2024-06-10T15:35:15-04:00 2023-09-30 061352068 CARNEY ROY AND GERROL PC 35 COLD SPRING ROAD SUITE 111 ROCKY HILL CT 060673161 990 2022-10-01 060958072 REAL ART WAYS INC REAL 8602321006 56 ARBOR STREET HARTFORD CT 06106 JOHN WILKINS EXEC DIRECTOR 8602321006 2024-02-22 true JOHN WILKINS XXX-XX-XXXX true THOMAS D ROY P00292134 8607215786 2024-05-28 2022 2023-04-26 12:10:37Z JOHN WILKINS 56 ARBOR STREET HARTFORD CT 06106 2731011 false X WWW.REALARTWAYS.ORG X 1975 CT REAL ART WAYS IS AN ALTERNATIVE MULTIDISCIPLINARY ARTS ORGANIZATION THAT PRESENTS AND SUPPORTS CONTEMPORARY ARTISTS AND THEIR WORK, FACILITATES THE CREATION OF NEW WORK, AND CREATIVELY ENGAGES, BUILDS, AND INFORMS AUDIENCES AND COMMUNITIES. 7 7 34 26 0 3601324 2251295 315199 412726 -435 24103 28571 -61988 3944659 2626136 0 0 866387 985039 14552 0 388456 597833 671711 1478772 1656750 2465887 969386 4525806 5537710 233456 275974 4292350 5261736 X REAL ART WAYS IS AN ALTERNATIVE MULTIDISCIPLINARY ARTS ORGANIZATION THAT PRESENTS AND SUPPORTS CONTEMPORARY ARTISTS AND THEIR WORK, FACILITATES THE CREATION OF NEW WORK, AND CREATIVELY ENGAGES, BUILDS, AND INFORMS AUDIENCES AND COMMUNITIES. false false 382187 289415 FILM AND VIDEO WHICH SERVED 17,021 PEOPLE DURING THE YEAR. 288603 VISUAL ARTS PROGRAM WHICH SERVED 23,628 PEOPLE DURING THE YEAR. 171347 8663 LIVE PERFORMANCE PROGRAM WHICH SERVED 4,781 PEOPLE DURING THE YEAR. 157919 114648 EDUCATIONAL AND FAMILY PROGRAMS WHICH SERVED 1,332 PEOPLE DURING THE YEAR. 157919 114648 1000056 true true false false false false false false false true true true false true true false false true false false false false false false true false false false false true false false false false false false false false true false false false false true true true false false true 61 0 34 true false false false false false true true false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false CT X X BARBARA HOCKER 8602321006 56 ARBOR STREET HARTFORD CT 06106 JOHN WILKINS EXEC DIRECTO 40.00 X 135211 0 23358 GREGG ROHDE CHAIR & TREA 1.00 X X 0 0 0 YEDALIS RUIZ VICE CHAIR 1.00 X X 0 0 0 BRENDA MILLER SECRETARY 1.00 X X 0 0 0 DEREK HALL DIRECTOR 1.00 X 0 0 0 VICTOR PACHECO DIRECTOR 1.00 X 0 0 0 ENID REY DIRECTOR 1.00 X 0 0 0 PETER WAITE DIRECTOR 1.00 X 0 0 0 OLU OGUIBE DIRECTOR 1.00 X 0 0 0 135211 23358 1 false true false 112447 186503 1952345 77176 2251295 PROGRAM SERVICE FEES 269925 269925 MEMBERSHIP DUES 111378 111378 SPACE RENTAL 31423 31423 412726 24024 24024 -100334 -100334 -100334 -100334 76545 75698 768 847 -768 79 79 28409 112447 28409 MANAGEMENT FEE 38346 38346 38346 2626136 381303 -6462 153100 81825 23532 47743 708149 378472 108849 220828 6492 3471 997 2024 46124 24652 7089 14383 71174 38040 10939 22195 13000 13000 98973 68389 11884 18700 12730 2911 9819 29764 8492 9308 