40.00
Officer Director
$125,000 $0 $125,000
ROSE-MARIE FOX CO-CHAIR, DEVELOPMENT COMM 5.00
Officer Director
$0 $0 $0
SVETLIN TCHAKAROV CO-CHAIR, DEVELOPMENT COMM 5.00
Officer Director
$0 $0 $0
GRACE TANG TREASURER, FINANCE 5.00
Officer Director
$0 $0 $0
MARK CARTA SECRETARY, GOVERNANCE COMM 0.00
Officer Director
$0 $0 $0
RODGER MUDRE GUILD CO-CHAIR 0.00
Director
$0 $0 $0
JON PUZZUOLI GUILD CO-CHAIR 0.00
Director
$0 $0 $0
WILLIAM HILSON GOVERNANCE COMMITTEE 0.00
Director
$0 $0 $0
MICHELE LOH DEVELOPMENT COMMITTEE 0.00
Director
$0 $0 $0
CARLOS GARRIDO DEVELOPMENT COMMITTEE 0.00
Director
$0 $0 $0
MICHAEL MARESCA DEVELOPMENT COMMITTEE 0.00
Director
$0 $0 $0
KARL HEINE DEVELOPMENT COMMITTEE 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,319,386 $2,285,357 $2,765,264 $34,029
2023 $2,343,456 $2,249,669 $2,744,333 $93,787
2022 $2,496,150 $2,030,915 $2,702,522 $465,235
2021 $1,582,117 $1,553,928 $2,300,979 $28,189
2020 $1,877,664 $1,982,064 $2,066,407 $-104,400
2019 $2,631,735 $2,307,234 $2,099,903 $324,501
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