Civic Intelligence

Ball & Socket Arts Inc.

990 • Fiscal year 2018 • EIN 45-4079423

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 13, 2019

Organization ProfileWWW.BALLANDSOCKET.ORG
762 Bethany Mountain RoadCheshire, CT 06410

(917) 414-4020

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.77x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

10.84x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

58th percentile

3.5%

Faster asset growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

50%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$2,462,108

Up $82,154 (+3.5%) from 2017

Net Assets

Up

$554,297

Up $115,079 (+26%) from 2017

Liabilities

Down

$1,907,811

Down $32,925 (-1.7%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin95th percentile

Revenue

Up

$176,045

Up $58,750 (+50%) from 2017

Expenses

Up

$59,717

Up $30,505 (+104%) from 2017

Net Income

Up

$116,328

Up $28,245 (+32%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2012: $31,264Liabilities 2012: $02012Assets 2014: $74,193Liabilities 2014: $2,500Net Assets 2014: $71,6932014Assets 2015: $2,236,032Liabilities 2015: $2,117,017Net Assets 2015: $119,0152015Assets 2016: $2,257,346Liabilities 2016: $1,906,211Net Assets 2016: $351,1352016Assets 2017: $2,379,954Liabilities 2017: $1,940,736Net Assets 2017: $439,2182017Assets 2018: $2,462,108Liabilities 2018: $1,907,811Net Assets 2018: $554,2972018Assets 2019: $2,552,341Liabilities 2019: $1,959,035Net Assets 2019: $593,3062019Assets 2020: $2,698,286Liabilities 2020: $2,016,185Net Assets 2020: $682,1012020Assets 2021: $2,953,138Liabilities 2021: $2,162,891Net Assets 2021: $790,2472021Assets 2022: $7,637,773Liabilities 2022: $5,659,628Net Assets 2022: $1,978,1452022Assets 2023: $7,725,090Liabilities 2023: $4,881,923Net Assets 2023: $2,843,1672023Assets 2025: $9,326,986Liabilities 2025: $3,225,529Net Assets 2025: $6,101,4572025

Highlighted filing

2018

Assets$2,462,108
Liabilities$1,907,811
Net Assets$554,297
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2012: $37,500Expenses 2012: $6,236Net Income 2012: $31,2642012Revenue 2014: $44,013Expenses 2014: $4,564Net Income 2014: $39,4492014Revenue 2015: $91,647Expenses 2015: $45,060Net Income 2015: $46,5872015Revenue 2016: $296,899Expenses 2016: $64,779Net Income 2016: $232,1202016Revenue 2017: $117,295Expenses 2017: $29,212Net Income 2017: $88,0832017Revenue 2018: $176,045Expenses 2018: $59,717Net Income 2018: $116,3282018Revenue 2019: $78,481Expenses 2019: $38,885Net Income 2019: $39,5962019Revenue 2020: $111,084Expenses 2020: $22,289Net Income 2020: $88,7952020Revenue 2021: $151,938Expenses 2021: $43,792Net Income 2021: $108,1462021Revenue 2022: $1,260,388Expenses 2022: $69,359Net Income 2022: $1,191,0292022Revenue 2023: $1,247,243Expenses 2023: $425,708Net Income 2023: $821,5352023Revenue 2025: $3,172,794Expenses 2025: $696,685Net Income 2025: $2,476,1092025

Highlighted filing

2018

Revenue$176,045
Expenses$59,717
Net Income$116,328
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 13, 2019
Return Version
2017v2.3
Gross Receipts
$176,045
Mission and Program Overview

Mission

Ball & socket arts is transforming an abandoned industrial campus into an innovative and dynamic arts destination for the central connecticut region (and beyond). Built on the ethos of sustainability and historic preservation, ball & socket arts offers vibrant arts & culture programming and provides accessible and relevant experiences to a broad public audience.

The organization's mission is as follows: a. To promote and sustain community interest in and appreciation of the visual and performing arts b. To educate the general public about the visual and performing arts c. To support young and needy artists d. To create a multi-faceted arts and educational center to host and facilitate the aforementioned activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,261,392$2,381,513▲ $120,121
Cash and Non-Interest-Bearing Accounts$14,438$56,815▲ $42,377
Pledges and Grants Receivable$99,304$5,502▼ $93,802
Prepaid Expenses and Deferred Charges$1,750--
Total Assets$2,379,954$2,462,108▲ $82,154
Other Assets Total$3,070$18,278▲ $15,208
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,689,000$1,715,219▲ $26,219
Accounts Payable and Accrued Expenses$233,294$187,391▼ $45,903
Deferred Revenue$18,262$5,201▼ $13,061
Total Liabilities$1,940,556$1,907,811▼ $32,745
Net Assets / Fund Balance
Unrestricted Net Assets$437,818$552,717▲ $114,899
Temporarily Rstr Net Assets$1,580$1,580→ $0
Total Net Assets Fund Balance$439,398$554,297▲ $114,899
Total Liabilities and Net Assets / Fund Balance$2,379,954$2,462,108▲ $82,154