11964 97852 59144 15543 23165 8789 8388 401 38779 22988 6209 9582 39533 30040 9493 ARTIST FEES 110908 105022 2761 3125 FILM RELATED 65960 65960 MISCELLANEOUS 51269 27909 11268 12092 CONCESSION ITEMS 40644 40644 63510 33709 27547 2254 1656750 1000056 268238 388456 202592 202424 1468588 1903388 520358 951539 13051 2020 9692 17551 1800695 1704556 123081 96139 2147393 1629680 41051 734969 4525806 5537710 86256 91959 147200 154772 29243 233456 275974 X 3628054 3994459 664296 1267277 4292350 5261736 4525806 5537710 969386 X false true X true false X 906085 1246226 1658781 2101324 1306580 7218996 906085 1246226 1658781 2101324 1306580 7218996 184338 7034658 1093 10944 8541 11411 -44887 -12898 30138 38346 68484 7274582 1492672 0.96700 0.97210 X SUPPORTING SCHEDULE CAPITAL CAMPAIGN - BUILDING PROJECT 70,000 CAPITAL CAMPAIGN - BUILDING PROJECT 69,769 CAPITAL CAMPAIGN - BUILDING PROJECT 208,106 CAPITAL CAMPAIGN - BUILDING PROJECT 50,000 CAPITAL CAMPAIGN - BUILDING PROJECT 109,807 CAPITAL CAMPAIGN - BUILDING PROJECT 267,687 CAPITAL CAMPAIGN - BUILDING PROJECT 69,346 CAPITAL CAMPAIGN - BUILDING PROJECT 100,000 PART II, LINE 10 OTHER INCOME 68,484 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 503000 200 200 503000 503000 205 205 503000 503000 373 373 503000 503000 448 448 503000 503000 604 604 503000 1.00000 false false 1486293 1417058 69235 314402 287498 26904 96139 1629680 C 1629680 DUE FROM 56 ARBOR STREET MM LLC 626782 DUE FROM 56 ARBOR STREET LLC 78944 OPERATING LEASE RIGHT-OF-USE ASSET 29243 734969 RIGHT-OF-USE OPERATING LEASE LIABILI 29243 29243 SCHEDULE D, PAGE 2, PART V, LINE 4 THE WALLACE CASH RESERVE FUND (RESERVE FUND) IS REQUIRED TO BE MAINTAINED IN PERPETUITY AS A DONOR-RESTRICTED FUND AND MAY NOT BE USED FOR ANY OTHER PURPOSE OR PROGRAM WITHOUT THE PRIOR WRITTEN APPROVAL OF THE WALLACE FOUNDATION. REAL ART WAYS, INC. MAY TEMPORARILY BORROW FROM THE RESERVE FUND TO SUPPORT ACTIVITIES THAT BUILD PUBLIC PARTICIPATION IN REAL ART WAYS, INC.S PROGRAMS. PER REAL ART WAYS, INC.S INVESTMENT POLICY, REAL ART WAYS, INC. STAFF MAY ACCESS THE CASH RESERVE FOR UP TO 25,000 IN TOTAL, WHEN THERE IS AN IMMEDIATE CASH FLOW NEED, WITHOUT PRIOR BOARD APPROVAL. ANY USE OF THE CASH RESERVE BEYOND 25,000 REQUIRES THE APPROVAL OF THE BOARD. THE FULL AMOUNT OF ANY FUNDS WITHDRAWN FOR THESE PURPOSES MUST BE REPLENISHED WITHIN 12 MONTHS OF THE DATE THEY ARE BORROWED. REPLENISHMENT CAN BE MADE BY TRANSFERS FROM REAL ART WAYS, INC.S GENERAL OPERATING FUNDS OR THROUGH INTEREST INCOME EARNED BY THE RESERVE FUND AS OF THE REQUIRED REPLENISHMENT DATE. REAL ART WAYS, INC. HAS ADOPTED INVESTMENT AND SPENDING POLICIES, APPROVED BY THE BOARD OF DIRECTORS, FOR THESE PERPETUAL NET ASSETS WITH DONOR RESTRICTIONS THAT ATTEMPT TO PRESERVE CAPITAL AND TO CONTROL RISK, EMPHASIZING AGGREGATE RETURN FROM CAPITAL APPRECIATION AND INTEREST AND DIVIDENDS, IN ACCORDANCE WITH INVESTMENT GUIDELINES CONTAINED IN THE WALLACE FOUNDATION GRANT AGREEMENT. INVESTMENT INCOME, INCLUDING INVESTMENT APPRECIATION, RELATIVE TO THE RESERVE FUND MUST BE USED TO SUPPORT ACTIVITIES THAT BUILD PUBLIC PARTICIPATION IN REAL ART WAYS, INC.S PROGRAMS. REALIE AWARDS 140856 112447 28409 985 10355 1200 15869 140856 112447 28409 985 10355 1200 15869 28409 X X X X X false false false false false false false false false JOHN WILKINS EXEC DIRECTOR 135211 23358 158569 X 6 75698 TREASURY REGULATION X 2 1478 TREASURY REGULATION false true false SCHEDULE M, PAGE 2, PART II PART I COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990 - ORGANIZATION'S MISSION REAL ART WAYS IS AN ALTERNATIVE MULTIDISCIPLINARY ARTS ORGANIZATION THAT PRESENTS AND SUPPORTS CONTEMPORARY ARTISTS AND THEIR WORK, FACILITATES THE CREATION OF NEW WORK, AND CREATIVELY ENGAGES, BUILDS, AND INFORMS AUDIENCES AND COMMUNITIES. FORM 990, PAGE 2, PART III, LINE 4D EDUCATIONAL AND FAMILY PROGRAMS WHICH SERVED 1,332 PEOPLE DURING THE YEAR. FORM 990, PAGE 6, PART VI, LINE 11B THE CPA PREPARING THE RETURN PROVIDES A COPY OF THE RETURN TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO COMPLETE A CERTIFICATION ANNUALLY. THE BOARD OF TRUSTEES IS RESPONSIBLE FOR INVESTIGATING ANY REPORTED OR SUSPECTED CONFLICTS OF INTEREST AND FOR DETERMINING THE APPROPRIATE ACTION TO BE TAKEN. FORM 990, PAGE 6, PART VI, LINE 15A THE BY-LAWS OF THE ORGANIZATION PROVIDE FOR A COMMITTEE OF TRUSTEES WHOSE RESPONSIBILITY IS THE PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR SUBMITS ANNUALLY A SELF-ASSESSMENT THAT IS THEN REVIEWED BY THIS COMMITTEE, DISCUSSED WITH THE FULL BOARD, AND DISCUSSED WITH THE EXECUTIVE DIRECTOR. THE COMMITTEE OBTAINS SUBSTANTIATED COMPENSATION MARKET DATA IN ORDER TO ASSIST IT IN DETERMINING APPROPRIATE RECOMMENDATIONS FOR INCREASES IN COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR ALL STAFF WITH THE EXCEPTION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE DIRECTOR, WHO CONSIDERS EMPLOYEE PERFORMANCE AND THE AVAILABILITY OF FUNDS WHEN AWARDING INCREASES IN COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S BY-LAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 56 ARBOR STREET LLC 56 ARBOR STREET HARTFORD CT 06106 873871521 531120 CT REAL ART W EXCLUDED -100224 4439520 true false 0.99000 56 ARBOR STREET MM LLC 56 ARBOR STREET HARTFORD CT 06106 873907677 531120 CT REAL ART W C CORP -1012 416461 1.00000 true true false false false false false false false false false true true false false false false false false false 56 ARBOR STREET LLC A -100224 TREASURY REGULATION 56 ARBOR STREET LLC K 93750 TREASURY REGULATION 56 ARBOR STREET LLC L 38346 TREASURY REGULATION