Conservatory Lab Foundation INC: FY2021 Nonprofit Profile & Form 990 (EIN 04-3443578)

Revenue by fiscal year
FY2021	$901K
FY2022	$3.3M
FY2023	$2.0M
FY2024	$2.7M
FY2025	$2.8M

Expenses by fiscal year
FY2021	$4.7M
FY2022	$1.8M
FY2023	$1.9M
FY2024	$2.0M
FY2025	$5.9M

Net assets by fiscal year
FY2021	$596K
FY2022	$2.1M
FY2023	$2.1M
FY2024	$2.7M
FY2025	−$402K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $4.4M Management & general 1% · $51K Fundraising 5% · $252K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Debra L Smith

Director & Assistant Clerk

$0Pt VII · Sec A

Bradley F Richardson

Class B Director

$0Pt VII · Sec A

Gary Gut

Class B Director

$0Pt VII · Sec A

Melanie Sheffield

President, Class a Director

$0Pt VII · Sec A

Katharine M Pell

Clerk

$0Pt VII · Sec A

John Paolella

Treasurer

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes music education as a learning model for wider understanding.

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Provided by the organization

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1 program · $4.4M · in their own filed words · FY2020

01

The foundation raised funds to benefit the programs for the dissemination of learning thru music as an educational model

$4.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Boston Foundation INCFY2024$178K

Fidelity Investments Charitable Gift FundFY2024$93K

Wellington Management FoundationFY2024$60K

Van Otterloo Family FoundationFY2024$25K

The Carol H and Kevin W Sharer Education FoundationFY2024$25K

Deborah Munroe Noonan Memorial FundFY2024$20K

Point32health Foundation INCFY2024$20K

Donor Advised Charitable Giving INCFY2024$17K

Total grants receivedfrom 10 funders$468K

See all 10 funders →

Grants paid · 6 grants · $5.5M · 2020–2024

Clcs Realty II Support CorporationMA · FY2024$3,556,037

Conservatory Lab Charter SchoolFY2024$566,125

Conservatory Lab Charter SchoolFY2023$429,300

Conservatory Lab Charter SchoolFY2022$363,700

Conservatory Lab Charter SchoolFY2021$237,600

Conservatory Lab Charter SchoolFY2020$337,346

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$901K

Ln 12

Gifts and grantsLn 1h$610K

Investment incomeLn 3$118K

Fees for servicesLn 2g$110K

Money outPt IX

$4.7M

Ln 25

Programscol B$4.4M

Managementcol C$51K

Fundraisingcol D$252K

Owns and owesPt X

$596K

net assets · Ln 32

Cash and savingsLn 1–2$1.4M

Total assetsLn 16$26.9M

LiabilitiesLn 26$26.3M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$610K

Noncash giftsLn 1g$8K

Fees for servicesLn 2g$110K

Investment incomeLn 3$118K

Other incomeLn 4–11$63K

Gains on assetsLn 7−$1

Total revenueLn 12$901K

Assets in detailPt X, end of year

CashLn 1$1.4M

Cash and savings togetherLn 1–2$1.4M

Land, buildings, equipmentLn 10c$3.1M

Total assetsLn 16$26.9M

LiabilitiesLn 26$26.3M

Net assetsLn 32$596K

OperationsPt I, VI

EmployeesI 53

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$1.0M	$1.4M
Land, buildings, equipmentLn 10c	$3.1M	$3.1M
Total assetsLn 16	$21.6M	$26.9M
LiabilitiesLn 26	$17.2M	$26.3M
Net assetsLn 32	$4.4M	$596K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$337K	$337K
Other salaries and wagesLn 7	$194K		$10K	$185K
Pension plan contributionsLn 8	$5K		$269	$5K
Other employee benefitsLn 9	$8K		$433	$8K
Payroll taxesLn 10	$21K		$1K	$20K
Accounting feesLn 11c	$17K		$17K
Other fees for servicesLn 11g	$2K		$2K
Advertising and promotionLn 12	$21K			$21K
Office expensesLn 13	$614		$614
InterestLn 20	$824K	$824K
Depreciation, depletion and amortizationLn 22	$69K	$69K
Other expenses (24a–d)Ln 24	$3.2M	$3.1M	$18K	$12K
All other expensesLn 24e	$2K	$15	$616	$2K
Total functional expensesLn 25	$4.7M	$4.4M	$51K	$252K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$2.8M	$5.9M	−$3.1M	−$402K	990 PDF
FY2024	$2.7M	$2.0M	$618K	$2.7M	990 PDF
FY2023	$2.0M	$1.9M	$82K	$2.1M	990 PDF
FY2022	$3.3M	$1.8M	$1.5M	$2.1M	990 PDF
FY2021 Viewing	$901K	$4.7M	−$3.8M	$596K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $900,646 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $800,426$610,371

