Neighborhood Music School Inc
- Assets
- $8.5m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 174
- Location
- New Haven, CT
- Founding
- 02/1950
- Data as of
- 06/2023
- EIN
- 06-0662152
Organization Overview
Neighborhood Music School Inc is located in New Haven, CT. The organization was established in 1950. 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 06/2023, Neighborhood Music School Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Music School 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 06/2023, Neighborhood Music School Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 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 06/2023. 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
NMS PROVIDES QUALITY EDUCATION IN MUSIC AND DANCE BY CREATING COMMUNITY, SPARKING POTENTIAL AND SHARING JOY THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NMS OFFERS LESSONS, CLASSES, AND ENSEMBLES IN MUSIC, DANCE, DRAMA AND FILM, SERVINGNEARLY 2,500 STUDENTS AGES 6 MOS. TO 100+ FROM 80 TOWNS AND CITIES ACROSS THE STATE. THESE ACTIVITIES COMBINE HIGH QUALITY ARTISTIC TRAINING WITH THE DEVELOPMENT OF LIFE SKILLS, WHILE BUILDING A DIVERSE COMMUNITY OF PEOPLE FROM DIFFERENT RACES, BACKGROUNDS, ECONOMIC MEANS AND LEARNING STYLES. POPULAR PROGRAMMING INCLUDES EARLY CHILDHOOD MUSIC AND MOVEMENT, SUZUKI MUSIC CLASSES, ONE-ON-ONE MUSIC LESSONS, MEET THE PIANO, THE GREATER NEW HAVEN YOUTH SYMPHONY, CHAMBER MUSIC ENSEMBLES, MULTIPLE STYLES OF CHORUS', PREMIER ENSEMBLES, COLLABORATIVE CHOREOGRAPHY DANCE, YOUNG ARTIST DIPLOMA PROGRAM, DANCE FOR PD(R), STEEL PANS AND SO MUCH MORE. ACTIVITIES RUN SEP-JUNE.
N/A
NMS OFFERS TWO FULL-DAY PRIMARY SCHOOLING EXPERIENCES.THE PRESCHOOL AND TODDLER PROGRAM AT NMS OFFERS CHILDREN AGES TWO THROUGH FIVE A STATE-LICENSED, ARTS-BASED PRESCHOOL EXPERIENCE. YOUNG CHILDREN ARE NATURAL EXPLORERS, LEARNERS, AND CREATIVE THINKERS, AND THE ARTS ARE THE PERFECT VEHICLE FOR THEM TO EXPERIENCE AND UNDERSTAND THE WORLD AROUND THEM. AT ATLAS MIDDLE SCHOOL, 7TH AND 8TH GRADER STUDENTS DIRECT THEIR OWN LEARNING BY RUNNING ALL ASPECTS OF A THEATRE COMPANY, USING THE THEATRICAL PROCESS TO EXPLORE ESSENTIAL QUESTIONS IN LITERATURE, SCIENCE, HISTORY, MATH AND BEYOND.
NMS OFFERS A WIDE VARIETY OF COMPREHENSIVE FULL-DAY SUMMER PROGRAMMING, INCLUDING AUDUBON ARTS (FOCUSED ON MUSICAL THEATER) AND SUMMER JAZZ. IN ADDITION NMS OFFERS SUMMER CELLOS, LESSONS, CLASSES AND ENSEMBLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amity Doolittle Chair | OfficerTrustee | 5 | $0 |
Cindy Crusto Vice Chair | OfficerTrustee | 2 | $0 |
Stephen R Latham Secretary | OfficerTrustee | 1.5 | $0 |
Mohit Sarin Treasurer | OfficerTrustee | 1.5 | $0 |
Alexis Smith Development Committee Chair | OfficerTrustee | 1.5 | $0 |
Alan H Bowie Jr Governance Committee Chair | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,009,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,000 |
| Noncash contributions included in lines 1a–1f | $60,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,069,122 |
| Total Program Service Revenue | $3,189,688 |
| Investment income | $307,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,900 |
| 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 | $4,663,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $358,201 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,422 |
| Compensation of current officers, directors, key employees. | $44,832 |
| Compensation to disqualified persons | $2,896,927 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $211,637 |
| Advertising and promotion | $51,141 |
| Office expenses | $172,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $326,237 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $698 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,321 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,681,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,789,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $203,488 |
| Accounts receivable, net | $831,272 |
| 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 | $70,521 |
| Net Land, buildings, and equipment | $3,479,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,096,398 |
| Total assets | $8,470,641 |
| Accounts payable and accrued expenses | $239,822 |
| Grants payable | $0 |
| Deferred revenue | $3,278,400 |
| 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 | $4,965 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,523,187 |
| Net assets without donor restrictions | $3,954,897 |
| Net assets with donor restrictions | $992,557 |
| 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 | $8,470,641 |