Buffalo Suzuki Strings Inc
- Assets
- $1.8m
- Revenue
- $664.7k
- Investments
- $0.0
- Employees
- 15
- Location
- North Tonawanda, NY
- Founding
- 11/1983
- Data as of
- 07/2023
- EIN
- 13-3263534
Organization Overview
Buffalo Suzuki Strings Inc is located in North Tonawanda, NY. The organization was established in 1983. 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 07/2023, Buffalo Suzuki Strings Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Suzuki Strings 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 07/2023, Buffalo Suzuki Strings Inc generated $664.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $653.6k during the year ending 07/2023. While expenses have increased by 3.1% 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
TO TEACH CHILDREN ABOUT MUSIC IN A MANNER CONSISTENT WITH THE PHILOSOPHY AND PEDAGOGY DEVELOPED BY DR. SHINICHI SUZUKI. WE ARE DEDICATED TO ACHIEVING EXCELLENCE IN MUSIC EDUCATION BY SUPPORTING A STRONG PARTNERSHIP OF PARENTS, TEACHERS, STUDENTS, AND THE COMMUNITY IN A NURTURING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUFFALO SUZUKI STRINGS PROVIDES A COMPLETE AND COMPREHENSIVE MUSIC EDUCATION FOR CHILDREN FROM BIRTH TO AGE 18. WE TEACH PRIVATE LESSONS AND GROUP ENRICHMENT CLASSES IN VIOLIN, VIOLA, CELLO, PIANO, AND HARP FOR STUDENTS AGES 3-18 AND EARLY CHILDHOOD SUZUKI MUSIC FOR CHILDREN FROM BIRTH TO AGE 3.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Eastlack Co-Executive Director | OfficerTrustee | 40 | $50,895 |
Mary Cay Neal Co-Executive Director | OfficerTrustee | 40 | $57,450 |
Rosanne Johnson President | OfficerTrustee | 2 | $0 |
Rosanne Wisniewski Board Member | Trustee | 1 | $0 |
Jonathan Johnsen Board Member | Trustee | 1 | $0 |
Maria Valint Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,861 |
| Total Program Service Revenue | $513,014 |
| Investment income | $11,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $664,693 |
| 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. | $75,941 |
| Compensation of current officers, directors, key employees. | $63,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,117 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,558 |
| Payroll taxes | $28,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,783 |
| Advertising and promotion | $475 |
| Office expenses | $634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,415 |
| Travel | $453 |
| 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 | $68,208 |
| Insurance | $12,945 |
| All other expenses | $1,747 |
| Total functional expenses | $653,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,252 |
| Savings and temporary cash investments | $86,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,892 |
| 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 | $1,128 |
| Net Land, buildings, and equipment | $598,636 |
| Investments—publicly traded securities | $768,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $157,590 |
| Total assets | $1,756,023 |
| Accounts payable and accrued expenses | $115,704 |
| Grants payable | $0 |
| Deferred revenue | $26,803 |
| 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 | $142,507 |
| Net assets without donor restrictions | $1,211,765 |
| Net assets with donor restrictions | $401,751 |
| 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 | $1,756,023 |