Suzuki School Of Newton Inc
- Assets
- $7.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Waban, MA
- Founding
- 06/1994
- Data as of
- 08/2022
- EIN
- 04-3172689
Organization Overview
Suzuki School Of Newton Inc is located in Waban, MA. The organization was established in 1994. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2022, Suzuki School Of Newton Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suzuki School Of Newton 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, Suzuki School Of Newton Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.7m during the year ending 08/2022. While expenses have increased by 6.3% per year over the past 6 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 PROMOTE EARLY CHILDHOOD, YOUTH AND ADULT CULTURAL, INTELLECTUAL AND CHARACTER DEVELOPMENT THROUGH MUSICAL INSTRUMENT INSTRUCTION AND TO SHARE MUSIC WITH THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUMENTAL MUSIC INSTRUCTION FOR CHILDREN (3-17) AND ADULTS USING THE SUZUKI METHOD OF INSTRUCTION. APPROXIMATELY 300 CHILDREN AND ADULTS IN PRIVATE, GROUP, AND PERFORMANCE SETTINGS. STUDENTS PERFORM FOR THE COMMUNITY.
EARLY CHILDHOOD EDUCATION FOR 2.9 TO 5 YEARS OLD BASED UPON AN AGE APPROPRIATE ACADEMIC CURRICULUM WITH INTEGRATED ARTS, SUZUKI MUSIC AND FOREIGN LANGUAGE LEARNING THAT PROMOITES CULTURAL, INTELLECTUAL AND CHARACTER DEVELOPMENT THROUGH INSTRUCTION AND PARENT PARTNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sachiko Isihara Executive Di | Officer | 50 | $121,450 |
Ijeoma Anyanwu Director | Trustee | 1 | $0 |
Mark Bauer Director | Trustee | 1 | $0 |
Bonny Boatman Director | Trustee | 1 | $0 |
Anastasia Canty Director | Trustee | 1 | $0 |
Martha Fishman Past Preside | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,715 |
| Related organizations | $0 |
| Government grants | $216,255 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $434,804 |
| Total Program Service Revenue | $1,665,366 |
| Investment income | $1,161 |
| 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 | $2,101,331 |
| 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. | $121,450 |
| Compensation of current officers, directors, key employees. | $80,092 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $911,959 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,908 |
| Payroll taxes | $78,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,806 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,447 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,268 |
| Insurance | $19,409 |
| All other expenses | $75,922 |
| Total functional expenses | $1,743,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,393,536 |
| Savings and temporary cash investments | $342,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,419 |
| 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 | $2,153 |
| Net Land, buildings, and equipment | $5,246,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,988,966 |
| Accounts payable and accrued expenses | $679,861 |
| Grants payable | $0 |
| Deferred revenue | $13,457 |
| 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 | $2,316,038 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,009,356 |
| Net assets without donor restrictions | $3,893,167 |
| Net assets with donor restrictions | $86,443 |
| 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 | $6,988,966 |