Civic Intelligence

Connecticut Academy for the Arts Inc

EIN 27-3460511 • 501(c)3 • Torrington, CT

Profile

is to provide an environment for quality personalized learning that integrates arts and creativity throughout an age appropriate curriculum, to cultivate innovative, collaborative and global thinkers and to prepare them for a life of civic and global engagement, professional achievement and personal fulfillment through the arts.

100 Prospect StTorrington, CT 06790

www.cafta.info/index.html

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.62x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

2.37x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

81st percentile

31%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

94th percentile

129%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

21%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$541,195

Up $337,414 (+166%) from 2022

Liabilities

Up

$334,890

Up $243,574 (+267%) from 2022

Net Assets

Up

$206,305

Up $93,840 (+83%) from 2022

Revenue

Up

$141,439

Up $81,373 (+135%) from 2022

Expenses

Up

$98,028

Up $46,001 (+88%) from 2022

Net Income

Up

$43,411

Up $35,372 (+440%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2020: $193,057Liabilities 2020: $92,984Net Assets 2020: $100,0732020Assets 2021: $187,686Liabilities 2021: $83,260Net Assets 2021: $104,4262021Assets 2022: $203,781Liabilities 2022: $91,316Net Assets 2022: $112,4652022Assets 2024: $541,195Liabilities 2024: $334,890Net Assets 2024: $206,3052024

Highlighted filing

2024

Assets$541,195
Liabilities$334,890
Net Assets$206,305

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2020: $65,829Expenses 2020: $50,734Net Income 2020: $15,0952020Revenue 2021: $53,080Expenses 2021: $48,727Net Income 2021: $4,3532021Revenue 2022: $60,066Expenses 2022: $52,027Net Income 2022: $8,0392022Revenue 2024: $141,439Expenses 2024: $98,028Net Income 2024: $43,4112024

Highlighted filing

2024

Revenue$141,439
Expenses$98,028
Net Income$43,411

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$60,066
Mission and Program Overview

Mission

is to provide an environment for quality personalized learning that integrates arts and creativity throughout an age appropriate curriculum, to cultivate innovative, collaborative and global thinkers and to prepare them for a life of civic and global engagement, professional achievement and personal fulfillment through the arts.

Program Services

DescriptionGrantsExpenses
CAFTA CIAO Program:Northwest Connecticut Pre-K through High School (ages 4-18) students have an opportunity to take part in CIAO (CAFTA Italian Arts Outreach), a unique Language Arts and Culture program sponsored through a grant from the Italian Government.The CIAO program is project based and students will create their own age appropriate journal/textbooks and choose from projects such as acting for films, filmmaking, fashion, arts,animation, architecture, literature, writing, design and culture while learning to converse inItalian.The class will be taught by professional internationally renowned artists, designers and filmmakers, Teresa and John Sullivan, as well as by visits from other nationally and internationally known professional artists and designers.There is no Italian language prerequisite necessary for this class. The CIAO Program will also open up opportunities for travel to Italy, Italian internships and networking.-$39,485
SEL Creativity Program/Partnership with Torrington Public Schools:PERSONALIZED LEARNING IN VISUAL ARTSCAFTA students receive training in various disciplines chosen from the following studies: Film, Fine Art, Photography, Design, Architecture, Graphic Design, Branding/Marketing. Each program is designed for individual students based on their interests, talents and capabilities. No two students are alike therefore CAFTA instructors work with each student to maximize their potential in what ever level they have reached from beginners to advanced studies as well as preparation for higher education and careers in the field of Art and Design.--
CAFTA Friday Film Forum:is an adult film studies group that meets weekly to study the great international filmmakers,directors, and actors in the world of cinema. In the 10 years CAFTA Friday Film Forum (FFF) has been in session, over 500 award winning films from all over the world have been seen and discussed. In the new CAFTA Cineteque Theater (at 100 Prospect Street in Torrington, CT), films are shown on a 30 foot screen in a very comfortable studio environment. A "Happy Hour" informal cultural networking takes place from 6 pm until showtime at 6:45 pm. Refreshments are served at that time. Everyone is asked to bring either a savory or desert to share. Promptly at 6:45 pm the movie begins. After the film, coffee and dessert are served and everyone joins in the discussion to evaluate the tectonics and themes of the film, filmmakers and/or director. The conversation is always lively, interesting and informative. Many say it is the highlight of their week.Film classes may be audited film by film. Fee is $5 per class. New students can register at the door when they arrive.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Teresa Graham SullivanPres/Exec. DirectorPT$0--
John Henry SullivanVP/Treasurer-$0--
Roger NewburyDirector-$0--
Filing and Contact Details

Filer

Filer Name
Connecticut Academy for the Arts Inc
EIN
27-3460511
Phone
8602015706
Address
100 Prospect St, Torrington, CT 06790

Signing Officer

Name
Teresa Graham Sullivan
Title
Executive Director
Signed
2023-11-06
Discuss with paid preparer
Yes

Preparer

Firm
King King & Associates Cpas
Address
170 HOLABIRD AVE, WINSTED, CT 06098
Preparer
Robert E King CPA
Phone
8603790215
Supplemental Narrative

Additional Explanations

Other Expenses.1003

Information Technology $1665

Other Expenses.1006

Payments of Travel or Entertainment for Public Officials $4500

Other Expenses.1008

Interest $4997

Other Expenses.1009

Depreciation $7545

Other Expenses.1012

Insurance $6575

Other Expenses.1

Supplies $4000

Other Expenses.2

Maintenance & Repairs $3100

Other Expenses.3

Misc. Expenses $1924

Other Expenses.4

Membership Dues $1800

Other Expenses.5

Trash removal $636

Other Assets.1001

Automobiles - Beginning $0 Automobiles - Ending $44561

Total Liabilities.1007

Secured Mortgages and Notes Payable - Beginning $56860 Secured Mortgages and Notes Payable - Ending $64916

Total Liabilities.1008

Unsecured Notes and Loans Payable - Beginning $26400 Unsecured Notes and Loans Payable - Ending $26400

Raw XML Appendix166 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.