NonprofitsLyme Academy Of Fine Arts Inc

Arts, Culture & Humanities

Lyme Academy Of Fine Arts Inc

OLD LYME, CT

Total revenue

$3.3M

Total expenses

$2.4M

Net assets

$17.1M

Grants received

$804K

26 grants

EIN

060942210

Tax year

2024

Mission

We are an academy of professional artists that encourages individuality and innovation through skills-based training. With a faculty of internationally-recognized artists and scholars, we offer a comprehensive, multi-year program of disciplined study, integrating rigorous studio instruction in drawing and painting with anatomy, sculpture, and twenty-first century approaches to the history of art. Our geography, located along the connecticut river and the heart of the celebrated lyme art colony, and between the metropolitan centers of boston and new york, is imbued with history, and remains an active site of progressive artists' congregation and comaraderie. Students at our academy participate in this community, continuing an unbroken tradition of art education and practice while finding their own creative voice. From this unique vantage point and through their evolution, our legacy and future unites.

Financials

FY 2024

Revenue

Contributions & grants$1.8M
Program service revenue$881K
Investment income$343K
Other revenue$266K
Total revenue$3.3M

Expenses

Grants paid$105K
Salaries & benefits$979K
Fundraising$86K
Other expenses$1.3M
Total expenses$2.4M
Total assets$19.2M
Net assets$17.1M

People

20 listed

NameRoleCompensation

JORDON SOKOL

ARTISTIC DRCTR

Board

$100K

40 hrs/wk

WENDY BURY

MANAGING DRCTR

Board

$100K

40 hrs/wk

MICHAEL DUFFY

Chairman

Board

5 hrs/wk

LAURA LEE MILLER

Treasurer

Board

5 hrs/wk

PAUL KNIERIM

Secretary

Board

5 hrs/wk

LEE BOWES

Director

Board

2 hrs/wk

SUE JOFFRAY

Director

Board

2 hrs/wk

DAVID KELSEY

Director

Board

2 hrs/wk

SUSAN SKELSEY

Director

Board

2 hrs/wk

MELISSA BARBIERI

Director

Board

2 hrs/wk

WILL ALLIK

Director

Board

2 hrs/wk

MICHAEL GRIMALDI

Director

Board

2 hrs/wk

EILEEN EDER

Director

Board

2 hrs/wk

JOSHUA JANSON

Director

Board

2 hrs/wk

LINCOLN CHAN

Director

Board

2 hrs/wk

LAURA HANSEN

Vice CHAIR

Board

5 hrs/wk

WILLIAM BACHMAN

Director

Board

2 hrs/wk

MARY WILSON

Director

Board

2 hrs/wk

ALLEN ROSENSHINE

Director

Board

2 hrs/wk

MARTHA SHOEMAKER

Director

Board

2 hrs/wk

Grants received

Showing 26 of 26

FromAmountPurposeYear
$50K
ARTS, CULTURE
2024
$15K
FOR A SCHOLARSHIP AWARD.
2024
$75
VOLUNTEER PROGRAM
2024
$163K
For grant recipient's exempt purposes
2023
$50K
ARTS, CULTURE
2023
$25K
GENERAL PURPOSE
2023
$20K
FOR A SCHOLARSHIP AWARD.
2023
$13K
ARTS, CULTURE & HUMANITIES
2023
$2K
SCHOLARSHIP - TO PROMOTE ART & ARTISTS
2023
$51K
CT CULTURAL FUND OPE
2022
$50K
UNRESTRICTED
2022
$50K
GENERAL PURPOSE
2022
$25K
ARTS, CULTURE
2022
$15K
ARTS, CULTURE & HUMANITIES
2022
$14K
For grant recipient's exempt purposes
2022
$10K
GENERAL OPERATING
2022
$6K
GENERAL EDUCATIONAL AND CHARITABLE PURPOSES
2022
$750
SCHOLARSHIP - TO PROMOTE ART & ARTISTS
2022
$114K
CT CULTURAL FUND OPE
2021
$25K
UNRESTRICTED
2021
$14K
For grant recipient's exempt purposes
2021
$14K
For grant recipient's exempt purposes
2021
$15K
For grant recipient's exempt purposes
2020

Funded by

$804K from 12 funders · 26 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$219K · 5 grants · 2020–2023

Connecticut Humanities Council Inc

$165K · 2 grants · 2021–2022

American Endowment Foundation

$125K · 3 grants · 2022–2024

Eder Family Foundation Inc

$75K · 2 grants · 2021–2022

Morris And Alma Schapiro Fund

$75K · 2 grants · 2022–2023

National Philanthropic Trust

$63K · 3 grants · 2017–2023

The New York Community Trust

$35K · 2 grants · 2023–2024

Donor Advised Charitable Giving Inc

$28K · 2 grants · 2022–2023

Details

EIN060942210
NTEE codeA250
Subsection03
Ruling date1991-12
Formed1976
Employees19
Volunteers45
LYME ACADEMY OF FINE ARTS INC — Mission, Financials & Grants Received | Grantivo