Thames Valley Music School
- Assets
- $544.4k
- Revenue
- $234.3k
- Investments
- $0.0
- Employees
- 1
- Location
- New London, CT
- Founding
- 07/1980
- Data as of
- 08/2023
- 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 08/2023, Thames Valley Music School generated $234.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $220.4k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 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
2023
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 150 STUDENTS FROM SOUTH EASTERN CONNECTICUT COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Gallup Admin. Direc | Officer | 40 | $50,818 |
John Anthony Trustee | Trustee | 1 | $0 |
Victoria Bothe Co Treasurer | OfficerTrustee | 2 | $0 |
Leslie Forbes Trustee | Trustee | 1 | $0 |
Alexandra French Co President | OfficerTrustee | 5 | $0 |
Jamil Gorge Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,053 |
| Total Program Service Revenue | $158,003 |
| Investment income | $11,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,279 |
| 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. | $61,218 |
| Compensation of current officers, directors, key employees. | $24,488 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $795 |
| Office expenses | $571 |
| Information technology | $446 |
| Royalties | $0 |
| Occupancy | $6,150 |
| 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 | $4,890 |
| All other expenses | $18,683 |
| Total functional expenses | $220,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,232 |
| Savings and temporary cash investments | $92,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,282 |
| 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 | $74,140 |
| Investments—publicly traded securities | $367,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $544,357 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,017 |
| Total liabilities | $2,017 |
| Net assets without donor restrictions | $542,340 |
| 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 | $544,357 |