Society Of The Third Street Music School Settlement Inc

Organization Overview

Society Of The Third Street Music School Settlement Inc, operating under the name Third Street Music School, is located in New York, NY. The organization was established in 1942. 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 06/2022, Third Street Music School employed 221 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Street 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 06/2022, Third Street Music School generated $11.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY MUSIC & DANCE INSTRUCTION REGARDLESS OF ARTISTIC ABILITY OR ECONOMIC CIRCUMSTANCES

Describe the Organization's Program Activity:

Part 3 - Line 4a

MUSIC AND DANCE INSTRUCTION(SEE SCHEDULE O)AS THE NATION'S LONGEST-RUNNING COMMUNITY MUSIC SCHOOL, THIRD STREET PROVIDES HIGH QUALITY MUSIC AND DANCE INSTRUCTION TO STUDENTS OF ALL AGES, ABILITIES, AND SOCIOECONOMIC BACKGROUNDS. THE MAJORITY OF THIRD STREET'S PROGRAMS SERVE CHILDREN IN GRADES PRE-K THROUGH 12TH-GRADE WITH WEEKLY AFTER-SCHOOL AND WEEKEND INSTRUCTION IN 22+ INSTRUMENTS AND VOICE; GROUP AND ENSEMBLE CLASSES; SEVERAL DANCE DISCIPLINES; MUSIC THEORY, COMPOSITION, AND PRODUCTION; AND PERFORMANCE TRAINING. THIRD STREET ALSO OFFERS EARLY CHILDHOOD PROGRAMS INCLUDING A LICENSED PRESCHOOL AND CLASSES IN MUSIC AND MOVEMENT; AS WELL AS ADULT PROGRAMS SUCH AS FLEXIBLE MUSIC LESSONS, FREE DAYTIME ACCESS TO PRACTICE STUDIOS, DANCE CLASSES, AND ENSEMBLE/PERFORMANCE ACTIVITIES, INCLUDING NEW HORIZONS BANDS FOR OLDER ADULTS. IN 2021-22, THIRD STREET SERVED 6,000+ STUDENTS, INCLUDING 1,706 IN OUR MUSIC & DANCE SCHOOL'S WEEKDAY, AFTER SCHOOL, AND WEEKEND PROGRAMS, AND 4,284 STUDENTS IN OUR PUBLIC-SCHOOL AND COMMUNITY PARTNERSHIPS PROGRAM. THIRD STREET'S OVERALL STUDENT POPULATION REFLECTS THE ETHNIC AND SOCIOECONOMIC DIVERSITY OF NYC: 23% HISPANIC, 22% CAUCASIAN, 22% ASIAN, 16% AFRICAN, AND 7% MIXED RACE. TO ENSURE EQUITABLE ACCESS, THIRD STREET PROVIDED NEED-BASED FINANCIAL AID AND HIGHLY-SUBSIDIZED PROGRAMMING TO OVER 80% OF ITS STUDENTS.IN 2021-22, THIRD STREET ALSO LEGALLY COMPLETED ITS ACQUISITION ISO, ONE OF THE CITY'S MOST PROMINENT YOUTH ORCHESTRA PROGRAMS AND A LONGTIME PARTNER OF THIRD STREET. OUR COMBINED PROGRAM, NOW KNOWN AS ISO AT THIRD STREET, EXPANDS ACCESS ACCESS TO ADVANCED MUSIC INSTRUCTION FOR 200+ ORCHESTRA STUDENTS FROM ACROSS THE FIVE BOROUGHS. STUDENTS ENJOY PROFESSIONAL-LEVEL PERFORMANCE OPPORTUNITIES AT THIRD STREET AND CELEBRATED VENUES, SUCH AS ALICE TULLY HALL AND CARNEGIE HALL.


