Metropolitan School Of The Arts
- Assets
- $1.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 73
- Location
- Alexandria, VA
- Founding
- 01/2009
- Data as of
- 06/2022
- EIN
- 01-0560112
Organization Overview
Metropolitan School Of The Arts is located in Alexandria, VA. The organization was established in 2009. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Metropolitan School Of The Arts employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan School Of The Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Metropolitan School Of The Arts generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO LAUNCH STUDENTS TO CHANGE THE WORLD BY REACHING THEIR FULL POTENTIAL AS ARTISTS, INNOVATORS, AND GLOBAL CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN AND ADULT CLASSES IN VARIOUS FORMS OF ART LESSONS AND EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Repczynski Chairman | OfficerTrustee | 2 | $0 |
Cos Dimaggio Board Member | Trustee | 0.5 | $0 |
Betsy Appleby Secretary | OfficerTrustee | 0.5 | $0 |
Annie Bennett Treasurer | OfficerTrustee | 0.5 | $0 |
Carl Eklund Board Member | Trustee | 0.5 | $0 |
Angie Caro Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $350,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $563,844 |
| Total Program Service Revenue | $2,881,561 |
| Investment income | $324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,445,729 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,651 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $334,698 |
| Compensation of current officers, directors, key employees. | $66,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,172,400 |
| Pension plan accruals and contributions | $22,024 |
| Other employee benefits | $4,615 |
| Payroll taxes | $116,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $46,433 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $486,957 |
| Advertising and promotion | $3,334 |
| Office expenses | $30,647 |
| Information technology | $7,669 |
| Royalties | $0 |
| Occupancy | $386,924 |
| Travel | $37,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,954 |
| Insurance | $23,360 |
| All other expenses | $758 |
| Total functional expenses | $3,179,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,897 |
| Savings and temporary cash investments | $550,478 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $21,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,261 |
| Net Land, buildings, and equipment | $216,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,133 |
| Total assets | $1,111,779 |
| Accounts payable and accrued expenses | $18,725 |
| Grants payable | $0 |
| Deferred revenue | $137,312 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $156,037 |
| Net assets without donor restrictions | $955,742 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,111,779 |