I-9 Program service revenuePrior year $688,539$110,006

I-10 Investment incomePrior year $118,499$117,669

I-11 Other revenuePrior year $0$62,600

I-12 Total revenuePrior year $1,607,464$900,646

I-13 Grants and similar amounts paidPrior year $580,956$337,346

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $227,361$228,305

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $761,302$4,107,808

I-18 Total expensesPrior year $1,569,619$4,673,459

I-19 Revenue less expensesPrior year $37,845−$3,772,813

Part VI · Governance 6 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $900,646 across 8 lines filed

VIII-1f All other contributions, gifts and grants$610,371

VIII-1g Noncash contributions (included above)$7,984

VIII-1h Total contributions, gifts and grants$610,371

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $110,006$110,006

VIII-3 Investment incomeRelated to mission $117,670$117,670

VIII-7 Net gain or loss on sales of assetsRelated to mission −$1−$1

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $62,600$62,600

VIII-12 Total revenueRelated to mission $290,275 · Unrelated business $0 · Excluded from tax $0$900,646

Part IX · Statement of functional expenses $4,673,459 across 13 lines filed

IX-1 Grants to domestic organizationsPrograms $337,346$337,346

IX-7 Other salaries and wagesManagement $9,717 · Fundraising $184,617$194,334

IX-8 Pension plan contributionsManagement $269 · Fundraising $4,836$5,105

IX-9 Other employee benefitsManagement $433 · Fundraising $7,800$8,233

IX-10 Payroll taxesManagement $1,086 · Fundraising $19,547$20,633

IX-11c Accounting feesManagement $17,000$17,000

IX-11g Other fees for servicesManagement $2,500$2,500

IX-12 Advertising and promotionFundraising $20,740$20,740

IX-13 Office expensesManagement $614$614

IX-20 InterestPrograms $823,634$823,634

IX-22 Depreciation, depletion and amortizationPrograms $68,630$68,630

IX-24 Other expenses (24a–d)Programs $3,141,676 · Management $18,325 · Fundraising $12,189$3,172,190

IX-24e All other expensesPrograms $15 · Management $616 · Fundraising $1,869$2,500

IX-25 Total functional expensesPrograms $4,371,301 · Management $50,560 · Fundraising $251,598$4,673,459

Part X · Balance sheet $26,942,371 assets, 12 lines filed

Asset lines not itemized here account for $22,448,805; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,005,714$1,354,539

X-3 Pledges and grants receivableStart of year $68,775$13,025

X-9 Prepaid expenses and deferred charges$2,010

X-10c Land, buildings and equipment, netStart of year $3,067,624$3,123,992

X-16 Total assetsStart of year $21,571,203$26,942,371

X-17 Accounts payable and accrued expensesStart of year $49,943$105,850

X-25 Other liabilitiesStart of year $3,360,878$4,549,731

X-26 Total liabilitiesStart of year $17,202,034$26,346,015

X-27 Net assets without donor restrictionsStart of year $1,131,432$573,830

X-28 Net assets with donor restrictionsStart of year $3,237,737$22,526

X-32 Total net assets or fund balancesStart of year $4,369,169$596,356

X-33 Total liabilities and net assetsStart of year $21,571,203$26,942,371

Part XI · Reconciliation of net assets $596,356 net assets at year end

XI-1 Total revenue$900,646

XI-2 Total expenses$4,673,459

XI-3 Revenue less expenses−$3,772,813

XI-4 Net assets at start of year$4,369,169

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$596,356

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Conservatory Lab Foundation INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Conservatory Lab Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV