Opus 118 Harlem School Of Music
- Assets
- $123.6k
- Revenue
- $376.7k
- Investments
- $0.0
- Employees
- 15
- Location
- New York, NY
- Founding
- 06/1992
- Data as of
- 08/2023
- EIN
- 13-3648982
Organization Overview
Opus 118 Harlem School Of Music is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Opus 118 Harlem School Of Music employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opus 118 Harlem School Of Music 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, Opus 118 Harlem School Of Music generated $376.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $384.1k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
TO ESTABLISH, OPERATE, CONDUCT, MAINTAIN AND PROMOTE PROGRAMS OFFERING INSTRUCTION IN THE PLAYING OF MUSICAL INSTRUMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING THE EAST HARLEM COMMUNITY, OPUS 118 TRANSFORMS THE LIVES OF OUR STUDENTS AND THEIR FAMILIES THROUGH ACCESS TO QUALIFIED MUSIC EDUCATION, WHILE FOSTERING TEACHER DEVELOPMENT AND INTRODUCING MUSICAL PERFORMANCES TO NEW AUDIENCES. OPUS 118 RUNS AN IN-SCHOOL VIOLIN PROGRAM THAT OPERATES IN HARLEM PUBLIC SCHOOL. IN ADDITION, OUR AFTER-SCHOOL PROGRAM OFFERS PRIVATE, PARTNER, AND GROUP VIOLIN, GUITAR AND PIANO STUDENTS WHO ARE STRONGLY ENCOURAGED TO PARTICIPATE IN ONE OF SEVERAL ENSEMBLES THAT ARE LED BY ROBERTA GUASPARI AND PERFORM AT COMMUNITY INSTITUTIONS EACH YEAR.
SERVING THE EAST HARLEM COMMUNITY, OPUS 118 TRANSFORMS THE LIVES OF OUR STUDENTS AND THEIR FAMILIES THROUGH ACCESS TO QUALIFIED MUSIC EDUCATION, WHILE FOSTERING TEACHER DEVELOPMENT AND INTRODUCING MUSICAL PERFORMANCES TO NEW AUDIENCES. OPUS 118 RUNS AN IN-SCHOOL VIOLIN PROGRAM THAT OPERATES IN HARLEM PUBLIC SCHOOL. IN ADDITION, OUR AFTER-SCHOOL PROGRAM OFFERS PRIVATE, PARTNER, AND GROUP VIOLIN, GUITAR AND PIANO STUDENTS WHO ARE STRONGLY ENCOURAGED TO PARTICIPATE IN ONE OF SEVERAL ENSEMBLES THAT ARE LED BY ROBERTA GUASPARI AND PERFORM AT COMMUNITY INSTITUTIONS EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Sobel Member | Trustee | 3 | $0 |
Naomi Smith Member | Trustee | 3 | $0 |
Nick Tzavaras Member | Trustee | 3 | $0 |
Bedford Bently III Chair | Officer | 3 | $0 |
Joseph Ziluca Treasurer | Officer | 3 | $0 |
Jairus Steed Secretary | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,886 |
| Total Program Service Revenue | $123,035 |
| Investment income | $3,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $376,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $39,814 |
| 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 | $213,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,083 |
| Payroll taxes | $17,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,984 |
| Advertising and promotion | $8,799 |
| Office expenses | $6,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,381 |
| Travel | $656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $378 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,690 |
| Insurance | $32,614 |
| All other expenses | $0 |
| Total functional expenses | $384,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$982 |
| Savings and temporary cash investments | $78,720 |
| Pledges and grants receivable | $30,750 |
| 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 | $0 |
| Net Land, buildings, and equipment | $15,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $123,638 |
| Accounts payable and accrued expenses | $1,500 |
| Grants payable | $0 |
| Deferred revenue | $17,556 |
| 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 | $19,056 |
| Net assets without donor restrictions | $87,026 |
| Net assets with donor restrictions | $17,556 |
| 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 | $123,638 |