Settlement Music School Of Philadelphia
- Assets
- $34.8m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 284
- Location
- Philadelphia, PA
- Founding
- 10/1932
- Data as of
- 06/2021
- EIN
- 23-1352676
Organization Overview
Settlement Music School Of Philadelphia is located in Philadelphia, PA. The organization was established in 1932. 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 06/2021, Settlement Music School Of Philadelphia employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Settlement Music School Of Philadelphia 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 06/2021, Settlement Music School Of Philadelphia generated $14.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $11.3m during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SETTLEMENT MUSIC SCHOOL'S MISSION IS TO PROVIDE THE HIGHEST QUALITY INSTRUCTION IN MUSIC AND THE RELATED ARTS TO CHILDREN AND ADULTS, WITHOUT REGARD TO AGE, RACE OR FINANCIAL CIRCUMSTANCES. SETTLEMENT'S BROAD RANGE OF PROGRAMS, TAUGHT BY HIGHLY CREDENTIALED AND DEDICATED FACULTY, HELP STUDENTS ACHIEVE ARTISTIC, EDUCATIONAL AND SOCIAL GOALS. SETTLEMENT OFFERS MORE THAN 10,000 WEEKLY SERVICES OF MUSIC AND ARTS INSTRUCTION IN MORE THAN 20 INSTRUMENTS, GROUP CLASSES, CHOIRS, CHAMBER GROUPS, JAZZ ENSEMBLES, ORCHESTRA, ARTS THERAPY, DANCE, AND CREATIVE MOVEMENT, BOTH ONSITE AND ONLINE AT ITS SIX COMMUNITY BRANCH SITES, AND WITH MULTIPLE OFF-SITE PARTNERSHIPS. SINCE ITS FOUNDING, SETTLEMENT MUSIC SCHOOL HAS GROWN TO BECOME A LEADER IN THE NEIGHBORHOODS IT SERVES, IN THE CITY OF PHILADELPHIA, AND IN THE NATIONAL COMMUNITY ARTS SCHOOL MOVEMENT. MEASURED BY BUDGET SIZE, ENROLLMENT, AND NUMBER OF BRANCHES, SETTLEMENT IS THE LARGEST COMMUNITY SCHOOL OF THE ARTS IN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SETTLEMENT'S FINANCIAL AID PROGRAM IS THE VEHICLE THROUGH WHICH UNDERSERVED CHILDREN GAIN ACCESS TO THE SCHOOL'S PROGRAMS. THE SCHOOL ANNUALLY PROVIDES APPROXIMATELY $2.7 MILLION IN FINANCIAL AID AND SCHOLARSHIPS ACROSS ALL PROGRAMS TO NEARLY 60% OF ITS STUDENTS. SETTLEMENT HAS BEEN SUCCESSFUL IN RECRUITING AND RETAINING CREDENTIALED AND EXPERIENCED FACULTY. THIS FACULTY PROVIDES 10,000 WEEKLY MUSIC AND ARTS RELATED PROGRAMS AND SERVICES TO ALL THE COMMUNITIES THAT THE SCHOOL SERVES, INCLUDING LOW-INCOME AND UNDERSERVED COMMUNITIES. SETTLEMENT EMPLOYS APPROXIMATELY 260 FACULTY, MAKING IT ONE OF THE LARGEST EMPLOYERS OF MUSIC EDUCATORS IN PENNSYLVANIA. THE KALEIDOSCOPE PROGRAM USES THE ARTS TO PREPARE 114 LOW-INCOME PRESCHOOL STUDENTS FOR ACADEMIC SUCCESS. THE PROGRAM HAS A PROVEN RECORD OF SUCCESS, WITH PARTICIPANT'S SCHOOL READINESS SCORES THREE TIMES HIGHER THAN PEERS IN NON-ARTS ENRICHED PROGRAMS. 90% OF THE STUDENTS IN THE KALEIDOSCOPE PROGRAM QUALIFY FOR HEAD START FUNDING DUE TO FAMILY INCOME OR SPECIAL NEEDS AND ATTEND TUITION-FREE. THE INNOVATION AND QUALITY OF KALEIDOSCOPE HAS HELPED IT BECOME A NATIONAL MODEL OF ARTS-BASED PRESCHOOL EDUCATION. THE BUDGET FOR KALEIDOSCOPE IS OVER $1 MILLION, REPRESENTING APPROXIMATELY 13% OF THE SCHOOL'S BUDGET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Eaton Chief Executive Officer | Officer | 60 | $225,524 |
Veronica Plousis Chief Financial Officer/chief Operating Officer | 60 | $142,992 | |
Patrick Leiter Chief Information Officer | 55 | $132,600 | |
Amelia Schmertz Chief Advancement Officer | 55 | $116,436 | |
Ellen S Friedell Chair | OfficerTrustee | 4 | $0 |
Justin Klein President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $90,261 |
| Membership dues | $0 |
| Fundraising events | $85,959 |
| Related organizations | $0 |
| Government grants | $1,351,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,254,433 |
| Noncash contributions included in lines 1a–1f | $405,156 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,781,953 |
| Total Program Service Revenue | $5,907,689 |
| Investment income | $308,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,010 |
