Community Music School
- Assets
- $1.6m
- Revenue
- $781.7k
- Investments
- $0.0
- Employees
- 42
- Location
- Collegeville, PA
- Founding
- 11/1991
- Data as of
- 06/2023
- EIN
- 23-2644076
Organization Overview
Community Music School is located in Collegeville, PA. The organization was established in 1991. 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 06/2024, Community Music School employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2023, Community Music School generated $781.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $824.6k during the year ending 06/2023. While expenses have increased by 1.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL/MUSICAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CULTURAL AND MUSICAL EDUCATION TO ALL INTERESTED INDIVIDUALS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Barrett President | OfficerTrustee | 1 | $0 |
Susan Chung Vice Preside | OfficerTrustee | 1 | $0 |
John Gray Secretary | OfficerTrustee | 1 | $0 |
Tom Marks Treasurer | OfficerTrustee | 1 | $0 |
James Johnson Director | Trustee | 0.5 | $0 |
Heather Bitzer Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,827 |
| Noncash contributions included in lines 1a–1f | $8,025 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,327 |
| Total Program Service Revenue | $658,697 |
| Investment income | $860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,183 |
| Net Gain/Loss on Asset Sales | -$1,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $781,698 |
| 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 | $524,241 |
| Pension plan accruals and contributions | $7,080 |
| Other employee benefits | $5,448 |
| Payroll taxes | $41,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,970 |
| Advertising and promotion | $10,573 |
| Office expenses | $20,643 |
| 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 | $7,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,100 |
| Insurance | $8,420 |
| All other expenses | $42,821 |
| Total functional expenses | $824,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,004 |
| Savings and temporary cash investments | $303,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,891 |
| 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 | $3,938 |
| Net Land, buildings, and equipment | $1,081,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,599,511 |
| Accounts payable and accrued expenses | $655 |
| Grants payable | $0 |
| Deferred revenue | $179,151 |
| 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 | $166,593 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $346,399 |
| Net assets without donor restrictions | $1,248,112 |
| Net assets with donor restrictions | $5,000 |
| 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 | $1,599,511 |