Conservatory Lab Foundation INC: FY2023 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

82 cents of each dollar spent went to programs.

82%

16%

Program services 82% · $1.6M Management & general 2% · $39K Fundraising 16% · $314K

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Katharine M Pell

Clerk & Class B Director

$0Pt VII · Sec A

John Paolella

Treasurer & Class a Director

$0Pt VII · Sec A

Debra L Smith

Assistant Clerk & Class a Director

$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

See Conservatory Lab Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Conservatory Lab Foundation INC

Tap to ask. Conservatory Lab Foundation INC sees how many people are interested.

Your first name shows with your question. Conservatory Lab Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $1.6M · in their own filed words · FY2022

01

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

$1.6Mprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.0M

Ln 12

Other incomeLn 4–11$1.1M

Gifts and grantsLn 1h$659K

Fees for servicesLn 2g$161K

Money outPt IX

$1.9M

Ln 25

Programscol B$1.6M

Managementcol C$39K

Fundraisingcol D$314K

Owns and owesPt X

$2.1M

net assets · Ln 32

Cash and savingsLn 1–2$265K

Total assetsLn 16$25.0M

LiabilitiesLn 26$22.9M

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$659K

Noncash giftsLn 1g$14K

Fees for servicesLn 2g$161K

Investment incomeLn 3$135K

Other incomeLn 4–11$1.1M

Gains on assetsLn 7$345

Total revenueLn 12$2.0M

Assets in detailPt X, end of year

CashLn 1$265K

Cash and savings togetherLn 1–2$265K

InvestmentsLn 11–13$907K

Land, buildings, equipmentLn 10c$3.0M

Other assetsLn 15$268K

Total assetsLn 16$25.0M

LiabilitiesLn 26$22.9M

Net assetsLn 32$2.1M

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 FY23	End FY23
Cash and savingsLn 1–2	$1.2M	$265K
InvestmentsLn 11–13		$907K
Land, buildings, equipmentLn 10c	$3.1M	$3.0M
Total assetsLn 16	$26.0M	$25.0M
LiabilitiesLn 26	$24.0M	$22.9M
Net assetsLn 32	$2.1M	$2.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$364K	$364K
Other salaries and wagesLn 7	$244K		$12K	$232K
Pension plan contributionsLn 8	$44K		$2K	$42K
Accounting feesLn 11c	$18K		$18K
Other fees for servicesLn 11g	$3K		$3K
Office expensesLn 13	$1K		$1K
InterestLn 20	$1.2M	$1.2M
Depreciation, depletion and amortizationLn 22	$71K	$71K
Other expenses (24a–d)Ln 24	$42K		$2K	$39K
All other expensesLn 24e	$566		$566
Total functional expensesLn 25	$1.9M	$1.6M	$39K	$314K

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 Viewing	$2.0M	$1.9M	$82K	$2.1M	990 PDF
FY2022	$3.3M	$1.8M	$1.5M	$2.1M	990 PDF
FY2021	$901K	$4.7M	−$3.8M	$596K	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $2,021,236 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $572,503$659,014

I-9 Program service revenuePrior year $160,834$160,828

I-10 Investment incomePrior year $117,226$135,059

I-11 Other revenuePrior year $2,401,244$1,066,335

I-12 Total revenuePrior year $3,251,807$2,021,236

I-13 Grants and similar amounts paidPrior year $237,600$363,958

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

I-15 Salaries and benefitsPrior year $254,473$288,702

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

I-17 Other expensesPrior year $1,305,855$1,286,136

I-18 Total expensesPrior year $1,797,928$1,938,796

I-19 Revenue less expensesPrior year $1,453,879$82,440

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 $2,021,236 across 8 lines filed

VIII-1f All other contributions, gifts and grants$659,014

VIII-1g Noncash contributions (included above)$14,353

VIII-1h Total contributions, gifts and grants$659,014

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $160,828$160,828

VIII-3 Investment incomeRelated to mission $134,714$134,714

VIII-7 Net gain or loss on sales of assetsRelated to mission $345$345

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,066,335$1,066,335

VIII-12 Total revenueRelated to mission $1,362,222 · Unrelated business $0 · Excluded from tax $0$2,021,236

Part IX · Statement of functional expenses $1,938,796 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $363,958$363,958

IX-7 Other salaries and wagesManagement $12,211 · Fundraising $232,007$244,218

IX-8 Pension plan contributionsManagement $2,224 · Fundraising $42,260$44,484

IX-11c Accounting feesManagement $18,000$18,000

IX-11g Other fees for servicesManagement $2,571$2,571

IX-13 Office expensesManagement $1,082$1,082

IX-20 InterestPrograms $1,151,616$1,151,616

IX-22 Depreciation, depletion and amortizationPrograms $70,714$70,714

IX-24 Other expenses (24a–d)Management $2,328 · Fundraising $39,259$41,587

IX-24e All other expensesManagement $566$566

IX-25 Total functional expensesPrograms $1,586,288 · Management $38,982 · Fundraising $313,526$1,938,796

Part X · Balance sheet $24,981,246 assets, 12 lines filed

Asset lines not itemized here account for $20,559,162; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,194,708$265,016

X-10c Land, buildings and equipment, netStart of year $3,053,278$2,982,564

X-12 Other securities$906,504

X-15 Other assetsStart of year $0$268,000

X-16 Total assetsStart of year $26,012,397$24,981,246

X-17 Accounts payable and accrued expensesStart of year $94,838$98,279

X-25 Other liabilitiesStart of year $2,264,637$1,483,494

X-26 Total liabilitiesStart of year $23,962,162$22,852,399

X-27 Net assets without donor restrictionsStart of year $2,040,209$2,118,821

X-28 Net assets with donor restrictionsStart of year $10,026$10,026

X-32 Total net assets or fund balancesStart of year $2,050,235$2,128,847

X-33 Total liabilities and net assetsStart of year $26,012,397$24,981,246

Part XI · Reconciliation of net assets $2,128,847 net assets at year end

XI-1 Total revenue$2,021,236

XI-2 Total expenses$1,938,796

XI-3 Revenue less expenses$82,440

XI-4 Net assets at start of year$2,050,235

XI-5 Net unrealized gains (losses) on investments−$3,828

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,128,847

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Conservatory Lab Foundation INC FY2023 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