Community Music School
- Assets
- $1.7m
- Revenue
- $990.2k
- Investments
- $0.0
- Employees
- 37
- Location
- Collegeville, PA
- Founding
- 11/1991
- Data as of
- 06/2021
- 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 06/2022, Community Music School employed 37 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 06/2021, Community Music School generated $990.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $629.9k during the year ending 06/2021. 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
CULTURAL/MUSICAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CULTURAL AND MUSICAL EDUCATION TO ALL INTERESTED INDIVIDUALS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Barrett Vice Preside | OfficerTrustee | 0.5 | $0 |
April Goudie President | OfficerTrustee | 1 | $0 |
Carl Lamastra Treasurer | OfficerTrustee | 1 | $0 |
Brad Riegner Secretary | OfficerTrustee | 1 | $0 |
Christina Breslin-Frankel Director | Trustee | 1 | $0 |
David Chesler Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,024 |
| Investment income | $503 |
| 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 | $990,164 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $379,553 |
| Pension plan accruals and contributions | $5,039 |
| Other employee benefits | $3,083 |
| Payroll taxes | $30,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $553 |
| Fees for services: Accounting | $7,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,209 |
| Office expenses | $9,184 |
| Information technology | $6,411 |
| 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 | $17,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,147 |
| Insurance | $7,801 |
| All other expenses | $0 |
| Total functional expenses | $629,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,425 |
| Savings and temporary cash investments | $453,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,865 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,519 |
| Total assets | $1,705,613 |
| Accounts payable and accrued expenses | $5,538 |
| Grants payable | $0 |
| Deferred revenue | $33,909 |
| 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 | $347,932 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $387,379 |
| 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 |
| Total liabilities and net assets/fund balances | $1,318,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Musical & Dramatic Academy New York, NY | $154,874,684 | $91,373,218 |
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 |