| Net Gain/Loss on Asset Sales | $861,833 |
| Net Income from Fundraising Events | $192,990 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,877 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,057,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,441,569 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,817 |
| Compensation of current officers, directors, key employees. | $24,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,337,546 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $342,162 |
| Payroll taxes | $414,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,989 |
| Fees for services: Accounting | $51,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,750 |
| Fees for services: Investment Management | $31,448 |
| Fees for services: Other | $77,105 |
| Advertising and promotion | $68,287 |
| Office expenses | $93,433 |
| Information technology | $223,380 |
| Royalties | $0 |
| Occupancy | $341,131 |
| Travel | $23,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,862 |
| Interest | $187,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $725,194 |
| Insurance | $155,141 |
| All other expenses | $34,157 |
| Total functional expenses | $11,288,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,588,026 |
| Savings and temporary cash investments | $3,989,861 |
| Pledges and grants receivable | $3,063,202 |
| Accounts receivable, net | $99,498 |
| 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 | $139,945 |
| Net Land, buildings, and equipment | $15,391,430 |
| Investments—publicly traded securities | $9,303,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,227,713 |
| Total assets | $34,802,698 |
| Accounts payable and accrued expenses | $350,119 |
| Grants payable | $0 |
| Deferred revenue | $449,605 |
| 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 | $3,669,949 |
| Unsecured mortgages and notes payable | $1,014,136 |
| Other liabilities | $769,892 |
| Total liabilities | $6,253,701 |
| Net assets without donor restrictions | $15,738,574 |
| Net assets with donor restrictions | $12,810,423 |
| 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 | $34,802,698 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Settlement Music School Of Philadelphia has recieved totaling $779,560.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: MUSIC EDUCATION PATHWAYS | $290,000 |
William Penn Foundation Philadelphia, PA PURPOSE: MUSIC EDUCATION PATHWAYS | $290,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $51,373 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | | $32,500 |
Christopher Reeve Foundation A New Jersey Nonprofit Corporation Short Hills, NJ PURPOSE: ARTS | $23,800 |
Hilda & Preston Davis Private Foundation Philadelphia, PA PURPOSE: EDUCATION SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $8,705,651 |
| Earnings | $1,986,968 |
| Admin Expense | $60,000 |
| Net Contributions | $1,815,751 |
| Other Expense | $785,000 |
| Ending Balance | $11,663,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Curtis Institute Of Music Philadelphia, PA | $375,391,914 | $65,896,582 |
Universal Ballet Foundation Tarrytown, NY | $0 | $12,642,868 |
School Of American Ballet Inc New York, NY | $111,037,435 | $21,205,372 |
Settlement Music School Of Philadelphia Philadelphia, PA | $34,802,698 | $14,057,233 |
Society Of The Third Street Music School Settlement Inc New York, NY | $23,512,540 | $9,331,737 |
Professional Childrens School Inc New York, NY | $20,795,903 | $7,913,959 |
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance New York, NY | $27,086,297 | $8,434,600 |
Usdan Center For The Creative And Performing Arts Wheatley Heights, NY | $9,094,063 | $7,842,834 |
The Brooklyn Queens Conservatory Of Music Brooklyn, NY | $5,364,852 | $5,242,264 |
Imagination Stage Inc Bethesda, MD | $7,434,755 | $5,049,513 |
Cleveland Music School Settlement Cleveland, OH | $23,962,029 | $4,711,711 |
Academy Of Vocal Arts Philadelphia, PA | $44,375,102 | $5,042,502 |