Marlboro School Of Music Inc
- Assets
- $3.3m
- Revenue
- $4.8k
- Investments
- $229.9k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1990
- Data as of
- 09/2021
- EIN
- 22-3059283
Organization Overview
Marlboro School Of Music Inc is located in Philadelphia, PA. The organization was established in 1990. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Marlboro School Of Music 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 09/2021, Marlboro School Of Music Inc generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $445.0 during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOANS FOR PURCHASING HIGH QUALITY MUSICAL INSTRUMENTS TO MARLBORO MUSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOANS ARE PROVIDED BY THE ORGANIZATION AT LOW OR 0% INTEREST RATES TO PRESENT AND FORMER PARTICIPANTS TO ASSIST IN THE PURCHASE OF MUSICAL INSTRUMENTS. AS OF SEPTEMBER 30, 2021, THERE WERE 66 OUTSTANDING LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Rai Clerk | OfficerTrustee | 2 | $0 |
Carol Colburn Grigor Vice President | OfficerTrustee | 2 | $0 |
William Roberts President | OfficerTrustee | 2 | $0 |
Dan Ginsberg Treasurer | OfficerTrustee | 2 | $0 |
Philip Maneval Asst. Treasurer | Officer | 2 | $0 |
Stephen Stamas Trustee | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,779 |
| 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 | $4,779 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $445 |
| Total functional expenses | $445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,694 |
| 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 | $3,025,884 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $229,915 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,289,493 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $3,289,493 |
| 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 | $3,289,493 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marlboro School Of Music Inc has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
University Of The Arts Philadelphia, PA PURPOSE: ARTS AND CULTURAL PROJECTS | $120,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aperture Foundation Inc New York, NY | $9,605,645 | $6,905,866 |
Connecticut Association For The Performing Arts Columbus, OH | $17,900,822 | $9,227,744 |
Pro Musica Chamber Orchestra Of Columbus Inc Columbus, OH | $5,145,950 | $3,041,933 |
The Maryland Symphony Orchestra Inc Hagerstown, MD | $4,651,456 | $1,450,500 |
National Alliance For Musical Theatre Inc New York, NY | $552,202 | $908,126 |
Actors Studio New York, NY | $8,695,389 | $223,717 |
Philadelphia Young Playwrights Philadelphia, PA | $987,040 | $626,381 |
Scientists Cliffs Association Inc Port Republic, MD | $2,817,115 | $861,002 |
Renew Theaters Inc Doylestown, PA | $868,141 | $641,608 |
Stage Directors & Choreographers Workshop Foundation Inc New York, NY | $702,465 | $616,439 |
Shakespeare Globe Centre - Usa Inc New York, NY | $62,511 | $158,136 |
The Foundation For Judaeo-Christian Studies South Orange, NJ | $7,179,943 | $236,488 |