Marlboro School Of Music Inc
- Assets
- $96.1m
- Revenue
- $6.4m
- Investments
- $69.7m
- Employees
- 98
- Location
- Philadelphia, PA
- Founding
- 11/1990
- Data as of
- 09/2023
- EIN
- 03-0186612
Organization Overview
Marlboro School Of Music Inc is located in Philadelphia, PA. The organization was established in 1990. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Marlboro School Of Music Inc employed 98 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Marlboro School Of Music Inc 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 09/2023, Marlboro School Of Music Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $4.7m during the year ending 09/2023. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE NEW GENERATIONS OF MUSICAL LEADERS BY ENABLING ARTISTS OF DIVERSE AGES, NATIONALITIES AND PERSPECTIVES TO FORM A NURTURING, CLOSELY-KNIT COMMUNITY DEVOTED TO THE INTENSIVE EXPLORATION OF CHAMBER MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE A SUMMER STUDY PROGRAM AND COMMUNITY IN SOUTHEASTERN VERMONT IN WHICH 90 DIVERSE MUSICIANS SHARE INSIGHTS AND IDEAS IN INTENSIVE DAILY REHEARSALS, AND LIVE WITH ONE ANOTHER, AND WITH STAFF MEMBERS, SPOUSES AND CHILDREN FOR SEVEN WEEKS.
TO PRESENT WEEKEND CONCERTS TO AUDIENCES OF APPROXIMATELY 6,000 PER SEASON, FEATURING EXCEPTIONAL PERFORMANCES OF WORKS THAT EMANATE FROM OUR INTENSIVE SUMMER STUDY PROGRAM, AND WHICH INTRODUCE YOUNG EMERGING MUSICAL LEADERS, AND RARELY-HEARD AND NEW COMPOSITIONS OF SPECIAL MERIT.
TO PRESENT SEVERAL SERIES OF TOURING ENSEMBLES IN MAJOR EAST COAST CITIES, AND SINGLE CONCERTS IN OTHER COMMUNITIES, THAT BRING EXCITING PERFORMANCES FROM OUR SUMMER TRAINING PROGRAM IN VERMONT TO BROADER AUDIENCES WHO WOULD NOT OTHERWISE BE ABLE TO EXPERIENCE THEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Peter A Benoliel Director | Trustee | 1 | $0 |
Mr Anthony Berner Director | Trustee | 1 | $0 |
Dr Carol Christ Director | Trustee | 1 | $0 |
Mr Ben Davis Director | Trustee | 1 | $0 |
Ms Margo Drakos Director | Trustee | 1 | $0 |
Ms Barbara E Field Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Courtland Construction Contractor | 9/29/21 | $3,660,594 |
Hammel Green And Abrahmson Inc Architectural Services | 9/29/21 | $191,363 |
Aramark Food Service Provider | 9/29/21 | $170,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,881,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,906,072 |
| Total Program Service Revenue | $483,750 |
| Investment income | $1,503,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,663 |
| Net Gain/Loss on Asset Sales | $2,441,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,363,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $302,077 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $231,743 |
| Compensation of current officers, directors, key employees. | $30,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $632,738 |
| Pension plan accruals and contributions | $56,085 |
| Other employee benefits | $186,663 |
| Payroll taxes | $105,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,521 |
| Advertising and promotion | $45,774 |
| Office expenses | $70,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $494,150 |
| Travel | $0 |
| 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 | $814,414 |
| Insurance | $117,314 |
| All other expenses | $313,481 |
| Total functional expenses | $4,715,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,191,590 |
| Pledges and grants receivable | $164,970 |
| Accounts receivable, net | $0 |
| 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 | $39,365 |
| Net Land, buildings, and equipment | $15,581,314 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $69,694,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,441,314 |
| Total assets | $96,113,316 |
| Accounts payable and accrued expenses | $58,056 |
| Grants payable | $0 |
| Deferred revenue | $6,923 |
| 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 | $1,785,689 |
| Total liabilities | $1,850,668 |
| Net assets without donor restrictions | $71,790,641 |
| Net assets with donor restrictions | $22,472,007 |
| 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 | $96,113,316 |