Perlman Music Program Inc
- Assets
- $15.3m
- Revenue
- $590.3k
- Investments
- $0.0
- Employees
- 51
- Location
- New York, NY
- Founding
- 06/1995
- Data as of
- 01/2023
- 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 01/2023, Perlman Music Program Inc employed 51 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 01/2023, Perlman Music Program Inc generated $590.3k 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 (17.7%) each year. All expenses for the organization totaled $783.2k during the year ending 01/2023. As we would expect to see with falling revenues, expenses have declined by (14.7%) 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
YOUNG MUSICIANS OF TALENT NEED SUPPORT. LEFT ALONE WITH THEIR GIFT,WITHOUT THE INSTRUCTION AND MENTORING THAT ALLOWS THEM TO THRIVE, EVENTHE MOST EXCEPTIONAL YOUNG ARTISTS WILL STRUGGLE, AND MANY MAY FAIL TOACHIEVE THEIR FULL MUSICAL POTENTIAL. WITHOUT THIS NEXT GENERATION OFWORLD-CLASS MUSICIANS, THE MUSICAL WORLD AND ITS AUDIENCES WILL BE THEPOORER.THE PERLMAN MUSIC PROGRAM WELCOMES YOUNG MUSICIANS OF RARE AND SPECIALTALENT INTO A RICHLY SUPPORTIVE MUSICAL COMMUNITY. THROUGH INTENSIVESUMMER PROGRAMS, YEAR-ROUND MENTORING, AND ON OCCASION, ANINTERNATIONAL STUDY OR PERFORMANCE TOUR, THE PROGRAM OFFERSUNPARALLELED MUSICAL TRAINING FOR STUDENTS, AGES 12 TO 30, WHO PLAY THEVIOLIN, VIOLA, CELLO, BASS AND PIANO. WITH A FACULTY LED BY ITZHAKPERLMAN AND COMPRISING SOME OF THE MOST GIFTED MUSICAL TALENTS OF OURTIME, THE PROGRAM OFFERS AN ARTISTIC AND PERSONAL EXPERIENCE THATCHANGES STUDENTS LIVES FOREVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER STUDY PROGRAMS ("SSP") - INTENSIVE SUMMER RESIDENCY PROGRAM ON SHELTER ISLAND, NEW YORK CONSISTING OF THE SUMMER MUSIC SCHOOL (A SEVEN-WEEK INTENSIVE PROGRAM FOR 36 EXCEPTIONALLY GIFTED 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. THE EXPENSES INCURRED DURING THE PERIOD OCTOBER 1, 2022 THROUGH JANUARY 31, 2023, REPRESENT PLANNING EXPENSES FOR THE 2024 SSP.
SUMMER STUDY PROGRAMS ("SSP") - INTENSIVE SUMMER RESIDENCY PROGRAM ON SHELTER ISLAND, NEW YORK CONSISTING OF THE SUMMER MUSIC SCHOOL (A SEVEN-WEEK INTENSIVE PROGRAM FOR 36 EXCEPTIONALLY GIFTED 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. THE EXPENSES INCURRED DURING THE PERIOD OCTOBER 1, 2022 THROUGH JANUARY 31, 2023, REPRESENT PLANNING EXPENSES FOR THE 2024 SSP.
TRAVEL PROGRAM - 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 CALENDAR YEAR WHICH TAKES PLACE IN SARASOTA, FLORIDA, MIXING STUDENTS OF THE SUMMER MUSIC SCHOOL, CHAMBER MUSIC WORKSHOP AND THE BIENNIAL ISRAEL RESIDENCY.
TRAVEL PROGRAM - 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 CALENDAR YEAR WHICH TAKES PLACE IN SARASOTA, FLORIDA, MIXING STUDENTS OF THE SUMMER MUSIC SCHOOL, CHAMBER MUSIC WORKSHOP AND THE BIENNIAL ISRAEL RESIDENCY.
CONCERTS AND MENTORSHIP PROGRAM - YEAR-ROUND CONCERTS AND MENTORSHIP PROGRAMS 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.
CONCERTS AND MENTORSHIP PROGRAM - YEAR-ROUND CONCERTS AND MENTORSHIP PROGRAMS 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toby Perlman President And Founder | Trustee | 40 | $0 |
Randall Blank Chairman | Trustee | 8 | $0 |
Jay Dweck Vice President | Trustee | 2.5 | $0 |
Mark Miller Secretary / Treasurer | Trustee | 4 | $0 |
Michael Bunyaner Director | Trustee | 2 | $0 |
Rodger Derose Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,750 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $328,765 |
| Noncash contributions included in lines 1a–1f | $47,021 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,515 |
| Total Program Service Revenue | $56,449 |
| Investment income | $174,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $590,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,220 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,652 |
| Compensation of current officers, directors, key employees. | $9,055 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $267,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,619 |
| Payroll taxes | $27,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,878 |
| Fees for services: Other | $74,133 |
| Advertising and promotion | $159 |
| Office expenses | $29,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,229 |
| Travel | $18,919 |
| 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 | $47,441 |
| Insurance | $71,255 |
| All other expenses | $15,989 |
| Total functional expenses | $783,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,033 |
| Savings and temporary cash investments | $3,205 |
| Pledges and grants receivable | $401,321 |
| Accounts receivable, net | $5,014 |
| 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 | $107,332 |
| Net Land, buildings, and equipment | $4,772,546 |
| Investments—publicly traded securities | $9,720,188 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,372 |
| Total assets | $15,251,011 |
| Accounts payable and accrued expenses | $104,529 |
| Grants payable | $0 |
| Deferred revenue | $18,142 |
| 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 | $76,745 |
| Total liabilities | $199,416 |
| Net assets without donor restrictions | $11,101,843 |
| Net assets with donor restrictions | $3,949,752 |
| 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 | $15,251,011 |