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,649,763-$1,649,763
Other Land Buildings$534,178-$534,178
Land$197,572-$197,572
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Kevin DalyPresident
Andrew MartelliDirector
David DrescherDirector
Patricia NozellDirector
Philip AndersonDirector
Richard LauDirector
Jeffrey GuimondSecretary
Ilona SomogyiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$161,546
Program Service Revenue
$0
Investment Income
$99
Other Revenue
$14,400
All Other Contributions
$135,622
Change in Net Assets
$116,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$59,717
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$26,018--$26,018
Office Expenses-$4,904-$4,904
Fees for Services Accounting-$4,000-$4,000
Fees for Services Legal-$3,432-$3,432
Travel-$1,768-$1,768
Insurance-$1,276-$1,276
Interest-$897-$897
Conferences and Meetings-$291-$291
Other Expenses$5,354$160-$160
Total Functional Expenses$36,839$22,878$0$59,717
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The organizations board of directors has assigned the duty or reviewing the annual 990 to its standing executive committee. The annual 990 is prepared by the organization's accounting firm working closely with the treasurer. Copies of the completed return are provided to the executive committe for review and upon approval by the executive committee, copies of the 990 form are provided to all board of directors members before the return is filed with the internal revenue service.”

Form 990, Page 6, Part VI, Line 19

“The governing documents of the organization are made available to the general public by receipt of a written request by the interested party”

Filing and Contact Details

Filer

Filer Name
Ball & Socket Arts Inc
EIN
45-4079423
Address
762 BETHANY MOUNTAIN ROAD, CHESHIRE, CT 06410

Signing Officer

Name
Ilona Somogyi
Title
Treasurer
Signed
2019-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Daly
Formed
2011
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Budwitz & Meyerjack Pc
Address
1122 HIGHLAND AVE, CHESHIRE, CT 06410-1654
Preparer
David a Pelletier CPA
Phone
2032721621
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization's mission is as follows: a. To promote and sustain community interest in and appreciation of the visual and performing arts b. To educate the general public about the visual and performing arts c. To support young and needy artists d. To create a multi-faceted arts and educational center to host and facilitate the aforementioned activities”

Form 990, Page 2, Part III, Line 4A

“Artists for children and adults, and engage artists in residence for special courses create vibrant outdoor public space around the buildings including a sculpture park and art walk, with direct access to the farmington canal linear park”

