New School Of Music Inc
- Assets
- $439.4k
- Revenue
- $589.9k
- Investments
- $0.0
- Employees
- 33
- Location
- Cambridge, MA
- Founding
- 11/1976
- Data as of
- 08/2023
- EIN
- 04-2598978
Organization Overview
New School Of Music Inc is located in Cambridge, MA. The organization was established in 1976. 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 08/2023, New School Of Music Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New 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 08/2023, New School Of Music Inc generated $589.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $545.2k during the year ending 08/2023. While expenses have increased by 2.1% 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
PROVIDE HIGH QUALITY MUSIC INSTRUCTION AND ACCESS IN A VARIETY OF MUSICAL FORMS INCLDING CLASSICAL JAZZ POP AND WORK MUSIC FOR STUDENTS OF ALL AGES LEVELS OF TRAINING AND FINACIAL MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY MUSIC SCHOOL WHICH OFFERS INSTRUCTION IN VOICE AND INSTRUMENTS TO APPROXIMATELY 325 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Riesenfeld Executive Di | Trustee | $0 | |
Alyssa Lee Trustee | $0 | ||
Dorothy Miller Trustee | $0 | ||
Linda Aglio Trustee | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,353 |
| Total Program Service Revenue | $499,677 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,872 |
| 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 | $589,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,271 |
| Office expenses | $10,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,739 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $302 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,134 |
| Insurance | $20,015 |
| All other expenses | $0 |
| Total functional expenses | $545,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,314 |
| 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 | $26,372 |
| Net Land, buildings, and equipment | $23,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $439,355 |
| Accounts payable and accrued expenses | $92,173 |
| Grants payable | $0 |
| Deferred revenue | $79,085 |
| 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 | $171,258 |
| Net assets without donor restrictions | $268,097 |
| 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 | $439,355 |