Interdistrict School for Arts and Communication Inc

EIN: 061473576 501(c)(3) Education

New London, CT

Total Revenue
$6,961,943
Total Expenses
$6,411,163
Total Assets
$11,340,468
Net Assets
$7,412,281
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
CT
Principal Officer
Dr Nicholas Spera
Phone
8604471003
Tax Period
2024-07-01 to 2025-06-30

Interdistrict School for Arts and Communication Inc, founded in 1997, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $6.4M left a modest 8% surplus.

Mission

Interdistrict School for Arts and Communication (ISAAC) is an independent charter school that was founded in 1997. During the 2024-2025 school year, ISAAC expanded to include grade 4, in addition to serving grades 6-8, to identify and address student learning difficulties earlier. This expansion allows for timely interventions, stronger foundational skills, and continuity in instruction, particularly in literacy and math. Early data shows improved reading fluency, comprehension, and student engagement. ISAAC also introduced a flexible classroom approach, promoting student-centered learning through varied seating and collaborative workspaces. Aligned with ISAAC's motto, "Effort Creates Ability and All Students Can Succeed," these practices are supported by a rigorous, teacher-written curriculum, Interim Assessment Blocks, and daily math instruction for sixth graders to close achievement gaps. Partnerships with local organizations and the Anti-Defamation League's "No Place for Hate" prog

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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 $887
Program Service Revenue $6,900,399
Investment Income $60,657
Other Revenue $0
TOTAL REVENUE $6,961,943

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,850,087
Fundraising Expenses $37,253
Program Expenses $5,649,447
Other Expenses $1,561,076
TOTAL EXPENSES $6,411,163

Year-over-Year Comparison

2024 2023 Change
Revenue $6,961,943 $5,571,887 +0.2%
Expenses $6,411,163 $5,556,025 +0.2%
Net Income $550,780 $15,862 +33.7%
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
11
Independent Members
9
Employees
74
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
6
$371,166
Total Directors
11
$169,834
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Nicholas Spera Executive Dir. 40.00
Officer
$236,541 $23,830 $260,371
William Linski 190 Governor Winthrop Blvd. 40.00
$147,499 $4,397 $151,896
Tanya Collins Interim Principal 40.00
$137,231 $4,090 $141,321
Amy Geary Dir of Stu Support 40.00
$121,111 $3,600 $124,711
Erica Robb Finance Dir 40.00
Officer
$93,380 $17,415 $110,795
Shannon Lougee Director 40.00
Director
$93,553 $0 $93,553
Amanda Grundy Director 40.00
Director
$49,092 $27,189 $76,281
Barbara Crouch Secretary 1.00
Officer Director
$0 $0 $0
Elizabeth Bumgardner Director 1.00
Director
$0 $0 $0
David Brailey Director 1.00
Director
$0 $0 $0
Leota Muller Treasurer 1.00
Officer Director
$0 $0 $0
Dr Richard Sanders Director 1.00
Director
$0 $0 $0
Kevin Booker Jr Director 1.00
Director
$0 $0 $0
Bill Buscetto Director 1.00
Director
$0 $0 $0
Michael Spellman Vice Chairman 1.00
Officer Director
$0 $0 $0
Richard Muckle Chairman 5.00
Officer 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 $6,961,943 $6,411,163 $11,340,468 $550,780
2024 $5,571,887 $5,556,025 $9,673,821 $15,862
2023 $6,240,703 $5,049,127 $9,641,909 $1,191,576
2022 $5,193,651 $5,014,638 $7,124,461 $179,013
2021 $4,496,379 $4,462,297 $6,889,500 $34,082
2020 $4,547,583 $4,371,670 $6,396,837 $175,913
2019 $4,096,251 $4,110,960 $6,648,038 $-14,709
2018 $3,508,539 $3,633,187 $6,609,629 $-124,648
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