Raw XML Appendix360 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0233294
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0187391
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ORGANIZATION'S MISSION IS AS FOLLOWS: A. TO PROMOTE AND SUSTAIN COMMUNITY INTEREST IN AND APPRECIATION OF THE VISUAL AND PERFORMING ARTS B. TO EDUCATE THE GENERAL PUBLIC ABOUT THE VISUAL AND PERFORMING ARTS C. TO SUPPORT YOUNG AND NEEDY ARTISTS D. TO CREATE A MULTI-FACETED ARTS AND EDUCATIONAL CENTER TO HOST AND FACILITATE THE AFOREMENTIONED ACTIVITIES
IRS990/AllOtherContributionsAmt0135622
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0ILONA SOMOGYI
IRS990/BooksInCareOfDetail/PhoneNum09174144020
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0762 BETHANY MOUNTAIN ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHESHIRE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006410
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt014438
IRS990/CashNonInterestBearingGrp/EOYAmt056815
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0291
IRS990/ConferencesMeetingsGrp/TotalAmt0291
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt012862
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0161546
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt099
IRS990/CYOtherExpensesAmt059717
IRS990/CYOtherRevenueAmt014400
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0116328
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt059717
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0176045
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt018262
IRS990/DeferredRevenueGrp/EOYAmt05201
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0VISION FOR BALL & SOCKET IS TO: TRANSFORM THE HISTORIC FACTORY AND GROUNDS INTO AN ARTS AND ENTERTAINMENT COMPLEX PRESENT CURATED EXHIBITIONS OF PROFESSIONAL ARTISTS WITH A FOCUS ON CONTEMPORARY ART, AND PROVIDE EXHIBITION SPACES FOR REGIONAL ARTISTS AND COMMUNITY ORGANIZATIONS PRESENT PROFESSIONAL MUSIC AND THEATER PERFORMANCES AND PROVIDE OPPORTUNITIES FOR COMMUNITY ORGANIZATIONS PRESENT A CURATED FILM SERIES AND SCREENINGS OF WORK CREATED BY FILM AND ANIMATION STUDENTS OFFER CLASSES, WORKSHOPS AND LECTURES TAUGHT BY REGIONAL PROFESSIONAL ARTISTS FOR CHILDREN AND ADULTS, AND ENGAGE ARTISTS IN RESIDENCE FOR SPECIAL COURSES CREATE VIBRANT OUTDOOR PUBLIC SPACE AROUND THE BUILDINGS INCLUDING A SCULPTURE PARK AND ART WALK, WITH DIRECT ACCESS TO THE FARMINGTON CANAL LINEAR PARK
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt036839
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04000
IRS990/FeesForServicesAccountingGrp/TotalAmt04000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03432
IRS990/FeesForServicesLegalGrp/TotalAmt03432
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0KEVIN DALY
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFFREY GUIMOND
IRS990/Form990PartVIISectionAGrp/PersonNm2ILONA SOMOGYI
IRS990/Form990PartVIISectionAGrp/PersonNm3PHILIP ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD LAU
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID DRESCHER
IRS990/Form990PartVIISectionAGrp/PersonNm6ANDREW MARTELLI
IRS990/Form990PartVIISectionAGrp/PersonNm7PATRICIA NOZELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt012862
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt013062
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0176045
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01276
IRS990/InsuranceGrp/TotalAmt01276
IRS990/InterestGrp/ManagementAndGeneralAmt0897
IRS990/InterestGrp/TotalAmt0897
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt099
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt099
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02261392
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02381513
IRS990/LandBldgEquipCostOrOtherBssAmt02381513
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS AS FOLLOWS: A. TO PROMOTE AND SUSTAIN COMMUNITY INTEREST IN AND APPRECIATION OF THE VISUAL AND PERFORMING ARTS B. TO EDUCATE THE GENERAL PUBLIC ABOUT THE VISUAL AND PERFORMING ARTS C. TO SUPPORT YOUNG AND NEEDY ARTISTS D. TO CREATE A MULTI-FACETED ARTS AND EDUCATIONAL CENTER TO HOST AND FACILITATE THE AFOREMENTIONED ACTIVITIES
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01689000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01715219
IRS990/NetAssetsOrFundBalancesBOYAmt0439398
IRS990/NetAssetsOrFundBalancesEOYAmt0554297
IRS990/NetUnrlzdGainsLossesInvstAmt0-1428
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt026018
IRS990/OccupancyGrp/TotalAmt026018
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04904
IRS990/OfficeExpensesGrp/TotalAmt04904
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03070
IRS990/OtherAssetsTotalGrp/EOYAmt018278
IRS990/OtherExpensesGrp/Desc0OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2PROMOTIONAL ITEMS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06150
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1160
IRS990/OtherExpensesGrp/ProgramServicesAmt05467
IRS990/OtherExpensesGrp/ProgramServicesAmt15354
IRS990/OtherExpensesGrp/TotalAmt06150
IRS990/OtherExpensesGrp/TotalAmt15467
IRS990/OtherExpensesGrp/TotalAmt25354
IRS990/OtherExpensesGrp/TotalAmt3160
IRS990/OtherRevenueMiscGrp/Desc0RENTALS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014400
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014400
IRS990/OtherRevenueTotalAmt014400
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt099304
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05502
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01750
IRS990/PrincipalOfficerNm0KEVIN DALY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0114295
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03000
IRS990/PYOtherExpensesAmt029212
IRS990/PYRevenuesLessExpensesAmt088083
IRS990/PYTotalExpensesAmt029212
IRS990/PYTotalRevenueAmt0117295
IRS990/ReconcilationRevenueExpnssAmt0116328
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0161546
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0114295
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0298236
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt084921
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt044013
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0703011
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt014499
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt014499
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt011146
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt03239
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt014385
