CHARTER OAK TEMPLE RESTORATION ASSOC D/B/A CHARTER OAK CULTURAL CENTER

EIN: 061026597 501(c)(3) Arts, Culture & Humanities

HARTFORD, CT

Total Revenue
$1,246,906
Total Expenses
$1,254,755
Total Assets
$3,605,871
Net Assets
$3,448,269
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CT
Principal Officer
DONNA BERMAN
Phone
8603102580
Tax Period
2024-01-01 to 2024-12-31

CHARTER OAK TEMPLE RESTORATION ASSOC D/B/A CHARTER OAK CULTURAL CENTER, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Net assets of $3.4M represent 33 months of operating reserves.

Mission

CHARTER OAK CULTURAL CENTER, A BEAUTIFUL HISTORIC LANDMARK AND VIBRANT ARTS CENTER, DOING THE WORK OF SOCIAL JUSTICE THROUGH THE ARTS.

Program Service Accomplishments

Program 1
Expenses: $390,632 Revenue: $48,411

CITY SCHOOL OF THE ARTS (FORMERLY YOUTH ARTS INSTITUTE) - OUR CITY SCHOOL OF THE ARTS REACHED HUNDREDS OF HARTFORD INNER-CITY CHILDREN WITH CLASSES IN THE ARTS HELD AFTER-SCHOOL AND IN THE SUMMER, AS...

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CITY SCHOOL OF THE ARTS (FORMERLY YOUTH ARTS INSTITUTE) - OUR CITY SCHOOL OF THE ARTS REACHED HUNDREDS OF HARTFORD INNER-CITY CHILDREN WITH CLASSES IN THE ARTS HELD AFTER-SCHOOL AND IN THE SUMMER, AS WELL AS EVENING PROGRAMS FOR FAMILIES, ALL FREE OF CHARGE. ALL OF OUR CITY SCHOOL OF THE ARTS INSTITUTE OFFERINGS ARE DESIGNED WITH THE OVERARCHING GOALS OF 1) PROMOTING SKILL ACQUISITION 2) HELPING CHILDREN MEET THE STATE OF CONNECTICUT ARTS K12 GOALS AND STANDARDS 3) ENCOURAGING KNOWLEDGE AND LOVE OF THE ARTS AND A LOVE OF LEARNING. THIS PAST YEAR OUR CITY SCHOOL OF THE ARTS HAD MANY SUCCESSES AND WE MET ALL OF OUR EVALUATION GOALS AND BENCHMARKS.

Program 2
Expenses: $30,327

PROFESSIONAL PROGRAMMING AS - PART OF OUR MISSION OF MAKING THE ARTS ACCESSIBLE TO ALL, WE PROVIDED CUTTING-EDGE, THOUGHT-PROVOKING PERFORMING AND VISUAL ARTS WHICH INCLUDED DANCE, THEATRE, MUSIC...

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PROFESSIONAL PROGRAMMING AS - PART OF OUR MISSION OF MAKING THE ARTS ACCESSIBLE TO ALL, WE PROVIDED CUTTING-EDGE, THOUGHT-PROVOKING PERFORMING AND VISUAL ARTS WHICH INCLUDED DANCE, THEATRE, MUSIC, FILM, CONCERTS, READINGS, LECTURES AND GALLERY EXHIBITIONS FOR AUDIENCES IN HARTFORD AND BEYOND. OUR OFFERINGS BUILT AWARENESS AND APPRECIATION OF ALL THE WORLD'S CULTURES. OUR OVERALL GOAL IS TO PROVIDE ACCESS TO THE ARTS TO ALL WHO HUNGER FOR THEM, AND, AS A MATTER OF POLICY, WE OFFERED AS MANY OF OUR PROFESSIONAL PERFORMANCES AND EVENTS AS WE COULD FOR FREE, KEPT OUR PRICES AS LOW AS POSSIBLE AND NEVER TURNED ANYONE AWAY WHO COULD NOT AFFORD THE PRICE OF A TICKET.

Program 3
Expenses: $193,701

SOCIAL JUSTICE PROGRAMMING - OUR BEAT OF THE STREET (BOTS) PROGRAMMING IS DESIGNED TO RAISE AWARENESS ABOUT THE ISSUE OF HOMELESSNESS AND TO MAKE REAL AND LASTING CHANGES IN THE LIVES OF THOSE...

