Garde Arts Center Inc

EIN: 061143582 501(c)(3) Arts, Culture & Humanities

New London, CT

Total Revenue
$5,062,502
Total Expenses
$4,076,860
Total Assets
$11,231,814
Net Assets
$8,458,334
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CT
Phone
8604447373
Tax Period
2024-08-01 to 2025-07-31

Garde Arts Center Inc, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $986K, a strong 19% operating margin.

Mission

The Garde Arts Center, non-profit professional center for the performing arts, strives to engage, educate, entertain, inspire, and enrich the region of greater New London County, by protecting, operating, and enhancing the historic Garde Theatre as a central cultural gathering place that presents top-quality performing arts, live music, film events, and fosters community arts organizations to strengthen community interaction and vitality.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,565,634
Program Service Revenue $2,193,653
Investment Income $270,516
Other Revenue $32,699
TOTAL REVENUE $5,062,502

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,045,009
Fundraising Expenses $212,133
Program Expenses $3,482,394
Other Expenses $3,031,851
TOTAL EXPENSES $4,076,860

Year-over-Year Comparison

2024 2023 Change
Revenue $5,062,502 $4,412,695 +0.1%
Expenses $4,076,860 $4,027,779 +0.0%
Net Income $985,642 $384,916 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
80
Volunteers
125

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
$122,741
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Sigel Exec. Director 40.00
Officer
$118,603 $4,138 $122,741
Dr Lynda Smith President 1.00
Officer Director
$0 $0 $0
Linda Mariani Vice President 1.00
Officer Director
$0 $0 $0
Karen Ricciardi Secretary 1.00
Officer Director
$0 $0 $0
Mark Woods Treasurer 1.00
Officer Director
$0 $0 $0
Anthony Cronin Trustee 1.00
Director
$0 $0 $0
John Padgett Vice President 1.00
Officer Director
$0 $0 $0
Amy Donahue Trustee 1.00
Director
$0 $0 $0
Anthony Davidowitz Trustee 1.00
Director
$0 $0 $0
David Gellar Trustee 1.00
Director
$0 $0 $0
Don Gibson Trustee 1.00
Director
$0 $0 $0
Ken Kitchings Trustee 1.00
Director
$0 $0 $0
Paul Mayer Trustee 1.00
Director
$0 $0 $0
Phil Michalowski Trustee 1.00
Director
$0 $0 $0
Stephanie McKeon Trustee 1.00
Director
$0 $0 $0
Mark Oefinger Trustee 1.00
Director
$0 $0 $0
Gregory Roth Trustee 1.00
Director
$0 $0 $0
Patricia Todd Trustee 1.00
Director
$0 $0 $0
Keishia Greene Trustee 1.00
Director
$0 $0 $0
Justine Robertson Trustee 1.00
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 $5,062,502 $4,076,860 $11,231,814 $985,642
2024 $4,412,695 $4,027,779 $10,113,752 $384,916
2023 $2,827,452 $3,015,694 $9,840,929 $-188,242
2022 $3,609,282 $2,636,107 $9,212,106 $973,175
2021 $1,995,834 $1,059,147 $7,593,343 $936,687
2020 $2,180,026 $2,406,231 $5,831,357 $-226,205
2019 $2,399,099 $2,686,227 $5,840,667 $-287,128
2018 $3,143,849 $2,590,551 $5,923,183 $553,298
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