Nashua Community Music School
- Assets
- $128.2k
- Revenue
- $607.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Nashua, NH
- Founding
- 09/1985
- Data as of
- 08/2024
- EIN
- 22-2528771
Organization Overview
Nashua Community Music School is located in Nashua, NH. The organization was established in 1985. 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 08/2024, Nashua Community Music School employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashua Community 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 08/2024, Nashua Community Music School generated $607.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $644.0k during the year ending 08/2024. While expenses have increased by 16.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INSTRUCTION IN MUSICAL INSTRUMENTS AND VOICE IN THIS REGION AND PROVIDE TALENT TO STAFF THE NEEDS OF LOCAL ORCHESTRAS AND CHORUSES WITHIN NH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSTRUCTION IN MUSICAL INSTRUMENTS AND VOICE IN THIS REGION AND PROVIDE TALENT TO STAFF THE NEEDS OF LOCAL ORCHESTRAS AND CHORUSES WITHIN NH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassidy Smith Member At Large | Trustee | 1 | $0 |
Diane Loudenback Member At Large | Trustee | 1 | $0 |
Karen Boivin Member At Large | Trustee | 1 | $0 |
Joel Desjarins Member At Large | Trustee | 1 | $0 |
Christopher Cole Member At Large | Trustee | 1 | $0 |
Dave West Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,781 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,046 |
| Noncash contributions included in lines 1a–1f | $3,092 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,827 |
| Total Program Service Revenue | $368,038 |
| Investment income | $4,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,843 |
| 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. | $61,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,656 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,594 |
| Payroll taxes | $21,327 |
| Fees for services: Management | $17,682 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,437 |
| Advertising and promotion | $6,609 |
| Office expenses | $3,164 |
| Information technology | $3,452 |
| Royalties | $0 |
| Occupancy | $59,544 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,304 |
| Insurance | $7,659 |
| All other expenses | $46,116 |
| Total functional expenses | $643,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,512 |
| Savings and temporary cash investments | $85,537 |
| Pledges and grants receivable | $0 |
| 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 | $3,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,684 |
| Total assets | $128,189 |
| Accounts payable and accrued expenses | $0 |
| 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 | $71,331 |
| Other liabilities | $74,725 |
| Total liabilities | $146,056 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$17,867 |
| Total liabilities and net assets/fund balances | $128,189 |