THIRD STREET PARTNERS, SCHOOL & COMMUNITY PARTNERSHIPS (SEE SCHEDULE O)ESTABLISHED OVER 60 YEARS AGO, THIRD STREET PARTNERS IS A SCHOOL AND COMMUNITY PARTNERSHIP PROGRAM THAT REACHES THOUSANDS OF STUDENTS IN PRE-K THROUGH 12TH GRADE ACROSS THE FIVE BOROUGHS. IN 2021-2022, THIRD STREET PARTNERS SERVED 4,284 STUDENTS IN 30 PUBLIC SCHOOLS AND HUNDREDS MORE THROUGH PROGRAMS IN PUBLIC HOUSING AND UNDERSERVED COMMUNITIES. THROUGH THESE PARTNERSHIPS, THIRD STREET PROVIDES TEACHING ARTIST RESIDENCIES IN NYC PUBLIC SCHOOLS TO PROVIDE STUDENTS WITH SKILL-BASED, SEQUENTIAL INSTRUCTION THAT RANGES FROM MUSIC AND MOVEMENT, TO AFRICAN PERCUSSION, TO GROUP VIOLIN, AND ROCK BAND. COMMITTED TO SERVING UNDER-RESOURCED POPULATIONS, ABOUT 75% OF STUDENTS ENGAGED IN THIRD STREET PARTNERS ARE LIVING AT OR BELOW THE POVERTY LINE. FOR MANY OF THESE STUDENTS, THIRD STREET'S PROGRAMS ARE THEIR FIRST EXPOSURE TO ARTS EDUCATION.AT THIRD STREET, WE BELIEVE THAT MUSIC AND DANCE ARE ESSENTIAL CORE SUBJECTS TO A CHILD'S EDUCATION. WE OFFER SCHOOLS A CUSTOMIZABLE ARTS EDUCATION PROGRAM THAT IS SUSTAINABLE AND TAILORED TO EACH UNIQUE GROUP OF STUDENTS SERVED. BY WORKING CLOSELY WITH A SCHOOL'S ADMINISTRATION, THIRD STREET DESIGNS A PROGRAM THAT FILLS A GAP IN THE ACADEMIC CURRICULUM. ALL PROGRAMS PROVIDE STUDENTS WITH A FOUNDATIONAL KNOWLEDGE OF MUSICIANSHIP, INCLUDING INSTRUMENTAL SKILLS, RHYTHM, PITCH, MUSIC THEORY AND VOCABULARY, AND A BASIC SET OF REPERTOIRE. PROGRAMS ARE TYPICALLY YEAR-ROUND FOR 28-32 WEEKS, BEGINNING IN SEPTEMBER THROUGH JUNE AND CULMINATING WITH PERFORMANCE OPPORTUNITIES. FURTHER, STUDENTS ARE INVITED TO PARTICIPATE IN THE MUSIC & DANCE SCHOOL'S BRIDGE-TO-THE-ARTS ACCESS PROGRAM PARTNERS@3RD, WHICH OFFERS STUDENTS THE OPPORTUNITY TO PARTICIPATE IN A YEAR OF FREE SMALL GROUP INSTRUCTION IN AN INSTRUMENT OF THEIR CHOICE AT THIRD STREET'S HEADQUARTERS.


COMMUNITY CONCERTS(SEE SCHEDULE O)IN 2021-22, THIRD STREET PRESENTED OVER 250 FREE PUBLIC PERFORMANCES, ENRICHING THE COMMUNITY THROUGH THE SHARED LANGUAGE OF THE ARTS. HIGHLIGHTS INCLUDED OUR ANNUAL MUSIC IN ABE LEBEWOHL PARK OUTDOOR CONCERT SERIES, OUR LIVESOUNDS CONCERT SERIES WITH PERFORMANCES BY THIRD STREET FACULTY, AND DOZENS OF STUDENT PERFORMANCES INCLUDING OUR ANNUAL ALL ORCHESTRAS CONCERT, STOWE C. PHELPS HONORS CONCERT, NYC SYMPHONIC BAND CONCERT, PIANO HONORS SHOWCASE, BARBARA E. FIELD CHAMBER MUSIC CONCERT, AND STRING 'STRAVAGANZA. THE YEAR CULMINATED IN A SPECIAL ISO AT THIRD STREET CONCERT AT ALICE TULLY HALL.


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Board, Officers & Key Employees

Name (title)Compensation
Peter Flint Jr
Chair
$0
Erik D Lindauer
Vice President
$0
Ariel Fausto
Vice President
$0
Matt L Sperling
Vice President
$0
William Livingston IV
Treasurer
$0
Andrea Dipasquale
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$870,978
Related organizations$0
Government grants $1,827,509
All other contributions, gifts, grants, and similar amounts not included above$2,357,335
Noncash contributions included in lines 1a–1f $78,134
Total Revenue from Contributions, Gifts, Grants & Similar$5,055,822
Total Program Service Revenue$5,251,344
Investment income $243,956
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $388,853
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,995,495

Peer Organizations

Organization NameAssets
Curtis Institute Of Music
Philadelphia, PA
$43,513,793
Universal Ballet Foundation
Tarrytown, NY
$12,642,868
School Of American Ballet Inc
New York, NY
$13,024,168
Settlement Music School Of Philadelphia
Philadelphia, PA
$12,058,099
Usdan Center For The Creative And Performing Arts
Wheatley Heights, NY
$10,891,606
Society Of The Third Street Music School Settlement Inc
New York, NY
$10,995,495
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance
New York, NY
$8,697,421
Professional Childrens School Inc
New York, NY
$7,173,656
The Brooklyn Queens Conservatory Of Music
Brooklyn, NY
$5,888,686
South Shore Conservatory Of Music Inc
Hingham, MA
$4,130,071
Marlboro School Of Music Inc
Philadelphia, PA
$6,363,052
Neighborhood Music School Inc
New Haven, CT
$4,663,212
Academy Of Vocal Arts
Philadelphia, PA
$5,042,502
Friends Of The Mozartina Musical Arts Conservatory Inc
Tarrytown, NY
$3,779,287
Hoff Barthelson Music School
Scarsdale, NY
$4,053,239
David Hochstein Memorial Music School Inc
Rochester, NY
$4,370,404
Diller-Quaile School Of Music Inc
New York, NY
$4,271,264
Music Conservatory Of Westchester
White Plains, NY
$3,484,657
Brooklyn Music School
Brooklyn, NY
$3,380,543
The Circus Barn Incorporated
Greensboro, VT
$2,683,082
Bloomingdale School Of Music Inc
New York, NY
$3,222,647
Community Music Center Of Boston
Boston, MA
$4,709,168
Herbert Berghof Studio Inc
New York, NY
$2,246,128
Community Music School Of Springfield Inc
Springfield, MA
$4,175,399
Society For Strings Inc
Westport, NY
$1,933,407

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