Thames Valley Music School
- Assets
- $534.2k
- Revenue
- $218.8k
- Investments
- $0.0
- Employees
- 1
- Location
- New London, CT
- Founding
- 07/1980
- Data as of
- 08/2022
- EIN
- 06-1021061
Organization Overview
Thames Valley Music School is located in New London, CT. The organization was established in 1980. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thames Valley Music School 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, Thames Valley Music School generated $218.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $224.0k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. 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
THE THAMES VALLEY MUSIC SCHOOL IS A NON-PROFIT MUSIC SCHOOL LOCATED IN NEW LONDON, CONNECTICUT ESTABLISHED TO ENGAGE IN AND OTHERWISE PROMOTE FOR THE BENEFIT OF THE GENERAL PUBLIC LIVE PERFORMANCE OF HIGH QUALITY MUSIC; THE STUDY OF AND TO EDUCATE AND INSTRUCT THE PUBLIC IN FINE MUSIC; AND TO ENCOURAGE INTERESTED MEMBERS OF THE COMMUNITY AND TALENTED INDIVIDUALS TO BECOME INVOLVED AND PERFORM INDIVIDUALLY AND ENSEMBLE, HIGH QUALITY MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THAMES VALLEY MUSIC SCHOOL PROVIDED MUSICAL INSTRUCTION TO APPROXIMATELY 135 STUDENTS FROM SOUTH EASTERN CONNECTICUT COMMUNITIES.
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 |
|---|---|---|---|
Kathy Gallup Admin. Direc | Officer | 40 | $53,880 |
Victoria Bothe Co Treasurer | OfficerTrustee | 2 | $0 |
Persephone Marien Secretary | OfficerTrustee | 2 | $0 |
Alexandra French Co President | OfficerTrustee | 5 | $0 |
Brett Terry Co President | OfficerTrustee | 5 | $0 |
Dipti Shah Co Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,305 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,436 |
| Total Program Service Revenue | $159,910 |
| Investment income | $13,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,499 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,798 |
| 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. | $64,280 |
| Compensation of current officers, directors, key employees. | $23,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $474 |
| Office expenses | $231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,065 |
| 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 | $10,110 |
| Insurance | $6,342 |
| All other expenses | $21,374 |
| Total functional expenses | $223,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,545 |
| Savings and temporary cash investments | $60,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,831 |
| 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 | $0 |
| Net Land, buildings, and equipment | $84,250 |
| Investments—publicly traded securities | $369,145 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $534,246 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,718 |
| 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 | $1,952 |
| Total liabilities | $3,670 |
| Net assets without donor restrictions | $530,576 |
| 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 | $534,246 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Thames Valley Music School has recieved totaling $5,880.
| Awarding Organization | Amount |
|---|---|
S & L Marx Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $2,380 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Musical & Dramatic Academy New York, NY | $154,874,684 | $91,373,218 |
Universal Ballet Foundation Tarrytown, NY | $0 | $12,642,868 |
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 |