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SOCIAL JUSTICE PROGRAMMING - OUR BEAT OF THE STREET (BOTS) PROGRAMMING IS DESIGNED TO RAISE AWARENESS ABOUT THE ISSUE OF HOMELESSNESS AND TO MAKE REAL AND LASTING CHANGES IN THE LIVES OF THOSE EXPERIENCING HOMELESSNESS. THROUGH OUR BEAT OF THE STREET NEWSPAPER, WE HIRE INDIVIDUALS FROM THE HOMELESS COMMUNITY TO DELIVER THE PAPER AND COMPENSATE THOSE WHO CONTRIBUTE CONTENT TO THE PAPER. OUR BOTS LEARNING CENTER FOR CREATIVE LEARNING PROVIDES A COMPLETELY FREE EDUCATION FOR THOSE EXPERIENCING HOMELESSNESS. WE PROVIDE THREE SEMESTERS A YEAR, OFFERING MOSTLY ARTS-BASED CLASSES. GRADUATES ARE ELIGIBLE FOR A TUITION-FREE FOUR-YEAR DEGREE FROM GOODWIN UNIVERSITY. THROUGH OUR EATS OF THE STREET PROGRAM, WE PLACE LARGE POTS OF ORGANIC VEGETABLE PLANTS THROUGHOUT THE CITY OF HARTFORD. WE HIRE MEMBERS OF THE HOMELESS COMMUNITY TO TEND THE POTS, WHICH ARE PAINTED BY LOCAL ARTISTS. THE VEGETABLES ARE AVAILABLE FOR FREE TO ANYONE IN NEED, ADDRESSING HUNGER IN OUR CITY. EATS OF THE STREET BRINGS FOOD, JOBS AND ART TO HARTFORD. WE HAVE ALSO ESTABLISHED THE ADA MARIA ISASI-DIAZ JUSTICE INSTITUTE TO ADDRESS CHALLENGES SPECIFIC TO LATINX WOMEN.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,171,968
Program Service Revenue $48,411
Investment Income $36,866
Other Revenue $-10,339
TOTAL REVENUE $1,246,906

Expense Breakdown

Grants Paid $0
Salaries & Benefits $665,340
Fundraising Expenses $58,406
Program Expenses $820,848
Other Expenses $589,415
TOTAL EXPENSES $1,254,755

Year-over-Year Comparison

2024 2023 Change
Revenue $1,246,906 $1,560,477 -0.2%
Expenses $1,254,755 $1,183,697 +0.1%
Net Income $-7,849 $376,780 -1.0%
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
9
Independent Members
9
Employees
50
Volunteers
50

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
6
$185,003
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA VITA CHAIR 1.00
Officer Director
$0 $0 $0
REE MORROW VICE CHAIR 1.00
Officer Director
$0 $0 $0
REBEKKA PODGORSKI TREASURER 1.00
Officer Director
$0 $0 $0
DELMARYS SERRANO SECRETARY 1.00
Officer Director
$0 $0 $0
RACHNA AGRAWAL BOARD MEMBER 1.00
Director
$0 $0 $0
ANA ALFARO BOARD MEMBER 1.00
Director
$0 $0 $0
ALVIN CARTER SR BOARD MEMBER 1.00
Director
$0 $0 $0
INGRID DUPUY BOARD MEMBER 1.00
Director
$0 $0 $0
EVA JACOBSON BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA BERMAN EXECUTIVE DIRECTOR 40.00
Officer
$107,368 $3,112 $110,480
LAURIE LEADER MANAGING DIRECTOR 40.00
Officer
$72,352 $2,171 $74,523
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
2024 $1,246,906 $1,254,755 $3,605,871 $-7,849
2023 $1,560,477 $1,183,697 $3,626,897 $376,780
2022 $1,708,512 $1,141,730 $3,399,268 $566,782
2021 $1,441,522 $872,007 $2,417,228 $569,515
2020 $1,080,283 $1,004,229 $1,884,477 $76,054
2019 $1,531,107 $964,648 $1,800,825 $566,459
2018 $986,402 $856,156 $1,240,727 $130,246
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