Perlman Music Program Inc
- Assets
- $15.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 36
- Location
- New York, NY
- Founding
- 06/1995
- Data as of
- 09/2021
- EIN
- 11-3247651
Organization Overview
Perlman Music Program Inc is located in New York, NY. The organization was established in 1995. 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 09/2021, Perlman Music Program Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perlman 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 09/2021, Perlman Music Program Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $2.7m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER STUDY PROGRAMS - INTENSIVE SUMMER RESIDENCY PROGRAM ON SHELTER ISLAND, NEW YORK CONSISTING OF THE SUMMER MUSIC SCHOOL (A SEVEN-WEEK INTENSIVE PROGRAM FOR 32 YOUNG STRING PLAYERS AGES 12 TO 18} AND THE CHAMBER MUSIC WORKSHOP (AN INTENSIVE THREE-WEEK CHAMBER MUSIC WORKSHOP FOR 42 YOUNG ADULTS AGES 18-30. THIS YEAR BOTH PROGRAMS TOOK PLACE VIRTUALLY, DUE TO COVID-19, WITH 26 STUDENTS IN THE 7-WEEK SUMMER MUSIC SCHOOL, AND 41 IN THE 3-WEEK CHAMBER MUSIC WORKSHOP.
YEAR-ROUND CONCERTS AND MENTORSHIP PROGRAM FOR ALUMNI OF THE SUMMER MUSIC SCHOOL AND CHAMBER MUSIC WORKSHOP. PERFORMANCES, COMMUNITY EVENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES, DESIGNED TO GUIDE AND SUPPORT ALUMNI THROUGH THEIR COLLEGE YEARS AND BEYOND. THIS YEAR ALL PROGRAMS AND CONCERTS TOOK PLACE VIRTUALLY, DUE TO COVID-19.
THE TRAVEL PROGRAMS CONSIST OF THE BIENNIAL ISRAEL RESIDENCY, MIXING ISRAELI STUDENTS AND STUDENTS OF THE SUMMER MUSIC SCHOOL, AND THE SARASOTA WINTER RESIDENCY, A TWO AND A HALF WEEK SESSION AT THE END OF THE CALENDER YEAR WHICH TAKES PLACE IN SARASOTA, FLORIDA, MIXING STUDENTS OF THE SUMMER MUSIC SCHOOL, THE CHAMBER MUSIC WORKSHOP, AND THE BIENNIAL ISRAEL RESIDENCY. THIS YEAR THE ISRAEL RESIDENCY WAS POSTPONED DUE TO COVID-19, AND TOOK PLACE VIRTUALLY IN COMBINATION WITH THE SARASOTA WINTER RESIDENCY IN DECEMBER 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Kaplan Director Of Programs | 40 | $174,868 | |
Katie Nojima Associate Director Of Deve | 40 | $144,619 | |
Itzhak Perlman Director | Trustee | 20 | $0 |
Barbara Gladstone Director | Trustee | 2 | $0 |
Jay Dweck Vice President | Trustee | 2.5 | $0 |
Toby Perlman President | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $852,092 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,860,495 |
| Noncash contributions included in lines 1a–1f | $26,527 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,712,587 |
| Total Program Service Revenue | $312,095 |
| Investment income | $69,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,271 |
| Net Income from Fundraising Events | $33,521 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,419,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $132,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,211,480 |
| Pension plan accruals and contributions | $5,034 |
| Other employee benefits | $41,026 |
| Payroll taxes | $101,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,333 |
| Advertising and promotion | $0 |
| Office expenses | $107,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,700 |
| Travel | $66,166 |
| 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 | $137,265 |
| Insurance | $110,871 |
| All other expenses | $69,533 |
| Total functional expenses | $2,689,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,707 |
| Savings and temporary cash investments | $1,376,192 |
| Pledges and grants receivable | $755,626 |
| Accounts receivable, net | $0 |
| 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 | $14,225 |
| Net Land, buildings, and equipment | $4,920,289 |
| Investments—publicly traded securities | $7,097,442 |
| Investments—other securities | $0 |
| Investments—program-related | $909,883 |
| Intangible assets | $0 |
| Other assets | $3,488 |
| Total assets | $15,190,852 |
| Accounts payable and accrued expenses | $128,995 |
| 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 | $181,742 |
| Other liabilities | $0 |
| Total liabilities | $310,737 |
| Net assets without donor restrictions | $12,063,406 |
| Net assets with donor restrictions | $2,816,709 |
| 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 | $15,190,852 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Perlman Music Program Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
The Mclean Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
Endowment Analysis
| Beg. Balance | $942,269 |
| Earnings | $31 |
| Net Contributions | $1,276,632 |
| Grants | $13,547 |
| Ending Balance | $2,205,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School Of American Ballet Inc New York, NY | $111,037,435 | $21,205,372 |
Settlement Music School Of Philadelphia Philadelphia, PA | $34,802,698 | $14,057,233 |
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 |
Academy Of Vocal Arts Philadelphia, PA | $44,375,102 | $5,042,502 |
Neighborhood Music School Inc New Haven, CT | $8,041,622 | $5,408,099 |
Marlboro School Of Music Inc Philadelphia, PA | $99,638,142 | $11,583,017 |
Hoff Barthelson Music School Scarsdale, NY | $5,808,540 | $3,629,362 |