Civic Intelligence

Ball & Socket Arts Inc.

990 • Fiscal year 2022 • EIN 45-4079423

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 26, 2023

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

0.74x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

4.49x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

98th percentile

94%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

97th percentile

159%

Faster asset growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

730%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$7,637,773

Flat from 2022

Net Assets

Flat

$1,978,145

Flat from 2022

Liabilities

Flat

$5,659,628

Flat from 2022

Revenue

Flat

$1,260,388

Flat from 2022

Expenses

Flat

$69,359

Flat from 2022

Net Income

Flat

$1,191,029

Flat from 2022

Historical Trend

Balance Sheet Trend

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 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

2022

Assets$7,637,773
Liabilities$5,659,628
Net Assets$1,978,145

Operations Trend

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 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

2022

Revenue$1,260,388
Expenses$69,359
Net Income$1,191,029
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 26, 2023
Return Version
2021v4.0
Gross Receipts
$1,470,375
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$2,843,907$5,113,680▲ $2,269,773
Pledges and Grants Receivable-$2,071,635-
Cash and Non-Interest-Bearing Accounts$106,161$427,482▲ $321,321
Loans From Officers Directors$36,156$96,822▲ $60,666
Investments in Publicly Traded Securities-$21,906-
Total Assets$2,953,138$7,637,773▲ $4,684,635
Other Assets Total$3,070$3,070→ $0
Liabilities
Other Liabilities-$2,606,336-
Mortgage Notes Payable Secured by Investment Property$2,059,937$2,115,306▲ $55,369
Accounts Payable and Accrued Expenses$65,601$808,521▲ $742,920
Deferred Revenue-$32,643-
Total Liabilities$2,161,694$5,659,628▲ $3,497,934
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$791,444$1,978,145▲ $1,186,701
Total Net Assets Fund Balance$791,444$1,978,145▲ $1,186,701
Total Liabilities and Net Assets / Fund Balance$2,953,138$7,637,773▲ $4,684,635

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,911,108-$4,911,108
Land$197,572-$197,572
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ron BergamoChairman
Ilona SomogyiPresident
Anthony CarterDirector
Corey NashDirector
Courtney CullinDirector
Edward MetcalfDirector
Joel RenkerDirector
Kathy SmithDirector
Philip AndersonDirector
Roberta HavlickDirector
Ryan RothDirector
Regina ThorntonSecretary
Karin AraiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,249,561
Program Service Revenue
$0
Investment Income
$10,827
Other Revenue
$0
All Other Contributions
$1,129,538
Change in Net Assets
$1,191,029

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded3$216,584
Total Noncash Contributions3$216,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$69,359
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
Fees for Services Other-$11,795-$11,795
Office Expenses-$11,525-$11,525
Insurance$10,328--$10,328
Occupancy$9,349--$9,349
Advertising-$8,812-$8,812
Fees for Services Legal-$8,486-$8,486
Fees for Services Accounting-$3,250-$3,250
Other Expenses$2,783$150-$150
Travel-$144-$144
Interest-$107-$107
Total Functional Expenses$22,460$46,899$0$69,359
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,403
Fundraising Gross Income$14,403
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Fundrai$38,057$14,403$14,403$0
Total Events$38,057$14,403$14,403-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$36,156$96,822▲ $60,666
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$2,606,336
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
President
Signed
2023-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ilona Somogyi
Formed
2011
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
20

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

Vision 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.

Form 990, Part IX, Line 11G

Outside services 0 11,795 0

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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/BOYAmt02059937
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02115306
IRS990/NetAssetsOrFundBalancesBOYAmt0791444
IRS990/NetAssetsOrFundBalancesEOYAmt01978145
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt010600
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt010600
IRS990/NetUnrlzdGainsLossesInvstAmt0-4328
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0791444
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01978145
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0216584
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt09349
IRS990/OccupancyGrp/TotalAmt09349
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011525
IRS990/OfficeExpensesGrp/TotalAmt011525
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03070
IRS990/OtherAssetsTotalGrp/EOYAmt03070
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1DONATIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02630
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1150
IRS990/OtherExpensesGrp/ProgramServicesAmt02783
IRS990/OtherExpensesGrp/TotalAmt02783
IRS990/OtherExpensesGrp/TotalAmt12630
IRS990/OtherExpensesGrp/TotalAmt2150
IRS990/OtherLiabilitiesGrp/EOYAmt02606336
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02071635
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ILONA SOMOGYI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0151934
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04
IRS990/PYOtherExpensesAmt043792
IRS990/PYRevenuesLessExpensesAmt0108146
IRS990/PYTotalExpensesAmt043792
IRS990/PYTotalRevenueAmt0151938
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01191029
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0951522
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt020000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0971522
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01249561
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0158606
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0120410
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt063836
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0161546
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01753959
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt014630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt076
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt020344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt014499
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt049553
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.46130
IRS990ScheduleA/PublicSupportPY509Pct00.96940
IRS990ScheduleA/PublicSupportTotal509Amt0831990
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0951522
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0971522
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01264191
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0158610
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0120486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt084180
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0176045
IRS990ScheduleA/Total509Grp/TotalAmt01803512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01264191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0158610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0120486
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt084180
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0176045
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01803512
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04911108
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04911108
IRS990ScheduleD/LandGrp/BookValueAmt0197572
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0197572
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02606336
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05108680
IRS990ScheduleD/TotalLiabilityAmt02606336
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt023654
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt023654
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014403
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VARIOUS FUNDRAI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt038057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt038057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt014403
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt014403
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014403
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014403
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt096822
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO FUND BUILDING CONSTRUCTION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt040000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0RON AND SHARON BERGAMO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt096822
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0216584
IRS990ScheduleM/ThirdPartiesUsedInd0false
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/ExplanationTxt1VISION 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.
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/ExplanationTxt4OUTSIDE SERVICES 0 11,795 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02953138
IRS990/TotalAssetsEOYAmt07637773
IRS990/TotalAssetsGrp/BOYAmt02953138
IRS990/TotalAssetsGrp/EOYAmt07637773
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01249561
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046899
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt022460
IRS990/TotalFunctionalExpensesGrp/TotalAmt069359
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02161694
IRS990/TotalLiabilitiesEOYAmt05659628
IRS990/TotalLiabilitiesGrp/BOYAmt02161694
IRS990/TotalLiabilitiesGrp/EOYAmt05659628
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0791444
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01978145

Document Assets

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Filings

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
2022Detailed filing. Detailed filing data is available for this year.$7.64$5.66$1.98$1.26$0.07$1.19
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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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