American String Teachers Association Incorporated
- Assets
- $1.8m
- Revenue
- $1.5m
- Investments
- $364.7k
- Employees
- 9
- Location
- Fairfax, VA
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 22-6080964
Organization Overview
American String Teachers Association Incorporated is located in Fairfax, VA. The organization was established in 1987. 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 06/2023, American String Teachers Association Incorporated employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American String Teachers Association Incorporated 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, American String Teachers Association Incorporated generated $1.5m 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 (4.9%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASTA CREATES AND LEADS A COMMUNITY OF DIVERSE MEMBERS TO ADVANCE STRING TEACHING, PERFORMING, AND SCHOLARSHIP. ASTA MEMBERS ARE EMPOWERED TO PROVIDE UNIVERSAL ACCESS TO STRING TEACHING, PLAYING, AND LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE / COMPETITION - IN FY 2023, ASTA PROVIDED A CONFERENCE IN ORLANDO, FL. MORE THAN 2,000 PEOPLE PARTICIPATED IN THREE DAYS OF IN-PERSON PROFESSIONAL DEVELOPMENT SESSIONS, KEYNOTE PERFORMANCES, JAM SESSION, AND EVENING PERFORMANCES, AND SIGHT READING OF NEW MUSIC SERVING ALL ASTA MEMBERS - K-12 STRING EDUCATORS, STUDIO TEACHERS, ECLECTIC STRINGS EDUCATORS, AND HIGHER EDUCATION FACULTY. THE EVENT INCLUDED A LIVE NATIONAL ORCHESTRA FESTIVAL FEATURING 16 STUDENT ENSEMBLES FROM ACROSS THE COUNTRY. IN ADDITION, ASTA BEGAN TO EXPAND ITS WEBINAR OFFERINGS, OFFERING ON AVERAGE TWO WEBINARS PER MONTH, ACCESSED LIVE OR VIA RECORDINGS BY 13% OF ASTA'S MEMBERSHIP.
MEMBER SERVICES - THE ASSOCIATION PROVIDES PROFESSIONAL DEVELOPMENT, CAREER BUILDING & SUPPORT, AND A COMMUNITY OF PEERS FOR ALL TEACHERS OF STRINGED INSTRUMENTS. ASTA COMMUNICATES ITS MESSAGE THROUGH VARIOUS METHODS INCLUDING SOCIAL MEDIA AND PRINTED AND ELECTRONIC PAMPHLETS AND BROCHURES INTENDED TO FURTHER THE GOALS OF INCREASING SCHOOL PROGRAMS, IMPROVING UNIVERSITY PROGRAMS, AND ENHANCING STRING PERFORMANCE THROUGHOUT THE COUNTRY. IN FY23, ASTA CREATED A NEW BROCHURE PROMOTING STRING EDUCATION IN SCHOOLS, CALLED CELEBRATING STRINGS. AVAILABLE AS A BROCHURE AND SLIDE DECK FOR SHARING PRIOR TO OR DURING PERFORMANCES, ASTA CREATED AN ENGLISH AND SPANISH LANGUAGE VERSION OF THE RESOURCE FOR USE BY OUR MEMBERS AND THE LARGER STRING TEACHING PROFESSION.
COMMUNICATIONS - THE ASSOCIATION, IN PARTNERSHIP WITH SAGE PUBLICATIONS, PRODUCES THE AMERICAN STRING TEACHER, A QUARTERLY JOURNAL DESIGNED TO ENHANCE THE IMAGE AND VISIBILITY OF STRING AND ORCHESTRA TEACHING AND PLAYING. THE ASSOCIATION ALSO PUBLISHES STRING RESEARCH JOURNAL ANNUALLY, A PEER-REVIEWED RESEARCH JOURNAL FOCUSED ON STRING TEACHING. THE ASTA WEBSITE AND OTHER PERIODIC COMMUNICATIONS PROVIDE VALUABLE INFORMATION TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Macleod President | OfficerTrustee | 10 | $0 |
Kristen Pellegrino Past President/treasurer | OfficerTrustee | 5 | $0 |
Karin Hendricks President-Elect | OfficerTrustee | 5 | $0 |
William Lee String Industry Council Representative | Trustee | 1 | $0 |
Selim Giray Member | Trustee | 1 | $0 |
Corie Benton Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyatt Regency Atlanta Conference Hotel | 6/29/23 | $285,048 |
Renner And Company Accounting Services | 6/29/23 | $104,179 |
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 | $64,796 |
| Noncash contributions included in lines 1a–1f | $1,715 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,796 |
| Total Program Service Revenue | $1,336,036 |
| Investment income | $28,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $23,381 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,575 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,512,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,105 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $191,425 |
| Compensation of current officers, directors, key employees. | $50,897 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,709 |
| Pension plan accruals and contributions | $14,104 |
| Other employee benefits | $6,200 |
| Payroll taxes | $30,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,375 |
| Fees for services: Accounting | $134,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,903 |
| Fees for services: Other | $113,789 |
| Advertising and promotion | $2,296 |
| Office expenses | $108,863 |
| Information technology | $113,331 |
| Royalties | $0 |
| Occupancy | $15,593 |
| Travel | $142,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $311,684 |
| Interest | $28,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,897 |
| Insurance | $12,758 |
| All other expenses | $4,285 |
| Total functional expenses | $1,670,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,047 |
| Savings and temporary cash investments | $104,359 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,629 |
| Prepaid expenses and deferred charges | $85,118 |
| Net Land, buildings, and equipment | $743,617 |
| Investments—publicly traded securities | $478,961 |
| Investments—other securities | $364,676 |
| Investments—program-related | $0 |
| Intangible assets | $7 |
| Other assets | $0 |
| Total assets | $1,824,284 |
| Accounts payable and accrued expenses | $70,620 |
| Grants payable | $0 |
| Deferred revenue | $340,413 |
| 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 | $540,062 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,920 |
| Total liabilities | $959,015 |
| Net assets without donor restrictions | $848,280 |
| Net assets with donor restrictions | $16,989 |
| 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 | $1,824,284 |