Brooklyn Music School
- Assets
- $1.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 128
- Location
- Brooklyn, NY
- Founding
- 03/1936
- Data as of
- 08/2023
- EIN
- 11-6000202
Organization Overview
Brooklyn Music School is located in Brooklyn, NY. The organization was established in 1936. 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 08/2023, Brooklyn Music School employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn 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, Brooklyn Music School generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $3.0m during the year ending 08/2023. While expenses have increased by 8.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
OUR MISSION IS TO MAKE IT POSSIBLE FOR EVERYONE IN OUR COMMUNITY, REGARDLESS OF THEIR BACKGROUND AND RESOURCES, TO BE ABLE TO EXPERIENCE THE JOY OF MUSIC AND THE ARTISTIC AND INTELLECTUAL BENEFITS OF MUSICAL, DANCE, AND DRAMATIC PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1912, THE BROOKLYN MUSIC SCHOOL IS A COMMUNITY MUSIC AND PERFORMING ARTS EDUCATION ORGANIZATION BASED IN FORT GREENE, BROOKLYN. SINCE THE SCHOOLS INCEPTION, THE SCHOOL HAS BEEN A PROPONENT OF ARTS EDUCATION AND THE COGNITIVE BENEFITS OF HIGH QUALITY MUSIC, DANCE AND DRAMA INSTRUCTION AND PERFORMANCE. PROGRAMS AT THE SCHOOL RANGE FROM AN OUTREACH PROGRAM THROUGHOUT THE BOROUGHS OF THE CITY OF NEW YORK TO ONSITE CULTURALLY RICH AFTER-SCHOOL AND SUMMER PROGRAMS TO TRADITIONAL AND NON-TRADITIONAL PRIVATE LESSONS AND GROUP MUSIC CLASSES. AT THE CORE OF THE BROOKLYN MUSIC SCHOOLS MISSION IS ACCESSIBILITY TO MUSIC AND PERFORMING ARTS EDUCATION REGARDLESS OF RESOURCES OR BACKGROUND, WITH THE AIM TO MAKE THE NEXT GENERATION OF PEOPLE WHO LOVE MUSIC AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Adamczyk Executive Dir. | Officer | 40 | $95,000 |
Shelby Green Chairman | OfficerTrustee | 10 | $0 |
Peter Bordes Vice Chair | OfficerTrustee | 1 | $0 |
Brian Pope Vice Chair | OfficerTrustee | 1 | $0 |
Jordan Tamagni Secretary | OfficerTrustee | 1 | $0 |
Drew Bernstein Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $213,082 |
| Related organizations | $0 |
| Government grants | $776,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $952,016 |
| Noncash contributions included in lines 1a–1f | $135,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,941,837 |
| Total Program Service Revenue | $1,247,043 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $191,637 |
| 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 | $3,380,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,318 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,734 |
| Compensation of current officers, directors, key employees. | $107,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,809,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,934 |
| Payroll taxes | $120,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,149 |
| 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 | $0 |
| Advertising and promotion | $21,150 |
| Office expenses | $65,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,945 |
| Insurance | $99,296 |
| All other expenses | $74,084 |
| Total functional expenses | $3,016,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,265 |
| Savings and temporary cash investments | $85,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $388,213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $180,787 |
| Prepaid expenses and deferred charges | $69,224 |
| Net Land, buildings, and equipment | $853,649 |
| Investments—publicly traded securities | $56,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,805,447 |
| Accounts payable and accrued expenses | $613 |
| Grants payable | $0 |
| Deferred revenue | $63,634 |
| 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 | $0 |
| Total liabilities | $64,247 |
| Net assets without donor restrictions | $1,638,063 |
| Net assets with donor restrictions | $103,137 |
| 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 | $1,805,447 |