Joy Of Music Program Inc
- Assets
- $3.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Worcester, MA
- Founding
- 11/1989
- Data as of
- 08/2022
- EIN
- 04-3055099
Organization Overview
Joy Of Music Program Inc is located in Worcester, MA. The organization was established in 1989. 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 08/2022, Joy Of Music Program Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joy Of Music Program 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 08/2022, Joy Of Music Program Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.1m during the year ending 08/2022. While expenses have increased by 3.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MUSIC EDUCATION AND PERFORMANCE TO THE CENTRAL MASSACHUSETTS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 474 INDIVIDUAL STUDENTS STUDY MUSIC IN CLASSES AND RECEIVE LESSONS. PROGRAM ENROLLMENT TOTALS 574, WHICH REFLECTS ACTUAL OPERATIONS, AND INCLUDES STUDENTS TAKING PRIVATE LESSONS AS WELL AS ORCHESTRA (COUNTED TWICE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ardizzone Associate Di | OfficerTrustee | 40 | $66,480 |
Gwendolyn Ardizzone Executive Di | OfficerTrustee | 40 | $62,740 |
Erika Wade Clerk | OfficerTrustee | 2 | $0 |
David Gerbereux Director | OfficerTrustee | 2 | $0 |
Jack Giarusso Vice Preside | OfficerTrustee | 2 | $0 |
Penelope Jane Dillon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,957 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,058,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,083,623 |
| Total Program Service Revenue | $517,485 |
| Investment income | -$43,225 |
| 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 | $1,557,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $135,855 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,220 |
| Compensation of current officers, directors, key employees. | $90,745 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $443,656 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $52,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,001 |
| Advertising and promotion | $550 |
| Office expenses | $33,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $122,667 |
| 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 | $82,940 |
| Insurance | $30,556 |
| All other expenses | $1,417 |
| Total functional expenses | $1,088,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,650 |
| Savings and temporary cash investments | $815,944 |
| Pledges and grants receivable | $118,000 |
| Accounts receivable, net | $20,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,212 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $575 |
| Net Land, buildings, and equipment | $2,496,998 |
| Investments—publicly traded securities | $312,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,054 |
| Total assets | $3,886,405 |
| Accounts payable and accrued expenses | $20,787 |
| Grants payable | $0 |
| Deferred revenue | $26,689 |
| 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 | $47,476 |
| Net assets without donor restrictions | $2,770,602 |
| Net assets with donor restrictions | $1,068,327 |
| 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 | $3,886,405 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Joy Of Music Program Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
John Bolten Charitable Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $353,385 |
| Earnings | -$49,496 |
| Admin Expense | $4,900 |
| Net Contributions | $18,467 |
| Other Expense | $14,883 |
| Ending Balance | $302,571 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School Of American Ballet Inc New York, NY | $111,037,435 | $21,205,372 |
Society Of The Third Street Music School Settlement Inc New York, NY | $23,512,540 | $9,331,737 |
Professional Childrens School Inc New York, NY | $20,795,903 | $7,913,959 |
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance New York, NY | $27,086,297 | $8,434,600 |
Usdan Center For The Creative And Performing Arts Wheatley Heights, NY | $9,094,063 | $7,842,834 |
The Brooklyn Queens Conservatory Of Music Brooklyn, NY | $5,364,852 | $5,242,264 |
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
Neighborhood Music School Inc New Haven, CT | $8,041,622 | $5,408,099 |
Hoff Barthelson Music School Scarsdale, NY | $5,808,540 | $3,629,362 |
David Hochstein Memorial Music School Inc Rochester, NY | $9,075,130 | $4,251,000 |
Diller-Quaile School Of Music Inc New York, NY | $7,580,711 | $3,116,050 |
Friends Of The Mozartina Musical Arts Conservatory Inc Tarrytown, NY | $3,401,359 | $3,102,362 |