CONTINUO ARTS FOUNDATION INC

EIN: 651320288 501(c)(3) Arts, Culture & Humanities

Summit, NJ

Total Revenue
$302,133
Total Expenses
$306,046
Total Assets
$67,098
Net Assets
$64,236
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NJ
Principal Officer
Candace Wicke
Phone
9082645324
Tax Period
2024-01-01 to 2024-12-31

CONTINUO ARTS FOUNDATION INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $302K in total revenue in fiscal year 2024.

Mission

Music Education Performance and Exposure

Program Service Accomplishments

Program 1
Expenses: $25,423 Revenue: $101,410

CAF Choral Program - The Continuo Arts ten choral ensembles experienced continued growth in 2024. All of the ensembles grew in size to approximately one hundred and forty-four members and families...

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CAF Choral Program - The Continuo Arts ten choral ensembles experienced continued growth in 2024. All of the ensembles grew in size to approximately one hundred and forty-four members and families being served each week. Ensembles were featured in large scale local concerts as well as numerous community service appearances. As a result of large enrollment, curriculum for the three children's choir ensembles was adapted and faculty enlarged. Working in partnership with members, patrons, corporate and private sponsors, Continuo Arts continued true to our mission by making possible the education, performance and composition of music in ways which might otherwise be considered too unique or too expensive to be ordinarily under taken; giving precedence to considerations of quality over those of quantity; to artistic rather than to economic values and to opportunity over expediency.

Program 2
Expenses: $14,331 Revenue: $36,092

CAF Conservatory - The Continuo Arts Conservatory provided private instruction in voice, piano and a variety of instruments. Private studies culminated in a recital featuring the private students...

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CAF Conservatory - The Continuo Arts Conservatory provided private instruction in voice, piano and a variety of instruments. Private studies culminated in a recital featuring the private students enrolled at the conservatory. A staff of exemplary working musicians, most with Master's to Doctorate degrees are committed to the artistic growth and success of each individual student. Lessons take place in our conservatory studios.

Program 3
Expenses: $8,071 Revenue: $14,650

Broadway and Beyond - The Broadway and Beyond program ran its three-week musical theater intensive in collaboration with Rad Theatricals, a nearby musical theater company. The intensive culminated in...

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Broadway and Beyond - The Broadway and Beyond program ran its three-week musical theater intensive in collaboration with Rad Theatricals, a nearby musical theater company. The intensive culminated in an abridged production of the musical Chitty Chitty Bang Bang

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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 $132,964
Program Service Revenue $166,714
Investment Income $0
Other Revenue $2,455
TOTAL REVENUE $302,133

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,283
Fundraising Expenses $0
Program Expenses $72,869
Other Expenses $184,763
TOTAL EXPENSES $306,046

Year-over-Year Comparison

2024 2023 Change
Revenue $302,133 $285,780 +0.1%
Expenses $306,046 $281,184 +0.1%
Net Income $-3,913 $4,596 -1.9%
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
5
Independent Members
5
Employees
2
Volunteers
60

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
3
$0
Total Directors
9
$62,000
Key Employees
1
$62,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Candace Wicke Executive Director 40
Director Key Emp Highest
$62,000 $0 $62,000
Lee Resnick President 1
Officer Director
$0 $0 $0
Daniel Apruzzese Treasurer 2
Officer Director
$0 $0 $0
Noni MacPherson Secretary 1
Officer Director
$0 $0 $0
William Hammond Executive Board 1
Director
$0 $0 $0
Suraj Alva Executive Board 1
Director
$0 $0 $0
Joe Ciresi Trustee 0
Director
$0 $0 $0
William Hildebrandt Trustee 0
Director
$0 $0 $0
Claudia Cardillo Trustee 0
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
2024 $302,133 $306,046 $67,098 $-3,913
2023 $285,780 $281,184 $68,149 $4,596
2022 $235,197 $234,930 $63,553 $267
2019 $249,534 $242,834 $65,974 $6,700
2018 $245,266 $234,968 $59,274 $10,298
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