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98030
IRS990ScheduleA/PublicSupportPY509Pct00.97410
IRS990ScheduleA/PublicSupportTotal509Amt0717510
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0176045
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0114295
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0298236
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt084921
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt044013
IRS990ScheduleA/Total509Grp/TotalAmt0717510
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0176045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0114295
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0309382
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt088160
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt044013
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0731895
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01649763
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01649763
IRS990ScheduleD/LandGrp/BookValueAmt0197572
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0197572
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0534178
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0534178
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02381513
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MISSION IS AS FOLLOWS: A. TO PROMOTE AND SUSTAIN COMMUNITY INTEREST IN AND APPRECIATION OF THE VISUAL AND PERFORMING ARTS B. TO EDUCATE THE GENERAL PUBLIC ABOUT THE VISUAL AND PERFORMING ARTS C. TO SUPPORT YOUNG AND NEEDY ARTISTS D. TO CREATE A MULTI-FACETED ARTS AND EDUCATIONAL CENTER TO HOST AND FACILITATE THE AFOREMENTIONED ACTIVITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ARTISTS FOR CHILDREN AND ADULTS, AND ENGAGE ARTISTS IN RESIDENCE FOR SPECIAL COURSES CREATE VIBRANT OUTDOOR PUBLIC SPACE AROUND THE BUILDINGS INCLUDING A SCULPTURE PARK AND ART WALK, WITH DIRECT ACCESS TO THE FARMINGTON CANAL LINEAR PARK
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS BOARD OF DIRECTORS HAS ASSIGNED THE DUTY OR REVIEWING THE ANNUAL 990 TO ITS STANDING EXECUTIVE COMMITTEE. THE ANNUAL 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM WORKING CLOSELY WITH THE TREASURER. COPIES OF THE COMPLETED RETURN ARE PROVIDED TO THE EXECUTIVE COMMITTE FOR REVIEW AND UPON APPROVAL BY THE EXECUTIVE COMMITTEE, COPIES OF THE 990 FORM ARE PROVIDED TO ALL BOARD OF DIRECTORS MEMBERS BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS OF THE ORGANIZATION ARE MADE AVAILABLE TO THE GENERAL PUBLIC BY RECEIPT OF A WRITTEN REQUEST BY THE INTERESTED PARTY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01580
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01580
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02379954
IRS990/TotalAssetsEOYAmt02462108
IRS990/TotalAssetsGrp/BOYAmt02379954
IRS990/TotalAssetsGrp/EOYAmt02462108
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0161546
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022878
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036839
IRS990/TotalFunctionalExpensesGrp/TotalAmt059717
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01940556
IRS990/TotalLiabilitiesEOYAmt01907811
IRS990/TotalLiabilitiesGrp/BOYAmt01940556
IRS990/TotalLiabilitiesGrp/EOYAmt01907811
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0439398
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0554297
IRS990/TotalProgramServiceExpensesAmt036839
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014499
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0176045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02379954
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02462108
IRS990/TravelGrp/ManagementAndGeneralAmt01768
IRS990/TravelGrp/TotalAmt01768
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0437818
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0552717
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 128
IRS990/USAddress/CityNm0CHESHIRE
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006410
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.BALLANDSOCKET.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ILONA SOMOGYI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BALL & SOCKET ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0BALL
ReturnHeader/Filer/EIN0454079423
ReturnHeader/Filer/USAddress/AddressLine1Txt0762 BETHANY MOUNTAIN ROAD
ReturnHeader/Filer/USAddress/CityNm0CHESHIRE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006410
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId090EF96732731B7D7F03213C46BC4D8909B417D37
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId090EF96732731B7D7F03213C46BC4D8909B417D37
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.175.221.25
ReturnHeader/FilingSecurityInformation/IPDt02019-01-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:11:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061218594
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUDWITZ & MEYERJACK PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01122 HIGHLAND AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHESHIRE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0064101654
ReturnHeader/PreparerPersonGrp/PhoneNum02032721621
ReturnHeader/PreparerPersonGrp/PreparationDt02019-01-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A PELLETIER CPA
ReturnHeader/ReturnTs02019-01-31T13:11:29-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,462,108
Liabilities
$1,907,811
Net assets
$554,297
Revenue
$176,045
Expenses
$59,717
Net income
$116,328
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.33$3.23$6.10$3.17$0.70$2.48
2023Summary only. Only limited summary data is available for this year.$7.73$4.88$2.84$1.25$0.43$0.82
2022Summary only. Only limited summary data is available for this year.$7.64$5.66$1.98$1.26$0.07$1.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$2.16$0.79$0.15$0.04$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$2.02$0.68$0.11$0.02$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$1.96$0.59$0.08$0.04$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.46$1.91$0.55$0.18$0.06$0.12
2017Summary only. Only limited summary data is available for this year.$2.38$1.94$0.44$0.12$0.03$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$1.91$0.35$0.30$0.06$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.24$2.12$0.12$0.09$0.05$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.04$0.00$0.04
2012Summary only. Only limited summary data is available for this year.$0.03$0.00$0.04$0.01$0.03