The Katharine Hepburn Cultural Arts Center Inc

EIN: 510646562 501(c)(3) Arts, Culture & Humanities

Old Saybrook, CT

Total Revenue
$4,736,259
Total Expenses
$4,400,448
Total Assets
$5,013,261
Net Assets
$3,995,706
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CT
Phone
8605100473
Tax Period
2024-07-01 to 2025-06-30

The Katharine Hepburn Cultural Arts Center Inc, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 7% surplus.

Mission

The Katharine Hepburn Cultural Arts Center exists to present a diverse repertoire of cultural and performing arts, to provide educational opportunities in the arts, and to be a lasting legacy for America's iconic actress.

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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 $991,352
Program Service Revenue $3,375,745
Investment Income $188,353
Other Revenue $180,809
TOTAL REVENUE $4,736,259

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,289,864
Fundraising Expenses $170,740
Program Expenses $3,932,231
Other Expenses $3,110,584
TOTAL EXPENSES $4,400,448

Year-over-Year Comparison

2024 2023 Change
Revenue $4,736,259 $4,278,543 +0.1%
Expenses $4,400,448 $4,112,376 +0.1%
Net Income $335,811 $166,167 +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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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
65
Volunteers
210

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
$177,100
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brett Elliott Executive Dir. 60.00
Officer
$177,100 $0 $177,100
Mike Maguire Trustee 2.00
Director
$0 $0 $0
Christine Beirne Trustee 2.00
Director
$0 $0 $0
Ann Nyberg Vice President 6.00
Officer Director
$0 $0 $0
Wayne Harms Treasurer 8.00
Officer Director
$0 $0 $0
Ann Bartosewicz-Mele Secretary 6.00
Officer Director
$0 $0 $0
Joseph Drake Trustee 2.00
Director
$0 $0 $0
Lincoln May Trustee 2.00
Director
$0 $0 $0
Devin Carney Trustee 2.00
Director
$0 $0 $0
Cosmo Corigliano President 8.00
Officer Director
$0 $0 $0
Nichole Davison Trustee 2.00
Director
$0 $0 $0
Lori Gagne Pendelton Exec. Vice Pres 8.00
Officer Director
$0 $0 $0
Sandy Hart Trustee 2.00
Director
$0 $0 $0
Michael Price Trustee 2.00
Director
$0 $0 $0
Rich Scierka Trustee 2.00
Director
$0 $0 $0
Joseph Smith Trustee 2.00
Director
$0 $0 $0
Paul Tracey Trustee 2.00
Director
$0 $0 $0
George Whelen IV Trustee 2.00
Director
$0 $0 $0
Tara Winch Trustee 2.00
Director
$0 $0 $0
Maureen Zavatone Trustee 2.00
Director
$0 $0 $0
Lauren Peters Trustee 2.00
Director
$0 $0 $0
Klarn DePalma Trustee 2.00
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 $4,736,259 $4,400,448 $5,013,261 $335,811
2024 $4,278,543 $4,112,376 $4,684,946 $166,167
2023 $3,382,431 $3,177,780 $4,487,065 $204,651
2022 $4,355,262 $2,947,579 $3,859,540 $1,407,683
2021 $1,148,758 $1,009,152 $2,567,635 $139,606
2020 $2,213,391 $2,076,189 $2,073,757 $137,202
2019 $2,301,592 $2,119,975 $1,991,427 $181,617
2018 $2,047,170 $1,725,077 $1,663,871 $322,093
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