Project Step Inc Symphony Hall
- Assets
- $2.9m
- Revenue
- $817.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Boston, MA
- Founding
- 10/1984
- Data as of
- 06/2022
- EIN
- 22-2505816
Organization Overview
Project Step Inc Symphony Hall is located in Boston, MA. The organization was established in 1984. 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, Project Step Inc Symphony Hall employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Step Inc Symphony Hall 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, Project Step Inc Symphony Hall generated $817.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $745.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT STEP, INC., (PROJECT STEP) WAS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION IN 1983 UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS. PROJECT STEP USES CLASSICAL MUSIC TRAINING TO BRING POSITIVE CHANGE TO THE LIVES OF STUDENTS, THEIR FAMILIES, AND THEIR COMMUNITIES. THE ORGANIZATION IDENTIFIES MUSICALLY TALENTED STUDENTS FROM UNDERREPRESENTED RACIAL AND ETHNIC MINORITIES AT AN EARLY AGE AND PROVIDES THEM WITH A COMPREHENSIVE MUSIC PROGRAM THAT PREPARES THEM TO COMPETE AT THE HIGHEST LEVELS. PROJECT STEP'S GOALS ARE TO EXPAND THE LIVES OF STUDENTS THROUGH MUSIC, HELPING THEM REACH THEIR POTENTIAL, AND TO BRING DIVERSITY TO THE FIELD OF CLASSICAL MUSIC. BY TEACHING THE VALUES OF RESPONSIBILITY, RESPECT, PERSEVERANCE AND JOY IN ACHIEVEMENT THROUGH LEARNING A STRING INSTRUMENT, PROJECT STEP DEVELOPS STRONG, PRODUCTIVE AND HAPPY ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEEKLY PROGRAM OF PRIVATE LESSONS, CHAMBER MUSIC COACHING, ORCHESTRA AND THEORY CLASSES. THE PROGRAM INCLUDES APPROXIMATELY 55-60 STUDENTS AGES SIX TO EIGHTTEEN. 100% OF THE PROGRAM'S GRADUATES HAVE GONE ON TO COLLEGE OR CONSERVATORY. APPROXIMATELY 60% OF THE PROGRAM'S GRADUATES ARE CURRENTLY PROFESSIONALS IN THE FIELD OF CLASSICAL MUSIC. STUDENTS HAVE WON AWARDS AND BEEN ON NATIONAL TELEVISION AND RADIO.
WEEKLY PROGRAM OF PRIVATE LESSONS, CHAMBER MUSIC COACHING, ORCHESTRA AND THEORY CLASSES. THE PROGRAM INCLUDES APPROXIMATELY 55-60 STUDENTS AGES SIX TO EIGHTTEEN. 100% OF THE PROGRAM'S GRADUATES HAVE GONE ON TO COLLEGE OR CONSERVATORY. APPROXIMATELY 60% OF THE PROGRAM'S GRADUATES ARE CURRENTLY PROFESSIONALS IN THE FIELD OF CLASSICAL MUSIC. STUDENTS HAVE WON AWARDS AND BEEN ON NATIONAL TELEVISION AND RADIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Austin President | OfficerTrustee | 5 | $0 |
Alex Mccray Vice Preside | OfficerTrustee | 5 | $0 |
Meghan Jasani Vice Preside | OfficerTrustee | 5 | $0 |
Michael Hoyle Treasurer | OfficerTrustee | 5 | $0 |
Elisa Pepe Clerk | OfficerTrustee | 5 | $0 |
Rebecca Bogers Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,662 |
| Related organizations | $0 |
| Government grants | $129,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $549,012 |
| Noncash contributions included in lines 1a–1f | $32,398 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,224 |
| Total Program Service Revenue | $16,263 |
| Investment income | $42,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,342 |
| Net Income from Fundraising Events | -$8,688 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $817,605 |
| 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. | $82,231 |
| Compensation of current officers, directors, key employees. | $71,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,347 |
| Pension plan accruals and contributions | $2,586 |
| Other employee benefits | $22,202 |
| Payroll taxes | $21,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,921 |
| Fees for services: Other | $59,621 |
| Advertising and promotion | $666 |
| Office expenses | $8,871 |
| Information technology | $5,314 |
| Royalties | $0 |
| Occupancy | $12,162 |
| Travel | $336 |
| 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 | $12,704 |
| Insurance | $2,655 |
| All other expenses | $7,864 |
| Total functional expenses | $745,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $83,436 |
| Accounts receivable, net | $3,616 |
| 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 | $3,546 |
| Net Land, buildings, and equipment | $53,579 |
| Investments—publicly traded securities | $2,488,061 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,909,410 |
| Accounts payable and accrued expenses | $34,228 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $34,228 |
| Net assets without donor restrictions | $2,187,375 |
| Net assets with donor restrictions | $687,807 |
| 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 | $2,909,410 |