Civic Intelligence

Ball & Socket Arts Inc.

990T • Fiscal year 2024 • EIN 45-4079423

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 27, 2025

Organization ProfileWWW.BALLANDSOCKET.ORG

Refreshing map…

493 West Main StreetCheshire, CT 06410

(917) 414-4020

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Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

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No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

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No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

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 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

Latest loaded filing

2025

Assets$9,326,986
Liabilities$3,225,529
Net Assets$6,101,457
Open 2025 Filing

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 2023: $1,247,243Expenses 2023: $425,708Net Income 2023: $821,5352023Revenue 2025: $3,172,794Expenses 2025: $696,685Net Income 2025: $2,476,1092025

Latest loaded filing

2025

Revenue$3,172,794
Expenses$696,685
Net Income$2,476,109
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 27, 2025
Return Version
2023v8.0
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.

Filing and Contact Details

Filer

Filer Name
Ball & Socket Arts Inc
EIN
45-4079423
Address
493 WEST MAIN STREET, CHESHIRE, CT 06410

Signing Officer

Name
Ilona Somogyi
Title
President
Signed
2025-01-27
Discuss with paid preparer
Yes

Preparer

Firm
Budwitz & Meyerjack Pc
Address
1122 HIGHLAND AVE, CHESHIRE, CT 06410-1654
Preparer
David a Pelletier CPA
Phone
2032721621
Raw XML Appendix92 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
IRS4562/BusinessOrActivityTxt0INDIRECT DEPRECIATION
IRS4562/BusinessOrActivityTxt1493 WEST MAIN STREET
IRS4562/MACRSDedForAstInSrvcBfrPYAmt041907
IRS4562/MACRSDedForAstInSrvcBfrPYAmt139116
IRS4562/MaximumDollarLimitationAmt01160000
IRS4562/MaximumDollarLimitationAmt11160000
IRS4562/OtherDepreciationAmt035685
IRS4562/OtherDepreciationAmt1753
IRS4562/ThresholdCostOfSect179PropAmt02890000
IRS4562/ThresholdCostOfSect179PropAmt12890000
IRS4562/TotalDepreciationAmt077592
IRS4562/TotalDepreciationAmt139869
IRS990T/BooksInCareOfDetail/PersonNm0ILONA SOMOGYI
IRS990T/BooksInCareOfDetail/PhoneNum09174144020
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0493 WEST MAIN STREET
IRS990T/BooksInCareOfDetail/USAddress/CityNm0CHESHIRE
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd006410
IRS990T/BookValueAssetsEOYAmt08591242
IRS990T/ForeignAccountsQuestionInd0false
IRS990T/ForeignTrustQuestionInd0false
IRS990T/Form990TScheduleAAttachedCnt01
IRS990T/NetOperatingLossDeductionAmt00
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt02628
IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd0531120
IRS990TScheduleA/DepreciationClmElsewhereAmt039869
IRS990TScheduleA/NetUnrelatedDebtFincdIncmAmt0-6809
IRS990TScheduleA/PrincipalBusinessActivityCd0531120
IRS990TScheduleA/SequenceReferenceNum01
IRS990TScheduleA/SequenceTotalNum01
IRS990TScheduleA/TotalAllocableDeductionsAmt023977
IRS990TScheduleA/TotalDepreciationAmt039869
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt017168
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt0-6809
IRS990TScheduleA/TotUnrltTrdBusIncmAmt017168
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt023977
IRS990TScheduleA/TradeOrBusinessDesc0UNRELATED BUSINESS ACTIVITY
IRS990TScheduleA/UBIBeforeNOLDedAmt0-6809
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt0-6809
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AllocableDeductionAmt023977
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAcquisitionAdjBasisPct00.27310
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAcquisitionDebtAmt0185032
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAdjustedBasisAmt0677554
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/GrossIncomeAmt062865
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/GrossIncomeReportableAmt017168
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/OtherDebtFinancedDeductionAmt047928
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/StraightLineDepreciationDedAmt039869
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/TotalDebtFinancedDeductionAmt087797
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/AddressLine1Txt0493 WEST MAIN STREET
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/CityNm0CHESHIRE
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/StateAbbreviationCd0CT
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/ZIPCd006410
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd0false
IRS990T/TaxableCorporationAmt00
IRS990T/TaxableTrustAmt00
IRS990T/TaxLessCreditsAmt00
IRS990T/TotalDeductionAmt01000
IRS990T/TotalTaxAmt00
IRS990T/TotalTaxComputationAmt00
IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIBeforeSection199AAmt00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ILONA SOMOGYI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BALL & SOCKET ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0BALL
ReturnHeader/Filer/EIN0454079423
ReturnHeader/Filer/USAddress/AddressLine1Txt0493 WEST MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0CHESHIRE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006410
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02025-01-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A PELLETIER CPA
ReturnHeader/ReturnTs02025-02-01T10:21:54-05:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
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Liabilities
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Net assets
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Revenue
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Expenses
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Net income
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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
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
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
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